ICM Capital
About ICM Capital
ICM Capital is a brokerage firm established in 2009 in the United Kingdom. It operates under the regulation of the Financial Conduct Authority and is backed by the UK Treasury.
Russian traders have the option to create an account with ICM Capital; however, the company does not have physical offices in the country. Clients can initiate contact with the company through the provided details on the main website.
Trading Conditions Offered by ICM Capital
ICM Capital presents traders with the choice of both live and demo accounts. While there are no bonuses available, the brokerage offers a partnership program for interested individuals.
Trading activities are facilitated through the MetaTrader4 platform, which is compatible with both PC and mobile devices.
The broker equips traders with various tools, including calculators, economic calendar insights, and news updates. The minimum deposit required is $100, with spreads commencing at 1.6 points. Account currencies supported are USD, EUR, and GBP.
Types of Trading Accounts at ICM Capital
Traders can opt between two account types:
- ICM Direct: Leverage of 1:30. It supports Forex, metals, futures, and CFD trading without any commission charges.
- ICM Zero: Commission per trade is $7. Trading options include futures, CFDs, metals, and Forex.
Registration and Personal Account Setup at ICM Capital
The registration process involves completing a standard form with details such as name, phone number, email address, and country of residence. Verification is mandatory post-registration.
For verification purposes, traders are required to upload a photo of an identity document displaying their address.
Depositing and Withdrawing Funds with ICM Capital
ICM Capital accepts bank transfers, with the processing time contingent on the respective bank. Additionally, deposits and withdrawals can be made via Visa and Mastercard cards, as well as through WebMoney.
Concluding Thoughts on ICM Capital
Operating since 2009, ICM Capital offers traders a diverse range of assets. The website is currently only available in English, and the company alerts users about external links. Seeking guidance from a financial expert is recommended for traders considering engaging with ICM Capital.
This review has been prepared by the specialists at ExpertsReview.
I am extremely disappointed with my experience with ICM Capital. The customer service was abysmal as my queries were never answered promptly. The platform is rife with technical glitches and is not user-friendly at all, which affected my trading operations severely. I also had a difficult time withdrawing my funds due to their complex and time-consuming process. Hidden charges were also an issue that plagued my experience with them. Overall, I would not recommend ICM Capital to anyone looking for a reliable and efficient trading platform.