Verified: ICMTrading, Inc. Domain Https://icmtrading.io/registered In November 2019, Is An Online Broker Offering A Wide Range Of Trading Instruments Including Forex, Contracts For Difference And Cryptocurrencies.
The Company's Website Is Currently Down, Inaccessible And Appears To Have Gone Out Of Business. Traders Must Be Vigilant And Exercise Caution.
As For Regulation, It Has Been Verified That ICMTrading Does Not Currently Have Any Valid Licenses.
Note: ICMTrading, As An Unregulated Broker, Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
According To An Internet Query:
UK-based ICMTrading Has Been Operating For 2-5 Years And Offers A Wide Range Of Trading Tools Including Forex, CFDs, And Cryptocurrencies. It Offers Traders Three Account Types: Standard Account, Professional Account, And VIP Account.
To Start Trading, A Minimum Deposit Of $500 Is Required, And Traders Can Get A Maximum Leverage Ratio Of 1:1000.
A Notable Feature Is That Competitive Spreads Start From 0 Pips, Increasing The Cost-effectiveness Of Trading. The Platform Supports Popular Trading Interfaces Such As MetaTrader 4, MetaTrader 5 And CTrader, Offering Multiple Options Based On The User's Preferences.
In Addition, ICMTrading Provides Users With A Demo Account For Them To Practice Their Strategies Risk-free.
Customer Support Is Easily Available Via Live Chat, Email And Phone, Ensuring Timely Assistance For Traders. Deposits And Withdrawals Can Be Made Using Credit/debit Cards, Telegraphic Transfers And E-wallets, Providing Flexibility And Convenience.
Regulatory Status
ICMTrading As A Non-regulated Trading Platform Means That It Is Independent From The Oversight Of Any Financial Regulator. The Lack Of Regulatory Oversight Introduces An Additional Layer Of Risk That Traders And Investors Need To Be Aware Of.
In An Unregulated Environment, Clients May Find Themselves With Limited Options When It Comes To Resolving Disputes Or Dealing With Unexpected Issues. Therefore, Individuals Considering Participating In ICM Trading Should Be Treated With Caution And Undergo A Comprehensive Threat And Risk Assessment When Dealing With Non-regulated Brokers.
Pros:
Competitive Spreads: ICMTrading Offers Competitive Spreads On Its Instruments, Starting From 0 Pips, Enabling Traders To Reduce Costs And Maximize Potential Profits.
Wide Range Of Market Tools: Traders Have Access To A Wide Range Of Market Instruments Including Forex, CFDs, Metals, Energy, Stocks And Indices. This Provides Flexibility For Portfolio Diversification And Opens Up Opportunities For A Variety Of Trading Strategies.
Popular Trading Platforms: ICMTrading Offers Popular And User-friendly Trading Platforms Including MetaTrader 4, MetaTrader 5, CTrader And Their Own Platforms. This Caters To The Preferences And Trading Styles Of Different Users.
Diversification Of Account Types: ICMTrading Offers A Wide Range Of Account Types, Including Standard Accounts, Raw Spread Accounts, Professional Accounts And Islamic Accounts. This Caters To Different Levels Of Trading Experience, Availability Of Funds And Religious Requirements.
Fractional Trading: ICMTrading Allows Fractional Trading, Enabling Traders To Purchase Portions Of An Asset With Limited Funds. This Contributes To Portfolio Diversification And Investment Flexibility.
Cons:
Limited Regulatory Oversight: ICMTrading Is Not Regulated By Major Financial Institution Groups Like FCA Or CySEC, Which May Raise Concerns About Funding And Regulatory Compliance.
Higher Minimum Deposit Requirements For Certain Accounts: Higher Minimum Deposits Are Required For Raw Spreads And Professional Account Accounts, Which May Limit Accessibility For Some Traders.
Customer Support Reviews Are Uneven: While 24/7 Support Is Available, Some User Reviews Mention Slow Response Or Difficulty In Reaching A Support Representative.
Limited MetaTrader 4 Features: ICMTrading's MetaTrader 4 Platform Has Reportedly Had Some Features Disabled, Potentially Limiting Its Functional Comparison To Standard Products.
Potential Hidden Fees: Although No Deposit Fees Are Charged, Some User Reviews Mention That Unexpected Fees Or Charges Have Been Encountered And Further Investigation Into Fee Transparency Is Required.
Market Tools
ICMTrading Offers A Comprehensive Set Of Market Tools, Including Forex, Contracts For Difference, And Cryptocurrencies.
In The World Of Forex Trading, Traders Can Participate In The Dynamic And Volatile Forex Market, Thus Speculating And Trading Currency Pairs. This Allows Participants To Take Advantage Of Fluctuations In Exchange Rates, Potentially Profiting From Movements In The Market.
In Addition To Forex Trading, ICMTrading Also Offers Access To Contracts For Difference (CFDs), A Versatile Financial Instrument That Allows Traders To Speculate On Price Fluctuations Of Various Assets Without Owning The Underlying Asset. CFDs Cover A Wide Range Of Markets, Including Stocks, Indices, Commodities, And More, Providing Traders With Diverse Investment Opportunities.
For Those Interested In The Fast-evolving World Of Digital Assets, ICMTrading Includes Cryptocurrencies In Its Offerings. This Market Allows Traders To Buy And Sell Popular Cryptocurrencies Like Bitcoin, Ethereum, And Others. Cryptocurrences Are Known For Their Potential Price Volatility, Offering Traders The Opportunity To Take Advantage Of Market Trends.
