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FOREX.com , ICM Broker Comparison

Do you want to know which is the better broker between FOREX.com and ICM ?

In the table below, you can compare the features of FOREX.com , ICM side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
FOREX.com
8.46
Domestic Regulation
Under guarantee
15-20 years
ASIC,FCA,FSA,NFA,CIRO,MAS
--
AAA
AA
363.4
117
117
188
1812
1812
1360
A
--
25
-1
27
C
15.77 USD/Lot
48.85 USD/Lot
AAA

Long: -0.73

Short: 0.12

Long: -4.25

Short: 2.12

AAA
0.1
130.1
STP PRO,COMMISSION,Standard
60 currency pairs Gold & silver
$25,000
--
--
0.00
--
--
--
ICM
6.39
Regulated
Under guarantee
10-15 years
FCA,LFSA,AMF
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ICM Zero,ICM Direct
Forex, Metals, Futures , Shares, and Cash CFDs
--
1:30
--
50.00
--
0.01 of a Standard Lot
--

FOREX.com 、 ICM BrokersRelevant information

FOREX.com 、 ICM BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of forex-com, icm-capital lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

forex-com

Let's start here:

Forex.com is a major player in forex trading, providing various options including currencies, commodities, indices, and cryptocurrencies. Their platforms, like the popular MetaTrader 4, are available worldwide to meet different trader preferences. Backed by robust regulation and a strong focus on security, Forex.com is a favored choice for professionals looking for an all-encompassing trading experience. Now, let's delve deeper to verify if Forex.com lives up to its reputation.

Quick Forex.com Review in 10 Key Points
Registered in USA
Regulated by FCA (UK), IIROC (Canada), NFA(USA), ASIC (Australia), and CySEC (Cyprus), MAS ( Singapore), CIMA ( Cayman Islands)
Year(s) of incorporation More than 20 years
Market instruments currency pairs, precious metals, energies, indices, bonds, cryptocurrencies and equities
Minimum initial deposit $100
Maximum leverage Variant
Minimum spread Floating
Trading platform Forex.com and MT5
Deposit and withdrawal methods credit card (Visa, Mastercard, Maestro), bank wire transfer, Skrill and Neteller
Customer Service E-mail address/live chat

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of Forex.com

Pros Cons
  • Well-regulated
  • Less user-friendly for novice traders
  • Wide variety of investment products
  • An inactivity fee applied after 12 months of no account activity
  • Advanced trading tools
  • High stock trading fees
  • Low forex fees, no fx commissions
  • Multiple trading platforms available
  • Decent customer service
  • Negtive balance protection

What is Forex.com?

Forex.com is one of the most respected and trusted forex brokers in the foreign exchange trading industry. Founded in 2001, Forex.com is a global company licensed and regulated by several reputable regulatory authorities, including ASIC in Australia, FCA in the United Kingdom, FSA in Japan, NFA in the United States, IIROC in Canada, CIMA in the Cayman Islands and MAS in Singapore. These regulators are known for their strict compliance and oversight requirements, which means that Forex.com is required to meet high ethical and operational standards to protect its clients and ensure the safety of their funds.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

basic-info

Broker type

Pros Cons
Offers tighter spreads Acts as counterparty in the operations of its customers
Guarantees the execution of operations under normal market conditions. There may be conflicts of interest
Can offer a greater amount of liquidity and depth in the marketplace Traders do not have direct access to the interbank market.
Offers an easy to use and customizable trading platform Traders may prefer ECN or STP brokers.

Forex.com is a worldwide forex broker offering online trading services in multiple markets, including forex, indices, commodities, cryptocurrencies and stocks.

Forex.com is a Market Maker broker, which means that it acts as a counterparty to its clients' trades, rather than sending trades to the interbank market. As such, Forex.com can offer tighter spreads and guarantee execution of trades under normal market conditions. However, some traders may prefer ECN or STP brokers, which send trades directly to the interbank market and do not act as a counterparty to their clients.

Is Forex.com legit?

Yes, Forex.com operates legally. Forex.com, a globally recognized broker, is part of an international holding company regulated by reputable authorities worldwide, including the FCA (UK), IIROC (Canada), NFA(USA), ASIC (Australia), and CySEC (Cyprus), MAS ( Singapore), CIMA ( Cayman Islands).

