Trading Tools

Trading Tools

At ICM Capital we continuously strive to offer you services which can support you when trading with us. Below you will find a Pip Calculator which can help you to calculate the value of a pip depending on the currency pair and the lot size of your transaction. You will also find a Pivot Calculator which is simple to use and designed to calculate Pivot Points in just seconds. After that, you can have access to the Economic Calendar which will help you to track the occurrence of market-moving events. Also, you will have the opportunity to use the Trading Signals on MT4 which can help you to subscribe to the signal feeds of other traders via their MT4 platform.
 

Economic Calendar

GMT+1 Currency Event Actual Forecast Previous Imp.
02:00 CNY Chinese Composite PMI (May) 53.4   53.4
02:00 CNY Manufacturing PMI (May) 50.6 51.0 50.8
02:00 CNY Non-Manufacturing PMI (May) 53.6   53.2
23:30 AUD AIG Manufacturing Index (May) 41.6   35.8
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 AUD Manufacturing PMI 44.0 42.8 44.1
00:50 JPY Capital Spending (YoY) (Q1) 4.3%   -3.5%
01:00 KRW Exports (YoY) (May) -23.7% -25.1% -24.3%
01:00 KRW Imports (YoY) (May) -21.1% -15.8% -15.9%
01:00 KRW Trade Balance (May) 0.44B   -1.39B
01:30 KRW Nikkei Manufacturing PMI (May) 41.3   41.6
01:30 JPY Manufacturing PMI (May) 38.4 38.4 41.9
02:00 AUD MI Inflation Gauge (MoM) -1.2%   -0.1%
02:45 CNY Caixin Manufacturing PMI (May) 50.7 49.6 49.4
06:00 INR Nikkei Markit Manufacturing PMI (May) 30.8 38.0 27.4
07:30 AUD Commodity Prices (YoY) -7.4%   -7.3%
08:15 EUR Spanish Manufacturing PMI (May) 38.3 38.0 30.8
08:45 EUR Italian Manufacturing PMI (May) 45.4 37.1 31.1
08:50 EUR French Manufacturing PMI (May) 40.6 40.3 31.5
08:55 EUR German Manufacturing PMI (May) 36.6 36.8 34.5
09:00 EUR Manufacturing PMI (May) 39.4 39.5 33.4
09:30 GBP Manufacturing PMI (May) 40.7 40.7 32.6
09:30 HKD Retail Sales (YoY) (Apr) -36.1%   -42.0%
10:00 ZAR Manufacturing PMI 50.2   46.1
12:25 BRL BCB Focus Market Readout      
13:00 ZAR Total Vehicle Sales (YoY) (May) -68.00%   -98.40%
13:00 ZAR Total Vehicle Sales (May) 12.93K   0.57K
14:00 BRL Markit Manufacturing PMI (May) 38.3   36.0
14:30 CAD RBC Manufacturing PMI (May) 40.6   33.0
14:45 USD Manufacturing PMI (May) 39.8 39.8 36.1
15:00 USD Construction Spending (MoM) (Apr) -2.9% -6.0% 0.9%
15:00 USD ISM Manufacturing Employment (May) 32.1 35.0 27.5
15:00 USD ISM Manufacturing New Orders Index (May) 31.8   27.1
15:00 USD ISM Manufacturing PMI (May) 43.1 43.0 41.5
15:00 USD ISM Manufacturing Prices (May) 40.8 37.0 35.3
15:30 MXN Manufacturing PMI (May) 38.30   35.00
16:30 USD 3-Month Bill Auction 0.150%   0.130%
16:30 USD 6-Month Bill Auction 0.170%   0.160%
19:00 BRL Trade Balance (May) 4.50B 4.74B 6.70B
23:45 NZD Building Consents (MoM) (Apr) -6.5%   -21.7%
23:45 NZD Terms of Trade - Exports Prices (Q1) -0.2% -1.0% 3.0%
23:45 NZD Terms of Trade - Exports Volume (QoQ) (Q1) 1.8% -0.1% 1.7%
23:45 NZD Terms of Trade - Imports Prices (Q1) 0.5% -0.9% 0.3%
23:45 NZD Terms of Trade Index (QoQ) (Q1) -0.7% 1.3% 2.6%
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 KRW CPI (MoM) (May) -0.2% -0.2% -0.6%
