ICM.com Seeks FCA License Cancellation

Fazzaco has learned that ICM.com, a British retail FX and CFD broker, has submitted a request to the Financial Conduct Authority (FCA) to cancel the license of its British subsidiary, ICM Capital Limited (reference no. 520965). The specific reasons for this request have not been disclosed.

​(Source: The Financial Conduct Authority)

According to the information retrieved from the FCA website, ICM Capital Limited has been in possession of an FCA license since November 8, 2010. However, on May 15, 2024, the company applied for the cancellation of its license.

Despite the application for license cancellation, the British regulator has emphasized that ICM Capital Limited is still required to adhere to FCA standards when dealing with customers.

ICM.com is subject to regulation in multiple countries/regions across the globe and holds licenses from regulatory authorities in the UK, UAE, Mauritius, Labuan, South Africa, Switzerland, and St. Vincent and the Grenadines.