ICM

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.

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

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. MAM Account Management Fees: Asset managers using MAM accounts can set their own markup and performance fees, generating revenue share arrangements with ICM.
5. Premium Services and Rebates: Rebates for professional traders, with ICM offeringrebates back to MAM account holders as part of partnership programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core 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

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Swisspod TechnologiescoreStrategic or Co-development Partner · 2 April 2024ICM.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)minorOthers · 7 September 2020ICM 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

Direct 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

• Xx.com/ICMCapital
• YouTubeyoutube.com/user/ICMCapital
• Facebookfacebook.com/ICMCapital
• LinkedInlinkedin.com/company/icm.com
• Instagraminstagram.com/ICMCapital

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICM