ICM Capital Review
Established 2009
⚠ FCA Licence Surrendered
Exited UK Retail
Now UAE SCA-Licensed
★ Trustpilot 3.8 / 5
UK FSCS Cover Ended
$100 Minimum Deposit
Up to 1:200 Leverage
MT4 Platform
Markets Offered
📊 ICM Capital at a Glance — Broker Profile & Stats
🏢 Who Is ICM Capital?
A UK-based forex & CFD broker (now ICM.com) established in 2009, serving 300,000+ clients worldwide with 40+ industry awards.
★ What Traders Say on Trustpilot
Rated about 3.8/5, with 81% positive reviews. Feedback is mixed — praise for support alongside complaints about withdrawal delays and fees.
Why it matters: A 3.8 is middling for a regulated broker, so read recent reviews and weigh the fee complaints.
🛡️ Regulation
Authorised and regulated by the UK FCA (reg. 520965), with client funds protected up to £85,000 (FSCS) and additional insurance advertised up to £5M.
🧾 Accounts
Three account types — Standard, Direct and Zero — on MetaTrader 4.
💲 Costs
EUR/USD spreads from 0.0 on the Zero account ($7 per round lot on FX/metals); medium overall fees. Minimum deposit from $100–$200.
🎯 Best For
UK/EU traders wanting FCA protection on MT4. Check the fee schedule and read recent reviews before funding.
⚡ Trading Conditions & Platform
🖥️ MetaTrader 4
ICM Capital runs on the industry-standard MT4 platform with full EA and charting support.
📉 Spreads & Commission
The Zero account offers EUR/USD from 0.0 pips with a $7 round-turn commission; Standard/Direct fold cost into the spread.
Why it matters: Zero + commission usually beats Standard for active, higher-volume traders.
📈 Leverage
Leverage up to 1:200 under FCA oversight (lower than offshore brokers, but with stronger protection).
🌐 Instruments
Forex, stock CFDs, indices, commodities and cryptocurrencies across the platform.
🔄 Top ICM Capital Alternatives
IC Markets
Leading true-ECN broker with very tight raw spreads and strong ASIC regulation.
Pepperstone
Highly-regulated broker with excellent execution and platform choice.
Hantec Markets
FCA/ASIC-regulated broker with tight spreads and a low $10 Cent account.
FXTM
Well-regulated broker with low minimums and strong education for beginners.
🧩 Account Types
Standard
All-in spread account with no separate commission — straightforward for most traders.
Direct
Tighter pricing with direct market-style execution for more active traders.
Zero
Raw spreads from 0.0 pips with a $7 round-turn commission on FX/metals — best for scalpers.
Why it matters: Lower total cost at volume, since you pay a tight spread plus a fixed commission.
Funding & Protection
Minimum deposit from $100–$200; FCA client-money rules and FSCS protection up to £85,000.
🛡️ Regulation & Safety
🏛️ FCA-Regulated
ICM Capital Limited is authorised by the UK FCA (reg. 520965) — a Tier-1 regulator. Other group entities may operate under different jurisdictions, so confirm which one you sign up with.
Why it matters: Signing up under the FCA entity gives the strongest protection; offshore entities give less.
🛟 Client Protections
Segregated funds, FSCS coverage up to £85,000 and additional insurance advertised up to £5 million for eligible clients.
⚖️ Read the Reviews
Despite FCA oversight, user reviews are mixed (3.8 Trustpilot, with some withdrawal-fee complaints). Strong regulation reduces — but does not remove — the need to check feedback.
💵 Spreads, Fees & Minimum Deposit
💰 Minimum Deposit
From around $100–$200 depending on account and region.
📉 Spreads & Commission
EUR/USD from 0.0 pips on Zero ($7 round-turn on FX/metals); Standard/Direct build cost into the spread.
🧾 Fee Rating
Independent reviewers rate ICM’s overall fees as medium, and some users report higher-than-expected withdrawal fees — check current terms.
🎥 Video Guides & Reviews
Watch: ICM Capital Reviewed
