ICM Capital Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
The following is a summary of our key research about ICM Capital:
Global broker subject to a number of regulatory frameworks
ICM Capital has a presence in the Downtown area of Dubai.
The highest possible standard of safety and protection
Tight spreads with changeable variables
Free and extensive access to a wealth of educational materials
Visit ICM Capital Website.
ICM Capital makes available for trading a diverse array of financial assets, including stocks, exchange-traded funds (ETFs), foreign exchange (Forex), commodities, indices, and cryptocurrencies.
ICM Capital is a well-known international online Forex and CFD trading business that provides traders with access to a wide range of trading products. These trading products include foreign currency, commodities, futures, equities, and indices.
ICM Capital was established in 2009 and has its headquarters in the United Kingdom. The firm also has offices in China, Mauritius, the United Arab Emirates, and Singapore. The trading platform that ICM Capital utilizes is called MetaTrader 4.
Because the Financial Conduct Authority in the UK has granted ICM Capital the registration number 520965, indicating that it is a trustworthy organization, ICM Capital is located in the United Kingdom.
UK-based brokers must abide by stringent regulations in order to obtain a license from this body. These regulations include storing the money of customers in a separate account known as a custodian account and providing the FCA with frequent reports.
In addition, businesses that fall within the FCA's purview are required to maintain a net tangible asset value of at least $730,000 in order to demonstrate that they are reliable and legitimate.
ICM Capital provides its customers with the option of opening either an ICM Zero account or an ICM Direct account, depending on the client's country of residency and the applicable restrictions.
The ICM Zero account does not charge any spread on trades; however, they do charge a fee, which is $7 per round lot.
While the ICM Direct account does not have a commission of this kind, it does have spreads. For the EURUSD pair, the spread is 1.3 pips.
Both trading accounts offer the same supported instruments and leverage options. There is no difference between the two.
More information on the disparity between the two accounts is provided in the next section.
The bare minimum required to open a trading account is one hundred dollars. It is highly handy, particularly for first-time traders who are not ready to put up a significant amount of money to get started trading.
Tweets by ICMCapital
Spreads are the difference between the price at which an asset or currency pair is being offered for sale and the price at which it is being sought after. ICM Capital offers reasonable spreads that can be adjusted based on the amount of your first deposit. Pips are the unit of measurement for them.
When it comes to foreign exchange, ICM Capital uses all-in spreads for its ICM Direct product, whereas its ICM Zero product has no spreads but instead charges a trading commission. These spreads apply to both ICM Direct and ICM Zero.
MetaTrader4, MetaTrader5, and the Web Trader cTrader Platform are the three trading platforms that are made available to customers by ICM Capital. Traders have a selection of sub-platforms to choose from, including MT4 for Mac, PC, Android, and iPad/iPhone versions. They also have the option of using a web-based platform.
The MetaTrader 4 platform offered by ICM Capital is accessible on desktop computers, mobile devices, and tablets. The WebTrader may be utilized on any platform; however, the charting package may differ significantly depending on the platform. You get access to more than 45 technical indicators and a number of tools when you trade using the MT4 platform, which together provide for an even more sophisticated level of trading experience. This include items like as automated methods, expert advisors, or EAs for short, market analysis, and news feeds.
ICM Capital provides many research tools via MT, such as an economic calendar, news feed, and technical analysis; however, it does not provide some of the more advanced features that you would find on other brokers, such as live chat or personal phone support, which can be quite useful when it comes to obtaining quick answers rather than the lengthy email correspondences that are frequently encountered here.
ICM Capital's MT platform is one of the most popular among traders, and with good reason – it offers a wide range of tools for both novice and advanced users, has access to over 45 technical indicators, and makes it easy to backtest strategies using historical market data. Other reasons why it is so popular include: The charting software that is provided here also enables some quite deep analysis, which ought to satiate all varieties of traders.
cTrader is an independent trading platform that was built for trading items based on futures contracts as well as foreign currency.
The trading platform may be downloaded in a safe manner to your own computer directly from our website. When you trade foreign currency using cTrader, you will have access to prices that are both quick and tight. Additionally, you will have access to goods that are based on futures contracts, such as gold, silver, oil, commodities, and indices.
The cTrader platform offers a wide variety of technical analysis tools, as well as the capacity to execute cTrader forex robots, while simultaneously guaranteeing that your data will remain secure at all times.
This is How Your Dashboard Is Going to Look:
Your Dashboard at ICM Capital will consist of the following three primary areas after you log in:
The Trading Account Summary will provide you with information on your account as well as a link to MT5 and some analysis that will assist you with your trades.
Payments Section, in which you can find information about to deposits, withdrawals, and where you can also make a request for a Master Card.
Papers Section, where you may upload any necessary documents to support your claim.
ICM Capital provides superior support to its clients in a variety of languages. On the website of the firm, there is also a feature that allows users to "request a call back."
There is support provided for customers. 24/5
ICM Capital accepts deposits and withdrawals through a variety of different options. They recognize that:
Because it is authorized and regulated by the Financial Conduct Authority (FCA), ICM Capital is regarded as a reliable financial services provider. This is because the FCA is responsible for regulating the financial services industry in the United Kingdom in order to protect consumers, maintain industry stability, and encourage healthy competition between financial services providers.
ICM Capital has an excellent teaching center that is geared at both novice and experienced traders and provides the following services and opportunities:
Examples of Trading Activity
A Glossary for Traders
ICM Capital is a forex and CFD broker that operates online. On their website, they declare that they are dedicated to providing fair pricing and excellent transaction executions. ICM Capital has been catering to the needs of both individual and institutional customers located all over the world since 2009. The corporate headquarters are located in London, United Kingdom, and the company has satellite offices in ten other places around Africa, South America, and Asia Pacific.
Over 120 different trading products are made available for trading on the widely used MT4 platform by the broker. According to the document that outlines ICM Capital's order of execution policy, the company works using a hybrid approach that combines 'No Dealing Desk' (NDD) and 'Dealing Desk' (DD). The broker performs the function of a market maker, in which it offers prices and executes trades using its own liquidity. In addition to this, it offers competitive spreads beginning at 0 pip through the use of its ECN technology, which is connected to Tier 1 institutions. This helps to guarantee that there is a deep pool of liquid assets as well as good market execution speeds with a minimum of requotes.
ICM Capital is dedicated to the implementation of its Corporate Social Responsibility (CSR) strategy and has provided financial assistance for a variety of initiatives that are congruent with this mission. During the holy month of Ramadan, the broker offered assistance to those in Dubai who were less fortunate. Additionally, in 2016, it took part in Xiangxi Aide et Action, which is an organization that helps disadvantaged children in China. The broker made a contribution toward the children's educational expenses.
The ICM Capital brand is also involved in the sponsoring of several sporting events. The broker served as one of the official sponsors of the world cycling Revival in the year 2018. Additionally, it has sponsored the England Polo team and was the official club partner of the English football club Fulham FC.
On more than 20 separate times, ICM Capital was honored with a prestigious award for its outstanding work. At the 2019 Forex Expo awards ceremony, which took place in Dubai, it was honored with the "Best Forex Broker Award." In 2018, the JFEX award was given to the broker for "Best Institutional Forex supplier," and the firm took home the prize. In addition, ICM Capital was given the prize for "Best Institutional forex broker" at the 16th MENA forex exhibition in the year 2016.
ICM Capital is a company that has been officially registered in England and Wales with the number 07101360. The Financial Conduct Authority has granted its authorization and regulates its operations (FCA). The number assigned to this registration is 520965.
ICM Capital VC is licensed by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, operating under the license number 23683 IBC 2016, and is a publicly traded company with its headquarters in Saint Vincent and the Grenadines.
ICM Capital EU is a trade name of Charlgate Ltd., which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm with the License Number 367/18. Charlgate Ltd. operates under the name ICM Capital EU.
ICM Capital APAC is licensed by the Financial Services Authority (FSA) of Labuan, operating under the license number MB/18/0029 and having its headquarters in the Malaysian territory of Labuan.
ICM Capital (Mauritius) Limited is licensed by the Financial Services Commission of Mauritius (FSC Mauritius) and has the following license number: C118023357. This company is located on the island nation of Mauritius.
ICM Capital has protected itself independently by purchasing Civil Liability Insurance with a maximum limit of £5,000,000. This protects the firm from mistakes and other hazards that might result in a loss of financial resources. This policy makes the broker more stronger and contributes to the protection of the clients' assets.
ICM Capital is responsible for the safekeeping of all client money in separate bank accounts; as a result, these monies should not be utilized for any purpose other than funding clients' trading operations.
The Financial Services Compensation Scheme (FSCS), which guarantees clients' assets up to £85,000, provides an additional layer of protection for customers in the United Kingdom. Only in the event that ICM Capital declares bankruptcy would eligible customers be eligible for reimbursement from the FSCS.
ICM Capital is dedicated to the anti-money laundering and know your customer policies that may be seen on its websites. The organization does not permit the use of its services for the purpose of money laundering or funding terrorist operations. Therefore, it is necessary for each and every customer to go through the "Know Your Customer" (KYC) verification process by submitting a "proof of identity" as well as a "proof of address."
ICM Capital does not offer its services to citizens of some countries, including the United States of America, North Korea, and a few others, since doing so would violate the laws of those nations. Because of regulatory constraints, some of the ICM Capital broker services and products that are discussed in this ICM Capital review might not be accessible to traders based in certain countries.
