Forex ICM Capital Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

ICM Capital Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@icmcapital.my

Contact Number +442076349770

Website www.icmcapital.my

Balanced Review

Pros & Cons

Pros

Variety of trading instruments including Forex, metals, and CFDs
Access to MetaTrader 4 platform for trading
Two account types: ICM ZERO and ICM DIRECT (ECN)
No minimum deposit requirement for account opening
Customer support available via phone and email

Cons

Unverified regulatory status linked to clone licenses
Inaccessible official website complicating trading
Limited customer support availability
Lack of investor protection measures for client funds
Potentially high trading risks due to regulatory concerns

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ICM Capital	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ICM Capital Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
ICM ZERO	All traders, including beginners	Maximum leverage of 1:100, no minimum deposit	Suitable for various trading strategies and small-capital practice
ICM DIRECT (ECN)	Experienced traders	Maximum leverage of 1:100, no minimum deposit	Designed for those seeking direct market access

Account Opening Process

To open an account with ICM Capital, traders must submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. The process is designed to ensure compliance with applicable regulations. Additionally, there is flexibility for traders to upgrade to a professional account later, allowing for enhanced trading options as they gain experience.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0 (ECN: $3.5/lot)	Tight spreads for major currency pairs
Forex (Minor Pairs)	Varies	$0 (ECN: $3.5/lot)	Spreads depend on market conditions
CFDs (Stocks)	Varies	$X per lot	Commission structure may vary
CFDs (Indices)	Varies	$X per lot	Commission structure may vary
CFDs (Commodities)	Varies	$X per lot	Commission structure may vary
Cryptocurrencies	Varies	$X per lot	Variable spreads depending on volatility

Other Fees

ICM Capital may impose various fees, including deposit and withdrawal fees, inactivity fees, and platform usage fees if applicable. Additionally, there may be overnight interest rates (swap rates) applied to positions held overnight, along with potential currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ICM Capital User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

London, UK

★ ★ ★ ★ ★

I had a terrible experience with ICM Capital. I requested a withdrawal several times, and each time I was met with excuses. It’s been over a month, and I still haven’t received my funds. I cannot recommend this broker due to their lack of responsiveness.

Emily Johnson

New York, USA

★ ★ ★ ★ ★

Overall, I’m quite satisfied with ICM Capital. The MetaTrader 4 platform is user-friendly and reliable for trading. While I faced some minor issues with customer support, they eventually resolved my queries. I appreciate the variety of trading instruments available.

Michael Lee

Toronto, Canada

★ ★ ★ ★ ★

I found the support at ICM Capital lacking. My inquiries often went unanswered, and the website was difficult to access at times. I am concerned about their regulatory status which makes me hesitant to trust them fully.

Sarah Davis

Sydney, Australia

★ ★ ★ ★ ★

ICM Capital has been a great platform for my trading journey. The ICM ZERO account with no minimum deposit was perfect for starting out. I enjoy the fast execution speeds and the range of assets I can trade. Highly recommend to new and experienced traders alike!

United Kingdom Market