Wikilix
ICAP logo

ICAP

Regulated
United Kingdom
,
Since 1999
Last Updated:
72/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

7 methods

Credit/Debit Cards (Visa, Mastercard)

credit card
Instant
Fee:
Free
Fee:
Free

Bank Wire Transfer

bank transfer
2 days
Fee:
Free
Fee:
Free

PayPal

e wallet
Instant
Fee:
Free
Fee:
Free

Skrill

e wallet
Instant
Fee:
Free
Fee:
Free

Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

Cryptocurrencies (Bitcoin)

crypto
Instant
Fee:
Free
Fee:
Free

POLi (Australia)

other
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 68%, 2: License 76%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
68%Good
License
76%Good
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:TP ICAP Group plc
Founded:1999
Headquarters:United Kingdom
Enterprise Offices:N/A

Customer Support

Phone:
+44 (0) 20 7200 7000
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about ICAP: its history, the licences it holds, its trading conditions and its fees.

Introduction & Summary

ICAP was once known as a large name in the trading industry where it operates as a trader broker and likely provides its clients access to multiple financial markets and investment instruments. There is little published or publicly available information about the particulars of ICAP’s operations or offering and in the financial services world, where reliability and transparency are very important, it appears from its existence that ICAP is committed to facilitating trading with its customers.

This article will explore the most up-to-date information on ICAP including but not limited to its history and ownership, how it meets regulatory requirements, trading conditions, fees and commissions and the overall customer experience. A thorough investigation of ICAP reveals very little research and statistics about ICAP, nevertheless, this overview provides an overall description based upon the available knowledge to paint an accurate description of the potential to provide services in the financial service sector.

History of ICAP

Limited information is available about the actual founding or full history of ICAP. The company appears to be a broker in the financial service industry and is involved in facilitating the conducting of business by trading securities and other financial instruments, thus making it difficult to provide an actual full chronology or timeline of how the company originated and has developed over the years, especially since there are few public records or disclosures available.

Nevertheless, the continued presence of ICAP in the trading industry suggests a certain level of viability as well as active participation within the marketplace by providing services to traders. Brokers like ICAP typically develop or create their services based upon demands from the marketplace and offer trading platforms and support tools to use when trading different types of assets.

Characteristics and What They Offer

Similar to the previously mentioned sections; a great deal of publicly available information is not available regarding the various products offered by ICAP, nor are the trading platforms accurately reported.Typically, brokers in this category provide access to numerous asset classes, including forex, commodities, indices, and potentially equities or cryptocurrencies.

ICAP provides trading platforms for both novice and experienced traders and have features such as real-time market data, charting tools, and order execution functionality. Their services are focused on providing efficient trade execution and access to the markets.

Regulatory oversight is a critical part of any financial service provider. Unfortunately, there is limited information about ICAP's regulatory licence, and the jurisdictions where they conduct business. The absence of transparent disclosures makes it hard to verify the broker's compliance with regulations or what protections are afforded to clients.

Clients considering ICAP should seek confirmation of their regulatory credentials from the broker directly, and check that the broker complies with applicable financial regulations in their markets.

Regulator

Licence No

Status

Limited Information Available

Trading Conditions & Platform Technology

ICAP does not seem to have shared their specific trading conditions with the public. Normally brokers in this space provide competitive pricing (spreads) and leverage options (used by different types of traders). Since we do not have these types of details available, we cannot ascertain these for ICAP.

Brokers typically offer popular third-party trading platforms such as MetaTrader 4 or MetaTrader 5 (MT4/MT5), or proprietary trading platforms usually accompanied with some advanced capabilities.At this time, it is not certain which specific trading platforms will be offered by ICAP.

These details include:

Spreads – There is limited information available on spreads.

Leverage – There is limited information available on leverage.

Minimum Deposit – There is limited information available on minimum deposits.

Trading Platforms – There is limited information available regarding what trading platform will be offered by ICAP.

ICAP has not publicly disclosed their fee structure including the fees charged for deposits, withdrawals and commissions. The absence of this information may raise concerns for potential customers who value having a clear fee structure. In general, a broker will charge either a fee on trades in the form of a commission, spreads or fees on deposits and withdrawals. Without access to these specific types of data, it is not possible to provide a breakdown of ICAP's specific fees.

