ICM.com

ICM, legally known as ICM Capital Limited, is a forex and CFD broker established on 8 September 2017. The company is registered at Level 30, 122 Leadenhall Street, London EC3V 4AB, United Kingdom, though its operational focus is offshore. ICM offers trading on a range of instruments, including forex, US stocks, precious metals, index futures, energy futures, and cryptocurrency CFDs, with leverage up to 1:200 and spreads from 0.0 pips.

According to its company description, ICM provides services through the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. The broker does not accept clients from the USA, North Korea, or China, and it positions itself as an accessible option for traders in other regions, particularly those in Asia and Europe.

ICM holds two regulatory licenses, according to the data on file. The first is from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates, where it is licensed as an 'Inst Forex Execution (STP)' firm with the status 'Regulated'. The second is from the Seychelles Financial Services Authority (FSA), where it holds a 'Derivatives Trading License (EP)' with the status 'Offshore Regulation'.

These licenses indicate that ICM operates under both a financial freezone regulator and an offshore regulator. While the ADGM license is generally considered reputable, the Seychelles FSA license is often viewed as a lower-tier offshore regulation. Traders should be aware that the level of investor protection may vary between these jurisdictions.

ICM offers three main account types to cater to different trading styles. The CENT account is designed for beginners or those who prefer to trade smaller sizes, providing access to Forex, Metals, Oil, Spot, and Crypto instruments with a maximum leverage of 1:200. The ICM Zero account is aimed at traders who want tighter spreads, offering Forex, Metals, Futures, Shares, and Cash CFDs, with a commission of $7 per round lot. The ICM Direct account is a standard account that also covers Forex, Metals, Futures, Shares, and Cash CFDs, with no commission specified.

For all account types, the minimum deposit and minimum spread are not disclosed in the available data. Leverage is capped at 1:200 across the board, which is relatively moderate compared to some offshore brokers that offer higher leverage.

ICM supports three widely used trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are known for their advanced charting tools, automated trading capabilities, and user-friendly interfaces. Traders can access a variety of instruments, including forex pairs, metals, futures, shares, and cash CFDs, as well as cryptocurrencies and energy futures.

The broker advertises spreads from 0.0 pips, which is attractive for scalpers and high-frequency traders, though the actual spreads may vary depending on market conditions and account type. The availability of multiple platforms gives traders flexibility in choosing their preferred trading environment.

The specific deposit and withdrawal methods offered by ICM are not disclosed in the available data. However, based on user reviews, it appears that the broker supports methods such as Webmoney, bank transfers, and possibly credit/debit cards. Some reviewers have mentioned making deposits via Webmoney, indicating that e-wallets are accepted.

Withdrawal processing times and fees are also not clearly stated. Given the mixed feedback on withdrawals, potential clients should carefully review the broker's terms and conditions and consider testing with a small amount before committing larger funds.

ICM may appeal to traders who are comfortable with offshore regulation and are looking for a broker that offers a range of instruments and platforms. The availability of MT4, MT5, and cTrader makes it suitable for both manual and algorithmic traders. The leverage cap of 1:200 is reasonable for most retail traders.

However, due to the negative reviews regarding withdrawals and customer support, ICM may not be suitable for traders who prioritize quick and reliable fund access. It is essential for potential users to conduct thorough due diligence and consider the risks associated with offshore brokers before opening an account.