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Tradeview , ICM Broker Comparison

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

In the table below, you can compare the features of Tradeview , 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
Tradeview
5.9
Regulated
Under guarantee
--
5-10 years
LFSA,CIMA
--
D
D
794.2
249
249
311
1407
1407
703
C
--
--
--
--
D
--
37.88 USD/Lot
B

Long: -7.52

Short: 0.8

Long: -38.91

Short: 20.5

AAA
0.4
68.4
Innovative Liquidity Connector,X Leverage Account
--
($25,000) Now $1000 until September 30
1:100
From 0 PIPS
0.00
--
0.1 lot
--
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
--

Tradeview 、 ICM BrokersRelevant information

Tradeview 、 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 tradeview, 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

tradeview

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Feature Detail
Registered Country/Region Cayman Islands
Found 2004
Regulation LFSA
Market Instrument Forex, Indices CFDs, Commodities, and Cryptocurrencies
Account Type X leverage account and Innovative Liquidity Connector account
Demo Account yes
Maximum Leverage 1:400
Spread (EUR/USD) Floating around 0.3 pips
Commission X Leverage account: no; Innovative Liquidity Connector account: $5 per lot
Trading Platform MT4, MT5, cTrader and Currenex
Minimum Deposit $100
Deposit & Withdrawal Method bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, etc.

General Information

Tradeview is an online ECN broker based in the Cayman Islands, founded in 2004. Tradeview is a regulated brokerage firm operating in the Cayman Islands and regulated in Malaysia.The company offers Straight Through Processing (STP) and holds a full license for MT4/5, providing traders with access to various financial markets. Tradeview allows trading in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP, as well as major stock market indices and commodities like gold, silver, and crude oil. The brokerage offers two trading account options: the X leverage account and the Innovative Liquidity Connector account, catering to different types of traders.

Tradeview supports multiple trading platforms, including Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms offer advanced features, charting capabilities, and a wide range of technical indicators. The company also provides a comprehensive trading platform, an economic calendar, and educational resources such as a glossary and financial blogs.

Tradeview offers various payment methods, including bank wire transfers, credit cards, and alternative options. However, there have been concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicious trading practices, and lackluster customer support. Some users have also reported discrepancies in payment methods and fees.

Here is the home page of this brokers official site:

home page

Pros and Cons

Tradeview, a regulated brokerage based in the Cayman Islands, offers a diverse range of market instruments, including cryptocurrencies, stock market indices, commodities, and currency pairs. However, there are some drawbacks to consider. The spread values for trading are not provided in the available information, and there is a lack of detailed information on leverage, margin requirements, trading hours, and specific contract specifications. Additionally, there is limited information on trading fees, commissions, and the features and advantages of certain account types and trading platforms. There have been concerns raised by customers regarding difficulties in withdrawing funds, server errors, abnormal trading practices, and poor customer support. These factors indicate a need for further research and caution before engaging with Tradeview as a trading platform.

Pros Cons
Diverse range of market instruments Spread values not provided in the table
Access to multiple trading platforms Lack of detailed information on the Innovative Liquidity Connector account
Demo account available for practice trading Limited information on account features
Opportunity for traders with limited funds Limited information on the specific features and capabilities of the trading platforms
Wide range of deposit options Bank wire withdrawal fee
No fees for most withdrawal methods Fees for Skrill and Neteller
Reviews highlighting concerns related to withdrawal issues,

Is Tradeview Legit?

Based on the information provided, Tradeview Ltd is regulated by the Cayman Islands Monetary Authority (CIMA) with license number 585163. However, the provided information indicates that Tradeview Ltd has exceeded its business scope regulated by CIMA and has received a risk alert from WikiFX. The alert suggests that Tradeview Ltd is operating with a license that does not cover its current business activities.

regulation
regulation

Market Instruments

Tradeview currently offers investors trading in Forex, Indices CFDs, Commodities, and Cryptocurrencies like Litecoin, Bitcoin, Ethereum, Ripple and more.

