Founded in 2022, ICM Trader is registered in Suite 294, Beachmont Business Centre, Kingstown, Saint Vincent and the Grenadines. Although the platform claims to offer a variety of trading services, including forex, indices, commodities, and cryptocurrencies, and is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, the authority does not regulate financial derivatives, raising doubts about the regulatory effectiveness of ICM Trader. The official website of ICM Trader is: https://www.icmtrader.com/
Background of ICM Trader:
The domain name of the ICM Trader platform was officially established on December 5, 2011. However, despite the early registration of the domain name, ICM Trader was officially registered as a company on February 3, 2022.
Regulatory Information of ICM Trader:
ICM Trader claims to offer a variety of trading services, including forex, indices, commodities, and cryptocurrencies, operated by ICM Trader LLC. According to the information provided by the platform, ICM Trader is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, with registration number 1858 LLC 2022. We have indeed found registration information corresponding to ICM Trader LLC in the records of the FSA of Saint Vincent and the Grenadines, proving the legitimate registration status of the company in this jurisdiction.
ICM Trader Account Registration Process:
- Log in to the official website of ICM Trader and click the registration button
- Fill in the application form
- Submit identity verification/documents
- Deposit funds and start trading
Types of ICM Trader Accounts:
ICM DIRECT (ECN) Account:
- Leverage: 1:200
- Commission: 0
- Minimum trade size: 0.01 lots
ICM ZERO Account:
- Leverage: 1:200
- Commission: $7
- Minimum trade size: 0.01 lots
ICM CENT Account:
- Leverage: 1:200
- Commission: 0
- Minimum trade size: 0.01 micro-lots
ICM Trader Trading Software:
ICM Trader offers MetaTrader 4 (MT4). MetaTrader 4 is a popular trading system with powerful features and flexibility that meets the needs and preferences of various investors. The MetaTrader platform provides a wide range of analysis tools, charts, and automated trading functions that enable traders to efficiently execute various trading strategies.
ICM Trader Trading Products:
ICM Trader offers a diverse range of financial trading products aimed at meeting the needs and preferences of different types of investors. The main categories of trading products available on the platform include:
Forex: ICM Trader allows investors to participate in the global forex market, offering the trading of multiple currency pairs, including major, minor, and emerging market currency pairs.
Commodities: The platform supports the trading of a variety of commodities, including precious metals (such as gold and silver), energy products (such as crude oil and natural gas), and agricultural products.
Stocks: ICM Trader provides stock trading services for major global stock markets. Investors can buy and sell stocks of well-known companies through the platform, participating in corporate growth and dividends.
Indices: The platform offers trading services for a variety of major global stock market indices. By trading indices, investors can invest in the overall market performance without having to purchase individual stocks.
Cryptocurrencies: With the rapid development of the digital currency market, ICM Trader supports the trading of multiple mainstream cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others.
What are the Spreads, Leverage, and Commissions of ICM Trader?
ICM Trader offers three main account types: ICM DIRECT (ECN) Account, ICM ZERO Account, and ICM CENT Account. All accounts have a leverage of 1:200 and a minimum trade size of 0.01 lots (0.01 micro-lots for ICM CENT Account). Both the ICM DIRECT (ECN) Account and ICM CENT Account have no commission, while the ICM ZERO Account charges a commission of $7 per lot. This diverse design caters to different traders' needs, from the low-cost ICM DIRECT and ICM CENT Accounts to the ICM ZERO Account, which offers the advantage of zero spreads but charges a commission.
What are the Deposit and Withdrawal Methods of ICM Trader?
ICM Trader does not specifically introduce its deposit and withdrawal methods on its official website. Generally, traders might use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Conclusion:
ICM Trader does not disclose in detail its deposit and withdrawal methods and specific regulatory information, which poses challenges to the safety of investors' funds and the transparency of trading. When choosing a trading platform, investors should prioritize those that are reliably regulated and transparent in information to ensure the safety of their funds and smooth trading. ICM Trader is currently marked as "Non-Regulation" on TraderKnows.
