ICM Capital Forex Broker Review

ICM Capital Forex Broker Review

ICM provides personal account managers to help IB partners present their clients and provide guidance once their account is verified. The processing fees for both deposits and withdrawals depend on your banking option. For example, ICM Prepaid Card deposits attract a charge of 1.75% and a fixed withdrawal fee of $1.95. For China Union Pay users, the deposit processing fee is 1.50% of the amount while the facilitation fee for withdrawals is $5.

How can I buy Coca Cola shares in Nigeria?

Shares can be purchased through a Direct Stock Purchase and Dividend Reinvestment Plan sponsored and administered by Computershare Trust Company, N.A. Details about the Computershare Investment Plan, including any fees associated with the Plan, can be viewed and printed from Computershare's website.

ICM Capital also has a section on trading rules that delves into the details of actual trading, including how to calculate profits and losses, contract sizes, and pip values, among others. Traders are allowed to change their account’s leverage levels after registration. Our Credit card transaction was rejected, but ICM Capital advised us to contact our bank because the broker did not reject the transaction. Bank Transfers, Skrill, Neteller, and PayPal deposits above USD 500 or its equivalent also do not attract charges.

ICM Capital Bonuses & Promotions

The customer support is multilingual and can be reached every day and every time. A competent customer support is essential in the trading careers of many traders who have to turn to the customer support every time they have a problem. Since the Forex industry shifted from Wall Street directly to the living rooms and homes of numerous people, it seems that the contagious trading mania has become unstoppable. To the delight of many Forex brokers, traders are on a constant quest for new brokers and ideal trading conditions. The market is not only merciless by nature, but it is also very competitive since brokers try to outperform each other with new inventions in the market.

icm capital review

The maximum requirement for trades also varies based on ICM Capital trading tools, investment products, and also on the trader. It would be misleading to place it among the top forex brokers due to the following reasons, high spreads, limited account types, no add-on service, slow customer service response among others. The company seems to settle for average, yet it can push for more customers once it changes some aspects about its business.

Through cTrader you will obtain access to fast, tight prices when trading forex, as well as products based on futures contracts such as gold, silver, oil, commodities and indices. It’s very convenient liteforex ecn especially for the first time traders who are not willing to put a lot of money as a start. ICM Direct accounts do not charge any commissions, and all fees are included in the spreads.

Though the ICM Zero account provides tight spreads that start from 0 pips for EURUSD, the commission fees ICM Capital charges is about $7 for every round lot. ICM Capital Limited claim to have a very professional and friendly customer service team to ensure that their clients have the most rewarding trading experience. Meanwhile 24 hours later we are still waiting for someone to return our email. After a while we gave up and tried asking our question regarding spreads and account types through live chat. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. The withdrawal and deposit is fast, technically as well characterized by a solid platform and somewhat moderate spreads.

The United Kingdom is one of the countries were the Forex business is flourishing, and new brokers are being established on a frequent basis. Brokers mostly consist of experienced traders who try their luck on the other side of the market. One of the more recent brokers is also ICM Capital which had to make a name among the numerous UK brokers who have far more experience than the broker itself. The trading platform can be downloaded securely via our website direct to your PC.

ICM Capital offers attractive bonuses and promotions to attract new clients and show gratitude. It offers a 10 percent credit bonus up to a max value of $1000 on every deposit made over $2000 by the trader. A no deposit bonus is given bdswiss negative balance protection to new users even without making deposits at the platform. This is a generous bonus considering that the no deposit bonus exceeds two-digit amounts. ICM Capital offers these two account types in demo account and live account.

Fees and Commissions

The minimum deposit amount to start to trade with is $ 200, which is a small initial amount. Forex broker services are also provided for institutional clients and large companies such as investment banks. The MetaTrader ICM platform provides a high degree of security standard along with encrypted information exchange between the platform servers and client terminal.

You should consider whether you can afford to take the high risk of losing your money. ICM Capital also offers the ICM Direct ECN platform that is only available with the ICM Direct account. The ICM Direct platform is only available for the desktop and is a proprietary trading platform designed by the broker’s in-house team of designers and experts. Unfortunately, there isn’t a mobile version, which is a significant disadvantage for ECN mobile traders. The ECN account comes with a host of account benefits, and ICM Capital is one of the very few brokers that does not charge any commissions for trades opened using an ECN account. Therefore ECN traders can enjoy up to zero spreads without any other commissions or charges, which is one of the best trading conditions currently available in the FX trading market.

The webtrader can be used on all platforms through the charting package does vary slightly. On the MT4 platform, you are given access to over 45 technical indicators and a variety of tools that allow for an even more advanced trading experience! This includes things like automated strategies, expert advisors , market analysis & news feed. The trading conditions depend on the clients country of residence as well as the regulatory authority. There are two account options are listed on ICM Capital platform, with no minimum deposit requirements for both accounts. ICM Capital Customer SupportYou can also reach ICM Capital’s customer service team via email.

On the other hand, the 0% stop-level provided by ICM Capital has a real danger of negative balances, especially during high-volatile market events. Therefore, even though the company has reduced the available leverage, the risk of negative balance is high for an ICM Capital account. ICM Capital Brokers is a reputable forex trading service provider that gives traders access to different kinds of instruments in different markets such as shares, indices, and currencies. For commodity merchants, the broker provides agricultural, metals, and energies products.

