ICM Brokers

Editorial Rating:
2.97
Accept US Traders:
No

ICMBrokers.com

Established in 2007, ICM Brokers describes itself as a “customer-centric organisation” created to meet the growing needs of the private investor in the Forex market. Backed by a management team with more than half a century of experience in the financial world, this online broker has managed to condense that experience into a simple trading platform.

Indeed, such is their dedication to customer service that agents are on hand 24/5 through a number of mediums, including email, phone and live support. On top of this, ICM Brokers has also implemented CRM software to handle complaint in a more efficient and direct manner.

ICMBrokers.com’s Special FX:

Forex trading requires an understanding of charts or, more specifically, the ability to technically analyse charts. For novice traders this can often be a tough task which is why ICM Brokers has compiled a comprehensive training section.

Covering all aspects of charting and analysis, from reviewing bar and candlestick movements, to the Relative Strength Index (RSI), the section is a valuable asset for any aspiring trader. Indeed, when combined with daily and weekly reports this site is certainly one which caters well to novices.

Another aspect of this site which beginners will find appealing is the demo account. Valid for 20 days and complete with full functionality, the account is a great way to get to grips with ICM Brokers’ site and the FX market in general.

The Essentials:

ICM Brokers offers clients access to the Forex matrix through MetaTrader 4. An all-in-one trading solution, this software gives users the ability to trade from charts, analyse live data and implement a range of Expert Advisors.
Built around the MT4 platform is three accounts aimed at three different types of trader:

Standard:
Minimum account size = $300
Minimum position size = 0.1 lot
Fixed spreads from 2 pips on major currency pairs such as EUR/USD
Leverage = 1:400
Digits quoted after the comma = 4
Number of currency pairs available to trade = 23

Prime:
Minimum account size = $2,000
Minimum position size = 0.1 lot
Variable spreads typically from 2 pips on major currency pairs such as EUR/USD
Leverage = 1:200
Digits quoted after the comma = 5
Number of currency pairs available to trade = 23

Professional:
Minimum account size = $50,000
Minimum position size = 1 lot
Variable spreads typically from 1.5 pips on major currency pairs such as EUR/USD
Leverage = 1:100
Digits quoted after the comma = 5
Number of currency pairs available to trade = 23

In addition to the above conditions, the following account features are offered by ICM Brokers: Trailing stops, pending orders, one-click trading as well as mobile and automated trading.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.