00:00 KRW CPI (YoY) (May) -0.3% -0.2% 0.1%
00:00 KRW GDP (YoY) (Q1) 1.4% 1.3% 2.3%
00:00 KRW GDP (QoQ) (Q1) -1.3% -1.4% 1.3%
00:50 JPY Monetary Base (YoY) 3.9%   2.3%
01:30 IDR Nikkei Manufacturing PMI (May) 28.6   27.5
02:30 AUD Business inventories (MoM) (Q1) -1.2% -0.7% 0.3%
02:30 AUD Company Gross Operating Profits (QoQ) (Q1) 1.1% -3.5% -3.5%
02:30 AUD Company Profits Pre-Tax (QoQ) (Q1) -16.2%   -0.6%
02:30 AUD Current Account (Q1) 8.4B 6.3B 1.0B
02:30 AUD Net Exports Contribution (Q1) 0.5% 0.3% 0.1%
04:35 JPY 10-Year JGB Auction 0.000%   -0.001%
05:00 IDR Inflation (MoM) (May) 0.07% 0.04% 0.08%
05:00 IDR Inflation (YoY) (May) 2.19% 2.15% 2.67%
05:17 IDR Core Inflation (YoY) (May) 2.65% 2.70% 2.85%
05:30 AUD RBA Interest Rate Decision (Jun) 0.25% 0.25% 0.25%
05:30 AUD RBA Rate Statement      
07:00 GBP Nationwide HPI (YoY) (May) 1.8% 2.8% 3.7%
07:00 GBP Nationwide HPI (MoM) (May) -1.7% -1.0% 0.9%
07:30 CHF Retail Sales (YoY) (Apr) -19.9%   -5.8%
07:45 EUR French Government Budget Balance (Apr) -92.1B   -52.5B
08:00 EUR Spanish Unemployment Change 26.6K   282.9K
08:30 CHF procure.ch PMI (May) 42.1 42.0 40.7
09:00 NOK Manufacturing PMI (May) 45.9 46.0 43.0
09:30 GBP BoE Consumer Credit (Apr) -7.399B -4.500B -3.803B
09:30 GBP M4 Money Supply (MoM) (Apr) 1.5%   3.2%
09:30 GBP Mortgage Approvals (Apr) 15.85K 23.78K 56.14K
09:30 GBP Mortgage Lending (Apr) 0.29B 1.15B 4.78B
09:30 GBP Net Lending to Individuals -6.9B   1.0B
11:45 GBP 10-Year Treasury Gilt Auction 0.260%   0.261%
13:55 USD Redbook (MoM) -1.4%   -1.5%
13:55 USD Redbook (YoY) -7.2%   -5.5%
14:00 EUR French 12-Month BTF Auction -0.514%   -0.517%
14:00 EUR French 3-Month BTF Auction -0.520%   -0.526%
14:00 EUR French 6-Month BTF Auction -0.513%   -0.519%
14:45 USD ISM NY Business Conditions (May) 19.5%   4.3%
14:45 USD ISM-New York Index (May) 811.3   826.5
16:20 NZD GlobalDairyTrade Price Index 0.1%   1.0%
21:30 USD API Weekly Crude Oil Stock -0.500M   8.700M
22:00 KRW FX Reserves - USD (May) 407.31B   403.98B
23:30 AUD AIG Construction Index (May) 24.9   21.6
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 USD Total Vehicle Sales 12.20M   8.60M
00:00 AUD Services PMI 26.9 25.5 19.5
00:01 GBP BRC Shop Price Index (YoY) -2.4%   -1.7%
01:30 JPY Services PMI (May) 26.5 25.3 21.5
01:30 HKD Manufacturing PMI (May) 43.9   36.9
02:10 AUD RBA Assist Gov Bullock Speaks         
02:30 AUD GDP (YoY) (Q1) 1.4% 1.4% 2.2%
02:30 AUD GDP (QoQ) (Q1) -0.3% -0.3% 0.5%
02:30 AUD GDP Capital Expenditure (Q1) -0.8%   -1.0%
02:30 AUD GDP Chain Price Index (Q1) 1.1%   -1.2%
02:30 AUD GDP Final Consumption (Q1) -0.4%   0.5%
02:30 AUD Private House Approvals (Apr) 2.7%   -1.2%
02:30 AUD RBA Chart Pack Release      
02:45 CNY Caixin Services PMI (May) 55.0   44.4
04:00 IDR M2 Money Supply (YoY) (Apr) 8.60%   12.10%
04:23 AUD Building Approvals (MoM) (Apr) -1.8% -15.0% -2.6%
06:00 INR Nikkei Services PMI (May) 12.6 23.0 5.4
06:45 CHF GDP (YoY) (Q1) -1.3% -0.9% 1.6%
06:45 CHF GDP (QoQ) (Q1) -2.6% -2.0% 0.3%
07:00 NOK Current Account (Q1) 66.1B   25.1B
08:15 EUR Spanish Services PMI (May) 27.9 25.0 7.1
08:15 ZAR South Africa Standard Bank PMI (May) 32.5   35.1
08:45 EUR Italian Composite PMI (May) 33.9   10.9
