ICM Trader

ICM Trader Information

ICM Trader was registered in Saint Vincent and the Grenadines and offfers trading services in forex, commodities, indices, stocks and cryptocurrencies to investors. It offers the industry-leading MetaTrader 4 platforms to enhance customer trading experience.

There are three live accounts to choose from for different client groups with varying experience levels. What's more, the broker implements segregated accounts to ensure protection of customer funds.

In addition, educational resources like trading tools, market analysis and webinars are provided to equip investors with necessary knowledge and skills for successful trading.

However, a critical consideration when choosing to trade with this broker is that it currently operates without oversight from any regulatory authority, which increases risks to client protection and fund security.

Pros and Cons

Is ICM Trader Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. ICM Trader is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose ICM Trader with caution.

What Can I Trade on ICM Trader?

Account Type

Unlike many other brokers, ICM Trader does not provide demo accounts for practicing, which is one of its shortcomings since demo account is quiting necessary for clients to simulate real trading before being ready.

While for live accounts, there are three to choose from: namely ICM DIRECT (ECN), ICM ZERO and ICM CENT.

Leverage

While the broker offers leverage up to 200x, which means you can enlarge your position 200 times of your initial deposit at most. However, traders should always use leverage cautiously since leverage not only amplify profits, but also losses at the same time.

Trading Platform

ICM Trader claims to use the world renowned MetaTrader 4 platform, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platform on web, or download app from Windows, mobiles phones and Mac.

Deposit and Withdrawal

ICM Trader accepts deposits and withdrawals via ICM Cashier, which includes Visa and Mastercard (credit/debit), Skrill, Neteller, Ecommpay and others, and third-party payment is not accepted. Deposits may take up to 1 business day while withdrawals may take up to 3-5 business days.