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Compare Forex Brokers IKON Royal And Baron Forex


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Subjective Ratings

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IKON Royal

Baron Forex

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

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Business Details

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IKON Royal

Baron Forex

 
Registered Business Name: IKON Global Markets Inc. BFX Capital Inc.
Broker Headquarters: New York, USA Belize City, Belize
Also has offices in: None New York, Toronto, Cyprus
Regulated By: NFA (0327622)
FCM registered with CFTC
IFSC (Belize) No. 6012909
In business since year: 2003 2008
Broker Capital as of 02-2009 $15,013,602 Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings:   No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
BPS (USD only) $0 $0
Check $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers:   Several major banks in Switzerland and the UK

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Trading Details

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IKON Royal

Baron Forex

 
Browser platform: None None
Downloadable platform: IKON MetaTrader 4 (MT4) Baron Forex Metatrader 4 (MT4)
Mobile platform: None None
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts       Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 22    26   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? Yes, except under extraordinarily volatile conditions Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes
Trading Hours:   Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT+2 (No Sunday bar in charts GMT datafeed
Scalping allowed: No Yes, traders are free to practice any trading style.
Account currencies available: USD CAD, EUR, USD
Platform languages: English Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English English, Spanish
Demo account: 14 days 30 days
Live chat support: Yes, during trading hours Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments:   $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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