UK online forex broker IC Capital launched on Thursday an ICM Capital Prepaid MasterCard card in euro (EUR), US dollars (USD), and British pounds (GBP) in partnership with prepaid cards provider Intercash. The card can be used from clients on the forex, commodity, and contracts for difference (CFDs) markets.
Investors can use the card to fund or transfer money between their trading accounts, but they can also use it for everyday payments in stores and ATM withdrawals.
“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,” said Shoaib Abedi, director at ICM Capital. “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.
Existing traders can request the issuance of an ICM Capital Prepaid MasterCard card via the broker’s account management system, while new traders can register to receive such a card by applying for an account for live trading with ICM Capital.
The ICM Capital MasterCard prepaid card is issued by Wirecard Card Solutions, but all fund transfers are processed by Intercash partner banks.
“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 industry,“ Intercash CEO Patrick Seguev said.
Other forex brokers with prepaid MasterCard cards include FxPro, InstaForex, JustForex, Forex4you, XM, etc.
London-based ICM Capital is an online spot forex, commodities, and CFDs broker authorised and regulated by the UK’s Financial Conduct Authority (FCA). It is present in Europe, Asia, and the Middle East, North Africa (MENA) region. The broker serves retail and institutional customers alike.
It is part of Luxembourg-based ICM Holding.
Source: ICM Captital