Crypto / Forex Broker Reviews

Security of Trading Redefined for New Traders – ICM Capital Review

ICM Capital Review

When looking for an online broker to start your trading career, you have to look at a lot of factors. The most important factor must always be the security of your money and information. It does not matter how good the trading conditions are with a particular broker because if the money is not safe and your information is being shared with unauthorized parties, you are only going to receive damages in the end. Every broker has a unique value proposition to offer to its traders. When it comes to ICM Capital, this broker offers the type of security to its traders that many online brokers can only think of.

So, what is it so special about ICM Capital that has made it a favorite for traders from around the world? Let’s take a look at each feature offered by this broker one by one to see how it makes trading safe for its traders.

ROBOT RATING PROPERTIES TRADE
Crypto Comeback Pro

Crypto Comeback Pro Review #1 Best Trading Software

83% Declared Win Rate

$250 Min Deposit

Accepts Credit Card

  Trade Read Review

ICM Capital – One of the Safest Online Brokers Around

Proper Regulation

You can never overlook the regulation of an online broker when you want to start your trading career. This is the most important thing you have to check not only to ensure the legality of the broker but also the protection of your money and information. If a broker is not being regulated by any regulating authority, how can you expect it to perform transparently and fairly? Believe it or not, brokers have more ways than you know to make their money while leaving you with none. It is only through proper regulation that a broker can ensure its traders that it cares about their security and the transparency of all the financial activities on its platform.

ICM Capital is regulated by FCA. Financial Conduct Authority not only regulates but also authorizes the broker to perform its online brokerage services and provide trading services to the traders. The registration number of the broker is available on the website for you to see. With this type of regulation, you can be sure that you are signing up with a legal entity and that all your funds will be kept and paid out fairly.

Protection of Funds

You will hardly find an online broker who has the features to protect your funds that ICM Capital does. The broker already meets the industry standards by keeping your funds in separate accounts. This is to ensure that the funds of the company and the customers don’t mix. In addition to that, the broker also has proper insurance coverage for its traders, which is something that most other online brokers don’t have. With this insurance policy, the broker will cover the monetary damages that may arise in the future due to the negligence of the broker. You have a protection of up to 1,000,000 GBP from the broker in case it liquidates in the future.

So, your money is safe even when the broker keeps it and when something goes wrong with the broker. With this confidence, you can always trade worry-free and make profits on your trades consistently.

The Big Asset Index

You are going to love how many options you have on the trading index from ICM Capital. Think about an asset and you will find it on ICM Capital asset index. This type of asset index allows new and experienced traders diversity and protection of their money. They can always find stable, volatile, and correlated assets to minimize their risks and losses. So, when you look at the asset index from the broker, you find just about every asset you can think of. You have the major and minor currency pairs that you can trade on the trading platform at any part of the day or night.

Starting from the most stable currencies, you have the rarest currency pairs available to trade with this broker. This allows you to play safe when you are learning how to trade and trade volatile currencies when you want to make big profits on your trades. In addition to the currency pairs, you have the precious metals available trading as well. At the moment, you have two of the most stable metals that you can trade with this broker. You can trade silver and gold while also taking advantage of the huge leverages on these precious assets. The margin requirements are quite easy to bear with these precious metals.

If you are interested in trading stocks, you will find the best US stocks on the list. These stocks are from the US financial markets and have some of the biggest names in them such as IBM, GE, NFLX, Coca Cola, AT&T, Apple, Twitter, etc. The contract size you can trade with any of these stocks is only 100 shares. Spreads are quite tight when you trade assets and the margin requirements are manageable too. You might not have a lot of options if you are someone looking to trade energies. The only energy asset available on the asset index right now is Crude Oil.

Under the category Cash Futures, you will find a lot of mixed assets too. You will find some indices, energies, and some commodities in there. In short, the asset index from the broker is adequately big for new traders to find the options that suit their trading style and for experienced traders to diversify their portfolios.

