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IKON Royal Review

IKON Royal offers up the ubiquitous MetaTrader 4 (MT4) platform that is well known for its reliability and ease of use, as well as support for the widely used MQL4 programming language, allowing traders to design their own trading algorithms (Expert Advisors). While the platform certainly has its advantages, it does not offer the functionality that some professional level packages do. IKON Royal does not offer much in the form of uniqueness, but it does provide a solid fair, no-nonsense trading environment, with the added perks of spot Gold and Silver as tradable instruments. All the majors are there and the spreads are decent, order execution is average, payments are processed quickly and efficiently, the broker is well capitalized, and NFA regulated, and all deposits and withdrawals are free. Unless you are looking for something very unique and specific, there is no reason not to give IKON a look - you won't be blown away, but you won't be disappointed either.

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Subjective Ratings

Charting: Four and Half star Charting Rating
Execution: Four star Execution Rating
User-friendliness: Four and Half star User-friendliness Rating
Customer support: Three and Half star Customer Support Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating
Rollover interest rates: Four star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating
Platform Functionality: Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Three and Half star Average Rating

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Business Details

Broker Headquarters: New York, USA
Regulated By: NFA (0327622)
FCM registered with CFTC
Client Account Segregation: No
Collect Taxes on Earnings:
Accept US traders?:
Main liquidity providers:
Broker Capital as of 02-2009 $15,013,602
Registered Business Name: IKON Global Markets Inc.
In business since year: 2003
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
BPS (USD only) $0 $0
Check $0 $0
PayPal $0 $0
Wire Transfer $0 $0

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Trading Conditions

Browser platform: None
Downloadable platform: IKON MetaTrader 4 (MT4)
Mobile platform: None
Phone dealing: Yes
No Dealing Desk Execution: No
Fixed spreads: No
Guaranteed stop losses? Yes, except under extraordinarily volatile conditions
Hedging capability: Yes
Trading Hours:
Timezone GMT+2 (No Sunday bar in charts
Scalping allowed: No
Account currencies available: USD
Platform languages: English
Support languages: English
Demo account: 14 days
Live chat support: Yes, during trading hours
Promotions & tournaments:
Swap-free accounts  
Typical spread on EUR/USD: 2 pips (0.0002)
Order processing: Market Maker
OCO orders available: No
Trailing Stops: Client-side
If/then orders available: No
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Not loaded
Tradeable Instruments: 22   
Automated Trading:
Depth of market view (Liquidity): No depth of market view available
Interest on Margin: No
Pending Orders Away from Market:

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* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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