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ICM Capital Limited Review – All About This Brokerage

ICM Capital Limited Review

ICM Capital is a UK broker, offering trading in forex and CFD contracts on oil (WTI & Brent), indices, precious metals and bitcoin using one of the most renowned retail trading platforms in the world, MetaTrader 4.

Founded in 2009, ICM Capital is a brand of ICM CAPITAL Ltd., a wholly owned subsidiary of Luxemburg-based ICM Holding SARL. Additionally, support and operation offices have been established in Dubai and Shanghai.

And in this in depth ICM Capital broker review, we will cover all the things you need to know about this broker and why you should invest with them. 

Broker Status: Regulated broker
Regulated by:  FCA, FSA, FSCS, ARIF, CABs, QFC
Operating Status:  Active
Scammers Websites:
Blacklisted as a Scam by: None
Broker Owner:  ICM Holding SARL
Headquarters Country: UK
Foundation Year:  2009
Online Trading Platforms: MT4
Mobile Trading:  Yes
Minimum Deposit: $200
Deposit Bonus:  10%
Crypto Asset Trading: No
CFD Trading Option: Yes
Available Trading Instruments: Forex, CFD, Commodities
Maximum Leverage: 1:200
Islamic Account:  Yes
Free Demo Account:  Yes
Accepts US clients: No

Is ICM Capital Limited Safe? Security and Regulation

ICM Capital is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of ICM Capital going into insolvency.

ICM Capital compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like ICM Capital to maintain licenses and operate in certain jurisdictions.

Financial regulation and licensing are crucial for creating a secure trading environment for ICM Capital traders. The broker is authorized and regulated by FCA, which regulates the financial services industry in the United Kingdom, with the aim to protect consumers and ensure the industry remains stable.

They are regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers’ behavior, and they will take necessary action if things go wrong. Before trading online with a broker like ICM Capital you should be sure they’re legitimate online brokerage.

ICM Capital Limited Leverage

Being a UK-based regulated broker ICM Capital follows strict guidelines set by the regulatory authority. Leverage levels fall under a particular set of rules, like UK and European regulators set a limitation towards maximum offered leverage levels, as ESMA recognizes a potential risk in case very high leverage is used.

European traders are eligible to use low leverage up to 1:30 for Forex products, 1:5 for CFDs, and 1:10 for Commodities.
While other non-European traders under international entities may apply for leverage up to 1:200 for ICM Direct and ICM Zero account types.

Please, be advised that trading on margin with high leverage levels may burn a hole in your pocket. Leverage may multiply your profits exponentially, but it can do the same to your losses.

ICM Capital Limited Accounts Types Available

ICM Capital offers two account types: ICM Direct and ICM Zero accounts. The broker also caters to those who want to practice their trading techniques, by providing the option of opening a risk-free Demo account.

ICM Capital offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

There are trading accounts with both fixed and floating spreads in the broker’s product portfolio. ICM Capital quotes as typical a variable spread of 1.3 pips on EUR/USD, which is average for the forex market.

Trading Instruments at ICM Capital Limited

Here’s an overview of Icm Capital Limited’s trading instruments:

  • Spot Forex – EUR/USD, AUD/NZD, CHF/JPY
  • Currency futures – GBP/USD, JPY/USD, EUR/USD
  • Indices – CAC40, DAX30, FTSE100
  • Commodities – brent oil, crude oil, natural gas
  • Spot metals – gold & silver futures
  • US Stocks – Microsoft, Disney, Boeing

ICM Capital fee structure is simple as it is based on a spread. Also, always consider funding or inactivity fees. In a standard account feature, you should count on the rollover rates if you hold a long position. For instance, the EUR/USD long buying position will impose $7.86 while selling will gain $2.68 per lot.

Trading Platforms Overview 

ICM Capital offers a single trading platform, but it is the ever-popular and trustworthy MetaTrader 4 (MT 4) platform. Within this option, one can choose from further sub-options like MetaTrader4 for desktop, Mac, iPhone/iPad and Android. A web based platform is also available.

MetaTrader 4, is the industry’s standard trading platform and the preferred choice of most experienced traders due to its outstanding charting package, one-click trading, automated trade options with Expert Advisor (EAs) and extensive back-testing environment. Moreover, the platform is user-friendly and even novice traders can easily find their way around it.

