ICM Brokers Forex Broker

ICM Brokers Review SummaryFounded2009Registered RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, Commodities, Indices, Stocks, Cryptos (all as CFDs)Demo Account✅LeverageUp to 1:400 (Standard/Prime),Up to 1:5 (Crypto)Spread (EUR/USD)From 2 pips (Standard account, fixed)Trading PlatformMT4 Windows, MT4 WebTerminal, MT4 Mobile, MT4 MultiTerminalMinimum Deposit$50Customer SupportLive ChatPhone: +1-539-207-9177Email: info@icmbrokers.comICM 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 ConsProsConsWide range of tradable instrumentsNot regulationOffers MetaTrader 4 across all major devicesHigh spreads on Standard accountSupports multiple live accounts and demo accessNo Islamic accountIs 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 InstrumentSupportedForex✔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 TypeMinimum DepositLeverageSpreadSuitable forStandard Account$50Up to 1:400Fixed, from 2 pipsAll-level tradersPrime AccountMarket, from 1.2 pipsIntermediate & experiencedCrypto Account$1,000Up to 1:5Market (Crypto only)Crypto-focused, higher capitalLeverage 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 TypeSpreadCommissionStandardFixed, from 2 pips❌PrimeMarket, from 1.2 pips❌Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMT4 Windows✔Windows PCsAll traders; supports EAs & analysisMT4 WebTerminal✔All browsers (Web-based)Traders who prefer no software installationMT4 Mobile✔iOS & Android devicesTraders who trade on the goMT4 MultiTerminal✔Windows PCsManagers handling multiple accountsMT5❌/Experienced traders