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ICM Brokers
ICM Brokers Broker Overview
Here is every key fact about ICM Brokers in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | ICM Brokers |
|---|---|
| Broker name | ICM Brokers |
| Foundation year | 1012 |
| Headquarters | USA Level 11, 48 Wall StreetNew York, NY 10005United States of America |
| Country | USA |
| Telephone | +1 212 918 4602 |
| Email / Skype | info@ICMBrokers.com |
| Fax | +1 212 918 4605 |
| Regulated by | — |
| Type of broker | ECN |
| Min. deposit | $300 |
| Max leverage | 1:400 |
| Min. spreads | 2.0 |
| Funding methods | Wire Credit Card WebMoney |
| Withdrawal methods | Wire Credit Card WebMoney |
| Base currencies | USD |
| Languages | English French Spanish |
| Trading platforms | MetaTrader 4 (MT4) |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader 4 (MT4), spreads from 2.0, leverage up to 1:400 and a $300 minimum deposit. New clients can also check the current Yes.
Is ICM Brokers Safe? Regulation and Company Details
ICM Brokers does not list a regulator on its profile, so treat it as an unregulated broker. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
No regulator is listed on the broker profile.
Head office
USA Level 11, 48 Wall StreetNew York, NY 10005United States of America (USA)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 1012. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:400.
ICM Brokers Trading Conditions
Spreads and commissions
ICM Brokers spreads start from 2.0. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:400, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4 (MT4)
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This ICM Brokers review covers regulation, fees, platforms and bonuses.
Official website: ICM Brokers
ICM Brokers Account Types
ICM Brokers offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $300 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at ICM Brokers
ICM Brokers supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
ICM Brokers Bonus and Promotions
Bonuses are a big reason traders search for ICM Brokers. Availability depends on your country and the account type.
- Yes — the current promotion for ICM Brokers clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official ICM Brokers website before accepting any offer.
ICM Brokers Pros and Cons
Pros
- Yes
- Low $300 minimum deposit
- Spreads from 2.0, ECN execution
- MetaTrader 4 (MT4)
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
- Free demo account
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open an ICM Brokers Account
- RegisterFill in your name, email, country and phone number on the ICM Brokers sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $300 with your preferred method, claim any eligible bonus, then log in and start trading.
About ICM Brokers
ICM Brokers Review: Overview
ICM Brokers is an ECN forex broker that lists its head office in the United States, at Level 11, 48 Wall Street, New York, NY 10005. According to the information available for this profile, the company was established in 1012. That date is unusual and should be checked against the broker's official website before you rely on it. The broker's website is available in English, French and Spanish, and you can visit it at icmbrokers.com.
ECN brokers route client orders to liquidity providers rather than trading against clients directly. In practice, this means the pricing and execution you see depend heavily on market conditions and the broker's liquidity arrangements. ICM Brokers offers a range of account types and trading tools, which makes it relevant to traders who want flexibility. However, the most important question for any trader is safety, and that is where this review starts.
Regulation and Safety
ICM Brokers is listed as not regulated. This is the most significant point in this review. A regulated broker is supervised by a financial authority that sets rules on capital, client money handling and complaints. An unregulated broker operates without that oversight, so you have fewer formal protections if something goes wrong.
The broker does state that client funds are segregated, which means client money is meant to be kept separate from company money. Segregation is a useful feature, but it is not the same as regulation. It is also a claim you should verify directly with the broker, ideally by asking for written confirmation of how client funds are held.
Before opening an account, check the broker's official website for its legal entity, its registered address and any compliance information. If you cannot find clear details, treat that as a warning sign.
Account Types
ICM Brokers offers a broad selection of account options. The broker lists the following:
- Free demo account: lets you practise with virtual funds before risking real money. This is a good starting point for beginners.
- Mini accounts: designed for traders who want to start with smaller position sizes.
- VIP accounts: higher-tier accounts. Ask the broker for the specific requirements and benefits, as these are not detailed in the information available here.
- Islamic accounts: swap-free accounts that follow Sharia-compliant principles, with no overnight interest charged.
- Swap-free accounts: accounts without overnight swap charges, which may suit traders who hold positions for longer periods.
- Managed accounts: accounts where trading is handled on the client's behalf. Read the terms carefully to understand the fees and the level of control you keep.
The base currency for accounts is USD. If you hold funds in another currency, check how conversion costs will affect your balance.
Trading Platforms
ICM Brokers offers MetaTrader 4 (MT4), one of the most widely used retail trading platforms. MT4 supports charting, technical indicators, automated trading tools and a range of order types, and many traders already know how to use it.
