ICICI Bank Forex Broker

ICICI Bank Review SummaryFounded1996Registered Country/RegionIndiaRegulationNot regulatedMarket InstrumentsStocks, ETFs, Mutual Funds (SIP), Bonds, IPOs, National Pension System, Sovereign Gold BondsDemo Account❌Trading PlatformMobile Banking, Net Banking, WhatsApp BankingMin DepositNot mentionedCustomer SupportPhone: 1800 1080Email: Via official helpdesk/contact formsAddress: ICICI Bank Tower, Vadodara & Corporate HQ, MumbaiICICI Bank Information ICICI Bank is a Indian financial services company that provides integrated banking and investing products such as 3-in-1 accounts for savings, demat and trading. While it offers a diverse selection of financial goods and platforms, it lacks features like leverage, demo accounts, and regulatory control like a trading brokerage.Pros and ConsProsConsWide range of banking and investment servicesNot regulatedUser-friendly digital banking platformsNo advanced trading tools like MT4/MT5Three-in-one accounts with several benefits includedNo demo or Islamic accounts offeredIs ICICI Bank Legit? Registered in India, ICICI Bank lacks regulatory licensing as a forex or CFD broker. International financial authorities such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus), which are regarded as standard for globally recognized trading platforms, do not supervise it. WHOIS records show the domain icicibank.com was registered July 16, 1996 and now active with “client transfer prohibited” status, suggesting defense against illegal domain modifications. Last updated August 4, 2021, the domain is scheduled to expire July 15, 2026.What Can I Trade on ICICI Bank? Especially for Indian retail consumers, CICI Bank provides a range of investment and financial products. Although not a conventional trading platform for worldwide financial assets, it does provide stock-related accounts, NPS, IPOs, bonds, mutual fund investments, and Demat services.Tradable InstrumentsSupportedForex❌Commodities❌Crypto❌CFDs❌Indexes❌Stocks✅ETFs✅Mutual Funds (SIP)✅Bonds✅IPOs✅National Pension System✅Sovereign Gold Bonds✅Account Types ICICI Bank offers two main accounts for distinct uses. The 3-in-1 Account (Savings + Demat + Trading) is for individual investors who want seamless savings and investing. The 3-in-1 Account (Salary + Demat + Trading) gives salaried professionals superior loan and exchange rates and exclusive credit card offers. However, ICICI Bank does not offer demo or Islamic (swap-free) accounts.Account TypeKey FeaturesSuitable for3-in-1 Account (Savings + Demat + Trading)Combines savings, demat, and trading features for seamless investment accessIndividual investors, long-term savers3-in-1 Account (Salary + Demat + Trading)Salary integration, credit card offers, discounts on loans/forex, digital bankingWorking professionals, convenience-focused usersICICI Bank Fees ICICI Bank categorizes its fees and service charges into several sections including Savings Accounts, Salary Accounts, Loans, Cards, Demat services, and Fee-Based Services. Each section contains specific fee structures related to that account type or service. For example, under Wealth Management & Private Banking, cash transactions at the home branch (including Cash Recycler Machines) incur a fee of ₹150 per transaction after the first five free cash transactions each month.Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for What Kind of TradersMobile Banking✔iOS, AndroidRetail traders who prefer trading on the goNet Banking✔Desktop, Web BrowserInvestors managing finances via web interfaceWhatsApp Banking✔WhatsApp-enabled devicesUsers seeking simple, conversational banking toolsMetaTrader / cTrader❌–Not supportedDeposit and Withdrawal ICICI Bank offers multiple deposit and withdrawal methods including UPI, bank transfers (IMPS/NEFT/RTGS), iMobile app, and ATMs.Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeBank Transfer (IMPS/NEFT/RTGS)Not mentionedVaries by methodInstant to 1 working dayUPI TransferNot mentionedUsually freeInstantiMobile App TransferNot mentionedUsually freeInstantE-walletNot mentionedMay applyInstantCash Deposit at Branch/ATMNot mentionedMay applyInstant to few hoursWithdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeBank Transfer (NEFT/RTGS/IMPS)Not mentionedVaries by methodInstant to 1 working dayATM WithdrawalDepends on card typePossible fee after limitInstantiMobile / Net Banking TransferNot mentionedUsually freeInstant