ICM Capital is CFDs and Forex broker that is regulated by the Financial Conduct Authority (FCA). On their website, they claim how traders will experience several benefits if they decide to open an account with them: safe trading in a regulated environment, award-winning support, client-centric approach, and fair trading with many features at their disposal. They are also offering two types of platforms – traditional MT4 and cTrader proprietary platform, as well as a free demo account that you can use to learn about how to use the platform properly.
Find out more in our ICM Capital review and see if this broker is the right for you.
ICM Capital offers only one real account type to its clients. It has a special set of features and benefits you can use while trading.
ICM Direct Account
- Minimum deposit $200
- Maximum leverage 1:200
- Minimum lot 0.01
- Forex, Metals, Futures , Shares, and Cash CFDs
- Trading Central Market News
- Credit Bonus
- Expert advisors for MT4
- Real Time News Feed
- Free video tutorials
- Swap free
- Market execution
ICM Capital is warning traders how this is the maximum leverage listed, and how it can be different, depending on market conditions. Also, credit bonus is not available globally. Make sure to ask customer support whether or not you are eligible for credit bonus. The broker also mentions slippage that may occur from time to time and reminds traders to limit their weekend trading when slippage usually occurs.
ICM Capital Demo
ICM Capital also offers a free demo account. You don’t even have to make a deposit! However, you still have to register with a broker. Demo account can be opened on one or both trading platforms available with ICM Capital. Demo account is a great way for traders to see what platform looks like and how it works, especially when it comes to desktop-based MT4 platform or proprietary platforms like cTrader.
Make sure to utilize this feature for your own benefit, as once you enter the world of real trading, you won’t have to waste time (and money) on figuring out how different tools and features are used.
ICM Capital Credit Bonus
As we previously mentioned, ICM Capital also offers some 10% credit bonus up to $1,000. Terms and conditions related to bonus are easily accessible to all traders interested, even if they still don’t have a trading account. We found out that trading conditions seem reasonable.
!0% bonus is available to traders who deposit over $2,000. Maximum bonus allowed is $1,000. The participants may withdraw funds from their trading account at any point of this promotion, however, this will result in the reduction of the credit bonus by 10% of the withdrawal amount. The required trading vole ranges from 40 to 200 lots, depending on the bonus amount.
ICM Capital also offers swap free Islamic accounts for traders of Muslim faith. Ask customer support how to activate this special status.
ICM Capital MT4
As previously mentioned in ICM Capital review, this broker offers two types of trading platforms – MT4 and cTrader, their proprietary platform. Both platforms come in several versions:
- Desktop platform – that needs to be downloaded prior to trading
- Web platform – for trading directly from the platform
- Mobile platform – for Apple and Android devices
Metatrader4 is a platform that is supported on Mac computers as well. Please make sure you downloaded the proper version of the platform to avoid any issues, difficulties, and confusion.
cTrader platform is not available for download for Mac computers and can be traded from the browser only. Whether or not this is an issue is upon each and every trader to decide.
EUR/USD spread is 1.2 pips in average during peak hours (according to their website), even though they also promise ECN Spreads from 0.0 pips.
With ICM Capital traders can trade:
- Forex pairs
- Precious metals
- US stocks
- Energy futures
- Index futures
- Cash CFDs
- Cryptocurrency CDFs
ICM Capital Broker
ICM Capital takes great pride in being a regulated broker. They also brag about their customer support, claiming that it won several awards. As always, we decided to test the customer support during writing of the review to make sure that everything they claim is true (or discover it isn’t).
We immediately noticed live chat window in the bottom right corner. We asked for a full list of underlying assets they are offering. After some explaining, the agent provided us with the link. When we informed him that the categories on the link aren’t working, they apologized for the inconvenience. Even though the agent was very friendly and keen on helping, we still never received the full list of assets, only an apology.
ICM Capital offers some basic education on forex and CFDs trading as well. You can find it in Education section. We found the FAQ section to be quite useful as it provides all the basic answers you might need during trading process.
ICM Capital Withdrawal
ICM Capital is in the ownership of ICM Capital Limited that is authorized and regulated by the Financial Conduct Authority (FCA). Their license number is 520965.
When it comes to depositing and withdrawing with ICM Capital, it is important to know how minimum deposit is $200. Traders can experience some limits when it comes to depositing via specific methods, but you shouldn’t be worried, as maximum deposit limits are more than generous and go as high as $20,000 per day.
When it comes to depositing methods, traders can also get an ICM Mastercard prepaid card. If you are not into it, make sure to use one of the more common methods:
- Bank wire
- Credit and debit cards
- China Union Pay
While there is no minimum withdrawal limit, there are certain fees that apply.
- Bank wire – all withdrawals are charged with $15 fee
- Skrill deposits – Transaction Fee ($0.32) + Receive Money Fee (1.9%) + Country Surcharge Fee (1%); Skrill withdrawals – Transaction Fee (1%, min = $0.49 max=$10)
- Neteller deposits – Deposit Fee = 2.5% (min $1) + Transaction Fee ($0.29) + Country Surcharge Fee (1%); Neteller withdrawals – none
- Visa/Mastercard – 1.75% for deposits
- China Union pay – 1.5% for depositing, $5 for withdrawing
- ICM Prepaid Card – 1.75% for deposits, and 1.95 for withdrawals
In some cases, it is possible to avoid fees. Make sure to check the withdrawal instructions, as conditions for fee-free withdrawals are not the same for all traders.