ICM Brokers

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ICM Brokers

On-line since: 2008
Country of origin: USA
Regulation: FSC Regulated
Payment options: Wire Transfer, Net Teller, Paypal
Minimum account size: 300$
Minimum lot size: 0.01
Leverage: up 1:100 to 1:400
Spreads: 2 pips EUR/USD

ICM Brokers is a financial institution specializing in online execution and clearing services for retail and institutional investors. ICM Brokers has offices in, USA and, Australia, UK, Lebanon, as well as a customer service office in Dubai, UAE. Additionally, ICM Brokers has clients and affiliated IB offices in over twenty other countries worldwide. ICM Brokers holds all its clients deposits with highly rated and secure financial institutions including HSBC and Bank Audi. ICM Brokers assists its customers in any preferred languages.

Web-site: ICM Brokers

ICM Brokers 1/10 (votes 366)

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Author of ICM Brokers review: Ekynne. Date and time of ICM Brokers review: 2016-09-26

On a live account, ICM Broker widened the spread at the end of week up to 72 pips on last week. I understand that the difference between bid and ask can vary from 1 pips up to several pips but this is to extreme. With such a wide move, they can clear a lot of stop loses. And what is normal spread and what is not? 100 pips next? 1000? Needless to say they took a stop loss of 200 usd. Otherwise the position have win 200usd. Yesterday, they did the same but then they had the decency to correct the account. Not now. I am thinking to escalate the problem. I took screen captures of the situation. Before I was at an USA broker (ECN) and never had this problem. It looks like to smell stop lose hunting to when this broker widen the spread to 72pips at the end of the week. I am just trying to let people aware of this broker to cheat other traders.

Author of ICM Brokers review: piparthurjames. Date and time of ICM Brokers review: 2016-09-21

I am a little confused with a demo account from ICM Brokers, I find it difficult after verification, a lot of things I do not know about forex and this demo account only made me more confused. How correct trading is, execution time, or anything related to trading. It seems I have to ask for help from customer support or personal ICM their manager regarding this problem.

Author of ICM Brokers review: Dana. Date and time of ICM Brokers review: 2016-09-01

Great broker, that provides fast payments to and from trading accounts and also speedy order execution. So far, I haven't had any setbacks with TP and SL also.

Author of ICM Brokers review: Canary. Date and time of ICM Brokers review: 2016-08-31

ICM Brokers is an interactive broker. My dad used to invest with Interactive Brokers in 2005 so when I decided to get into Forex, so I chose them. Ive had good experiences thus far. I dont like that they charge commission but no ones perfect. Also, ICM Brokers has professional service, well established and somewhat higher leverage than other brokers.

Author of ICM Brokers review: Rja. Date and time of ICM Brokers review: 2016-08-17

I have not yet made withdrawals so I don't know if they are perfectly honest or not. But I wanted to react because I did not see any changes regarding the leverage of my accounts. All 3 are at 1:500.

Author of ICM Brokers review: pipbacolyuk. Date and time of ICM Brokers review: 2016-08-03

I used ICM Brokers when I first started trading about a year ago and now I am looking another broker that suit my trading style. Lot of slippage, never trade news there. Spreads is not consistent. Their order execution is too slow and I do not like the way of their service.

Author of ICM Brokers review: Aranxtu. Date and time of ICM Brokers review: 2016-07-12

I've been using this broker for trading for several month but I faced problems since the beginning, starting by the support team, very poor, not friendly and not professional, of course. Spreads are too high and change all the time.

Author of ICM Brokers review: Maksim. Date and time of ICM Brokers review: 2016-06-29

Demo trading platform does not reflect the high commissions charged per live trade and high rollovers eat further into profits for carried trades. These fees can be 20-30% for smaller trades and scalping is uneconomical. Today I lost 20% of my profits due to the fees excluding spreads.

Author of ICM Brokers review: fxbanyu. Date and time of ICM Brokers review: 2016-06-16

I just want to tell you that I hate the broker like ICM Brokers, they are broker who is very good at the beginning but then they'll stab me in the back. They gave me a bonuses, and many great trading strategies that they offer so then I get a lot of profit. But the profit that I get was useless because they have always refused my request to withdraw, they always argue there is a mistake in my withdrawal request.

Author of ICM Brokers review: Phipps. Date and time of ICM Brokers review: 2016-04-13

Lately, I have started trading with a demo account with ICM Brokers. Trading on the demo account is really enticing and I think this would be helpful a lot in trading with real accounts. Instructions and guide for novices on the official website are well organized, which made it easy to learn a bit more about forex trading.

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