Specifications

  • Foreign Exchange ICM Direct ICM Direct Limits/stops pending orders can be placed from market price
    AUDCAD 4.3 No Minimum
    AUDCHF 4.2 No Minimum
    AUDJPY 4.0 No Minimum
    AUDNZD 4.5 No Minimum
    AUDUSD 1.9 No Minimum
    CADCHF 4.0 No Minimum
    CADJPY 3.5 No Minimum
    CHFJPY 4.0 No Minimum
    EURAUD 4.3 No Minimum
    EURCAD 4.2 No Minimum
    EURCHF 3.0 No Minimum
    EURGBP 1.9 No Minimum
    EURJPY 2.5 No Minimum
    EURNZD 4.8 No Minimum
    EURSGD 15.0 No Minimum
    EURTRYV 13.0 No Minimum
    EURUSD 1.3 No Minimum
    GBPAUD 4.8 No Minimum
    GBPCAD 4.7 No Minimum
    GBPCHF 4.4 No Minimum
    GBPJPY 3.5 No Minimum
    GBPNZD 6.4 No Minimum
    GBPSGD 22.0 No Minimum
    GBPUSD 2.3 No Minimum
    NZDCAD 4.5 No Minimum
    NZDCHF 4.4 No Minimum
    NZDJPY 4.4 No Minimum
    NZDUSD 2.4 No Minimum
    USDCAD 2.3 No Minimum
    USDCHF 1.9 No Minimum
    USDCNH 15.0 No Minimum
    USDJPY 1.5 No Minimum
    USDSGD 15.0 No Minimum
    USDTRYV 9.0 No Minimum
    i. ICM 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.

    Swap Policy

    ICM Tradr 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 reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM 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.

  • Metals/US$ ICM Trading Hours Contract size Margin Requirement ICM Direct Typical Spread* ICM Direct Limits/stops pending orders can be placed from market price
    GOLD Spot 23:01 - 22:00 (Sun - Fri)
    /22:00 - 23:00 (Daily break)
    100
    Troy oz
    0.5% $0.35 No Minimum
    SILVER Spot 23:01 - 22:00 (Sun - Fri)
    /22:00 - 23:00 (Daily break)
    5,000
    Troy oz
    1% $0.04 No Minimum
    Metals/EUR€ ICM 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)
    /22:00 - 23:00 (Daily break)
    100
    Troy oz
    0.5% EUR 0.80 80 cents
    SILVEREURO Spot 23:01 - 22:00 (Sun - Fri)
    /22:00 - 23:00 (Daily break)
    5,000
    Troy oz
    1% EUR 0.04 10 cents
    i. All times are based on ICM 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

    Swap Policy

    ICM 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 reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM 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.

  • Symbol Description Contract Size Spread Pip Value Spread on orders from the market price Margin Requirement
    MMM 3M Company 100 Shares 25 1 10 cents $4,000
    AIG American International Group 100 Shares 25 1 10 cents $4,000
    CAT Caterpillar Inc. 100 Shares 25 1 10 cents $4,000
    C Citigroup Inc. 100 Shares 25 1 10 cents $4,000
    GE General Electric Co 100 Shares 25 1 10 cents $4,000
    IBM International Business Machines 100 Shares 25 1 10 cents $4,000
    MSFT Microsoft Corporation 100 Shares 25 1 10 cents $4,000
    PFE Pfizer Inc. 100 Shares 25 1 10 cents $4,000
    DIS Walt Disney Company 100 Shares 25 1 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 100 Shares $4,000 1 15 pips 35 cents
    GOOGL Google Inc 100 Shares $4,000 1 15 pips 120 cents
    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
    i. All above instruments are on market execution ii. Fully Automated iii. All times are based on ICM Server time iv. Subject to change without prior notice v. No commission charged for all above products (excludes China)

    Swap Policy

    ICM 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 reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM 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.

  • 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
    Sunday 23:00
    Monday 22:00 23:00
    Tuesday 22:00 23:00
    Wednesday 22:00 23:00
    Thursday 22:00 23:00
    Friday 22:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @CL_Z7 12-Oct-17 17-Nov-17
    JAN @CL_F8 10-Nov-17 18-Dec-17
    FEB @CL_G8 11-Dec-17 19-Jan-18
    MAR @CL_H8 12-Jan-18 19-Feb-18
    APR @CL_J8 12-Feb-18 19-Mar-18
    MAY @CL_K8 12-Mar-18 19-Apr-18
    JUN @CL_M8 12-Apr-18 21-May-18
    JUL @CL_N8 14-May-18 19-Jun-18
    AUG @CL_Q8 12-Jun-18 19-Jul-18
    SEP @CL_U8 12-Jul-18 20-Aug-18
    OCT @CL_V8 13-Aug-18 19-Sep-18
    NOV @CL_X8 12-Sep-18 19-Oct-18
    DEC @CL_Z8 12-Oct-18 16-Nov-18
    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
    Sunday 23:00
    Monday 22:00 23:00
    Tuesday 22:00 23:00
    Wednesday 22:00 23:00
    Thursday 22:00 23:00
    Friday 22:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @NG_Z7 19-Oct-17 27-Nov-17
    JAN @NG_F8 20-Nov-17 26-Dec-17
    FEB @NG_G8 19-Dec-17 26-Jan-18
    MAR @NG_H8 19-Jan-18 23-Feb-18
    APR @NG_J8 16-Feb-18 26-Mar-18
    MAY @NG_K8 19-Mar-18 25-Apr-18
    JUN @NG_M8 18-Apr-18 28-May-18
    JUL @NG_N8 21-May-18 26-Jun-18
    AUG @NG_Q8 19-Jun-18 26-Jul-18
    SEP @NG_U8 19-Jul-18 28-Aug-18
    OCT @NG_V8 21-Aug-18 25-Sep-18
    NOV @NG_X8 18-Sep-18 26-Oct-18
    DEC @NG_Z8 19-Oct-18 27-Nov-18
    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
    Monday 01:01 21:59
    Tuesday 01:01 21:59
    Wednesday 01:01 21:59
    Thursday 01:01 21:59
    Friday 01:01 21:59

