In the fast-paced world of forex trading, choosing the right broker is crucial. Capital.com and ICM Capital are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between Capital.com and ICM Capital across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Capital.com and ICM Capital, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, Capital.com earned a higher trust rating than ICM Capital.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Capital.com has overall lower trading costs than ICM Capital.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Capital.com and ICM Capital offer copy trading.
A broader range of CFD instruments provides more trading opportunities. Capital.com offers a greater variety of instruments compared to ICM Capital:
For those interested in trading cryptocurrencies, Capital.com offers 20 cryptocurrencies, while ICM Capital offers 7 cryptocurrencies. Therefore, Capital.com is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that ICM Capital charges a withdrawal fee and Capital.com does not. Overall, Capital.com has better deposit and withdrawal processes than ICM Capital.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
Capital.com has better educational support than ICM Capital. Both Capital.com and ICM Capital offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that Capital.com offers better research analysis than ICM Capital and that both Capital.com and ICM Capital offer frequent webinars.
Please note that Forex.com does not accept clients from the Philippines. This review is for informational purposes only. Visit our Best Brokers page to find a broker to trade with.
With one of the lowest-cost trading environments in the industry and a large number of tradable assets, Capital.com provides a welcoming environment for both beginners and professional traders looking for a new MT4 broker.Â
A well-regulated broker, Capital.com offers trading on an extensive range of tradable instruments, including over 120 Forex pairs, over 2,700 share CFDs, 22 indices, 19 commodities, and 20 cryptocurrencies.
Although Capital.com only offers one trading account its trading costs are significantly lower than average, with spreads starting at 0.60 pips on the EUR/USD and no commission. Additionally, no fees are charged for deposits, withdrawals, or on inactive accounts. Unlike other brokers, Capital.com charges swap fees based only on the leverage provided rather than the trading position’s entire value. This is a welcome development in an industry where extra fees are charged on most transactions.Â
Trading is offered on MetaTrader 4 and Capital.com’s award-winning proprietary web platform, and customer service is available 24/7 to help with any technical queries. Notable is Capital.com’s world-class educational and market analysis section, providing exceptional value for beginner and experienced traders alike.
One drawback is the lack of technical and fundamental analysis tools on offer. Most other brokers offer tools like Autochartist, Trading Central, and free VPS services, to help traders make better trading decisions.
For more detailed reviews, please read our comprehensive assessments of Capital.com and ICM Capital.
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Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
---|---|---|---|---|---|---|---|
0.10 pips | USD 3 | USD 7 | |||||
0 pips | USD 0 | USD 10 | |||||
0.10 pips | USD 200 | USD 8 | |||||
0.70 pips | USD 10 | USD 17 | |||||
0 pips | AUD 0 | USD 4.50 | |||||
0.90 pips | USD 100 | USD 9 | |||||
0.60 pips | USD 5 | USD 6 | |||||
0 pips | USD 0 | USD 10 | |||||
0.70 pips | USD 5 | USD 7 | |||||
0 pips | USD 100 | USD 6 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.