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ICM Capital Fees and Spreads

ICM Capital Fees and Spreads

 

 

Overall Rating

4.5/5

Rated #435 of 
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ICM Capital spread and commission fees start from US Dollar 7 with spreads from 1.3 pips.

ICM Capital charges varying deposit fees and withdrawal fees depending on the selected payment method. ICM Capital does charge a fee for inactive accounts.

Finding a reputable list about ICM Capital Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

The ICM Capital spread list is as follows:

The brokerage provides competitive spreads and commission fees for both its account types. The Direct account EURUSD spread is given at 1.3 pips and is offered free of commissions.

Clients also have the option of opening the ICM Zero account, which offers zero pip spreads on the EURUSD, but will then be charged a $7 commission per round lot.

 

Additional Trading Fees

ICM Capital charges swap fees, or overnight fees, which is an additional charge that traders should take into consideration. There is no indication as to whether the broker charges inactivity fees.

The Swap rate varies for both Long and Short position can be viewed on each instrument through the MT4 platform on “specification”.

A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.

The broker does offer an Islamic account, also referred to as a swap-free account, which allows Muslim traders to avoid this type of interest as it is strictly prohibited by Sharia law.

ICM Capital charges varying deposit fees and withdrawal fees depending on the selected payment method. The payment processor may also charge a fee which is beyond the broker’s control.

 

Overall Rating

4.5/5

Rated #435 of 
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

ICM Capital is not a spread betting broker, so that spread betting fees will not apply.

 

Pros and Cons

✔️PROS ❌ CONS
Tight spreads Deposit fees are charged
Commission free trading available Withdrawal fees are charged
Islamic Account available

 

You might also like: ICM Capital Minimum Deposit

You might also like: ICM Capital Demo Account

You might also like: ICM Capital Sign up Bonus

You might also like: ICM Capital Account types

You might also like: ICM Capital Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with ICM Capital?

The broker offers customers access to over 65 financial instruments:

  • Spot foreign exchange (50+ pairs)
  • Precious metals including gold and silver
  • US stocks
  • Energy futures
  • Index futures
  • Cash CFDs

 

Does ICM Capital offer leverage?

Yes.

 

What spreads can I expect with ICM Capital?

The ICM Capital spread list is as follows:

The brokerage provides relatively competitive spreads and commission fees for both its account types. The Direct account EURUSD spread is given at 1.3 pips and is offered free of commissions.

Clients also have the option of opening the ICM Zero account, which offers zero pip spreads on the EURUSD.

 

Does ICM Capital charge commission?

Yes, ICM Capital charges commissions on the ICM Zero account, which charges $7 per round lot and the spread is starting at 0 with the EURUSD pair.

 

Is ICM Capital regulated?

Yes, ICM CAPITAL is regulated by the Financial Conduct Authority (FCA).

 

Is ICM Capital a recommended forex trading broker for experts and beginners?

Yes, ICM Capital offers an excellent trading environment for beginner and advanced traders.

 

What is the overall rating out of 10 for ICM Capital?

8/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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