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Compare Forex Brokers IKON Royal And MIG fx - MIG Investments


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Subjective Ratings

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IKON Royal

MIG fx - MIG Investments

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating Four 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 Four star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Four 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

MIG fx - MIG Investments

 
Registered Business Name: IKON Global Markets Inc. MIG Investments SA
Broker Headquarters: New York, USA Neuchatel, Switzerland
Also has offices in: None none
Regulated By: NFA (0327622)
FCM registered with CFTC
ARIF (Switzerland)
In business since year: 2003 2003
Broker Capital as of 02-2009 $15,013,602 Unknown
Client Account Segregation: No No
Collect Taxes on Earnings:   No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
BPS (USD only) $0 $0
Check $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers:   UBS

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Trading Details

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IKON Royal

MIG fx - MIG Investments

 
Browser platform: None none
Downloadable platform: IKON MetaTrader 4 (MT4) MIG fx Metatrader 4 (MT4)
Mobile platform: None none
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Institutional Account 100:1* $500,000/unlimited 10,000/20,000,000
Standard Account 200:1* $5,000/unlimited 10,000/20,000,000
Professional Account 100:1* $100,000/unlimited 10,000/20,000,000
Swap-free accounts       No swap-free accounts available
Tradeable Instruments: 22    34   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) on Standard and Professional Accounts. 1 pip (0.0001) on Institutional Accounts.
Fixed spreads: No No
Guaranteed stop losses? Yes, except under extraordinarily volatile conditions Stop orders executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes
Trading Hours:   From Sunday 23:00 CET through Friday 23:00CET
Timezone GMT+2 (No Sunday bar in charts CET (Central European Time)
Scalping allowed: No No, scalping strategies are not
Account currencies available: USD AUD, CAD, CHF, EUR, GBP, JPY, USD
Platform languages: English Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English Afrikaans, Arabic, Cantonese, Czech, Danish, English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Mandarin, Norwegian, Polish, Portuguese, Russian, Slovak, Spanish, Swedish, Turkish, Ukrainian, Urdu
Demo account: 14 days 90 days
Live chat support: Yes, during trading hours Yes
Interest on Margin: No No
Promotions & tournaments:   Professional Accounts receive a rebaate of $1.5 per lot round turn.

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