ICM Brokers refers to itself as a financial institution that specializes in providing clearing services for retail clients and professional traders. Representatives of the brokerage project claim that after the replenishment of the deposit, the client’s money is kept in separate accounts. They are separated from the finances of the intermediary itself, and therefore are used strictly for their intended purpose.
Despite the loud promises, an attentive trader may have a question: how true are these statements? Today we will figure out how the intermediary actually works, whether it is possible to believe his promises.
Features and functions of ICM Brokers
Attracting novice players to its platform, the firm offers a training demo account and educational programs. Brokerage web resource contains information on technical analysis and world markets. Wanting to be trained, a beginner will be able to find the necessary materials in the “Education” section.
The company’s specialists publish analytical reports on a daily basis. They contain forecasts for the main financial instruments. A registered participant in the system can use these tips, taking into account analytical reports when building his own strategy.
ICM Brokers tells about the advantages that distinguish it from competitors:
The client is provided with quality software. The platform allows you to work with several financial assets, diversifying the invested capital.
High market liquidity allows you to quickly buy and sell any goods.
There are no margin requirements. An exchange player can work with leverage on better terms.
Spreads from 0.5 pips. The level of commissions is fixed and does not change even during the publication of news.
The trader should be aware that these advantages are described on the broker’s official website, and therefore their authenticity remains questionable. To determine the real qualities of the company, you should study the positive and negative reviews of ICM Brokers. Only after that the trader will get a clear understanding of the professional level of the exchange intermediary.
Terms of cooperation with broker ICM Brokers
The intermediary publishes information about the specification of contracts for standard lots. In this table, you can find all the data regarding the trading products available on the brokerage platform. The firm offers to speculate in CFDs, spot metals, currency pairs, options and OTC futures.
Trading activity is carried out on the Metatrader 4 platform. The client can use built-in indicators and advisors, automating his work through innovative developments. The terminal is downloaded to a computer or mobile phone.
Wanting to get additional profit, the client is able to take part in the affiliate program and earn on attracting new players. The firm supports introducing brokers and other partners. She provides them with special software, marketing materials for posting on their own resources.
The company claims that there are no rollover fees at all on some accounts. She promises her traders quality service at any time of the day. The consultants work 5 days a week, providing assistance in different languages.
Tariffs on the official website of ICM Brokers
According to the brokerage company, it strives to take into account the individual characteristics of each client. This is why the broker has developed three accounts.
Can you benefit from working with ICM Brokers?
The company’s website contains an image of the popular NASDAQ stock exchange. Apparently, photography should help develop trust and improve the professional level of the company in the eyes of a potential client. At the same time, a trader should not pay attention to such tricks; it is better to read real reviews of ICM Brokers published on independent resources.
There are a lot of comments on the network about the fraudulent activities of this company. Clients talk about the lack of regulation by government agencies. The company has no legal basis to carry out trading activities and, apparently, does not engage in real exchange speculation.
The company adjusts the quotes as it suits it, nullifying the deposits of gullible users.
Withdrawals from ICM Brokers are almost impossible. Applications for the payment of large amounts are immediately rejected, but some exchange players have managed to withdraw their capital through several small payments. We do not recommend contacting this office, because it is a real scam. It is absolutely unrealistic to benefit from cooperation with her. In the best case, the client will return the investment.
