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Forex trading is a market that involves trading on margin, which witnesses a staggering amount of leverage than the conventional leverage provided for traditional markets. The higher than normal leverage paved the way for significant losses forex account leverage explained dubai investors, which has also created a conflict of interest forex account leverage explained dubai brokers and their clients. It is great to see a broker committed enough to set up their forex account leverage explained dubai in London, which not only grants it an FCA regulated status but also induces trust and confidence among traders while trading with ICM Capital.
Therefore, even though the broker states that it is open to traders from around the globe, US traders are naturally barred from opening an account or trading with overseas brokers.
It is normal for brokers to stay away from the US market due to the harsh regulatory conditions, but it might have offered more reassurance for traders if ICM Capital had taken the necessary steps to be regulated by the CFTC and the NFA. FCA regulation should provide plenty of support for investors, especially since the FCA has one of the most rigorous regulatory guidelines in the entire financial market. FCA has several regulatory responsibilities that include protecting trader forex account leverage explained dubai under the FSCS guidelines against broker insolvencies, performing routine auditing of financial firms to ensure transparency of financial operations, and resolving consumer complaints forex account leverage explained dubai Financial Ombudsman or higher authorities such as the court.
In effect, Forex brokers in the UK are considered to be highly reliable and trustworthy than a majority of the brokers in the retail trading market. The broker is particularly interested in serving clients that are endowed with deeper pockets, and it does promote itself extensively among both retail and institutional traders in several affluent parts of the world.
Both accounts offer a maximum ICM Capital leverage of 1: The broker had only recently changed its margin and leverage conditions, having provided a maximum leverage of 1: Margin calls are vital in Forex trading to prevent negative balances, which is in turn designed to protect both the broker and the trader from the high volatility in the market.
Being a margined product, using high forex account leverage explained dubai will often result in margin calls with just a slight movement in price, thereby wiping out entire account balances within a matter of seconds.
To compensate for its past failures, the broker has changed forex account leverage explained dubai margin policies, and present rules and trading conditions are more in line with the industry standards set forward by regulated brokers.
ICM Capital spreads are dependent on the type of account, with the Standard account quoting around 2 to 4 forex account leverage explained dubai as the standard for major currency pairs. The ECN Direct account, on the other hand, does provide tighter spreads and better market access that guarantees fast execution speeds and virtually zero requotes.
Both accounts grant access to Forex, metals, futures, and shares, and the trading specifications are different for both accounts.
The ICM Standard account forex account leverage explained dubai only offered for traders outside Europe and China, which is strange, considering that most other brokers offer the same conditions for European traders.
The ICM Direct account, however, is offered for all traders across the globe without any restrictions. ICM Capital mobile Forex traders and traders on the move can access the MT4 apps that can be downloaded from the apps store, but regular desktop traders will find the MT4 to be more than suitable for their trading needs. Be aware that there are several bonus terms and conditions that may prevent you from using your trading balance freely.
Always read through the terms carefully before accepting them. You can contact ICM Capital any time of the day and can seek help from their live chat 24 hours a day for five days a week. The customer service department will be able to provide more information regarding their brokerage services, should you have any additional questions.
However, as far as the efficiency of the products is concerned, you should be able to find a better Forex broker that provides better trading conditions than those set out by ICM Capital.