Score
ICBC
Hong Kong|5-10 years| http://www.icbc.com.cn/icbc/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed ICBC also viewed..
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Website
icbc.com.cn
Server Location
China
Website Domain Name
icbc.com.cn
ICP registration
京ICP证030247号-1
Website
WHOIS.CNNIC.CN
Company
北京中科三方网络技术有限公司
Domain Effective Date
2001-10-17
Server IP
123.127.121.18
Company Summary
| 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 | |
ICBC Information
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 and Cons
| 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 | |
Is ICBC Legit?
The ICBC was registered in 1984, but it does not have a foreign exchange trading license.
What Can I Trade on ICBC?
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 | ❌ |
Account Types
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 |
ICBC Fees
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.
Trading Platform
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 |
Deposit and Withdrawal
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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