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ICM Brokers EUR/USD Spread Compared to Top Competitors

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ICM Brokers isn't available in US
ICM Brokers REVIEW

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The average spread for the EUR/USD across more than 200 brokers that offer ECN and Raw Spread accounts showed it is 0.17 pips. The average spread of ICM Brokers for the EUR/USD currency pair is , which corresponds to a Low level

How Does ICM Brokers EUR/USD Spread Compare to top Competitors?

The average EUR/USD spread among over 200 researched Forex brokers on ECN accounts is 0.17 pips All spreads mentioned are based on the analysis of publicly available sources and data provided by the brokers. . We also compared the spreads and per-lot fees of ICM Brokers with top competitors that accept clients from your country.

ICM Brokers OANDA FOREX.com
EUR/USD 0.15 0.2
GBP/USD 0.2 0.4
ECN commission (per lot) 3.5 5
Supported Currency pairs 28 68 80
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What Other Fees Does ICM Brokers Charge?

We also compared the spreads of ICM Brokers on Standard account types with those of competitors, as well as non-trading fees such as inactivity fees and withdrawal fees.

ICM Brokers Stardard Account EUR/USD spread
ICM Brokers OANDA FOREX.com
EUR/USD, min pips 0.1 0.1 0.7
EUR/USD, max pips 0.3 0.5 1.2
GBP/USD, min pips 0.1 0.1 0.9
GBP/USD, max pips 0.3 0.5 1.4
ICM Brokers Non-Trading Fees
ICM Brokers OANDA FOREX.com
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0
Withdrawal fee, USD 0-15 0
Inactivity fee, $ 0 0 15

ICM Brokers ECN/Raw Spread Account vs Standard Account: Where is the Lower Spread?

According to calculations by Traders Union based on the analysis of over 300 brokers, the average cost of executing a trade of 1 standard lot of EUR/USD on an ECN/RAW account, including spread and commission, is $5.20. In contrast, the average spread on a Standard account is 0.8 pips, which is equivalent to $8 per lot. It is also worth noting that ECN/RAW accounts generally offer faster order execution and allow trading with bots, making them more suitable for active traders.

The average ICM Brokers EUR/USD spread is , which equal to 0$, plus you will need to pay a commission per lot of ECN $. ICM Brokers Standard account spread is 0.1, which equal to ; however, there is no extra commission to pay in this case.

What Other Factors Directly Affect ICM Brokers EUR/USD Spread?

Several factors directly impact ICM Brokers the overall cost of executing trades in EUR/USD, beyond just the average spread. Here are some key considerations:

  • Liquidity and Daily Turnover:

    Higher liquidity and larger daily turnover generally result in tighter spreads and better trade execution. Brokers with higher liquidity can offer more competitive pricing and faster order execution, which is crucial for active traders.

    Top 3 Forex Brokers by Trading Turnover
    Average Daily Turnover for All Currency Pairs $B
    IUX Markets 37 Go to broker
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    IC.com 29 Go to broker
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    DB Investing 24 Go to broker
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  • ICM Brokers Order Execution Speed:

    Faster order execution reduces the likelihood of slippage, ensuring that trades are executed at the expected prices. This is especially important for scalpers and high-frequency traders. Typically, order execution speed is better on ECN accounts. ICM Brokers is an ECN forex broker, which means it offers high.

  • Time of Day:

    • Best Times to Trade EUR/USD is Peak Activity: 8:00 AM to 12:00 PM EST (1:00 PM to 5:00 PM GMT). During the overlap of the London and New York sessions, liquidity is highest and spreads are usually the tightest.
    • Worst Times to Trade EUR/USD: 5:00 PM to 10:00 PM EST (10:00 PM to 3:00 AM GMT). Spreads widen during this period due to low liquidity when major markets are closed.
  • Commission Fees

    In addition to spreads, commission fees per trade can significantly impact the total cost. ECN/RAW accounts often charge a commission per lot, which needs to be factored into the overall trading cost.

    ICM Brokers Commison Per Lot is $

  • Non-Trading Fees:

    Inactivity fees, withdrawal fees, and other non-trading charges can add up and impact your overall profitability. It is essential to review all potential fees associated with the broker.

  • VPS (Virtual Private Server) Services:

    Utilizing a VPS can enhance your trading by providing a stable and high-speed internet connection, reducing latency and potential slippage. This is particularly beneficial for automated trading systems and high-frequency traders, as it ensures your trades are executed as quickly as possible, minimizing execution costs.

    ICM Brokers Extra Services For Active Traders Vs Competitors
    ICM Brokers OANDA FOREX.com
    Free VPS No Yes Yes
    API No Yes Yes
    Signals (alerts) Yes Yes Yes
    TradingView integration No Yes Yes
    Trading bots (EAs) Yes Yes Yes
    Scalping Yes Yes Yes
    One click trading Yes Yes Yes

ICM Brokers Regulation and Other Important Trading Conditions

Regulation FSC, SVG FSA
Minimum deposit $50
Trading platform MetaTrader 5
Accounts Demo, Edge, Edge Plus
Account currency USD
Replenishment / Withdrawal Bank cards, bank transfers, cryptocurrencies
Trading features Dynamic margin, floating market spread
Instruments CFDs on Forex, stocks, metals, energies, indices, and cryptocurrencies

How Can I Reduce ICM Brokers EUR/USD Spread?

Reducing ICM Brokers EUR/USD spread can help minimize your trading costs and increase profitability. Here are several strategies to achieve this:

  • Trade on ICM Brokers ECN Accounts:

    • ECN (Electronic Communication Network)/RAW accounts typically offer lower spreads.
  • Trade During Peak Activity:

    • Trade during the overlap of the London and New York sessions (8:00 AM to 12:00 PM EST or 1:00 PM to 5:00 PM GMT). During these times, market liquidity is highest, and spreads are usually the tightest.
  • Choose brokers with free VPS service:

    • A VPS can provide a stable and fast internet connection, reducing latency and potential slippage.
    Top 3 brokers with free VPS are:
    Free VPS
    IUX Markets No Go to broker
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    IC.com Yes Go to broker
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    DB Investing No Go to broker
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  • Monitor Economic Calendar:

    • Avoid trading during major economic news releases if you are looking for stable spreads. High volatility during these times can lead to wider spreads. Instead, focus on trading during stable market conditions.
  • Use Limit Orders:

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