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ICM Brokers

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Stay Safe! ICM Brokers is flagged as a SCAM due to a lack of regulation & user complaints. Read reviews & find a trusted, regulated broker instead.
ICM Brokers Warning: Unregulated Forex Broker

Operating status: SCAM

Website: https://www.icmbrokers.com/

Broker violations and abnormal records
  • 2021-06-30 BrokersView has reviewed that ICM Broker is an unregulated forex broker

    ICM Brokers claims to be a reliable broker while presenting no details of its regulation on the website. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their licenses and certificates in a prominent place.

    Besides, ICM Brokers shows its office address is in St. Vincent and the Grenadines. However, we did not find any match results to ICM Brokers in St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue licenses for forex trading nor regulate any forex activities.

    The truth is, ICM Brokers is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam

    ICM Brokers claims to be a reliable broker while presenting no details of its regulation on the website. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their licenses and certificates in a prominent place.Besides, ICM Brokers shows its office address is in St. Vincent and the Grenadines. However, we did not find any match results to ICM Brokers in St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue licenses for forex trading nor regulate any forex activities.The truth is, ICM Brokers is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam

Related Complaints

Q&A

Is ICM Brokers regulated?

Dennis Christoforidis
Cameroon
2023-03-02
ANSWER ICM Brokers is not a regulated or licensed broker for traders even though it states offers that look good to be true.ICM Brokers claims to be the trading name of International Capital Markets Brokers LLC, which is supposedly registered by the Registrar of International Business Companies under the number 1956 LLC 2022 and has office St. Vincent and the Grenadines. However, our search for this broker in Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) didn't yield any results. Additionally, it should be noted that the SVG FSA is not a regulatory body for the forex market. More importantly, the Registrar of International Business Companies has no legal authority to regulate forex activities.Therefore, ICM Brokers is not under valid regulation by any regulators to provide investment services. We recommend you to stay away from ICM Brokers and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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How much will I be charged after my 20 days free trial account expired ?

AnAn
Indonesia
2022-05-19
ANSWER ICMBrokers is not a licensed and regulated broker even though it states offers that look good to be true. ICMBrokers claims it has registered office in Kingstown, St. Vincent and the Grenadines. However, we did not find any match results to ICMBrokers in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading nor regulate any forex activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated.The truth is, ICMBrokers is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. We would recommend traders stay away from unregulated brokers like ICMBrokers and trade with licensed brokers.
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3 comments

Mario Vega
They arbitrarily closed my opened positions at their favorable price. Then they simply blocked the entry. I cannot log in, only get an error. and they told me such a user does not exist. How come????
2023-03-02
Reply
coconino ahmad m
I made a withdrawal request of $200 but the application was rejected without any explanation. Sacmmers!
2023-02-25
Reply
Guest
One star. I have different variations of problem with the platform..varying from withdrqw to slippage problem etc. and I didnt realized that icm brokers is a scam until I got help with a tech company.
2022-12-29
Reply
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