Global ICM claims to be a professional broker. We are ready to challenge this assertion because, in fact, we see signs of a professional scam in it. Read our review to determine for yourself who is right in this standoff.
- Global ICM General Information
- Registration and Client Portal Review
- Global ICM Trading Conditions
- Account Types Review
- Trading Platform
- Global ICM — Deposit and Withdrawal of Funds
- Additional Options
- Is Global ICM a Scam?
- Legal Information and License
- Global-icm.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Global ICM General Information
|Address||Rue de Lyon 77, 1203 Genève, Switzerland|
|Leverage||Up to 1:500|
Registration and Client Portal Review
Global ICM provides a website that, at first glance, seems quite ordinary and unremarkable. The homepage greets visitors with a standard set of features: descriptions of various account types, extensive self-promotion, and a noticeable absence of comprehensive legal information.
To be frank, this website doesn’t stand out as unique or memorable. It leaves the impression of being a template-based design, lacking the creative and engaging elements that might make it more appealing to potential users.
One other point to note is that the website is available only in English, which could limit its accessibility to a broader audience who prefer or require content in other languages. This, of course, may impact the overall user experience.
Registration on the Global ICM website is relatively straightforward. You’ll need to complete a form with your personal details and contact information. If you have one, you can use a promo code during the process. What’s interesting is that at this stage, you aren’t prompted to create a password. It raises the question of how you’ll access your personal account in the future. Will the broker send it to you? This approach seems rather questionable and raises concerns about the security and user-friendliness of the platform.
The Client Portal on the Global ICM platform doesn’t offer much to traders. In fact, traders are required to undergo full verification before they can access anything. Until that’s completed, they’re greeted with a black screen displaying an error and a limited set of features. The available functions in the personal cabinet are quite standard, and users can perform actions like funding their accounts, viewing their transaction history, and contacting support.
Global ICM Trading Conditions
As we mentioned earlier, Global ICM claims to be a professional broker. We’re here to determine the truth behind these assertions.
Account Types Review
Global ICM offers a range of account types, starting with the Bronze account and progressing to Silver, Gold, Platinum, and VIP accounts. The minimum deposit required to start trading is $250. As the account level increases, so does the available leverage. Unfortunately, specific information about spreads and commissions is conspicuously absent from their provided details.
Global ICM appears to put significant emphasis on the descriptions of additional services. They promise more services as your account level rises, with premium account holders being offered access to premium webinars, private events, and even some form of a one-year business plan.
However, when we scrutinize these offerings, it’s hard to find anything truly exceptional or worth justifying a substantial deposit of $100,000. The absence of specific information on spreads and commissions, coupled with the promotional nature of these services.
Global ICM provides multiple trading options, including a desktop application, a web terminal, and a mobile app. However, it’s important to note that these options come with several caveats that raise doubts about their reliability.
Firstly, to access the web version, you must complete the full verification process. That means you won’t be able to explore the web terminal until after your personal information is submitted and verified.
Secondly, the downloadable application and desktop version can only be obtained from the official website. The absence of these options in app stores suggests they might not be licensed or officially recognized. As a result, there is uncertainty about the safety of these software options and whether they may pose any potential harm to your computer.
Global ICM — Deposit and Withdrawal of Funds
In the footer of Global ICM’s website, prominently displayed are logos of major credit and debit cards, including well-known names such as Visa and MasterCard. Within the “Deposit” section, Global ICM claims you can conveniently fund your trading account using a variety of methods, encompassing bank transfers and even alternative third-party systems. However, it’s important to note that this method may involve coordination with the Global ICM support team.
Regarding withdrawals, the broker assures that it will promptly process withdrawal requests, typically within one business day. The actual time it takes for the funds to appear in your trading account varies depending on the specific payment system you’ve chosen.
Naturally, Global ICM necessitates a verification process. Otherwise, you’ll find yourself severely limited in what you can do on their platform. Let’s delve into the specifics of the procedure.
- Initially, you’ll need to provide essential personal data, including your full name, date of birth, and contact information.
- To verify your identity, you must submit a clear copy of your government-issued ID, such as a passport or driver’s license. This step ensures that you are who you claim to be.
- Additionally, you’ll need to provide a recent utility bill or bank statement with your name and address.
- For added security, Global ICM may request proof of your payment method, such as a scan of your credit card. This helps ensure the funds you deposit come from a legitimate source.
Upon successful completion of these steps, you should gain full access to your account’s features.
We’ve highlighted some additional features in the previous sections. To be honest, these offerings don’t seem particularly appealing to us. It’s quite challenging to make sense of these so-called fantastic webinars and private events. Details like who the speakers are and basic information about the company’s leadership remain elusive, as the entire Global ICM team chooses to remain in the shadows.
Furthermore, apart from traditional trading, the broker presents opportunities for extra earnings through its affiliate program. You have the potential to earn up to $1,000 for each referral you introduce to the platform.
Is Global ICM a Scam?
Now, let’s delve into the most critical aspect of any broker’s profile, which is the jurisdiction of its operation. Let’s find out what Global ICM has to offer its clients in this regard.
Legal Information and License
Global ICM claims to work under the jurisdiction of the European Economic Area. Nevertheless, it’s crucial to emphasize that no respected European financial authority permits retail clients to have access to the kind of substantial leverage Global ICM is promoting. Furthermore, the company supplies a Swiss office address. Verifying the existence of any entity within Switzerland is relatively simple through the Swiss FINMA register or the general register of legal entities in the country. Unfortunately, Global ICM doesn’t appear in either of these registers. This raises red flags, indicating that the broker is operating in violation of legal norms and is not officially registered.
Global-icm.com Domain Info
Our doubts about Global ICM being a potential fraudulent operation were further substantiated when we investigated the duration of its operation. The official website’s domain was only registered with the company as recently as July 2023. This prompts significant skepticism regarding its claim of being a professional broker because, with such a limited operational history, it’s challenging to establish a credible reputation or track record in the financial industry.
The broker has indeed provided comprehensive contact information, including a phone number, email, and even an address. However, as we have previously uncovered, there is no actual company registered under the name Global ICM at that address. This raises further concerns about the legitimacy of this broker’s claims and operations.
The most crucial aspect we wanted to draw your attention to regarding this broker is the positive reviews you may come across about them. Take a close look at these reviews. Do they provide any specific information? Do they mention the company’s jurisdiction of registration or license numbers? The answer is no, and once again, no. These praises are nothing but empty words, part of the advertising Global ICM invests in for its promotion. Therefore, we strongly recommend conducting your own independent investigation before considering any involvement with the broker.
Pros and Cons
- Range of account types.
- Lack of regulation.
- High leverage.
- Lack of specific information.
- Dubious platform.
Frequently Asked Questions (FAQ)
Global ICM offers trading services through various account types, including Bronze, Silver, Gold, Platinum, and VIP. These accounts provide access to trading on their platform.
The minimum deposit required to start trading with Global ICM is $250, as per their trading conditions.
No, Global ICM does not appear to be a safe option for trading. Despite its efforts to present itself as a registered and legitimate entity, our investigation raises serious doubts about its credibility. We have not found any evidence of proper registration or licensing, which is a critical concern for any broker.