Broker Information
Industrial and Commercial Bank of China.
ICBC
No Regulation
Platform registered country and region
Hong Kong
95588
--
--
--
--
--
--
--
--
--
--
Company Summary
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
ICBCReview Summary | |
Founded | 1984 |
Registered Country/Region | China |
Regulation | No License |
Market Instruments | Precious Metals, Foreign Exchange, Crude Oil, Agricultural Products, Energy, etc. |
Demo Account | Unavailable |
Leverage | Not mentioned |
Spread | Not mentioned |
Trading Platform | Personal Mobile Banking, Personal Internet Banking, WeChat Banking |
Min Deposit | Variable (Dependent on the type of account and product) |
Customer Support | 24-hour Service Hotline in China: 9558824-hour VIP Service Hotline: 400-66-95588 |
SMS Banking: 95588 | |
Physical Address: No.55 FuXingMenNei Street, Xicheng District, Beijing, P.R.C |
Industrial and Commercial Bank of China Limited (ICBC) was established on January 1, 1984, and is one of the largest commercial banks in China.
It provides a wide range of financial products and services to global corporate and individual customers through distribution channels such as online banking, telephone banking, and self-service banking.
Pros | Cons |
Availability of diverse platforms | Lack of regulatory oversight |
Diverse range of tradable assets including precious metals, forex, and commodities | Deposit requirements not specified |
Multiple account types (Type I, Type II, Type III) | No information about leverage and spreads |
Multiple convenient methods for deposits and withdrawals | |
The ICBC was registered in 1984, but it does not have a foreign exchange trading license.
ICBC supports a broad range of financial products and services, including funds, bonds, foreign exchange, commodities, futures, and derivatives. The bank is heavily involved in asset management, investment banking, and brokerage services.
Tradable Instruments | Supported |
Stocks | ❌ |
Forex | ✔ |
Funds | ✔ |
Bonds | ✔ |
Options | ❌ |
Futures | ✔ |
Derivatives | ✔ |
Structured Products | ❌ |
CFDS | ❌ |
Cryptocurrencies | ❌ |
Precious metals & Commodities | ✔ |
Indices | ❌ |
The account types of Industrial and Commercial Bank of China mainly include Type I accounts, Type II accounts, and Type III accounts.
Type I account is a fully functional bank account that has functions such as deposit, purchase of wealth management products, transfer, consumption, payment, and withdrawal of cash. Type I account is suitable for use as a salary account or personal wealth account, mainly for various application scenarios.
Type II account is a wealth management account, which can be used for investment and wealth management, consumption, and public utility payments after transferring funds.
Type III account is mainly a “wallet” account, which is mainly used to bind small payments such as quick payment, online consumption, and payment.
Account Type | Opening Method | Services Offered | Limits |
Type I | Counter application; On-site verification | Full range: deposit, investment, fund transfer, etc. | None specified |
Type II | Virtual teller machine; Intelligent teller machine; Internet banking, mobile banking | Limited services; capped fund transfer, payments, and cash transactions | Daily payment ceiling: RMB 10,000 |
Type III | Internet banking, mobile banking, electronic channels | Limited services; payments within set amounts | Balance limit: RMB 1,000 |
Commission fee is applied at a rate of 0.08 percent of turnover for the Deferred Settlement. This comprises 0.02 percent for gold exchange commissions and 0.06 percent for the use of banking terminals.
ICBC offers a range of digital platforms, each designed to provide customers with convenient and comprehensive financial services.
Trading Platform | Supported | Available Devices | Suitable for |
Personal Mobile Banking | ✔ | Mobile | Beginners and Experts |
Personal Internet Banking | ✔ | Web | Beginners and Experts |
WeChat Banking | ✔ | Mobile | Beginners and Experts |
Cash payments, Debit cards, Credit cards and Online banking are available for deposit and withdrawal.
Additionally, cheques serve as a payment method at ICBC branches, with no fees attached, although customers are advised to allow sufficient time for cheque clearance before bill due dates.
Industrial and Commercial Bank of China.
ICBC
No Regulation
Platform registered country and region
Hong Kong
95588
--
--
--
--
--
--
--
--
--
--
Company Summary
No comment yet
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now