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ICM Brokers Review
ICM Brokers claims a Mauritius FSC license that could not be found in the regulator's own register, despite running a live MetaTrader 5 platform with accounts from fifty dollars.
Min Deposit
$50
Spreads From
0.8 pips on forex pairs
Max Leverage
1:1000
Platforms
MetaTrader 5
Pros
- Edge Plus account opens from just fifty dollars for new traders
- Runs on MetaTrader 5 across desktop, web, and mobile devices
- Spreads on forex start from 0.8 pips on the Edge Plus account
- Covers 300 plus instruments across forex, metals, crypto, and shares
Cons
- Its claimed FSC Mauritius license could not be found in the regulator's register
- Only a Saint Vincent company listing backs this broker, not a financial license
- Is a separate company from the similarly named, genuinely licensed ICM.com
- Leverage up to 1:1000 is far above limits set for retail clients in the EU
ICM Brokers is not the same company as the similarly named ICM.com. It trades through International Capital Markets Brokers LLC, registered in Saint Vincent and the Grenadines under number 1956 LLC 2022, a simple company listing rather than a financial license.
The site states it holds an FSC Mauritius Investment Dealer License, yet independent registry checks could not find this license in the regulator's own public database, a real gap between the claim and the record. Trading runs on MetaTrader 5 through an Edge account from 250 dollars or an Edge Plus account from just 50 dollars, with spreads from 0.8 pips on forex and leverage up to 1:1000.
A welcome bonus program has run in the past, requiring a 300 dollar deposit, though its listed window closed in mid 2025 and no fresh live terms could be confirmed on the current site. Without a verified regulator, the negative balance protection and segregated funds the site advertises rest on the broker's own word alone.
Min. Deposit
USD 50
Max Leverage
1:1000
Spreads From
0.8 pips on forex pairs
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
