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ICICI Bank -

Score

1.50 /10
Danger

ICICI Bank

India

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

https://www.icicibank.com/corporate/corp-index.page

Influence

AAA

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Score

Regulatory Index0.00

Business Index6.96

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

ICICI Bank

Company Abbreviation

ICICI Bank

Platform registered country and region

India

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2025-04-30
ICICI Bank · Company summary
ICICI Bank Review Summary
Founded1996
Registered Country/RegionIndia
RegulationNot regulated
Market InstrumentsStocks, ETFs, Mutual Funds (SIP), Bonds, IPOs, National Pension System, Sovereign Gold Bonds
Demo Account❌
Trading PlatformMobile Banking, Net Banking, WhatsApp Banking
Min DepositNot mentioned
Customer SupportPhone: 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.

ICICI Bank Information

Pros and Cons

ProsCons
Wide range of banking and investment servicesNot regulated
User-friendly digital banking platformsNo advanced trading tools like MT4/MT5
Three-in-one accounts with several benefits includedNo 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.

Is ICICI Bank Legit?

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.

Is ICICI Bank Legit?

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 InstrumentsSupported
Forex❌
Commodities❌
Crypto❌
CFDs❌
Indexes❌
Stocks✅
ETFs✅
Mutual Funds (SIP)✅
Bonds✅
IPOs✅
National Pension System✅
Sovereign Gold Bonds✅
What Can I Trade on ICICI Bank?

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 for
3-in-1 Account (Savings + Demat + Trading)Combines savings, demat, and trading features for seamless investment accessIndividual investors, long-term savers
3-in-1 Account (Salary + Demat + Trading)Salary integration, credit card offers, discounts on loans/forex, digital bankingWorking professionals, convenience-focused users
Account Types
Account Types

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.

ICICI Bank Fees
ICICI Bank Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for What Kind of Traders
Mobile Banking✔iOS, AndroidRetail traders who prefer trading on the go
Net Banking✔Desktop, Web BrowserInvestors managing finances via web interface
WhatsApp Banking✔WhatsApp-enabled devicesUsers seeking simple, conversational banking tools
MetaTrader / cTrader❌–Not supported
Trading Platform

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 OptionsMin. DepositFeesProcessing Time
Bank Transfer (IMPS/NEFT/RTGS)Not mentionedVaries by methodInstant to 1 working day
UPI TransferNot mentionedUsually freeInstant
iMobile App TransferNot mentionedUsually freeInstant
E-walletNot mentionedMay applyInstant
Cash Deposit at Branch/ATMNot mentionedMay applyInstant to few hours

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
Bank Transfer (NEFT/RTGS/IMPS)Not mentionedVaries by methodInstant to 1 working day
ATM WithdrawalDepends on card typePossible fee after limitInstant
iMobile / Net Banking TransferNot mentionedUsually freeInstant
Deposit and Withdrawal

User Reviews

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FX1628855544
more than one year
My funds got stuck, making transfers impossible. Once they lift the restrictions on my account, I'll be moving my entire investment portfolio elsewhere, and I won't be coming back to ICICI Bank ever again.
My funds got stuck, making transfers impossible. Once they lift the restrictions on my account, I'll be moving my entire investment portfolio elsewhere, and I won't be coming back to ICICI Bank ever again.
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2024-02-27 23:40
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FX1595462746
more than one year
ICICI Bank brokerage has its drawbacks. The simulated account lacks adequate support, making it less user-friendly. Server issues seem to be a recurring problem, with frequent difficulties in opening or closing trades, possibly due to overload.
ICICI Bank brokerage has its drawbacks. The simulated account lacks adequate support, making it less user-friendly. Server issues seem to be a recurring problem, with frequent difficulties in opening or closing trades, possibly due to overload.
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2024-01-10 18:28
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