ICM Capital Minimum Deposit Revealed ☑️ (Updated 2024)

ICM Capital deposit amount required in order to open a broker account is $200 / R2715 ZAR. ICM Capital is very good when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.

ICM Capital at a Glance

📍Choose your quick section of our ICM Capital Minimum Deposit below.

ICM Capital Minimum deposit – 9 key points quick overview:

1. ICM Capital at a Glance
2. ICM Capital Minimum deposit – 9 key points quick overview:
3. ICM Capital Minimum Deposit
4. ICM Capital Deposit fees and deposit methods
5. Step by step guide to ICM Capital deposit the minimum amount
6. ICM Capital Customer Reviews
7. ICM Capital Pros and Cons
8. Conclusion
9. Frequently Asked Questions

📍 Here is our overview of the ICM Capital Minimum deposit as well as the pros and cons as well as features that are offered to traders.

ICM Capital Minimum Deposit

ICM Capital charges a minimum deposit amount of 200 USD (2 715 ZAR).

The minimum deposit amount in USD/ZAR is as per the current exchange rate between the US Dollar and South African rand at the time of writing.

ICM Capital is known for providing comprehensive trading solutions and services to both retail and institutional traders from around the world. As a security measure, ICM Capital ensures client fund security by keeping client deposits in segregated accounts, separate from the broker account.

ICM Capital Deposit fees and deposit methods

ICM Capital offers traders a variety of ways through which they can make the minimum deposit, including:

💳 ICM Prepaid MasterCard

💳 Bank Wire

💳 Credit/Debit Cards

💳 Skrill/Moneybookers

💳 Neteller

💳 PayPal

The deposit fees that traders can expect are as follows:

💳 Skrill/Moneybookers – 0.32 USD (4.35 ZAR) and a country surcharge fee of 1%.

💳 Neteller – 2.5% with a minimum of 1 USD (13.60 ZAR).

💳 PayPal – 3.75% processing fee along with a fixed fee of 0.20 USD (2.70 ZAR) or currency equivalent in EUR or GBP.

💳 Credit/Debit Card – 3.36% with USD, 4.25% with EUR, and 4.61% with GBP.

💳 China UnionPay – fee of 1.50%

💳 ICM Prepaid Card – fee of 1.75%

When making deposits, traders can use either of these deposit currencies:

💰 USD

💰 EUR

💰 GBP

Traders must also note that international transfers can be subjected to a fee charged by either the bank of the trader or that of ICM Capital. Charges will be taken from the transfer amount and therefore, ICM Capital will only credit the trading account with the funds received.

Transfer fees for deposits of 500 USD (6 790 ZAR) will be covered through intermediary and beneficiary banks. ICM Capital cannot be held accountable for bank charges charged by either the sending or the corresponding bank.

In addition, traders must note that deposits can take between a business day and up to several business days depending on the payment method used. ICM Capital cannot be held liable for any delays in payment processing and traders must refer to their banking institution if delays occur.

Step-by-step guide to ICM Capital deposit the minimum amount

To deposit the minimum amount, traders must ensure that their live trading account has been approved and that they have access to the full suite of features.

Step 1 – Log in

Traders can log into their account on the ICM Capital website and navigate to the option to make a deposit.

Traders will be prompted to provide their preferred payment method followed by the amount that they wish to deposit.

Step 2 –Choose Deposit Currencies

Traders must also choose between the various deposit currencies and follow any additional steps to confirm the deposit.

ICM Capital Customer Reviews

I had issues with my skrill and that…

I had issues with my skrill and that caused some delays of about a week in my withdrawal processing but as soon as skrill sorted out my account the money landed.

Processes went smoothly

Just want to say that I was recommended by a friend to trade with ICMCAPITAL and so far after 3 months all deposits and withdrawals have gone smoothly and hoping to continue trading with them.

The company is so trusted

The company is so trusted, and the company’s employees were super professional and helpful.
ICM has a low spread, no commission, and nice offers.

ICM Capital Pros and Cons

Conclusion

ICM Capital deposit amount required in order to open a broker account is $200 / R2 715. ICM Capital is very good when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.

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Frequently Asked Questions

Are my deposits safe with ICM Capital?

As the regulatory status of a broker is key to its trustworthiness, ICM Capital is focused on compliance with the law

How do I make a deposit and withdrawal with ICM Capital?

• ICM Prepaid MasterCard
• Bank Wire
• Credit/Debit Cards
• Skrill/Moneybookers
• Neteller
• PayPal

Does ICM Capital charge withdrawal fees?

Yes, ICM Capital charges withdrawal fees as follows:

• Bank Transfer – 15 GBP (288 ZAR)
• Skrill/Moneybookers – 1% with a minimum of 0.49 USD (9.40 ZAR) and a maximum of 10 USD (192 ZAR)
• PayPal – 2%
• China UnionPay – 5 USD (96 ZAR)
• ICM Prepaid Card – 1.95 USD (37.50 ZAR)

How long does it take to make a withdrawal?

This will depend on the payment method that the trader uses along with the internal processes of each institution.

Will I receive a bonus if I refer a friend or family to ICM Capital?

ICM Capital does not currently offer referral bonuses to new traders.

Featured SA Shares Writer and Forex Analyst.