When it comes to trading forex and CFDs, the MT4 platform is among the most popular and commonly utilized platforms available today. It was established in 2005, and ever since then, millions of merchants from all over the world have been using it in their businesses. ICM Capital streams its spreads as well as quotations for all assets via the MT4 platform, which features an easy-to-use graphical user interface as well as a variety of built-in trading tools. The following versions of MT4 are now available:
WebTrader is a platform that was developed with HTML5 and can be accessed by web browsers. The fact that it is compatible with any and all operating systems and devices is its primary benefit. There is no need to download anything.
Desktop: This version may only be downloaded and installed on computers that are running the Windows operating system. It is the most advanced version of the MT4 platform, allowing users to install expert advisors and other add-on applications.
Mobile: Both Android and iOS users may download this version on their respective smartphones. The aforementioned stores carry it in their inventory.
The following is a list of some of the most important characteristics of the MT4 platform:
The 'Market Watch' window, which can be customized to display any and all instrument quotations in real time, is one of its features.
Order placement by market order and up to 4 pending orders.
Orders are executed instantaneously and on the market.
Built-in support for the MetaQuotes Programming Language (MQL), which enables the development of add-on applications that expand the capabilities of the MetaTrader 4 platform.
After installing Expert Advisors (EAs), which are utilized to automate forex and CFD trading, the Auto Trading function may be engaged to begin trading automatically.
Complete set of tools for doing technical analysis, including charts covering a range of periods, several types of indicators, and analytical programs.
More than 35 different languages are supported.
Notifications of alerts can be sent by email, text message, and platform pop-ups.
The MT4 Trading Platform is Provided by ICM Capital.
The MT4 mobile app facilitates trading while the user is away from their desk. It has complete integration with both the WebTrader and desktop versions of the accounts that are created. The application's user interface is uncomplicated, well-designed, and blazingly quick. It is available for download on Android and iOS devices via the app stores for those operating systems.
The following is a list of some of the most important characteristics of the MT4 mobile app:
It presents the current buying and selling prices of all tradable assets in real time, and it does so in both directions.
The charts tab presents all of the charts in a total of 9 different periods.
It comes preconfigured with up to 24 different analysis tools and up to 30 different technical indicators.
It is possible to personalize it so that it will deliver push notifications and alarms.
Through the use of the app, trade positions may be opened, updated, or terminated.
Market and pending orders are provided. The screen used to make orders also includes options for setting a stop loss and taking a take profit.
ICM Capital has formed a partnership with the company known as "Trading Central" in order to provide its customers with access to market research tools, expert analysis, and other services. The complimentary "Daily Market Report" is delivered to the email addresses of all active account holders. Additionally, they receive access to the research platform, analyst view, and the MT4 indicator that is provided by Trading Central. Trading Central is a financial research company that has won several accolades and awards. They offer cutting-edge financial tools and insightful analysis on a diverse selection of assets.
The method of fundamental analysis can benefit from using this calendar. It outlines the crucial periods and dates at which the events that are known to have an effect on the financial markets are scheduled to take place. The forecasts of the analysts on the effects of each occurrence, in addition to the historical data, are presented here.
ICM Capital has formed a partnership with Beeks FX to offer virtual private server (VPS) services to all of its customers. Clients who keep a balance of $4,000 or more in their account are eligible to get it free of charge. VPS enables users to access the trading servers in a dependable and interruption-free manner. Users of EAs and professional traders typically need a VPS to maintain a constant connection to their accounts even when their laptops are turned off. Beeks FX is a well-known company that offers cloud computing and VPS solutions to their customers.
On the website, these changes are made on occasion, but not on a regular or daily basis. The news encompasses a wide range of different assets.
The education center provided by ICM Capital has training materials that serve as an introduction to CFD and FX trading for beginners. There are further articles on the fundamental analysis, technical analysis, and aspects of the foreign exchange market. In addition, there are articles that demonstrate trading examples and "Frequently Asked Questions" (FAQs) presented here.
A lexicon with around 517 business terminology and their definitions is also available at the teaching center.
When you trade online with ICM Capital, you have the opportunity to trade the following instruments:
34 different forex currency pairs (major, minor exotic FX crosses)
91 Stock CFDs
1 Energy Future
1 Index Future
The trading conditions are determined not only by the regulatory authority but also by the nation in which the customer resides. Clients located in the EU zone can acquire a maximum leverage of 1:30, while clients located outside of the EU zone can get a maximum leverage of 1:200. On any and all accounts, there is no required minimum deposit amount.
ICM Direct reports that its EUR/USD spreads begin at 1.3 pips. There is no payment for commissions because the fees associated with trading are already incorporated into the spread.
ICM Zero: This account grants access to ECN trading with spreads beginning at 0 pips and offers no commissions. On every trade, a fee that is equal to $7 per round lot is levied.
Professional account: This type of account is exclusively accessible to customers located in Europe. It is contingent on the client's trading expertise, financial portfolio, and/or financial employment experience, all of which are taken into consideration when determining eligibility. Traders with professional accounts have access to exceptional trading conditions and a leverage of up to 1:200 in their accounts.
There is the option of using swap free Islamic accounts that are in accordance with Sharia law. Customers who are interested in it can submit an application for it by getting in touch with the support team. Demo accounts can be used by traders at no risk to themselves, but they are only valid for a period of thirty days. Before you start trading with real money, it's a good idea to get comfortable with the various trading platforms that are available and practice your trading tactics using a demo account.
There may be extra costs that are not stated in this ICM Capital review as a result of the fact that broker fees are subject to variation and change. Before you register an account for online trading with ICM Capital, you must make sure that you verify all of the most recent information and that you understand it. This is an absolute must.
The customer support team at ICM Capital is able to assist customers in a variety of languages and is accessible from 6 am to 6 pm, Monday through Friday. You may get in touch with them through quick web chat, email, or the phone lines. If you want to schedule a call with a support professional, you may do so through the website by filling out the 'Request a call back' form. In addition, there is a form labeled "Contact Us." They have profiles on Facebook, Twitter, YouTube, and LinkedIn, among other social media platforms.
ICM Capital states on its website that it is unable to accept cash deposits or fund transfers from third parties because doing so would violate the AML policy. If the deposit amount is less than $500, the broker will charge commissions; otherwise, the broker will pay the deposit fees. It is important for you to be informed of the possibility of extra fees being charged by third party payment processors.
All of the following methods of payment are acceptable:
Transfers from your bank can be utilized for both making deposits and taking out money. The procedure might be finished anywhere from two to five business days after it has begun. After the second withdrawal within a given month, a fee of £15 will be assessed.
Deposits made with credit or debit cards are processed immediately, whereas withdrawals back to the card take much longer time. The smallest deposit you may make is $200, and the greatest amount you can deposit in a single transaction is $10,000. A withdrawal to your card might take up to ten business days to process. Transactions made using a card do not incur any commission fees.
ICM Capital Prepaid MasterCard: This card is made available to ICM Capital's clients and is issued by the company. It is possible to link it to trading accounts in order to make deposits and withdrawals using that. A one-time activation fee of $40 will be assessed for the card. The fee for making a deposit is 1.75 percent, while the fee for withdrawing money is 1.95 percent.
Online payments: Skrill, Neteller, and China UnionPay are the forms of payment that are accepted here. There is a commission fee that ranges from 1% to 2.5% on all deposits that are less than $500, depending on the method that was utilized. Skrill has a maximum fee of $10 for withdrawals, China UnionPay has a maximum fee of $5, and Neteller does not charge any fees.
To create an account with ICM Capital, go to the website for your region and click the button labeled "new account." On the application to open an account, you will see:
Complete the form, then click "Submit." You will then be logged into the customers' section, where you will be shown a number of forms demanding various information, including your personal data, trading experience, and financial details, among other things. Verification of identity and address is necessary. If everything goes according to plan, the account will be created, and you will then be able to start trading online after making a deposit.
ICM Capital is a broker that has been in business for more than a decade and has won several awards for their work. It is subject to regulation in a number of nations, and it abides by the rules established by those governments. Additionally, the broker has expanded its coverage with extra insurance in order to better shield both its customers and its reputation.
The MT4 trading platform that is being given is extremely flexible and enables all trading methods. It works in conjunction with the ECN technology offered by ICM Capital to broadcast raw spreads beginning with zero pips. Trades may be executed quickly on MT4, and the platform allows a wide variety of order types.
The research that Trading Central has supplied is noteworthy since it has the potential to be helpful to all traders in that it might inspire prospective trading opportunities. There is a selection of payment methods accessible, which allows the company to accommodate a diverse range of customers from all over the world.
The education center does not provide sufficient instruction for a novice trader to develop the skills necessary to become a professional trader. When compared to the services provided by other brokers, the VPS is provided at no cost to customers who maintain a balance of $4,000. There is also the possibility that ICM Capital will attempt to establish their very own proprietary platform.
ICM.com, formerly known as ICM Capital (up until 2018), is a global
multi-regulated financial service provider headquartered in the United Kingdom.
They provide retail and institutional clients with access to a wide variety of
trading products, such as forex, commodities, stocks, indices, CFDs, futures,
and cryptocurrencies. ICM.com was formerly known as ICM Capital.
ICM customers have access to more than 5,000 distinct assets, which are made available on the MetaTrader 4 and 5 trading platforms, as well as cTrader and ICM Securities.
In the following ICM.com review, we are going to look at some of the most significant characteristics of the broker to decide whether or not it is a good fit for your own personal trading requirements.
ICM.com is a global foreign exchange (forex) and contract for difference (CFD) broker that is dedicated to providing excellent execution of trades and transparent trade pricing. ICM Capital was the broker's prior name in the United Kingdom until it was rebranded and given the ICM.com domain name. The broker has been in business since 2009. The broker maintains its headquarters in London, but it also has offices in 17 other countries across the world. These other locations include Africa, the Middle East, South America, and the Asia-Pacific region.
