ICM Capital Review 2024

ICM Capital review
ICM Capital Fees Explained

• ICM Capital withdrawal fees varies on payment method
• ICM Capital does charge a fee for inactive accounts.
• ICM Capital does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from ICM Capital are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

ICM Capital Costs To Check

Modern brokers like ICM Capital provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ICM Capital may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ICM Capital trading profitability.

How ICM Capital Fees Compare Against Other Brokers

ICM Capital Minimum Deposit

ICM Capital requires a minimum deposit of 200 GBP/USD/EUR when opening an ICM Capital trading account.

A minimum deposit is the minimum amount of money required by ICM Capital to open a new online brokerage account with them.

Don't be scared off by brokers like ICM Capital charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like ICM Capital, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

ICM Capital Withdrawal Fees

The fees for withdrawing funds from your ICM Capital account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your ICM Capital withdrawal request is important.

ICM Capital Withdrawal rules may vary across different brokers when it comes to transferring funds from your ICM Capital or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ICM Capital may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the ICM Capital withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ICM Capital. Researching and comparing ICM Capital withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ICM Capital funds frequently or dealing with large sums of money. Awareness of these ICM Capital fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ICM Capital funds.

For example, ICM Capital allows you to withdraw your funds to Neteller, Electronic wallets (eWallets)s, Credit cards, Debit cards, Bank Transfer.

ICM Capital Inactivity Fees

ICM Capital does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ICM Capital terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all ICM Capital fees and services. It's recommended that you check the ICM Capital website before signing up. If you decide to close your ICM Capital account, it's important to do so with the ICM Capital broker customer support and obtain confirmation that no remaining ICM Capital fees are due.

Brokers like ICM Capital must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

ICM Capital Deposit Fees

ICM Capital do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

ICM Capital Commission Fees

ICM Capital does charge commission on CFD instruments.

Brokerage firms like ICM Capital may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ICM Capital trading account level held by the trader.

ICM Capital may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ICM Capital terms and conditions to understand the commission fees and any other charges that may apply is essential.

ICM Capital review
Trading on ICM Capital web platforms and other applications

ICM Capital provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A ICM Capital iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

ICM Capital also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See ICM Capital's platforms

Is the ICM Capital Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the ICM Capital trading platform to protect you on PC and mobile ICM Capital platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ICM Capital web trading platforms.

ICM Capital Trading Platform Options

ICM Capital does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

ICM Capital offers its custom trading platform developed and tested in-house. The ICM Capital trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The ICM Capital platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With ICM Capital, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the ICM Capital platform, including news and quotes. Discover possible trades with the strong charting tools found with ICM Capital. ICM Capital is available as downloadable applications or online through the cloud. Monitor your orders with ICM Capital and receive breaking news in your positions.

ICM Capital Trading benefits

• ICM Capital Allows hedging
• ICM Capital Offers STP
• ICM Capital Low min deposit

ICM Capital Trading Accounts Offered

Below we give an overview of the account types that ICM Capital offer. Whatever you are looking to trade, the varying ICM Capital account types will be able to provide you with what you need.

• ICM Capital Demo account
• ICM Capital Standard account
• ICM Capital ECN account
• ICM Capital STP account

Can I try ICM Capital?

ICM Capital provides a demo account that enables individuals to explore trading before investing their funds. By creating a ICM Capital practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ICM Capital demo account can help individuals to make informed decisions before investing their money.

Open a demo ICM Capital account to practice and trade.

Your capital is at risk

ICM Capital withdrawal and funding methods

It's essential to remember that the payment methods provided by ICM Capital vary based on the ICM Capital entity and the ICM Capital client's country of residence. To view the ICM Capital payment options available, you can log into your ICM Capital member's area.

ICM Capital offers various funding payment methods listed in your ICM Capital dashboard if available in your region. To learn more about the ICM Capital funding and withdrawal options available in your area, you can explore the ICM Capital website.

ICM Capital provides several payment methods for funding your ICM Capital account. You may utilize any of these deposit options if they are available in your region. ICM Capital ensures that users have multiple payment methods to choose from, making it more convenient for verified ICM Capital account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ICM Capital user's location. learn more about ICM Capital funding and withdrawal methods.

ICM Capital Payment Methods

Some ICM Capital payment methods are local and are available only to specific regions. ICM Capital account holders should check which payment methods are provided in your region.

• ICM Capital accepts Neteller
• ICM Capital accepts Electronic wallets (eWallets)s
• ICM Capital accepts Credit cards
• ICM Capital accepts Debit cards
• ICM Capital accepts Bank Transfer

How can I start trading with ICM Capital?

To open a trading account with ICM Capital, individuals can sign up on the ICM Capital website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for ICM Capital account validation and making a deposit. Once completed, ICM Capital users can download the trading platform of their choice.

It's important to note that ICM Capital requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ICM Capital maintain a trustworthy financial environment for its 10,000 users. Detailed information on the ICM Capital trading platforms is available on their website.

Your capital is at risk

Performing trades with ICM Capital

When using ICM Capital, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. ICM Capital have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using ICM Capital can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, ICM Capital margin requirements can differ depending on the traded instrument.

Education Resources at ICM Capital

To trade effectively with ICM Capital, it's important to have a good understanding of the ICM Capital trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ICM Capital and externally.

ICM Capital . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ICM Capital. Familiarizing yourself with the ICM Capital trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using ICM Capital. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ICM Capital involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like ICM Capital, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with ICM Capital. Explore the ICM Capital platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ICM Capital, before live trading.

Customer Support at ICM Capital

As part of our ICM Capital review, we review customer service options, response times and problem resolution effectiveness on the ICM Capital trading platform. The ICM Capital trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

ICM Capital Available Support Types

Based on our experience, we have given ICM Capital a D grade for customer support. We encountered some slow response times or ICM Capital queries that were left unanswered.

Compared to other brokers, ICM Capital offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at ICM Capital

Our team tested the live chat support of ICM Capital and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested ICM Capital support services in various countries and languages and found that ICM Capital were able to effectively resolve our customer issues.

Email Support at ICM Capital

We tested the email support of ICM Capital by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any ICM Capital response.

The ICM Capital team did resolve and answer our queries, but the email support from ICM Capital was overall average compared to other brokers we have tested.

Phone Support at ICM Capital

We contacted ICM Capital via phone and received quick assistance within 10 minutes of our call.

The ICM Capital phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by ICM Capital and found that they could assist us in various languages.

While we found the ICM Capital phone support satisfactory, there is room for improvement in response time.

See how ICM Capital Support Compares Against Other Brokers

What you will need to open an account with ICM Capital

As ICM Capital is regulated by Financial Conduct Authority (FCA).

As a new client of ICM Capital, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ICM Capital in your region. During the ICM Capital account opening process, you will be asked to provide ICM Capital with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with ICM Capital have the following documents available.

• ICM Capital require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for ICM Capital compliance. This must be dated within the last six months.
• If you plan to fund your ICM Capital account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ICM Capital platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under ICM Capital Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ICM Capital's platform.

However, remember that you won't be able to make trades on ICM Capital until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ICM Capital KYC compliance process as soon as possible to avoid any delays in accessing the ICM Capital platform's features.

It is important to note that ICM Capital may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ICM Capital platform and features immediately. However, you must pass the verification process to start live trading with ICM Capital, which can take up to a few business days.

To start the process of opening an account with ICM Capital you can visit the ICM Capital trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.icmcapital.co.uk/ on April 24, 2024.

ICM Capital review written by Andrew Blumer and Mark Hansen