Trading Tools

Trading Tools

At ICM we continuously strive to offer services that support you when trading with us. That includes our Pip Calculator which helps 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 only a few seconds. In addition, you can access our Economic Calendar to help you to track the occurrence of market-moving events. You can use the Trading Signals feature on the MT4 platform which helps you subscribe to the signal feeds of other traders also using the system.

 

Economic Calendar

GMT Currency Event Actual Forecast Previous Imp.
07:00 SGD CPI (YoY) (Dec)   -0.1% -0.1%
08:45 EUR ECB President Lagarde Speaks         
09:00 EUR German Business Expectations (Jan)   93.2 92.8
09:00 EUR German Current Assessment (Jan)   90.6 91.3
09:00 EUR German Ifo Business Climate Index (Jan)   91.8 92.1
10:40 EUR German 12-Month Bubill Auction      
11:00 MXN Unemployment Rate (Dec)     4.50%
11:00 BRL FGV Consumer confidence (Jan)     78.5
11:25 BRL BCB Focus Market Readout      
12:00 MXN 1st Half-Month Core CPI (Jan)     0.52%
12:00 MXN 1st Half-Month CPI (Jan)     0.34%
12:00 MXN Economic Activity (YoY) (Nov)   -4.50% -5.30%
12:00 MXN Economic Activity (MoM) (Nov)   0.30% 1.60%
13:00 BRL CAGED Net Payroll Jobs     415.00K
13:30 USD Chicago Fed National Activity (Dec)     0.27
14:00 EUR French 12-Month BTF Auction     -0.614%
14:00 EUR French 3-Month BTF Auction     -0.625%
14:00 EUR French 6-Month BTF Auction     -0.621%
15:30 USD Dallas Fed Mfg Business Index (Jan)     9.7
16:15 EUR ECB President Lagarde Speaks         
16:30 USD 3-Month Bill Auction     0.085%
16:30 USD 6-Month Bill Auction     0.095%
18:00 USD 2-Year Note Auction     0.137%
23:00 KRW GDP (QoQ) (Q4)     0.7% 2.1%
23:00 KRW GDP (YoY) (Q4)     -1.7% -1.1%
23:50 JPY Monetary Policy Meeting Minutes      
GMT Currency Event Actual Forecast Previous Imp.
02:00 NZD Credit Card Spending (YoY)     -5.6%
05:00 JPY BoJ Core CPI (YoY)     -0.1%
05:00 SGD Industrial Production (MoM) (Dec)   -0.6% 7.2%
05:00 SGD Industrial Production (YoY) (Dec)   11.5% 17.9%
07:00 GBP Average Earnings ex Bonus (Nov)   3.1% 2.8%
07:00 GBP Average Earnings Index +Bonus (Nov)   2.9% 2.7%
07:00 GBP Claimant Count Change (Dec)     64.3K
07:00 GBP Employment Change 3M/3M (MoM) (Nov)   -100K -144K
07:00 GBP Unemployment Rate (Nov)   5.1% 4.9%
08:00 EUR Spanish PPI (YoY)     -2.8%
08:30 HKD Trade Balance     -25.6B
09:00 HKD Exports (MoM) (Dec)     5.6%
09:00 HKD Imports (MoM) (Dec)     5.1%
09:30 ZAR Business Confidence     93.4
10:45 GBP 30-Year Treasury Gilt Auction     0.840%
11:00 GBP CBI Distributive Trades Survey (Jan)     -3
11:00 BRL BCB Copom Meeting Minutes      
11:00 BRL FGV Consumer confidence (Jan)     78.5
12:00 GBP Steel Production (Metric Ton) (Dec)     702.20K
12:00 MXN Retail Sales (YoY) (Nov)     -7.1%
12:00 MXN Retail Sales (MoM) (Nov)     -1.4%
12:00 BRL Mid-Month CPI (MoM) (Jan)     1.06%
12:00 BRL Mid-Month CPI (YoY) (Jan)     4.23%
13:55 USD Redbook (YoY)     2.2%
13:55 USD Redbook (MoM)     -2.5%
14:00 USD House Price Index (YoY) (Nov)     10.2%
