ICM Capital Review

Up to 200:1
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Company Information ICM Capital is a London, UK based forex trading broker that was established in 2009. It also offers CFD’s, oil, indices and silver&gold training. The company is a… more

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BrokerICM Capital
Website URLhttp://www.icmcapital.co.uk/
HeadquartersLondon, United Kingdom
Support Number+44 207 634 9770
Support Emailclientservices@ICMCapital.co.uk.
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic, Chinese, Spanish, Taiwanese
Minimum 1st Deposit$200
Minimum Trade Amount0.01 lots
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesICM Standard, ICM Direct
Deposit MethodsICM Capital prepaid MasterCard® card, Bank Transfer
Withdrawal MethodsICM Capital prepaid MasterCard® card, Bank Transfer
Types of AssetsForex, Metals, Futures, Shares
Account CurrencyEUR, AED, SGD, PLN, USD, SAR, MUR, KWD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

ICM Capital is a London, UK based forex trading broker that was established in 2009. It also offers CFD’s, oil, indices and silver&gold training. The company is a brand owned by IMC Capital Ltd., which is part of the ICM Holding SARL. They have already established several offices in Singapore, China, Mauritius, and UAE. The company’s transparency and high-security standards are proven by the FSA license they have. The fact that they are authorized by these authorities ensures that they have a minimum of €730 000 net tangible assets and have to separate their funds from that of clients’. A Financial Services Compensation Scheme (FSCS) provides additional security to the customers funds if the broker becomes insolvent. With all that being said, ICM Capital has over six years of experience in the forex trading industry and is a safe choice for every trader. They offer great trading opportunities and have excellent customer support.


Trading Information

Currently, ICM Capital offers two types of accounts: the ICM Standard and the ICM Direct. Both of them have a minimum deposit requirement of $200. While the similarities are a lot (same leverage 1:500, same trading instruments, same minimum lot size, etc.), there are a lot of differences between the two. For example, the ICM Standard account is available only to clients outside Europe and China. The ICM Direct account options are available globally. For the ICM Standard, you have stop/limit levels that are dependent on certain contract specifications (there is a list on their website with all the details about currencies and fixed spreads). The Direct account has no limits for Forex and Metals. However, it doesn’t give the option of a swap-free account while the Standard one has it by default. Credit bonuses are available only for the Standard account. Both accounts offer expert advisors, mobile trading, charts, fifth decimal and SMS updates.


Trading Platforms

ICM Capital offers the most popular Metatrader 4 platform as their primary selling tool. It’s not surprising they have chosen this one as it’s the most famous in the world and over 70% of brokers use it. It has great language support, news feed, customizable charts and many other tools that will make your trading experience hassle free. With a lot of years already behind it, it’s a proven and familiar platform for many beginner and expert traders. The reasons why many people think it’s outdated are the older graphics and the need for download and installation. But, here ICM Capital have taken it to the next level and have proved a WebTrader version where you only need an internet connection to start your trading experience. Otherwise, the MT4 works both on Mac and Windows and is available for iPhone, iPad, and Android.


Security and Customer Services

We’ve already mentioned the level of security provided by ICM capital in our intro, but there is something else that needs to be pointed out. The implementation of the SSL protocol in the clients’ area page protects all personal data and makes it available only to the company’s employees. As far as customer support is concerned things are better than most of their competitors. While the website is translated in four languages only, there is support for more than ten languages including Urdu and Hindi. Contacting the company’s representatives is easy, and there are more than four client support methods available. You can contact them on their international and domestic phone numbers, send an email, request a callback or visit their physical offices. Alternatively, you can use their Live Chat support system. Response times are 24/5 and usually are quick, but some people have reported waiting two days for a response.


Deposits and Withdraws

Depositing money into your ICM Capital account is easy, and there are many payment methods available. As we’ve already mentioned the minimum deposit for both types of accounts is $200. The company offers special treatment to people who make an ICM Mastercard. You will have 24/7 customer support; your account funds are connected directly to your card, and you withdraw money from ATMs or buy products from stores. Other credit and debit cards are also accepted and with digital wallets, are usually the fastest method to make a deposit. There is no transaction fees mentions for deposits. Withdrawing money requires filing a withdrawal form. Usually, you can use the method you deposited the funds. Processing times are relatively quick (3-5 business days) and there are no mentioned withdrawal fees.


Deposit Bonus and Loyalty Programs

ICM Capital is well-known for its great offers and bonuses. The current bonus is up to $1000 on every new deposit. It is a 10% bonus on every amount of $2000 or above. So, to squeeze out the total bonus you’ll need to deposit $10 000. A lot of exciting offers await you in the Championship where you can find Demo and Live championships. In the demo section, you can find challenges with over $5000 of prizes. And at the Live Championships, you can get up to 30% trading bonus on your deposits. There are different leagues and registration requirements that you’ll want to check out. Currently, there are none, but from the looks of it, they’re renewed every 1-2 months. Additionally, there are tempting partnership programs that can help your business grow. Referring clients to the platform will give you a lot of trading benefits and bonuses.

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