ICM.com Press Releases

ICM.com Introduces BTCOIL - An Innovative Trading Instrument

London, UK – Wednesday, January 13, 2021 – ICM.com, a UK-based global multi-regulated financial service provider, is pleased to announce the launch of the new trading instrument designed for clients who prefer not to have direct exposure to Fiat currencies while trading oil. BTCOIL allows an investor to use Bitcoin to trade oil and vice versa - a unique and convenient way of trading both products simultaneously.

BTCOIL is the resulting product of dividing the price of the BTCUSD by the price of #WTI. This means if the BTCUSD price remains the same and the price of the #WTI goes up, then the price of BTCOIL will be going down and vice versa - if the price of #WTI remains the same and the price of BTCUSD goes up, then the BTCOIL will go up.

BTC/OIL An Intstrment

For Example:

Instrument = BID/ASK

BTCUSD = 35000/35060

#WTI = 52.00/52.04

BTCOIL = 673.07/ 673.71

"ICM.com is in a constant search for improving the trading experience of its clients. The merge of two popular trading products became a breakthrough in the trading industry. " - commented Shoaib Abedi, CEO and Director of ICM.com

For the past decade, cryptocurrencies became a novel and exciting asset class that allows not only to buy regular goods and services, but also to be an investment instrument like central banks currencies, stocks, or precious metals.

Bitcoin became the first decentralized, peer-to-peer cryptocurrency system designed to allow online users to process transactions through digital units of exchange called Bitcoins (BTC).

Although there are hundreds of cryptocurrencies in active use today, Bitcoin is by far the most popular and widely used.

Crude oil trading offers excellent opportunities for investment in nearly all market conditions due to its unique standing within the world's economic and political systems. Also, energy sector volatility has risen sharply in recent years, ensuring strong trends that can produce consistent returns for short-term, and long-term timing strategies.

Truly global

ICM.com is a multinational established brand regulated and authorised in various jurisdictions around the world.

ICM Jurisdictions In UK ICM Capital Limited (UK) is regulated and authorised by Financial Conduct Authority (FCA) registration number: 520965.

ICM Limited (Abu Dhabi, UAE) is regulated and authorised by the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) registration number: 210045.

ICM Jurisdictions In Mauritius ICM Capital Limited (MU) is regulated and authorised by Financial Services Commission of Mauritius under license number: C118023357.

ICM Jurisdictions In UK ICM Capital LLC (VC) is registered by the Financial Services Authority of Saint Vincent and the Grenadines under number: 1853 LLC 2022.

ICM Jurisdictions In SA ICM Capital SA (Pty) Ltd is a licensed Financial Services Provider, regulated and authorised by the Financial Sector Conduct Authority (FSCA) of South Africa FSP: 53234.

ICM Jurisdictions In Swiss ICM House AG (Zurich, Switzerland) is member of the ARIF (Association Romande des Intermediaries Financiers) under the registration number CHE-497.911.976.

For further details on the above licences, regulations, and legal documentations. Please click here.

Trade Responsibly: CFDs and Spot FX are complex instruments that come with a high risk of losing funds due to leverage. You should not engage in this form of investing unless you understand the nature of the transaction you are undertaking and the true extent of your exposure to financial loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.

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