ICM
ICM (ICM.com) is a privately held, multi-regulated online broker offering retail and institutional clients CFD trading in forex, commodities, indices, stocks, and crypto via MT4/MT5, supported by ECN execution, MAM, copy trading, an API bridge, and the ICM Mastercard across 140+ countries.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What ICM does
ICM (operated as ICM.com / ICM Capital Limited) is a privately held, multi-regulated online broker providing retail and institutional clients with execution access to forex, commodities, indices, stocks, and cryptocurrency CFDs. The firm runs seven regulated legal entities across Mauritius (primary, FSC), the United Kingdom (FCA), Abu Dhabi (ADGM FSRA), Dubai (CMA and SCA), Switzerland (ARIF), Seychelles (FSA), and South Africa (FSCA), with seven regional offices and a stated footprint of 140+ countries and 'millions of traders' served across multilingual sites in six languages.
The product stack is built on MetaTrader 4 and MetaTrader 5 platforms with ECN market execution, spreads starting at 0.0 pips, and Tier-1 liquidity. Complementary offerings include Trading Central's AI-driven market insights, free VPS hosting for 24/5 Expert Advisor execution, a copy-trading service, an MAM (Multi-Account Manager) interface for asset managers, an institutional API bridge, a white-label cTrader program, and the ICM Mastercard (Silver and Black) with a companion iOS/Android app. GTM combines product-led self-serve onboarding (three-minute AI-verified registration), enterprise field sales for professional and institutional accounts, and IB/affiliate plus white-label channel partnerships.
Revenue is generated primarily from spreads and commissions on CFD trading, with secondary streams from MAM markup and performance-fee share, IB/affiliate referral commissions, ICM Mastercard activation/transaction/FX fees, and promotional rebates. No revenue, AUM, or ownership figures are publicly disclosed.
ICM firmographics
Firmographics- Name
- ICM
- Legal name
- ICM Capital Limited
- Website
- https://icm.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ICM (ICM.com) is a privately held, multi-regulated online broker offering retail and institutional clients CFD trading in forex, commodities, indices, stocks, and crypto via MT4/MT5, supported by ECN execution, MAM, copy trading, an API bridge, and the ICM Mastercard across 140+ countries.
- Ownership category
- akta.pro rank
Where ICM is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices7 records
Markets served
ICM business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Spreads and Commissions: Primary revenue from the bid-ask spread differential on forex, commodities, indices, stocks, and cryptocurrency CFDs traded on MT4/MT5 platforms. ECN model with spreads starting from 0.0 pips.
- Card Services Revenue: Revenue from ICM Mastercard card activation fees, transaction fees, currency conversion fees, and ATM withdrawal charges across Silver and Black card tiers.
- Referral and Affiliate Commissions: Commission payments to introducing brokers (IBs) and affiliates for referring new clients, with performance-based tiered structures up to $150 per referral.
- MAM Account Management Fees: Asset managers using MAM accounts can set their own markup and performance fees, generating revenue share arrangements with ICM.
- Premium Services and Rebates: Rebates for professional traders, with ICM offeringrebates back to MAM account holders as part of partnership programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | ECN trading with spreads from 0.0 pips and Tier-1 liquidity |
| Transaction based/ take rate | Pay-as-you-go | Silver and Black ICM Mastercard prepaid cards |
| Other | Pay-as-you-go | Super Bonus promotion - cashback on USDT deposits |
| Freemium | Monthly | Free VPS Hosting |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
ICM product offering
Product offeringCore offering
ICM.com is a multi-regulated fintech broker that provides online trading access to forex, commodities, indices, stocks, and cryptocurrency CFDs through MetaTrader 4 and MetaTrader 5 platforms with ECN execution. The company offers tier-1 liquidity with spreads starting from 0.0 pips, AI-powered trading tools, free VPS hosting, copy trading, MAM multi-account management for professional asset managers, white label brokerage solutions, and a proprietary prepaid Mastercard (Silver and Black tiers) for global fund accessibility.