Details of the types of fees charged by ICAP include:

Deposit Fees – There is little information available regarding the fees associated with making a deposit.

Withdrawal Fees – There is little information available regarding the fees associated with making a withdrawal.

Commissions – There is little information available regarding the commission fees charged for trading.

Because of the lack of publically available user reviews or feedback, it is impossible to accurately assess ICAP's reputation in the market. Often a trader will check with their peer traders, regulatory records and associated indicators of service quality to assess the reliability of any given broker and how well they provide customer service.

In light of this, anyone considering the use of ICAP is strongly encouraged to engage in their due diligence by contacting an ICAP representative and verifying the terms of service before trading.

There is no information available from public sources concerning any recent innovations or changes to ICAP's strategies. The lack of information may be due to ICAP being in a period of stable operation, or due to a lack of communicating publicly about recent operational events or any innovation.

Those interested in learning about any new developments or announcements related to ICAP should either check ICAP's website or contact them directly for the most up to date information.

ICAP is a trading broker that operates within the financial services industry. However, the availability of limited public information makes it difficult to provide a thorough evaluation of ICAP's services, regulatory standing and trading terms.

Before deciding whether or not to trade with ICAP, potential customers of ICAP should ensure that they have verified credentials and service details from ICAP directly before engaging in trading.

Even if ICAP offers some of the most important services that any trader would need to trade successfully, lack of transparency in terms of fees and services can result in services that don't build trust for its traders. Potential customers of ICAP should focus on brokers who have a history of properly complying with regulations and have well documented terms of service until more complete information about ICAP is made available to the public.

Regulation check

Regulatory Licenses

ICAP is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
2
Offshore
0

How far our check got

  • 2 not yet checked
  • FCATier 1United KingdomInvestment Advisory LicenseNo. 186764

    What the register says

    Licence number
    186764
    Type
    Investment Advisory License

    Client protection under this licence

    • Compensation schemeUp to £85000 (FSCS)
    • Client money kept separate
    • Negative balance protection
    • Complaints routeFinancial Ombudsman Service
    • Maximum leverage1:30

    These are the rules FCA sets for the firms it licenses. They are not a statement about how ICAP applies them, or about which of its companies would hold your account.

    About Financial Conduct Authority

    Onshore regulatorGovernment bodyCompensation: Up to £85000 (FSCS)Public registerTransparency: high
    Typical cost of this licence
    £100000+ (including compliance setup)
    Open the full licence record
  • FSSTier 2United KingdomFinancial Service

    What the register says

    Type
    Financial Service

    Client protection under this licence

    • No compensation schemeNo mandatory insurance (but strict fund segregation)
    • Complaints routeDisputes Mediation Committee
    • Maximum leverage1:25

    These are the rules FSS sets for the firms it licenses. They are not a statement about how ICAP applies them, or about which of its companies would hold your account.

    About Financial Supervisory Service

    Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high
    Typical cost of this licence
    USD 100000+
    Open the full licence record
Deposits & withdrawals

Funding Methods

7 ways to fund an account. 7 with no deposit fee. 6 credit instantly.

7 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Credit/Debit Cards (Visa, Mastercard)Credit Card1FreeFreeUSD 200USD 50Not recordedInstant
Bank Wire TransferBank Transfer
International bank wire transfers may take up to 14 days and incur additional intermediary and/or beneficiary fees. Available globally.
FreeFreeUSD 500USD 100Not recorded2 days
PayPalE-Wallet1FreeFreeUSD 50USD 50Not recordedInstant
SkrillE-Wallet1FreeFreeUSD 50USD 50Not recordedInstant
NetellerE-Wallet1FreeFreeUSD 50USD 50Not recordedInstant
Cryptocurrencies (Bitcoin)Cryptocurrency1FreeFreeUSD 100USD 100Not recordedInstant
POLi (Australia)Other
Withdrawals are processed back to the original deposit method. Available in Australia.
FreeFreeAUD 50AUD 50Not recordedInstant

Broker's notes on these methods

  1. Withdrawals are processed back to the original deposit method. Available in multiple regions. · applies to 5 methods
Fees, limits and processing times as published by ICAP, recorded by Wikilix.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.

Comments

Share your thoughts and experiences with ICAP