Is ICM Capital a Scam? Regulation Check 2026
We checked ICM Capital's licence in the official FSA register. Here is what the public records say.
Verdict
ICM Capital is NOT a scam. It holds FSA licence SD081, authorising it to offer trading services in Brazil.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD081 |
| Regulated Entity | ICM Capital (Seychelles) Ltd |
| Founded | 2009 |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from ICM Capital's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if ICM Capital fails to resolve your issue
- ICM Capital submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is ICM Capital a scam or legitimate?
ICM Capital is NOT a scam. It holds FSA licence number SD081. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check ICM Capital's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD081 or the entity name. The record will confirm ICM Capital's authorisation status and the scope of its permissions.
Are my funds safe with ICM Capital?
As an FSA-regulated broker, ICM Capital must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if ICM Capital encounters financial difficulties.
What protection do I have as a ICM Capital client in Brazil?
In Brazil, ICM Capital operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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