ICM Capital Review 2026
The full ICM Capital write-up for United Kingdom traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in United Kingdom
| Regulator | FCA FCA, Financial Conduct Authority (FCA) |
| Licence Number | 520965 |
| Regulated Entity | ICM Capital Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 250+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD20/month after 3 months |
| Verify on FCA register → | 520965 |
Verdict
Cooks under FCA (licence 520965). Cover charge $200. In United Kingdom, forex leverage is capped at 1:30.
About ICM Capital
ICM Capital opened its doors in 2009 out of a kitchen in London, UK. Its menu runs to 250 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by ICM Capital Ltd under FCA.
In United Kingdom, ICM Capital serves as ICM Capital Ltd, cleared by FCA under licence number 520965. Under FCA house rules, United Kingdom traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- FCA regulated, licence 520965
- 250+ instruments to trade
- Negative balance protection in United Kingdom
- Platforms: MT4, MT5
- Founded in 2009 (17 years operating)
- Headquartered in London, UK
Cons
- Inactivity fee: USD20/month after 3 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is ICM Capital regulated?
Yes. ICM Capital is authorised by FCA, issued to the entity ICM Capital Ltd, an authorisation you can look up for yourself on the official FCA public register.
What is the minimum deposit for ICM Capital in United Kingdom?
The cover charge is $200, the smallest amount United Kingdom traders need to open a live account with ICM Capital under FCA rules.
What leverage does ICM Capital offer in United Kingdom?
In United Kingdom, FCA rules cap ICM Capital at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is ICM Capital safe to trade with?
The kitchen passes inspection: ICM Capital cooks under FCA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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