14:00 USD House Price Index (MoM) (Nov)     1.5%
14:00 USD House Price Index (Nov)     307.0
14:00 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Nov)   1.1% 1.6%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (MoM) (Nov)     1.3%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Nov)   8.1% 7.9%
15:00 USD CB Consumer Confidence (Jan)   89.0 88.6
15:00 USD Richmond Manufacturing Index (Jan)     19
15:00 USD Richmond Manufacturing Shipments (Jan)     12
15:00 USD Richmond Services Index (Jan)     -9
15:30 USD Dallas Fed Services Revenues (Jan)     4.2
15:30 USD Texas Services Sector Outlook (Jan)     -4.3
18:00 USD 5-Year Note Auction     0.394%
18:00 USD 52-Week Bill Auction     0.110%
21:00 KRW Consumer Confidence (Jan)     89.8
21:30 USD API Weekly Crude Oil Stock     2.562M
23:30 AUD MI Leading Index (MoM)     0.5%
GMT Currency Event Actual Forecast Previous Imp.
00:01 GBP BRC Shop Price Index (YoY)     -1.8%
00:30 AUD CPI (QoQ) (Q4)   0.7% 1.6%
00:30 AUD CPI (YoY) (Q4)   0.7% 0.7%
00:30 AUD CPI Index Number (Q4)     116.20
00:30 AUD NAB Business Confidence (Dec)     12
00:30 AUD NAB Business Survey (Dec)     9
00:30 AUD Trimmed Mean CPI (QoQ) (Q4)   0.4% 0.4%
00:30 AUD Trimmed Mean CPI (YoY) (Q4)   1.2% 1.2%
00:30 AUD Weighted mean CPI (YoY) (Q4)   1.2% 1.3%
00:30 AUD Weighted mean CPI (QoQ) (Q4)   0.4% 0.3%
01:30 CNY Chinese Industrial profit (YoY) (Dec)     15.50%
01:30 CNY Chinese Industrial profit YTD (Dec)     2.4%
05:00 JPY Coincident Indicator (MoM) (Dec)   -0.3% 1.0%
05:00 JPY Leading Index   96.6 94.3
07:00 EUR GfK German Consumer Climate (Feb)   -7.9 -7.3
07:45 EUR French Consumer Confidence (Jan)   94 95
08:00 EUR Spanish Unemployment Rate     16.26%
09:00 EUR Italian Trade Balance Non-EU (Dec)     6.68B
09:00 CHF ZEW Expectations (Jan)     46.8
10:40 EUR German 10-Year Bund Auction     -0.520%
10:45 EUR Italian 6-Month BOT Auction     -0.520%
11:00 EUR France Jobseekers Total     3,586.3K
11:30 INR M3 Money Supply     12.5%
12:00 USD MBA 30-Year Mortgage Rate     2.92%
12:00 USD MBA Mortgage Applications (WoW)     -1.9%
12:00 USD MBA Purchase Index     348.2
12:00 USD Mortgage Market Index     946.8
12:00 USD Mortgage Refinance Index     4,484.2
13:30 USD Core Durable Goods Orders (MoM) (Dec)   0.5% 0.4%
13:30 USD Durable Goods Orders (MoM) (Dec)   0.9% 1.0%
13:30 USD Durables Excluding Defense (MoM) (Dec)     0.8%
13:30 USD Goods Orders Non Defense Ex Air (MoM) (Dec)   0.5% 0.5%
15:00 BRL Foreign Exchange Flows     2.914B
15:30 USD Crude Oil Inventories   -1.167M 4.351M
15:30 USD EIA Refinery Crude Runs (WoW)     0.110M
15:30 USD Crude Oil Imports     0.566M
15:30 USD Cushing Crude Oil Inventories     -4.727M
15:30 USD Distillate Fuel Production     -0.132M
15:30 USD EIA Weekly Distillates Stocks   1.214M 0.458M
15:30 USD Gasoline Production     1.373M
15:30 USD Heating Oil Stockpiles     0.391M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW)   -0.4% 0.5%
15:30 USD Gasoline Inventories   2.771M -0.260M
19:00 USD FOMC Statement      
19:00 USD Fed Interest Rate Decision   0.25% 0.25%