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    Dec @BR_Z7 21-Sep-17 30-Oct-17
    JAN @BR_F8 23-Oct-17 29-Nov-17
    FEB @BR_G8 22-Nov-17 27-Dec-17
    MAR @BR_H8 20-Dec-17 30-Jan-18
    APR @BR_J8 23-Jan-18 27-Feb-18
    MAY @BR_K8 20-Feb-18 28-Mar-18
    JUN @BR_M8 21-Mar-18 27-Apr-18
    JUL @BR_N8 20-Apr-18 30-May-18
    AUG @BR_Q8 23-May-18 28-Jun-18
    SEP @BR_U8 21-Jun-18 30-Jul-18
    OCT @BR_V8 23-Jul-18 30-Aug-18
    NOV @BR_X8 23-Aug-18 27-Sep-18
    DEC @BR_Z8 20-Sep-18 30-Oct-18
    i. All above instruments are on market execution
    ii. All times are based on ICM Server time
    iii. Subject to change without prior notice
    iv. No commission charged for all above products

    Swap Policy

    ICM 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 reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM 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.

  • Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical Spread
    @SP OTC E-Mini S&P 500 Index Future $50 X Index Value $1,000 0.25 $12.5 50 Cents 1.25
    Day Open Close Daily Breaks
    Sunday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Monday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Tuesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Wednesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Thursday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Friday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @SP_Z7 07-Sep-17 14-Dec-17
    MAR @SP_H8 07-Dec-17 15-Mar-18
    JUN @SP_M8 08-Mar-18 14-Jun-18
    SEP @SP_U8 07-Jun-18 20-Sep-18
    DEC @SP_Z8 13-Sep-18 20-Dec-18
    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 $10.0 10 Points 5
    Day Open Close Daily Breaks
    Sunday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Monday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Tuesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Wednesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Thursday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Friday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @DJ_Z7 7-Sep-17 27-Nov-17
    MAR @DJ_H8 7-Dec-17 15-Mar-18
    JUN @DJ_M8 8-Mar-18 14-Jun-18
    SEP @DJ_U8 7-Jun-18 20-Sep-18
    DEC @DJ_Z8 13-Sep-18 20-Dec-18
    Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical Spread
    @DJm OTC Mini Dow Jones $5 per full point $1,000 1 point $5 10 Points 5
    >
    Day Open Close Daily Breaks
    Sunday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Monday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Tuesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Wednesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Thursday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Friday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @DJm_Z7 7-Sep-17 14-Dec-17
    MAR @DJm_H8 7-Dec-17 15-Mar-18
    JUN @DJm_M8 8-Mar-18 14-Jun-18
    SEP @DJm_U8 7-Jun-18 20-Sep-18
    DEC @DJm_Z8 13-Sep-18 20-Dec-18
    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 1.25
    >
    Day Open Close Daily Breaks
    Sunday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Monday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Tuesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Wednesday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Thursday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00
    Friday 23:00 22:00 21:15 – 21:30 and 22:00 – 23:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @NQ_Z7 7-Sep-17 14-Dec-17
    MAR @NQ_H8 7-Dec-17 15-Mar-18
    JUN @NQ_M8 8-Mar-18 14-Jun-18
    SEP @NQ_U8 7-Jun-18 20-Sep-18
    DEC @NQ_Z8 13-Sep-18 20-Dec-18
    Ticker Description Contract Size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical Spread
    @FTSE OTC FTSE 100 Index Future GBP 10 X FTSE 100 Index $2,500 0.50 Points 5 GBP 5 Index points 300
    Day Open Close
    Monday 7:00 21:00
    Tuesday 7:00 21:00
    Wednesday 7:00 21:00
    Thursday 7:00 21:00
    Friday 7:00 21:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    DEC @FTSE_Z7 7-Sep-17 14-Dec-17
    MAR @FTSE_H8 7-Dec-17 15-Mar-18
    JUN @FTSE_M8 8-Mar-18 14-Jun-18
    SEP @FTSE_U8 7-Jun-18 20-Sep-18
    DEC @FTSE_Z8 -- --
    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 500
    Day Open Close
    Monday 7:00 21:00
    Tuesday 7:00 21:00
    Wednesday 7:00 21:00
    Thursday 7:00 21:00
    Friday 7:00 21:00

    Contract Expiry Date

    Trading Month Symbol Starting Date Expiry Date
    Dec @DAX_Z7 7-Sep-17 14-Dec-17
    MAR @DAX_H8 7-Dec-17 15-Mar-18
    JUN @DAX_M8 9-Mar-18 14-Jun-18
    SEP @DAX_U8 7-Jun-18 20-Sep-18
    DEC @DAX_Z8 -- --
    i. All above instruments are on market execution
    ii. All times are based on ICM Server time
    iii. Subject to change without prior notice
    iv. No commission charged for all above products

    Swap Policy

    ICM 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 reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM 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.

  • Symbol Description Contract size Tick Size Tick Value Margin Percent
    BTCUSD Bitcoin CFD | 1 USD 1 0.01 0.01 50
    i. Swaps will be charged on this product even if a swap-free setting is enabled.
    ii. Trading Hours are Sunday 22:05 to Friday 20:55 GMT
    iii. 0.5 is the maximum lots per trade

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