Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

ICM Capital Review

1 reviews
  • Deposit
  • Withdrawal

ICM Capital general information

Founded in: 2009 year
United Kingdom
Offices in the country:
China, Mauritius, United Arab Emirates, Singapore
Minimum Deposit: 200 $
Website: www.icmcapital.co.uk
Website languages: English, Arab, Spanish, Deutsch
Deposit currency: USD, EUR, GBP
Support languages:
English, Arab, Spanish, Chinese, Deutsch
Regulated by:
FCA (United Kingdom) license №520965
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, ECN accounts, Segregated accounts
Trust management: MAM
Affiliate program: 1

ICM Capital Forex broker description


  • Protection of Assets and Deposits: ICM Capital prioritizes the safety of its clients' funds by offering protection under the Financial Services Compensation Scheme (FSCS). This scheme provides an additional layer of security, ensuring that clients are eligible to receive compensation for their protected deposits in the event of insolvency. Traders can have peace of mind knowing that their assets and funds are well-protected with ICM Capital.

  • Affiliate Program: ICM Capital provides an affiliate program that allows traders to earn extra income by referring new clients to the broker. By becoming an affiliate, traders can leverage their network and earn commissions based on the trading activities of their referred clients. This program presents an opportunity for traders to supplement their trading profits and create a potential source of passive income.

  • Coverage of Bank Commission on Deposits: ICM Capital goes the extra mile by covering bank commission fees on deposits higher than $500. This feature helps traders save on transaction costs and ensures that more of their deposited funds are available for trading. By absorbing these fees, ICM Capital demonstrates its commitment to providing a cost-effective trading environment for its clients.

  • Islamic (Swap Free) and Demo Accounts: ICM Capital caters to a diverse range of traders by offering Islamic (Swap Free) accounts and demo accounts. Islamic accounts comply with Sharia principles by eliminating overnight swap charges, making them suitable for traders following Islamic finance principles. Demo accounts, on the other hand, allow beginners to practice and familiarize themselves with the trading platform and market conditions without risking real money. These account options provide flexibility and accommodate the unique needs of different traders.

  • Market Execution with No Requotes: ICM Capital implements market execution, ensuring that trades are executed at the best available prices in the market without requotes. This feature enhances the trading experience by providing fast and reliable order execution. Traders can enter and exit positions smoothly, taking advantage of market opportunities without delays or disruptions.


  • Maximum Leverage of 1:200: ICM Capital imposes a maximum leverage limit of 1:200. While this level of leverage may be sufficient for many traders, those seeking higher leverage ratios for their trading strategies may find this limitation restrictive. Traders with specific risk management preferences or advanced trading techniques might need to consider this restriction before choosing ICM Capital as their broker.

  • Absence of Deposit Bonus: Unlike some other brokers in the industry, ICM Capital does not offer deposit bonuses. Deposit bonuses are promotional incentives that some traders value as they provide additional funds to trade with. The absence of this bonus program at ICM Capital might be a drawback for traders seeking such offers as part of their trading experience.

  • Minimum Deposit is USD 200: ICM Capital requires a minimum deposit of USD 200 to open an account. While this minimum deposit might be within the means of many traders, those who prefer to start with smaller amounts or have limited initial capital may find this requirement relatively high. Traders on a tight budget or looking for lower entry barriers should consider this minimum deposit requirement before opening an ICM Capital account.

Unique Selling Points

ICM Capital, a reputable brokerage firm, stands out in the industry due to its unique selling points and features that cater to specific trading needs. Here are the top aspects that make ICM Capital an exceptional choice for traders:

  • Robust Regulatory Compliance: ICM Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring strict adherence to industry standards and providing traders with a secure and trustworthy trading environment. The broker's commitment to regulatory compliance instills confidence in traders, knowing their funds and investments are well-protected.

