ICM Capital Extends Prepaid MasterCard Service to FX and CFD Traders

ICM Capital Limited has launched a Prepaid MasterCard card for traders utilizing foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), commodities, and contracts-for-difference (CFD), according to an ICM Capital statement.

ICM Capital Limited, is a London-headquartered financial services provider that is one of the few brokers regulated by the UK’s Financial Conduct Authority (FCA) to issue a card denominated in euros (EUR), the US dollar (USD), or the British pound (GBP).

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As a result of the new capabilities, ICM Capital’s traders will be able to integrate their existing trading accounts with the Prepaid MasterCard credit card in order to transfer funds between their respective accounts and the card. Moreover, the card will also garner the benefit of paying for goods and services via MasterCard worldwide.

According to Shoaib Abedi, Director at ICM Capital, in a recent statement on the launch: “We have recently announced the launch of our own branded ICM Capital prepaid MasterCard Card. Delivering a seamless trading experience for our customers is a priority for us.”

“Our traders are able to link this Card to their ICM Capital trading accounts, and use it in stores and ATM machines bearing the MasterCard Acceptance Mark. Integrating this card into our system makes it easy to move funds to and from the Card 24 hours a day via ICM Access, our trader’s personal account management system,” he added.

“As the leading global provider of prepaid card programmes, Intercash is thrilled to launch this exciting partnership with ICM Capital and reinforce our strong footprint within the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry,” noted Patrick Seguev, CEO, Intercash in an accompanying statement.

Back in November, ICM Capital made headlines after it launched a new partnership in the United Arab Emirates (UAE) with Mohammad Habib Al Mulla and Abdulla Habib Al Mulla, which culminated in the opening of a new Business Bay representative office in Dubai.