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Contract Specifications

We at ICM Capital strive to be the world's best Forex broker andstrive to offer you the very best Forex and CFDs trading conditions. Please see below the contract specifications and terms and conditions for all products offered at ICM Capital.

Dear valued client, please note that market volatility is anticipated due to the Brexit referendum, therefore some products will temporarily have a lower than 1:200 leverage, the full list can be viewed here. Please do not hesitate to contact us for any more information
 
Foreign Exchange
ICM Direct 
ICM Direct Limits/stops pending orders can be placed from market price ICM Pro ICM Pro Limits/stops pending orders can be placed from market price*
AUD/CAD 3.5 No Minimum 2.7 10 Pips
AUD/CHF 3.6 No Minimum 2.5 15 Pips
AUD/JPY 3.1 No Minimum 2.1 10 Pips
AUD/NZD 4 No Minimum 2.9 20 Pips
AUD/USD 2.1 No Minimum 1.4 5 Pips
CAD/CHF 3.9 No Minimum 2.6 10 Pips
CAD/JPY 3.3 No Minimum 2.4 10 Pips
CHF/JPY 3.9 No Minimum 2.5 10 Pips
EUR/AUD 3.8 No Minimum 3 15 Pips
EUR/CAD 3.7 No Minimum 2.8 20 Pips
EUR/CHF 3.4 No Minimum 2.3 10 Pips
EUR/GBP 2.1 No Minimum 1.4 5 Pips
EUR/JPY 2.9 No Minimum 2 10 Pips
EUR/NZD 5.1 No Minimum 3.8 25 Pips
EUR/SGD 4.9 No Minimum 4.2 15 Pips
EUR/USD 1.3 No Minimum 1.1 5 Pips
GBP/AUD 5 No Minimum 3.6 20 Pips
GBP/CAD 4.6 No Minimum 3.7 20 Pips
GBP/CHF 4.6 No Minimum 3.4 10 Pips
GBP/JPY 3.7 No Minimum 2.5 10 Pips
GBP/NZD 6.3 No Minimum 5 30 Pips
GBP/SGD 7.3 No Minimum 5.6 20 Pips
GBP/USD 2.3 No Minimum 1.6 5 Pips
NZD/CAD 4.1 No Minimum 3 25 Pips
NZD/CHF 3.9 No Minimum 2.7 15 Pips
NZD/JPY 3.4 No Minimum 2.6 15 Pips
NZD/USD 2.4 No Minimum 1.8 5 Pips
USD/CAD 2.2 No Minimum 1.7 5 Pips
USD/CHF 2.5 No Minimum 1.7 5 Pips
USD/CNH 7.9 No Minimum 6 25 Pips
USD/JPY 2 No Minimum 1.3 5 Pips
USD/SGD 3.3 No Minimum 2.6 15 Pips

i. ICM Capital Trading Hours:  22:00 (Sun) - 22:00 (Fri) Server Time
ii. ICM Direct account requires no minimum limits/stops  to enter the market
iii. Min and Max Lots per trade:  0.01 lots - 500 lots
iv. All contract size is 100,000 of the base currency
v. Subject to change without prior notice

Margin Requirement Calculation Formulas

Example for calculating the margin requirement for ICM Direct trades is as follows:

Required Margin = (Trade Size (lot size) / leverage) * account currency exchange rate (if different from the base currency in the pair being traded).

Example:
Trading 1 lot of GBP/USD using 1:200 leverage with an account currency denominated in USD
1 lot = 100,000
Leverage = 200
Base currency/Account currency exchange rate = 1.58
100,000/200 = 500
500 * 1.58 = 790

Required margin on this trade is $790.

Example for calculating the margin requirement for ICM Standard trades is as follows:

Required Margin = (Trade Size (lot size) / leverage)

Example:
Trading 1 lot of GBP/USD using 1:200 leverage with an account currency denominated in USD
1 lot = 100,000
Leverage = 200
100,000/200 = 500

Required margin on this trade is $500.

