ICM Capital Broker Reviews and Full Information

What exactly is ICM Capital?

ICM Capital Limited is a London-based broker based in London that is a wholly owned affiliate that is part of ICM Holding SARL (Luxembourg). In addition, support and operation offices have been opened within Dubai as well as Shanghai.

The principal characteristics of the broker are made up of a wide range of products that include OTC Spot Foreign Exchange, OTC Precious Metals, OTC US Stocks, OTC Energy Futures, OTC Index Futures and OTC Cash CFDs.

Markets are accessible via one account competitive spreads (ECN Spreads beginning at zero pip) as well as a large liquidity pool provided from the Tier-1 bank, quick execution of market orders without requotes, real-time Trading Central reports, and many more. 

ICM Capital Pros and Cons

ICM Capital is a reliable broker, with ECN trading technology as well as good technical services. The spreads are minimal and average and there's an excellent educational section.

On the negative side instruments are restricted in scope to CFDs as well as OTC assets.

10 Points Summary

Awards

Numerous international awards have acknowledged the ICM Capital for being a top institution in the UK as well as in MENA regions and elsewhere.

Are ICM Capital safe or a fraud?

It's not true, ICM Capital is not fraudulent, it's an authentic and regulated broker that has a the highest-quality certification by FCA to offer low risk Forex trading.

ICM Capital ICM Capital is authorized and controlled through the Financial Conduct Authority (FCA) who oversees the financial services sector across the United Kingdom, with the intention of protecting customers and ensure that the market is stable.

In the position of being among the top reliable and shrewd authorities in the financial industry, FCA status delivers the security of funds to clients who are covered as part of the Financial Services Compensation Scheme (FSCS) that cover up to PS50,000 in case ICM Capital becomes insolvent. To make this even more secure, ICM enhanced this with an additional level of protection that goes up to PS1,000,000, backed by substantial global capital. It is available to all customers with live accounts without additional costs.

Types of accounts

ICM Capital release only one account type ICM Direct. ICM Direct. The broker utilizes market execution and liquidity is accumulated through major institutions such as Tier 1 worldwide banks. The broker also offers a platform for those who wish to test their trading skills, offering the option to open a risk-free Demo Account.

Additionally, ICM Capital offers Islamic accounts for customers who adhere to Islamic Muslim faith. The Forex Islamic Accounts are referred to for their swap-free status because they do not imply swap or rollover fees on overnight transactions which is contrary to traditional Islamic faith.

Fees

ICM Capital fee structure is straightforward since it is based on the spread. Also, look below for other fees worth considering such as the funding fee or the inactivity fee.

If you have a standard feature on your account it is recommended to take into account your rate of rollover when you have an investment that is long. For example the EURUSD long buy position will result in -7.86dollars while selling it gains 2.68dollars per lot.

Spreads

The Brokers keep spreads on every market to be lower than the rest of the options, as evidenced by historical data that show the spreads for EUR/USD at peak times is 1.3 pip. A comparison of the typical spreads are shown below, as well as see and contrast ICM Capital fees with its rival ETX Capital.

Additionally, ICM Capital offers Islamic accounts for those who follow Islamic Muslim faith. For forex, Islamic Accounts are referred to for their swap-free status since they don't require rollover or swap interest on overnight trades that is in violation of Islamic principles. Islamic faith.

In a normal account feature, you need to take into account the rolling rates when you have an investment that is long. For example the EURUSD long buy position is going to cost -7.86$ , while selling gains 2.68dollars per lot.

The broker also offers a service to those who wish to test their trading strategies, and offers the possibility of opening a risk-free Demo Account.

Leverage

As a UK based, regulated broker, ICM Capital follows strict guidelines that are set by European agency ESMA. In the end, recent changes issued by the European regulator set a limit on the maximum leverage levels that can be offered which is because ESMA identified a danger in the event that a the use of leverage at a high level is made.

• customers of ICM Capital may use leverage up to 11:30 for Forex products as well as 1:5 for CFDs. 1:10 for Commodities.

Withdrawals and Deposits

ICM Capital offers several ways to transfer funds to ensure customers convenience. The funds deposited will be credited to clients accounts in less than 24 hours. Traders can make use of bank transfers or card payments as well as a range of electronic-wallets Neteller, Skrill, China UnionPay and more.

In addition to that, the ICM has announced an easy-to-fundraise solution with the personal ICM Capital Mastercard (the credit card offered via Wirecard Card Solutions Ltd) it allows for the transfer money from trading earnings from the account of the client's trading. Customers can make an online application to get a card and pay a one-time transaction cost of $40.

Minimum deposit

ICM Capital minimum deposit is 200$ which is a nice feature for traders of all kinds which permits you to start with a small initial amount.

ICM Capital minimum deposit in comparison to other brokers

Withdrawal

The deposit or withdrawal fee will vary based on the method of payment you select. The broker will cover fee for transfers of more than 500dollars in the case of Bank transfers. Other methods have their own fees. Check the table of specifications below. Visa and Mastercard (will have a charge of 1.75 percent over) that are taxed through fees too. But, for withdrawals, the company will cover the cost of fees for Visa and Neteller choices.

Trading Platforms

The trading platforms of ICM Capital were selected based on importance in the market offering, and also the most suitable trading parameters such as speed, reliability and security. Because of this, customers who are clients of ICM Capital mainstays at popular MetaTrader4.

Desktop trading

It's true it is a fact that MetaTrader 4 is a extremely professional platform that allows traders to trade actively but also provides strong technological analysis, charts, and modeling tools. Additionally, all users benefit from automatic trading with the help of the Expert Advisor in the terminal.

These applications are developed with MetaQuotes Language 4 and allowing the analysis and trading in an automatic mode. MetaQuotes 4 is compatible with all devices. The trader is able to access the trading environment via desktop computer Mac and mobile devices as well as tablets.

Withal, ICM Capital has selected Trading Central's technical analysis program to offer their clients and is offered for free to account holders with live accounts. Trading Central is a global benchmark that provides daily market reports as well as technical analysis of Forex, Precious Metals and Oil.

Support

The support offered by the company in a variety of languages through telephone, email , and live chat. It is appropriate for those who are new as well as experienced traders and is a prestigious customer support service that has won awards and is highly valued by customers. Additionally, to aid with the rapid growth of the online Forex market, there is an all-inclusive educational center is specifically designed for traders of all levels.

• In addition, the broker organizes different competitions and contests to allow their traders to improve their capabilities and win valuable prizes.
• ICM Capital Limited, the British Forex, Commodities and CFD's trading firm , is an official sponsor of the England Polo Team at Chestertons Polo.

Conclusion

The main thing to consider is the trustworthiness of the company and credibility. As as regulated by FCA The broker ensures safe trading, and is also able to provide an additional insurance policy of one million dollars of coverage. Additionally, the account that has the very low deposit requirement of just 200dollars must be considered by novice traders and also the having the additional features of the platform in the beginning. ICM trade technology is able to demonstrate outstanding trade execution and allows any type of trading. To help the clients The company provides sophisticated spread calculation via ECN Deep liquidity suppliers that start at zero pips.