Customers have a plethora of options to select from, including more than 5000 tradable assets and four distinct trading platforms to select from. When we talk about choices, there is another one that needs to be made, and that is whether to use the ECN account type, which has variable spreads, or the Dealing Desk model, in which the broker provides prices and executions with no spreads and a flat round lot commission. Both of these choices have their advantages and disadvantages.
Does the fact that the broker is properly regulated, which gives everything the appearance of being pretty reliable, indicate that they are a suitable broker for you to work with? This is something that will become clear to you as you continue reading through this critique.
ICM.com is subject to oversight in the United Kingdom by the Financial Conduct Authority, which has assigned the company the register number 520965. In addition, customers living in the United Kingdom are covered against losses of up to 85,000 pounds in the event that their broker declares bankruptcy. In addition to being regulated in the United Kingdom, ICM.com is also governed in Malaysia, Switzerland, Sweden, Qatar, Mauritius, and Saint Vincent and the Grenadines. These regulations encompass the company's operations throughout the European Union and the rest of the world.
Up to a maximum of five million pounds, Lloyds of London provides ICM.com with liability insurance to protect it against claims brought by its customers for a variety of wrongdoings, including mistakes, carelessness, and fraudulent activity. This protection is offered at no additional cost to live account users and is accessible to all account holders. In addition, negative balance protection is provided to each and every customer, which guards them from incurring losses that are bigger than the amount of money they have on deposit with the broker.
ICM.com gives its customers the option to choose between two distinct account kinds. The first account is known as the ICM Direct account, while the second account is known as the ICM Zero account. The spreads and fees associated with each of these two types of accounts are the fundamental distinction between them.
ECN execution is available through the ICM Direct account, and variable spreads start at 1.3 pips for the EUR/USD currency pair. In the case of the ICM Direct account, there will be no commissions involved. On the other hand, the spreads for the ICM Zero account start at 0.2 and are significantly smaller.
Customers in the United Kingdom and the European Union who are working under an FCA license are eligible to take advantage of the ICM Elective Professional account, which provides a flexible leverage of up to 1:200.
Account for professionals: This account is only for customers based in the European Union. It is dependent on each individual trader's eligibility, which might be established by trading experience, previous work experience in the financial industry, or the amount of the trader's financial assets. If your application to become a professional trader is successful, the maximum leverage that you may use is increased to 1:200 (FCA), and the trading conditions also get better.
Demo accounts are also accessible for those who like to test out new trading methods in addition to the market circumstances. However, these sample accounts will go inactive after only thirty days. Muslims who are required to follow Sharia law have the additional choice of opening an account that does not participate in swaps.
The broker gives its customers access to more than 5000 different financial products, including the following:
CFDs on 42 Spot Indices
2 metals (Gold and Silver)
There are 9 cash indices.
5 Futures FX CFDs
3 Energy Futures CFDs
2 CFDs on Energy Spot
800 US Stocks CFDs
5000+ Global Equities
5 Contracts for Difference in Cryptocurrency
Buying and Selling Platforms
In contrast to the majority of brokers, which provide their customers with access to one or at most two trading platforms, ICM.com gives its customers access to four distinct trading platforms. These include MetaTrader 4, MetaTrader 5, cTrader, and the in-house developed platform for trading securities offered by ICM.
MetaTrader 4 is common knowledge among traders who have even the most basic level of experience. Forex traders have relied on this multi-award winning trading platform as their primary option for the better part of the past two decades. Because of its robust technical analysis skills and the ability to auto-trade utilizing widely used Expert Advisors, it continues to enjoy an exceptionally high level of popularity even in the present day. ICM.com offers the MT4 platform as a web-based platform, as well as platforms for mobile devices and Windows-based personal computers.
The purpose of creating MetaTrader 5 was to serve as a successor for MetaTrader 4, but traders continue to like MT4 so highly that both versions are currently available. Trading contracts for difference (CFDs) is made easier with MetaTrader 5, which also features improved trading capabilities. Two of MT5's features are its support for a wide variety of order types and its mobile trading capabilities. The MT5 platform is accessible as a web-based platform in addition to being available for use on Windows-based personal computers and mobile devices.
Another popular platform for trading foreign exchange or contracts for difference (CFDs) is known as cTrader. It is recognized as a forward-thinking platform, and it possesses powerful technical analysis skills. Additionally, it is able to operate forex robots, which is a feature that attracts a lot of traders' interest on its own. Windows-based personal computers, mobile devices, and a web-based version of cTrader are all supported by the platform.
Trading individual business shares can be done using the ICM Securities platform, which is a specialized platform developed for this purpose. Traders certainly appreciate the intuitive layout of the site, which makes stock trading a more comfortable activity overall. ICM Securities is accessible as a web-based platform as well as one that can be used on mobile devices.
At ICM.com, you may make deposits using a variety of different methods, and there are no fees or other costs associated with any of these options. When making a deposit, customers have the option of using bank transfers, credit and debit cards, as well as a number of other e-wallets. The majority of deposit methods will allow monies to be deposited into the account within twenty-four hours, while some will do it immediately.
The utilization of an ICM Mastercard, which provides the customer with a versatile payment instrument that enables the customer to carry out both online and offline transactions, is one of the simplest ways to fund an account at ICM.com. This method does not require the customer to first establish a bank account.
ICM.com's customer care is available on a daily basis from 6:00 PM to 18:00 PM (GMT) from Monday through Friday. In addition to being able to assist customers in many languages, the customer support team may be accessed via phone or through an online chat interface. In addition, there is a webform that customers may use to make a request for a call from the customer service personnel at a time that is convenient for them.
Phone: +44 207 634 9770
Webform: Form for Contacting Us
Since 2009, ICM.com has been providing excellent service to its customers, and the company has also garnered a number of honors throughout this time. Because it is regulated by a number of different countries, many traders from all over the world now do their business there.
Because there are four distinct trading platforms to choose from, every trader has a respectable number of options open to them. In addition, traders have the option of choosing between raw spreads beginning at 0 pips or variable spreads that do not include any commissions. This is made possible by the variety of accounts available.
Traders will also be happy with the integrated Trading Central, which offers education and research of a caliber comparable to the best in the world.
The regulatory status of the broker is outstanding, and both the spreads and commissions offered by the broker are competitive in the market for online brokers. Due to the excellent reputation that ICM.com has earned over the years, it is not difficult to suggest them as a good broker to traders of any level of expertise.
It would appear that the infectious trading fever has reached an
insurmountable level ever since the foreign exchange (Forex) market relocated
from Wall Street directly to the living rooms and homes of countless people. The
fact that traders are always looking for new brokers and the best possible
trading circumstances must bring a smile to the faces of numerous Forex brokers.
The nature of the industry is unforgiving, and on top of that, it is extremely
competitive due to the fact that brokers are constantly trying to one-up each
other with innovative new approaches to the market. In addition to being one of
the countries in which the foreign exchange market is thriving, the United
Kingdom is also one of the nations in which several new brokerage firms are
springing up. The majority of brokers are seasoned market participants who are
betting on themselves on the other side of the market. ICM Capital is one of the
more recent brokers, and like the others, it had to create a reputation for
itself among the many UK brokers who have far more experience than the broker
itself. This review will focus on what ICM Capital has to offer, so keep that in
mind as you read it.
This Forex broker entered the market in 2009, making them a relative newcomer when compared to the brokers operating in the 1990s. Even though fresh new brokers often have to contend with preconceptions at the beginning of their careers, some of them are already considered seriously despite the fact that they have only been in business for a short while. The broker was obliged to register with the official authority in the UK, and things are looking well thus far after the registration process. There will be no reprimands, suspensions, or penalties of any kind. This indicates that the broker complies with the stringent regulations imposed by the FCA (Financial Conduct Authority) and fulfills its duties in a timely manner. The Financial Conduct Authority mandates that a number of criteria, including the organizational structure (with competent staff), a sufficient amount of capital in the broker's account, and a detailed business strategy, be satisfied. Customers of the broker are afforded significant legal protections in the event that the broker violates the guidelines, as their monies are held in separate accounts, and the broker is required to keep those accounts secure. The broker at ICM Capital is a market maker, which implies that the broker trades against you and that they are the only "adversary" you have in the market. Traders are aware of this fact, and they will engage the game without hesitation if the broker has a policy about fair play.
The platform that the broker provides is the top-tier, one-of-a-kind, and all-encompassing Meta Trader 4 platform. This platform has been there for as long as the company has, and ever since it first went up, it has brought satisfaction to traders. The features of MT4 continue to be unrivaled and cater to the requirements of a large number of traders. Because of its automated tools, user-friendly design, extensive chart options, and so on, the platform is ranked number one. As a broker that operates in the current day, ICM Capital also provides a mobile app that is compatible with all platforms and devices, including the iPad, iPhone, Android, Palm, and Windows. Because so many traders seek for brokers who provide trading on both desktop and mobile platforms, a broker that does not have a mobile app might be considered "unheard of."
This broker most certainly performed their research before joining the market in order to give a fantastic trading experience for their clients because they supply just enough. In terms of accounts, they provide the basic comprehensive package consisting of three different account kinds, which are as follows:
Demo account is the name given to the one that is completely free of charge. Not only is the demo account useful for novice traders, but it is also beneficial for experienced traders who join up with new brokers in order to try out what the new broker has to offer them without incurring any costs (deposits). A minimum deposit of $200 is required to open an ICM Direct account, which the broker also provides. This account features changeable spreads, with the minimum amount starting at 1.3 pips. There is a minimum transaction size of 0.001, and if you are looking to increase the amount of your trades, a leverage of 1:500 is available to you. This account does not provide a swap-free account option for its customers. You can sign up for an ICM Standard account if you want to engage in trading with the only benefit of having a swap-free account and fixed spreads. This account has a set spread that is considerably greater than average, for example 1.6 pip difference. When compared to the ICM Direct account, both the leverage and the required minimum deposit are unaltered.