Regulated Country Regulated Authority Regulated Entity License Type License Number
ASIC STONEX FINANCIAL PTY LTD Market Making(MM) 345646
FCA Gain Capital UK Limited Market Making(MM) 113942
FSA GAIN Capital Japan Co., Ltd Retail Forex License 関東財務局長(金商)第291号
NFA GAIN CAPITAL GROUP LLC Market Making(MM) 0339826
IIROC GAIN Capital - FOREX.com Canada Ltd. Market Making(MM) Unreleased
CIMA GAIN Global Markets, Inc Market Making(MM) 25033
MAS STONEX FINANCIAL PTE. LTD. Retail Forex License Unreleased

Forex.com's Australian entity, STONEX FINANCIAL PTY LTD, regulated by the ASIC in Asutralia under regulatory number 345646, holding a license for Market Making(MM).

regulation

Forex.com's UK entity, Gain Capital UK Limited, regulated by tier-one regulatory FCA under regulatory number 113942, holding a license for Market Making(MM).

regulation

The entity based in Japan, GAIN Capital Japan Co., Ltd, regulated by FCA under regulatory number 関東財務局長(金商)第291号, holding a license for Retail Forex License.

regulation

GAIN CAPITAL GROUP LLC, the US entity, regulated by the NFA under regulatory number0339826, holding a license for Market Making(MM).

regulation

Candian entity, GAIN Capital - FOREX.com Canada Ltd., is regulated by the IIROC, holding a license for Market Making (MM), with license unreleased.

regulation

GAIN Global Markets, Inc, another entity in the Cayman Islands, regulated by CIMA under regulatory number 25033, holding a license for Market Making (MM).

regulation

STONEX FINANCIAL PTE. LTD., the entity in Singapore, regulated by the MAS in Singapore, holding a license for retail forex.

regulation

Market instruments

Pros Cons
It offers a wide variety of trading instruments, allowing traders to find opportunities in different markets. Offering a wide variety of trading instruments, it can be overwhelming for traders who are new to the market and do not have experience in all available markets.
Diversification of trading instruments can help traders manage the risk of their portfolios. Some trading instruments may have higher costs in terms of spreads or commissions, which may reduce the profitability of trades.
Forex.com offers a variety of market analysis and education tools to help traders make informed decisions about trading instruments. Traders may find that the variety of trading instruments may be too wide, making it difficult to identify profitable trading opportunities.

Forex.com offers a wide variety of trading instruments, including currency pairs, precious metals, indices, futures and options, stocks. Traders have a wide range of options to choose from and can find opportunities in a variety of markets.

products

Forex.com Minimum Deposit

The minimum deposit amount required to register a Forex.com Standard live trading account is $100 USD, which is quite friendly to most investors.

Here is the table showing the comparison of Forex.com minimum deposit with other brokers:

Broker Minimum Deposit
label
$100
label
$10
label
$5
label
$200

Forex.com Account Types

Pros Cons
Demo account available for risk-free practice No Islamic account offered for traders who follow Shariah law
Offers two account types to suit different trading needs The standard account has wider spreads compared to the MT5 account.
The standard account is ideal for traders looking for a wide variety of advanced charting tools and a wide selection of markets. MT5 account can be more complex for beginner traders
Both accounts offer access to Forex.com's award-winning, technologically advanced and easy-to-use trading platform. The MT5 account has a more limited selection of markets to trade compared to the standard account.
Customers can switch between the two accounts at any time to meet their business needs. The standard account does not offer multi-asset class trading, like the MT5 account.

Forex.com offers its clients two types of trading accounts: the standard account and the MT5 account. The standard account is ideal for traders looking for a wide range of advanced charting tools with more than 80 technical indicators and a wide selection of markets to trade with competitive spreads starting from 0.8 pips on the EUR/USD currency pair. In addition, this account does not charge commissions on over 300 markets. On the other hand, the MT5 account is ideal for traders looking for up-to-date tools and analysis, multi-asset class trading, expert advisors and custom indicators. Both accounts offer access to Forex.com's award-winning, technologically advanced and easy-to-use trading platform. In addition, clients can switch between the two accounts at any time to suit their trading needs.

account-types

Forex.com Demo Account

Forex.com provides beginners with demo accounts, allowing them to practice in a real trading setting without any financial risks. Demo accounts come with $50,000 in virtual funds and are active for 30 days from the time of registration. Please be aware that once this period ends, you won't be able to access the demo account with the same login details. Notably, each email address can only be used to open one demo account for each type, whether it's on FOREX.com platforms or MetaTrader.