  • Wide Range of Tradable Instruments: ICM Capital offers a diverse selection of tradable instruments, including forex currency pairs, commodities, indices, and CFDs. This broad range allows traders to explore different markets and implement varied trading strategies, enabling them to diversify their portfolios and potentially maximize their profit opportunities.

  • Advanced Trading Technology: With access to industry-leading trading platforms such as MetaTrader 4 and cTrader, ICM Capital empowers traders with powerful tools and features to execute their trades efficiently. These platforms provide real-time market data, advanced charting capabilities, and a wide range of order types, equipping traders with the necessary tools for successful trading.

  • Exceptional Customer Support: ICM Capital prides itself on delivering exceptional customer support services. Traders can rely on a dedicated support team that is readily available to address their inquiries and provide prompt assistance. Whether through email, phone, or live chat, ICM Capital's customer support ensures a responsive and reliable support system for traders' needs.

  • Transparent Pricing and Competitive Spreads: ICM Capital offers competitive spreads on various trading instruments, enabling traders to minimize their trading costs. The broker maintains a transparent pricing structure, ensuring that traders have visibility into the costs associated with their trades and can make informed decisions.

  • Educational Resources: ICM Capital provides educational resources to support traders' learning and development. These resources may include educational articles, webinars, tutorials, and market analysis. By offering educational materials, ICM Capital aims to empower traders with the knowledge and skills necessary to enhance their trading performance.


ICM Capital was founded in 2009, with headquarters in the United Kingdom, with branch offices in China, Mauritius, United Arab Emirates, and Singapore. ICM Capital has grown to become a trusted name in the financial industry. As an esteemed brokerage firm, ICM Capital offers a wide range of trading services to cater to the diverse needs of traders worldwide.

ICM Capital has a strong regulatory framework, ensuring a secure trading environment for its clients. The broker is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK (registration number 520965), the Cyprus Securities and Exchange Commission (CySEC) (license number 185/12), and the Australian Securities and Investments Commission (ASIC) (AFSL number 426791). These regulatory licenses demonstrate ICM Capital's commitment to adhering to stringent financial standards and maintaining the highest level of client protection.

With a rich history, ICM Capital has continually evolved its services to meet the changing demands of the financial markets. The broker provides access to various financial instruments, including forex currency pairs, commodities, indices, and CFDs. Traders can use advanced trading technology, such as the popular MetaTrader 4 (MT4) and cTrader platform, known for its robust features and user-friendly interface.

In this ICM Capital review, we will explore the broker's trading conditions, account types, customer support, and other essential aspects that make it a preferred choice for traders seeking a reliable and feature-rich trading experience. 

Supported Countries

As a globally recognized broker, ICM Capital strives to provide a seamless trading experience to clients regardless of their geographical location. These include the United Kingdom, Cyprus, Australia, United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Qatar, Oman, Jordan, Lebanon, Egypt, South Africa, Malaysia, Indonesia, Thailand, Vietnam, China, India, Pakistan, Bangladesh, Nigeria, Kenya, Ghana, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Venezuela, Spain, Germany, France, Italy, Sweden, Norway, Denmark, Netherlands, Belgium, Switzerland, Austria, Poland, Czech Republic, Hungary, Portugal, Greece, Finland, Ireland, Russia, Ukraine, Turkey, Japan, South Korea, Singapore, and Hong Kong. 

ICM Capital does not support the United States, Afghanistan, Burundi, Central African Republic, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Lebanon, Libya, Mali, Myanmar (Burma), North Korea, Somalia, Sudan, Syria, and Yemen.

The supported languages include English, Arabic, Chinese (Simplified and Traditional), Spanish, German, French, Italian, Swedish, Russian, Ukrainian, Turkish, Japanese, Korean, Portuguese, Polish, Czech, Hungarian, Greek, Finnish, and Dutch.

Customer Service Rating

Trustpilot shows that the broker has a 3.0-star rating based on 21 reviews, including both positive and negative customer experiences. Additionally, on ForexSuggest, the ICM Capital review has a score of 4.5 stars out of 5. It is important to highlight both aspects to provide a balanced perspective.

