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IC Markets News

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Holiday Trading Schedule Dec 2014 - Jan 2015

Thursday 18th of December 2014

Holiday Trading Schedule
Dec 2014 - Jan 2015

Please find the trading schedule for the Christmas, Boxing Day and New Years Day holiday's below.

We would like to take this opportunity to thank you for your business over the last year. 2014 has been a year of growth and change for IC Markets as they endeavor to bring you the best trading conditions and client experience possible.

IC Market Christmas Schedule

For CFDs and complete holiday schedule, click here.

Liquidity over the holidays is expected to be especially thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing.

IC Markets will have staff to assist you throughout the holiday period whenever the market is open. Please be aware that deposits and withdrawals will be delayed when there is a bank holiday. Online funding methods such as credit/debit card and Moneybookers will still be processed instantly.

USDRUB Leverage Change

Wednesday 17th of December 2014

This is to inform you that the leverage on currency pair USDRUB will be reduced to a maximum of 50:1 effective from Thursday the 18th December, 2014.

Clients trading USDRUB are requested to estimate margin usage at the moment and adjust their exposure accordingly or deposit additional funds if needed to avoid forced closure of open positions due to 'margin stop out'.

IC Markets' risk management team has decided to make this leverage change due to changing market conditions across all RUB pairs.

IC Markets continues to offer 500:1 Leverage on all other currency pairs except EURCHF & USDRUB.

EURCHF Leverage Change

Tuesday 16th of December 2014

This is to inform you that the leverage on currency pair EURCHF will be reduced to a maximum of 100:1 effective from Monday the 22nd December, 2014.

Clients trading EURCHF are requested to estimate margin usage at the moment and adjust their exposure accordingly or deposit additional funds if needed to avoid forced closure of open positions due to 'margin stop out'.

IC Markets' risk management team has decided to make this leverage change due to changing market conditions in the EURCHF currency pair.

The change in leverage is associated only with the EURCHF currency pair. IC Markets continues to offer 500:1 Leverage on all other currency pairs.

Server Time Changing to GMT + 2

Thursday 30th of October 2014

On Sunday the 2nd of November, 2014 IC Markets Metatrader 4 and cTrader server times will move backwards by one hour from GMT + 3 to GMT + 2.

This change is to reflect the US Eastern Standard Time change taking place on the 2nd of November, 2014

IC Markets cTrader and Metatrader 4 server times are based on "5 pm New York". As the time in the US will move back by one hour IC Markets server times will also move backwards to reflect the change.

How does this change effect you?

The time in the market watch window will now be set at GMT + 2, depending on your time zone you may also notice the market open one hour later on Monday. The charts will still show an opening time of 0:00 platform time. Some EA's may using a GMT offset may also be affected by this change, you should make the necessary adjustments to the GMT offset in your EA settings prior to the 2nd of November.

The GMT offset explained

The market will close on Friday the 31st of October at 21:00 GMT, 00:00 platform time. New trading hours will start from November 2nd 2014, these are listed below.

Market Open

FX Trading Open: 17:00 EST / 22:00 GMT (2 Nov) Sunday evening - 00:00 Platform time Monday morning
Bullion Trading Open: 18:00 EST / 23:00 GMT (2 Nov) Sunday evening - 01:00 Platform time Monday morning


Market Close

FX Trading Close: 17:00 EST / 22:00 GMT (7 Nov) Friday evening - 00:00 Platform time Saturday morning
Bullion Trading Close: 17:00 EST / 22:00 GMT (7 Nov) Friday evening - 00:00 Platform time Saturday morning

Starting from Monday 17th March 2014, IC Markets will be implementing new trading times for their Forex and Metals products around the rollover period and start of the week on their MT4 platform.

Start of the week

IC Markets will now begin streaming prices at Market open on Monday morning from 00:03:00 platform time.

What is the rollover period?

Rollover, otherwise known as 'end of day' (EOD) and 'value date change' occurs daily at 00:00 platform time, 17:00 EST, 22:00 GMT and 00:00 platform time, 17:00 EDT, 22:00 BST during daylight savings in the northern hemisphere.

During the rollover period two things happen.

Positions are 'rolled' to the next value date. It is during this process that swaps are applied to positions
Liquidity providers (banks mainly) restart their FIX engines and can be offline for seconds to minutes.
Due to their being less liquidity providers streaming prices it is normal to see wider spreads and even erratic price action over this period.

New trading times

At present IC Markets disable pricing and trading across their Forex and Metals products for 45 seconds. This short break takes place between 23:59:45 and 00:00:30 platform time, right at rollover.

Starting from Monday 17th March 2014, they will be disabling pricing and trading across their Forex and Metals products for four minutes over the rollover period. Please refer to the new trading times below.

Trading ends: 23:58:59 platform time
16:58:59 EDT
20:58:59 GMT
Trading starts: 00:03:00 platform time
17:03:00 EDT
21:03:00 GMT



Additional changes to Metals trading times

Metals: XAUUSD, XAGUSD, XAUEUR, XAGEUR

Starting from Monday 17th March 2014, IC Markets will also be disabling pricing and trading across their Metals products for 45 minutes after rollover. This 45 minute break will take place from 00:15 to 01:00 platform time.

Through these changes IC Markets aim to eliminate the wide spreads and erroneous prices that are most prevalent over the rollover period, specifically the minute before and up to three minutes after, when many liquidity providers are offline.

Time zone offset change this weekend

Thursday 6th of March 2014

IC Markets will be changing the time zone offset on the server over the weekend. They will be changing the server time from UTC+2 to UTC+3 so it will be moving forward one hour. This change is in accordance with the Forex market session time changes due to Daylight Saving Time in the United States on Sunday 9th March 2014, and it remains in effect until Sunday 2nd November, 2014. The MetaTrader 4 platform time will remain at a market open of 00:00:00, and a market close of 23:59:59 throughout the year.

The new trading hours starting from Monday March 10th, 2014 are listed below

Market Open
21:00 GMT Sunday evening (09-03-2014) - 00:00 Platform time Monday morning (10-03-2014)

Market Close
21:00 GMT Friday evening - 00:00 Platform time Saturday morning

Once England and Europe changes to DST on March 30th, 2014 we will observe the times below.

Market Open
22:00 BST (GMT+1) Sunday evening - 00:00 Platform time Monday morning

Market Close
22:00 BST (GMT+1) Friday evening - 00:00 Platform time Saturday morning

Neteller and POLi are here

Friday 21st of February 2014

IC Markets are pleased to announce the addition of two more funding methods to their growing list of available funding options.

In response to overwhelming client demand they have added both Neteller and Poli to their list of funding choices. Now clients have 11 different funding methods to select from.

What is Neteller?

Neteller

Neteller is an e-money deposit method that allows you to fund your account in real-time. You can also withdraw funds back to your linked bank account.

Key Features

  • Real-time deposits and withdrawals
  • Deposit in 7 different currencies EUR, USD, AUD, GBP, JPY, SGD and CAD
  • Prepaid Neteller MasterCard


What is POLi?

POLi

POLi is a free real-time online payment system that allows you to fund your AUD trading account instantly using a local bank transfer from most major Australian banks.

Key Features

  • Instant bank transfers from 11 Australian banks
  • Free AUD deposit method
  • Deposit 24 hours a day 7 days a week