With Forex.com demo accounts, you can enjoy the following features:

  • $50,000 virtual funds

  • Demo accounts active for 30 days

  • Access to 80+ tradable FX pairs, plus gold and silver

  • Using customizable charts

Here is the simple demo account sign-up process for you to follow:

Step 1: click the “Free Demo Account” button on the “Account” Navigation section;

demoa-acount

Step 2: Fill in your full name, email and phone number in the form, and then click “ I'm not a robot” for verification.

demo -account

Step 3: After a simple registration, you can use the demo account and start trading.

Spreads and commissions

Pros Cons
Low spreads on a wide range of instruments Spreads can be variable and can widen during periods of high volatility.
Low commissions for stock trading Forex.com is a Market Maker broker, which means that there may be a conflict of interest.
Average speed of fast execution It does not offer trading accounts with variable spreads.
Very low spreads on the EUR/USD currency pair Some traders may prefer ECN or STP brokers that send trades directly to the market.
Low spreads for spot oil trading
Low spreads for gold trading

Forex.com offers competitive spreads and low commissions on a wide range of trading instruments. Spreads for the EUR/USD currency pair start from as low as 0.018 pips, which is very low compared to other brokers. In addition, spreads for the Germany 40 and UK 100 indices start from 1 pip, and commissions for trading stocks start from 0.1%. Traders can also trade spot oil with spreads starting from 0 pips, which can be very attractive for those interested in commodity trading. In addition, the average trade execution speed on Forex.com is 0.04 seconds, which means that traders can expect fast execution of their trades. Finally, spreads for gold start as low as 0.15 cents, which can be very attractive for traders looking to trade the precious metals markets.

spread-commission

Trading Platform

Pros Cons
Forex.com's MT5 platform is fast and offers a wide range of technical analysis tools and resources. Some traders may prefer other popular platforms such as MetaTrader 4.
The MT5 platform can be customized to each trader's preferences. Traders who prefer a simpler platform may find the Forex.com platform a bit overwhelming.
The Forex.com platform is easy to use and designed to provide an intuitive trading experience. The Forex.com platform is not as advanced as MT5 and may not be suitable for more experienced traders looking for more advanced tools.

Forex.com offers its clients the MT5 trading platform, one of the most popular and advanced trading platforms on the market. MT5 is known for its fast order execution and wide range of technical analysis tools and resources. In addition, traders can customize the platform according to their needs and preferences.

In addition to MT5, Forex.com also offers its own trading platform, the Forex.com platform. This platform is easy to use and is designed to provide an intuitive and customizable trading experience. The Forex.com platform features advanced trading tools, real-time charting and a wide range of technical indicators, making it a good choice for traders of all experience levels.

trading-platform

Forex.com Margin

Margin on Forex.com is a financial requirement that traders must meet in order to maintain their open positions. The margin requirement varies by platform (FOREX.com or MetaTrader), market, asset class and position size. Each instrument on Forex.com has its own margin information that can be found on the market information sheet on the FOREX.com platforms. To calculate the margin required to open a position, simply multiply the total nominal value of the trade (quantity x instrument price) by the margin factor. Traders can use the platform's margin calculator to find out the margin required before opening a position. In addition, Forex.com allows monitoring the margin requirements of each position individually and reviewing the total margin requirement of the account through the Margin Indicator. It is important to remember that the margin requirement may change over time as market prices fluctuate.

Negative balance protection

Forex.com offers negative balance protection on all of its trading accounts. This means that clients cannot lose more money than they have in their account, providing an additional layer of security and peace of mind in trading. In the event that an extreme market situation occurs and a position moves against the client, Forex.com will automatically close the position before the account balance falls below zero. This protection helps limit risk for clients and is an important feature to consider when choosing a forex broker.

