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ICM Brokers
Regulators:
ICMBrokers is not a licensed and regulated broker even though it states offers that look good to be true. ICMBrokers claims it has registered office in Kingstown, St. Vincent and the Grenadines. However, we did not find any match results to ICMBrokers in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading nor regulate any forex activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated.
The truth is, ICMBrokers is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. We would recommend traders stay away from unregulated brokers like ICMBrokers and trade with licensed brokers.
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