Score
Saint Vincent and the Grenadines
|
5-10 years
| https://icmbrokers.com
Website
Rating Index
MT4/5
Full License
ICMBrokers-Demo
Influence
D
Influence index NO.1
Ukraine 2.61
MT4/5 Identification
Full License
United StatesInfluence
D
Influence index NO.1
Ukraine 2.61
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
icmbrokers.com United Kingdom
VIP is not activated.
| ICM Brokers Review Summary | |
| Founded | 2009 |
| Registered Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Indices, Stocks, Cryptos (all as CFDs) |
| Demo Account | ✅ |
| Leverage | Up to 1:400 (Standard/Prime), |
| Up to 1:5 (Crypto) | |
| Spread (EUR/USD) | From 2 pips (Standard account, fixed) |
| Trading Platform | MT4 Windows, MT4 WebTerminal, MT4 Mobile, MT4 MultiTerminal |
| Minimum Deposit | $50 |
| Customer Support | Live Chat |
| Phone: +1-539-207-9177 | |
| Email: info@icmbrokers.com | |
ICM Brokers, established in 2009, is a broker registered in the Marshall Islands that provides CFD trading on forex, commodities, indices, stocks, and cryptocurrency. While the broker offers MetaTrader 4 platforms and a 20-day sample account, there is no regulatory monitoring or transparency about fee structures.
| Pros | Cons |
| Wide range of tradable instruments | Not regulation |
| Offers MetaTrader 4 across all major devices | High spreads on Standard account |
| Supports multiple live accounts and demo access | No Islamic account |
ICM Brokers is not a regulated brokerage. It is registered in the Marshall Islands, a country that lacks a recognized financial regulatory authority for forex or brokerage services.
Its domain, icmbrokers.com, was registered on October 27, 2007, and is still live with transfer restrictions in place. Despite being online for some years, it operates without governmental monitoring, posing a significant risk to investors.
| Tradable Instrument | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
ICM Brokers provides three live account options and one demo account. It does not mention any Islamic accounts.
The Standard and Prime accounts are for general traders of various skill levels, and the Crypto account is for crypto-focused traders.
A demo account is available, with a free trial period of 20 days.
| Account Type | Minimum Deposit | Leverage | Spread | Suitable for |
| Standard Account | $50 | Up to 1:400 | Fixed, from 2 pips | All-level traders |
| Prime Account | Market, from 1.2 pips | Intermediate & experienced | ||
| Crypto Account | $1,000 | Up to 1:5 | Market (Crypto only) | Crypto-focused, higher capital |
ICM Brokers provides leverage of up to 1:400 on Standard and Prime accounts, and 1:5 on Crypto accounts. High leverage enables greater bets with less cash, but it also raises the danger of significant losses.
ICM Brokers' fees are generally comparable to industry standards, while spreads on the Standard account are somewhat high.
| Account Type | Spread | Commission |
| Standard | Fixed, from 2 pips | ❌ |
| Prime | Market, from 1.2 pips | ❌ |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 Windows | ✔ | Windows PCs | All traders; supports EAs & analysis |
| MT4 WebTerminal | ✔ | All browsers (Web-based) | Traders who prefer no software installation |
| MT4 Mobile | ✔ | iOS & Android devices | Traders who trade on the go |
| MT4 MultiTerminal | ✔ | Windows PCs | Managers handling multiple accounts |
| MT5 | ❌ | / | Experienced traders |
Sure, from my own icm brokers review, ICM Brokers offers spreads starting from 2 pips (Standard) and from 1.2 pips (Prime). Both accounts are commission-free, which I like because it keeps costs predictable. But the fixed spread on Standard feels a bit pricey for me, especially in active trading sessions.
In my own account setup, I found the minimum deposit is $50 for the Standard account, which is quite low and beginner-friendly. For the Crypto account, the minimum jumps to $1,000, so I only considered that when I was ready for bigger exposure.
From my personal trading perspective, one of the pros I see is the wide range of CFD instruments – forex, commodities, indices, stocks, and cryptos. Also, MT4 is supported on all major devices, which is a big plus for me because I use MT4 extensively. Another benefit is the availability of multiple account types and a demo account for testing strategies.
From what I’ve seen in the icm brokers regulations and fee structure, there are no commissions on Standard and Prime accounts. That’s good for my style of trading because I prefer to manage costs through spreads rather than added commissions.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
