News

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.
10:00 USD OPEC Meeting         
21:00 KRW FX Reserves - USD (Nov) 416.10B   414.01B
21:30 AUD AIG Construction Index (Nov) 48.2   43.3
22:00 AUD Services PMI 47.6 47.2 49.3
GMT Currency Event Actual Forecast Previous Imp.
00:00 AUD MI Inflation Gauge (MoM) 1.0%   0.4%
00:00 NZD ANZ Commodity Price Index (MoM) -3.9%   -3.4%
00:30 AUD Business inventories (MoM) (Q3) 1.7%   0.5%
00:30 AUD Company Gross Operating Profits (QoQ) (Q3) -12.4% 0.3% 7.8%
00:30 AUD Company Profits Pre-Tax (QoQ) (Q3) -15.9%   14.5%
00:30 JPY Services PMI (Nov) 50.3 50.0 50.0
00:30 HKD Manufacturing PMI (Nov) 48.7   49.3
01:45 CNY Caixin Services PMI (Nov) 46.7 48.0 48.4
01:45 EUR ECB President Lagarde Speaks         
05:00 INR Nikkei Services PMI (Nov) 56.4 55.4 55.1
05:00 SGD Retail Sales (MoM) (Oct) 0.1%   3.2%
05:00 SGD Retail Sales (YoY) (Oct) 10.4%   11.3%
07:15 ZAR South Africa Standard Bank PMI (Nov) 50.6   49.5
08:15 EUR Spanish Services PMI (Nov) 51.2 50.5 49.7
08:45 EUR Italian Composite PMI (Nov) 48.9   45.8
08:45 EUR Italian Services PMI (Nov) 49.5 48.3 46.4
08:50 EUR French S&P Global Composite PMI (Nov) 48.7 48.7 50.2
08:50 EUR French Services PMI (Nov) 49.3 49.4 51.7
08:55 EUR German Composite PMI (Nov) 46.3 46.4 45.1
08:55 EUR German Services PMI (Nov) 46.1 46.4 46.5
09:00 EUR S&P Global Composite PMI (Nov) 47.8 47.8 47.3
09:00 EUR Services PMI (Nov) 48.5 48.6 48.6
09:30 GBP Composite PMI (Nov) 48.2 48.3 48.2
09:30 GBP Services PMI (Nov) 48.8 48.8 48.8
09:30 EUR Sentix Investor Confidence (Dec) -21.0 -27.6 -30.9
10:00 NOK House Price Index (YoY) (Nov) 1.10%   2.80%
10:00 EUR Eurogroup Meetings      
10:00 EUR Retail Sales (MoM) (Oct) -1.8% -1.7% 0.8%
10:00 EUR Retail Sales (YoY) (Oct) -2.7% -2.6% -0.6%
11:25 BRL BCB Focus Market Readout      
11:30 INR RBI MPC Meeting Minutes      
12:00 MXN Consumer Confidence 41.7   41.0
12:00 MXN Consumer Confidence n.s.a. 41.8   41.3
13:00 BRL S&P Global Composite PMI (Nov) 49.8   53.4
13:00 BRL S&P Global Services PMI (Nov) 51.6   54.0
13:30 CAD Building Permits (MoM) (Oct) -1.4% 3.9% -18.2%
14:00 EUR French 12-Month BTF Auction 2.397%   2.346%
14:00 EUR French 3-Month BTF Auction 1.445%   1.500%
14:00 EUR French 6-Month BTF Auction 1.925%   1.927%
14:45 USD S&P Global Composite PMI (Nov) 46.4 46.3 48.2
14:45 USD Services PMI (Nov) 46.2 46.1 47.8
15:00 USD CB Employment Trends Index (Nov) 117.65   118.74
15:00 USD Durables Excluding Defense (MoM) (Oct) 0.9%   0.8%
15:00 USD Durables Excluding Transport (MoM) (Oct) 0.5%   0.5%
15:00 USD Factory Orders (MoM) (Oct) 1.0% 0.7% 0.3%
15:00 USD Factory orders ex transportation (MoM) (Oct) 0.8%   -0.2%
15:00 USD ISM Non-Manufacturing Business Activity (Nov) 64.7   55.7
15:00 USD ISM Non-Manufacturing Employment (Nov) 51.5   49.1
15:00 USD ISM Non-Manufacturing New Orders (Nov) 56.0   56.5
15:00 USD ISM Non-Manufacturing PMI (Nov) 56.5 53.3 54.4
15:00 USD ISM Non-Manufacturing Prices (Nov) 70.0   70.7
16:30 USD 3-Month Bill Auction 4.270%   4.285%
16:30 USD 6-Month Bill Auction 4.570%   4.550%
17:00 EUR German Buba Wuermeling Speaks         
23:30 JPY Average Cash Earnings (YoY) 1.8% 2.0% 2.1%
23:30 JPY Household Spending (YoY) (Oct) 1.2% 1.0% 2.3%
23:30 JPY Household Spending (MoM) (Oct) 1.1% 1.5% 1.8%
23:30 JPY Overall wage income of employees (Oct) 1.8%   2.2%
23:30 JPY Overtime Pay (YoY) (Oct) 7.90%   6.70%
GMT Currency Event Actual Forecast Previous Imp.
