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Plus500 , ICM Broker Comparison

Do you want to know which is the better broker between Plus500 and ICM ?

In the table below, you can compare the features of Plus500 , 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
Plus500
7.86
Regulated
Under guarantee
10-15 years
ASIC,FSA,CYSEC,FCA,FMA,MAS
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ICM
6.39
Regulated
Under guarantee
10-15 years
FCA,LFSA,AMF
--
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ICM Zero,ICM Direct
Forex, Metals, Futures , Shares, and Cash CFDs
--
1:30
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50.00
--
0.01 of a Standard Lot
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Plus500 、 ICM BrokersRelevant information

Plus500 、 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 plus500, 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

plus500
Plus500 Review Summary of 10 Points
Founded 2008
Headquarters Israel
Regulation FCA, CySEC, ASIC, FMA, MAS
Market Instruments forex, cryptocurrencies, stocks, indices, commodities, and options
Demo Account Available
Leverage 1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks)
EUR/USD Spread 0.5 pips
Trading Platforms own proprietary trading platform (desktop, web, and mobile)
Minimum deposit $/€/£100
Customer Support 24/7 email, WhatsApp and live chat

What is Plus500?

Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.

What Type of Broker is Plus500?

Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).

Plus500's website

Pros & Cons

Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.

However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.

Pros Cons
• Simple and easy-to-use trading platform • Limited product offering
• Commission-free trading • Limited research and educational tools
• Tight spreads • No support for MetaTrader platform
• Negative balance protection • Limited customer support options
• Regulated by reputable financial authorities • No phone support
• Free demo account • Withdrawal fees for some payment methods
• Limited trading tools and features

Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.

Plus500 Alternative Brokers

There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:

  • eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.

  • IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

It's important to do your own research and compare the features and fees of different brokers before making a decision.

Is Plus500 Safe or Scam?

Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.

How are you protected?

Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:

Protection Measure Detail
Segregated Funds Client funds are kept separate from company funds
Negative Balance Protection Clients can't lose more than their account balance
Risk Management Tools Stop loss, limit order and other tools to help manage risk
Account Verification Rigorous account verification process to prevent fraud and unauthorized access
SSL Encryption Secure Socket Layer (SSL) encryption used for all communication and data transfer
Regulatory Oversight Regulated by multiple reputable financial authorities
Investor Compensation Fund Eligible clients may receive compensation in the event of insolvency or bankruptcy

Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.

Our Conclusion on Plus500 Reliability:

Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.

However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.

Market Instruments

Plus500 offers a wide range of trading instruments including:

  • Forex pairs - major, minor, and exotic currency pairs

  • Stocks - CFDs on stocks from various international markets

  • Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more

  • Commodities - CFDs on precious metals, energies, and agricultural products

  • Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more

Accounts

Plus500 offers two types of accounts: a live trading account and a demo account.

The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.

The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.

Leverage

Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.

For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.

It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.

Spreads & Commissions

Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.

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

Broker EUR/USD Spread Commission
Plus500 0.5 pips No
eToro 1.0 pips No
IG 0.75 pips Yes
XM 1.6 pips No
Pepperstone 0.16 pips Yes
IC Markets 0.1 pips Yes

Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.

Trading Platforms

The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.

The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.

Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:

Broker Trading Platforms
Plus500 Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app
eToro eToro WebTrader, eToro mobile app
IG IG Trading Platform, IG mobile app
XM MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app
Pepperstone MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app
IC Markets MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app

Deposits & Withdrawals

Plus500 offers several deposit and withdrawal methods, including:

  • Credit/debit card (Visa or Mastercard)

  • PayPal

  • Bank transfer

  • Electronic wallets (Skrill, Neteller)

It's worth noting that the availability of certain payment methods may vary depending on your location.

payment methods

Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.

deposit and withdrawal fees

Minimum deposit requirement

The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.

Plus500 minimum deposit vs other brokers

Plus500 Most other
Minimum Deposit $/€/£100 $/€/£100

Plus500 Money Withdrawal

To withdraw funds from Plus500, you need to follow these steps:

Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.

Step 2: Click on “Withdrawal” and select your preferred withdrawal method.

Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.

Step 4: Click on “Submit” to initiate the withdrawal process.

It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.

Fees

Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.

no fees

The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.

It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.

aditional fees

Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Plus500 Free $5-$10 $10/month
eToro Free $5 $10/month
IG Free Free $18/month
XM Free Free $5/month
Pepperstone Free Free $0
IC Markets Free $3.5 $0

Customer Service

Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.

FAQs

You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.

social media

Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.

Pros Cons
• 24/7 customer support via live chat • No phone support available
• Multilingual support • Sometimes response is not prompt
• User-friendly help center and FAQ section

Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.

Education

Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.

Conclusion

Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.

However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.

In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.

Frequently Asked Questions (FAQs)

Q 1: Is Plus500 regulated?
A 1: Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS.
Q 2: Does Plus500 offer demo accounts?
A 2: Yes.
Q 3: Does Plus500 offer industry-standard MT4 & MT5?
A 3: No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile).
Q 4: What is the minimum deposit for Plus500?
A 4: The minimum initial deposit to open an account is $/€/£100.
Q 5: Is Plus500 a good broker for beginners?
A 5: Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
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 plus500, 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 plus500 and icm-capital are, we first considered common fees for standard accounts. On plus500, the average spread for the EUR/USD currency pair is -- pips, while on icm-capital the spread is --.

Which broker between plus500, 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.

plus500 is regulated by ASIC,FSA,CYSEC,FCA,FMA,MAS. icm-capital is regulated by FCA,LFSA,AMF.

Which broker between plus500, 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.

plus500 provides trading platform including -- and trading variety including --. 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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