08:45 EUR Italian Services PMI (May) 28.9 26.5 10.8
08:50 EUR French Markit Composite PMI (May) 32.1 30.5 30.5
08:50 EUR French Services PMI (May) 31.1 29.4 10.2
08:55 EUR German Composite PMI (May) 32.3 31.4 17.4
08:55 EUR German Services PMI (May) 32.6 31.4 16.2
08:55 EUR German Unemployment Change (May) 238K 200K 372K
08:55 EUR German Unemployment Rate (May) 6.3% 6.2% 5.8%
08:55 EUR German Unemployment (May) 2.875M   2.637M
08:55 EUR German Unemployment n.s.a. (May) 2.813M 2.470M 2.644M
09:00 EUR Italian Monthly Unemployment Rate (Apr) 6.3% 9.5% 8.0%
09:00 BRL IPC-Fipe Inflation Index (MoM) (May) -0.24%   -0.30%
09:00 EUR Markit Composite PMI (May) 31.9 30.5 13.6
09:00 EUR Services PMI (May) 30.5 28.7 12.0
09:30 GBP Composite PMI (May) 30.0 28.9 13.8
09:30 GBP Services PMI (May) 29.0 28.0 13.4
10:00 EUR PPI (YoY) (Apr) -4.5% -4.0% -2.8%
10:00 EUR PPI (MoM) (Apr) -2.0% -1.8% -1.5%
10:00 EUR Unemployment Rate (Apr) 7.3% 8.2% 7.1%
10:40 EUR German 5-Year Bobl Auction -0.620%   -0.740%
12:00 USD MBA 30-Year Mortgage Rate 3.37%   3.42%
12:00 USD MBA Mortgage Applications (WoW) -3.9%   2.7%
12:00 USD MBA Purchase Index 296.0   281.2
12:00 USD Mortgage Market Index 717.7   746.5
12:00 USD Mortgage Refinance Index 3,166.7   3,466.2
12:30 INR M3 Money Supply 11.7%   11.5%
13:00 BRL Industrial Production (YoY) (Apr) -27.2% -33.1% -3.8%
13:00 BRL Industrial Production (MoM) (Apr) -18.8% -29.2% -9.1%
13:15 USD ADP Nonfarm Employment Change (May) -2,760K -9,000K -19,557K
13:30 CAD Labor Productivity (QoQ) (Q1) 3.4% 1.2% -0.1%
14:00 BRL Markit Composite PMI (May) 28.1   26.5
14:00 BRL Markit Services PMI (May) 27.6   27.4
14:00 SGD Manufacturing PMI (May) 46.8   44.7
14:30 USD Seevol Cushing Storage Report -1.765M   -4.261M
14:45 USD Markit Composite PMI (May) 37.0 36.4 27.0
14:45 USD Services PMI (May) 37.5 36.9 26.7
15:00 USD Durables Excluding Defense (MoM) (Apr) -16.6%   -16.2%
15:00 USD Factory Orders (MoM) (Apr) -13.0% -14.0% -11.0%
15:00 USD Factory orders ex transportation (MoM) (Apr) -8.5%   -4.0%
15:00 USD ISM Non-Manufacturing Business Activity (May) 41.0 34.0 26.0
15:00 USD ISM Non-Manufacturing Employment (May) 31.8   30.0
15:00 USD ISM Non-Manufacturing New Orders (May) 41.9   32.9
15:00 USD ISM Non-Manufacturing PMI (May) 45.4 44.0 41.8
15:00 USD ISM Non-Manufacturing Prices (May) 55.6   55.1
15:00 CAD BoC Rate Statement      
15:00 CAD BoC Interest Rate Decision 0.25% 0.25% 0.25%
15:30 USD Crude Oil Inventories -2.077M 3.038M 7.928M
15:30 USD EIA Refinery Crude Runs (WoW) 0.316M   0.088M
15:30 USD Crude Oil Imports -0.639M   2.066M
15:30 USD Cushing Crude Oil Inventories -1.739M -1.765M -3.395M
15:30 USD Distillate Fuel Production -0.066M   -0.024M
15:30 USD EIA Weekly Distillates Stocks 9.935M 2.686M 5.494M
15:30 USD Gasoline Production 0.608M   0.005M
15:30 USD Heating Oil Stockpiles 0.923M   0.107M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW) 0.5% 1.0% 1.9%
15:30 USD Gasoline Inventories 2.796M 1.000M -0.724M
18:30 BRL Foreign Exchange Flows 3.080B   2.466B
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 KRW Current Account (Apr) -3.12B   5.96B
00:50 JPY Foreign Bonds Buying -499.3B   -453.1B
