ICBC is the largest Chinese commercial bank. Industrial and Commercial Bank of China has included in “Big Four” state-owned commercial banks (along with Bank of China, Agricultural Bank of China and China Construction Bank). According to Bloomberg, ICBC ranks the world’s fifth by market capitalization (January 2014).
When was ICBC Founded?
The bank was founded in 1984. In 2014 for the second consecutive year topped the rating of the largest public companies Global 2000, published annually by Forbes ( May 2014 ). The bank is headquartered in Beijing.
How to Buy ICBC Stock
To buy ICBC stocks traders should follow these steps:
How much to invest in ICBC Stock:Decide how much to invest in ICBC stock. Never invest in more than what you're willing to lose.
Open account:To buy ICBC stock you need to open a brokerage account. To open account you should go to 'Open Account' page and fill all the required fields of the form.
Buy ICBC Stock Using Trading Platform:After opening account you can trade ICBC shares CFDs by using MetaTrader or NetTradeX trading platforms.
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Check the result of trading via our online calculators
Trade Stock CFDs and discover the benefits of CFD trading with IFC Markets
Maximum Leverage
MetaTrader4 & MetaTrader5: 1:20 (margin 5%)
On NetTradeX the leverage for Stock CFDs is equal to the trading account leverage (maximum 1:20).
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We offer more than 400 Stock CFDs from 8 most popular Stock Exchanges from all over the world.
Commission
Starting from 0.1% of order volume, for US stocks - $0.02 per 1 stock and for Canadian stocks - 0.03 CAD per 1 stock. Commission is charged when position is opened and closed.
For NetTradeX and MT4, the minimum commission for a deal is equal to 1 of the quote currency, except for Chinese stocks with minimum commission of 8 HKD, Japanese stocks - 100 JPY and Canadian stocks - 1.5 CAD. For MT5, the minimum commission is determined by the account balance currency - 1 USD/1EUR/100 JPY (for US stocks only 1USD)
Stock CFD Dividend Correction = Stock Dividend
Holders of long (buy) positions in CFD receive a dividend adjustment equal to the dividend payment amount.
