ICM Information

ICM is an offshore regulated broker, offering trading on forex, US stocks, precious metals, index futures, energy futures, cryptocurrencies CFDs with leverage up to 1:200 and spread from 0.0 pips on the MT4, MT5, and cTrader platforms. However, it does not provide services for residents of the USA, North Korea, and China .

Pros and Cons

Is ICM Legit?

ICM is licensed by FSA with license number SD201 to offer services. However, it is offshore regulated, which means potential risks may exist.

What Can I Trade on ICM?

ICM offers trading on forex, US stocks, precious metals, index futures, energy futures, and cryptocurrencies CFDs.

Account Type

The broker offers Islamic accounts and demo accounts.Besides, below are three live account types ICM offers.

Leverage

The broker offers maximum leverage at 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

ICM Fees

Spreads & Commissions

Only FX and Metal have commissions – No commission is charged for all other products.

Swap Rates

Different products have different swap rates.

Note: If you hold a position overnight on a Wednesday, the swap charges that are earned or paid on a daily basis are three times the normal amount. Swap charge on US stocks, Cash CFDs, Bitcoin and Turkish Lira will appear as “Admin Charge”.

Trading Platform

Deposit and Withdrawal

ICM accepts payments via credit, debit cards and bank transfers. It cannot be held accountable for any bank charges but bares all costs for clients who deposit via credit card.

Funds will be deposited in your trading account within 1 business day after the funds hit ICM Capitals account. Withdrawal requests are processed on your trading account within 24 working hours from the receipt of the request; however, the receipt of the actual funds may vary depending on the withdrawal method.

Bonus and Promotions

There are plenty of promoting activities available on ICM's platform. For now, refer to a friend and you'll get a $150 bonus.

ACY Securities Information

ACY Securities is a broker that provides traders access to various opportunities across global financial markets, including forex, commodities, indices, cryptocurrencies, ETFs, shares, precious metals, and futures. The broker also offers up to 5000x leverage and different accounts. The minimum spread is from 0.0 pips, and the minimum deposit is $50. Traders can also access the popular MT4 and MT5 trading platforms through ACY Securities.

Pros and Cons

Is ACY Securities Legit?

ACY Securities is authorized and regulated by the Commonwealth of Australia Regulatory Authority(AUS), with License No. 000403863 and 000474738 and the License Type Market Making(MM) and Straight Through Processing(STP), making it safer than unregulated.

What Can I Trade on ACY Securities?

ACY Securities offers 2,200+ instruments, including 60 FX pairs, 20 Indices, 12 Metals, 9 Cryptos, 6 Commodities, 2 Oil, over 1600 share CFDs, and more.

Account Type

ACY Securities has 3 account types: Standard, ProZero, and Bespoke. Traders who want low spreads and deposits can choose a ProZero account, while those with a sufficient budget can open a Bespoke account.

In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Swap-Free Account, or Islamic Account, tailored for traders adhering to Islamic principles against interest.

ACY Securities Fees

The spread starts from 0.0 pips and the commission starts from zero. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:5000 meaning that profits and losses are magnified 5000 times.

Trading Platform

ACY Securities offers a Web-based LogixTrader. Traders can also access MT4 and MT5 compatible Desktop, macOS, Web, and Mobile versions through ACY Securities.

Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).

Deposit and Withdrawal

The initial Minimum Deposit must be $50 or above. ACY Securities accepts MasterCard, VISA, NETELLER, UnionPay, Skrill, and more for deposit and withdrawal. Traders get three free withdrawals per month. After their third withdrawal in the calendar month, traders will be charged $25 in your base currency per withdrawal. Withdrawal processing time within 24 hours.