19:30 USD FOMC Press Conference         
21:00 KRW Manufacturing BSI Index (Feb)     78
21:45 NZD Exports (Dec)     5.20B
21:45 NZD Imports (Dec)     4.95B
21:45 NZD Trade Balance (MoM) (Dec)     252M
21:45 NZD Trade Balance (YoY) (Dec)     3,260M
23:50 JPY Foreign Bonds Buying     272.4B
23:50 JPY Foreign Investments in Japanese Stocks     169.9B
23:50 JPY Retail Sales (YoY) (Dec)   -0.4% 0.6%
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD Export Price Index (QoQ) (Q4)     -5.1%
00:30 AUD Import Price Index (QoQ) (Q4)     -3.5%
02:30 SGD Unemployment Rate (Q4)     3.6%
05:15 EUR ECB's Schnabel Speaks         
07:00 CHF Trade Balance (Dec)     4.458B
07:00 NOK Core Retail Sales (MoM) (Dec)   -2.0% 2.9%
07:00 NOK Unemployment Rate (Nov)   5.2% 5.2%
08:00 EUR Spanish Unemployment Rate (Q4)   16.60% 16.26%
08:00 EUR ECB's Enria Speaks         
09:00 EUR Italian Business Confidence (Jan)   95.6 95.9
09:00 EUR Italian Consumer Confidence (Jan)   100.5 102.4
09:30 ZAR PPI (MoM) (Dec)   0.3% 0.4%
09:30 ZAR PPI (YoY) (Dec)   2.8% 3.0%
10:00 EUR Business Climate (Jan)     -0.41
10:00 EUR Consumer Confidence     -15.5
10:00 EUR Consumer Inflation Expectation     14.8
10:00 EUR Services Sentiment     -17.4
10:00 EUR Industrial Sentiment     -7.2
10:45 EUR Italian 5-Year BTP Auction     0.01%
11:00 EUR Italian 10-Year BTP Auction     0.59%
11:00 BRL IGP-M Inflation Index (MoM) (Jan)   1.13% 0.96%
12:00 MXN Trade Balance (Dec)   4.566B 3.032B
12:00 MXN Trade Balance (USD) (Dec)     3.752B
12:00 BRL Unemployment Rate     14.3%
12:30 BRL Bank lending (MoM)     2.0%
13:00 EUR German CPI (MoM) (Jan)     0.4% 0.5%
13:00 EUR German CPI (YoY) (Jan)     0.7% -0.3%
13:00 EUR German HICP (MoM) (Jan)     0.3% 0.6%
13:00 EUR German HICP (YoY) (Jan)     0.5% -0.7%
13:30 USD Continuing Jobless Claims   5,400K 5,054K
13:30 USD Core PCE Prices (Q4)   1.40% 3.40%
13:30 USD GDP (QoQ) (Q4)     4.0% 33.4%
13:30 USD GDP Price Index (QoQ) (Q4)     2.4% 3.7%
13:30 USD GDP Sales (Q4)     25.9%
13:30 USD Goods Trade Balance (Dec)     -85.49B
13:30 USD Initial Jobless Claims   878K 900K
13:30 USD Jobless Claims 4-Week Avg.     848.00K
13:30 USD PCE Prices (Q4)     3.7%
13:30 USD Real Consumer Spending (Q4)     41.0%
13:30 USD Retail Inventories Ex Auto (Dec)     0.2%
13:30 USD Wholesale Inventories (MoM)       0.0%
13:30 CAD Building Permits (MoM) (Dec)     12.9%
13:30 EUR Italian 10-Year BTP Auction     0.59%
15:00 USD New Home Sales (Dec)   860K 841K
15:00 USD New Home Sales (MoM) (Dec)   1.5% -11.0%
15:00 USD US Leading Index (MoM) (Dec)   0.3% 0.6%
15:30 USD Natural Gas Storage   -174B -187B
16:00 USD KC Fed Composite Index (Jan)     14
16:00 USD KC Fed Manufacturing Index (Jan)     12
16:30 USD 4-Week Bill Auction     0.070%
16:30 USD 8-Week Bill Auction     0.080%
18:00 USD 7-Year Note Auction     0.662%
23:00 KRW Industrial Production (YoY) (Dec)     0.5%
23:00 KRW Industrial Production (MoM) (Dec)     0.3%
23:00 KRW Retail Sales (MoM)     -1.0%
23:00 KRW Service Sector Output (MoM) (Dec)     0.7%
