ICM Capital Review 2026
The full ICM Capital write-up for Kazakhstan traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Kazakhstan
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD081 |
| Regulated Entity | ICM Capital (Seychelles) Ltd |
| Max Leverage (Forex) | 1:500 |
| 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 |
Verdict
Cooks under FSA (licence SD081). Cover charge $200. In Kazakhstan, forex leverage is capped at 1:500.
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 (Seychelles) Ltd under FSA.
In Kazakhstan, ICM Capital serves as ICM Capital (Seychelles) Ltd, cleared by FSA under licence number SD081. Under FSA house rules, Kazakhstan traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD081
- 250+ instruments to trade
- Negative balance protection in Kazakhstan
- 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 FSA, issued to the entity ICM Capital (Seychelles) Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for ICM Capital in Kazakhstan?
The cover charge is $200, the smallest amount Kazakhstan traders need to open a live account with ICM Capital under FSA rules.
What leverage does ICM Capital offer in Kazakhstan?
In Kazakhstan, FSA rules cap ICM Capital at 1:500 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 FSA. 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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