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Interactive Brokers vs ICM Capital 2019

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Is ICM Capital better than Interactive Brokers? After grading forex brokers on nearly 100 different variables, Interactive Brokers is better than ICM Capital. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Interactive Brokers ICM Capital
Overall 4 3.5
Interactive Brokers Review ICM Capital Review
63.5% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Interactive Brokers ICM Capital
Trust Score 91 60
Year Founded
1977 2009
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
5 0
Tier-2 Licenses
0 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Interactive Brokers ICM Capital
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses

Feature Interactive Brokers ICM Capital
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature Interactive Brokers ICM Capital
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature Interactive Brokers ICM Capital
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
115 32
CFDs - Total Offered
6100 36
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4.5 3
Winner check_circle

Cost

Feature Interactive Brokers ICM Capital
Average Spread EUR/USD - Standard
N/A 1.3 (as of May 19)
All-in Cost EUR/USD - Active
N/A 0.9 (as of May 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature Interactive Brokers ICM Capital
Minimum Initial Deposit
$0 $200.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No
UnionPay (Deposit/Withdraw)
No No

Trading Platforms

Feature Interactive Brokers ICM Capital
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
No No
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No No
cTrader
No Yes

Trading Tools

Feature Interactive Brokers ICM Capital
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
300 7
Charting - Indicators / Studies (Total)
121 51
Charting - Drawing Tools (Total)
9 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3
Winner check_circle

Mobile Trading

Feature Interactive Brokers ICM Capital
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes No
Trading - CFDs
Yes No
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
68 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
No No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature Interactive Brokers ICM Capital
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Trading / Copy-Trading
No Yes
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3.5 3
Winner check_circle

Education

Feature Interactive Brokers ICM Capital
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
No No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes No
Education 4 1.5
Winner check_circle

Major Forex Pairs

Feature Interactive Brokers ICM Capital
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature Interactive Brokers ICM Capital
Interactive Brokers Review ICM Capital Review
Overall 4 3.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare ICM Capital vs Interactive Brokers.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Interactive Brokers received a rating of 4.00 stars over ICM Capital's 3.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. ICM Capital alongside Interactive Brokers are regulated in a major hub. Interactive Brokers is a publicly traded company, while ICM Capital is not. How many currency pairs are available to trade? Interactive Brokers offers its clients access to 115 different currency pairs while ICM Capital has 32 available pairs, a difference of 83.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ICM Capital offers Meta Trader while Interactive Brokers does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. ICM Capital boasts an offering of 31 charting tools compared to Interactive Brokers's 9 available charting tools. ICM Capital trails Interactive Brokers by 70 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and ICM Capital offering 51.

ICM Capital Review
Interactive Brokers Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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