ICAP Forex Broker

ICAP Review SummaryFounded1999Registered Country/RegionUnited KingdomRegulationFFS (regulated); FCA (suspicious clone)Services Intermediary services in wholesale finance, energy, commidties marketsTrading PlatformFusion, iSwapCustomer SupportRegistered address: 22 Grenville Street, St Helier, Jersey, JE4 8PX;Tel: +44 (0)20 7200 7000/ +44 (0)20 7200 7176Americas Headquarters: 200 Vesey Street, New York, USA, NY 10281Contact info for other branches: https://tpicap.com/tpicap/contact-usICAP Information ICAP was registered in the United Kingdom and has headquarters in the United States. As an intermediary service provider for wholesale financial, energy and commodities markets, the comopany now operates in 22 countries from 33 locations, which cover Asia, EMEA, and the Americas. Traders can trade on its proprietary Fusion platform, or the electronic iSwap. The good thing is that the company is regulated by FFS, which means its financial activities are watched by this authority body, guaranteeing a certain level of customer protection if there are disputes. However, the company holds an FCA license, which is suspected to be fake clone.Pros and ConsPros Cons FFS regulatedLimited info on trading conditionsMultiple services providedSuspicious clone FCA licenseLong operation timeNo MT4 or MT5No handling fees for deposit and withdrawalIs ICAP Legit? ICAP is currently being well regulated by FFS (Financial Supervisory Service). Nevertheless, the FCA (Financial Conduct Authority) license the company claims to hold is suspected to be fake clone, with regulated entity names at “The Link Asset and Securities Company Limited”, which should raise your great attention for full investgation before commiting actual trading.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.FFSRegulatedICAP Foreign Exchange Brokerage LimitedFinancial ServiceUnreleasedFCASuspicious cloneThe Link Asset and Securities Company LimitedInvestment Advisory License186764What Can I Trade on ICAP? Acts as a broker between financial institutions (banks, corporates, funds, central banks, etc.) to facilitate large and complex transactions, ICAP offers products and services in:Rates: Government bonds, swaps, repo, options, and moreFX & Emerging Markets: Spot, forwards, NDFs, FX optionsCredit: Corporate/government bonds, credit derivatives, MBSMoney Markets: Deposits, CP, CDs, T-Bills, FRNsEquities: Cash equities, ETFs, ADRs, equity derivativesStructured Finance: Custom and complex instrumentsEnergy & Commodities: Synthetic strategies in USTs and futuresTrading Platform ICAP offers its own flagship trading platform Fusion, a multi-asset trading platform supporting price entry, execution, and straight-through processing. And it is integrated with voice broking for price discovery as well. In addition, the company also provides iSWAP, a hybrid electronic trading platform for Interest Rate Swaps in EUR, GBP, and USD, enabling deep liquidity and advanced execution through Dealer-to-Dealer and Dealer-to-Client markets.Deposit and Withdrawal Like many futures companies, ICAP accepts payment through Bank-Futures Fund Transfer with no handling fees.