Review ICM.com
https://www.icm.com/ Headquarters in United Kingdom Open Demo Account Open Live Account BEGIN item ContentsPros and ConsRegulationAccount TypesTrading PlatformsAssetsEducationCustomer ServiceConclusion
ICM.com also known as ICM Capital (up until 2018) is a UK-based global multi-regulated financial service provider that offers access to a diverse range of trading products for retail and institutional clients, including forex, commodities, stocks, indices, CFDs, futures, and cryptocurrencies.
The ICM.com brand was initiated in December 2009 in the London, United Kingdom and has expanded rapidly worldwide to cater for both retail and institutional clients globally with more than 18 local offices in Europe, Asia, Latin America, Middle East, and other regions.
The ICM.com brand is authorised and regulated in various jurisdictions around the world: Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority of Saint Vincent and the Grenadines (FSA), Financial Services Commission in Mauritius (FSC Mauritius), Association Romande des Intermediaries Financiers (ARIF) in Switzerland, and Labuan Financial Services Authority (Labuan FSA).
Clients can be confident with investing through ICM.com as they offer superior trading conditions, low spreads, ultra-fast execution, and flexible leverage (terms and conditions apply), using award-winning platforms including: MetaTrader 4, MetaTrader 5, ICM Securities, and cTrader.
The ICM.com brand was previously known as ICM Capital up until 2018 when it was rebranded to ICM.com to represent all of the firm’s group entities under one brand and unveiled a new logo. Since then, the new brand became the global face for the broker as it continues its expansion into new markets.
Throughout its history, ICM.com has signed some notable sports sponsorship deals such as the sponsorship of the Nottingham Forest Football Club (NFFC), official sponsorship of the England Polo Team, and sponsor of Premier League teams Fulham FC and Newcastle United FC. ICM.com was also the sponsor of World Cycling Revival Festival, held in London UK, which marked the 200th anniversary of the bicycle.
ICM.com has chosen to help make a positive difference in the world through its Corporate Social Responsibility (CSR) initiatives. As a member of the FX Charity Foundation, ICM participated in Xiangxi Aide et Action (China) in 2016. Aide et Action International South Asia provides support to local actors for the implementation of their projects on diverse programmes related to education, early childhood care and education, Livelihood Education for excluded youth from poor and marginalized sections, health, environment, social cohesion, inclusion of the girl child, and other community-based programmes.
Another youth-focused initiative was ICM’s generous donation of craft supplies and creative products for the 6-week summer programme in 2020, catered towards children aged 4-13 years, in partnership with the UK organisation, Sands End Associated Projects in Action (SEAPIA).
ICM also collected and distributed food baskets to less fortunate families in the UAE in 2017, to enhance Ramadan festive experience, with the help of Tarahum Charity Foundation.
One of the key services that ICM provides, is its free educational resources and training seminars, both online and in-person, available for anyone looking to learn trading strategies and navigation of trading tools, to help them become professional traders. As part of its CSR missions, ICM also gave a training session to finance and investment students at the ‘Rochester Institute of Technology’ (RIT) in Dubai, covering the basics of trading, technical and fundamental analysis.
ICM.com Pros and Cons
Pros
Global broker with multiple regulationsAvailability of most popular trading platforms: MetaTrader4, MetaTrader5, cTraderSegregation of client’s fundsTight variable spreads with no swaps
Cons
Demo account expires after 30 daysCitizens and residents of the U.S. not accepted as clients
Broker Regulation
ICM Capital Limited (United Kingdom) authorised and regulated by the Financial Conduct Authority (FCA) Register Number: 520965.ICM Capital Limited (Saint Vincent) is incorporated in Saint Vincent and the Grenadines and regulated by the Financial Services Authority of Saint Vincent and the Grenadines under Number: 23683 IBC 2016.ICM Trader Limited, operating under the trading name ICM Capital APAC, is registered in Labuan, Malaysia and regulated by the Financial Services Authority of Labuan under License Number: MB/18/0029.ICM Capital (Mauritius) Limited, is registered in Mauritius, and regulated by the Financial Services Commission, Mauritius (FSC Mauritius) under License Number: C118023357.Charlgate Limited, operating under trading name ICM Capital EU, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySec) as a Cyprus Investment Firm with License Number 367/18.