00:50 JPY Foreign Investments in Japanese Stocks -38.0B   74.8B
02:00 NZD ANZ Commodity Price Index (MoM) -0.1%   -1.1%
02:30 AUD Exports (MoM) (Apr) -11%   15%
02:30 AUD Imports (MoM) (Apr) -10%   -4%
02:30 AUD Retail Sales (MoM) (Apr) -17.7% -17.9% 8.5%
02:30 AUD Trade Balance (Apr) 8.800B 7.500B 10.602B
04:35 JPY 30-Year JGB Auction 0.529%   0.449%
07:30 CHF CPI (YoY) (May) -1.3% -1.3% -1.1%
07:30 CHF CPI (MoM) (May) 0.0% 0.1% -0.4%
08:30 EUR IHS Markit Construction PMI (May) 40.1   31.9
09:30 GBP Car Registration (YoY) (May) -89.0%   -97.3%
09:30 GBP Car Registration (MoM) (May) 368.6%   -98.3%
09:30 GBP Construction PMI (May) 28.9 29.7 8.2
10:00 EUR French 10-Year OAT Auction 0.02%   0.03%
10:00 NOK House Price Index (YoY) (May) 2.50%   1.20%
10:00 EUR Retail Sales (YoY) (Apr) -19.6% -22.3% -8.8%
10:00 EUR Retail Sales (MoM) (Apr) -11.7% -15.0% -11.1%
11:00 EUR Spanish 10-Year Obligacion Auction 0.550%   0.711%
11:00 EUR Spanish 15-Year Obligacion Auction 0.945%   1.193%
11:00 EUR Spanish 3-Year Bonos Auction -0.215%   -0.160%
11:00 EUR Spanish 5-Year Bonos Auction -0.028%   0.053%
12:00 EUR German Car Registration (YoY) (May) -49.5%   -61.1%
12:00 EUR German Car Registration (MoM) (May) 39.1%   -43.8%
12:30 USD Challenger Job Cuts (May) 397.016K   671.129K
12:30 USD Challenger Job Cuts (YoY) 577.8%   1,576.9%
12:45 EUR Deposit Facility Rate (Jun) -0.50% -0.50% -0.50%
12:45 EUR ECB Marginal Lending Facility 0.25%   0.25%
12:45 EUR ECB Monetary Policy Statement      
12:45 EUR ECB Interest Rate Decision (Jun) 0.00% 0.00% 0.00%
13:30 USD Continuing Jobless Claims 21,487K 20,050K 20,838K
13:30 USD Exports 151.28B   190.18B
13:30 USD Imports 200.69B   232.20B
13:30 USD Initial Jobless Claims 1,877K 1,800K 2,126K
13:30 USD Jobless Claims 4-Week Avg. 2,284.00K   2,608.75K
13:30 USD Nonfarm Productivity (QoQ) (Q1) -0.9% -2.7% 1.2%
13:30 USD Trade Balance (Apr) -49.40B -49.00B -42.30B
13:30 USD Unit Labor Costs (QoQ) (Q1) 5.1% 5.0% 0.9%
13:30 CAD Exports (Apr) 32.66B 42.07B 46.43B
13:30 CAD Imports (Apr) 35.91B 41.37B 47.96B
13:30 CAD Trade Balance (Apr) -3.25B -2.36B -1.53B
13:30 EUR ECB Press Conference         
15:30 USD Natural Gas Storage 102B 110B 109B
16:30 USD 4-Week Bill Auction 0.125%   0.130%
16:30 USD 8-Week Bill Auction 0.145%   0.135%
19:00 CAD BoC Deputy Governor Gravelle Speaks         
23:30 AUD AIG Services Index (May) 31.6   27.1
GMT+1 Currency Event Actual Forecast Previous Imp.
00:01 GBP GfK Consumer Confidence (Jun) -36 -34 -33
00:30 JPY Household Spending (YoY) (Apr) -11.1% -15.4% -6.0%
00:30 JPY Household Spending (MoM) (Apr) -6.2% -8.7% -4.0%
00:50 JPY Foreign Reserves (USD) (May) 1,378.2B   1,368.6B
06:00 JPY Coincident Indicator (MoM) (Apr) -7.3%   -4.9%
06:00 JPY Leading Index (MoM) (Apr) -8.9%   -7.2%
06:00 JPY Leading Index 76.2 84.7 84.7
06:00 SGD Retail Sales (YoY) (Apr) -40.5%   -13.3%
06:00 SGD Retail Sales (MoM) (Apr) -31.7%   -1.3%
06:30 INR RBI MPC Meeting Minutes      
07:00 EUR German Factory Orders (MoM) (Apr) -25.8% -19.7% -15.0%
07:00 NOK Manufacturing Production (MoM) (Apr) -1.6%   -3.0%
07:00 ZAR Foreign Reserves (USD) (May) 52.77B   53.00B
07:00 ZAR Net FX Reserves (USD) (May) 45.531B   45.470B
