Tradeview vs ICM Brokers
Tradeview | ICM Brokers |
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2.5
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1.5
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Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader. |
ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online. |
Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
Bonus Offer | |
Promotional Offer vary. Contact Tradeview for details | |
Comment by Reviewer | |
"After exploring the broker, I think Tradeview is a good choice for experienced traders looking for a no-frills brokerage service with rapid ECN execution, tight spreads and feature-rich software. Conversely, with the lack of top-tier regulation and educational materials, beginners may want to look elsewhere." | "ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit." |
Pros | |
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Cons | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies | Forex, equity CFDs, precious metals, energies, futures |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $250 |
Trading Platforms | |
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Payment Methods | |
Credit / Debit Car, Neteller, Skrill, Cryptocurrencies, Bank Wire, Bitpay, Accentpay, Payretailers, Sticpay, Fasapay, Advcash, TransferMate, Bitwallet, Uphold and JPay | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
CIMA, MFSA | VFSC |
Margin Trading | |
No | No |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
Yes | Yes |
Auto Trading | |
Yes | Yes |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Choose between manual and automated copy trading at with a range of leading market signals. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | No |
Commodities | |
CFD Trading | |
My tests uncovered around 100 CFD products covering forex, indices, commodities and cryptos. Leverage is available up to 1:400 and it’s good to see that scalping, hedging and EA strategies are permitted. | CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing. |
Leverage | |
1:400 (CIMA), 1:30 (MFSA) | 1:400 (Retail), 1:100 (Pro) |
FTSE Spread | |
N/A | 3.5 |
GBPUSD Spread | |
0.6 | 3 |
Oil Spread | |
0.5 | Floating |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
I’m happy with Tradeview’s strong range of 60+ currency pairs spanning majors, minors and exotics with competitive spreads from 0 pips in the $1000 ILC account. Traders can choose from several platforms, but I was particularly impressed with the feature-rich Currenex platform which is designed specifically for currency trading. | Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers. |
GBPUSD Spread | |
0.6 | 3 |
EURUSD Spread | |
0.2 | 2 |
EURGBP Spread | |
0.7 | 3 |
Assets | |
60 | 20+ |
Cryptocurrency | |
I found 5 crypto products at Tradeview: BTCUSD, ETHUSD, LTCUSD, XRPUSD and BTCJPY. Whilst this isn’t the widest range, beginners should have enough opportunities to explore the market. Plus, with STP/ECN execution, traders should be able to access relatively competitive prices. | Crypto trading not offered |
Spread | |
From $0.09 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
More Comparisons | |
Tradeview vs |
ICM Brokers vs |