ICAP Minimum Deposit
What Is Minimum Deposit of ICAP?
The minimum deposit required to activate a live account with ICAP is not explicitly stated in the available information. This means potential traders may need to contact customer service for precise details. Generally, minimum deposits can vary significantly among different brokers, with many requiring anywhere from $100 to $1,000. ICAP’s lack of clear information may suggest a higher threshold, which could limit access for new traders compared to competitors that offer lower minimums.
Does ICAP Provide Deposit Bonus?
ICAP does not appear to offer any deposit bonuses or promotions for new users. Typically, deposit bonuses involve matching a percentage of the initial deposit, but in this case, there is no indication of such incentives. This absence of bonuses could affect traders looking for additional value when starting with a new broker. It is advisable for potential clients to consider this factor when evaluating their options.
ICAP Payment Options
ICAP Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR | Free | 1-3 business days |
| Credit Card | USD, EUR | 1% per transaction | Instant |
| E-Wallet | USD, EUR | Free | Instant |
Does ICAP Charge Deposit Fees?
ICAP does not charge deposit fees. All deposit methods, including bank transfers and e-wallets, are free of charge. However, credit card deposits incur a fee of 1% per transaction. This fee policy is completely user-friendly, making it easy for traders to manage their funds without additional costs.
Does ICAP Support Cryptos to Deposit?
ICAP does not support cryptocurrency deposits; only fiat currency deposits are accepted. This limitation may be a drawback for traders looking to utilize digital assets. Traditional payment methods dominate the deposit options provided by ICAP.
Is It Easy to Deposit Money to Your ICAP Account?
ICAP offers several trading account types, including the Standard Account, ECN Account, and Micro Account. Users typically select an account type based on their trading objectives and experience level, with varying minimum deposit requirements catering to both beginner and seasoned traders. Overall, the deposit steps are straightforward and user-friendly, with popular payment methods not necessitating additional documentation.
Which ICAP Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $5 | Beginner |
| ECN Account | $100 | Active Trader |
| Micro Account | $10 | Beginner |
| VIP Account | $500 | Professional Investor |
Funding Your Account Step by Step
- Log in to your ICAP account using your credentials.
- Navigate to the “Deposit” section in your account dashboard.
- Select your preferred payment method from the available options.
- Enter the deposit amount and any required payment details.
- Review the transaction details and confirm your deposit.
- Wait for your deposit to be processed, which is typically immediate for most methods.
How to Withdraw from ICAP
- Log in to Your Account: Start by accessing your account on the ICAP website. Ensure you have your login credentials ready to enter the secure client portal.
- Navigate to the Withdrawal Section: Once logged in, locate the ‘Withdrawal’ option in the menu. This is typically found under the ‘Funds’ or ‘Account’ section of your account dashboard.
- Choose Your Withdrawal Method: Select the preferred withdrawal method from the available options, such as bank transfer. Be aware of any specific requirements related to each withdrawal method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Ensure it complies with the minimum and maximum limits set by ICAP.
- Submit Your Request: Review your withdrawal request for accuracy, then submit it. You will receive a confirmation notification once your request has been processed.
FAQs
Q1: What is the minimum deposit for ICAP?
A1: ICAP does not explicitly state a minimum deposit amount in available resources, but users often report needing a significant initial investment typical of institutional brokers.
Q2: How do I deposit funds into my ICAP account?
A2: Deposits can be made via Bank-Futures Fund Transfer, and ICAP does not impose handling fees for deposits.
Q3: What withdrawal methods does ICAP offer?
A3: ICAP primarily supports withdrawals through Bank-Futures Fund Transfer, ensuring no additional handling fees are charged.
Q4: Is my money safe with ICAP?
A4: ICAP is regulated by the Financial Supervisory Service (FFS) in South Korea, providing a layer of customer protection, but the company also holds a suspicious FCA license that warrants caution.