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Overview

ICM Brokers was established by leading experts in the field of finance, who have experience of working for more than fifty years. The Head Offices of the broker are located in New York, in the United States and in Melbourne, Australia. Besides, ICM Brokers has its international representative offices, which are located in twenty countries of the world.

On the site of the broker all users can pass free training using print materials or visit the web seminars that are conducted by professional traders of the company.

Nowadays the broker allows traders to trade on the international financial markets on favorable conditions, where the minimum spread is only 0.5 points, swaps and any slippages of orders are absent, technical support works effectively, providing consultations in different languages.

Traders can open one of several trading accounts and start trading various currency pairs and, if desired, they may switch to trading options, gold, silver, crude oil, futures and CFD.

Broker pleases periodically its customers with promotions and contests, where they can get very good Forex bonuses for free. The most popular one is the contest on demo accounts, but it is held not very often, and employees of the broker inform all customers about its beginning via email.

Bonuses

ICM Brokers holds periodically to its customers a variety of promotions, among which there are good Forex bonuses and contests for Forex traders on demo accounts.

The contest on demo accounts is organized together with the Stock Market Trading Academy and trading Masterforex-V. The prize pool of the contest on demo accounts is $10,000, which is shared between three traders with the best results.

Distribution of the prize pool:

- the 1st place - Forex bonus is $5,000

- the 2nd place - Forex bonus is $3,000

- the 3rd place - Forex bonus is $2,000

All customers of ICM Brokers, aged 18, who have indicated their accurate personal data, can participate in the contest. The duration of the contest on demo accounts is fourteen days. At the beginning of the contest all participants receive a startup capital of $5,000. Participants of the contest should use a standard account with a leverage of 1:100 for trading.

Rules of trading in the contest:

- simultaneous position opening (not more than ten)

- the maximum transition loss does not exceed 5%

- the minimum number of open positions during the contest is not less than 10

- the minimum profit is not less than 25%.

Selection of winners occurs according to the following criteria:

- number and size of the maximum drawdown

- profit size after the drawdown

- time that is required for the reaching of the previous transaction maximum

- difference between the previous and the current maximum.

During the contest it is strictly forbidden to use trading robots and expert advisors, as well as to perform scalping.

Forex bonuses will be credited to their personal trading accounts for the future trading on the foreign exchange market at the end of the contest and after the announcement of winners.

Training

ICM Brokers provides an opportunity for all users to pass free training, using materials that are available on the website of the Forex broker, allowing beginners to learn trading currency pairs, futures, precious metals, options and contracts for difference.

Learning materials

1. Familiarity with the international Forex market:

- what is the foreign exchange market

- how to trade currency pairs

- supply and demand on the foreign exchange market

- what is margin

- who trades on the foreign exchange market.

2. Fundamental analysis:

- what is fundamental analysis

- the law of supply and demand

- market expectations

- political news

- major economic factors

- interest rates

- producer price index

- consumer price index

- GNP (gross national product)

- industrial production

- retail trading

- behavior of the central banks of different countries.

3. Technical analysis:

- what is technical analysis

- technical analysis using charts

- what is a histogram

- chart patterns and trendlines

- calculation of trends and their analysis

- support and resistance levels

- securities indicator - Stochastic

- RSI (relative strength index)

- moving average (simple, exponential, weighted).

4. Rules of trading on the global financial markets (in particular on the foreign exchange market):

- a set of rules for successful trading.

5. Examples of trading on the currency market.

6. Examples of options trading.

7. Examples of futures trading.

8. CFD trading examples.

9. Examples of precious metals (silver, gold) trading.

Broker periodically conducts seminars for its customers, where they can study trading on the foreign exchange market profoundly.

ICM Brokers allows novice traders to open a demo account, where clients can trade on the Forex market with virtual money in real time. Demo account is available for trading within twenty working days and then it will be closed by the broker.

Terms of trading

ICM Brokers offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $300

- leverages are 1:100, 1:200, 1:400

- a lot of currency pairs, securities, gold, silver, futures

- fixed spread is from 2 points (the floating one is from 0.5 points)

MetaTrader 4

- multi-language support

- execution of orders Instant Execution and Market Execution

- a large number of embedded technical indicators

- addition of new Forex indicators

- setup and creation of Forex advisors with MetaQuotes Language 4

- quotes export via DDE

- chart printing.

ICM Brokers allows customers to open an account, based on their needs.

Trading accounts of ICM Brokers:

- Standard

- Prime

- Professional.

Trading account Standard:

- the minimum deposit is $300

- spread is fixed from 2 points

- leverages are 1:100, 1:200, 1:400 (optional)

- the minimum lot size is 0.01

- the maximum lot size is 100

- number of open positions is not limited

- no slippage.

Trading account Prime:

- the minimum deposit is $2,000

- spread is floating from 0.5 points

- leverages are 1:100, 1:200 (optional)

- the minimum lot size is 0.01

- the maximum lot size is 100

- number of open positions is not limited

- no slippage.

Trading account Professional:

- the minimum deposit is $500,000

- spread is floating from 0.5 points

- credit limit - 1:100

- the minimum lot size is 1.0

- the maximum lot size is 100

- number of open positions is not limited

- no slippage.

Forex indicators (recommended)

- Schaff Trend Cycle

- Var Mov Avg

- ZigZagOnParabolic

- Trade Assistant

- Range Expansion Index.

Forex expert advisors (recommended)

- RelativeR2 (an automated Forex expert advisor, developed on the basis of the technical indicator Stochastic that allows users to make profitable trading transactions with high probability on different currency pairs on the Forex market)

- Binario (an automated Forex advisor, used the analysis of moving averages, that gives the opportunity to trade different currency pairs both at long-term and short-term distances)

- Spike Trader (a popular automated Forex expert advisor, based on the analysis of Japanese candlesticks, that allows it to determine the best market entry and exit points, making a good profit).

Investments

Clients do not have the possibility on the site of the ICM Brokers to invest money in professional managers, who tend to work on the PAMM-accounts. All arrangements about the trust management can be carried out independently at their own risk, as the broker does not bear responsibility in this case.

Unique features

ICM Brokers offers its customers the opportunity to receive a stable additional profit with the help of an affiliate program, which may become the main one for some of them.

The affiliate program has two forms:

- IB (Introducing Broker)

- White Label partnership.

All clients of the ICM Brokers can become introducing brokers. After registration of traders as partners, the broker will provide them with all the necessary materials for attraction of new customers, as well as the approximate marketing plan of activities. An income of partners depends largely on the number of new attracted customers and a trade turnover, which they conduct through the broker. The higher are these indices, the higher is the income of the partner.

White Label partnership is designed for financial companies and legal persons, which want to start their own business in the field of Internet trading. To become a partner in this direction, it is necessary to send an application to employees of the company and after its consideration the most effective method of starting a brokerage business will be offered.

Add/withdraw funds

ICM Brokers offers the following methods to deposit and withdraw funds: PayPal, VISA and MasterCard.

Contacts

ICM Brokers provides the comprehensive support for all its customers by e-mail [email protected], via the feedback form, located on its website, as well as by international phone +1 212 918 4602.

Cons and pros

+ the world famous broker

+ the minimum deposit is $300

+ small spread

+ good leverage

+ periodical contests and promotions

+ learning materials and seminars

+ good technical support

- rare Forex bonuses

- small number of ways to deposit and withdraw funds.

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