23:30 JPY Jobs/applications ratio (Dec)   1.06 1.06
23:30 JPY Tokyo Core CPI (YoY) (Jan)   -0.6% -0.9%
23:30 JPY Tokyo CPI (YoY) (Jan)     -1.3%
23:30 JPY CPI Tokyo Ex Food and Energy (MoM) (Jan)     -0.1%
23:30 JPY Unemployment Rate (Dec)   3.0% 2.9%
23:50 JPY BoJ Summary of Opinions      
23:50 JPY Industrial Production (MoM) (Dec)     -1.5% -0.5%
23:50 JPY Industrial Production forecast 1m ahead (MoM) (Jan)     -1.1%
23:50 JPY Industrial Production forecast 2m ahead (MoM) (Feb)     7.1%
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD CPI (YoY)     0.7%
00:30 AUD CPI Index Number     116.20
00:30 AUD Housing Credit (Dec)     0.3%
00:30 AUD PPI (YoY) (Q4)     -0.4%
00:30 AUD PPI (QoQ) (Q4)     0.4%
00:30 AUD Private Sector Credit (MoM) (Dec)     0.1%
00:30 AUD Weighted mean CPI (YoY)     1.3%
00:30 AUD Weighted mean CPI (QoQ)     0.3%
02:00 SGD Bank Lending (Dec)     676.7B
04:00 IDR Foreign Direct Investment (YoY)     1.10%
04:00 IDR Foreign Direct Investment (YoY)     1.10%
04:00 IDR M2 Money Supply (YoY) (Dec)     12.20%
05:00 JPY Household Confidence (Jan)     31.8
05:00 SGD Business Expectations (Q4)     -3.00
06:00 ZAR M3 Money Supply (YoY) (Dec)     8.18%
06:00 ZAR Private Sector Credit (Dec)     3.38%
06:30 EUR French Consumer Spending (MoM) (Dec)   16.0% -18.9%
06:30 EUR French GDP (QoQ) (Q4)     -4.0% 18.7%
07:00 GBP Nationwide HPI (MoM)     0.8%
07:00 GBP Nationwide HPI (YoY)     7.3%
07:00 EUR German Import Price Index (MoM) (Dec)   1.0% 0.5%
07:00 EUR German Import Price Index (YoY) (Dec)   -3.2% -3.8%
07:00 NOK Credit Indicator (YoY) (Dec)     4.7%
07:45 EUR French PPI (MoM) (Dec)     1.7%
08:00 CHF KOF Leading Indicators (Jan)   102.0 104.3
08:00 EUR Spanish CPI (YoY)       -0.5%
08:00 EUR Spanish CPI (MoM)       0.2%
08:00 EUR Spanish GDP (QoQ) (Q4)     -1.5% 16.4%
08:00 EUR Spanish GDP (YoY) (Q4)     -10.7% -9.0%
08:00 EUR Spanish HICP (MoM)       0.2%
08:00 EUR Spanish HICP (YoY) (Jan)   -0.6% -0.6%
08:00 EUR Spanish Retail Sales (YoY) (Dec)     -4.3%
08:30 HKD GDP (YoY)       -3.5%
08:30 HKD GDP (YoY)       -3.5%
08:30 HKD M3 Money Supply (Dec)     6.5%
09:00 EUR Italian PPI (MoM) (Dec)     -0.2%
09:00 EUR Italian PPI (YoY) (Dec)     -2.3%
09:00 EUR German GDP (QoQ) (Q4)       8.5%
09:00 EUR German GDP (YoY) (Q4)     -3.4% -3.9%
09:00 EUR German Unemployment Change (Jan)   3K -37K
09:00 EUR German Unemployment Rate (Jan)   6.1% 6.1%
09:00 EUR German Unemployment (Jan)     2.776M
09:00 EUR German Unemployment n.s.a. (Jan)     2.707M
09:00 EUR Spanish Current account (Nov)     1.29B
09:00 NOK Unemployment Rate n.s.a. (Jan)   4.30% 3.80%
09:00 EUR Private Sector Loans (YoY)     3.1%
10:00 INR Federal Fiscal Deficit (Dec)     10,755.07B
10:00 EUR M3 Money Supply (YoY) (Dec)   11.2% 11.0%
10:00 EUR Loans to Non Financial Corporations (Dec)     6.9%
11:30 INR Bank Loan Growth     6.7%
11:30 INR Deposit Growth     11.5%
11:30 INR FX Reserves, USD     584.24B
12:00 MXN GDP (QoQ)       12.1%
12:00 MXN GDP (YoY)       -8.6%
12:00 INR GDP Annual     4.2%
12:00 INR Infrastructure Output (YoY) (Dec)     -2.6%