08:00 EUR Spanish Industrial Production (YoY) (Apr) -33.6%   -13.7%
08:30 GBP Halifax House Price Index (MoM) (May) -0.2% -0.7% -0.6%
08:30 GBP Halifax House Price Index (YoY) 2.6%   2.7%
09:00 EUR Italian Retail Sales (MoM) (Apr) -10.5%   -21.3%
09:00 EUR Italian Retail Sales (YoY) (Apr) -26.3%   -18.9%
09:30 HKD Foreign Reserves (USD) (May) 442.30B   441.30B
11:30 EUR Spanish Consumer Confidence 52.9   49.9
12:00 MXN Gross Fixed Investments (MoM) (Mar) -3.10%   -1.70%
12:00 MXN Gross Fixed Investments (YoY) (Mar) -11.00% -10.70% -8.60%
12:00 BRL IGP-DI Inflation Index (MoM) (May) 1.07% 0.61% 0.05%
12:30 INR Bank Loan Growth 6.3%   6.5%
12:30 INR Deposit Growth 10.6%   10.6%
12:30 INR FX Reserves, USD 493.48B   490.04B
13:30 USD Average Hourly Earnings (MoM) (May) -1.0% 1.0% 4.7%
13:30 USD Average Hourly Earnings (YoY) (YoY) (May) 6.7% 8.5% 8.0%
13:30 USD Average Weekly Hours (May) 34.7 34.3 34.2
13:30 USD Government Payrolls (May) -585.0K   -963.0K
13:30 USD Manufacturing Payrolls (May) 225K -440K -1,324K
13:30 USD Nonfarm Payrolls (May) 2,509K -8,000K -20,687K
13:30 USD Participation Rate (May) 60.8%   60.2%
13:30 USD Private Nonfarm Payrolls (May) 3,094K -7,500K -19,724K
13:30 USD U6 Unemployment Rate (May) 21.2%   22.8%
13:30 USD Unemployment Rate (May) 13.3% 19.7% 14.7%
13:30 CAD Employment Change (May) 289.6K -500.0K -1,993.8K
13:30 CAD Full Employment Change (May) 219.4K   -1,472.0K
13:30 CAD Part Time Employment Change (May) 70.3K   -521.9K
13:30 CAD Participation Rate (May) 61.4%   59.8%
13:30 CAD Unemployment Rate (May) 13.7% 15.0% 13.0%
15:00 USD U.S. President Trump Speaks         
15:00 CAD Ivey PMI n.s.a (May) 42.1   23.6
15:00 CAD Ivey PMI (May) 39.1   22.8
16:00 BRL Auto Production (MoM) 2,232.4%   -99.0%
16:00 BRL Auto Sales (MoM) 11.6%   -67.7%
18:00 USD U.S. Baker Hughes Oil Rig Count 206   222
18:00 USD U.S. Baker Hughes Total Rig Count 284   301
20:00 USD Consumer Credit (Apr) -68.78B -20.00B -11.53B
20:30 GBP CFTC GBP speculative net positions -36.0K   -19.0K
20:30 USD CFTC Aluminium speculative net positions 81.2K   72.6K
20:30 USD CFTC Copper speculative net positions -0.9K   -13.4K
20:30 USD CFTC Corn speculative net positions -219.4K   -199.0K
20:30 USD CFTC Crude Oil speculative net positions 568.3K   543.6K
20:30 USD CFTC Gold speculative net positions 219.0K   251.8K
20:30 USD CFTC Nasdaq 100 speculative net positions 12.6K   -5.0K
20:30 USD CFTC Natural Gas speculative net positions -44.0K   -61.1K
20:30 USD CFTC S&P 500 speculative net positions -225.8K   -236.3K
20:30 USD CFTC Silver speculative net positions 37.2K   30.9K
20:30 USD CFTC Soybeans speculative net positions 71.8K   87.6K
20:30 USD CFTC Wheat speculative net positions 4.6K   -9.9K
20:30 CAD CFTC CAD speculative net positions -33.1K   -35.1K
20:30 MXN CFTC MXN speculative net positions 8.3K   -6.0K
20:30 CHF CFTC CHF speculative net positions 9.0K   6.6K
20:30 AUD CFTC AUD speculative net positions     -40.8K
20:30 BRL CFTC BRL speculative net positions -12.0K   -10.4K
20:30 JPY CFTC JPY speculative net positions 32.6K   32.3K
20:30 NZD CFTC NZD speculative net positions -12.9K   -15.9K
20:30 EUR CFTC EUR speculative net positions 81.2K   72.6K

