ICAP
Basic Information
Pros and Cons
Pros
- No deposit fees
- Instant processing for credit cards and e-wallets
- Minimum deposit as low as $5
- Variety of deposit methods available
Cons
- No cryptocurrency deposits accepted
- Withdrawal processing times may take several days
- Potential verification delays for large withdrawals
- Limitations on withdrawal amounts may apply
ICAP Minimum Deposit
What Is Minimum Deposit of ICAP?
ICAP’s minimum deposit is the smallest amount required to open and activate a live trading account. This figure can differ based on the account type, such as standard, ECN, or Islamic accounts, as well as local regulations. Generally, the minimum deposit may range from $5 to $100, with variations for beginners compared to professional traders, who might face different thresholds.
Does ICAP Provide Deposit Bonus?
ICAP does not explicitly advertise deposit bonuses. However, such bonuses may be available periodically and could depend on the account type, region, or promotional events. Common forms include percentage matches on initial deposits, often tied to specific trading volume requirements and withdrawal limits. It’s advisable to check the official promotions page or contact support for current offerings.
Deposit and Withdrawal Methods
ICAP Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR | Free | 1–3 business days |
| Credit Card | USD, EUR | Free | Instant |
| E-Wallet | USD, EUR | Free | Instant |
Does ICAP Charge Deposit Fees?
ICAP does not charge deposit fees. All deposit methods are free of charge. This user-friendly policy makes it easier for traders to start their trading journey without worrying about extra costs.
Does ICAP Support Cryptos to Deposit?
ICAP does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. Traditional payment methods remain the primary option for funding accounts, ensuring a straightforward approach for users.
How to Deposit from ICAP?
1. Log into your ICAP trading account by entering your credentials on the platform’s homepage. Ensure that you have clicked on the ‘Login’ button to access your account dashboard.
2. Once logged in, navigate to the ‘Deposit’ section of your account. This option is typically found in the main menu or under the account management area.
3. Select your preferred deposit method from the available options, such as Bank Transfer, Credit Card, or E-Wallet. Each method will have specific details displayed for your selection.
4. Enter the amount you wish to deposit, making sure it meets the minimum deposit requirement of $5. Review the details to ensure accuracy before proceeding.
5. Confirm your deposit details, including the method and amount. You may be prompted to review any terms associated with the deposit process.
6. Complete the transaction by clicking on the ‘Submit’ or ‘Confirm’ button. You should receive a notification or confirmation message once the transaction has been successfully processed, and you can check your account balance afterward.
How to Withdraw from ICAP?
Withdrawal Steps
1. Log into your ICAP trading account by entering your credentials on the platform’s homepage. Ensure that you have clicked on the ‘Login’ button to access your account dashboard.
2. Once logged in, navigate to the ‘Withdraw’ section of your account. This option is typically found in the main menu or under the account management area.
3. Choose your preferred withdrawal method from the available options, such as Bank Transfer, Credit Card, or E-Wallet.
4. Enter the required details for your selected method, including account number, IBAN, wallet address, or card digits as necessary.
5. Set the withdrawal amount, noting any minimum or maximum limits that may apply.
6. Review your withdrawal request carefully and submit it for processing.
7. Await possible verification, especially for large sums, and track the status of your request to receive your funds (E-wallets: instant–24h; Bank Transfer: 1–5 days).
Withdrawal Limit and Problems
Withdrawal limits at ICAP can vary depending on the method used and the account tier. Users may encounter daily, monthly, or per-transaction limits that could affect their withdrawal requests. Common issues include pending verification for transactions, providing incorrect account details, exceeding set withdrawal limits, or delays due to maintenance. To avoid problems, it is recommended to complete your KYC process and double-check all recipient information before submitting a request. If issues arise, contacting ICAP’s support team can provide timely assistance.
Frequently Asked Questions
A1: ICAP’s minimum deposit is $5, which is the smallest amount required to open and activate a live trading account. This requirement may vary depending on the account type, such as standard, ECN, or Islamic accounts.
A2: ICAP supports several deposit methods including Bank Transfer, Credit Card, and E-Wallet. All deposit methods are free of charge, allowing users to fund their accounts without incurring additional costs.
A3: To withdraw funds, log into your ICAP account and navigate to the ‘Withdraw’ section. You can select your preferred withdrawal method (Bank Transfer, Credit Card, or E-Wallet), enter the required details, and submit your request. Processing times vary based on the method chosen.
A4: The Canonical Reference does not specify the availability of a demo account at ICAP. For accurate and up-to-date information, it is best to check the official website or contact ICAP’s support team directly.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.