12:00 BRL Brazilian PPI (MoM) (Dec)     1.39%
12:00 ZAR Trade Balance (Dec)   23.00B 36.72B
12:30 BRL Debt-to-GDP ratio (Dec)     61.4%
12:30 BRL Budget Balance (Dec)     -20.100B
12:30 BRL Budget Surplus (Dec)     -18.100B
13:30 USD Core PCE Price Index (YoY) (Dec)   1.3% 1.4%
13:30 USD Core PCE Price Index (MoM) (Dec)   0.1%  
13:30 USD Employment Benefits (QoQ) (Q4)     0.60%
13:30 USD Employment Cost Index (QoQ) (Q4)   0.5% 0.5%
13:30 USD Employment Wages (QoQ) (Q4)     0.40%
13:30 USD PCE Price index (YoY) (Dec)     1.1
13:30 USD PCE price index (MoM) (Dec)      
13:30 USD Personal Income (MoM) (Dec)   0.1% -1.1%
13:30 USD Personal Spending (MoM) (Dec)   -0.4% -0.4%
13:30 USD Real Personal Consumption (MoM) (Dec)     -0.4%
13:30 CAD GDP (MoM) (Nov)   0.4% 0.4%
13:30 CAD IPPI (MoM) (Dec)     -0.6%
13:30 CAD IPPI (YoY) (Dec)     0.7%
13:30 CAD RMPI (MoM) (Dec)     0.6%
13:30 CAD RMPI (YoY) (Dec)     -1.7%
14:45 USD Chicago PMI (Jan)   58.0 58.7
14:52 JPY Construction Orders (YoY) (Dec)     -4.7%
14:52 JPY Housing Starts (YoY) (Dec)   -3.8% -3.7%
15:00 USD Michigan 5-Year Inflation Expectations (Jan)       2.70%
15:00 USD Michigan Consumer Expectations (Jan)       73.8
15:00 USD Michigan Consumer Sentiment (Jan)     79.2 79.2
15:00 USD Michigan Current Conditions (Jan)       87.7
15:00 USD Michigan Inflation Expectations (Jan)       3.0%
15:00 USD Pending Home Sales (MoM) (Dec)   -0.6% -2.6%
15:00 USD Pending Home Sales Index (Dec)     125.7
15:00 BRL Federal Tax Revenue     140.10B
16:00 CAD Budget Balance (Nov)     -18.51B
16:00 CAD Budget Balance (YoY) (Nov)     -216.62B
17:00 USD Dallas Fed PCE (Dec)     0.50%
18:00 USD U.S. Baker Hughes Oil Rig Count     287
18:00 USD U.S. Baker Hughes Total Rig Count     373
20:30 GBP CFTC GBP speculative net positions     13.7K
20:30 USD CFTC Aluminium speculative net positions     3.1K
20:30 USD CFTC Copper speculative net positions     68.1K
20:30 USD CFTC Corn speculative net positions     528.7K
20:30 USD CFTC Crude Oil speculative net positions     508.6K
20:30 USD CFTC Gold speculative net positions     246.6K
20:30 USD CFTC Nasdaq 100 speculative net positions     31.6K
20:30 USD CFTC Natural Gas speculative net positions     14.0K
20:30 USD CFTC S&P 500 speculative net positions     -1.9K
20:30 USD CFTC Silver speculative net positions     52.0K
20:30 USD CFTC Soybeans speculative net positions     226.7K
20:30 USD CFTC Wheat speculative net positions     39.0K
20:30 CAD CFTC CAD speculative net positions     10.3K
20:30 MXN CFTC MXN speculative net positions     -7.7K
20:30 CHF CFTC CHF speculative net positions     9.4K
20:30 AUD CFTC AUD speculative net positions     4.9K
20:30 BRL CFTC BRL speculative net positions     -7.1K
20:30 JPY CFTC JPY speculative net positions     50.0K
20:30 NZD CFTC NZD speculative net positions     16.0K
20:30 EUR CFTC EUR speculative net positions     163.5K
21:00 MXN Fiscal Balance (Dec)     -71.95B
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD Export Price Index (QoQ)     -5.1%
00:30 AUD Import Price Index (QoQ)     -3.5%