Some negative reviews on Trustpilot indicate concerns raised by customers regarding the customer service provided by ICM Capital. These reviews serve as valuable feedback for the broker to identify areas for improvement. In response, ICM Capital has taken steps to enhance its customer service, such as expanding its support team, providing additional training to staff members, and focusing on improving response times.

It is worth noting that customer experiences can vary, and while negative reviews exist, it is essential to consider the overall positive rating received on ForexSuggest and Trustpilot. This indicates that many traders have had satisfactory experiences with ICM Capital's customer service.

ICM Capitals Trading Platforms

ICM Capital offers traders access to two powerful and widely recognized trading platforms: 

  • MetaTrader 4 (MT4): MetaTrader 4 is a renowned trading platform in the industry, known for its robust functionality and user-friendly interface. With MT4, traders can access a comprehensive suite of tools and features to analyze the markets, execute trades, and manage their positions efficiently. The platform offers a wide range of technical indicators, charting tools, and customizable trading strategies, empowering traders to make informed trading decisions. Additionally, MT4 supports automated trading through expert advisors (EAs), allowing traders to automate their strategies and execute trades automatically. With its stability, extensive functionality, and availability on various devices, including desktop and mobile, MetaTrader 4 remains a popular choice among traders.

  • cTrader: ICM Capital also offers the cTrader platform, designed to provide a seamless and efficient trading experience. cTrader is renowned for its user-friendly interface, advanced charting capabilities, and lightning-fast trade execution. The platform offers a comprehensive range of order types, including market orders, limit orders, stop orders, and more, enabling traders to implement their preferred trading strategies easily. cTrader also provides access to various technical indicators and drawing tools, empowering traders to conduct in-depth market analysis. The platform's intuitive design and customizable layout ensure that traders can personalize their trading environment to suit their preferences. Moreover, cTrader offers a transparent pricing model and competitive spreads, allowing traders to execute trades with optimal conditions.

Type of Trading Accounts

ICM Capital offers a variety of trading accounts to cater to the diverse needs and preferences of traders. Let's explore each type of trading account in detail:

  • Unlimited Demo Accounts: ICM Capital provides traders with the option to open unlimited demo accounts. These accounts are ideal for beginners and those looking to practice and familiarize themselves with trading platforms and strategies without risking real money. The demo accounts simulate real market conditions, allowing traders to gain valuable trading experience and test their strategies in a risk-free environment. With unlimited demo accounts, traders have the flexibility to experiment with different approaches and refine their trading skills before transitioning to live trading.

  • Standard Accounts: ICM Capital offers standard trading accounts designed for traders who prefer a traditional trading experience. These accounts typically have competitive spreads and provide access to a wide range of financial instruments, including forex currency pairs, commodities, indices, and selected CFDs. Standard accounts cater to both beginner and experienced traders, offering a balance between trading conditions and accessibility. Traders can take advantage of the various tools and features available on the trading platforms to execute trades and manage their positions effectively.

  • ECN Accounts: For traders seeking enhanced trading conditions and direct access to the interbank market, ICM Capital offers ECN (Electronic Communication Network) accounts. ECN accounts provide traders with access to deep liquidity and competitive pricing from multiple liquidity providers. This allows for tight spreads and fast execution speeds. ECN accounts are well-suited for experienced traders who require advanced trading features, including direct market access, transparency, and the ability to trade on a range of financial instruments with optimal trading conditions.

  • Segregated Accounts: ICM Capital also offers segregated accounts, which provide an additional layer of security for clients' funds. Segregated accounts ensure that traders' funds are kept separate from the broker's operational funds, enhancing the safety and protection of client deposits. This segregation of funds adds an extra level of reassurance for traders, as it minimizes the risk of funds being used for any purposes other than trading.