A no-deposit incentive from ICM Capital in the amount of $100 is available to traders through the broker. Your account will be credited with $100 as soon as you join, even if you haven't yet made a deposit. This means that you may start playing right away. When we consider that no deposit incentives typically do not go over the two-digit mark, we can see that this offer is more than substantial. The broker also offers a variety of incentives, such as providing a credit bonus of ten percent to customers who make a deposit of two thousand dollars. This campaign is not one of our regular promotions because it has a time limit and is only made available sometimes.
This broker is willing to deal with the normal payment procedures, which include the more common wire transfer, credit cards, and electronic wallets (Skrill, Neteller, and ICM Capital prepaid Master Card). Transactions may be completed in a relatively short amount of time with the prepaid ICM Master Card. Traders are overjoyed to learn that withdrawal requests are processed extremely quickly (within a day, and sometimes even within 10 minutes), as stated previously.
The customer service is available around the clock in a variety of languages and may be accessed at any time. They make available as communication channels not only the telephone but also e-mail and live chat. A knowledgeable customer support team is important to the trading careers of many traders, as these traders are required to contact customer support if they have any kind of difficulty. Fortunately, ICM Capital offers a support crew that is both experienced and efficient.
ICM Capital is an internet broker that has been given FSA approval. Trading in CFDs, commodities, and forex are its primary areas of expertise. ICM Capital is committed to maintaining a cutting-edge trading platform in addition to providing effective services. The markets of Brent Crude oil, Commodities, Forex, Gold and Silver, and Indices are all covered by these services. Trading and investment opportunities are available across a variety of assets. ICM Capital requires a minimum commitment of $100 in order to participate in Islamic trading.
ICM Capital allows you to establish a demo account if you are just starting out in the trading world. This is an excellent area to test your talents and tactics, but it is also a manner and a place to gain awareness, get familiar with the market and the platform itself, and discover the approaches that work best for you without requiring you to invest your own real money.
The next step is to create a regular account, which requires a minimum deposit of $100 and takes you to the next level. Traders have the option of opening an account that does not involve swapping currencies, which complies with the principles of Islamic economics.
Regarding the process of opening the account, you will be required to follow a relatively conventional approach that consists of three phases. The first step is to fill in your contact information, the second step is to give the information about your experience so that ICM Capital can adjust the platform for you, and the third step is to fill in some basic standard formalities that you have gone through dozens of times in the past for other application formalities. After you have deposited your funds, the process is complete. The first deposit is not required in order to use the demo account.
Users of ICM Capital have the option of choosing between three different payment methods in order to make deposits: bank transfer (for USD, AUD, GBP, and EURO), credit cards (VISA, MasterCard, etc.), or Moneybookers (Skrill). Customers have an expectation of standard, straightforward procedures.
After everything is ready, traders may start engaging in trading activity. MetaTrader 4 is, without a doubt, the most widely used trading platform, and ICM Capital, which prides itself on being both straightforward and very effective in all aspects, offers it to its clients. And yes, it is compatible with desktop computers, mobile devices running Android or Windows, and essentially everything else that can be connected to the internet.
There is a component on the website titled "Education Centre" that can be found under the Support area. This section is intended for those who are new to trading in this manner, both online and on the Forex market. Beginner traders have access to information on a dozen different themes, each of which has innumerable subtopics that provide a more in-depth description of what the issue as a whole is all about.
The customer service department is included inside the Support section. In 2012, ICM Capital was recognized in Dubai as the "Best Customer Service Provider" for their efforts in this area, and they earned an award for it. Users can send inquiries by questioner formulary, email or telephone. You are free to utilize live chat whenever you like.
ICM Capital is a foreign exchange (forex) and contract for difference (CFD) brokerage firm that was established in the United Kingdom in 2011 and has been operating in the market ever since. Because it operates out of the United Kingdom, the brokerage firm is subject to the stringent guidelines of the Financial Conduct Authority (FCA), which is in turn supervised by the European Securities and Markets Authority (ESMA).
ICM Capital provides its clients with access to around forty different currency pairings, many different stock index CFDs, precious metals and energy commodities, as well as single stock CFDs of firms based in the United States. Bitcoin contracts for difference (CFDs) were once available for trading through the broker; but, as of the time of this writing, these CFDs have been withdrawn from the firm's product list.
Because of the stringent rules that are in place in Europe, the maximum leverage that may be used while trading with ICM Capital is 1:30 for the most liquid trading assets such as major currency pairs, 1:20 for minor FX pairs and gold, 1:10 for other commodities, and 1:5 for stocks.
After a new user has created an account with the broker, the user will have the opportunity to decide whether to make a deposit in the ICM Direct account or the ICM Zero account, which may be denominated in either US Dollars, Euros, British Pounds, or Singapore Dollars.
The primary distinction between these account types is that only the ICM Direct account is analogous to a traditional forex trading account, whereas the ICM Zero account is more analogous to an ECN (electronic communications network) account, featuring tight spreads but charging commissions of USD 7 for each lot traded round-turn. However, in contrast to the ICM Zero account, the commission-free ICM Direct account does provide trading in stocks as well as cash CFDs. This functionality is absent from the ICM Zero account.
As is customary, the commission-free account type is likely to be the best choice for the vast majority of smaller traders. On the other hand, the ECN account type, which has narrower spreads, is likely to be the ideal choice for bigger and semi-professional traders.
When using ICM Capital, traders have access to a very restricted selection of payment options for funding their trading accounts. A bank wire transfer, Visa and MasterCard, China UnionPay, Skrill, and Neteller are the payment options that may be used to fill your account at this moment, according to this assessment. In addition, ICM Capital provides its clients with the option of applying for a prepaid MasterCard debit card, which can be used for both making deposits and withdrawals from trading accounts.
It is important to keep in mind that the broker will charge a service fee for accepting deposits made using any of these payment methods, with the exception of bank transfers in excess of US$500, which will be handled free of charge.
ICM Capital is a classic retail foreign exchange broker that has exclusively concentrated on the widely used MetaTrader 4 trading platform in terms of its trading platforms (MT4). This operating system is offered in its normal configuration for Windows-based personal computers, in addition to mobile configurations for Apple and Android-based handheld devices. There is also a solution available for Mac users who want to utilize MT4 on their computers.
Email and phone numbers registered in the UK and Dubai are both accessible for you to contact ICM Capital's customer care department. Regular customer service is available Monday through Friday, from six in the morning until six in the evening London time, in the United Kingdom. On the other hand, technical help is available around the clock on each and every trade day.
ICM Capital is, in our opinion, a respectable forex and CFD broker for the majority of regular traders. This is especially true for European traders who would rather trade with a broker licensed within the EU than with a broker not located in the EU. The broker does not in any way provide a very large range of trading assets; nonetheless, it is normally a reliable option that can be relied to fulfill its duties to customers.
ICM Capital Brokers is a respected foreign exchange trading service provider
that allows traders access to a variety of assets trading in a variety of
markets, including shares, indices, and currencies, amongst others. Products
pertaining to agriculture, metals, and energy are those that the broker offers
to commodity merchants. The company first welcomed customers in 2009 and now
maintains its headquarters in the United Kingdom, which is also the location
from which all of its operations are managed.
ICM Capital Brokers has been able to win a number of MENA awards in recent years because the firm appears to focus on delivering services to rich clientele from North Africa and the Middle East. This strategy has enabled the company to win many accolades in consecutive years. The broker does business with clients from all around the world, however it does not accept consumers from the United States of America.
Therefore, if you are from the United States or live there, you will need to hunt for alternative brokers who are regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). ICM Capital Brokers makes it simple for other traders to create either a demo or a real account with the company.
ICM Capital Brokers' primary clientele are institutional investors; nevertheless, the company has not totally ruled out the possibility of also serving ordinary investors in the future. The company requires a minimum deposit of $200 in order to open an account, which, when compared to the standards of today, is, on the other hand, not unreasonable. After making this deposit, you will have access to the accounts listed below:
People who live in regions other than mainland China and Europe are eligible for the Standard Account that we provide. This account is a Straight Through Processing (STP) account that gives traders access to trading equities, futures, commodities, and currencies.
The spreads for the Standard Account run from 1 to 4 pips, and traders have unrestricted access to the SWAP market. On the other hand, you may be subject to re-quotes, which may make trading more difficult for you.
This trading account is made available to all users, regardless of the country in which they reside (except the US). The Direct Account is a specialized ECN account and, just like the Standard Account, it gives users access to trade in a variety of markets, including futures, shares, commodities, and currencies.
Even while the spread remains in the range of 1 to 4 pips, clients who trade on the ECN platform benefit from spreads that are significantly narrower. When clients SWAP their plans, they won't be subject to any further re-quotes; nonetheless, they will be required to pay the SWAP fee.
When a trader establishes this account by using the ECN platform, they are not required to pay a commission, which is one of the many advantages of this account. Free Trial Account
In addition, there is something called a Demo Account that traders may sign up for in order to get familiar with the fundamentals of the market. Take into consideration that this is really a demo account, and that you will soon be required to switch over to a live account.
