Specifications
Please note, that the contract specifications outlined on this page do not apply to ICM and ICM Europe. If you would like to view the contract specifications of ICM and ICM Europe, then please click on the links below:
ICM Europe
| Symbol | Description | Contract size | Tick Size | Tick Value | Margin Percent |
|---|---|---|---|---|---|
| BTCUSD | Bitcoin CFD | 1 USD | 1 | 0.01 | 0.01 | 50 |
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i. ICM Trading Hours: Sunday - Friday (22:00 - 22:00) Server TimeForeign 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
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 $790.Swap Policy
ICM offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
ICM reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM will invoke this right in case of suspicion of abuse, in which case ICM may, at its sole discretion, decide to close all open positions in the account and deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the Client to be exempted from SWAP. -
i. All times are based on ICM Server timeMetals/US$ 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 oz0.5% $0.35 No Minimum SILVER Spot 23:01 - 22:00 (Sun - Fri)
/22:00 - 23:00 (Daily break)5,000
Troy oz1% $0.04 No Minimum
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
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)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
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 JAN @CL_F9 8-Nov-18 14-Dec-18 FEB @CL_G9 7-Dec-18 18-Jan-19 MAR @CL_H9 11-Jan-19 18-Feb-19 APR @CL_J9 11-Feb-19 18-Mar-19 MAY @CL_K9 11-Mar-19 19-Apr-19 JUN @CL_M9 12-Apr-19 17-May-19 JUL @CL_N9 10-May-19 18-Jun-19 AUG @CL_Q9 11-Jun-19 19-Jul-19 SEP @CL_U9 12-Jul-19 16-Aug-19 OCT @CL_V9 9-Aug-19 18-Sep-19 NOV @CL_X9 11-Sep-19 18-Oct-19 DEC @CL_Z9 11-Oct-19 18-Nov-19 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 JAN @NG_F9 19-Nov-18 21-Dec-18 FEB @NG_G9 14-Dec-18 28-Jan-19 MAR @NG_H9 21-Jan-19 25-Feb-19 APR @NG_J9 18-Feb-19 26-Mar-19 MAY @NG_K9 19-Mar-19 25-Apr-19 JUN @NG_M9 18-Apr-19 28-May-19 JUL @NG_N9 21-May-19 25-Jun-19 AUG @NG_Q9 18-Jun-19 26-Jul-19 SEP @NG_U9 19-Jul-19 27-Aug-19 OCT @NG_V9 20-Aug-19 25-Sep-19 NOV @NG_X9 18-Sep-19 28-Oct-19 DEC @NG_Z9 21-Oct-19 25-Nov-19 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
i. All above instruments are on market executionTrading Month Symbol Starting Date Expiry Date JAN @BR_F9 22-Oct-18 29-Nov-18 FEB @BR_G9 22-Nov-18 26-Dec-18 MAR @BR_H9 19-Dec-18 30-Jan-19 APR @BR_J9 23-Jan-19 26-Feb-19 MAY @BR_K9 19-Feb-19 27-Mar-19 JUN @BR_M9 20-Mar-19 26-Apr-19 JUL @BR_N9 19-Apr-19 29-May-19 AUG @BR_Q9 22-May-19 26-Jun-19 SEP @BR_U9 19-Jun-19 29-Jul-19 OCT @BR_V9 26-Jul-19 28-Aug-19 NOV @BR_X9 21-Aug-19 27-Sep-19 DEC @BR_Z9 20-Sep-19 29-Oct-19
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 0.01 $0.5 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 MAR @SP_H9 12-Dec-18 13-Mar-19 JUN @SP_M9 6-Mar-19 19-Jun-19 SEP @SP_U9 12-Jun-19 18-Sep-19 DEC @SP_Z9 11-Sep-19 18-Dec-19 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 x Index value $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 MAR @DJ_H9 12-Dec-18 13-Mar-19 JUN @DJ_M9 6-Mar-19 19-Jun-19 SEP @DJ_U9 12-Jun-19 18-Sep-19 DEC @DJ_Z9 11-Sep-19 18-Dec-19 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 x Index value $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 MAR @DJm_H9 12-Dec-18 13-Mar-19 JUN @DJm_M9 6-Mar-19 19-Jun-19 SEP @DJm_U9 12-Jun-19 18-Sep-19 DEC @DJm_Z9 11-Sep-19 18-Dec-19 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 x Index value $1,000 0.01 $0.2 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 MAR @NQ_H9 12-Dec-18 13-Mar-19 JUN @NQ_M9 6-Mar-19 19-Jun-19 SEP @NQ_U9 12-Jun-19 18-Sep-19 DEC @NQ_Z9 11-Sep-19 18-Dec-19 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 8:00 21:00 Tuesday 8:00 21:00 Wednesday 8:00 21:00 Thursday 8:00 21:00 Friday 8:00 21:00 Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date MAR @FTSE_H9 13-Dec-18 13-Mar-19 JUN @FTSE_M9 6-Mar-19 19-Jun-19 SEP @FTSE_U9 12-Jun-19 18-Sep-19 DEC @FTSE_Z9 11-Sep-19 18-Dec-19 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
i. All above instruments are on market executionTrading Month Symbol Starting Date Expiry Date Dec @DAX_Z7 7-Sep-17 14-Dec-17 MAR @DAX_H9 13-Dec-18 13-Mar-19 JUN @DAX_M9 6-Mar-19 19-Jun-19 SEP @DAX_U9 12-Jun-19 18-Sep-19 DEC @DAX_Z9 11-Sep-19 18-Dec-19
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. - */?>
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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