FAQ classification
All questions
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What is a sell stop loss order?
When the trader wants to sell or short below the current market price, he will issue a stop loss order. Once the bid is equal to or lower than the specified "stop loss" price, a sell stop loss order is executed.
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What is a stop loss limit order?
The stop loss limit order will be executed at the specified price or a better price after reaching the given stop loss price. Once the stop loss price is reached, the stop loss limit order will become a limit order, buying or selling at the limit price or the next best available price.
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What is tracking stop loss orders?
Tracking stop loss is a type of stop loss order attached to a transaction that moves with price fluctuations. Its design purpose is to lock in profits or limit losses, as trading takes place based on a certain number of points set by investors.
The key point to note is that the tracking stop loss price will only move when the price rises. Once it begins to lock in profits or reduce losses, it will not retreat in the opposite way.
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IC Markets How to handle margin for offset positions?
IC MarketsofMetaTrader 4、MetaTrader 5andcTraderThe platform handles offset positions differently. stayMT4/MT5On the platform, if the account is fully hedged and no margin is required, the position will remain open. However, in thecTraderIn the case of a platform, regardless of whether the overall position of the account is fully hedged or not, a margin in the direction of higher trading volume and margin requirements is required.
Please note that different hedging margin levels and settings may apply to different products and platforms. All of our products may not be able to offer the option of offsetting positions during negative margin trading. We suggest that you fully understand the product specifications of the tools you are trading or planning to trade. We suggest establishing a simulation account to familiarize oneself with hedging mechanisms and related risks.
For further clarification, please contactIC MarketsSupport the team.
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What happens when futures contracts for price differences expire?
IC Markets Futures contracts for price differences will expire on the expiration date of the underlying market contract. When the futures contract for price difference expires, all open positions will be closed at the futures settlement price; As reported by the futures exchange. This process is usually carried out on the second day after the expiration date. Open positions will not roll over to the next preceding month, so any customer who wishes to hold a long-term position must restart trading on the next available contract.
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IC Markets Do you provide trading signals?
IC Markets We do not directly provide any trading signal services, but we have already communicated withMyfxbookCollaborate to provide automated transactions.AutotradeAllow you to connect the signal provider onMyfxbookThe policy provided on is directly copied to yourIC MarketsIn the trading account.
Alternatively, you can directly subscribe to theMT4The trading signal of the platform. -
CFDWhen does the contract for difference market open?
The opening time of the contract for difference reflects the market time of the underlying instrument on which the contract for difference is based. see alsoIC Markets CFDProduct specification table, which details the opening hours of each price difference contract.
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stayIC MarketsTrading price difference contract（CFDs）How much handling fee and commission do you need for the transaction?
IC Markets No additional fees or commissions will be charged for contract for difference transactions.
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IC MarketsWhat is the margin for the contract for price difference?
The margin ratio for each price difference contract varies depending on the price difference contract being traded. Usually, the margin ratio will be0.5-1%For detailed information on the margin requirements for each price difference contract, please refer toIC Markets CFDProduct specification table.
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Contract for difference（CFDs）Is there a minimum transaction mode?
The transaction size of price difference contracts is the smallest. The minimum transaction size is1 CFDcontract.
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Why hasn't my account been approved yet?
In some cases,IC Markets Account verification typically takes several minutes to several hours. If you have not yet received our account verification team's email reply regarding the current status of your account application, we suggest that you visitIC MarketsReal time chat support or send email toaccounts@icmarkets.com. Our team will be able to provide you with updates as soon as possible.
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I can IC Markets Do you open a company trading account?
Yes, you can. As part of our Australian anti money laundering requirements, you are required to provide us with proof of your identity. To ensure that your account application is approved, please submit the following documents.
Company Information:
1.Your company's articles of association or a copy of the company's articles of association
2.Proof of company address (not exceeding3Monthly utility bills or bank statements)
3.Photos of at least one directorID
4.Residence certificate of at least one director
5.LEIRegistration Number (Unique identifier of the legal entity used for global identification.)
The following are acceptable forms of photo recognition:
-Valid passport
-Effective governmentIDSuch as driver's license or stateID
-Valid National ID Card
The following are acceptable forms of proof of residence:
-Public utility or telephone bills or bank statements
All residency certificates must be up-to-date and must not exceed180Days.
If you have provided us with your company information, proof of company address, and photos of the directorsIDAnd the director's residence certificate, there is no need to provide us with this information again.
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How can I convert my account to free overnight interest?
Traders of Islamic faith can only apply for Islamic accounts during the registration process. If you have not selected the Islamic account option and wish to convert your account to overnight interest free, please send an email tosupport@icmarkets.comunderstandmore details 。
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Why can't I accept a post office box as residential address information?
Unfortunately, according to our anti money laundering regulations, we do not accept postal box information as a valid residential address.
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What if I am unable to provide the required documents?
Unfortunately, if you fail to provide the requested or other form of documentation, yourIC MarketsAccount applications may be rejected.
