Contract Specifications
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.
| 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 |
|---|---|---|---|---|
| AUDCAD | 4.3 | No Minimum | 3.6 | No Minimum |
| AUDCHF | 4.2 | No Minimum | 3.3 | No Minimum |
| AUDJPY | 4.0 | No Minimum | 4.0 | No Minimum |
| AUDNZD | 4.5 | No Minimum | 3.6 | No Minimum |
| AUDUSD | 1.9 | No Minimum | 1.9 | No Minimum |
| CADCHF | 4.0 | No Minimum | 4.0 | No Minimum |
| CADJPY | 3.5 | No Minimum | 3.5 | No Minimum |
| CHFJPY | 4.0 | No Minimum | 4.0 | No Minimum |
| EURAUD | 4.3 | No Minimum | 3.3 | No Minimum |
| EURCAD | 4.2 | No Minimum | 3.4 | No Minimum |
| EURCHF | 3.0 | No Minimum | 3.0 | No Minimum |
| EURGBP | 1.9 | No Minimum | 1.9 | No Minimum |
| EURJPY | 2.5 | No Minimum | 2.5 | No Minimum |
| EURNZD | 4.8 | No Minimum | 3.8 | No Minimum |
| EURSGD | 15.0 | No Minimum | 15.0 | No Minimum |
| EURTRYV | 13.0 | No Minimum | 13.0 | No Minimum |
| EURUSD | 1.3 | No Minimum | 0.9 | No Minimum |
| GBPAUD | 4.8 | No Minimum | 3.9 | No Minimum |
| GBPCAD | 4.7 | No Minimum | 3.9 | No Minimum |
| GBPCHF | 4.4 | No Minimum | 3.3 | No Minimum |
| GBPJPY | 3.5 | No Minimum | 3.5 | No Minimum |
| GBPNZD | 6.4 | No Minimum | 5.4 | No Minimum |
| GBPSGD | 22.0 | No Minimum | 22.0 | No Minimum |
| GBPUSD | 2.3 | No Minimum | 1.7 | No Minimum |
| NZDCAD | 4.5 | No Minimum | 3.5 | No Minimum |
| NZDCHF | 4.4 | No Minimum | 3.6 | No Minimum |
| NZDJPY | 4.4 | No Minimum | 3.6 | No Minimum |
| NZDUSD | 2.4 | No Minimum | 1.6 | No Minimum |
| USDCAD | 2.3 | No Minimum | 1.7 | No Minimum |
| USDCHF | 1.9 | No Minimum | 1.9 | No Minimum |
| USDCNH | 15.0 | No Minimum | 15.0 | No Minimum |
| USDJPY | 1.5 | No Minimum | 1.3 | No Minimum |
| USDSGD | 15.0 | No Minimum | 15.0 | No Minimum |
| USDTRYV | 9.0 | No Minimum | 9.0 | No Minimum |
i. ICM Capital Trading Hours: Sunday - Friday (22:00 - 22:00) Server Time
ii. Min and Max Lots per trade: 0.01 lots - 500 lots
iii. All contract size is 100,000 of the base currency
iv. Subject to change without prior notice
v. Leverage USDTRY 1:25, EURTRY 1:15. Swaps will be charged on these currency pairs even if a swap-free setting is enabled. We reserve the right to stop out accounts trading these currency pairs at 10%.
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 $790.
| Metals/US$ | 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 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% | EUR 0.80 | 80 cents |
| 22:00 - 23:00 (Daily break) | |||||
| SILVEREURO Spot | 23:01 - 22:00 (Sun - Fri) | 5,000 Troy oz | 1% | 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 | 25 | 10 | 10 Cents | $4,000 |
| AIG | American International Group | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| BA | Boeing Corp | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| CAT | Caterpillar Inc. | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| C | Citigroup Inc. | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| GE | General Electric Co | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| IBM | International Business Machines | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| MSFT | Microsoft Corporation | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| PFE | Pfizer Inc. | 1,000 Shares | 25 | 10 | 10 Cents | $4,000 |
| DIS | Walt Disney Company | 1,000 Shares | 25 | 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
|
|
|
|
|
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Thu
|
14:31
|
20:59
|
|
|
|
|
|
Fri
|
14:31
|
20:59
|
|
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|
|
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 | 22:00 | 23:00 | |||||
| Tue | 22:00 | 23:00 | |||||
| Wed | 22:00 | 23:00 | |||||
| Thu | 22:00 | 23:00 | |||||
| Fri | 22:00 |
| Contract Expiry Date | |||
|---|---|---|---|
| Trading Month | Symbol | Starting Date | Expiry Date |
| DEC | @CL_Z6 | 12-Oct-16 | 18-Nov-16 |
| JAN | @CL_F7 | 11-Nov-16 | 19-Dec-16 |
| FEB | @CL_G7 | 12-Dec-16 | 19-Jan-17 |
| MAR | @CL_H7 | 12-Jan-17 | 20-Feb-17 |
