ICM Capital Review 2026
Full ICM Capital review for Philippines traders — regulation, spreads, fees and our honest verdict.
Regulation in Philippines
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD081 |
| Regulated Entity | ICM Capital (Seychelles) Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 250+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD20/month after 3 months |
Verdict
Regulated by FSA (licence SD081). Minimum deposit $200. In Philippines: maximum forex leverage 1:500.
About ICM Capital
ICM Capital was founded in 2009 and is headquartered in London, UK. The broker offers 250 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by ICM Capital (Seychelles) Ltd under FSA.
In Philippines, ICM Capital operates as ICM Capital (Seychelles) Ltd, authorised by FSA under licence number SD081. Philippines traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD081
- 250+ instruments to trade
- Negative balance protection in Philippines
- Platforms: MT4, MT5
Cons
- Inactivity fee: USD20/month after 3 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is ICM Capital regulated?
ICM Capital holds FSA licence SD081, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for ICM Capital in Philippines?
The minimum deposit is $200. This is the amount required to open a live trading account for traders in Philippines under FSA regulation.
What leverage does ICM Capital offer in Philippines?
In Philippines, ICM Capital offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is ICM Capital safe to trade with?
ICM Capital is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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