ICM Capital is a broker that claims to be regulated by FCA and LFSA. However, this regulation is suspected to be a clone. Their official website is inaccessible triggering reliability issues of their trading platform.
ICM Capital offers ICM ZERO and ICM DIRECT (ECN) as account types and clients can trade on Meta Trader 4. Traders can trade Forex, Metals, Futures, Shares, and Cash CFDs on the website. They provide 1:100 as the maximum leverage.
| Aspect | Information |
| Company Name | ICM Capital |
| Registered Country/Area | United Kingdom |
| Regulation | FCA (Suspicious Clone) and LFSA (Suspicious Clone) |
| Market Instruments | Forex, Metals, Futures, Shares, Cash CFDs |
| Account Types | ICM ZERO and ICM DIRECT (ECN) |
| Minimum Deposit | N/A |
| Maximum Leverage | 1:100 |
| Spreads | N/A |
| Trading Platforms | Meta Trader 4 |
| Demo Account | N/A |
| Customer Support | Phone: +44 207 634 9770 and Email: [email protected] |
| Deposit & Withdrawal | N/A |
Pros and Cons
Pros
N/A
Cons
FCA (Suspicious Clone) and LFSA (Suspicious Clone)
Higher risk
Inaccessible website
Account Types
ICM Capital offers two main account types: ICM ZER and ICM DIRECT (ECN).
With ICM ZER, traders can benefit from a maximum leverage of 1:100 without any minimum deposit requirement. This account type provides access to a wide range of products including Forex, Metals, Futures, Shares, and Cash CFDs, with a minimum position size of 0.01 of a Standard Lot.
Similarly, the ICM DIRECT (ECN) account offers a maximum leverage of 1:100 with no minimum deposit, allowing traders to access the same variety of products and maintain a minimum position size of 0.01 of a Standard Lot.
| Feature | ICM ZER | ICM DIRECT (ECN) |
| Maximum Leverage | 1:100 | 1:100 |
| Minimum Deposit | No minimum | No minimum |
| Products Offered | Forex, Metals, Futures, Shares, Cash CFDs | Forex, Metals, Futures, Shares, Cash CFDs |
| Minimum Position Size | 0.01 of a Standard Lot | 0.01 of a Standard Lot |
Leverage
ICM Capital offers a maximum leverage of 1:100 to traders, providing them with the opportunity to amplify their trading positions by up to 100 times their initial investment.
This leverage ratio allows traders to control larger positions with a relatively smaller amount of capital, potentially magnifying both profits and losses.
Customer Support
Customers can get in touch with the customer service line using the information provided below:
Phone: +44 207 634 9770
Email: [email protected]
Conclusion
In summary, trading with ICM Capital has risks to consider. There are doubts about its legitimacy and regulatory status, which could lead to financial losses or fraud.
Additionally, the broker’s website may have accessibility issues, making it hard for traders to find information or trade smoothly.
