Registration, financial regulation
ICM capital works according to the license FCA and has no other regulation.
Warranties and insurance
ICM capital forex broker guarantees the protection of client investments under the FSCS scheme in the amount of up to £ 1,000,000 and up to £ 50,000 in case of insolvency of the company. VIP customers are provided with additional guarantees of up to £ 1,000,000 under the insurance system from Lloyd’s of London.
ICM capital limited offers all types of trading assets except binary and exchange options:
- 32 currency pairs: ICM capital spreads from 0.4 points, leverage no more than 1: 200;
- more than 1000 stocks: ICM capital leverage 1:20;
- Futures and CFD on stock indices: leverage no more than 1: 200;
- Futures on raw materials; leverage up to 1: 50.
Crypto currencies are not offered for trading due to the strict requirements of ICM capital FCA, but the company plans to develop this direction. ICM capital minimum deposit $100, minimum transaction volume 0,01 lot, minimum ICM capital swap rates 0.3.
In 2019 they are trying to work with CFDs on Bitcoin. However, due to the established maximum of 0.5 lots per trade, the offer for bitcoin CFDs at ICM Capital is limited.
For ICM capital forex trading, the client is offered several types of trading accounts:
- ICM Direct: (with fixed spreads from 1.5 pips, leverage 1:30, Spread Stop/Limit Levels No Minimum (for Forex & Metals), no commissions);
- ICM Pro (no spreads, +$7 for entering the market, leverage 1:30);
- ICM capital demo account (unlimited).
For all types of accounts: Stop out level 50%, Deposit currency: USD, EUR, GBP or SGD. ICM capital account types «swap free » are provided for any investor, but on fairly stringent conditions and can be cancelled by a decision of the company without additional warning.
ICM capital broker supports both the popular ICM capital mt4 (MetaTrader 4) suite without additional features and the cTrader platform from Spotware Systems. There are mobile versions of MetaTrader 4 for Android/iOS, as well as an application for online trading ICM capital Web Trader. At ICM Capital, all customers can take advantage of automated trading.
Deposit and withdrawal
ICM capital works with bank transfers, Visa cards, and electronic payment systems Webmoney, Skrill, Neteller. The company cooperates with MasterCard® and develops its ICM Capital MasterCard® project (USD, EUR, GBP), which is associated with the client’s real trading account and is used to replenish the account and ICM capital withdrawal profit. ICM capital card has free round-the-clock online support and is freely accepted in the MasterCard Acceptance Mark retail chain.
The multilingual support service uses standard communication methods: ICM capital live chat, e-mail, ticket system, personal consultations. The response time to the request and the quality of service is average.
The educational activity is practically not carried out, a reference section on the site is present but very weak.
ICM Capital offers a standard set of trading tools (calculators, an economic calendar, ICM capital news), daily news releases, daily newsletters of analytics and signals from external providers such as Trading Central and also provides access to the Trading Central web portal and their indicator for MT4. Communication with social networks is weak and ineffective. No streaming news headlines on the trading platform.
Bonuses & Promos & Partnership
The company does not participate in active promotions. The broker offers ICM capital bonus credit 10% on each deposit up to $ 1,000. There is an ICM capital partners program under the IB Partner scheme, but in general, the company’s activities in this direction are ineffective.
Аnd look how well that turned out?
In our opinion, this company has occupied the top ten European brokers for many years only thanks to the British investment insurance system. ICM capital broker review showed that this company does not have any strong factors due to which it could attract and retain a professional trader.
Overall assessment from the point of view of the prospective client: 67.
You are free in your final choice and let it be the right one!