Forex brokers
IKON GMIKON GM Royal Division
Account Info:
- minimum deposit: $2,500
- minimum lot size: 10k
- max leverage: 1:100
Editor`s vote
3.6
Traders` vote
2.6
Headquarters: 99 Wall Street, New York 10005
Country: United States
Regulated by: CFTC, NFA
Spread
Variable spreads
Typical spreads EUR/USD -2 | GBP/USD - 3 | USD/CHF - 3 | USD/JPY -2
|
Pros |
Cons |
|
Low Spreads No commissions |
Sreads widen during volatile market Sreads widen during news releases |
Slippage
|
Pros |
Cons |
|
No slippage during normal market conditions
|
Slippage during news releases
|
Requotes
|
Pros |
Cons |
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No requotes during normal market conditions
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Some requotes during news releases
|
Price feed
|
Pros |
Cons |
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No Price Manipulation No Stop Hunting |
No
|
Platform
|
Pros |
Cons |
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Metatrader 4.0 Very intuitive and easy to handle Decent charts Custom indicators Autotrading Mobile ready |
Trailing stop is server based No Web Platform
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Deposit/Withdraw
|
Deposit |
Withdraw |
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Electronic Funds Transfer Paper Check PayPal Bank Wire |
Bank Wire Check PayPal
|
Customer service
|
Pros |
Cons |
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Friendly Customer service reps Phone Request a call Live Chat |
No
|
Summary
|
Pros |
Cons |
|
Metatrader 4.0 |
Minimum deposit: $2,500 Spreads widen during volatile market |
Traders` reviews for IKON GM Add you review
Charles Drake, FPA, 09/06/2009
, 
1. VERY SLOW TO ACCEPT ORDERS AT TIME - LOTS OF SLIPPAGE.
2. HIGH PREMIUM (PIPS) CHARGES AT TIMES 3-9 PIPS!!
3. PROGRAM "FREEZES" AND I CANNOT DO ANYTHING WITH IT. CUSTOMER SERVICE SAYS THEIR PLATFORM "WORKS PERFECTLY ALL THE TIME"
4. ONE TIME, 34 TRYS COULD NOT EXIT (CLOSE) A TRADE AND I HAD A MAJOR LOSS. THEN, IKON-ROYAL CUSTOMER SERVICE SAID "YOU COMPUTER DOES NOT WORK PROPERLY" AND "OUR PLATFORM WORKS PERFECTLY AND NO OTHER CUSTOMERS HAVE COMPLAINED"
Nathan, 09/06/2009
,
I have been trading FX full time for a little over 2 years now. I was introduced to Ikon after I got screwed by interbankfx. Ikon looked like they would be a reputable company, until I started trading live. In the demo account they will keep the spreads low so to give you the idea that they will always be tight spreads. But infact they are a captive style broker or they have a dealing desk. Either way they are making money off of the spreads. So durring the most volitlie times of the market when there should be the tightest spreads that is the time that you will a larger spread. It is classic for the bucket shops, or the brokers that have a dealing desk, to discourage you from getting in when it is most volitile. If you get in and they are on the other side of your trade they stand to lose a lot of money and quick. As far as I can tell this is one of those companies. I have been requoted more with this broker then I have with any other broker.