Basic Account Type

If you are a new trader, you will love to sign up with the basic account type. This is an easy account for those who are trading for the first time or have traded only for a short span. The features in this account suit new traders perfectly. The first thing you have to look at is the amount of money you have to deposit to activate the account. All you need is a minimum deposit of just $200 in order to activate this account and start trading in the real financial markets. You can drop the same 200 in other currencies like GBP and EUR. It means most of the clients will not have to worry about converting their base currencies to know the minimum deposits.

On some assets, you will get a leverage of 1:30 with this basic account. If you look at other brokers and the leverages they offer, this might not be the biggest leverage for you. However, this leverage is big enough for any trader to earn huge profits and achieve the financial goals they have set. When you sign up with this basic account, you have the entire asset index from ICM Capital available for you to trade. No matter where you are located, you will get access to all the financial instruments that ICM Capital offers once you have signed up with the basic account type.

There will be an expert advisor to help you with your account and trading as soon as you sign up with this basic account. There is ample training material available to the traders as well when they sign up with the paid account. In fact, the broker is willing to send you free SMS updates on your account, which is something that most other brokers do not include with your trading account for free. With this same basic account, you will get access to the best trading platform and the best financial markets from around the world.

If you are not okay with the features you get with the basic account, you can go with the one for professional clients. With this account, you will enjoy some huge benefits such as the leverages available on your trades. For example, if you sign up with this account, you will get leverages of up to 1:200. This leverage is big enough to control some huge trades and make the profits that can change you as a trader within minute. Of course, there is a lot of risk involved in this type of trading too. This account also comes with the negative balance protection. These features are not available with the basic account.

A lot of what you get with the professional account is the same as you get with the basic account. You are highly recommended to compare the two account types closely before you reach any final decision.

Depositing and Withdrawing Funds

There are very few brokers on the internet that think out of the box when it comes to the banking portion of your online trading account. Most of them are sticking to the same old and conventional ways of depositing and withdrawing funds in and from your account. When you want to deposit, you can do so through a credit card, bank wire or an internet payment method. On the other hand, you have ICM Capital providing you with the best way to deposit funds in your account. It gives you an ICM Capital MasterCard that you can link directly to your online trading account.

This card associates with your online trading account just like your personal ATM card is connected to your bank account. When it comes to depositing funds in your account, you can do so using this card. At the same time, you can withdraw funds from your account using this card. Anywhere in the world where you see the MasterCard logo, you will be able to make a deposit or withdrawal. The best thing is that you can connect this particular card with more trading accounts as well. And when you are in stores, you can use it just like any other debit or ATM card.

There are not many brokers who would think of your convenience in such an out-of-the-box way. Not only has this broker made the deposits easier but also brought maximum convenience to its traders when they want to withdraw funds. At the time of applying for this card, you can also decide which currency you want it for. At the moment, the currencies you can pick include the GBP, EUR, and USD.

With other brokers, you have to use the methods you have used for depositing the funds to withdraw the funds as well. Those methods are slow, especially because there are many parties involved in every transaction. When you have the ICM Capital MasterCard, you don’t have to deal with any third parties. Whatever profits you have made on your trades can be transferred to your card instantly. You can then use this card on stores or anywhere you want just like you use other cards in your wallet. This type of convenience is hard to find no matter how big the broker is who you are signing up with.

The Real Trading Platform

ICM Capital never offers you anything less than 100%. From how you open the account to how you trade on its trading platform, everything has been designed for your convenience and ease. So, once you have signed up with one of the accounts from the broker, you are able to use the trading platform. The trading platform you will use when you sign up with ICM Capital is MetaTrader 4. If you have any little knowledge about the trading industry, you must know how popular the MT4 trading platform is. Even after several years, it is considered the best trading platform in the world.

This is the most reliable trading platform that you can get access to. It lets you customize things according to your needs. In addition to that, it comes with expert advisor feature and the option to be translated in more than two dozen languages. Compatibility is not an issue for this trading platform. No matter which device or operating system you are on, MetaTrader 4 is there for you to use. If you are using a personal computer, it can be downloaded and used just like any other trading platform. You can even use it with the same ease if you have a MAC.

