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/10

ICM Capital

United Kingdom|2-5 years|
White label MT4|High potential risk|

https://www.icmcapital.my/en/home

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

ICMCapital-Demo

United Kingdom
MT4
3

Influence

C

Influence index NO.1

Malaysia 5.83

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
ICMCapital-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Malaysia 5.83

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 207 634 9770
support@icmcapital.my
https://www.icmcapital.my/en/home
Level 17, Dashwood House, 69 Old Broad St, London, EC2M 1QS, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 207 634 9770

Broker Information

More

Company Name

ICM Capital Limited (UK)

Company Abbreviation

ICM Capital

Platform registered country and region

United Kingdom

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The MalaysiaLFSA regulation (license number: MB/18/0029) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
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ICM Capital · Company Summary

Note: Regrettably, the official website of ICM Capital, namely https://www.icmcapital.my/en/home, is currently experiencing functionality issues.

Aspect Information
Company Name ICM Capital
Registered Country/Area United Kingdom
Regulation FCA (Suspicious Clone) and LFSA (Suspicious Clone)
Market Instruments Forex, Metals, Futures, Shares, Cash CFDs
Account Types ICM ZERO and ICM DIRECT (ECN)
Minimum Deposit N/A
Maximum Leverage 1:100
Spreads N/A
Trading Platforms Meta Trader 4
Demo Account N/A
Customer Support Phone: +44 207 634 9770 and Email: support@icmcapital.my
Deposit & Withdrawal N/A

Overview of ICM Capital

ICM Capital is a broker that claims to be regulated by FCA and LFSA. However, this regulation is suspected to be a clone. Their official website is inaccessible triggering reliability issues of their trading platform.

ICM Capital offers ICM ZERO and ICM DIRECT (ECN) as account types and clients can trade on Meta Trader 4. Traders can trade Forex, Metals, Futures, Shares, and Cash CFDs on the website. They provide 1:100 as the maximum leverage.

Clients can contact them via phone and email.

Overview of ICM Capital

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Is ICM Capital Safe or a Scam?

There are significant concerns regarding ICM Capital as a broker.

The Financial Conduct Authority (FCA) regulation associated with their license appears to be a suspected clone, which raises suspicions about their legitimacy. (License Type: Institution Forex License; License Number: 520965)

Is ICM Capital Safe or a Scam?

Also, The Labuan Financial Services Authority (LFSA) regulation associated with their license appears to be a suspected clone, which raises suspicions about their legitimacy. (License Type: Straight Through Processing(STP); License Number: MB/18/0029)

Is ICM Capital Safe or a Scam?

Additionally, the inaccessibility of their official website raises doubts about the reliability and trustworthiness of their trading platform. Therefore, investing with ICM Capital carries a higher level of risk due to these factors.

Pros and Cons

Pros Cons
/ FCA (Suspicious Clone) and LFSA (Suspicious Clone)
Higher risk
Inaccessible website

Pros:

N/A

Cons:

  1. Suspicious Regulatory Status: There are concerns about its legitimacy due to suspicions about being a clone of authorized entities like the FCA and LFSA, which could make trading riskier.

  2. Higher Risk: Trading with ICM Capital may carry a higher risk due to doubts about its regulatory status and authenticity, potentially leading to financial losses or fraud.

  3. Website Accessibility Issues: The broker's website may be hard to access at times, making it difficult for traders to find information or conduct transactions smoothly.

Market Instruments:

ICM Capital provides access to a range of market instruments, allowing traders to engage in various financial markets. Here are the features of each market instrument offered by ICM Capital:

  1. Forex: Forex, or foreign exchange, trading involves the buying and selling of currency pairs. Traders can speculate on the relative value of different currencies, aiming to profit from fluctuations in exchange rates.

  2. Metals: Metals trading typically includes precious metals such as gold, silver, platinum, and palladium. Traders can trade these metals against major currencies or other assets, leveraging their value as a hedge against inflation or economic uncertainty.

