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ICM Brokers-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2025-05-23 13:50

Abstract:ICM Brokers, established in 2009, is a broker registered in the Marshall Islands that provides CFD trading on forex, commodities, indices, stocks, and cryptocurrency. While the broker offers MetaTrader 4 platforms and a 20-day sample account, there is no regulatory monitoring or transparency about fee structures.

ICM Brokers Review Summary
Founded2009
Registered RegionMarshall Islands
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices, Stocks, Cryptos (all as CFDs)
Demo Account✅
LeverageUp to 1:400 (Standard/Prime),
Up to 1:5 (Crypto)
Spread (EUR/USD)From 2 pips (Standard account, fixed)
Trading PlatformMT4 Windows, MT4 WebTerminal, MT4 Mobile, MT4 MultiTerminal
Minimum Deposit$50
Customer SupportLive Chat
Phone: +1-539-207-9177
Email: info@icmbrokers.com

ICM Brokers Information

ICM Brokers, established in 2009, is a broker registered in the Marshall Islands that provides CFD trading on forex, commodities, indices, stocks, and cryptocurrency. While the broker offers MetaTrader 4 platforms and a 20-day sample account, there is no regulatory monitoring or transparency about fee structures.

ICM Brokers' homepage

Pros and Cons

ProsCons
Wide range of tradable instrumentsNot regulation
Offers MetaTrader 4 across all major devicesHigh spreads on Standard account
Supports multiple live accounts and demo accessNo Islamic account

Is ICM Brokers Legit?

ICM Brokers is not a regulated brokerage. It is registered in the Marshall Islands, a country that lacks a recognized financial regulatory authority for forex or brokerage services.

No license

Its domain, icmbrokers.com, was registered on October 27, 2007, and is still live with transfer restrictions in place. Despite being online for some years, it operates without governmental monitoring, posing a significant risk to investors.

Domain information

What Can I Trade on ICM Brokers?

Tradable InstrumentSupported
Forex✔
CFDs✔
Commodities✔
Indices✔
Stocks✔
Cryptos✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on ICM Brokers?

Account Types

ICM Brokers provides three live account options and one demo account. It does not mention any Islamic accounts.

The Standard and Prime accounts are for general traders of various skill levels, and the Crypto account is for crypto-focused traders.

A demo account is available, with a free trial period of 20 days.

Account TypeMinimum DepositLeverageSpreadSuitable for
Standard Account$50Up to 1:400Fixed, from 2 pipsAll-level traders
Prime AccountMarket, from 1.2 pipsIntermediate & experienced
Crypto Account$1,000Up to 1:5Market (Crypto only)Crypto-focused, higher capital
Account Type

Leverage

ICM Brokers provides leverage of up to 1:400 on Standard and Prime accounts, and 1:5 on Crypto accounts. High leverage enables greater bets with less cash, but it also raises the danger of significant losses.

ICM Brokers Fees

ICM Brokers' fees are generally comparable to industry standards, while spreads on the Standard account are somewhat high.

Account TypeSpreadCommission
StandardFixed, from 2 pips❌
PrimeMarket, from 1.2 pips❌
Account comparison

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4 Windows✔Windows PCsAll traders; supports EAs & analysis
MT4 WebTerminal✔All browsers (Web-based)Traders who prefer no software installation
MT4 Mobile✔iOS & Android devicesTraders who trade on the go
MT4 MultiTerminal✔Windows PCsManagers handling multiple accounts
MT5❌/Experienced traders
Trading Platform
LeverageBrokerCommissionCurrency PairDealer

Related broker

No Regulation
ICM Brokers
Company name:International Capital Markets Brokers LLC
Score
2.37
Website:https://icmbrokers.com
5-10 years | Suspicious Regulatory License | MT4 Full License | White label MT5
Score
2.37

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