Product overview
ICM.com is a multi-regulated fintech broker offering a comprehensive multi-platform, multi-product trading ecosystem. The core offering centers on MetaTrader 4 and MetaTrader 5 as the primary trading platforms, enabling execution across forex, commodities, indices, stocks, and cryptocurrency CFDs. The product portfolio is enhanced by AI-powered Trading Central tools for market analysis, an Economic Calendar for tracking market events, and Copy Trading for social trading functionality. Institutional clients access an API bridge for algorithmic trading and white label cTrader solutions. The MAM account serves money managers handling multiple client portfolios. A proprietary ICM Mastercard (available in Silver and Black tiers with dedicated mobile apps) facilitates fund management. Partnership programs span introducing brokers, white label solutions, and institutional tiers, complemented by promotional offerings including deposit bonuses and referral rewards. The company is regulated across seven global jurisdictions: Mauritius (FSC), Abu Dhabi (FSRA), UAE (CMA), Switzerland (ARIF), UK (FCA), Seychelles (FSA), and South Africa (FSCA).
Differentiator
Problem solved
Functional benefit
Brands
- ICM Mastercard: Prepaid Mastercard offering global access, airport lounge access, travel insurance, and seamless fund management for traders. Available in Silver and Black variants.
- ICM Copy Trading
- ICM MAM
Products and services
- ICM.com Online Trading Platform Multi-regulated brokerage platform providing retail and institutional traders with access to forex pairs, commodities (gold, silver, oil), indices, 300+ stocks including Amazon, Apple, Nvidia, and cryptocurrency CFDs via ECN execution with Tier-1 liquidity and spreads from 0.0 pips.
- MetaTrader 4 Trading Platform ICM's offering of the industry-standard MetaTrader 4 trading platform with advanced charting, Expert Advisors support, and automated trading capabilities for retail and professional traders executing forex and CFD trades.
- MetaTrader 5 Trading Platform ICM's offering of the advanced MetaTrader 5 multi-asset trading platform featuring additional timeframes, more technical indicators, and enhanced algorithmic trading capabilities compared to MT4.
- ICM Mastercard Prepaid Card Prepaid Mastercard enabling traders to access trading profits globally, with multi-currency support, NFC payments, real-time card control via mobile app, available in Silver and Black tiers with airport lounge access (900+ globally) and travel medical insurance on the Black tier.
- MAM (Multi-Account Manager) Platform Dedicated interface for professional asset managers and money managers to manage multiple client trading accounts simultaneously, trade thousands of instruments across client accounts, set allocation parameters, define markup and performance fees, and execute bulk orders.
- White Label cTrader Solution Complete white label brokerage solution using the cTrader platform, providing partners with access to Tier-1 liquidity, cutting-edge technology, and fully customizable branding under the partner's own identity for launching a brokerage business worldwide.
- Institutional API Bridge Direct API bridge providing professional traders and portfolio managers with access to ECN market execution, deep Tier-1 liquidity, and full control over every trade for algorithmic and high-volume institutional trading.
- Partnership Programs (Introducing Broker / Affiliate) Multi-tier partnership program for introducing brokers and affiliates to refer new retail clients and earn commission-based compensation, with tiered rewards up to $150 per successful referral, dedicated account management, weekly market updates, and free VPS and API tool access.
Quantifiable outcome
- Spreads starting from 0.0 pips with Tier-1 liquidity
- +4 more outcomes
Companies that use ICM
Customer profileSegments5 records
Ideal customer profiles3 records
ICM technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature7 records
ICM partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Swisspod TechnologiescoreICM.com partnered with Swisspod Technologies SA, a Swiss-American company pioneering Hyperloop transportation technology. ICM serves as the official partner for Swisspod's first-of-its-kind Hyperloop testing facility with unlimited track in Lausanne, Switzerland. The partnership reflects ICM's commitment to supporting innovative future transportation solutions and shaping the fifth generation of mobility with focus on efficiency, speed, and environmental sustainability.
- SEAPIA (Sands End Adventure Playground)minorICM partnered with SEAPIA (Sands End Adventure Playground), a UK-based non-profit organization founded in 1970 providing play-based childcare for children aged 4-13. ICM provided support to feed 70 children with warm meals for three weeks as part of CSR initiatives. SEAPIA provides interactive play-focused care programs and creative activities in a positive environment.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
ICM competitors and assessment
Company assessmentDirect peers
- Pepperstone: Pepperstone is a multi-regulated Australian-founded forex and CFD broker offering MT4/MT5 and cTrader with ECN execution, spreads from 0.0 pips, and tier-1 liquidity. It directly competes with ICM across retail and institutional CFD traders on pricing, platform choice, and regulatory footprint.
