ICM

ICM Information

ICM is an offshore regulated broker, offering trading on forex, US stocks, precious metals, index futures, energy futures, cryptocurrencies CFDs with leverage up to 1:200 and spread from 0.0 pip on MT4/MT5/cTrader. However, it does not provide services for residents in certain areas.

Pros and Cons

Is ICM Legit?

ICM is licensed by FSA with license number SD201 to offer services. However, it is offshore regulated, which means potential risks may exist.

What Can I Trade on ICM?

ICM offers trading on forex, US stocks, precious metals, index futures, energy futures, cryptocurrencies CFDs.

Account Type

The broker offers Islamic accounts and demo accounts.Besides, here are three account types ICM offers.

Leverage

The broker offers maximum leverage at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

ICM Fees

Trading Fees

Only FX and Metal have commissions – No commission is charged for all other products.

ICM Spreads

Swap Rates

Different products have different swap rates.

Note: If you hold a position overnight on a Wednesday, the swap charges that are earned or paid on a daily basis are three times the normal amount. Swap charge on US stocks, Cash CFDs, Bitcoin and Turkish Lira will appear as “Admin Charge”.

Trading Platform

Deposit and Withdrawal

ICM accepts payments via credit, debit cards and bank transfers. It cannot be held accountable for any bank charges but bares all costs for clients who deposit via credit card.

Funds will be deposited in your trading account within 1 business day after the funds hit ICM Capitals account. Withdrawal requests are processed on your trading account within 24 working hours from the receipt of the request; however, the receipt of the actual funds may vary depending on the withdrawal method.

Promotions

There are plenty of promoting activities available on ICM's platform. For now, refer to a friend and you'll get a $150 bonus.