ICM Capital Brokers is a trading company that uses the well-known MetaTrader4 platform to sell CFD and FOREX contracts on Bitcoin, Oil (both Brent and WTI), precious Metals, and Indices. As we had previously indicated, it was created in 2009, and it is a brand of the well-respected ICM Capital Ltd, which is a subsidiary of ICM Holding SARL, which is situated in Luxembourg.
Because it is regulated and approved by the Financial Conduct Authority, often known as the FCA, ICM Capital Ltd. is an organization that is reliable and open to scrutiny. In order to demonstrate that they are not only genuine but also financially solid, brokers headquartered in the United Kingdom are required to demonstrate that they have net tangible assets of at least $730,000.
All businesses that have been granted a license by the Financial Conduct Authority (FCA) are obligated to comply with the stringent procedures and rules that have been established by the United Kingdom's Financial Watchdog. For example, these businesses are required to store the money belonging to their customers in accounts that are distinct from the funds belonging to the company itself and to submit regular reports to the FCA.
In addition, the Financial Conduct Authority (FCA) regulation gives traders an additional layer of protection because it is covered by the Financial Services Compensation Scheme (FSCS), which states that customers are eligible for a compensation of up to $50,000 in the event that a broker declares bankruptcy.
ICM Capital Brokers requires a minimum deposit of $200, which is about the same as the industry standard in this regard. In contrast, HY Markets just requires $50 while FxPro's minimum deposit requirement is $500.
The broker offers its customers a maximum leverage of 1:500, which is a somewhat large ratio; nevertheless, the vast majority of brokers supply their customers with a leverage that is comparable, unless the state places a limit on it. One example is FxPro, which provides a maximum leverage of 1:300, whilst HY Markets provides a maximum leverage of 1:500.
Take into consideration that using a large leverage when trading might quickly deplete your funds if you're not careful. Your profits can easily be multiplied by three with leverage, but your losses may as easily be multiplied by two.
In the realm of trading offered by the broker, there is a choice between accounts with floating and fixed spreads. For the most part, ICM Capital Brokers provides a variable spread on USD/EUR that is set at 1.3 pips, which is excellent for the foreign exchange market. As a point of reference, the spread that FxPro offers for its commission-free MetaTrader4 accounts is 1.4 points on the USD/EUR currency pair.
On the other hand, the fixed spreads that are offered by ICM Capital are quite competitive, reaching 1.6 pips on the USD/EUR currency pair. The company does not charge commission since it is able to pay itself through the spread in prices. To help better comprehend, Plus500 provides a preset spread of 2 pips on the USD/EUR currency pair.
The only trading platform offered by the broker is the well-known MetaTrader4, despite the fact that there is only one. You have a selection of sub-platforms to pick from while using this platform, such as MT4 for Mac, PC, Android, and iPad/iPhone. You also have the option of using a platform that is entirely web-based.
Traders use the MT4 platform because of its remarkable charting package, automated trade options with a professional adviser, large back-testing environment, and one-click trading capabilities. MT4 is the platform that leads the industry and is chosen by traders.
ICM Capital Brokers will, on occasion, extend enticing offers to new customers and members as a way of expressing appreciation for their continued support. For example, it offers a ten percent credit incentive up to a maximum of one thousand dollars on any new deposit that is greater than two thousand dollars.
This bonus cannot be withdrawn or converted into cash until a certain volume of trading has been completed; beyond that point, you will be able to do so. Until then, the bonus cannot be used for anything other than trading.
If you are searching for a respectable firm that has been trading forex for a number of years, then ICM Capital Brokers could be just what you are looking for. The company has demonstrated over the course of many years that it is a terrific company, and it has even earned several accolades for the exceptional job that it has done. Because it possesses a license issued by one of the most reputable regulatory bodies in the world, you won't have to be concerned about anything when you are trading.
ICM Capital Limited is an electronic communication network (ECN) broker with
headquarters in the United Kingdom and offices all over the world, including
Dubai, Singapore, Nigeria, and Indonesia. Through the MT4 platform, clients have
access to a variety of assets, including forex, for the purposes of trading.
This analysis of ICM Capital Ltd. provides information on the spreads, leverage,
account kinds, and login procedure so that you can determine whether or not the
broker is legitimate.
2009 marked the beginning of operations for this business, which is now subject to oversight by the Financial Conduct Authority (FCA registration number 520965). It has a representative office in the United Arab Emirates in addition to its headquarters in London.
Along with ICM APAC, which is incorporated in Malaysia, and ICM Capital Limited, which is registered in both Saint Vincent and Mauritius, ICM Capital Ltd. is a wholly-owned subsidiary of ICM Holding SARL. The ICM.com branding is utilized by each and every one of these individual businesses.
Traders from all over the world can take use of the brokerage's services; nevertheless, the company's CEO and management team have focused their efforts on the Middle Eastern sector in particular, where it has been recognized with many accolades. Notably, the broker established a new office at the Qatar Financial Centre and began operations in Qatar around the end of 2021.
Customers have access to direct market access through the ICM Direct platform, which is powered by ECN technology and provides liquidity sourced from major Tier 1 banks and leading liquidity providers. Customers are able to trade in foreign currency, commodities, and CFDs with execution that is both extremely quick and trustworthy. ICM Direct provides low-latency bridging with the MetaTrader 4 platform as an additional service.
Downloads of the MT4 platform are available for devices operating under Windows, macOS, iOS, and Android. Because of the sophisticated technical analysis capabilities it offers, MT4 is widely used in the business. Traders are able to analyze markets of varied complexities using the 30 built-in indicators and the 2,000 free custom indicators. In addition, there are twenty-four analytical items that make it possible to anticipate future market values.
Customers also have the option to engage in automatic trading with the help of Expert Advisor agents. Users have the option of generating their own EA robots by using the programming language MQL4, downloading them for free from the codebase, or paying for customized robots developed by professional programmers.
The broker gives consumers access to more than 65 different financial products, including the following:
Spot currency exchange (more than 50 different pairs)
Stocks of precious metals such as gold and silver that are traded on US exchanges CFDs
Energy futures Index futures
CFDs on Cash Markets
Although it contains a sufficient number of assets that may be traded, the inclusion of tradable cryptocurrencies like Bitcoin would be quite desirable.
Both of the brokerage's account types come with spreads and commission rates that are within a fair range. The EUR/USD spread for direct accounts is 1.3 pips, and there is no fee charged for using these accounts. According to the findings of a comparison between ICM Capital and FXPrimus, this spread is more competitive than the 1.7 pips that the other company provides on the same pair.
Customers also have the option to register an ICM 0 account, which comes with zero pip spreads on the EURUSD and a commission rate of $7 per round lot. This account may be opened for a fee of $7.
In addition, overnight open positions in foreign exchange and precious metals are subject to swap fees. The exchange rate fluctuates depending on whether long or short positions are held, and this information may be accessed through the MT4 platform for each individual instrument.
The leverage that is made available by ICM Capital fluctuates depending on the market, and this flexibility is maintained in accordance with the following ESMA standards for retail accounts:
Up to 1:30 on the most important currency pairings
Up to 1:20 on currency pairings that are not considered to be important, as well as gold and the major indexes
Up to 1:10 on non-major equities indexes and commodities other than gold, with the exception of gold.
A maximum of 1:5 on individual stocks and all other reference values.
When it comes to the major forex pairings, professional accounts are eligible for maximum leverage of up to 1:200.
Despite the fact that ICM Capital does not have its own app, consumers are still able to trade from any location using the MT4 app, which is compatible with both iOS and Android devices. The functionality of the app is quite comparable to that of the desktop version, and it has received glowing ratings on both the App Store and Google Play. Customers have access to all available order types and are able to do technical analysis using 30 of the most common technical indicators and 24 analytical objects. Users also get access to news on the financial markets and a mobile chat service, via which they can discuss trading tactics with one another and with other customers.
Through the ICM Access site, ICM Capital provides users with access to a number of different payment options, one of which is their pre-paid Mastercard. Sadly, deposit fees are applicable for all methods, with the exception of bank transfer:
Transfers made through the bank are free of charge; however, individual banks may assess costs in accordance with their respective price structures.
Skrill charges a transaction fee of $0.32, a cost to receive money of 1.9 percent, and a fee for the nation of 1 percent (selected countries only)
The transaction cost on Neteller is $0.29, the deposit fee is 2.5 percent (with a minimum deposit of $1), and the country surcharge fee is 1 percent (selected countries only)
PayPal charges a currency conversion fee of 0.2 GBP, 0.35 EUR, or 0.3 USD in addition to its 3.75 percent transaction fee for processing payments.
Visa/Mastercard - Deposit fee 3 percent USD, deposit charge 4.25 percent GBP/EUR
China UnionPay: one point five hundred fifty
ICM pre-paid card – 1.75 percent
The pre-paid Mastercard offered by ICM Capital can be issued in EUR, GBP, or USD, and is available to residents of EU countries. It is also accepted at establishments and at ATMs across the world that display the Mastercard acceptance mark; however, there are costs associated with monthly use as well as cash withdrawals and loading funds. Although there is no minimum deposit requirement for this card from the broker, the card user is responsible for paying an initial fee in the amount of forty dollars (USD).
The following currencies can be used to conduct bank transfers: USD, EUR, GBP, AED, KWD, SAR, SGD, MUR, PLN, and JOD. When utilizing this technique, deposits might take anywhere from two to five full business days to reach their destination.
ICM Capital has a minimum deposit requirement of USD 200 (or equivalent in other currencies). It is important to note that this rule applies to all deposits and not just the first one.
In order to prevent customers from having their identities stolen online, the broker always refunds monies using the same method that they were first placed with. ICM Capital makes every effort to handle withdrawal requests within one business day; nevertheless, it may take anywhere from three to five working days for the cash to show up in the bank account after the request has been processed.