VPS Hosting for Forex Trading

This Virtual Private Server (VPS) is available for existing and new clients who maintain a balance of 4,000 USD or equivalent in EUR, GBP or SGD in their account. It allows Expert Advisors to be installed and run without interruption 24 hours a day whenever the markets are open. We've chosen to partner with Beeks FX, one of the global leaders in VPS solutions. If you are a FX trader who wants access to one of the fastest VPS services in the industry then you can get it with ICM Capital.

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Key Features

  • Free for accounts that maintain a 4,000 USD balance or equivalent in EUR, GBP or SGD
  • Increases the speed of your trades
  • No required number of lots to be traded
  • 24/7 technical support directly with the hosting company
  • Compatible with Expert Advisors
  • Accessible from anywhere in the world
  • Reduces Latency
  • Reduces slippage
  • Improves tick count

Specifications

  • 1152 mb ram
  • 1 vcpu
  • 17gb hdd
  • Windows 2012

What is Pip?

A pip is the minimum price fluctuation of the instrument being priced. At ICM Capital we have introduced five digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with four digits. i.e EURUSD 1.3151/1.3153, we quote the pair at a lower spread of 1.3 as 1.31508/1.31524.

What is a lot?

A Forex Lot is the amount of currency you buy or sell. Say for example you wish to 100,000 USD, 100,000 is basically your trade size. Forex Lot is basically representation of Trade Size in a different format. A Standard Lot would represent 100,000 of any currency.

