ICM Capital Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of ICM Capital trading signals. You will learn what kinds of trading signals ICM Capital offers and what the conditions for using them are.
Short introduction of ICM Capital
Clients of ICM Capital can trade currency pairs and CFDs on stocks, indices, commodities, and metals. The minimum deposit is $200, and the allowed currencies for deposits and withdrawals are USD, EUR, GBP, and SGD. This broker offers a demo account and two real accounts, and any of the standard accounts can be upgraded to a professional account for expanded trading opportunities, but only if you qualify. The spreads are floating and start from 0 pips. There are no commissions on the Direct account, while the Zero account charges $7 per lot. Traders have the option to use the MT4 trading platform, including the mobile version. This broker does not provide alternative earning options such as joint accounts, copy trading, or referral programs. Educational materials are not available on the website, but there are many tools for technical and fundamental analyses.
| 💰 Account currency: | USD, EUR, GBP, and SGD |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:200 |
| 💱 Spread: | Floating, from 0 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, metals, energies |
| 💹 Margin Call / Stop Out: | No |
ICM Capital Pros and Cons
👍 Advantages of trading with ICM Capital:
•This broker offers straightforward and clear conditions, with only account types that differ in trading costs.
•Traders can deposit and withdraw funds using various methods, and no commission is charged for the first withdrawal each month.
•Broker’s clients use the MetaTrader 4 trading platform, which is easy to learn and highly customizable through plugins.
•The company is officially registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA).
•Clients' funds are protected against unforeseen circumstances, with insurance coverage of up to £5 million.
•This broker issues its own Mastercard plastic card, which can be used for payments worldwide and online.
•The company's website and the trader's user account provide numerous resources for market analysis and forecasting.
👎 Disadvantages of ICM Capital:
•The technical support operates only on weekdays and during limited hours (from 6:00 to 18:00 GMT).
•Clients cannot earn through any means other than active trading.
•If a user withdraws funds more than once per month, they will be charged a commission for each subsequent withdrawal.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
ICM Capital Trading Signals
Most brokers have similar commission policies. Therefore, the trader's main costs are the spread, transaction, and withdrawal commissions. The spread can be variable (in most cases) or fixed (rarely encountered). The spread can also be standard or raw, with the latter being lower but accompanied by higher commission fees. In the case of ICM Capital, there is a standard spread starting from 0 pips. On the Direct account, the spread is slightly higher, but there is no commission. On the Zero account, the spread is minimal, but there is a $7 commission per lot. This is not the lowest indicator and can be considered average in the market. Thus, the main costs for ICM Capital clients do not exceed optimal values, regardless of their preferred real account type.
| Account type | Spread (minimum value) | Withdrawal commission |
| Direct | Spreads from 7$, without commission | No |
| Zero | Spreads from 0 pips, with a commission of $7 per lot | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ICM Capital does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.