|Account Type||ICM Standard||ICM Direct|
|Deposit||$200 Minimum Deposit|
|Minimum Lot Size||0.01 of a Standard Lot|
|Instruments Available||Forex, Metals, Futures and Shares|
|Stop/Limit Levels||View Contract Specifications||No Minimum for Forex & Metals|
|Instruments Specifications||View Contract Specifications|
|Available to:||Clients residing outside of Europe and China||Globally|
|Trading Central Market News|
|Real Time News Feed|
|Mobile Trading Platform|
|Charts & Platforms|
|Free video tutorials|
|Personalised Service in +16 Languages|
|Complementary Premium Services|
|Custom Trading Conditions|
|Partial Fills||Inadequate liquidity can lead to requotes for instant orders, or slippage** for pending orders||Inadequate liquidity can lead to partial fills, with the remaining order filled at next best prices according to market depth|
|Re-quotes***||May occur during times of high volatility||No requotes|
|Execution||Instant Execution: the price you see on the screen or better||Market Execution: tiered liquidity, orders executed at the volume-weighted average price (VWAP)|
|Stop out level****||0%|
|Trading Platforms||MT4 Desktop, MT4 for Mac, MT4 Iphone/iPad, MT4 Android|
*Leverage may be subject to change depending on market conditions.
With Market Execution, your order is matched within seconds and sent for execution via liquidity generated through ICM Direct offering you maximum price efficiency. There is no central exchange in the Forex market, meaning liquidity is accumulated via major Tier 1 global banks and top liquidity providers. With Market Execution you get the best available price currently on the market, what’s more there is an opportunity to open the order at a better price, this is known as positive slippage. Keep in mind, this could mean that your order is filled at a different price to the one originally shown.
Instant Execution, is a term used by MetaQuotes Software Corp on the MetaTrader 4 trading platform and means traders do not have to request quotes but see real-time prices in their order window. This term can also be understood as precise execution, meaning the ICM Capital terminal sends the request to buy or sell at the price shown on the screen. Processing the trade once it has been placed may take a few seconds, dependent on internet and external connections, after which the order will be fulfilled. On rare occasions the exact price shown may no longer be available, if this is the case then a new price will be shown at which the trader can submit or cancel the order.
"Gapping" refers to an occurrence whereby the market moves from one quoted price and that this second quote is significantly different to the first. Where such an event happens and where the second quote is through an order level (Stop Loss, Limit or New Order), when the first quote was not, this may trigger a Gapping event.
There are a variety of reasons why this might happen. Some of the more usual, because the particular Underlying Market on which the order is placed has opened and started trading at a price significantly different from the previous session closing price; or during trading hours the Underlying Market may have become unusually volatile or illiquid for a period of time causing sudden dramatic price movements; or the Underlying Market may have gapped from one traded price to another, significantly different, traded price due to a piece of economic, political, environmental or corporate news.
Moreover, we advise clients to limit exposure when holding positions over the weekend or prior to market closing or during release of any political events and be aware that such gaps may occur.
At ICM Capital all trades execution are automated. When a client clicks on a price to trade, it is possible that clicked price has changed due to high volatility in the market, news releases, monetary policy changes and fundamental news announcement, and as such we cannot guarantee the price clicked since it does not reflect the fair and correct market price. At ICM Capital we believe in treating all customer fairly specially with dealing execution and in a case the price has changed; ICM Capital will confirm to the client at a better price if the market has shifted in clients favor or worse price if the price has shifted against the client.
Finally clients can always set their deviation to minimum 1 pip in order to further benefit from ICM Capital no re-quote policy.
At ICM Capital all clients can benefit from auto trading. Use of Expert advisor in the terminal are programs written in MetaQuotes Language 4 and allowing to analyze and trade in the automatic mode on behalf of client. ICM Capital is not liable for any trading loss when using expert advisor and may cancel trades if they EA is set to abuse our automated service. We at ICM Capital may at our sole discretion de-activate this feature if the client is deemed to be using the feature for abusive purposes.
ICM Standard accounts are Swap-free by default. Swap-free accounts are trading accounts in adherence with Islamic religious principles.
The overnight which is charged or paid as the price difference between rollover close and open trades is not applied to swap-free-accounts. There is no roll over on the spot products.
Swap-free-accounts shall be used strictly in good faith for Muslim religious compliance reasons only. ICM Capital may decline / cancel the use of swap-free-accounts, at its own discretion.
All users of swap-free-accounts shall agree with terms and conditions
ICM Capital reserves the right to get compensation from the client in case the latter has used a swap-free-account in bad faith and / or has breached the terms and conditions.
ICM Capital may change, modify or amend in part, or fully, the above described overnight policy according to the situation on the market.
For Non Islamic Accounts and ICM Direct accounts Overnight swap rates change with changes in the interest rate differentials of the two currencies involved. However, it must be stressed that ICM Capital uses its own rates which are based on interbank market overnight swaps plus the mark-up charged by the company in which is position is held, depending on the type of the position (long/short).
To get real swap rates, please contact clientservices@ICMCapital.co.uk.
The above stop out level are applicable under normal Forex trading conditions. ICM Capital reserves the right to amend the above spreads according to market conditions as per our Terms and Conditions.