EUR 100,000 = 1 Standard Lot Euro

ICM Capital offers leverage of 1:30 to retail clients. Although the ability to earn significant profits by using leverage is substantial, leverage can also work against investors. For example, if the currency underlying one of your trades moves against you, leverage will greatly amplify the potential losses. To help reduce the chance of such a scenario, forex traders usually implement a strict trading style that includes the use of stop and limit orders.

To help ensure accuracy please make sure the numbers you enter are in the correct format and include the correct amount of digits, for example EUR/USD we quote the pair at a lower fixed spread of 1.6 at say 1.31508/1.31524 with five digits not four 1.3151/1.3153.

In order to calculate the pivot point you must take the Open, High, Low and Close price which can be found in the MetaTrader 4 platform by using the 'Crosshair' (the + sign on the top left hand corner) and moving it over the chart.

What is a Trailing Stop?

A Trailing Stop causes the level of the Stop Loss to trail the price level of a Buy or Sell position. Using a specified algorithm a Trailing Stop allows traders to maintain their open position and continue to achieve profits as long as the price moves in their favoured direction. Once Trailing Stops have been fixed they don't have to be altered manually, as a stop loss does.

Will the Trailing Stop work when I am offline?

Ensure that the MetaTrader 4 Client Terminal is running and that your device is connected to the internet when placing a Trailing Stop order, as it will only remain active when you are online. Once you close your trading platform your Trailing Stop order will be deactivated, while your Stop Loss order will remain active if it was placed before the Trailing Stop.

If you are new to Forex trading then Micro lots can be an ideal way for you to enter an exciting market that has a Daily turnover of over USD 5 trillion a day (as of April 2016). In Forex trading the minimum contract size for a micro account is 0.01 of a lot, which is equal to 1,000 units of the base currency.

At ICM Capital we do not treat clients differently depending on their deposit size, so this type of trading is open to all clients and is available on both our demo and live MT4 platforms.

We aim to continuously improve your trading environment and offer you the best possible service. If you have any questions please do not hesitate to get in touch with our award-winning Client Services team.

 

Key Features

  • Start and stop following Signal Providers in a matter of minutes
  • Signal Providers which you follow can be stopped at any time
  • Follow multiple traders at once to diversify your strategies
  • Trades are directly linked to clients own platform and continue to be placed even when they are away from the platform
  • Demo version is available before going live

How to Access Trading Signals?

Becoming a Signal Provider

ICM Capital’s advanced traders with a successful trading strategy can use Trading Signals to their advantage. Simply register here as a ‘Seller’ by filling in the requested data in the registration form. Once registration is complete you can sell your signals to thousands of subscribers around the world. Please note there are no costs to register as a Signal Provider however it takes 30 days for your track record to be verified by MetaQuotes before you can add a fee to your service.

Click here for the user guide on becoming a Signal Provider: User guide

Are Trading Signals Secure?

MetaQuotes has designed this advanced software to ensure each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signals are copied on the subscriber’s account in a way that reflects the money management rules used by the signal provider. Signal Providers are paid a fixed monthly subscription fee.

How do I choose a signal provider?

Choose a signal provider which is using a Live Account and see how many trades have been executed. Generally, if a signal provider has performed 100 or more trades it shows that this is an active account. Clients should be aware of the drawdown percentage, less than 30% is thought to be ideal. Follow traders with a steady growth rate. If the growth is high very quickly, the signal provider may be trading in a high-risk manner. Finally, you may find that paid signals are more reliable in the long run. If you choose to follow a Signal Provider who charges for the signals, you can be sure that the Signal Provider has partaken in a 30 day trial period and has been verified by MetaQuotes before being able to start charging for the owned signals.

How can I manage my risk with Trading Signals?

Manage each signal you are following as if it were an individual trade and ensure, when you subscribe to a Signal Provider that you set parameters to manage your risk on each trade. Have a strategy in place to choose how much of your account is dedicated to each Signal Provider. Ensure within your strategy you have a clear exit tactic and have rules in place for when you will stop following each signal.

Disclaimer
MetaQuotes Software Corp. is a respected third party software development company however the information provided should not be considered as trading advice. ICM Capital provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM Capital will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
 

CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spot FX work, and whether you can afford to take the high risk of losing your money. Read More
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