Reported as a scam / unregulated
Why ICM Brokers is on the register
ICM Brokers claims to be a reliable broker while presenting no details of its regulation on the website. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their licenses and certificates in a prominent place. Besides, ICM Brokers shows its office address is in St. Vincent and the Grenadines. However, we did not find any match results to ICM Brokers in St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue licenses for forex trading nor regulate any forex activities. The truth is, ICM Brokers is not regulated by any regulators. That means investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.