Cryptos:

Tradeview offers several cryptocurrencies for trading, including BTCUSD (Bitcoin to US Dollar), BTCJPY (Bitcoin to Japanese Yen), ETHUSD (Ethereum to US Dollar), LTCUSD (Litecoin to US Dollar), and XBNUSD (XRP to US Dollar). These instruments allow traders to speculate on the price movements of various cryptocurrencies.

market-instruments

Indices:

Tradeview provides trading opportunities in different indices such as GDAXI (German DAX 30), NDX (NASDAQ 100), AUS200 (Australian 200), FCHI (French CAC 40), SPXm (S&P 500 mini), and WS30 (Dow Jones Industrial Average). Traders can take positions based on the performance of these stock market indices.

market-instruments

Commodities:

The commodities available for trading on Tradeview include GOLD (Gold), SILVER (Silver), CRUDE (Crude Oil), NGAS (Natural Gas), GOLDEUR (Gold to Euro), and UKOIL (UK Brent Crude Oil). Traders can speculate on the price fluctuations of these commodities

market-instruments

Pros and Cons

Pros Cons
Diverse range of market instruments Spread values not provided in the table
Opportunity to trade popular cryptocurrencies Lack of information on leverage, margin requirements, and trading hours
Access to major stock market indices Limited information on specific commodity contracts
Ability to trade in commodities Limited information on cryptocurrency trading pairs
Wide selection of currency pairs No information on trading fees or commissions

Account Types

There are two trading account options available at Tradeview: the X leverage account and the Innovative Liquidity Connector account. The minimum deposit to open an X leverage account is $100, which sounds quite reasonable for most regular traders to have a try.

Tradeview also offers a free live demo account where users can trade across MT4, MT5, cTrader and CurreneX platforms. Users can learn to trade in real-time, and practice trading strategies with technical indicators while avoiding money risks.

How to Open an Account?

To open an account with Tradeview, follow these steps:

  1. Go to the Tradeview website.

  2. Look for the “Open Account” button on the homepage and click on it.

open-account

3. On the account types page, you will see different options. To start with a demo account, click on the “Demo Account” option. If you want to open a live trading account, proceed to the next step.

4. Select the type of account you want to open. Tradeview offers three options: “Individual Application,” “Joint Account Application,” and “Corporate Account Application.” Choose the one that suits your needs and click on it.

open-account

5. Fill out the basic information form. Provide accurate details such as your name, email address, phone number, country of residence, and desired account currency.

6. Next, you need to choose a trading platform. Tradeview offers several platforms, such as MT4, MT5, cTrader, and Currenex. Select the platform you prefer for trading.

7. Select the currency type for your account. You can choose between USD (United States Dollar) and EUR (Euro).

8. Proceed to fill in the primary account holder information. This includes personal details like your full name, date of birth, residential address, and occupation.

9. Read and review the Individual Agreement carefully. This document outlines the terms and conditions for opening and using an individual trading account with Tradeview. Make sure you understand and agree to the terms before proceeding.

10. Once you have completed all the required information, click on the “Submit” or “Open Account” button to submit your application.

open-account

After submitting your application, Tradeview may require additional documentation to verify your identity and address. This typically includes providing a copy of your identification documents (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement). Make sure to follow any instructions provided by Tradeview to complete the verification process.

Leverage

Leverage differs for each account. For ILC (Innovative Liquidity Connector) accounts, the maximum trading leverage is 1:100 while on X Leverage accounts, it is up to 1:400. The minimum trade size is 0.1 lots on the ILC account and 0.01 lots on the X leverage account.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with Tradeview are a floating type and scaled with the asset class. For example, the EUR/USD spread is floating around 0.3 pips. There is no commission on the X Leverage account, while the Innovative Liquidity Connector account has to pay a commission of $5 per lot.