00:01 GBP BRC Retail Sales Monitor (YoY) (Nov) 4.1%   1.2%
00:30 AUD Current Account (Q3) -2.3B 10.5B 14.7B
00:30 AUD Net Exports Contribution (Q3) -0.2% -0.6% 1.0%
03:30 AUD RBA Interest Rate Decision (Dec) 3.10% 3.10% 2.85%
03:30 AUD RBA Rate Statement      
03:35 JPY 30-Year JGB Auction 1.481%   1.561%
07:00 EUR German Factory Orders (MoM) (Oct) 0.8% 0.1% -2.9%
08:30 EUR Italian IHS S&P Global Construction PMI (MoM) (Nov) 52.0   48.1
08:30 EUR German IHS S&P Global Construction PMI (Nov) 41.5   43.8
08:30 EUR French IHS S&P Global Construction PMI (MoM) (Nov) 40.7   44.3
08:30 EUR IHS S&P Global Construction PMI (MoM) (Nov) 43.6   44.9
09:00 NOK Norges Bank regional network Survey -0.57   -0.16
09:30 GBP Construction PMI (Nov) 50.4 52.0 53.2
09:30 ZAR GDP (YoY) (Q3) 4.1% 2.8% 0.2%
09:30 ZAR GDP Annualized (QoQ) 1.6% 0.7% -0.7%
10:00 GBP 5-Year Treasury Gilt Auction 3.472%   3.626%
10:10 EUR ECB's Supervisory Board Member Jochnick Speaks         
12:00 MXN Gross Fixed Investments (MoM) (Sep) -0.90%   1.90%
12:00 MXN Gross Fixed Investments (YoY) (Sep) 3.30% 5.30% 6.50%
12:00 EUR German 2-Year Schatz Auction 2.110%   2.280%
13:30 USD Exports 256.60B   258.50B
13:30 USD Imports 334.80B   331.30B
13:30 USD Trade Balance (Oct) -78.20B -80.00B -74.10B
13:30 CAD Exports (Oct) 67.04B   66.04B
13:30 CAD Imports (Oct) 65.82B   65.44B
13:30 CAD Trade Balance (Oct) 1.21B 1.20B 0.61B
13:55 USD Redbook (YoY) 5.7%   10.4%
14:30 NZD GlobalDairyTrade Price Index 0.6%   2.4%
15:00 CAD Ivey PMI n.s.a (Nov) 51.5   51.4
15:00 CAD Ivey PMI (Nov) 51.4 51.0 50.1
17:00 USD EIA Short-Term Energy Outlook      
21:30 USD API Weekly Crude Oil Stock   -3.884M -7.850M
21:30 AUD AIG Services Index (Nov)     47.7
23:00 JPY Reuters Tankan Index (Dec)     2
23:50 JPY Foreign Reserves (USD) (Nov)     1,194.6B
GMT Currency Event Actual Forecast Previous Imp.
