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.