ICM Capital Review 2026
Regulated broker with real licence numbers.
ICM Capital is a regulated CFD broker founded in 2009. It holds a FCA licence under number 520965.
The basics
ICM Capital was founded in 2009 and is headquartered in London, UK. It is privately owned. The broker offers CFDs on 250 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2009 |
| Headquarters | London, UK |
| Instruments | 250+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is ICM Capital safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 520965 ✓ | ICM Capital Ltd |
| FSA | SD081 ✓ | ICM Capital (Seychelles) Ltd |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
ICM Capital spreads
These are the typical spreads on ICM Capital's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.8 pips pips |
| GBP/USD | 1.1 pips pips |
| USD/JPY | 0.9 pips pips |
| Gold (XAU/USD) | 23c/oz |
| S&P 500 | 0.5pt |
ICM Capital's EUR/USD spread of 0.8 pips pips is competitive for a retail broker without a per-trade commission.
ICM Capital withdrawal fee and processing time
Fee: None. ICM Capital does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
ICM Capital minimum deposit by entity
The minimum deposit depends on which ICM Capital entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| ICM Capital Ltd | FCA 520965 | $200 | 1:30 |
| ICM Capital (Seychelles) Ltd | FSA SD081 | $200 | 1:500 |
ICM Capital vs IC Markets
| ICM Capital | IC Markets | |
|---|---|---|
| Primary regulator | FCA 520965 | ASIC 335692 |
| Min deposit | $200 | $200 |
| EUR/USD spread | 0.8 pips pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | Yes | Yes |
| Instruments | 250+ | 2,250+ |
| Copy trading | No | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. ICM Capital suits traders who value MetaTrader and algorithmic trading. IC Markets is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| FCA | 520965 — ICM Capital Ltd |
| FSA | SD081 — ICM Capital (Seychelles) Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- FCA regulated — ICM Capital Ltd
- MetaTrader 4 and 5 available
What does not work
- No copy trading
- No real stock ownership — CFDs only
- Inactivity fee: $20/month after 3 months
- Higher minimum deposit of $200
- High leverage only via offshore entity
The verdict
ICM Capital is a legitimate, regulated broker. The FCA licence number 520965 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to ICM Capital
If ICM Capital does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is ICM Capital safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. ICM Capital holds FCA licence 520965, which is publicly verifiable on the official register.
What is the ICM Capital minimum deposit?
The minimum deposit is $200. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the ICM Capital EUR/USD spread?
The EUR/USD spread on ICM Capital standard accounts is typically 0.8 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does ICM Capital take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does ICM Capital charge withdrawal fees?
None. ICM Capital does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does ICM Capital have MetaTrader?
Yes. ICM Capital supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.