Trading Platform

Traders are free to choose from four different trading platforms, Metatrader4, Metatrader5, cTrader, and Currenex, depending on their trading experience and trading needs.

Tradeview offers four trading platforms to choose from: Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms provide traders with advanced tools and features to enhance their forex trading experience.

Metatrader 4 (MT4) is a widely recognized platform in the forex industry. It offers a user-friendly interface, extensive charting capabilities, and a wide range of technical indicators. Traders can execute trades, set up automated trading strategies, and access a vast marketplace of third-party plugins and expert advisors.

Metatrader 5 (MT5) is the successor to MT4 and offers enhanced features and functionality. It provides an improved trading environment, additional order types, advanced analytical tools, and more options for customization. MT5 also allows traders to access various financial markets, including cryptocurrencies.

cTrader is a powerful and innovative trading platform known for its advanced order execution capabilities and comprehensive charting tools. It provides direct market access (DMA) and enables traders to execute trades quickly. cTrader also offers a range of features such as depth of market (DOM), detachable charts, and customizable layouts.

Currenex is a platform designed specifically for institutional and professional traders. It offers deep liquidity, fast order execution, and advanced trading tools. Currenex provides access to a wide range of currency pairs and allows for high-volume trading.

trading-platform
Pros Cons
User-friendly interface of MT4 and MT5 Limited information on the specific features and capabilities of the platforms
Extensive charting capabilities on MT4 and MT5 No information on the features and advantages of cTrader and Currenex
Access to a wide range of technical indicators on MT4 and MT5 Lack of details on the execution speed and order types offered by each platform
Availability of third-party plugins and expert advisors on MT4 Limited information on the customization options and tools provided by each platform
Direct market access and advanced order execution on cTrader Insufficient information on the platform's compatibility with different devices and operating systems
Currenex platform tailored for institutional and professional traders No information on the pricing structure or fees associated with using the platforms

Trading Tools

Tradeview offers two trading tools that provide valuable features and functionality for traders. These tools are designed to assist traders in making informed decisions and executing their trading strategies.

Trading Platform: Tradeview provides a comprehensive trading platform that allows traders to access various financial markets and instruments. The platform offers a user-friendly interface with advanced charting capabilities, real-time market data, and a range of order types for executing trades. Traders can analyze price movements, monitor positions, and implement trading strategies directly from the platform. The trading platform is accessible on desktop computers, as well as mobile devices, enabling traders to stay connected to the markets at all times.

trading-tools

Economic Calendar: Tradeview offers an economic calendar, which is a vital tool for traders to stay updated on important economic events and their potential impact on the financial markets. The economic calendar provides a schedule of upcoming economic indicators, such as GDP releases, interest rate decisions, employment reports, and more. Traders can use this information to anticipate market movements, identify trading opportunities, and manage their risk accordingly. The economic calendar offered by Tradeview is comprehensive and provides relevant data for various regions and countries.

trading-tools

Pros and Cons

Pros Cons
Comprehensive trading platform Limited information on contract specifications
User-friendly interface Lack of information on trading fees
Advanced charting capabilities Limited availability of trading tools and indicators
Real-time market data Limited customization options for the trading platform

Trading Hour

Tradeview opens on Sunday at 5 pm EST and closes on Friday at 4:55 EST. Each market is subject to specific trading hours. Forex, Indices and commodities markets are open 24/5 from Monday to Friday. Trading hours for each market can also be viewed on MT4 and MT5 platforms.

Deposit & Withdrawal

Tradeview supports bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, and many other deposit and withdrawal methods.

Note that losses can exceed the initial amount invested. Third-party payments will NOT be accepted. All deposits MUST be from the original account owner.

Withdrawals are only released via the same method in which the payment was originally submitted. Tradeview does not charge fees for withdrawals. However, a hefty $35 is charged with the bank wire option and a 1%-1.5% fee for Skrill and Neteller. To submit a request for withdrawals, users have to complete a form on the website with supporting documentation.