Some withdrawal methods do incur a cost; however, the brokerage will waive this price for one withdrawal per month if you choose one of the following ways:
Bank transfer - 15 GBP
Skrill - 1 percent (min $0.49, max $10)
Neteller – None
PayPal – 2 percent
Visa/Mastercard – None
China $5 charged to UnionPay
There is always a withdrawal cost of $1.95 associated with the ICM Mastercard pre-paid card. This fee is never waived.
Please be aware that there is not a required minimum amount for withdrawals.
Customers have the option to take use of a free MT4 demo account; however, in order to access this account, they must first log in to a live trading account. The demo account mirrors the atmosphere of the genuine ICM Capital account and allows trading in virtual funds denominated in British Pounds, United States Dollars, Euros, and Polish Zloty.
At the moment, the broker does not provide any sign-up incentives or deposit bonuses to new customers. This is in accordance with the requirements of the FCA and the EU.
ICM Capital carries the enviable register number 520965 with the esteemed Financial Conduct Authority (FCA), which oversees all financial firms. In the event that ICM Capital goes bankrupt, the funds of its customers are safeguarded by the Financial Services Compensation Scheme (FSCS), which provides protection of up to £85,000 per customer. The Financial Services Authority of Saint Vincent and the Grenadines is in charge of overseeing and policing the worldwide website.
ICM Capital additionally has liability insurance via Lloyds of London with a maximum of £5,000,000 that protects the company from claims made by clients, including those alleging that the company committed mistakes, was negligent, or engaged in fraudulent activity. This protection is offered at no additional cost to live account users and is accessible to all account holders.
Negative balance protection is provided by the firm, which prevents customers from losing even more money than they initially placed.
The broker conducts business in a variety of countries and territories, ranging from Malaysia and Thailand to Turkey, the United Kingdom, and Paraguay.
ICM Capital's website has a helpful collection of educational aids, such as in-depth information on the many categories of financial products and the most important guidelines for trading. In addition to this, it provides papers that are more in-depth on subjects such as foreign exchange and technical market research. Users have access to a dictionary that defines common trading lingo, and clients have access to a financial news website, an economic calendar, and frequent market updates and reviews thanks to this resource. Additionally, quick updates may be found on the brokerage's Instagram profile, which is @icmcapital.
Additionally, ICM Capital provides clients with live accounts access to a complimentary SMS news service. With this service, clients may get news updates in the form of text messages delivered each morning, Monday through Friday. There are now new versions available for the following products: EUR, GBP, CHF, JPY, as well as gold and oil prices.
ICM Capital offers two distinct types of retail accounts, known as ICM Direct and ICM Zero. These accounts each have their own spreads and commission costs.
Although it has incredibly low spreads (beginning from 0 for EURUSD), the ICM Zero account has commission costs of $7 each round lot. These fees are charged despite the account's name. On the other hand, trades made through a Direct account are not subject to commission fees, despite the fact that spreads are wider (1.3 pips for EURUSD). Aside from that, there is no difference between the accounts in terms of the products that may be traded or the amount of leverage that is available. Customers who are interested in a certain market should thus evaluate the spreads that are currently being given for that market before selecting the account choice that would serve them best.
Professional accounts come with additional FSCS protection (up to one million pounds), and leverage that may go as high as one hundred and twenty to one.
In addition, ICM Capital provides clients with swap-free Islamic accounts that are in accordance with Shariah law.
Trading with the broker comes with a number of benefits, including the following:
Regulated by the highly regarded FCA, with protection from the FCSC and insurance from Lloyd's of London
Access to trade using the widely used MT4, which is recognized in the industry
A wide variety of learning resources are provided for 700 US stocks. CFDs
ICM Capital is not without its share of flaws, including the following:
Deposit fees levied for all deposit methods apart from bank transfer Limited leverage offering owing to regulatory constraints imposed Trading Hours Monday–Friday 9 a.m.– 5 p.m.
Access to the markets is available around the clock through the brokerage; however, many products are limited to local trading hours. On the ICM website, the contract specifications table includes a row for each asset with information on the trading hours for that asset.
ICM Capital provides a client services support team that is available Monday through Friday, from 6 am to 6 pm GMT. These hours are in the Coordinated Universal Time zone. Customers who wish to get in contact can do so by sending an email to email@example.com or calling (+44) 207 634 9770. Through the use of the form provided on the website, callbacks can be requested. Traders may also reach customer assistance for ICM Capital using the website's live chat feature if they have any questions or concerns.
In the event that clients experience issues when trading, they are encouraged to contact over-the-phone technical assistance at the following number: +44 207 634 9777. This help is accessible at any time, day or night, Monday through Friday.
ICM Capital guarantees that client monies are stored in separate bank accounts in accordance with the laws governing the protection of client funds established by the FCA. In addition, GDPR imposes obligations on the broker. In addition to this, it has a registration with the Information Commissioner's Office (ICO), which is an independent authority in the United Kingdom that was established to safeguard information rights such as data privacy for individuals.
A high level of protection is provided by the MT4 platform, which has an encrypted data transmission between the client terminal and the platform servers. The login process also incorporates two-factor authentication for further security.
As a result of the highly regarded laws and safeguards that are in place, ICM Capital is an excellent option for traders. This broker earns even more of our trust because of the high caliber of customer care that is offered, which includes assistance with technical trading concerns. Customers have the ability to choose between narrower spreads and cheaper commissions thanks to the many account types that are available to them.
ICM Capital welcomes traders from most countries, including the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar, as well as Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries.
Traders based in the United States are unable to utilize ICM Capital.
ICM Capital is a foreign exchange broker that operates out of London and is
situated in the United Kingdom.
Finding a trustworthy ICM Capital review, either locally or globally, may be a challenging procedure, particularly when it comes to locating a comprehensive list from a reliable and trustworthy source.
You will find below an in-depth evaluation of ICM Capital that will assist you in making an educated decision regarding whether or not to register an account with them or trade on their platform.
Forex brokers are organizations that offer traders with access to platforms that enable them to purchase and sell foreign currencies. These platforms are known as forex trading platforms. Retail forex brokers and currency trading brokers are both names that refer to the same type of business. In turn, retail currency traders employ these brokers in order to acquire access to the 24-hour currency market for the sake of speculating.
Institutional clients and huge corporations such as investment banks can also take use of the forex broker services that are available.
ICM Capital is a stockbroking company based in the United Kingdom that was founded in 2009 and is run as a wholly-owned subsidiary of ICM Holding SARL (Luxembourg).
In addition to this, it has set up support and operating offices in Dubai and Shanghai, as well as subsidiary offices in ten other places across Africa, South America, and Asia.
The broker provides clients with access to a variety of financial instruments, including Cash CFDs, Spot Foreign Exchange, Precious Metals, US Stocks, Energy Futures, and Index Futures.
You just need one account to get access to these markets, which include low spreads, a large amount of liquidity provided by a Tier-1 bank, lightning-fast market execution with no requotes, and live reporting from Trading Central.
The overarching goal of the organization is to foster financial expansion and prosperity in nations all over the world. It is committed to being proactive in the process of generating the ideal trade environment and producing new value for its clientele.
ICM Capital's mission is to ensure that it never loses sight of the company's basic beliefs and vision, as well as to always look for new methods to increase the value it provides to its traders. Standardization is kept at a high level, regulation is enforced rigorously, and comprehensive support is offered with enthusiasm and drive.
Since it was founded, ICM Capital has been honored with a great number of honors, including the following:
2019 – Egypt's Most Reliable Foreign Exchange Broker, Go from Egypt
Forex Expo Dubai 2019 Named World's Best Forex Broker.
JFEX was awarded the title of Best Institutional Forex Broker in 2018 by Best of the Best.
2018 Winner of Financiers' Choice Award for Most Trusted Online Trading Company
2017 was the year when the 12th Jordan Expo named Best Forex Global Platform.
2017: Winner of the 12th Jordan Expo's Best Mobile trade Platform Award.
2016: Winner of the MENA Forex Expo's Award for Best Institutional Forex Broker.
2015 - Best Rebate Provider, Forex MENA Expo.
2015: Winner of the MENA Expo's Best Forex ECN Broker Award.
2015: Named the Most Transparent Foreign Exchange Broker at the 8th Saudi Money Expo and Conference.
2014 – Winner of the JFEX Award for Best Forex Rewards Program.
2014: Winner of the MENA Forex Show's Best Affiliate Program award.
Winner of the Best FX Spreads Provider award at the 4th Saudi Money Exhibition and Conference in 2013.
2013: MENA Forex Show's Most Transparent Foreign Exchange Broker Award Winner.
2013: Awarded "Fastest Growing Online Forex Broker" at the Jordan Forex Expo and Received Another Award in the Same Category.
2013: Winner of the Best Forex Customer Service Award, QFX's First International Exhibition for Forex and E-Trading in Qatar, and the 12th MENA Forex Event.
2012: Winner of the Award for Best Customer Service Provider at the Third Arab FX Championship.
2011: Winner of the Best Forex Broker award, as well as winners of the Middle East Forex and Investment Summit awards.
2011: Awarded "Best Retail FX Provider"; also honored at the Middle East Forex and Investment Summit.
A foreign exchange account, often known as a forex account, is a trading account that is held by a trader with a business such as ICM Capital and is primarily issued for the goal of trading currencies.
Typically, the number of accounts and types of accounts that a trader is permitted to open with a broker firm will vary depending on the country in which the brokerage is based, the trader's country of residence, and the regulatory authorities under whose jurisdiction the firm is authorized to conduct business.