Trading Denominations

ICM Capital supports a wide range of currencies for both deposit and withdrawal transactions. Traders have the flexibility to transact in various major currencies such as USD, EUR, GBP, JPY, AUD, CAD, and CHF.  This diverse selection of currencies allows traders to conveniently deposit and withdraw funds in their preferred currency, reducing the need for additional conversions and facilitating seamless transactions.

Company Structure

ICM Capital is a well-established company structure that reflects its commitment to providing reliable brokerage services. Since its founding in 2009, the company has grown steadily and established a strong presence in the financial industry. With a robust team of dedicated professionals, ICM Capital continues to expand its operations and serve a growing client base.

The company takes pride in its talented workforce, comprising skilled individuals from various backgrounds and expertise. With a team of experienced traders, financial analysts, and support staff, ICM Capital is equipped to deliver comprehensive services to its clients. The company values the expertise and knowledge of its employees, fostering a collaborative environment that promotes innovation and excellence in the financial services it provides.

As part of its commitment to client satisfaction, ICM Capital recognizes the importance of having a well-staffed and efficient team. The company ensures that its employees receive training and development opportunities to stay up-to-date with industry trends and best practices. By investing in its workforce, ICM Capital aims to maintain a high level of professionalism and expertise, ensuring that clients receive top-notch service and support.

ICM Capitals Licenses and Regulatory Compliance

ICM Capital holds licenses and regulatory compliance from the following financial authorities:

  • Financial Conduct Authority (FCA) in the UK: Registration Number: 520965

  • Cyprus Securities and Exchange Commission (CySEC): License Number: 185/12

  • Australian Securities and Investments Commission (ASIC): AFSL Number: 426791

ICM Capital Customer Protection

ICM Capital offers the Financial Services Compensation Scheme (FSCS) to provide additional security for clients' assets and deposits. The FSCS protects eligible clients in the event of the company's insolvency, covering up to a certain limit per client. This safeguard ensures that clients' funds are segregated from the company's operational funds, further enhancing the security of their investments.

ICM Capital also employs advanced security protocols to protect clients' personal and financial information. Robust encryption technology and secure payment gateways are utilized to safeguard sensitive data, ensuring confidentiality and integrity during online transactions. Moreover, the company adheres to strict anti-money laundering (AML) and know-your-customer (KYC) procedures, verifying the identities of its clients and preventing fraudulent activities.

Trading Information

ICM Capital provides traders with comprehensive trading information to facilitate informed investment decisions. 

Tradable Instruments

  • Forex: 100+ currency pairs.

  • Commodities: Gold, silver, oil, and more.

  • Indices: Global stock market indices.

  • Cryptocurrencies: Bitcoin, Ethereum, and more.

  • Selected CFDs: Stocks, bonds, and more.

Leverage on ICM Capital

ICM Capital provides flexible leverage options to cater to the needs of different types of traders. The broker offers maximum leverage of 1:30 for retail clients, adhering to the regulatory requirements set by financial authorities. This leverage allows retail traders to amplify their trading positions while managing their risk effectively. ICM Capital also provides a higher leverage option of 1:500 for professional clients who meet certain eligibility criteria and demonstrate sufficient trading experience and knowledge. The higher leverage enables professional traders to enhance their trading opportunities and capitalize on market movements potentially. It is important to note that while leverage can magnify profits, it also carries the risk of increased losses, and traders should exercise caution and proper risk management when utilizing leverage.

Deposits and Withdrawals


When it comes to depositing funds into your ICM Capital trading account, the broker offers various convenient and secure methods. The following table provides an overview of the available deposit methods, minimum deposit requirements, and estimated processing times:


Minimum Deposit    

Processing Time

Bank Wire Transfer


1-5 business days




Credit/Debit Cards






China UnionPay




ICM Capital ensures hassle-free withdrawals, allowing you to access your funds conveniently. Here are the available withdrawal methods, minimum withdrawal amounts, and estimated processing times:


Minimum Withdrawal    

Processing Time

Bank Wire Transfer


2-7 business days



2-5 business days

Credit/Debit Cards


1 business day



1 business day

China UnionPay


2-5 business days

Please note that the minimum deposit and withdrawal fee may vary based on the chosen payment gateway. The processing times provided are estimates and may be subject to certain factors or delays beyond ICM Capital's control. 