Deposit and Withdrawal

Forex.com offers several payment methods for depositing and withdrawing funds, such as credit card (Visa, Mastercard, Maestro), wire transfer, Skrill and Neteller. Deposits are processed within 24 hours, which means traders can start trading quickly. Withdrawals are also fast, usually taking 1-2 business days to process. It is important to note that Forex.com does not charge any additional fees for deposits or withdrawals, but payment service providers may impose their own fees.

deposit-withdrawal

Forex.com Education

Forex.com offers a wide variety of tools and resources to help traders make informed decisions, including technical analysis, economic calendars, real-time news, free webinars and seminars, and a free demo account to practice and improve trading skills.

educational-resources

Forex.com Customer Service

Forex.com offers exceptional customer service, with 24-hour support in multiple languages via live chat, email and address. In addition, the broker has an extensive online help center covering topics from account opening to trade execution and risk management. It also offers a news and analysis section, which includes an economic calendar and real-time market news, allowing clients to stay informed and make informed decisions. Overall, Forex.com demonstrates a strong commitment to customer satisfaction and provides all the tools necessary for traders to succeed in their trading experience.

E-mail: support@forex.com

Address: 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA

Conclusion

In summary, Forex.com is a well-regulated and respected broker with a wide variety of trading instruments and easy-to-use trading platforms. With its solid reputation in the industry and its focus on security and protection of client funds, Forex.com is an attractive option for traders looking for a reliable and secure broker.

Frequently asked questions about Forex.com

Q: Does Forex.com offer a demo account for practice?

A: Yes, Forex.com offers a free demo account for traders who want to practice before trading with real money. The demo account offers full access to the trading platforms and market analysis tools for a limited period of time.

Q: What is the minimum deposit to open an account at Forex.com?

A: The minimum deposit to open a Forex.com account varies depending on the type of account the trader chooses and the trader's location. In some cases, it can be as low as 10 0 dollars.

Q: Does Forex.com charge commissions for trades?

A: Forex.com charges commissions for some trades, such as stock trading. However, it does not charge commissions in most markets. Instead, Forex.com earns profits through the spread between the bid and ask prices of assets.

Q: Does Forex.com have any kind of training or education program for traders?

A: Yes, Forex.com offers a wide variety of educational resources for traders of all levels, including live webinars, seminars, trading guides, articles and educational videos.

Q: What payment methods does Forex.com accept?

A: Forex.com accepts various payment methods, including credit and debit cards, bank transfers, as well as electronic payment systems such as Skrill and Neteller. Processing times and deposit and withdrawal limits may vary depending on the method chosen and the trader's location.

icm-capital
ICM Review Summary in 10 Points
Founded 2009
Headquarters London, UK
Regulation FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs
Market Instruments Forex, precious metals, stocks, futures, securities, cryptocurrencies CFD
Demo Account Available
Leverage 1:200
EUR/USD Spread 1.2 pips
Trading Platforms MT4, MT5, cTrader
Minimum deposit $200
Customer Support 24/5 live chat, phone, email, WhatsApp or send messages

What is ICM?

ICM, or ICM Capital, is a UK-based online forex and CFD trading provider. It was established in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company offers trading services in a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. ICM also provides clients with access to the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms, and offers multiple account types to cater to the needs of different traders.

ICM's website

Pros & Cons

ICM offers several advantages for traders, including the provision of the popular MetaTrader platform and a wide range of tradable instruments across multiple asset classes. The broker is also regulated by reputable authorities.

However, there are some drawbacks, such as limited educational resources and research tools. Additionally, ICM is not available for clients in certain jurisdictions.

Pros Cons
• Regulated by multiple authorities • Limited educational resources
• Commission-free trading • No 24/7 customer support
• Islamic accounts offered • Limited research tools
• Negative balance protection
• MR4, MT5, cTrader supported

Note: The above table is based on general observations and may not be comprehensive. Pros and cons may vary depending on individual preferences and requirements.

ICM Alternative Brokers

There are many alternative brokers to ICM, each with their own unique features and offerings. Some popular alternatives include:

  • eToro: eToro is a well-known broker that offers social trading, allowing traders to follow and copy the trades of other successful traders.

  • IG: IG is a broker that offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.

  • XM: XM is a broker that offers low spreads and competitive pricing, as well as a range of educational resources for traders.

  • Plus500: Plus500 is a broker that offers commission-free trading and a range of trading instruments, including forex, stocks, and cryptocurrencies.

  • FXTM: FXTM is a broker that offers a range of trading platforms and a variety of trading instruments, including forex, stocks, and commodities.

  • It's important to do your own research and compare the features, fees, and offerings of different brokers before choosing one that best fits your trading needs and preferences.

Is ICM Safe or Scam?

ICM is a legitimate forex and CFD broker that is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA), Financial Services Commission of Mauritius, etc. The company also uses advanced security measures to protect clients' funds and personal information.