Deposit & Withdrawal
Deposit & Withdrawal

Educational Resources

Tradeview offers some educational materials in the form of a glossary list. They also have a website called Surf Up!, which is dedicated to educating about the FX market. The website is updated with daily news and regular financial blogs.

Trading Hours

Tradeview operates during specific trading hours, which are as follows: The trading week starts on Sunday at 5 pm EST and ends on Friday at 4:55 pm EST. The Forex, Indices, and commodities markets are open 24 hours a day, five days a week, from Monday to Friday. For more detailed trading hour information, users can refer to the MT4 and MT5 platforms provided by Tradeview.

Customer Support

Tradeview provides customer support services through various channels. Traders can reach out to their customer service desk 24/5 via instant web chat. Additionally, there is a 'contact us' form available for submitting inquiries, and the support team responds to these queries via email. For direct assistance, traders can contact Tradeview by telephone at the provided numbers. Tradeview is also active on popular social media platforms such as Facebook, Twitter, LinkedIn, and Instagram. Their physical address is located at 4th Floor Harbour Place, 103 South Church St, PO Box 1105.

customer-support

Reviews

The reviews on WikiFX about Tradeview suggest several concerns and issues raised by customers. One user reported difficulties in withdrawing funds, encountering server errors, and expressing suspicions about the legitimacy of the platform. Another user mentioned experiencing forced liquidation and losses due to abnormal quotations and insufficient margin. Additionally, a customer complained about the broker converting their EURO deposit to RUB without their knowledge and the lack of response from customer support. Another review accused Tradeview of charging BitPay fees but paying clients via Uphold, resulting in delayed transactions and potential losses. Finally, a customer claimed that Tradeview took several days to process their BTC transaction, charged BitPay fees despite using Uphold, and suggested the company intentionally delayed transactions when the Bitcoin price was rising. These reviews highlight concerns related to withdrawal issues, abnormal trading practices, poor customer support, and potential discrepancies in payment methods and fees.

deposit-withdrawal

Conclusion

In conclusion, Tradeview has both advantages and disadvantages to consider. On the positive side, Tradeview offers a diverse range of market instruments, including cryptocurrencies, stock market indices, and commodities, providing traders with various trading opportunities. They also offer multiple trading platforms, such as Metatrader 4, Metatrader 5, cTrader, and Currenex, each with its own set of features. Additionally, Tradeview provides educational resources to help users learn about the FX market. However, there are several concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicions about the platform's legitimacy, forced liquidation, and potential discrepancies in payment methods and fees. It is important for potential traders to carefully evaluate these factors before deciding to engage with Tradeview.

Frequently Asked Questions (FAQs)

Q 1: Is Tradeview regulated?
A 1: Yes. It is regulated by LFSA.
Q 2: At Tradeview, are there any regional restrictions for traders?
A 2: Yes. The services and products offered by Tradeview are not being offered within the United States (US) and are not being offered to US Persons, as defined under US law. The information on this website is not directed to residents of any country where FX and/or CFD trading is restricted or prohibited by local laws or regulations.
Q 3: Does Tradeview offer demo accounts?
A 3: Yes.
Q 4: Does Tradeview offer the industry-standard MT4 & MT5?
A 4: Yes. Tradeview supports MT4, MT5, cTrader and Currenex.
Q 5: What is the minimum deposit for Tradeview
A 5: The minimum initial deposit to open an account is $100.
Q 6: Is Tradeview a good broker for beginners?
A 6: Yes. Tradeview is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. 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 tradeview, 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 tradeview and icm-capital are, we first considered common fees for standard accounts. On tradeview, the average spread for the EUR/USD currency pair is From 0 PIPS pips, while on icm-capital the spread is --.

Which broker between tradeview, 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.

tradeview is regulated by LFSA,CIMA. icm-capital is regulated by FCA,LFSA,AMF.

Which broker between tradeview, 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.

tradeview provides trading platform including Innovative Liquidity Connector,X Leverage Account 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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