ICM Capital Trading Education and Training

  • Comprehensive Learning Resources

  • Market Analysis Tools

  • Trading Strategies

  • Personalized Support

  • Demo Trading Accounts


  • Is ICM Capital Trading a scam?

ICM Capital is not a scam. It is a legitimate forex broker regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulations provide added assurance of ICM Capital's credibility and commitment to maintaining a fair and transparent trading environment.

  • How to Open an ICM Capital Trading Account?

To open an account with ICM Capital, you must be at least 18 years old and a resident of a country where the company is licensed to operate. You can open an account online by following these steps:

  • Go to the ICM Capital website and click on the "Open Account" button.

  • Provide some basic information, such as your name, address, and email address.

  • Choose a trading platform and deposit funds into your account.

  • Is U.S Client accepted at ICM Capital?

US clients are not accepted at ICM Capital. The company is not licensed to operate in the United States.

  • What are ICM Capital working hours?

ICM Capital is open 24 hours a day, 5 days a week. However, trading hours may vary depending on the asset you are trading. Here are the trading hours for some of the most popular assets:

  • Forex: 24 hours a day, 5 days a week

  • Stocks: 9:30 AM to 4:00 PM EST, Monday through Friday

  • Commodities: 7:00 AM to 1:00 PM EST, Monday through Friday

  • Cryptocurrencies: 24 hours a day, 7 days a week


ICM Capital is a well-established brokerage firm that offers a range of services and features to traders worldwide. Founded in 2009, the company has grown to become a trusted name in the industry. With its strong regulatory compliance, including licenses from the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Australian Securities and Investments Commission (ASIC), clients can have confidence in the security and integrity of their funds.

ICM Capital provides a user-friendly trading experience through its MetaTrader 4 and cTrader platforms, offering market execution with no requotes. The broker caters to various trading account types, including demo accounts, standard accounts, ECN accounts, and segregated accounts. Traders can benefit from a wide range of tradable instruments, including forex pairs, commodities, indices, and cryptocurrencies.

With a focus on customer satisfaction, ICM Capital offers multilingual customer support and a strong commitment to addressing any issues or concerns. While there may be some mixed reviews regarding their customer service, the broker has taken steps to improve and provide a better trading experience. Overall, ICM Capital aims to meet the diverse needs of traders, providing them with the necessary tools, education, and support to navigate the financial markets effectively.

Trading accounts of ICM Capital

  • ICM Direct
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 200 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Number of currency pairs: 32
Amount of assets : 49
  • Promotions
  • Futures
  • Indices
  • Products
  • Gold
  • Silver
Energy sources1:100
  • Oil
  • Gas
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
VIP Account:
Spread type:
Decimal places:
5 characters
Phone trading:

Contacts of ICM Capital

Великобритания , ЛондонFrederick's Place, 4B
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+44 207 634 9770Телефон штаб-квартиры
Объединенные Арабские Эмираты , ДубайBay Square, Business Bay, Building 3
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+971 4 429 4500Локальный телефон
Китай , ШанхайNanjing West Road, 580
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+86(0)2160731520Локальный телефон
Маврикий , Ebene MauritiusCybercity, Ebene Tower
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+230 4 681 905Локальный телефон

Recent customer reviews of ICM Capital

Gupta 01 July 2020

Advantages: fast support, great trading conditions

Disadvantages: none so far

Comment: I joined ICM 2 months ago. Apart from competitive yet affordable trading conditions, what I really like about ICM is their support’s ability to respond to client requests and inquiries in a timely manner. This is rare nowadays. I also like their free market analysis posted on their website regularly. It’s been a happy 2 months so far.


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.