ICM Capital

Official website Open account




MT4, MT5, cTrader, WebTrader



  • Seminars and training
  • Daily analyst
  • Low initial deposit
  • Copy trades
  • Islamic accounts
  • Bonus for replenishment
  • Segregated accounts
  • ECN-accounts
  • Affiliate program
  • Wide selection of trading instruments


  • The broker has no advantages.


  • The broker has no flaws.


Overview of ICM Capital


ICM Capital, an established Forex and CFD broker, has carved a niche in the financial trading landscape since its inception in the United Kingdom. Widely recognized in the trading community, it is regulated across multiple jurisdictions. The platform offers a wide array of over 130 trading instruments accessible via the renowned MetaTrader 4 and newly introduced MetaTrader 5, alongside a professional cTrader platform.

Business Model Insights

Founded in 2009, ICM Capital has expanded its footprint globally, with offices spanning from London to various continents, including Africa, South America, and the Asia-Pacific region. The broker’s backbone is its No Dealing Desk (NDD) model, combined with market maker attributes. This approach allows ICM Capital to offer highly competitive spreads starting from 0 pips, thanks to its integration with top-tier banks and ECN technology. This setup ensures robust liquidity and swift execution speeds, minimizing requotes in the process.

Regulatory Compliance and Client Protection

ICM Capital’s commitment to regulatory compliance is evident in its diverse global registrations:

  • UK: Registered and regulated by the Financial Conduct Authority (FCA).
  • EU: Licensed by the Cyprus Securities and Exchange Commission (CySEC).
  • Saint Vincent and the Grenadines: Regulated by the Financial Services Authority (FSA).
  • Malaysia: Overseen by the FSA.
  • Mauritius: Regulated by the Financial Services Commission (FSC).

Client protection is a priority for ICM Capital. The broker has insured its civil liability up to £5 million, safeguarding against various financial risks. Client funds are segregated, ensuring their protection and proper use. Additionally, UK clients benefit from the Financial Services Compensation Scheme (FSCS), offering up to £85,000 coverage in case of the broker’s insolvency.

Leverage and Account Types

ICM Capital’s leverage offering varies by region:

  • European Traders: Maximum leverage up to 1:30.
  • International Traders: Leverage up to 1:200.

The broker offers two main account types:

  • ICM Direct: Spreads from 1.3 pips on EURUSD, no separate commissions.
  • ICM Zero: ECN trading with spreads from 0 pips, $7 commission per lot.

Islamic swap-free accounts and risk-free demo accounts are also available.

Trading Platforms and Instruments

ICM Capital supports MT4, MT5, and cTrader platforms. Traders have access to a variety of instruments including Forex pairs, metals, stock CFDs, indices, and commodities.

Minimum Deposit and Other Features

There is no minimum deposit requirement, allowing traders to start with any amount. Other notable features include:

  • Scalping and automated trading support.
  • Mobile and web trading options.
  • Social trading and trading signals.
  • VPS and deposit bonuses available.
  • No withdrawal fees; however, there’s an inactivity fee.

Concluding Remarks

ICM Capital has garnered awards and recognition over its operational tenure, reflecting its commitment to trading excellence. While its spreads and commissions are competitive, traders are advised to review ICM Capital thoroughly and compare it with other top Forex brokers on Trade Forex’s curated list before making a decision.

General Information of ICM Capital

Broker Name ICM Capital
Year of Foundation 2009
Headquarters London (United Kingdom)
Regulation FCA, FSA, FSC
Trading Platforms MT4, MT5, cTrader
EURUSD Spread 1.3 points
Demo Account Yes
Minimum Deposit $0
Base Currency USD, EUR, GBP, SGD
Maximum Leverage 1:200
Assets Currency pairs, indices, metals, commodities, and stocks
Deposit Methods Bank Transfers, Debit/Credit Cards, Skrill, Neteller, China UnionPay
Withdrawal Fee No
Inactivity Fee Yes
Islamic Accounts Yes
Segregated Account Yes
Affiliate Account Yes
Scalping Yes
Automated Trading Yes
Mobile Trade Yes
Web Terminal Yes
Social Trading Yes
Signals Yes
Deposit Bonuses Yes
Contests No
24/7 Support No

This comprehensive overview aims to guide both novice and seasoned traders in making an informed decision about ICM Capital as their potential trading partner.

ICM Capital