ICICI Bank Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-23 18:48

Abstract：ICICI Bank, a licensed and regulated institution, offers stocks, forex, and securities investments. With strong security, it safeguards funds and provides tailored accounts to help investors optimize portfolios in global markets.

ICICI Bank Review Summary
Founded	1996
Registered Country/Region	India
Regulation	Not regulated
Market Instruments	Stocks, ETFs, Mutual Funds (SIP), Bonds, IPOs, National Pension System, Sovereign Gold Bonds
Demo Account	❌
Trading Platform	Mobile Banking, Net Banking, WhatsApp Banking
Min Deposit	Not mentioned
Customer Support	Phone: 1800 1080
	Email: Via official helpdesk/contact forms
	Address: ICICI Bank Tower, Vadodara & Corporate HQ, Mumbai

ICICI 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 Cons

Pros	Cons
Wide range of banking and investment services	Not regulated
User-friendly digital banking platforms	No advanced trading tools like MT4/MT5
Three-in-one accounts with several benefits included	No demo or Islamic accounts offered

Is 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 Instruments	Supported
Forex	❌
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 Type	Key Features	Suitable for
3-in-1 Account (Savings + Demat + Trading)	Combines savings, demat, and trading features for seamless investment access	Individual investors, long-term savers
3-in-1 Account (Salary + Demat + Trading)	Salary integration, credit card offers, discounts on loans/forex, digital banking	Working professionals, convenience-focused users

ICICI 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 Platform

Trading Platform	Supported	Available Devices	Suitable for What Kind of Traders
Mobile Banking	✔	iOS, Android	Retail traders who prefer trading on the go
Net Banking	✔	Desktop, Web Browser	Investors managing finances via web interface
WhatsApp Banking	✔	WhatsApp-enabled devices	Users seeking simple, conversational banking tools
MetaTrader / cTrader	❌	–	Not supported

Deposit and Withdrawal

　　ICICI Bank offers multiple deposit and withdrawal methods including UPI, bank transfers (IMPS/NEFT/RTGS), iMobile app, and ATMs.

Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer (IMPS/NEFT/RTGS)	Not mentioned	Varies by method	Instant to 1 working day
UPI Transfer	Not mentioned	Usually free	Instant
iMobile App Transfer	Not mentioned	Usually free	Instant
E-wallet	Not mentioned	May apply	Instant
Cash Deposit at Branch/ATM	Not mentioned	May apply	Instant to few hours

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Bank Transfer (NEFT/RTGS/IMPS)	Not mentioned	Varies by method	Instant to 1 working day
ATM Withdrawal	Depends on card type	Possible fee after limit	Instant
iMobile / Net Banking Transfer	Not mentioned	Usually free	Instant