ICM Group expanded beyond brokerage services to include full-fledged financial services:
ICM House AG, incorporated in March 2019, is based in Zug, Switzerland and holds a financial intermediary license and is subject to the supervision of ARIF (Association Romande des Intermediaries Financiers), under registration number CHE-497.911.976, which is a body approved by Swiss Financial Market Supervisory Authority (FINMA).ICM House KB, incorporated in March 2020, is based in Stockholm, Sweden, is a company duly registered under the laws of Sweden and is registered as a regulated trust management provider under the Prevention of Money-Laundering and Terrorist Financing Act 2017:630 and under supervision by the County Administrative Board of Stockholm with registration number 969792-7961.ICM LLC, incorporated in March 2020, is based in Qatar and provides management office activities related to business development, marketing and intra-group support services.
Account types
ICM.com provides two specific account types for its clients. The first is the ICM Direct account, and the other is the ICM Zero account. The primary difference between these two account types are spreads and fees.
The ICM Direct account provides ECN execution with variable spreads that begin at 1.3 pips for EUR/USD. There are no commissions involved in the ICM Direct account. By contrast, the ICM Zero account has lower spreads (from 0.2) spreads.
U.K. and E.U. clients operating under FCA license can benefit from ICM Elective Professional account that offers a flexible leverage of up to 1:200.
ICM.com has made additional efforts to safeguard its liabilities to its clients and other third parties with a Civil Liability Insurance Programme for up to £5,000,000.
Trading Platforms
ICM.com provides its clients with a wide selection of platforms for trading. These include MetaTrader 4, MetaTrader 5, cTrader, and the proprietary ICM Securities platform.
MetaTrader 4
Known as possibly the most popular trading platform ever, MetaTrader 4 has been in use for nearly two decades and continues to dominate the forex trading scene. The MT4 platform is highly regarded for its diverse technical analysis facility, one-click trading and ability to run forex robots. The platform can be customized to suit your preferences and is made easy to use for traders. MT4 is available for Windows P.C.s, for mobile devices, and as a web-based platform.
MetaTrader 5
MetaTrader 5 is the next generation of MetaTrader platforms and was designed with CFD trading in mind. MetaTrader 5 is a market-leading platform for trading forex, analyzing financial markets and using expert advisors. Mobile trading, trading signals and the market are integral features of MetaTrader 5 that enhance your forex opportunities, creating a seamless and integrated experience for traders at all levels. MT5 is available for Windows P.C.s and for mobile devices, and as a web-based platform.
cTrader
cTrader is an independent trading platform developed for trading foreign exchange and products based on futures contracts. It has helped countless traders within the industry and is considered an innovative trading platform designed for the 21st century. The cTrader platform is highly regarded for its diverse technical analysis and the ability to run cTrader forex robots. cTrader is available for Windows P.C.s, for mobile devices, and as a web-based platform.
ICM Securities
ICM Securities platform is an easy to use web portal and mobile application for trading stock company shares. With its exclusive design and user-friendly navigation, the platform provides the best compatibility to any screen. ICM Securities is available for mobile devices or as a web-based platform.
Available Assets
The broker provides its customers with access to over 5000 financial instruments:
42 Spot FC CFDs2 metals (Gold and Silver)9 Cash Indices5 Futures FX CFDs3 Energy Futures CFDs2 Energy Spot CFDs800 US Stocks CFDs5000+ Global Equities5 Crypto CFDs
Education and Research
ICM.com does have an education center on its website, with training articles that are suitable for both beginning and advanced forex and CFD traders. Additionally, some articles cover the features of forex trading, and others detail technical and fundamental analysis. There is also a Market News section to keep traders up to date with global market-moving events. The education center also has a glossary of about 517 trading terms and their meanings.
Trading Central
Perhaps the most useful education and research tool is the Trading Central section of the website. Trading Central has been providing market research since 1999, and its group of expert market analysts provides detailed market research and analysis. All account holders that have deposited receive the Daily Market Report each day, but that’s just the start. Trading Central also provides detailed research articles, analyst views, and a proprietary MetaTrader 4 indicator.
Customer Service
Customer support is available Monday through Friday from 6:00 to 18:00 GMT. The support team can be easily reached via online chat and telephone and also have a call-back feature where a customer service rep will call at the time requested by the client. The team is also on social media and can be found on Facebook, Twitter, YouTube and LinkedIn.
Phone: +44 207 634 9770
Webform: Contact Us Form
In Conclusion
ICM.com offers a good variety of assets to a global base of clients, and with a history stretching back to 2009, is both reliable and trustworthy. With a choice of variable spreads or commission-based trading, each client can choose the best trading conditions for their style. And the inclusion of several trading platforms ensures that each client will be able to trade on a suitable platform.
ICM.com is a solid broker and well worth any trader’s attention.
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