- IC Markets: IC Markets is a leading ECN-focused forex and CFD broker offering MT4, MT5, and cTrader with raw spreads from 0.0 pips and deep liquidity. It competes head-to-head with ICM on platform stack, execution model, and global regulatory presence for active traders.
- XM (Trading Point): XM is a large, multi-regulated forex and CFD broker serving millions of retail clients globally with MT4/MT5, competitive spreads, and strong presence in MENA and Asia. It is one of ICM's closest direct competitors given overlapping geographic emphasis and similar product breadth.
- Exness: Exness is a globally regulated multi-asset broker offering forex, commodity, index, and crypto CFDs on MT4/MT5 with ECN execution and tight spreads. It competes with ICM across emerging markets including MENA, Africa, and Asia on pricing and platform choice.
- FXTM (ForexTime): FXTM is a multi-regulated forex and CFD broker with strong presence in MENA, Africa, and Asia, offering MT4/MT5, copy trading, and PAMM account services. It overlaps directly with ICM in target segments, regulated entities, and product mix.
- FBS: FBS is a multi-regulated broker offering forex, metal, index, and crypto CFDs on MT4/MT5 with strong MENA and Asia-Pacific presence and competitive copy trading. It is a comparable mid-tier global broker competing with ICM on platform, pricing, and emerging-market reach.
- RoboForex: RoboForex is a multi-regulated online broker providing forex, CFD, and crypto trading on MT4, MT5, and cTrader with multiple account types and partner programs. It is comparable to ICM on regulated footprint, asset class coverage, and IB/white-label offerings.
Broad incumbents
- IG Group: IG Group is a long-established, publicly listed global broker offering forex, CFDs, spread betting, and share trading across many platforms and geographies with a top-tier FCA license. It is a broad incumbent that competes with ICM in regulated markets and on multi-asset CFD offerings, though with a far larger balance sheet.
- OANDA: OANDA is a well-established global multi-regulated forex and CFD broker with proprietary technology, deep FX data heritage, and strong institutional and retail client base. It is a broad incumbent comparable to ICM on asset coverage and regulated multi-jurisdiction footprint, though with significantly larger scale.
- eToro: eToro is a global multi-asset broker and social trading platform offering forex, CFDs, stocks, and crypto with proprietary technology and a large retail user base. It is a broad incumbent comparable to ICM on retail FX/CFD offering and emerging-market reach, though with a differentiated social-investing model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ICM social profiles
Digital presenceICM compliance and trust
Trust signalCompliance7 records
ICM financial estimates
Financial estimateRevenue estimate
Valuation estimate
ICM leadership team
Management profileNumber of profiles
Profiles2 records
ICM subsidiaries and ownership
Company hierarchySubsidiaries6 records
ICM funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ICM M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ICM
What does ICM do?
ICM.com is a multi-regulated fintech broker that provides online trading access to forex, commodities, indices, stocks, and cryptocurrency CFDs through MetaTrader 4 and MetaTrader 5 platforms with ECN execution. The company offers tier-1 liquidity with spreads starting from 0.0 pips, AI-powered trading tools, free VPS hosting, copy trading, MAM multi-account management for professional asset managers, white label brokerage solutions, and a proprietary prepaid Mastercard (Silver and Black tiers) for global fund accessibility.
Is ICM a public or private company?
ICM is a private company. It is classified as unknown and is currently operating.
When was ICM founded?
ICM was founded in 2012. It employs 101 to 250 people.
Where is ICM based?
ICM is headquartered in London, United Kingdom, in the Europe region.
How does ICM make money?
Five revenue lines are on record. Spreads and Commissions are the primary driver. The others are card Services Revenue, referral and Affiliate Commissions, MAM Account Management Fees and premium Services and Rebates.
Who are ICM's main competitors?
Direct peers on record are Pepperstone, IC Markets, XM (Trading Point), Exness, FXTM (ForexTime), FBS and RoboForex. Broad incumbents are IG Group, OANDA and eToro.
Does ICM have an API?
No public API is recorded for ICM.