00:30 AUD Building Approvals (MoM)   -6.0% -8.1%
00:30 AUD GDP (YoY) (Q3)   6.2% 3.6%
00:30 AUD GDP (QoQ) (Q3)   0.7% 0.9%
00:30 AUD GDP Capital Expenditure (Q3)     0.2%
00:30 AUD GDP Chain Price Index (Q3)     4.3%
00:30 AUD GDP Final Consumption (Q3)     1.3%
00:30 AUD Private House Approvals   -2.2% -7.8%
00:30 AUD RBA Chart Pack Release      
01:30 JPY BoJ Board Member Nakamura Speaks         
03:00 CNY Exports (YoY) (Nov)   -3.6% -0.3%
03:00 CNY Imports (YoY) (Nov)   -5.0% -0.7%
03:00 CNY Trade Balance (USD) (Nov)   79.05B 85.15B
04:00 IDR FX Reserves (USD) (Nov)     130.20B
04:30 INR Cash Reserve Ratio   4.50% 4.50%
04:30 INR Interest Rate Decision   6.25% 5.90%
04:30 INR Reverse REPO Rate   3.35% 3.35%
05:00 JPY Coincident Indicator (MoM) (Oct)     -0.4%
05:00 JPY Leading Index (MoM) (Oct)     -3.8%
05:00 JPY Leading Index   98.4 97.5
06:00 ZAR Foreign Reserves (USD) (Nov)     58.70B
06:00 ZAR Net FX Reserves (USD) (Nov)     52.193B
06:45 CHF Unemployment Rate n.s.a. (Nov)   2.0% 1.9%
06:45 CHF Unemployment Rate s.a. (Nov)   2.1% 2.1%
07:00 GBP Halifax House Price Index (YoY)     8.3%
07:00 GBP Halifax House Price Index (MoM) (Nov)   -0.2% -0.4%
07:00 EUR German Industrial Production (MoM) (Oct)   -0.6% 0.6%
07:00 NOK Manufacturing Production (MoM) (Oct)     0.7%
07:00 NOK Current Account (Q3)     276.8B
07:10 EUR ECB's Lane Speaks         
07:45 EUR French Current Account (Oct)     -7.30B
07:45 EUR French Exports (Oct)     52.0B
07:45 EUR French Imports (Oct)     69.5B
07:45 EUR French Reserve Assets Total (Nov)     238,277.0M
07:45 EUR French Trade Balance (Oct)   -16.0B -17.5B
08:30 HKD Foreign Reserves (USD) (Nov)     417.20B
09:00 EUR Italian Retail Sales (YoY) (Oct)     4.1%
09:00 EUR Italian Retail Sales (MoM) (Oct)   -0.6% 0.5%
09:00 SGD Foreign Reserves USD (MoM) (Nov)     282.3B
09:40 EUR Spanish 12-Month Letras Auction     2.537%
09:40 EUR Spanish 6-Month Letras Auction     2.003%
10:00 EUR Employment Change (YoY) (Q3)   1.7% 1.7%
10:00 EUR Employment Change (QoQ) (Q3)   0.2% 0.2%
10:00 EUR Employment Overall (Q3)     164,475.1K
10:00 EUR GDP (YoY) (Q3)     2.1% 2.1%
10:00 EUR GDP (QoQ) (Q3)     0.2% 0.2%
11:00 BRL IGP-DI Inflation Index (MoM) (Nov)   -0.19% -0.62%
11:30 INR RBI MPC Meeting Minutes      
12:00 USD MBA 30-Year Mortgage Rate     6.49%
12:00 USD MBA Mortgage Applications (WoW)     -0.8%
12:00 USD MBA Purchase Index     181.0
12:00 USD Mortgage Market Index     208.1
12:00 USD Mortgage Refinance Index     325.5
12:00 BRL Auto Production (MoM) (Nov)     -0.8%
12:00 BRL Auto Sales (MoM) (Nov)     -6.7%
12:00 EUR ECB McCaul Speaks         
13:30 USD Nonfarm Productivity (QoQ) (Q3)     0.6% 0.3%
13:30 USD Unit Labor Costs (QoQ) (Q3)     3.1% 3.5%
14:30 EUR ECB's Panetta Speaks         
15:00 CAD BoC Rate Statement      
15:00 CAD BoC Interest Rate Decision   4.25% 3.75%
15:30 USD Crude Oil Inventories   -3.884M -12.580M
15:30 USD EIA Refinery Crude Runs (WoW)     0.228M
