Frequently Asked Questions.

 

General Questions.

 

Q: What is an ECN?

A: ECN stands for electronic communications network. It is the technology allowing price makers to send executable streaming prices (ESPs, aka bids and offers) to the market, constructing a virtual order book in much the same fashion as a stock exchange would. A price maker is any participant of that ECN that has liquidity to offer in the form of a bid (buy limit) or offer (sell limit). By constructing a virtual order book with price makers consisting primarily of Tier-1 banks, IC Markets is able to offer extremely deep liquidity with some of the best top of book pricing (spreads) globally. All trading orders are matched automatically between liquidity providers in real time and in milliseconds per order.

 

Q: What does Straight Through Processing (STP) mean?

A: An ECN broker like IC Markets acts as an intermediary between clients and the market, all trades are straight through processed to the ECN where they are filled by one of their liquidity providers (LPs). Assuming the role of a clearer to clients trades and using several LPs ensures there is no conflict of interest between IC Markets, its clients and its LPs. There is no dealing desk involved in quoting prices and executing orders. IC Markets does NOT trade against the clients.

 

Q: What are the benefits of ECN Forex brokers?

A: ECN Forex brokers always have raw spreads. ECN brokers have no conflict of interest with their clients or liquidity providers. They merely act as an intermediary between clients and the market. Commission is the only revenue/profit an ECN broker receives. ECN brokers are interested in their clients to be winning, otherwise there will be no commission to earn.

 

Q: What is ultra-low latency?

A: Latency is the delay in the amount of time it takes a data packet (or trade) to travel from source to destination (client to broker). Ultra-low latency trading is ideal for automated and manual trading. The faster the prices are received, the quicker you can enter orders. This will increase your chances of getting the price you are attempting to trade on. This is most valuable during periods of volatile market activity when prices are updating and moving quickly.

 

Q: What is a Lot?

A: 1 Lot is the standard size in FX trading and refers to 100,000 units of the currency.

 

Q: What is a Round Turn?

A: It is a completed transaction involving both trade entry and trade exit.

 

 

 

IC Markets Rebates. Commission/Spread Discount. 
 

 

 

Q: What is the benefit of using ICMarketsForexRebates.com?

A: If you open your trading account directly with IC Markets you have to pay a higher commission rate. Their regular commission rate is $7.00 per lot round turn.

 

When you open a trading account through our referral link you receive a rebate of $1.50 per lot round turn. This rebate is directly deducted from your commission allowing you trade with a discounted commission rate of $5.50 per lot round turn.

 

However your spreads will NOT increase and all other trading conditions do NOT change! Everything remains the same as if you had opened your account directly with the broker.

 

Q: Do my spreads increase?

A: No. Never!

 

Q: Does it matter if my trades win or lose?

A: No. You receive a discount for every micro, mini and standard lot you trade, regardless if trades win or lose.

 

Q: Are there any (hidden) costs by using ICMarketsForexRebates?

A: No. It costs you nothing. No catch, no (hidden) costs. It is a true benefit for any client. Guaranteed.

 

Q: Do I need to submit my bank account number, PayPal ID, ...?

A: No. You trade directly with a discounted commission or spread.

 

Q: When will I receive my Forex rebates?

A: Immediate. You trade directly with a discounted commission or spread. Your IC Markets Rebates are directly deducted from your commission or spreads.

 

 

Questions about IC Markets.

 

Q: Does IC Markets accept US Clients?

A: IC Markets does not accept US clients. US CTFC regulation prevents US clients from trading with brokers outside the US. IC Markets complies with International and Australian regulations.

 

Read more in the IC Markets FAQ

    
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High Risk Warning: Forex, Futures, CFDs, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, CFDs, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to buy or sell currencies, futures, CFDs, or options. No representation is being made that any account, company, investment or methodology will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, downloads or other information contained on this website is provided as general market commentary and does not constitute investment advice. ICMarketsForexRebates and its affiliates/suppliers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information and downloads. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. The views and opinions represented in the provided website links and resources are not controlled by ICMarketsForexRebates. Further, ICMarketsForexRebates is not responsible for their availability, content or delivery of services. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

 

Regulatory Notice: ICMarketsForexRebates is a discount service for International Capital Markets Pty Ltd (Broker). International Capital Markets holds an Australian financial services licence (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. International Capital Markets Pty Ltd. ACN 123 289 109. AFSL No. 335692.

 

 

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