ICM Brokers Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-23 13:50

Abstract：ICM Brokers, established in 2009, is a broker registered in the Marshall Islands that provides CFD trading on forex, commodities, indices, stocks, and cryptocurrency. While the broker offers MetaTrader 4 platforms and a 20-day sample account, there is no regulatory monitoring or transparency about fee structures.

ICM Brokers Review Summary
Founded	2009
Registered Region	Marshall Islands
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices, Stocks, Cryptos (all as CFDs)
Demo Account	✅
Leverage	Up to 1:400 (Standard/Prime),
Leverage	Up to 1:5 (Crypto)
Spread (EUR/USD)	From 2 pips (Standard account, fixed)
Trading Platform	MT4 Windows, MT4 WebTerminal, MT4 Mobile, MT4 MultiTerminal
Minimum Deposit	$50
Customer Support	Live Chat
	Phone: +1-539-207-9177
	Email: info@icmbrokers.com

ICM Brokers Information

　　ICM Brokers, established in 2009, is a broker registered in the Marshall Islands that provides CFD trading on forex, commodities, indices, stocks, and cryptocurrency. While the broker offers MetaTrader 4 platforms and a 20-day sample account, there is no regulatory monitoring or transparency about fee structures.

Pros and Cons

Pros	Cons
Wide range of tradable instruments	Not regulation
Offers MetaTrader 4 across all major devices	High spreads on Standard account
Supports multiple live accounts and demo access	No Islamic account

Is ICM Brokers Legit?

　　ICM Brokers is not a regulated brokerage. It is registered in the Marshall Islands, a country that lacks a recognized financial regulatory authority for forex or brokerage services.

　　Its domain, icmbrokers.com, was registered on October 27, 2007, and is still live with transfer restrictions in place. Despite being online for some years, it operates without governmental monitoring, posing a significant risk to investors.

What Can I Trade on ICM Brokers?

Tradable Instrument	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Types

　　ICM Brokers provides three live account options and one demo account. It does not mention any Islamic accounts.

　　The Standard and Prime accounts are for general traders of various skill levels, and the Crypto account is for crypto-focused traders.

　　A demo account is available, with a free trial period of 20 days.

Account Type	Minimum Deposit	Leverage	Spread	Suitable for
Standard Account	$50	Up to 1:400	Fixed, from 2 pips	All-level traders
Prime Account	$50	Up to 1:400	Market, from 1.2 pips	Intermediate & experienced
Crypto Account	$1,000	Up to 1:5	Market (Crypto only)	Crypto-focused, higher capital

Leverage

　　ICM Brokers provides leverage of up to 1:400 on Standard and Prime accounts, and 1:5 on Crypto accounts. High leverage enables greater bets with less cash, but it also raises the danger of significant losses.

ICM Brokers Fees

　　ICM Brokers' fees are generally comparable to industry standards, while spreads on the Standard account are somewhat high.

Account Type	Spread	Commission
Standard	Fixed, from 2 pips	❌
Prime	Market, from 1.2 pips	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4 Windows	✔	Windows PCs	All traders; supports EAs & analysis
MT4 WebTerminal	✔	All browsers (Web-based)	Traders who prefer no software installation
MT4 Mobile	✔	iOS & Android devices	Traders who trade on the go
MT4 MultiTerminal	✔	Windows PCs	Managers handling multiple accounts
MT5	❌	/	Experienced traders