ICM Europe Review – What to expect from the broker

ICM Europe is a Forex and CFD Broker that features on its trading platform CFDs on commodities, indices, stocks. ICM Europe is a subordinate company of Charlgate Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. The minimum spread is for EUR/USD 1.3 pips*, real trading is possible with the minimum deposit of $200. The ICM Europe website is available in English only.

What do we cover in our ICM Europe Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.icmtrader.eu
  • Leverage: up to 1:30
  • Instruments: CFDs – forex, commodities, indices, stocks
  • Minimum deposit: $200 or equivalent in EUR, GBP or SGD
  • Demo account: Yes
  • Methods of deposit and withdrawal: Bank transfer

ICM Europe Trading Platform

For FX and CFD trading, ICM Europe offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.

ICM Europe Spreads

As any other CFD broker, ICM Europe charges a spread fee. For the most current spread charges, please visit the icmtrader.eu website. Here is a spread comparison table that contrasts ICM Europe spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
ICM Europe* 1.3 1.5 2.3 1.9
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Spreads recorded on 08.06.2019 at 9:18 GMT, information was taken from the website of the broker for the ICM direct account. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

To sum up the ICM Europe Review

ICM Europe adheres to strict regulatory guidelines of the CySEC (license no 367/18). The broker offers decent spreads on most assets and features a free demo account for practice trading. Unfortunately, the company does not feature any CFDs on cryptocurrencies, not even on Bitcoin.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with ICM Europe.



Michael

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