Company Profile
| 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 Information
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 and Cons
| 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 |
Is ICM Brokers Legit?
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.
What Can I Trade on ICM Brokers?
| Tradable Instrument | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types
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 |
Leverage
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
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
| 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 |