| APR | @CL_J7 | 13-Feb-17 | 20-Mar-17 |
| MAY | @CL_K7 | 13-Mar-17 | 19-Apr-17 |
| JUN | @CL_M7 | 12-Apr-17 | 19-May-17 |
| JUL | @CL_N7 | 12-May-17 | 19-Jun-17 |
| AUG | @CL_Q7 | 12-Jun-17 | 19-Jul-17 |
| SEP | @CL_U7 | 12-Jul-17 | 21-Aug-17 |
| OCT | @CL_V7 | 14-Aug-17 | 19-Sep-17 |
| NOV | @CL_X7 | 12-Sep-17 | 19-Oct-17 |
| DEC | @CL_Z7 | 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 | 5 |
| Day | Open | Close | Re-Open | ||||
| Sun | 23:00 | ||||||
| Mon | 22:00 | 23:00 | |||||
| Tue | 22:00 | 23:00 | |||||
| Wed | 22:00 | 23:00 | |||||
| Thu | 22:00 | 23:00 | |||||
| Fri | 22:00 |
| Contract Expiry Date | |||
|---|---|---|---|
| Trading Month | Symbol | Starting Date | Expiry Date |
| DEC | @NG_Z6 | 19-Oct-16 | 25-Nov-16 |
| JAN | @NG_F7 | 18-Nov-16 | 27-Dec-16 |
| FEB | @NG_G7 | 20-Dec-16 | 26-Jan-17 |
| MAR | @NG_H7 | 19-Jan-17 | 23-Feb-17 |
| APR | @NG_J7 | 16-Feb-17 | 28-Mar-17 |
| MAY | @NG_K7 | 21-Mar-17 | 25-Apr-17 |
| JUN | @NG_M7 | 18-Apr-17 | 25-May-17 |
| JUL | @NG_N7 | 18-May-17 | 27-Jun-17 |
| AUG | @NG_Q7 | 20-Jun-17 | 26-Jul-17 |
| SEP | @NG_U7 | 19-Jul-17 | 28-Aug-17 |
| OCT | @NG_V7 | 21-Aug-17 | 26-Sep-17 |
| NOV | @NG_X7 | 19-Sep-17 | 26-Oct-17 |
| DEC | @NG_Z7 | 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 |
|---|---|---|---|---|---|---|---|
| @BR | OTC Brent Crude Future | 1,000 Barrels | $1,000 | 0.01 | $10.0 | 15 Cents | 5 |
| Day | Open | Close | |||||
| Mon | 01:01 | 21:59 | |||||
| Tue | 01:01 | 21:59 | |||||
| Wed | 01:01 | 21:59 | |||||
| Thu | 01:01 | 21:59 | |||||
| Fri | 01:01 | 21:59 |
| Contract Expiry Date | |||
|---|---|---|---|
| Trading Month | Symbol | Starting Date | Expiry Date |
| Dec | @BR_Z6 | 21-Sep-16 | 28-Oct-16 |
| JAN | @BR_F7 | 21-Oct-16 | 29-Nov-16 |
| FEB | @BR_G7 | 22-Nov-16 | 28-Dec-16 |
| MAR | @BR_H7 | 21-Dec-16 | 30-Jan-17 |
| APR | @BR_J7 | 23-Jan-17 | 27-Feb-17 |
| MAY | @BR_K7 | 20-Feb-17 | 30-Mar-17 |
| JUN | @BR_M7 | 23-Mar-17 | 27-Apr-17 |
| JUL | @BR_N7 | 20-Apr-17 | 30-May-17 |
| AUG | @BR_Q7 | 23-May-17 | 29-Jun-17 |
| SEP | @BR_U7 | 22-Jun-17 | 28-Jul-17 |
| OCT | @BR_V7 | 21-Jul-17 | 30-Aug-17 |
| NOV | @BR_X7 | 23-Aug-17 | 28-Sep-17 |
| DEC | @BR_Z7 | 21-Sep-17 | 30-Oct-17 |
i. All above instruments are on market execution
ii. All times are based on ICM Capital Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products
| Ticker | Description | Contract Size | Margin Req. | Min. Fluctuation | Pip Value | Limits/stops pending orders can be placed from market price | ICM Typical spread |
|---|---|---|---|---|---|---|---|
| @ES | OTC E-Mini S&P 500 Index Future | 50$ 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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
| Symbol | Description | Contract Size | Tick Size | Tick Value | Margin Percent |
|---|---|---|---|---|---|
| #BRENT | UK Brent Oil Spot CFD | 1 USD | 100 | 0.001 | 0.1 | 2 |
| #WTI | WTI Crude Oil Spot CFD | 1 USD | 100 | 0.001 | 0.1 | 2 |
| #DOW30 | US Dow30 Spot Index CFD | 1 USD | 1 | 0.1 | 0.1 | 2 |
| #Euro50 | Euro Stoxx 50 Spot Index CFD | 1 EUR | 1 | 0.01 | 0.01 | 2 |
| #Germany30 | Germany DAX30 Spot Index CFD | 1 EUR | 1 | 0.1 | 0.1 | 2 |
| #Japan225 | Japan Nikkei225 Spot Index CFD | 1 USD | 1 | 0.1 | 0.1 | 2 |
| #UK100 | UK FTSE100 Spot Index CFD | 1 GBP | 1 | 0.1 | 0.1 | 2 |
| #US500 | US S&P500 Spot Index CFD | 1 USD | 1 | 0.01 | 0.01 | 2 |
| #USTech100 | US NASDAQ100 Spot Index CFD | 1 USD | 1 | 0.1 | 0.1 | 2 |
| #France40 | France CAC40 Spot Index CFD | 1 EUR | 1 | 0.1 | 0.1 | 4 |
| #ITL40 | Italy 40 Spot Index CFD | 1 EUR | 1 | 0.1 | 0.1 | 4 |
| #Spain35 | Spain IBEX35 Spot Index CFD | 1 EUR | 1 | 0.1 | 0.1 | 4 |
| #Swiss20 | Swiss 20 Spot Index CFD | 1 CHF | 1 | 1 | 1 | 4 |
i. Min and Max Lots per trade: 1 lot - 5000 lots
Swap Policy
ICM Capital offers Islamic accounts to clients following 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 against Islamic faith.
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.
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.
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