ICM Capital review: Regulations, Trading platforms, Broker features, and User ratings.

2.864 • 22 REVIEWS
Updated: Feb 13, 2024

What is ICM Capital?

ICM Capital is a forex broker offering the MetaTrader 4 and MT4 Mobile foreign exchange trading top platforms.

ICMCapital offers over 30 currency pairs, metals, stocks, indices, futures, commodities, and energies for your personal investment and trading options.

Please read ICM Capital Reviews below and share your live trading experiences with this broker.

Other website of this company include ICM.com, ICMCapital.my, ICMCapital.com, ICMTrader.eu.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $200
Established: 2009
Address: New Broad Street House 35 New Broad St, London, EC2M 1NH, United Kingdom
Contact: support@icmcapital.co.uk, +44 207 634 9770
Regional offices:
Regulators: FCA #520965
Prohibited countries:
Trading platforms: MT4
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (30+)
CFD: (75+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, UnionPay
* Please check broker website for more information
2.864 • 22 REVIEWS

Recent User Reviews of ICM Capital

Sri Lanka, Sri Lanka,
Aug 22, 2022,
Registered user

Legal Scammers, Don't use this broker for god's sake

Service use: Live Length of use: 0-3 Months
Hello fellow traders,

One-day the boy from icm and called me and said about ICM and I have no idea how he took my phone number, and he said ICM is FCA regulated, since I already into forex I opened an account and deposited $100 for testing 04.08.2022. EA had strict TP and SL, the first trade opened by EA and it was profit by $0.90, in the EA's trade log all trade's details I can find, after the two trades broker TRADERS were opened 4 manual trades and all trades were lost each loss accrued $3-5, I'm working with the EA last 3 years its never had $3-5 loss in $100 account and even these trades are not opened by EA because no trade history in the log, Finally when I did Withdrawal request of the balance which is $87.73 they sent an email and asked me to confirm there is a $4.78 deduction since I didn’t reach 5 lots trading activity. Finally they approved 82.95 to my skrill wallet, this is completely insane.

I asked them an explanation to the ICM in a below way they had no response and they seems no interested for reply.

“ noticed that some trades opened without my permission, my EA didn’t opened these trades, i didn’t opened these, then who opened these trades?
Order numbers ( 2101025, 2102763, 2102762, 2102779)”

they still has no response which is completely criminal work, these brokers should be blacklisted, my dear fellow traders please don’t use this broker, they're legal scammers, they have no single worry about our hard ear money.

If broker watch this, I need a clear explanation or proof for what happened.
Lagos, Nigeria,
Feb 21, 2022,
Registered user

My money has been returned

Service use: Live Length of use: 0-3 Months
I came back to update on my previous review that my account manager called me to apologize for the misunderstanding and that my trades were not cancelled and now the funds have been sent to my account.

Feb 17, 2022 - 1 Star They canceled my profits of $82,955. If you make profit at all you will be in serious trouble. They only want losing traders. Even after crashing your account and you fund again to try again and then you make profit, no matter how small the profit is, they wont pay you. They will send you email that your trades are invalid. Total scam rubbish.... Dont say you were not WARNED TO STAY AWAY FROM THEM.
TUNDE philps
nigeria, Nigeria,
Aug 31, 2020,

Not encouraging for scalpers ... And excessive fees..

Service use: Live Length of use: 0-3 Months
Let's even ignore the fact that there spreads are not encouraging really for scalping lower timeframes (I was fooled into thinking they were same with ICMarkets, but that's a story for another day)... I placed a sell order on Gold and silver on a $0.01 lot size on my $100 account... After 2-3 hrs i came back on my phone to see that my trade was tho 5pips in the negative .... My mind was shocked when I noticed my balance on those 2 trades were both in -$9.00 and -$5.00 respectively .... And they were just 5pips away from my entry point... How do u explain that??? Shouldn't they both be around $0.80 since they both were placed on a 0.01 lot size??? I have never seen such scam in my trading life.. Those people just want me to blow my small account.. I have to pull out of the broker asap
Nnnn, Malaysia,
Aug 17, 2020,

Lousy company

Service use: Live Length of use: 0-3 Months
Big spread, i deposited 100usd and when i wana withdraw they said i need to trade atleast 5 lots if not i would need to pay 14usd, stay away! There are many good brokers out there!
Turkey istanbul, Turkey,
Jul 6, 2020,
Registered user


Service use: Live Length of use: 0-3 Months
They stole my money ICMcapital.com stole my money and scammed me once they noticed me i made profits they increased spread and once i indicated stop lose (SL) they hitted SL and stole 750$
1 trader has found this review helpful
M. Wahaj Siddiqui
Karachi, Pakistan,
Dec 18, 2019,
Registered user


Service use: Live Length of use: over 1 Year
Been with broker with almost 2 years now. These guys are very professional and have a very best way of dealing with customers. Always respond on every query, and withdrawals are perfectly timed. Customer support is very supportive and helpful.

Highly recommend ICMCAPITAL to all the traders.
Abuja, Nigeria,
Nov 15, 2019,

great experience

Service use: Live Length of use: over 1 Year
fast deposit and withdrawals, fair spread and great customer support. this was also backed by a free training/education for me as a novice. this platform was wonderful and i recommend highly
Brazil, Brazil,
Jul 4, 2019,
Registered user


Service use: Live Length of use: 0-3 Months
My account is 101338.

A few days later, I decided to open an account and made a Webmoney deposit of $ 61.00. And I've been trying to withdraw for a few days now and I can not. I do not see the option of withdrawal via Webmoney. I have tried all the options that appear and my withdrawal is always rejected. this is absurd. The company does not prove to be serious. For it gives me no explanation as to why withdrawal is being rejected. I want my money. I demand this. I look forward to a position of you with urgently.
Mohammad Farid Uddin
Chittagong, Bangladesh,
Dec 22, 2017,

Feeling good

Last 01 year I am trading at ICM Capital.co.uk, I feel-good experience with them
Dec 14, 2017,
Registered user

This broker does not take any responsibility.

This broker does not care about its clients.
You should know that in any situation you are wrong and ICM is right.
They don't guarantee your stop loss, even if it is in profit and your trade closes with a loss.
1 trader has found this review helpful

Frequently Asked Questions

Is ICMCapital regulated?

ICM Capital Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) Register Number: 520965.

What is the leverage scheme for ICMCapital?

The leverage for ICMCapital accounts can vary depending on the price volatility of the underlying asset. The scheme is as following.
  • 30:1 Major currency pairs
  • 20:1 Non-major currency pairs, gold and major indices
  • 10:1 Commodities other than gold and non-major equity indices
  • 5:1 Individual equities and other reference values;

Does ICMCapital offer Islamic (swap-free) accounts?

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions.

ICM Capital does offer swap-free accounts to clients following the Muslim faith.

What is the minimum deposit for ICMCapital accounts?

The minimum deposit for all available ICM Capital accounts is USD 200.00 or equivalent in other currencies.