However, as with any financial service provider, it is always important to do your own research and due diligence before opening an account and investing your money.

How are you protected?

ICM protect their clients with many different protection measures. Specific details can be found in the table below:

Protection Measures Description
Regulation FCA, FSC, LabuanFSA, FSA, ARIF, CABs, QFC
Negative Balance Protection Clients can not lose more than their account balance in the event of a market downturn
Segregated Accounts Protect clients in the unlikely event of the broker's insolvency
SSL Encryption ICM's website and trading platforms use SSL encryption to ensure that all client information and transactions are secure
Two-Factor Authentication As an additional security measure to protect client accounts from unauthorized access

It's worth noting that while these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose.

Our Conclusion on ICM Reliability:

Based on the regulatory oversight, client fund protection, and risk management policies of ICM, it can be considered a relatively reliable broker. It is regulated by several reputable financial authorities, and it implements measures to ensure the security of its clients' funds.

However, like any other broker, there are still risks associated with trading, such as market volatility and price fluctuations, which should be taken into consideration. Though these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose

Market Instruments

ICM offers a variety of trading instruments across different asset classes, including:

  • Forex: ICM offers over 60 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and many more.

  • Precious metals: ICM provides trading opportunities for precious metals, including gold and silver, which are traded as CFDs.

  • Stocks: ICM allows clients to trade stocks from some of the world's most popular stock exchanges, including the NYSE and NASDAQ.

  • Futures: ICM provides access to futures contracts from various markets, including indices, commodities, and currencies.

  • Securities: ICM offers trading in bonds, bills, and notes issued by governments and corporations.

  • Cryptocurrencies CFDs: ICM also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as CFDs.

    It's worth noting that the availability of trading instruments may vary depending on the jurisdiction of the client.

Accounts

ICM offers two account types: ICM Direct (ECN) and ICM ZERO.

The ICM Direct (ECN) account has variable spreads starting from 1.2 pips and requires a minimum deposit of $200. It also offers a maximum leverage of 1:200.

The ICM ZERO account has spreads starting from 0.0 pips with a commission of $7 per lot traded and requires a minimum deposit of $1,000. It also offers a maximum leverage of 1:200. Both accounts offer access to the MT4, MT5 and cTrader trading platforms.

Leverage

ICM offers leverage up to 1:200 for forex trading. However, the maximum leverage available for other instruments such as indices, commodities, and cryptocurrencies may vary depending on the instrument and market conditions.

It is important to note that while leverage can increase potential profits, it also amplifies potential losses, and traders should use it with caution and employ appropriate risk management strategies.

Spreads & Commissions

ICM offers variable spreads, which means that the spread can fluctuate depending on market conditions. The spread for EUR/USD can start from as low as 1.2 pips on the ICM Direct account, while on the ICM ZERO account the spread can be as low as 0.0 pips, but with a commission of $7 per lot.

It's important to note that the spreads and commissions may vary depending on the account type, trading instrument, and market conditions. It's always recommended to check the latest information on the ICM website or trading platform.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
ICM 1.2 pips 0 ($7 per lot on ICM ZERO account)
eToro 1.0 pips 0
IG 0.75 pips 0
XM 0.9 pips 0
Plus500 0.6 pips 0
FXTM 1.3 pips 0

Note: Spreads and commissions are subject to change and may vary depending on the account type and trading platform used.

Trading Platforms

ICM offers MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader as trading platforms.

MetaTrader4 is a widely used platform among traders and offers a range of features such as automated trading and advanced charting tools.

MetaTrader5 is the successor to MT4 and includes additional features such as more advanced trading tools and indicators.

cTrader is a popular platform among ECN traders and offers advanced charting tools, level 2 pricing, and other advanced features.

Overall, ICM's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
ICM MT4, MT5, cTrader
eToro eToro Platform
IG IG Platform
XM MT4, MT5
Plus500 Plus500 Platform
FXTM MT4, MT5

Deposits & Withdrawals

ICM offers several deposit and withdrawal options for its clients.

Deposit methods include bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and China Union Pay. Withdrawal methods include bank wire transfer, Skrill, Neteller, FasaPay, and China Union Pay.

ICM does not charge any deposit or withdrawal fees, but fees may be charged by the payment provider. Withdrawals are usually processed within 24 hours, but may take longer depending on the payment method.

