ICAP

Jezreel2

1-2年

What are the advantages and disadvantages of using ICAP?

WikiFX 回答

ICAP is regulated by FFS, which ensures some level of oversight. The broker offers a broad range of services, including FX, energy, and commodities markets, which could appeal to institutional traders. However, the key disadvantage is its unverified FCA license, which raises serious concerns. In my view, brokers with unverified regulatory statuses increase the risks for traders, especially when there’s no clear guarantee of investor protection. Additionally, ICAP does not offer popular retail platforms like MT4 or MT5, which may limit flexibility for some traders. I would approach ICAP with caution due to these factors.

Broker Issues

ICAP

Regulation

08-04

美国

Solotim

1-2年

Which trading platforms does ICAP offer?

WikiFX 回答

ICAP offers its proprietary Fusion platform and iSwap for trading. Fusion is a multi-asset platform designed for large-scale transactions, supporting price entry, execution, and straight-through processing. iSwap, on the other hand, focuses on Interest Rate Swaps in EUR, GBP, and USD, enabling advanced execution in these markets. Personally, while these platforms are well-suited for institutional clients, I prefer platforms like MT4 or MT5 for more flexibility and accessibility. If you're looking to trade FX on ICAP, you will need to familiarize yourself with these proprietary tools.

Broker Issues

ICAP

Account

Leverage

Instruments

Platform

07-20

美国

qirhost

1-2年

Does ICAP offer investor protection?

WikiFX 回答

ICAP’s FFS regulation does provide some investor protection, as the financial activities of the company are monitored. However, the unverified FCA license is a major concern, as it leaves traders uncertain about the level of protection offered within the UK. For me, having a fully verified and reputable regulatory license is essential for investor protection. Without this, I would recommend verifying ICAP’s regulatory status further or seeking brokers with verified and stronger protection measures in place.

Broker Issues

ICAP

Regulation

06-30

美国

Ashraf20

1-2年

What is the minimum deposit required by ICAP?

WikiFX 回答

ICAP does not explicitly state the minimum deposit requirement on its website. Given that ICAP primarily serves institutional clients and wholesale markets, the minimum deposit is likely to be higher than typical retail brokers. From my experience, brokers focusing on wholesale finance often have higher minimum deposits. If you're considering opening an ICAP account, I recommend reaching out to their customer support to get accurate information about the minimum deposit and other account-related requirements.

Broker Issues

ICAP

Deposit

Withdrawal

06-26

美国