15:30 USD Crude Oil Imports     -1.732M
15:30 USD Cushing Crude Oil Inventories   -0.841M -0.415M
15:30 USD Distillate Fuel Production     0.200M
15:30 USD EIA Weekly Distillates Stocks   2.063M 3.547M
15:30 USD Gasoline Production     0.196M
15:30 USD Heating Oil Stockpiles     -0.729M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW)   0.2% 1.3%
15:30 USD Gasoline Inventories   2.937M 2.769M
17:30 BRL Foreign Exchange Flows     2.232B
20:00 USD Consumer Credit (Oct)   28.30B 24.98B
21:00 BRL Interest Rate Decision   13.75% 13.75%
22:42 CNY FX Reserves (USD) (Nov)   3.018T 3.052T
23:50 JPY Adjusted Current Account   0.35T 0.67T
23:50 JPY Bank Lending (YoY) (Nov)     2.7%
23:50 JPY Current Account n.s.a. (Oct)   0.623T 0.909T
23:50 JPY Foreign Bonds Buying     -51.2B
23:50 JPY Foreign Investments in Japanese Stocks     442.9B
23:50 JPY GDP (YoY) (Q3)   -1.1% -1.2%
23:50 JPY GDP (QoQ) (Q3)   -0.3% -0.3%
23:50 JPY GDP Capital Expenditure (QoQ) (Q3)   1.5% 1.5%
23:50 JPY GDP External Demand (QoQ) (Q3)     -0.7%
23:50 JPY GDP Private Consumption (QoQ) (Q3)     0.3%
GMT Currency Event Actual Forecast Previous Imp.
00:01 GBP RICS House Price Balance (Nov)   -10% -2%
00:30 AUD Exports (MoM) (Oct)     7.0%
00:30 AUD Imports (MoM) (Oct)      
00:30 AUD RBA Bulletin      
00:30 AUD Trade Balance (Oct)   12.100B 12.444B
03:00 IDR Consumer Confidence (Nov)     120.3
03:35 JPY 5-Year JGB Auction     0.060%
05:00 JPY Economy Watchers Current Index (Nov)   50.7 49.9
06:30 EUR French Non-Farm Payrolls (QoQ) (Q3)     0.4%
08:00 EUR German Buba Wuermeling Speaks         
09:00 ZAR Current Account (Q3)   -89.5B -87.0B
09:00 ZAR Current Account % of GDP (Q3)   -0.80% -1.30%
11:00 ZAR Manufacturing Production (MoM) (Oct)   -1.1% 4.9%
11:00 ZAR Manufacturing Production (YoY) (Oct)   4.5% 2.9%
12:00 MXN Core CPI (MoM) (Nov)   0.49% 0.63%
12:00 MXN CPI (MoM) (Nov)   0.69% 0.57%
12:00 MXN CPI (YoY) (Nov)   7.92% 8.41%
12:00 MXN Month Core Inflation (MoM) (Nov)   8.59% 8.42%
12:00 BRL Retail Sales (MoM) (Oct)   0.2% 1.1%
12:00 BRL Retail Sales (YoY) (Oct)   2.3% 3.2%
12:00 EUR ECB President Lagarde Speaks         
13:30 USD Continuing Jobless Claims   1,600K 1,608K
13:30 USD Initial Jobless Claims   230K 225K
13:30 USD Jobless Claims 4-Week Avg.     228.75K
14:30 CHF SNB Gov Board Member Maechler Speaks         
15:30 USD Natural Gas Storage   -84B -81B
16:30 USD 4-Week Bill Auction     3.950%
16:30 USD 8-Week Bill Auction     4.080%
17:45 CAD BoC Deputy Gov Kozicki Speaks         
18:00 EUR ECB President Lagarde Speaks         
21:45 NZD Electronic Card Retail Sales (YoY) (Nov)     16.6%
21:45 NZD Electronic Card Retail Sales (MoM) (Nov)     1.0%
21:45 NZD Manufacturing Sales Volume (QoQ) (Q3)     -4.9%
23:00 KRW Current Account (Oct)     1.61B
23:50 JPY M2 Money Stock (YoY)   3.0% 3.1%
23:50 JPY M3 Money Supply (Nov)     2,079.4T
GMT Currency Event Actual Forecast Previous Imp.
