ICM Brokers Broker Review: Trading Conditions and Client Reviews
ICM Brokers Broker Review: Working Conditions and Client Reviews
The icmbrokers.com platform represents a broker that offers traders wide opportunities for successful trading. The main service package includes spot deals on the Forex market and trading contracts for difference (CFDs). Despite the claimed advantages, client reviews critically assess the company’s performance. In this review, we will examine the details of the working conditions and features of the ICM Brokers company.
Main Information about icmbrokers.com Company
The broker’s official website provides extensive information, but the main drawback is that all data is presented only in English. This can be a difficulty for clients who speak Russian, as understanding the documents is only possible with the help of a translator.
The “About Us” category contains general information about the ICM Brokers company and its strategy. The site also provides information on the broker’s corporate values and achievements. The firm was founded in 2008, headquartered in Dubai, with offices in 20 countries. The company is registered in the Republic of Mauritius, an offshore zone, which raises certain doubts regarding the licensing agreement and regulation of the broker’s activities.
ICM Brokers collaborates with major banks, allowing them to provide clients with accurate real-time prices. The site mentions a special technological process that helps stabilize price flows and reduce spreads.
ICM Brokers Broker Trading Conditions
Client reviews often highlight the attractive trading conditions offered by the broker. Round-the-clock technical support, a personal manager, and an affordable initial deposit create good conditions for starting trading.
The icmbrokers.com website provides information on 3 types of accounts:
- Standard. Deposit from $300, fixed spreads, minimum trade size 0.1 lot.
- Prime. Fixed spread from 1.6 points, Forex leverage 1:200, CFD leverage 1:100.
- Professional. Initial deposit from $500,000, variable spreads, minimum trade size 1 lot.
Educational Materials on the ICM Brokers Platform
The company provides standard terms and articles in the educational materials section. Users can learn about the advantages of trading on Forex and CFDs, but the materials may seem dry. There are no tips from experienced traders, only basic information necessary for trading on the icmbrokers.com platform.
Technical Support on the icmbrokers.com Website
Client reviews point to varying quality of technical support. At the initial stages of contact, operators are responsive and provide advice, but when requesting withdrawals, communication problems arise. Messages remain unanswered, and requests are not fulfilled.
Client Reviews of icmbrokers.com Company
Positive reviews of the ICM Brokers company are rare. Clients share negative experiences and describe fraudulent schemes used by the broker. Well-argued comments are provided on problems with fund withdrawals.
ICM Brokers Review: What’s the Catch?
The review shows that the ICM Brokers company cannot be called an honest and reliable broker for several reasons. Fraud schemes are actively used by the company, despite its long existence since 2008. Users continue to face problems with fund withdrawals. Cooperation with icmbrokers.com requires caution and perhaps it’s better to limit it to a demo account.
Author: Alina Maymistova