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0 1 2 3 4 5 6 7 8 9
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/10

ICG Markets

United Kingdom United Kingdom | 5-10 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.icgmarkets.com/

Website

Rating Index

License 0.00 Software 4.00 Risk Control 0.00 Business 7.27 Regulation 0.00
1.55

Contact

+44 20 81577199
http://www.icgmarkets.com/
P.O. Box 1823,Stoney Ground, Kingstown, VC0100 St. Vincent & the Grenadines

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
ICG Markets
Email
queries@icgmarkets.com
Contact Number
+442081577199
Account Info
Verified Site
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Official Website

Verified Site

  • icgmarkets.com
    166.62.90.5
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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ICG Markets

Related Companies

FXONYX MARKETS LTD(United Kingdom)
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Deregistered
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Registration No. 13767744
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

basic-info

General Information

Registered in the United Kingdom, ICG Markets is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Metals, Cryptocurrency. Three tired trading accounts are available on the ICG Markets platform, with the minimum deposit to start trading from $100. The maximum trading leverage that investors can use is up to 1:300, a generous offering.

ICG Markets is operated by IC Global LTD, registration number: 23476IB2016. Please note that this forex broker is not authorized or regulated by any regulators, trading with an unregulated forex broker is a surefire way to lose your money.

Market Instruments

With the ICG Markets platform, diversified range of trading instruments can be traded, such as currency pairs, cryptocurrencies, metals, and more.

Account Types

ICG Markets provides three trading accounts to accommodate different traders; trading needs: Basic, Swap-free, and ECN. To open a Basic account, an initial deposit of $100 is all you need if you can bear the risk of trading with an unregulated forex broker. The Swap-free account is designed for Muslim traders, and this types of trading account need a deposit of $500. The ECN account is suitable for professional traders and scalpers who pursue tight spreads, and traders who want to try this account need fund at least $500.

account-types

How to open an account with ICG Markets?

Opening an account with ICG Markets is an easy and simple process:

1. Click the “Sign up” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

Trading leverage varies depending on trading accounts, ranging from 1:100 to 1:300. ICG Markets allows its clients to use leverage of up to 1:300, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Spreads and commissions are tied to what trading accounts you are holding with the ICG Markets platform. The Basic and Swap-free accounts offer a commission-free trading environment, accompanied by average spreads starting at 1.4 pips. The ECN account charges both spreads and commissions, with the minimum spreads starting at 0.9 pips.

Trading Platform

When it comes to trading platforms available, what ICG Markets offers is not the industry-leading MT4 or MT5 trading platform, a web trading terminal instead.

Payment Methods

ICG Markets allows its clients to make deposits and withdrawal through Bank Transfer, VISA, MasterCard, China Union Pay. The minimum deposit and withdrawal amount through Bank Transfer is $ 200, and it charges a fee of $25, withdrawal processing time up to 5 business days.

The minimum deposit through VISA and MasterCard is $100, and its deposit processing time is up to 2 business days, with a fee of 2% charged.

The minimum deposit and withdrawal through China Union Pay is $50, subject to a fee of 2% and it takes one business hour to process deposit and withdrawal.

payment-methods

Customer Support

For any questions or concerns they may have about their accounts or their trading can reach out to ICG Markets through the following methods:

Telephone: +447520640867

Email: queries@icgmarkets.com

Online Communication

A Contact Form

Registered Company Address: P.O. Box 1823, Stoney Ground, Kingstown, VC01 00, St. Vincent & the Grenadines

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with ICG Markets?

ICG Markets presents a significant risk profile. The broker operates without verified licenses from major financial regulators, meaning client funds are not protected by compensation schemes or segregated account requirements. Its low risk assessment score of 1.54 reflects this unregulated status.

04-02
United States

How can I contact ICG Markets?

Contact details for ICG Markets are not currently publicly disclosed in its corporate profile. The firm is registered in the United Kingdom and has been operating for 5-10 years.

04-02
United States

Is ICG Markets suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose ICG Markets or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with ICG Markets?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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