Metals/US$ ICM Capital Trading Hours Contract size Margin Requirement ICM Direct Typical Spread* ICM Direct Limits/stops pending orders can be placed from market price ICM Pro ICM Pro Limits/stops pending orders can be placed from market price
GOLD Spot 23:01 - 22:00 (Sun - Fri) 100 Troy oz 0.5% $0.35 No Minimum 0.243 50 cents
22:00 - 23:00 (Daily break)
SILVER Spot 23:01 - 22:00 (Sun - Fri) 5,000 Troy oz 1% $0.04 No Minimum 0.02013 10 cents
22:00 - 23:00 (Daily break)

 

Metals/EUR€ ICM Capital Trading Hours Contract size Margin Requirement ICM Direct Typical Spread* ICM Direct Limits/stops pending orders can be placed from market price ICM Standard Fixed Spread ICM Standard Limits/stops pending orders
can be placed from market price
GOLDEURO Spot 23:01 - 22:00 (Sun - Fri) 100 Troy oz 0.5% not provided No Minimum EUR 0.80 80 cents
22:00 - 23:00 (Daily break)
SILVEREURO Spot 23:01 - 22:00 (Sun - Fri) 5,000 Troy oz 1% not provided No Minimum EUR 0.04 10 cents
22:00 - 23:00 (Daily break)

i. All times are based on ICM Capital Server time
ii. Min and Max Lots per trade:  0.01 lots - 50 lots
iii. ICM Direct account requires no minimum limits/stops required to enter the market
iv. Subject to change without prior notice

Symbol Description Contract size Spread Pip Value Spread on orders from the market price Margin Req.
MMM 3M Company 1,000 Shares 15 10 10 Cents $4,000
AIG American International Group 1,000 Shares 15 10 10 Cents $4,000
BA Boeing Corp 1,000 Shares 15 10 10 Cents $4,000
CAT Caterpillar Inc. 1,000 Shares 15 10 10 Cents $4,000
C Citigroup Inc. 1,000 Shares 15 10 10 Cents $4,000
GE General Electric Co 1,000 Shares 15 10 10 Cents $4,000
IBM International Business Machines 1,000 Shares 15 10 10 Cents $4,000
MSFT Microsoft Corporation 1,000 Shares 15 10 10 Cents $4,000
PFE Pfizer Inc. 1,000 Shares 15 10 10 Cents $4,000
DIS Walt Disney Company 1,000 Shares 15 10 10 Cents $4,000

 

Day
Open
Close
Monday
14:31
20:59
Tuesday
14:31
20:59
Wednesday
14:31
20:59
Thursday
14:31
20:59
Friday
14:31
20:59

 

Ticker
Description
Contract size
Margin Req.
Pip Value
Limits/stops pending orders can be placed from market price
Fixed Spread
APPL
Apple Inc
1,000 Shares
$4,000.00
10
15 pips
35 Cents
GOOGL
Google Inc
1,000 Shares
$4,000.00
10
15 pips
120 Cents
 
 
 
 
 
 
 
Day
Open
Close
 
 
 
 
Mon
14:31
20:59
 
 
 
 
Tue
14:31
20:59
 
 
 
 
Wed
14:31
20:59
 
 
 
 
Thu
14:31
20:59
 
 
 
 
Fri
14:31
20:59
 
 
 
 

i. All above instruments are on market execution
ii. Fully Automated
iii. All times are based on ICM Capital Server time
iv. Subject to change without prior notice
v. No commission charged for all above products