01:30 CNY CPI (MoM) (Nov)   -0.2% 0.1%
01:30 CNY CPI (YoY) (Nov)   1.6% 2.1%
01:30 CNY PPI (YoY) (Nov)   -1.4% -1.3%
07:00 NOK Core CPI YTD (Nov)   6.0% 5.9%
07:00 NOK Core Inflation (MoM) (Nov)   0.2% 0.3%
07:00 NOK CPI (YoY) (Nov)   7.0% 7.5%
07:00 NOK CPI (MoM) (Nov)   0.1% 0.3%
07:00 NOK PPI (YoY) (Nov)     19.8%
07:45 EUR ECB's Enria Speaks         
08:00 EUR Spanish Industrial Production (YoY) (Oct)   2.8% 3.6%
09:30 GBP Inflation Expectations     4.9%
10:00 IDR Retail Sales (YoY) (Oct)     4.6%
10:10 EUR Italian 12-Month BOT Auction     5.690%
11:30 INR FX Reserves, USD     550.14B
12:00 BRL CPI (MoM) (Nov)   0.55% 0.59%
12:00 BRL Brazilian IPCA Inflation Index SA (MoM) (Nov)     0.59%
13:30 USD Core PPI (YoY) (Nov)   5.9% 6.7%
13:30 USD Core PPI (MoM) (Nov)   0.2% 0.0%
13:30 USD PPI ex. Food/Energy/Transport (YoY) (Nov)     5.4%
13:30 USD PPI (YoY) (Nov)   7.2% 8.0%
13:30 USD PPI (MoM) (Nov)   0.2% 0.2%
13:30 USD PPI ex. Food/Energy/Transport (MoM) (Nov)     0.2%
13:30 CAD Capacity Utilization Rate (Q3)   82.2% 83.8%
15:00 USD Michigan 5-Year Inflation Expectations (Dec)       3.00%
15:00 USD Michigan Consumer Expectations (Dec)     56.0 55.6
15:00 USD Michigan Consumer Sentiment (Dec)     56.9 56.8
15:00 USD Michigan Current Conditions (Dec)     58.0 58.8
15:00 USD Michigan Inflation Expectations (Dec)       4.9%
15:00 USD Wholesale Inventories (MoM)   0.8% 0.8%
15:00 USD Wholesale Trade Sales (MoM) (Oct)     0.4%
17:00 USD WASDE Report      
18:00 USD U.S. Baker Hughes Oil Rig Count     627
18:00 USD U.S. Baker Hughes Total Rig Count     784
20:10 EUR ECB McCaul Speaks         
20:30 GBP CFTC GBP speculative net positions     -36.6K
20:30 USD CFTC Aluminium speculative net positions     6.4K
20:30 USD CFTC Copper speculative net positions     2.0K
20:30 USD CFTC Corn speculative net positions     270.2K
20:30 USD CFTC Crude Oil speculative net positions     239.7K
20:30 USD CFTC Gold speculative net positions     110.0K
20:30 USD CFTC Nasdaq 100 speculative net positions     9.8K
20:30 USD CFTC Natural Gas speculative net positions     -163.4K
20:30 USD CFTC S&P 500 speculative net positions     -204.2K
20:30 USD CFTC S&P 500 speculative net positions     -204.2K
20:30 USD CFTC Silver speculative net positions     17.5K
20:30 USD CFTC Soybeans speculative net positions     87.2K
20:30 USD CFTC Wheat speculative net positions     -33.3K
20:30 CAD CFTC CAD speculative net positions     -16.1K
20:30 MXN CFTC MXN speculative net positions     66.1K
20:30 CHF CFTC CHF speculative net positions     -14.2K
20:30 AUD CFTC AUD speculative net positions     -44.6K
20:30 BRL CFTC BRL speculative net positions     7.6K
20:30 JPY CFTC JPY speculative net positions     -67.4K
20:30 NZD CFTC NZD speculative net positions     -5.1K
20:30 NZD CFTC NZD speculative net positions     -5.1K
20:30 EUR CFTC EUR speculative net positions     122.2K
22:42 BRL CPI (YoY) (Nov)   6.01% 6.47%
GMT Currency Event Actual Forecast Previous Imp.
00:01 GBP RICS House Price Balance (Nov)   -10% -2%

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.
 

 

cAlgo (cTrader Automate) is an algorithmic trading solution natively integrated with cTrader, working seamlessly alongside all other functionalities of the platform. Traders can build automated trading robots and custom indicators in C# language using the cTrader API, all built from a platform equipped with the tools needed to effectively back test and optimise trading strategies.

    CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spot FX work, and whether you can afford to take the high risk of losing your money. Read more
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