  3. Futures: Futures contracts represent agreements to buy or sell assets at a predetermined price on a future date. ICM Capital offers futures trading across a range of commodities, indices, and other assets, allowing traders to speculate on price movements and manage risk.

  4. Shares: Share trading involves buying and selling ownership stakes in publicly listed companies. Traders can speculate on the price movements of individual stocks or trade stock indices, such as the S&P 500 or FTSE 100, which represent baskets of stocks from multiple companies.

  5. Cash CFDs: Contracts for Difference (CFDs) are derivative financial instruments that allow traders to speculate on the price movements of various assets without owning the underlying asset. Cash CFDs offered by ICM Capital enable traders to trade on margin, potentially amplifying returns, and access a wide range of markets, including stocks, indices, commodities, and cryptocurrencies.

Account Types

ICM Capital offers two main account types: ICM ZER and ICM DIRECT (ECN).

With ICM ZER, traders can benefit from a maximum leverage of 1:100 without any minimum deposit requirement. This account type provides access to a wide range of products including Forex, Metals, Futures, Shares, and Cash CFDs, with a minimum position size of 0.01 of a Standard Lot.

Similarly, the ICM DIRECT (ECN) account offers a maximum leverage of 1:100 with no minimum deposit, allowing traders to access the same variety of products and maintain a minimum position size of 0.01 of a Standard Lot.

Feature ICM ZER ICM DIRECT (ECN)
Maximum Leverage 1:100 1:100
Minimum Deposit No minimum No minimum
Products Offered Forex, Metals, Futures, Shares, Cash CFDs Forex, Metals, Futures, Shares, Cash CFDs
Minimum Position Size 0.01 of a Standard Lot 0.01 of a Standard Lot

Leverage

ICM Capital offers a maximum leverage of 1:100 to traders, providing them with the opportunity to amplify their trading positions by up to 100 times their initial investment.

This leverage ratio allows traders to control larger positions with a relatively smaller amount of capital, potentially magnifying both profits and losses.

Customer Support

Customers can get in touch with the customer service line using the information provided below:

Phone: +44 207 634 9770

Email: support@icmcapital.my

Conclusion

In summary, trading with ICM Capital has risks to consider. There are doubts about its legitimacy and regulatory status, which could lead to financial losses or fraud.

Additionally, the broker's website may have accessibility issues, making it hard for traders to find information or trade smoothly.

FAQs

Q: What are Clone Brokers?

A: Clone brokers are fraudulent entities that attempt to mimic legitimate and authorized financial firms to deceive investors. These fraudulent brokers typically create websites, marketing materials, and other documentation that closely resemble those of legitimate brokers, often including similar names, logos, and regulatory registration numbers.

Q: What market instruments can I trade with ICM Capital?

A: You can trade Forex, Metals, Futures, Shares, and Cash CFDs with ICM Capital.

Q: What are the account types offered by ICM Capital?

A: ICM Capital offers two main account types: ICM ZERO and ICM DIRECT (ECN).

Q: What is the maximum leverage available with ICM Capital?

A: The maximum leverage offered by ICM Capital is 1:100.

Q: Which trading platform does ICM Capital use?

A: ICM Capital uses the MetaTrader 4 trading platform.

User Reviews

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3

Comments

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Happlaia
more than one year
ICM Capital is a scam. Despite multiple withdrawal requests, they falsely claim success but never release the funds. I've been on hold for over five months without explanation.
2023-12-13 00:19
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0
0
孔杰
more than one year
They just don’t like it when I gain big profits but are perfectly fine slipping my orders and charging large spreads. Avoid ICM Capital if you don’t want to lose your money!
2022-12-13 18:10
Reply
0
0
再力五金庄和宝
more than one year
An illegal broker pretends to be a legit one, but it is just a stupid thief. All contents displayed on its website are fake things. Guys, don’t fall prey to the scammer!
2022-12-09 17:34
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0
0
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