ACCOUNT TYPE ICM DIRECT (ECN) ICM ZERO
Deposit USD, EUR, GBP or SGD USD, EUR, GBP or SGD
Minimum Deposit No minimum No minimum
Leverage(1) 0.180555556 0.180555556
Spread View Contract Specifications 0(2)
Commission 0 $7/Round lot(3)
Minimum Lot Size 0.01 of a Standard Lot 0.01 of a Standard Lot
Instruments Available Forex, Metals, Futures , Shares, and Cash CFDs Forex, Metals, Futures , Shares, and Cash CFDs
Stop/Limit Levels No Minimum for Forex & Metals No Minimum for Forex & Metals
Instruments Specifications View Contract Specifications View Contract Specifications
Available to Globally Globally
Trading Central Market News
Credit Bonus(5)
Expert Advisor
Real Time News Feed
Mobile Trading Platform
Segregated accounts
Charts & Platforms
Free video tutorials
Fifth Decimal
Personalised Service in +16 Languages
SMS Updates
Swap free(6)
Complementary Premium Services
Custom Trading Conditions
Execution Market Execution Market Execution
Stop out level(7) 0%(8) 0%(8)
Trading Platforms MT4: Windows, Mac, iOS, and Android MT4: Windows, Mac, iOS, and Android

 

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Trading involves high risk.

 

(1) Leverage may be subject to change depending on market conditions.
(2) Starting from 0
(3) For FX and Metal only – No commission is charged for all other products
(4) For Asia, available products are Forex, Energy Futures and Precious Metals
(5) Credit bonus not available in all regions
(6) Swap free accounts are available to clients following the Muslim faith
(7) Applicable under normal Forex trading conditions
(8) For Asia, Stop Out Level is 50%

 

Market Execution

 

With Market Execution, your order is matched within seconds and sent for execution via liquidity generated through ICM Direct, ensuring real price efficiency. As there is no central exchange in the forex market, liquidity is accumulated via Tier 1 global banks and market leading liquidity providers.

With Market Execution you achieve the best available price currently on the market, along with the opportunity to open the order at a better price, referred to as ‘positive slippage’. Please note, this could also mean your order is filled at a different price to the one originally shown.

 

Expert Advisors

 

At ICM Trader all clients can benefit from auto trading. The expert advisor (EA) in the terminal are programmes written in MetaQuotes Language 4 which allow them to analyse and trade in automatic mode on behalf of the client.

ICM Trader is not liable for any trading loss experienced when using the EA option and at our sole discretion we may de-activate this feature if the client is deemed to be using the feature for abusive purposes. Please note that ICM Trader does not provide personal investment advice, and that individuals should seek independent advice where needed.

 

Gapping/Slippage

 

‘Gapping’ refers to a scenario where the market moves from one quoted price to a second quote that is significantly different to the first. In the event of this occurring, and where the second quote is through an order level (Stop Loss, Limit or New Order), and the first quote was not, this may trigger a gapping event.

There are a variety of reasons why this can occur. Some are more usual, because the underlying market on which the order is placed has opened and begun trading at a price significantly different from the previous session’s closing price.

However, it could be because during trading hours the underlying market may have become unusually volatile or illiquid for a period of time causing sudden price movements. Alternatively, the underlying market may have gapped due to a piece of economic, political, environmental or corporate news.

Moreover, we recommend clients limit their exposure when holding positions over the weekend, prior to the market closing, or preceding the release of any political events, and remain aware that such gaps could occur during these periods.

 

Stop-out Levels

 

The above stop out levels are applicable under normal forex trading conditions. ICM Trader reserves the right to amend the above spreads according to market conditions as per our terms and conditions.

 

Swap Free Accounts

 

We offer Islamic accounts to clients who are part of the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is strictly against Islamic beliefs.

ICM Trader reserve the right to discontinue an Islamic/SWAP-free account without warning. ICM Trader will invoke this right in case of suspicion of abuse, which may result in ICM Trader, at its sole discretion, decide to close all open positions in the account, deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the client to be exempted from SWAP. All users of swap-free accounts must agree with our terms and conditions.