Specifications

  • 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 26 No Minimum 26 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 9.4 No Minimum 8.4 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 18 No Minimum 18 No Minimum
    i. ICM Europe 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 1:20, EURTRY 1:20. Swaps will be charged on these currency pairs even if a swap-free setting is enabled. We reserve the right to initiate an automatic stop out on all open positions if the margin reaches 50%.
     

    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 1:30 leverage with an account currency denominated in USD
    1 lot = 100,000
    Leverage = 30
    Base currency/Account currency exchange rate = 1.33
    100,000/30 = 3333.33
    3,333.33 * 1.33 = 4,433.33
    Required margin on this trade is $4,433.33

    Swap Policy

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