This ICM Capital review covers the broker’s regulatory framework, trading platforms, market offerings, and client protections. ICM Capital is a UK-headquartered forex and CFD broker offering institutional-grade conditions and strong compliance with global standards.

Regulation and Safety

ICM Capital is authorised and regulated in multiple jurisdictions:

• FCA (UK): License No. 520965
• FSA (Labuan): License No. MB/18/0029
• DFSA (Dubai): Representative office approval

Client funds are held in segregated accounts with top-tier banks. UK clients are covered by the FSCS up to £85,000, and full AML/KYC procedures are in place across all operations.

Execution Model and Trading Platforms

ICM Capital uses a hybrid STP/ECN execution model with direct access to liquidity providers:

• Execution: STP/NDD with competitive latency
• Platforms: MT4, MT5, cTrader, and proprietary ICM Direct
• Access: Desktop, mobile, and web
• VPS: Available via partners
• FIX API: Offered for institutional clients

Markets and Instruments

ICM Capital offers a wide array of instruments across several asset classes:

• Forex: 50+ currency pairs
• Indices: Dow Jones, NASDAQ, FTSE, DAX, S&P 500
• Commodities: Gold, silver, oil, natural gas
• Stocks: US and UK equities (CFDs)
• Cryptocurrencies: BTC, ETH, LTC, XRP (CFDs)
• Futures and ETFs: CFD-based access

Accounts, Spreads and Leverage

ICM Capital offers flexible account structures for both retail and professional clients:

• Standard Account: Spreads from 1.3 pips, no commission
• Direct Account: Spreads from 0.0 pips + $7/lot commission
• Islamic Account: Swap-free option available
• Leverage: Up to 1:30 (FCA), up to 1:500 (FSA Labuan)
• Minimum deposit: $200

Funding and Base Currencies

ICM Capital supports a variety of funding channels and base currencies:

• Methods: Bank transfer, credit/debit cards, Skrill, Neteller, crypto
• Base currencies: USD, EUR, GBP, AED
• Processing time: Instant for e-wallets, 1–2 business days for bank wires

Client Protections and Features

• FSCS protection up to £85,000 (UK)
• Segregated client funds
• Two-factor authentication and biometric login
• Regular financial audits
• Negative balance protection

Institutional and Retail Offering

ICM Capital caters to a diverse audience:

• Retail traders: Via MT4/MT5, Islamic accounts, and low spreads
• Institutional traders: FIX API, ICM Direct, white-label solutions, liquidity provisioning

Pros and Cons

Pros

• Regulated by the FCA and other reputable bodies
• True STP/ECN execution with tight spreads
• Wide asset selection and platform variety
• Offers institutional trading solutions
• FSCS protection and segregated funds

Cons

• Standard spreads not as tight as ECN
• No proprietary social trading platform
• Crypto access via CFD only

Frequently Asked Questions

Is ICM Capital regulated?

Yes, ICM Capital is regulated by the FCA in the UK and FSA in Labuan, among others.

What platforms does ICM Capital offer?

ICM Capital supports MetaTrader 4, MetaTrader 5, cTrader, and its own ICM Direct platform.

What account types are available?

Standard, Direct (ECN), and Islamic swap-free accounts are available to suit different traders.

What is the minimum deposit at ICM Capital?

The minimum deposit is $200 or equivalent in supported base currencies.

Does ICM Capital support institutional clients?

Yes, institutional services include FIX API access, white-label solutions, and liquidity provision.