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ICM Brokers

Regulatory Status

Not Regulated

Regulation & License

FSC

Regulatory Information: Lower-tier regulation; investor protection may be limited.

Score

1.85 /10

Regulation

2.70

Tech

6.49

Reputation

2.73

Business

7.27

Risk Control

2.26

How is the TrustScore calculated?

ICM Brokers Comprehensive Review

ICM Brokers exhibits overall weak performance, not recommended for risk-sensitive investors, with a composite score of 2.28, lacks credible oversight as it is not regulated for forex trading, and operates globally from Saint Vincent and the Grenadines, an off-shore jurisdiction, with a 5-10 year operating history. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-06-18)

Regulatory Status and Licensing Details
ICM Brokers operates as an unregulated entity based in Saint Vincent and the Grenadines. Its current regulatory status is listed as Not Regulated. The broker holds a Securities Trading License (EP) in Mauritius, issued by the Financial Services Commission (FSC). This license is in an Active status with the number GB24203068, held by the company ICM Brokers LTD. No valid forex trading license was found. As no major regulatory oversight is in place, traders should exercise caution and verify any license details directly with the issuing regulator's official website.
Safety Score And Index Breakdown
ICM Brokers carries a composite score of 2.28, with a regulatory rating of 0.0, risk control rating of 0.0, software rating of 8.67, business rating of 7.56, and license rating of 0.0. This low composite score aggregates five key indices. The regulatory and license ratings reflect an entity lacking credible oversight. The risk control index evaluates operational stability. The software index assesses platform reliability, while the business index covers service aspects. Investors should weigh these dimensions according to their individual priorities and risk tolerance.
Broker Operational Overview And Trading Access
ICM Brokers has operated for 5–10 years from a Saint Vincent and the Grenadines base, providing account options with entry points starting at $50 and support for the MetaTrader 5 trading software. The firm operates in the global market, indicating a broad service scope, and traders can access two distinct account types with features suitable for active strategies, including support for automated trading and scalping. The account structures present different entry thresholds and leverage offerings, catering to traders with varying capital levels. While specific details regarding the total count of tradable instruments are not currently disclosed, the broker's account categories suggest access to markets including forex, metals, crypto, shares, and indices. Traders are advised to directly verify the final product list and any associated trading conditions prior to engagement.
Trading Environment and Execution Performance
ICM Brokers reports an average execution speed of 146.5 ms, operates with MT4 servers:0; MT5 servers:2, runs on MetaTrader 5, with the trading environment grade not currently disclosed. The average order-to-fill speed is reported at 146.5 milliseconds. The broker operates zero MetaTrader 4 and two MetaTrader 5 servers. The platform's overall execution conditions, as reflected by its internal trading environment grade, are not publicly available for assessment. MetaTrader 5 is the primary supported software for client trading activity.
Tradable Instruments and Product Coverage
ICM Brokers does not publicly disclose its total count of tradable instruments. Based on its Edge account description, the broker's offerings include Forex, Metals, Crypto, Shares, and Indices. Readers should be aware that spot stocks and bonds are not offered by this entity. Traders should verify the specific available products against their own strategies through official broker resources.

ICM Brokers Regulation & License

Active
Mauritius Securities Trading License (EP)
Click to View

Note: The above regulatory information is sourced from the official ICM Brokers website.

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
International Capital Markets Brokers LLC

Customer Service Email Address
info@icmbrokers.com
Contact Number
+1 762-239-3001
Company Website
https://icmbrokers.com

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Frequently Asked Questions About ICM Brokers

Is ICM Brokers a regulated forex broker?
ICM Brokers is not a regulated forex broker. Its current regulatory status is listed as Not Regulated. While the company holds a Securities Trading License (EP) in Mauritius, issued by the Financial Services Commission (FSC), this license does not authorize or provide oversight for forex trading activities. The primary trading entity operates from Saint Vincent and the Grenadines, a jurisdiction that does not regulate forex trading. Therefore, it operates without credible regulatory oversight specific to retail forex brokerage.

Is ICM Brokers safe to trade with based on WikiFX data?
ICM Brokers has a composite score of 2.28 out of 10, which indicates a profile with significant operational concerns. The regulatory and license ratings are 0.0, reflecting a lack of credible oversight for forex trading. The risk control rating is also 0.0, suggesting no public information regarding operational stability safeguards. While the software and business ratings are higher at 8.67 and 7.56 respectively, the low overall score aggregates key indices that warrant caution. You should carefully weigh these metrics against your personal risk tolerance.

Is the entry threshold of ICM Brokers high?
The entry threshold for ICM Brokers is relatively low. The broker offers two account types with different minimum deposit requirements. The Edge Plus account requires a minimum deposit of $50 USD, while the standard Edge account requires $250 USD. Both accounts support high maximum leverage—1:1000 for Edge Plus and 1:500 for Edge—which can significantly amplify trading exposure. This structure makes the broker accessible for traders with varying capital levels. You should consider whether these leverage levels and entry costs align with your risk management strategy.

What leverage can traders use with ICM Brokers?
Traders with ICM Brokers can access high leverage, which varies by account type. The Edge Plus account offers maximum leverage of 1:1000. The standard Edge account offers maximum leverage of 1:500. Leverage is a tool that magnifies both potential profits and potential losses, requiring disciplined risk management. The specific leverage offered for individual instruments or the process for adjusting leverage levels is not publicly disclosed. You should verify the applicable leverage conditions directly with the broker and ensure you understand the associated risks before trading.

Can I use EA or automated trading with ICM Brokers?
Yes, ICM Brokers supports the use of Expert Advisors (EAs) for automated trading. The broker's account specifications confirm that both the Edge Plus and Edge account types allow EA usage. The primary supported trading platform is MetaTrader 5, which is well-known for its compatibility with automated trading scripts and algorithms. The availability of two MT5 servers suggests infrastructure to support such trading activity. For detailed compatibility requirements or any restrictions on specific EA functions, you should consult the broker directly before deploying automated strategies.