The broker also provides web trading, so you can trade from a browser without installing software, and mobile trading for managing positions on the go. Web and mobile access make it easier to monitor the market, though you should always test any platform on a demo account first.
Spreads, Fees and Leverage
Spreads at ICM Brokers start from 2.0, as listed in the broker's information. The spread unit and the typical spread on each instrument are not given here, so check the live pricing and contract specifications on the official website. Spreads are only one part of trading costs. Commissions, swap charges and withdrawal fees can also apply, so read the fee schedule before you trade.
Maximum leverage is 1:400. High leverage can increase both profits and losses, and it can wipe out your account quickly. Leverage may also vary by country and account type, so confirm what applies to you. Trading forex and CFDs on leverage carries a high risk of losing money, and you should only trade with funds you can afford to lose.
The minimum deposit is 300. This is a fixed starting requirement, but it may be a meaningful barrier for newer traders who want to test the broker with a small amount.
Trading Rules
ICM Brokers allows hedging, scalping and news trading. These strategies suit different types of traders, but they also carry different risks. Scalping, for example, depends heavily on execution speed and spread stability, while trading around news releases can produce sharp price moves and slippage. Make sure you understand how these strategies work before you apply them with real money.
Deposits and Withdrawals
You can deposit funds by wire transfer, credit card or WebMoney. Withdrawals use the same methods: wire transfer, credit card or WebMoney. Having the same options for both directions can make it simpler to manage your money.
Processing times, minimum withdrawal amounts and any fees are not detailed in the information available here. Ask the broker before you deposit, and keep records of every transaction. Check whether your preferred payment method is accepted in your country.
Bonuses
ICM Brokers offers a welcome bonus and other promotions. There is no no-deposit bonus. Bonus amounts, eligibility rules, wagering requirements and expiry periods are not listed in the information available for this review, so you should read the full bonus terms on the official website before you claim anything.
As a general rule, bonuses often come with conditions, such as minimum trading volumes or restrictions on withdrawing bonus funds. Bonus terms can also change, so check them at the time you open an account. Do not let a bonus push you into trading more than you planned.
Customer Support
The information available for this profile does not include details of customer support channels, opening hours or response times. Before opening an account, contact the broker with a question about your account and see how quickly and clearly they reply. Your experience with support is a useful indicator of how the broker handles problems.
Pros and Cons
Pros
- ECN model, with client orders routed to liquidity providers.
- MetaTrader 4 is available, along with web and mobile trading.
- Free demo account for practice.
- Several account types, including Islamic, swap-free, mini, VIP and managed accounts.
- Segregated client funds, according to the broker's information.
- Welcome bonus and other promotions are offered.
- Website available in English, French and Spanish.
- Deposit and withdrawal methods are the same: wire transfer, credit card and WebMoney.
Cons
- The broker is not regulated.
- The establishment date listed (1012) is unusual and needs verification.
- The minimum deposit of 300 may be high for beginners.
- Spread details are limited to a starting figure from 2.0.
- Bonus details, customer support information and withdrawal processing times are not clearly available in this review.
- The range of payment methods is fairly narrow.
Verdict
ICM Brokers offers a wide range of account types, a well-known platform in MetaTrader 4, web and mobile access, and a free demo account. Its segregated funds policy and welcome bonus add to its appeal. However, the lack of regulation is a serious concern, and several key details, including the establishment date, bonus conditions and support options, need to be confirmed directly with the broker.
This broker may suit experienced traders who understand the risks of unregulated providers and are prepared to check the terms carefully. Beginners should start with the demo account and consider regulated alternatives before depositing. Whatever you choose, trading forex and CFDs on leverage carries a high risk of losing money, so manage your exposure and never risk more than you can afford to lose.
Frequently Asked Questions
Is ICM Brokers regulated?
No. The broker is listed as not regulated, so you have fewer formal protections than with a regulated provider. Check the official website for any compliance information before you open an account.
What is the minimum deposit at ICM Brokers?
The minimum deposit is 300. Confirm the current requirement on the broker's website before you fund an account, as terms can change.
Does ICM Brokers offer a demo account and Islamic accounts?
Yes. The broker offers a free demo account and Islamic swap-free accounts. Check the account terms to confirm what applies to your country.
How can I deposit and withdraw money?
You can deposit and withdraw by wire transfer, credit card or WebMoney. Ask the broker about processing times and any fees before you transact.
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose ICM Brokers?
ICM Brokers offers a $300 entry cost, MT4 platforms and a track record since 1012.
ICM Brokers suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
