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Compare Forex Brokers ICM Trading And InstaForex


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Subjective Ratings

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ICM Trading

InstaForex

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four and Half star Customer Support Rating
Rollover interest rates: Three star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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ICM Trading

InstaForex

 
Registered Business Name: iTrade Capital Markets Ltd. InstaForex Group
Broker Headquarters: British Virgin Islands (BVI) Russia
Also has offices in: none none
Regulated By: Unregulated RAFMM (Russian Association of Financial Markets Members
In business since year: 2009 2007
Broker Capital as of 10-2010 Unknown Unknown
Client Account Segregation: Client funds are segregated and held at Loyal Bank, St. Vincent and the Grenadines Yes, for accounts of $100,000+
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
Visa $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25
Main liquidity providers: Unknown Unknown

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Trading Details

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ICM Trading

InstaForex

 
Browser platform: None None
Downloadable platform: ICM Trading ActTrader,ICM Trading Metatrader 4 (MT4) InstaForex Metatrader 4 (MT4)
Mobile platform: ActTrader Mobile,Metatrader Mobile None
Phone dealing: Yes No
Order processing: Market Maker ECN
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
ActTrader Account 400:1* $500/unlimited 10,000/5,000,000 units 1 lot = 10,000 units
MT4 Account 400:1* $500/unlimited 10,000/5,000,000 units 0.1 lot = 10,000 units
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Swap-free accounts   All accounts are Shariah compliant, but a charge of $1/mini-lot/day is applicable to all overnight positions   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 34    0   
No Dealing Desk Execution: Not available Not available
Typical spread on EUR/USD: 2 pips (0.0002) FIXED 3 pips (0.0003) FIXED
Fixed spreads: Yes Yes, fixed under all market conditions.
Guaranteed stop losses? Yes, all stop and limit orders are guaranteed against slippage. No, all orders are executed at best available price
Trailing Stops: Client-side Client-side
OCO orders available: Yes, No
If/then orders available: Yes, No
Hedging capability: Yes Yes
Automated Trading: On MT4 and ActTrader Yes
Trading Hours: Sunday evening at 5:00 pm (EST) through Friday afternoon at 4 pm (EST)  
Timezone EST  
Scalping allowed: Short-term trading OK, but trading on 'off-market' pricing No
Account currencies available: EUR, USD EUR, RUB, USD
Platform languages: Arabic, Bulgarian, Dutch, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish English
Support languages: English, French, German, Italian, Spanish English
Demo account: 30 days Unlimited
Live chat support: Yes During market hours
Interest on Margin: No 13% on unused margin
Promotions & tournaments: 10% bonus on deposits up to $1999. $500 bonus on deposits of $2,000+  

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