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
+CL OTC Light Sweet Crude Oil Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 4
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:15 23:00        
Tue   22:15 23:00        
Wed   22:15 23:00        
Thu   22:15 23:00        
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC +CLZ16 12-Oct-16 18-Nov-16
JAN +CLF17 11-Nov-16 19-Dec-16
FEB +CLG17 12-Dec-16 19-Jan-17
MAR +CLH17 12-Jan-17 20-Feb-17
APR +CLJ17 13-Feb-17 20-Mar-17
MAY +CLK17 13-Mar-17 19-Apr-17
JUN +CLM17 12-Apr-17 19-May-17
JUL +CLN17 12-May-17 19-Jun-17
AUG +CLQ17 12-Jun-17 19-Jul-17
SEP +CLU17 12-Jul-17 21-Aug-17
OCT +CLV17 14-Aug-17 19-Sep-17
NOV +CLX17 12-Sep-17 19-Oct-17
DEC +CLZ17 12-Oct-17 17-Nov-17

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
+NG OTC E-Mini Natural Gas Henry Hub Future 10,000 mbtu $2,500 0.001 $10.0 50 Cents 4
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:15 23:00        
Tue   22:15 23:00        
Wed   22:15 23:00        
Thu   22:15 23:00        
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC +NGZ16 19-Oct-16 25-Nov-16
JAN +NGF17 18-Nov-16 27-Dec-16
FEB +NGG17 20-Dec-16 26-Jan-17
MAR +NGH17 19-Jan-17 23-Feb-17
APR +NGJ17 16-Feb-17 28-Mar-17
MAY +NGK17 21-Mar-17 25-Apr-17
JUN +NGM17 18-Apr-17 25-May-17
JUL +NGN17 18-May-17 27-Jun-17
AUG +NGQ17 20-Jun-17 26-Jul-17
SEP +NGU17 19-Jul-17 28-Aug-17
OCT +NGV17 21-Aug-17 26-Sep-17
NOV +NGX17 19-Sep-17 26-Oct-17
DEC +NGZ17 19-Oct-17 27-Nov-17

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
BRN OTC Brent Crude Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 4
               
Day Open Close          
Mon 01:01 22:59          
Tue 01:01 22:59          
Wed 01:01 22:59          
Thu 01:01 22:59          
Fri 01:01 22:59          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
Dec BRNZ16 21-Sep-16 28-Oct-16
JAN BRNF17 21-Oct-16 29-Nov-16
FEB BRNG17 22-Nov-16 28-Dec-16
MAR BRNH17 21-Dec-16 30-Jan-17
APR BRNJ17 23-Jan-17 27-Feb-17
MAY BRNK17 20-Feb-17 30-Mar-17
JUN BRNM17 23-Mar-17 27-Apr-17
JUL BRNN17 20-Apr-17 30-May-17
AUG BRNQ17 23-May-17 29-Jun-17
SEP BRNU17 22-Jun-17 28-Jul-17
OCT BRNV17 21-Jul-17 30-Aug-17
NOV BRNX17 23-Aug-17 28-Sep-17
DEC BRNZ17 21-Sep-17 30-Oct-17

i. All above instruments are on market execution
ii. All times are based on ICM Capital Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@ES OTC E-Mini S&P 500 Index Future 50$ X Index Value $1,000 0.25 12.5 50 Cents 0.75
               
Day Open Close          
Sun 23:00            
Mon   22:15          
Tue   22:15          
Wed   22:15          
Thu   22:15          
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @ESZ16 08-Sep-16 15-Dec-16
MAR @ESH17 8-Dec-16 16-Mar-17
JUN @ESM17 9-Mar-17 15-Jun-17
SEP @ESU17 8-Jun-17 14-Sep-17
DEC @ESZ17 7-Sep-17 14-Dec-17

 

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
DJ OTC Dow Jones Futures $10 per full point $1,000 1 point $10 10 Points 3
               
Day Open Close          
Sun 23:00            
Mon   22:15          
Tue   22:15          
Wed   22:15          
Thu   22:15          
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @DJZ16 8-Sep-16 15-Dec-16
MAR @DJH17 8-Dec-16 16-Mar-17
JUN @DJM17 9-Mar-17 15-Jun-17
SEP @DJU17 8-Jun-17 14-Sep-17
DEC @DJZ17 7-Sep-17 14-Dec-17