Account Types and the Functionalities That They Offer
Traders can choose between two different account types while working with ICM Capital: Director ICM Zero Director ICM
Direct Deposit Options Available at ICM: USD, EUR, GBP, and SGD
Distribute: Check out the stipulations of the contract
The smallest lot size allowed is 0.01 of a regular lot.
No minimum for FX and metals in the stop-loss and limit-order levels
ICM Zero Deposit: USD, EUR, GBP, SGD
On the EUR/USD pair, the spread will begin at zero.
Only for FX and Metal, the commission is $7 per round lot, and the minimum lot size is 0.01 of a regular lot.
No minimum for FX and metals in the stop-loss and limit-order levels
In addition, individuals who follow the Muslim faith can benefit from the Islamic accounts provided by ICM Capital. These accounts are also known as swap-free accounts due to the fact that they do not include any swapping or rollover interest on overnight holdings, both of which are prohibited by the Islamic religion.
ICM Capital provides its customers with a number of different options for transferring cash in order to maximize customer satisfaction. Traders have access to a variety of methods for making deposits, including wire transfers from their bank accounts, card payments, and a variety of e-wallets, such as Neteller, Skrill, China UnionPay, and others.
There is a minimum deposit requirement of $200 in order to begin trading, which is a rather low starting sum.
ICM also provides its own answer to the problem of simple finance, and that answer is the ICM Capital Mastercard. This makes it possible for traders to simply move cash from the client's trading account, including any gains from trading. A one-time cost of $40 is required to submit an application for this card, which customers can do online.
The following are some of the key characteristics of the ICM Capital Mastercard:
Free online help around the clock.
You may check your balance at any moment by logging in.
One card can be used for several different trading accounts.
Connected to the trading account you have with ICM Capital
Worldwide acceptance at merchant locations and automated teller machines displaying the MasterCard Acceptance Mark
The ICM Prepaid Mastercard is now being offered to citizens of EU countries.
The fees associated with deposits and withdrawals are not consistent across all methods of payment. In the event of bank transfers, the broker will pay the transfer fees for deposits that are greater than $500, while the rates for other methods will vary.
If you choose to pay with Visa or Mastercard, there will be a cost of 1.75 percent added to your purchase; however, the firm will refund the fee expenditures for the Visa and Neteller withdrawal choices.
The amount of money spent on trading is determined by a number of variables including fees, spreads, and margins.
The difference between the bid rate and the asking rate for a currency pair is known as the spread for that pair. A point of interest (pip) is the smallest possible change that can occur in a currency exchange rate. For currency pairs in which the Japanese yen serves as the term currency, one pip is equal to 0.01, but for all other pairs, one pip is equal to 0.0001.
Margin refers to the minimum quantity of funds that must be present in an account before a position may be opened. The current price of the base currency in relation to USD, the size (volume) of the position, and the leverage that has been applied to your trading account are all factors that go into the calculation of margin.
Commissions are the fees that a trader must pay to an investment broker in exchange for the broker's assistance in conducting transactions on the trader's behalf. The amount of commissions charged will fluctuate from one broker to the next, as well as depending on the asset that is being traded and the kind of service that is being provided by the broker.
Traders often pay lesser commissions when they work with execution-only brokers, which are defined as brokers that do not offer any kind of personalized financial advice and who grant traders full authority over the manner in which they trade the markets.
Trading on shares using contract for differences (CFDs), a common type of derivative trading that enables traders to speculate on the rising or falling prices of rapidly moving global financial markets, will incur commission. Traders can speculate on the rising or falling prices of fast-moving global financial markets.
Trades in contracts for difference (CFDs) made on other markets don't incur commission fees, but they do add a spread on top of the price of the underlying asset.
ICM Capital utilizes market execution, accumulating liquidity through key Tier 1 global banks. Since the spread for EUR/USD during peak times averages 1.3 pips, the brokers maintain the spreads for all markets consistently lower within the offering. This is because the statistics suggest that the spread for EUR/USD during peak periods.
The trading system offered by ICM is capable of excellent trade execution and accommodates various trading styles. To better serve its customers, the firm provides smart spreads computation through ECN deep liquidity providers, with initial spreads beginning at zero pip increments.
Traders who use the basic account feature should always remember the rollover rates in the back of their minds in case they hold a lengthy position. For example, starting a long position in EUR/USD will cost you a loss of 7.86 dollars per lot, while selling it would net you 2.68 dollars.
Leverage refers to the facility that enables a trader to create a position with a considerably bigger exposure to the market in comparison to the amount of money that they first placed in order to do so. Leveraged products like this amplify a trader's potential profit, but they also raise the trader's potential loss, which is to be expected.
The level of leverage is typically stated as a ratio, such as 50:1, 100:1, or 500:1. If a trader has a trading account balance of $1,000 and is trading ticket sizes of 500,000 USD/JPY, then that trader's leverage is equivalent to 500:1.
Since ICM Capital is a registered broker situated in the United Kingdom, it adheres to the stringent criteria established by the European regulator ESMA.
A recent update from the European regulator established a limitation towards maximum provided leverage levels. ESMA noticed a possible risk in the event that exceptionally high leverage is employed, thus the organization decided to implement this constraint.
As a direct consequence of this, customers of ICM Capital are permitted to employ a leverage ratio of up to 1:30 when trading Forex products, 1:5 when trading CFDs, and 1:10 when trading commodities.
It is common practice for forex brokers to entice new traders with promises of enticing deposit incentives. This could be helpful, but it is very necessary to determine what a legitimate bonus is.
A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that once the account is established, the trader will be subject to the same fees as any other participant in the market.
Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision that will reimburse part of the trader's costs.
In addition, the European Securities and Markets Authority (ESMA) has imposed investor protection requirements on the promotion, distribution, or sale of CFDs to retail clients as of August 1, 2018. These regulations have been in effect since that day.
These ban brokers from providing the retail customer with any payment, monetary or excluding non-monetary advantage regarding the promotion, distribution, or sale of a CFD, other than the realized profits on any CFD that is offered. This can happen either directly or indirectly.
This indicates that a Deposit Bonus is not presently available for use with retail customers at this time.
First-time traders are not eligible for any bonuses that are offered by ICM Capital.
The platform is the name given to the forex trading software that is made available to the customers of a broker firm and is utilized by those customers in the execution of their transactions.
When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.
What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.
MetaTrader4, which is well regarded in the industry, is the sole trading platform provided by ICM Capital. It was chosen because of the positive reputation it enjoys within the trading sector and because it possesses the trading qualities — such as speed, dependability, and security — that are the most well-balanced.
MetaTrader4 is a highly professional platform that not only enables you to engage in active trading, but also provides you with strong tools for doing technical analysis, charting, and modeling.
Customers may also take advantage of auto trading by making use of an Expert adviser within the trading terminal. These programs, which are built in MetaQuotes Language 4, provide you the ability to do analysis and trade in an automated fashion. MT4 may run on a variety of platforms, including desktop computers, mobile phones, and tablets.
The majority of brokers make available for trading all of the following types of market instruments, or at least some of them:
Trading foreign exchange, also known as currency trading or FX trading, takes place on the currency exchange market, which is comprised of private people, corporations, and financial organizations. Participants on this market exchange currencies for one another at varying exchange rates.
The commodities markets, just like the currency exchange markets, provide traders with a variety of chances for making investments. During periods of inflation or economic unpredictability, one tried-and-true method for mitigating risk is to make investments in contract-based, tradable products.
Actual stock market indices, also known as equity or stock indices, are a type of stock market index that are used to quantify the value of a particular sector of a stock market. Either a particular stock market or a particular group of the largest companies in a country can be represented by these symbols. Alternatively, they can be used to represent both.
The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.
The high volatility of energy prices due to political and environmental factors, supply and demand, extreme weather conditions, and global economic growth is a typical feature of this product, making it another popular trading choice.
ICM Capital offers trading in OTC Spot Foreign Exchange, OTC Precious metals, OTC Stocks, OTC Energy Futures, OTC Index Futures, and Cash CFDs.
One of the first things a potential trader needs to establish is whether a broker like ICM Capital is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.
ICM Capital is authorized and regulated by the Financial Conduct Authority (FCA), which regulates the financial services industry in the United Kingdom. It aims to protect consumers and ensure the industry remains stable.
Being one of the most reputable and sharp authorities within the Financial industry, FCA status delivers security of funds provided to the clients under the Financial Services The Compensation Scheme (FSCS) covering up to £ 50 000 in the event ICM Capital becomes insolvent.
ICM Capital supplemented this with the extra protection of up to £1 000 000 backed by considerable global capital and accessible to all live account clients with no additional cost.
As the regulatory status of a broker is crucial to its reliability, ICM Capital is focused on compliance with the law and secures its status by the regulation.
Potential traders need to be confident that the broker firm they choose can supply the essential assistance and aid anytime they may need it.
ICM Capital delivers customer service in many languages 24/5 by Live chat, SMS, telephone, or email.
Potential traders should always perform as much feasible study regarding speculative trading before beginning to do it.
Because trading with self-assurance and achieving financial success is highly dependent on having knowledge and an understanding of the markets, the research options provided by brokers are an essential component of the features that should be considered when selecting the right company to trade with.
When you trade with ICM Capital, the company makes every effort to provide you with services that can assist you.
You may determine the value of a pip by using a Pip Calculator. The value of a pip varies based on the currency pair that you are trading and the lot size of your transaction.
A Pivot Calculator is meant to be intuitive to work with and capable of calculating Pivot Points in a matter of seconds.
You will be able to monitor the occurrence of market-moving events with the assistance of the Economic Calendar.
