IC Markets’ clients who used to access the ASX Share CFD Market data from the MT5 platform would be charged with AUD22 per month.
IC Markets issued new rules for its CFD clients. It will charge the traders who use ASX Share Market data from their MT5 platform. The rule, which will be effective as of September 1st, 2020, is aimed to maintain IC Markets’ level service quality.
If you access the ASX Share CFD Market data from your MT5 platform during any day of the month for one or multiple times, the fee will be charged at the end of the month. You will also be charged although you just access the data without executing a trade.
If you trade ASX Share CFDs from the month of September, a minimum commission charge will be applied to your trades. If you have more than one profile accessing the data, it will be charged on each profile.
The fee for accessing ASX Share CFD Market data is AUD22 monthly. However, if you don’t make any trade and access the data from ASX Share CFD, market data fee will not be applied to your account.
“The monthly data fee will be applied at the beginning of the month of October to all traders who have accessed the market data during the month of September and so forth,” IC Markets said. In addition, the minimum commission fee on ASX Share CFDs is $7 AUD per single trade on the spot on your account.
IC Markets is a forex and CFD Brokers, regulated and authorized by the Australian Securities and Investments Commission (ASIC) and The Seychelles Financial Services Authority (FSA). As IC Markets is monitored by one of the strictest financial regulatory bodies in the world, the clients’ trades are more guaranteed with this broker.
IC Markets Announces Holiday Schedule
Forex market operates 24 hours and divided into 4 sessions: Pacific, European, Asian and American. Those sessions causing traders in one country to have different activities from traders in other part of the world, because each cities has their own holiday festives. In practice, we know that financial market never stops, but it may close during global holiday seasons, such as Christmas and New Year.
IC Markets Holiday Schedule
On the occasion of this winter holiday, IC Markets website has updated their calendar, since trading hours will change following the opening and closing of forex market. Bussiness hours before and after holidays are also likely to be affected. Check out trading schedule for Christmas, Boxing Day and Year-End below:
Liquidity during holiday season is expected to be very thin, so IC Markets’ clients are required to be careful about increasing volatility, spreads and intermittent pricing. However, IC Markets staff will continue to assist their customers as long as the market opens during holiday. They also warned that deposits and withdrawals would be late on bank holidays. Online funding systems such as debit or credit cards, PayPal, Neteller, Skrill and so on will continue to operate as usual.
IC Markets is one of the top choices for automated traders. Its order matching engine located in the New York Equinix NY4 data centre and processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems.