ICM Capital
Published: Updated:
- Trust score
- 7/10
- Legal simplicity
- 4/10
- Min. deposit
- 0
- Payment systems
- Instruments
- Forex, Metals, Indices, Energies, Commodities, Cryptocurrencies
- Legal entity
- ICM Capital Limited
- Jurisdiction
- United Kingdom
- Fees
- Standard accounts carry the cost in a marked-up spread with no commission; raw-spread accounts charge a commission per lot. Overnight swaps apply, with swap-free accounts available on request.
- Withdrawals
- Withdrawals return to the funding method and are typically processed within one to two business days. Card returns are capped at the deposited amount; the remainder is paid by bank transfer.
- Available in
Features
- Seminars and trader training
- Daily market analysis
- No minimum deposit
- Copy trading
- Islamic (swap-free) accounts
- Deposit bonuses
- Segregated client funds
- ECN-style accounts
- Affiliate program
- Wide selection of trading instruments
Pros
- No advantages listed.
Cons
- No drawbacks listed.
ICM Capital is a forex and CFD broker founded in 2009 and headquartered in London, regulated across multiple jurisdictions including the UK and Cyprus. It runs a No Dealing Desk (NDD) model with ECN technology, giving traders access to over 130 instruments spanning forex, metals, indices, stock CFDs, and commodities via MetaTrader 4, MetaTrader 5, and cTrader. Two live account types are available: ICM Direct, with spreads from 1.3 pips and no separate commission, and ICM Zero, with ECN pricing from 0 pips plus a per-lot commission.
ICM Capital is a London-founded forex and CFD broker offering MT4, MT5, and cTrader with no minimum deposit, ECN-style pricing, and Islamic swap-free accounts.
Overview
ICM Capital is a forex and CFD broker founded in 2009 and headquartered in London. It uses a No Dealing Desk (NDD) model with market-maker elements, giving traders access to more than 130 instruments through MetaTrader 4, MetaTrader 5, and cTrader.
Business model and execution
ICM Capital combines NDD execution with ECN technology and direct feeds from top-tier banks, supporting spreads from 0 pips, deep liquidity, and fast order fills with few requotes. From its London base, the broker has expanded into Africa, South America, and the Asia-Pacific region.
Regulation and client protection
ICM Capital holds licenses in several jurisdictions:
- UK: Financial Conduct Authority (FCA)
- EU: Cyprus Securities and Exchange Commission (CySEC)
- Saint Vincent and the Grenadines: Financial Services Authority (FSA)
- Malaysia: Financial Services Authority (FSA)
- Mauritius: Financial Services Commission (FSC)
Client funds are held in segregated accounts, and the broker carries civil liability insurance of up to £5 million. UK clients are additionally covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if the broker becomes insolvent.
Leverage and account types
Maximum leverage is 1:30 for clients trading under the European entity and up to 1:200 for clients trading under ICM Capital's international entities. Two live account types are available:
- ICM Direct: spreads from 1.3 pips on EUR/USD, no separate commission
- ICM Zero: ECN-style pricing with spreads from 0 pips plus a $7 commission per lot
Islamic swap-free accounts and a demo account are also available.
Platforms and instruments
Traders can use MT4, MT5, or cTrader on desktop, web, and mobile. The instrument range covers forex pairs, metals, stock CFDs, indices, and commodities, with support for scalping, automated (EA) trading, copy trading, and trading signals.
Deposits, withdrawals, and other features
There is no minimum deposit, so traders can open an account with any amount. ICM Capital charges no withdrawal fee but applies an inactivity fee. Additional features include VPS hosting, deposit bonuses, and an affiliate program.
Key facts
| Broker name | ICM Capital |
|---|---|
| Year founded | 2009 |
| Headquarters | London (United Kingdom) |
| Regulation | FCA, FSA, FSC |
| Trading platforms | MT4, MT5, cTrader |
| EUR/USD spread | From 1.3 pips |
| Demo account | Yes |
| Minimum deposit | $0 |
| Base currency | USD, EUR, GBP, SGD |
| Maximum leverage | 1:200 |
| Assets | Currency pairs, indices, metals, commodities, stocks |
| Deposit methods | Bank transfer, debit/credit card, Skrill, Neteller, China UnionPay |
| Withdrawal fee | No |
| Inactivity fee | Yes |
| Islamic accounts | Yes |
| Segregated accounts | Yes |
| Affiliate program | Yes |
| Scalping | Yes |
| Automated trading | Yes |
| Mobile trading | Yes |
| Web terminal | Yes |
| Social trading | Yes |
| Trading signals | Yes |
| VPS | Yes |
| Deposit bonuses | Yes |
| Contests | No |
| 24/7 support | No |
Trading conditions
ICM Capital offers Standard and raw-spread accounts on MetaTrader 4, MetaTrader 5 and cTrader. The cTrader availability matters for order-book visibility and for traders who prefer its order handling to MetaTrader's.
The UK entity operates under FCA rules with 30:1 retail leverage on major currency pairs, negative balance protection and client money held under FCA client asset rules with FSCS cover for eligible claims. Offshore entities in the group apply different terms, and the client agreement names the one that applies.
Hedging, scalping and automated strategies are permitted across account types.
Verification
Verification requires photo ID and a recent proof of address, with an appropriateness assessment on the FCA and CySEC entities. Review usually takes one business day.
Clients of the UK entity have client money held under FCA client asset rules and eligible claims covered by the Financial Services Compensation Scheme up to £85,000, which is the substantive difference between the UK company and the group's offshore alternatives.