You'll be able to subscribe to the signal feeds of other traders' MT4 platforms by using Trading Signals on MT4, which will enable you do so.
A Virtual Private Server (VPS) is made available to both existing customers and new customers after they reach a balance in their account of 4,000 USD or its equivalent in EUR, GBP, or SGD.
Installing and running Expert Advisors does not require any downtime and may take place whenever the markets are open, 24 hours a day.
You can find the articles mentioned under "business news."
ICM Capital also offers Trading Central's technical analysis package, and it gives customers who have active accounts access to this package at no additional cost. Trading Central is a global benchmark that offers daily market reports and comprehensive technical analysis for foreign exchange (Forex), precious metals (Metals), and oil (Oil).
Before beginning to trade, individuals who are considering becoming clients of ICM Capital should ensure that they have mastered all of the information and trading skills necessary to be successful in the world of forex and commodity trading.
A trader should look into other informative websites and methods to get the necessary expertise if the ICM Capital website does not supply enough of the necessary resources on its own.
The Education Center at ICM Capital is intended to help traders at all levels, from novices to experienced professionals, as well as provide a deeper insight into the functioning of the markets and the participants within.
There will be conversations on the fundamental and technical examination of the market, as well as the significance of having a trading philosophy.
ICM Capital is a global online foreign exchange (Forex) and contract for difference (CFD) trading service that provides clients with access to a wide variety of trading products via their choice of the MetaTrader4 platform and a selection of other devices.
The dependability and trustworthiness of the organization is the primary focus of this discussion. The broker preserves both a secure trading environment and supplementary insurance with a coverage amount of one million dollars, as required by the FCA.
Beginner traders will benefit from the low minimum deposit requirement of only $200 for an account, as well as from the platform's enhanced features assistance for novices, which also functions as a strong tool for expert traders.
Tweets by FXStreetNews
Tweets by financemagnates
Tweets by CoinMarketCap
Overall, ICM Capital is regarded as a reliable organization since it provides more than adequate assistance, appropriate research tools, and instructional resources for traders of all experience levels.
ICM Capital Licenses: ICM Capital Limited is approved by the Financial
Conduct Authority of the United Kingdom under registration number 520965.
ICM Capital Limited, which has its headquarters in London and operates as a wholly owned subsidiary of ICM Holding SARL, is a broker (Luxembourg). In addition, administrative and logistical support offices have been set up in Dubai and Shanghai respectively.
The broker's large product selection, which includes OTC Spot Foreign Exchange, OTC Precious Metals, OTC US Stocks, OTC Energy Futures, OTC Index Futures, and Cash CFDs, is one of the most important aspects of the business.
The markets may be accessed through a single account that provides fast market execution with no requotes, narrow spreads (ECN Spreads beginning at 0 pips), deep liquidity supplied by a Tier-1 bank, and more. In addition, this account provides live Trading Central reports.
ICM Capital: the Good and the Bad
ICM Capital is a trustworthy broker that provides clients with ECN trading technology as well as excellent technical solutions. The spreads are rather low and about average, and there is a comprehensive education component.
On the other hand, the only available instruments are CFDs and over-the-counter (OTC) assets.
ICM Capital has been acknowledged as a prominent institution not only in the United Kingdom but also in MENA countries and other parts of the world by a number of different international awards.
ICM Capital is not a fraudulent company; rather, it is a trustworthy authorized broker that holds a top-tier license from the Financial Conduct Authority (FCA) for low-risk Forex trading.
ICM Capital is authorized and regulated by the Financial Conduct Authority (FCA), which regulates the financial services industry in the United Kingdom with the goal of protecting consumers and ensuring the industry remains stable. The FCA is the entity that is responsible for authorizing and regulating ICM Capital.
ICM Capital's clients have the assurance that their funds are protected by the Financial Services Compensation Scheme (FSCS), which covers up to fifty thousand pounds in the event that the company goes bankrupt. The Financial Conduct Authority is widely regarded as one of the most trustworthy and knowledgeable authorities in the financial industry. ICM went above and beyond this by enhancing this with extra protection of up to one million pounds, which is backed by considerable global capital and is made accessible to all live account clients at no additional cost.
Only one sort of account will be identified by ICM Capital, and that will be ICM Direct. The broker makes advantage of market execution while accumulating liquidity through key Tier 1 banks across the world. A risk-free Demo Account is available to customers of the broker who wish to hone their trading skills. This feature is just one of the many ways in which the broker responds to the needs of its customers.
In addition, individuals who follow the Muslim faith can benefit from the Islamic accounts provided by ICM Capital. Forex Islamic accounts are also known as swap-free accounts due to the fact that they do not imply any swap or rollover interest on overnight holdings, which is contrary to the beliefs of Muslims.
The price structure of ICM Capital is straightforward because it is based on a spread; however, check below for information on other expenses, such as financing or inactivity fees.
In the event that you maintain a long position, you should base your expectations for the rollover rates on the normal account feature. For example, purchasing a long position in EUR/USD will cost you -7.86 dollars per lot, whilst selling would net you 2.68 dollars.
Due to the fact that historical statistics demonstrate that the spread for EUR/USD during peak house averages at 1.3 pips, the Brokers keeps the spreads on all markets consistently lower than those offered by the competition.
In addition, individuals who follow the Muslim faith can benefit from the Islamic accounts provided by ICM Capital. Forex Islamic accounts are also known as swap-free accounts due to the fact that they do not imply any swap or rollover interest on overnight holdings, which is contrary to the beliefs of Muslims.
As a result, in the event that you maintain a long position, you have to rely on the rollover rates that are available through the regular account feature. For example, purchasing a long position in EUR/USD will cost you -7.86 dollars per lot, whilst selling would net you 2.68 dollars.
A risk-free Demo Account is available to customers of the broker who wish to hone their trading skills. This feature is just one of the many ways in which the broker responds to the needs of its customers.
ICM Capital, a registered broker with its headquarters in the United Kingdom, abides by the stringent rules established by the European Securities and Markets Authority (ESMA). In the end, a recent update from the European regulator established a constraint towards maximum provided leverage levels. This came about as a result of ESMA recognizing a potential risk in the event that really high leverage is utilized.
ICM Capital gives its customers the opportunity to employ a leverage ratio of up to 1:30 on Forex products, 1:5 on CFDs, and 1:10 on commodities.
ICM Capital provides its customers with a number of different options for transferring cash in order to maximize customer satisfaction. The funds that are placed by customers will become accessible in their accounts within twenty-four hours. Traders have the option of using bank transfers, card payments, and a variety of electronic wallets such as Neteller, Skrill, China UnionPay, and others.
In addition, ICM has introduced a solution for simple funding in the form of its own ICM Capital Mastercard, which is a card issued by Wirecard Card Solutions Ltd. This card allows for the simple transfer of funds from a client's trading account in the event that the client realizes a profit from trading. A one-time cost of $40 must be paid by customers in order to submit an online application for the issuing of a card.
The fact that the minimum deposit at ICM Capital is only $200 makes it an attractive option for a wide range of traders because it enables them to begin trading with a very modest sum.
The fees associated with making a withdrawal or deposit might differ from one payment option to another. However, the broker will pay the transfer costs for deposits that are greater than $500 if the mode of deposit is a bank transfer; the fees for other ways are variable and may be found in the table below. Visa or Mastercard purchases will incur an additional cost of 1.75 percent on top of the standard fee, and these purchases are subject to taxation on fees as well. On the other hand, the corporation absorbs the cost of any fees incurred by the Visa and Neteller withdrawal methods.
The trading platforms utilized by ICM Capital have been chosen based on their significance within the context of the industry providing as well as the most optimal trading criteria, which include speed, dependability, and safety. Because of this, customers of ICM Capital are stalwarts at the famous MetaTrader4 platform.
MetaTrader 4 is a highly professional platform that not only enables you to actively trade, but also provides robust technical analysis, charting, and modeling capabilities. This is a well-known fact about the platform. In addition, all customers have access to the expert adviser functionality in the trading terminal, which enables them to benefit from automated trading.
These programs, which are built in MetaQuotes Language 4, make it possible to do analysis and trade in an automated fashion. Traders can access the trading environment through MT4 on their desktop computer, Mac, mobile device, or tablet computer. MT4 is optimized for all devices.
In addition, ICM Capital has decided to use Trading Central's technical analysis package for their product offering, which will be made available at no additional cost to customers with live accounts. Trading Central is a worldwide benchmark that delivers daily market reporting and comprehensive technical analysis for the Forex, precious metals, and oil markets.
The customer support offered by the firm is available in a variety of languages, by telephone, email, and live chat. This help is appropriate for both novice and experienced traders alike, and the company's Customer Support service has won several awards and is well valued by customers. In addition, in order to help in the rapidly expanding retail Forex market, a comprehensive teaching center that is tailored to traders of all levels has been developed.
In addition, the broker hosts a variety of competitions and championships where their traders may compete to develop their abilities and compete for great rewards.
ICM Capital Limited, a trading business based in the United Kingdom that deals
in foreign exchange, commodities, and contracts for difference, is an Official
Sponsor of the England Polo Team competing at Chestertons Polo.
The dependability and trustworthiness of the organization is the primary focus of this discussion. The FCA ensures that the broker provides a secure trading environment, and the broker also maintains extra insurance with a coverage of one million dollars. Last but not least, new traders should think about opening an account that only requires a deposit of $200. This account, along with platforms that support extended features right from the start, ICM trading technology, which demonstrates excellent trade execution and allows all trading styles, should be considered. For the convenience of its customers, the firm provides smart spread computation through ECN deep liquidity providers, with initial spreads that begin at zero pip increments.
Sites like ICM Capital in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.