ICM Brokers Review
Based in Kingstown, Saint Vincent and the Grenadines, ICM Brokers is a brokerage firm that gives traders access to several financial markets, including forex, metals, futures, options, and CFDs. They provide traders with the MT4 trading platform, which is available in desktop, web, and mobile versions. There are various learning resources, useful trading tools, and a responsive client support team to assist traders. The minimum deposit required to start trading is $300.
ICM Brokers Review, Pros & Cons
- User-friendly MT4 trading platforms
- Educational resources
- Trading tools
- Multiple financial markets
- Unregulated brokerage firm
- Minimum $300 deposit
- Not the tightest spreads
- No MetaTrader 5 platforms
- No USA clients
In this detailed ICM Brokers review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ICM Brokers Overview
ICM Brokers is a financial institution that specializes in online execution and clearing services for retail and institutional investors. They offer multiple financial instruments for online trading via the popular MT4 trading platform. The broker provides traders with various trading resources, whilst offering competitive trading conditions, such as multiple account types, various payment methods, leverage of up to 1:400, spreads from 0.5 pips, and more.
ICM Brokers Regulation
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
ICM Brokers Countries
The broker offers its services to residents of countries and jurisdictions where the use of such services would not be contrary to any local laws or regulations.
Some ICM Brokers features and products mentioned within this ICM Brokers review may not be available to traders from certain countries because of legal restrictions.
ICM Brokers Platforms
The broker provides traders with the MetaTrader 4 platform, an advanced trading platform that is designed to suit traders of all levels. The platform features a user-friendly interface to suit all levels of traders. Other essential features of the MT4 trading platform are one-click executions, stop and limit orders, over fifty technical indicators, up to three separate chart types, support for the automation of trades using expert advisors, and more. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers; a web version that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile app that is compatible with smartphones running on Android and iOS. The mobile app allows traders to place and monitor their trades while on the move.
ICM Brokers Trading Tools
In addition to the built-in tools of the MT4 trading platform, traders are provided with a selection of useful standalone trading tools to help them get the most out of their trades. These tools include technical analysis and an economic calendar that shows the schedule of future market events along with their expected impacts on the financial markets.
ICM Brokers Education
The broker’s website contains various educational resources — learning articles, glossaries, news, daily & weekly reports, and more — to help traders make knowledgeable trading decisions.
ICM Brokers Instruments
The broker offers the following financial markets: forex, metals, futures, options, CFDs, and more.
ICM Brokers Accounts & Fees
The broker offers a choice of three live trading account types: Micro/Standard, Prime, and professional Account. They allow access to the MT4 trading platform and offer leverage of up to 1:400. The minimum deposit required to start trading is $300.
As broker fees can vary and change, there may be additional fees that are not listed in this ICM Brokers review. It is imperative to ensure that you check and understand all of the latest information before you open an ICM Brokers broker account for online trading.
ICM Brokers Support
The broker offers a professional customer support team who are always available and can be contacted via telephone, email, social media, and Live Chat.
ICM Brokers Deposit & Withdrawal
The following payment methods are accepted for both account deposits and withdrawals at ICM Brokers:
- Bank wire transfers
- Credit/Debit cards: Visa, Mastercard, and Maestro
- Electronic payment processors, such as Neteller, Skrill, and PayPal
ICM Brokers Account Opening
To open an account, click on the ‘Open Live Account’ button on the homepage of the broker’s website and fill in the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
ICM Brokers Summary
ICM Brokers is a multi-asset brokerage firm that operates from Kingstown, Saint Vincent, and the Grenadines. They allow clients to trade multiple financial instruments via the MT4 trading platform whilst providing them with the right resources and trading conditions to ensure a seamless trading process. The broker is not regulated by any known financial authority at the moment.
Transactions in spot foreign exchange, spot metals, exchange, and non-exchange derivative contracts carry a high degree of risk. Leveraged trading products require a small initial margin relative to the value of the contract. You may sustain a total loss of initial margin funds and additional funds deposited with the Company to maintain your position. Before deciding to trade, you need to ensure that you understand the risks involved in conjunction with your investment objective and experience. Placing of certain orders that are intended to limit losses may not always be effective due to hectic market conditions or technological limitations that may make it impossible to execute such orders.