MT trading platforms are the best. Equipped with an array of cutting-edge options, this software was designed by MetaQuotes to make trading better. Both MT4 and MT5 offer automated trading, in-depth analysis, advanced charting, a user-friendly interface, live market reports, multiple timeframes, and instant execution.

It doesn’t get much better than MT software so it’s Icm Capital Limited’s big advantage

ICM Capital Limited Bonuses

Currently, this broker offers a 10% credit bonus up to 1,000 USD available on each new deposit above 2,000 USD.

It is for trading purposes only until a set amount of lots have been traded; after which credit bonus can be turned into cash.

Deposits and Withdrawals Process

This broker has the following deposit options:

  • Visa or Master credit/debit card
  • Neteller
  • Skrill
  • PayPal

The minimum deposit at ICM Capital is $200 or equivalent to this in the currency you use. Keeping the minimum deposit fairly low allows investors from all walks of life to join the platform and start their trading careers.

Moreover, ICM has a solution for easy funding. They offer its own ICM Capital Mastercard (the card issued by Wirecard Card Solutions Ltd), which enables the transfer of funds of any trading profits from the client’s trading account easily. Clients can submit an online application for card issuance with a one-time payment fee of $40.

Deals can be made for a minimum of $1 and you can deposit in any local currency. The maximum deposit amount is $5000 while the broker recommends that bigger sums are split into several transactions.

The withdrawal or deposit fee varies according to the payment method you choose. Yet, the broker covers the transfer fees for deposits above $500 in case of Bank transfers, while other methods’ fees vary, see the specification table below. Visa or Mastercard (will include a fee of 1.75% above) are taxable by fees too. However, for the withdrawals, the company covers fee expenses for Visa and Neteller options.

The minimum withdrawal amount is only $10. In most instances, account verification is required before any withdrawal is approved. The first withdrawal can only be processed through the same payment method as the deposit.

Education and Resources

ICM Capital provides trading central which offers its clients webinars to further develop their Technical Analysis skills. Also offers an Economic Calendar, trading tools, and trading signals.

You can easily access all of this material under the ICM Capital About Us and Trading tools tab on their website. 

This is great, especially for all of those who are new to trading and may be hesitant to ask many questions. Compared to the other brokers on the market, the level of analysis this broker provides is quite good.

Both beginners and advanced traders will find the information easy to grasp and very useful in making trading decisions.

On top of that, once you deposit and start your trading journey, you will be provided with an account manager that is designated to help you learn and as well help you make as much profit as possible.

Customer Support 

As part of our ICM Capital review, we review customer service options, response times and problem resolution effectiveness on the ICM Capital trading platform.

The ICM Capital trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Compared to other brokers, ICM Capital offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

ICM Capital Limited Overall Summary

We concluded this ICM Capital Limited review, so you can get an insight into how a regulated UK-based broker operates. While sometimes it can be hard to be completely sure if the broker is legit or a scam, those that do hold many licenses are often seen as being a good investment path even if someone doesn’t have much experience. 

The fact that this broker follows regulations set by FCA, FSA, FSCS, ARIF, CABs, QFC which are all fairly well-known regulatory bodies, should give you peace of mind that your funds are completely safe, secured, and handled properly.  

They also provide a quitting-edge trading environment with the industry-standard MT4 platform. It also features competitive average spreads but unfortunately a really high leverage which can seem dangerous if you don’t know what you are doing. There is a minimum deposit of $200 which is good but not often seen with regulated firms as they usually ask for less.

Always think twice before taking any risks while investing money and choose brokers that haven’t violated any terms and conditions to ensure your funds are in good hands.

FAQs About ICM Capital Limited Broker

Are my Deposited Funds Protected at ICM Capital Limited?

Yes, your deposited funds are protected while working with ICM Capital Limited.

Where Can I View ICM Capital Limited Legal Documentation?

You can view ICM Capital Limited legal documentation under the about us tab on their website.

What Bodies Are ICM Capital Limited Regulated Under?

ICM Capital Limited is regulated by the following regulatory bodies: FCA, FSA, FSCS, ARIF, CABs, QFC.

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