By Offering These Market Tools, ICMTrading Caters To The Diverse Needs And Preferences Of Traders, Providing A Flexible And Convenient Platform That Allows Them To Participate In Both Traditional And Modern Financial Marekts.
Account Types
ICMTrading Offers 3 Different Account Types, Including Standard, Professional And VIP. The Maximum Leverage Offered By VIP Accounts Is 1:1000 And The Minimum Deposit Amount Is $10,000. The Minimum Deposit Amount Offered By Starter Accounts Is $500 And The Maximum Leverage Is 1:30.
Features, Standard Account, Professional Account VIP Account
Minimum Deposit Amount 500 Dollars $1,000 $10,000
Maximum Leverage 1:30 (except Cryptocurrencies) 1:500 1:1000
Leverage
ICMTrading Offers Leverage Up To 1:1000 On All Account Types. Leverage Allows Traders To Control A Larger Position Size With A Smaller Margin. For Example, If You Have A Leverage Ratio Of 1:100, You Can Control A Position Of $100,000 With A Deposit Of $100.
Leverage Can Amplify Your Profits, But It Can Also Amplify Your Losses. It Is Important To Use Leverage Wisely And Understand The Risks Involved.
Spreads And Commissions
ICMTrading Offers Spreads And Commissions On Three Account Types: Standard Account, Professional Account And VIP Account. Spreads On Major Currency Pairs Such As EUR/USD, GBP/USD And USD/JPY Vary On Accounts, With VIP Accounts Offering The Tightest Spreads. In Addition, Commissions Per Lot Traded Are 0.01 Dollars For Standard Accounts, 0 Dollars For Professional Accounts And 0 Dollars For VIP Accounts.
Features, Standard Account, Professional Account VIP Account
EUR/USD Spread, Variable, Starting 0.1 Points, Variable, Starting 0.0 Points 0.0 Points
GBP/USD Spread, Variable, Starting 0.2 Points, Variable, Starting 0.1 Points 0.0 Points
USD/JPY Spread, Variable, Starting 0.3 Points, Variable, Starting 0.2 Points 0.1 Points
Commission 0.01 Dollars 0 Dollars 0 Dollars
Trading Platform
ICMTrading Offers Traders Three Different Trading Platforms Are Selected, And Each Platform Is Customized According To Different Trading Styles And Preferences.
MetaTrader 4 (MT4): A Widely Recognized Multi-functional Trading Interface. MT4 Is Known For Its User-friendly Design, Advanced Charting Tools, And Extensive Customization Options. Its Popularity Among Forex Traders Is Attributed To Its Comprehensive Technical Analysis Capabilities And Strong Support For Expert Advisor (EA) Automated Trading. MetaTrader 5 (MT5): The Successor To MT4, Introducing Advanced Features Tailored To The Changing Needs Of Traders. It Supports A Wider Range Of Financial Instruments, Including Stocks, Commodities, Cryptocurrencies, And More. MT5 Offers Enhanced Charting Tools And Timeframes For In-depth Technical Analysis. Traders Can Stay Up To Date On Market Events With An Integrated Economic Calendar And News Features. With The Help Of The MQL5 Programming Language, MT5 Allows The Development Of Sophisticated Trading Algorithms And Expert Advisors, Providing Greater Flexibility In Strategy Implementation.
CTrader: Known For Its Advanced Charting Capabilities, It Provides Traders With In-depth Technical Analysis Tools. The Platform Offers Multiple Chart Types, Timeframes, And Plotting Tools That Enable Users To Perform Comprehensive Market Analysis And Make Informed Trading Decisions.
Deposits & Withdrawals
ICMTrading Offers A Variety Of Deposit And Withdrawal Methods With Different Processing Fees And Processing Times. Credit/debit Card Deposits Are Free, And Telegraphic Transfer Withdrawals Charge A $20 Processing Fee And Take 3-5 Business Days. E-wallets, Such As Skrill And Neteller, Both Charge A 2.50% Fee For Deposits And Withdrawals, And The Processing Time Is Faster, Instant To 24-48 Hours. The Choice Depends On Personal Preference, Credit/debit Cards Are More Cost-effective, But E-wallets Offer Faster Transactions.
Deposit Method, Deposit Fee, Withdrawal Fee, Deposit Processing Time, Withdrawal Processing Time
Credit/Debit Card 0% 2.50% Instant 1-3 Business Days
Telegraphic Transfer 0% $20 1-3 Business Days 3-5 Business Days
Electronic Wallet (Skrill, Neteller) 2.50% 2.50% Instant 24-48 Hours
Educational Resources
ICMTrading Offers A Range Of Educational Resources To Provide Traders With Knowledge And Insights Into Financial Marekt. The Following Is An Overview Of The Main Educational Services:
Trading Academy: The Trading Academy Serves As A Centralized Learning Center That Provides Comprehensive Educational Materials For Traders At All Levels.
Webinars: Webinars Hosted By Market Experts Provide A Real-time Interactive Learning Experience. Traders Can Participate In Live Discussions, Ask Questions, And Gain Insights From Experienced Professionals.
Market Analysis Reports: ICMTrading Provides Regular Market Analysis Reports That Provide In-depth Commentary On Current Market Conditions.
Together, These Educational Resources Contribute To ICMTrading's Commitment To Trader Development. Whether Traders Are Looking For The Basics, Real-time Insights Or In-depth Market Analysis, ICMTrading's Educational Courses Cater To A Wide Range Of Learning Preferences. By Providing These Resources, ICMTrading Aims To Enhance Traders' Skills And Confidence So That They Can More Effectively Navigate The Complexities Of Financial Marekting.