Of course, modern traders want to trade on the go and are not the biggest fans of desktop computers. They want everything to be mobile around them. That’s why the company has worked hard to bring its MetaTrader 4 trading platform to the mobile devices. Now, it does not matter whether you have the Android or the iOS operating system, you can install the trading platform on any of these phones. The best thing is that the features are not compromised or lacking in any feature. The trading platform on your smartphone device is just as good as the one your desktop computer.

Education and Training

You cannot talk about an online broker in the modern unless you talk about the education and training section. Every broker now provides training material to its traders. This training material helps you learn about trading before you deposit your real money in the account and start trading it. A lot of the information you need about trading is already available on the website. From glossary of terms used in trading to the basic definitions that will explain to you what trading is all about, they are all available on the website. But that’s not what makes training material from the broker a great educational course.

ICM Capital has put in a lot of efforts to bring its training material to the level of the best brokers. When you look at what this broker has to offer, you have to say that it is offering much better training material than most other brokers. The first thing you have to notice is that you can choose from the seminars, webinars, and tradeshows. It is truly in your hands how you want to learn trading once you are with ICM Capital. If you think sitting at home while learning is most comfortable for you, webinars are there for you. If you don’t mind visiting venues to learn about trading, you might want to attend some seminars.

You also have the option to be a part of a tradeshow where you can learn a lot about trading. You can learn with the help of ebooks or videos. It is entirely on you to decide which way will be best for you to learn. The broker has taken the responsibility to teach you at least the basics of trading before you put your real money on the line. It is often the case with many new traders. They just know the basics and jump into trading. The initial losses are the worst because they prevent the new traders from starting a career in the first place.

The Trading Conditions

After you have brought everything into consideration, you might also want to take a look at the trading conditions you will enjoy with your broker. Trading conditions decide how easily or with difficulty you will be trading when you sign up with a broker. With certain account types and assets, you don’t have to worry about spreads at all. All you have to do is pay a small commission on your trade and then you can walk home with all the profit you make on your trade. The best thing is that you can increase your profit size by taking advantage of the leverage available to you from the broker.

You can enjoy a leverage of 1:30 on many assets from the ICM Capital’s asset index. This leverage is perfectly suited to the new traders. Too much leverage can make them greedy and end them up with huge losses that they cannot bear with their small budget. On the other hand, a small leverage still gives them enough advantage in their trades that they can walk home with handsome profits at the end of the day. Now, once you have joined the trading platform from the broker, you are not bound to open one trade at a time only. In fact, you can open multiple positions and trade in many different financial markets at the same time.

The risk management tools are there to help you keep your risks to the minimum at the time of entering a trade. You don’t have to worry about requotes because you are on the best trading platform of the industry and with one of the best online brokers you can find today. If you are worried about the performance of your platform and hence losing trades, you can go with the VPS option as well. VPS stands for virtual private server. This is a virtual server that the company dedicates to you for your trading needs. On this server, you have your own specified resources available in the form of memory, storage, processor etc.

With this type of setup, you can enter trades without worrying that the price you are seeing is old. Stable internet connection is extremely important in trading and you can enjoy the most flawless internet connections when you have access to the virtual private server feature.

Customer Service

First of all, you have the website of ICM Capital available in many different languages. It shows that the company is serious with its traders from all around the world. Furthermore, when you have an issue that needs resolution on an urgent basis, you contact the company on one of the many phone numbers available on the website. These phone numbers are available for different regions of the world. Client support services are available for 12 hours every day from Monday to Friday. On the other hand, you can get technical services from Monday to Friday all day and night long.

Final Thoughts

It is clear from the features offered by this broker that it cares about its new traders. It lets them join the platform with a very small initial deposit. It provides them with the best trading conditions and a huge asset index that lets them control their losses. When you sign up with this broker, you know you will be on the best trading platform called MetaTrader 4. With perfect trading conditions, excellent customer support from the broker, and tight spreads being offered on a variety of financial assets, ICM Capital is definitely one of the best options for new traders to consider.

ROBOT RATING PROPERTIES TRADE
Crypto Comeback Pro

Crypto Comeback Pro Review #1 Best Trading Software

83% Declared Win Rate

$250 Min Deposit

Accepts Credit Card

  Trade Read Review
Summary
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Reviewed Item
ICM Capital
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