 

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@YM OTC Mini Dow Jones $5 per full point $1,000 1 point $5 10 Points 3
               
Day Open Close          
Sun 23:00            
Mon   22:15          
Tue   22:15          
Wed   22:15          
Thu   22:15          
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @YMZ16 8-Sep-16 15-Dec-16
MAR @YMH17 8-Dec-16 16-Mar-17
JUN @YMM17 9-Mar-17 15-Jun-17
SEP @YMU17 8-Jun-17 14-Sep-17
DEC @YMZ17 7-Sep-17 14-Dec-17

 

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@NQ OTC E-mini NASDAQ $20 per full point $1,000 0.25 $5 10 Points 0.75
               
Day Open Close          
Sun 23:00            
Mon   22:15          
Tue   22:15          
Wed   22:15          
Thu   22:15          
Fri   22:15          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @NQZ16 8-Sep-16 15-Dec-16
MAR @NQH17 8-Dec-16 16-Mar-17
JUN @NQM17 9-Mar-17 15-Jun-17
SEP @NQU17 8-Jun-17 14-Sep-17
DEC @NQZ17 7-Sep-17 14-Dec-17

 

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
F100 OTC FTSE 100 Index Future GBP 10 X FTSE 100 Index $2,500 0.50 Points 5 GBP 5 Index points 100
               
Day Open Close          
Mon 7:00 21:00          
Tue 7:00 21:00          
Wed 7:00 21:00          
Thu 7:00 21:00          
Fri 7:00 21:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC F100-Z16 8-Sep-16 15-Dec-16
MAR F100-H17 8-Dec-16 16-Mar-17
JUN F100-M17 9-Mar-17 15-Jun-17
SEP F100-U17 8-Jun-17 14-Sep-17
DEC F100-Z17 7-Sep-17 14-Dec-17

 

Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
DAX OTC DAX Index Future EUR 25 X DAX Index $2,500 0.50 Points EUR 12.50 5 Index points 400
               
Day Open Close          
Mon 7:00 21:00          
Tue 7:00 21:00          
Wed 7:00 21:00          
Thu 7:00 21:00          
Fri 7:00 21:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
Dec DAX-Z16 8-Sep-16 15-Dec-16
MAR DAX-H17 8-Dec-16 16-Mar-17
JUN DAX-M17 9-Mar-17 15-Jun-17
SEP DAX-U17 8-Jun-17 14-Sep-17
DEC DAX-Z17 7-Sep-17 14-Dec-17

 

i. All above instruments are on market execution
ii. All times are based on ICM Capital Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products

Swap Policy

No swaps will be offered on any positions under ICM Standard accounts. ICM Capital reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM Capital will invoke this right in case of suspicion of abuse, in which case ICM Capital may, at its sole discretion, decide to close all open positions in the account and 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.

While using higher leverage can significantly increase your profits, it equally can work against you as it involves greater risks to your capital. If the currency underlying one of your trades moves in leverage will greatly amplify your potential losses. It is possible for you to lose more than your initial deposit so please ensure CFD trading meets your investment objectives and seek independence advice and trading style that includes the use of stop and limit orders.

Market Execution

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

Having different order execution types to choose from allows you to diversify the way you trade. With Instant Execution, you specify the exact price you want to execute your trade at. If the desired price is available, ICM Capital will immediately execute the order for you. Due to the speed of the Forex market there is a possibility that the price has moved, in which case the order is not filled and you will receive a new price, this is known as a requote. If this is the case you will have the option to place a new order according to new market prices or skip that trade.

Fund your Account

Trading CFD's or Spot FX carries a high risk to your capital and can result in losses that exceed your deposits. CFDs and Spot FX are leveraged products. Trading CFD's or Spot FX carries a high risk to your capital and can result in losses that exceed your deposits. You should not engage in this form of investing unless you understand the nature of the Transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.