Precious metals:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ICM Capital is a well-known international online Forex and CFD trading firm offering traders an access to a wide range of trading products including foreign exchange, commodities, futures, stocks and indices.

It is good to be part of a global broker that meets all my trading needs. I had issues with my skrill and that caused some delays of about a week in my withdrawal processing but as soon as skrill sorted out my account the money landed. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. The service is out of contact, as well as the so-called financial consultant.

ICM Capital review

The ICM Demo account is offered to traders to give them a chance to experiment with the user interface of the platform and to get more accustomed to the charting tools and instruments. However, the team does not take too long to verify so that the new users can start analyzing and trading in the market instantly. After the account setup is complete, traders can access the platform’s extensive variety of available tools and resources. ICM MetaTrader 5 trading software provides technical analysis and advanced analytics with easy access to additional asset classes and trading instruments. It enables clients in trading CFDs, forex pairs, precious metals, stocks, and energies with super-fast processing times and additional customization properties.

It strives to be proactive in developing the optimal trading environment and creating new value for its customers. For the negative side, instruments are limited to CFDs and OTC assets. ICM Capital is a reliable broker with ECN trading technology and good technical solitons. ICM Capital Limited is a London based broker, operates as a wholly owned subsidiary of ICM Holding SARL . Additionally, support and operation offices have been established in Dubai and Shanghai. Traders using ICM Capital can fund their accounts using any of the following payment methods – Neteller, Skrill, PayPal, Credit or Debit cards, Bank transfer, China UnionPay, or ICM Prepaid cards.

icm capital review

The deposit withdrawal fee varies according to the payment method you choose. The broker will cover the transfer fees for deposits above $ 500 in case of Bank transfers, while other methods fees vary. Also, ICM Capital offers Islamic accounts to clients following the Muslim faith. These accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith. A forex account is a trading account held by a trader with a company like ICM Capital that is primarily issued with the purpose of trading currencies. ICM Capital’s vision is to continuously search for ways to add value for its traders and to make certain it never loses sight of the company values and core vision.

ICM Zero

ICM Capital offers a 10% deposit bonus to its clients up to a maximum of $1,000. Traders should deposit a minimum of $2,000 to qualify for the promotion. The broker charges different fees for each deposit method but does not charge fees on withdrawals, which is not very common in the industry. Answer questions regarding your trading experience if you have ever traded forex and futures including your years of experience and transactions made in the last two years. ICM Capital does not charge any other non-trading fees such as deposit and withdrawal fees or account inactivity fees.

icm capital review

Beeks FX is a popular firm known for cloud computing and VPS solutions. ICM Capital offers most of the popular instruments but only offers the MT4 trading platform. We deposited over 500 EUR for each of the tested payment methods, so there were no charges on our deposits. ICMCapital review found fees are normally passed on for deposits below EUR 500.

The Education Centre of ICM Capital is designed to assist beginner and advanced traders and give you a better understanding of how the markets work and who is involved. Before starting to trade, potential clients of ICM Capital should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. ICM Capital strives endlessly to offer services that can support you when trading with it. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.

Please submit your normal e-mail address that can be used to contact you. Moreover, companies regulated by the FCA have to keep at least $730,000 net in tangible assets as a proof that they are stable and legitimate. ICM Capital is regulated by the Financial Conduct Authority in the UK, which means it is a secure firm.

The firm opened its door in 2009 and has a head office in the United Kingdom, where all its businesses are operated from. ICM forex brokers returns funds by using the payment methods mentioned above to avoid online identity theft. ICM aims at processing all withdrawal requests within 24 hours, although some withdrawals may take about 3 to 5 working days to get reflected in the user’s bank account.

This enables traders to easily transfer funds of any trading profits from the client’s trading account. Clients can submit an online application for this card for a one-off fee of $40. Traders can deposit money through bank transfers, card payments, and a range of e-wallets like Neteller, fx glory Skrill, China UnionPay, etc. ICM Capital’s trading platforms have been selected according to importance within the industry offering and the most balanced trading parameters like speed, reliability and security. For that reason, clients of ICM Capital mainstays at popular MetaTrader4.

Forex trading is a market that involves trading on margin, which witnesses a staggering amount of leverage than the conventional leverage provided for traditional markets. The higher than normal leverage paved the way for significant losses for investors, which has also created a conflict of interest between brokers and their clients. Nevertheless, we will learn more about the broker’s margin policy and other aspects of trading using this ICM Capital broker review. The broker offers an ICM Capital no deposit bonus in the amount of $100. This means that as soon as you register before you even made a deposit, you will be accredited with $100 on your account. This is more than a generous bonus if we consider that no deposit bonuses do not exceed two-digit amounts.

To open an account, visit the appropriate ICM Capital website and click on ‘open account’, four steps to start trading. We got a detailed response in one working day, clarifying that the minimum deposit for both ICM Direct & ICM Zero is 200 USD or equivalent in other currencies. Traders can execute most trading strategies as the broker allows high-risk strategies such as hedging and scalping. PayPal deposits below USD 500 have a transaction fee of 3.75% combined with a fixed currency fee of GBP 0.20/ EUR 0.35/ USD 0.30.

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