VPS hosting for forex trading

Our Virtual Private Server (VPS) is available for all new and existing clients who maintain a minimum balance of $4,000 or equivalent in EUR, GBP or SGD in their account. It allows expert advisors to be installed and operate without interruption 24 hours a day, whenever the markets are open. This is provided in partnership with Beeks FX, a global leader in VPS solutions. If you are a forex trader and would like access to one of the fastest VPS services in the industry, then please complete the short form below to find out more.

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Key Features

  • Free for accounts that maintain a $4,000 balance or equivalent in EUR, GBP or SGD
  • Increases trading speed
  • No required number of lots to be traded
  • 24/7 technical support directly with 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 (minimum)

What is a pip?

A pip is the minimum fluctuation of the instrument being priced. At ICM we have introduced 5 digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with 4 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. For example, if you wish to trade $100,000, this is the size of the trade. A forex lot is a representation of trade size in a different format. In this example, a standard lot would represent 100,000 of any currency.

EUR 100,000 = 1 standard lot Euro

ICM offers leverage of 1:200. However, while you can earn profits by using leverage, it 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 chances of such a scenario occurring, forex traders typically implement a trading style that includes the use of stop and limit orders.

To assist with accuracy, please ensure the numbers entered are in the required format and include the correct amount of digits. For example, if EUR/USD is quoted at 5 digits instead of 4.

Incorrect format: 1.3151/1.3153

Correct format: 1.31508/1.31524

In order to calculate the pivot point you must take the Open, High, Low and Close price located in the MetaTrader 4 platform, by using the 'Crosshair' (the + sign in 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 enables traders to maintain their open position and continue to achieve positive results as long as the price moves in their favoured direction. Once trailing stops have been fixed they do not have to be altered manually, unlike a stop loss.

Will the trailing stop work when I am offline?

When a trailing stop order is being placed, ensure the MetaTrader 4 client terminal is running and that your device is connected to the internet, as it will only remain active when you are online. Once the trading platform is closed, your trailing stop order will be deactivated, and your stop loss order will remain active if placed before the trailing stop.

If you are new to forex trading, micro lots are an ideal way for you to enter a fast-moving and exciting market with a daily turnover of over  $5 trillion a day. 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, every trader is treated equally irrespective of their deposit size, and we offer this type of trading to all clients, while also being available on both our demo and live MT4 platforms.

We are always looking for new ways to improve your trading environment and offer the highest standards of service. If you have any questions please feel free to get in touch with our Client Services team.

Apply for live account 

Key Features

  • Start and stop following signal providers in a matter of minutes
  • You can stop following a signal provider at any time
  • Follow multiple traders at once to diversify your strategies
  • Trades are directly linked to the client’s own platform and continue to be placed even when they are away from their system
  • Free demo version is available before going live

How to access trading signals

Becoming a signal provider

Advanced ICM traders also have the option to use trading signals. Simply register  here as a ‘Seller’ by completing the registration form. Once complete, you can sell signals to thousands of subscribers around the world. Please note, while there are no registration costs involved, it will take 30 days for your trade history to be reviewed by MetaQuotes before a fee can be added to your service.

Please read our helpful user guide on becoming a signal provider: User guide

Are trading signals secure?

The MetaQuotes software ensures each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signal are duplicated on the subscriber’s account to reflect 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?

Generally, if a signal provider has performed 100 or more trades it can be viewed as an active account. Clients should be aware of the drawdown percentage, with anything lower than 30% thought to be ideal.

Following signal providers with a steady growth rate is also advisable. However, if the growth rate reaches a high point in a short space of time, they could 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 a fee to receive their signal, you can have confidence the signal provider has used the 30 day trial period and has subsequently been verified by MetaQuotes, a process all traders must go through if they wish to charge for their signals.

How can I manage my risk with trading signals?

To manage risks treat each one as an individual trade and ensure parameters are also set to mitigate potential risk. Develop a strategy to decide how much of your account will be dedicated to each signal provider. Also ensure the strategy contains an exit plan along with rules of when you will stop tracking 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 provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM 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.
 

 

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