The minimum deposit amount for ICM Direct account is $200 and for ICM Zero account is $1,000.

ICM minimum deposit vs other brokers

ICM Most other
Minimum Deposit $200 $100

ICM Money Withdrawal

To withdraw funds from your ICM trading account, you need to follow these steps:

Step 1: Log in to your ICM client portal.

Step 2: Click on the “Withdrawal” button.

Step 3: Select the payment method you want to use.

Step 4: Enter the amount you want to withdraw and fill in any required details.

Step 5: Submit your withdrawal request.

ICM will then process your withdrawal request and send the funds to the payment method you selected. The processing time can vary depending on the payment method and your bank's processing times. It is recommended to check with your payment provider for more information.

Fees

ICM charges various fees that traders should be aware of. Apart from spreads and commissions, there are also some other fees that will be charged.

  • Inactivity fee: If an account is inactive for 180 days, ICM charges an inactivity fee of $50 per month.

  • Overnight swap fees: ICM charges overnight swap fees on positions held open overnight, which can be either positive or negative, depending on the trading instrument.

  • Conversion fees: If traders deposit or withdraw funds in a currency different from their account currency, ICM charges a conversion fee of 2%.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
ICM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 180 days of inactivity
eToro Free $5 $10/month after 12 months of inactivity
IG Free for most methods, bank wire may incur a fee $1.20 per withdrawal £12/month after 24 months of inactivity
XM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 90 days of inactivity
Plus500 Free $1.3 - $39 depending on the withdrawal method used $10/month after 3 months of inactivity
FXTM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 6 months of inactivity

It is important to note that fees may vary depending on the account type, trading instrument, and market conditions. Traders should always check the latest fee schedule on ICM's website before trading.

Customer Service

ICM offers customer support 24/5 via live chat, phone, email, WhatsApp or send messages online to get in touch.

You can also follow some social networks such as LinkedIn, YouTube, Instagram, Facebook and Twitter.

Pros Cons
• 24/5 customer support via phone, email, and live chat • No 24/7 customer support
• Personal account managers for certain account types • No in-person customer support
• Multilingual customer support • Limited educational resources on customer support page
• Quick response times to customer inquiries

Note: These pros and cons are subjective and may vary depending on the individual's experience with ICM's customer service.

Overall, ICM's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Conclusion

In conclusion, ICM is a regulated broker that offers a range of trading instruments and account types. The broker has a strong emphasis on customer protection and provides negative balance protection to its clients. Additionally, the broker offers a demo account for traders to practice their trading strategies before investing real money.

ICM offers two account types with different spreads and commissions, and clients can choose between MT4, MT5, and cTrader as their trading platforms. The broker offers multiple deposit and withdrawal options, and fees are relatively competitive compared to other brokers in the industry.

In terms of customer service, ICM has a knowledgeable support team that can be reached through email, phone, or live chat. However, the broker's educational resources could be more extensive to cater to novice traders.

Frequently Asked Questions (FAQs)

Q 1: Is ICM regulated?
A 1: Yes. It is regulated by FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs.
Q 2: At ICM, are there any regional restrictions for traders?
A 2: Yes. ICM does not provide services to residents of the USA, North Korea and a few other countries.
Q 3: Does ICM offer industry-standard MT4 & MT5?
A 3: Yes. Both MT4 and MT5 are available. It also supports cTrader.
Q 4: What is the minimum deposit for ICM?
A 4: The minimum deposit requirement at ICM is $200.
Q 5: Is ICM a good broker for beginners?
A 5: Yes. ICM is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement on the leading MT4 and MT5 platforms.

Are the transaction costs and expenses of forex-com, icm-capital lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive forex-com and icm-capital are, we first considered common fees for standard accounts. On forex-com, the average spread for the EUR/USD currency pair is -- pips, while on icm-capital the spread is --.

Which broker between forex-com, icm-capital is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

forex-com is regulated by ASIC,FCA,FSA,NFA,CIRO,MAS. icm-capital is regulated by FCA,LFSA,AMF.

Which broker between forex-com, icm-capital provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

forex-com provides trading platform including STP PRO,COMMISSION,Standard and trading variety including 60 currency pairs Gold & silver. icm-capital provides trading platform including ICM Zero,ICM Direct and trading variety including Forex, Metals, Futures , Shares, and Cash CFDs.

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