Icm Capital Limited Review – Is This Broker Trusted Or Not?

What makes this broker interesting is their offshore entity. The official owner,  ICM Capital LLC is from St. Vincent and Grenadines. But also with registration in the UK.

SVG as the country is known as problematic because of offshore activities. That’s why we are revealing in this ICM Capital Limited review why this broker needs an offshore entity. Read carefully.

Before we go any further, we suggest reading our brokerage reviews on Bcm Begin Capital Markets, Capitalix, and VT Markets.

Does Icm Capital Limited Operate as a Regulated Broker?

Considering the strict licensing by the FCA of the UK entity, traders might think this is a trusted broker. Indeed, should be with such licensing. But rules are there to break them sometimes. However, ICM Capital Limited trading company is quite solid there. At least a UK-based company. However, there is one offshore-based.

Even though the broker claims to have a license from SVG’s FSA, that is not reality. Financial Service Authority doesn’t provide forex trading licenses anymore. Therefore, traders don’t have any kind of protection from an offshore entity.

Instead of looking for other Tier 1 regulations like BaFin or ASIC, this broker went offshore. But reading ICM Capital Limited reviews clarifies why.

What Traders Are Saying About Icm Capital Limited

Even though there are only 19 comments on Trustpilot it’s enough to get a bigger picture. For a company that exists since 2009, there should be much more.

However, more than 50% of traders were completely dissatisfied. Moreover, they claim to have issues with withdrawals and withdrawal fees.

Icm Capital Limited Trading Software

ICM Capital provides outstanding options for traders. Top 3 choices when it comes to the trading platform.

However, with an offshore entity without regulation trading is risky. Especially after reading all those user-experience reviews.

MetaTrader 4&5

Meta Trader is a leader in the industry. Generally speaking, it presents the trusted and most reliable platform, it all depends on whom you are using it.

Traders can use advanced features like social and copy trading, advanced charting options, trading tools and more. An important advantage comes from the availability for every device.

Ctrader

cTrader as one of the top-notch competitors is heavily taking traders’ hearts. It allows traders to use very advanced features like algorithmic trading, advanced EAs and many more. But on a very user-friendly and amazing platform. It’s no question why it is the biggest MT competitor.

Whichever platform you choose, you are not making mistake. But make sure that it’s with a licensed broker not with an offshore one.

Icm Capital Limited’s Trading Assets and Instruments

One big disadvantage of ICM Capital Limited broker is the lack of cryptocurrencies. As one of the fastest-growing industries with trillions in investments, they are very attractive assets.

Yet, here you can trade only more conventional ones. Such as:

• Forex – EUR/SEK, GBP/JPY, AUD/CAD
• Commodities – natural gas, platinum, crude oil
• Indices – ITA 45, SPA 35, FRA 40
• Shares – Walt Disney, American Airlines, Visa

An important factor in choosing a broker is leverage. Which is here way above maximum allowed of 1:30 in Europe.

Icm Capital Limited Countries Of Service

With these two entities, this broker can operate worldwide.  But where they don’t operate is the country with the strongest regulation – the USA.

However, their targeted countries are:

• Malaysia
• India
• Singapore
• United Kingdom

You can recognize a pattern of rich countries. Especially in Singapore which is one of the richest countries in the world per citizen.

Types of Accounts Available With Icm Capital Limited

This broker has a pretty straightforward offer. Only 2 live trading accounts are available. Those are:

• ICM Direct
• ICM Zero

The only difference between these accounts is spread and commission. However, spreads depend on contract specifications and they are not disclosed clearly. But on the platform, we can see they start from 1.3 pips. On the contrary, the Zero account has spreads from 0 pips, but the commission of $7 per lot.

Can a Trader Use a Demo Account?

To sum it up, yes. It’s a perfect choice for testing. Especially knowing that one of the entities doesn’t have a license.

However, once you activate your demo account you are eligible to get a call from an agent. Be cautious and think twice before investing any money.

Icm Capital Limited Partnership Programs

ICM Capital Limited has multiple options to promote itself. From introducing broker and white labels to regional partnerships. 

Every program is designed to bring more traders, yet all conditions remain mysterious. The only way to get more information is by contacting the broker through e-mail.

Terms of Service for Icm Capital Limited

There is a solid range of funding methods with this broker. Those are:

• Debit/credit cards
• Wire transfers
• e-Payments
• BTC

Even though ICM Capital company has clarified the withdrawal policy, looks like some traders had withdrawal issues. Therefore, you should be extremely cautious. Especially with crypto transfers.

In fact, that’s why card purchases are the safest option. In the first 540 days of the transaction, you can request a chargeback.

Leverage, Spreads and Fees

Leverage of up to 1:200 is heavily breaking ESMA rules for EU traders. But that is with the offshore entity which is our main topic here.  Spreads that start from 0 pips are quite attractive but you’ll be charged a heavy commission.

Besides these flaws, there are potential withdrawal fee issues. If you look at ICM Capital Limited reviews, you will find complaints about high withdrawal fees. Better choose a tier 1 licensed broker than risk money with an offshore one.

What Should I Do If I Have Icm Capital Limited Problem?

With an offshore entitity solutions are limited. If you are not working with the regulated entity you don’t have license protection.

Firstly, share your story for us and other traders. Secondly, you can book a free consultation already today. Our specialized fund recovery team can assist you every step of the way. Get in touch now!