We are proud that ICM Capital is one of the leading international online trading platforms within the industry. Due to our solid foundation and infrastructure that supports its traders, we are consistently chosen as the preferred trading company by our clients. In order to effectively maintain our standards and continuously thrive in the long-term, we need to evolve our business to efficiently adapt to new market realities and conditions.
Due to previous black swan events as well as the anticipated volatility (Brexit referendum) within the market, ICM Capital has increased the liquidity pool, which will significantly improve pricing and execution of trades.
As a result, as of Sunday, 19th June, all clients currently trading using1:500 FX leverage will be changed to a maximum leverage of 1:200 on FX, whether clients are trading on ECN execution or Instant mode. Clients, who are trading with higher leverage and wish to trade larger volumes, are urged to deposit increased figures.
NOTE: Due to the Brexit referendum the following products will temporarily have a lower than 1:200 leverage starting 19th June 2016. The newly introduced leverage will reduce the risk of clients entering negative balances during big market movements or gapping events. Please note the spreads are expected to be widened significantly on both Instant and ECN execution. Please note the new leverage will affect both existing and new positions.
Furthermore the stop out level may be increased to 100%. It is essential that all accounts hold sufficient funds to cover 100% of the total margin requirement in order to maintain the open positions. Also in order to avoid possible margin calls and/or stop outs, you may be required to close some of your positions or deposit additional funds.
We expect the leverage to return to 1:200 after the referendum when there is sufficient liquidity in the market.
Please do not hesitate to get in touch with any questions. For more information about ICM Capital please email us at clientservices@ICMCapital.co.uk.You can also contact us via telephone on +44 207 634 9770 or live chat.
Wish you all the best with your trading!