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Compare Forex Brokers IKON Royal And UFX Bank


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Subjective Ratings

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IKON Royal

UFX Bank

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

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Business Details

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IKON Royal

UFX Bank

 
Registered Business Name: IKON Global Markets Inc. UFX Trade LLC
Broker Headquarters: New York, USA Israel
Also has offices in: None Nicosia, Cyprus and Chicago, IL, USA
Regulated By: NFA (0327622)
FCM registered with CFTC
Unregulated
In business since year: 2003 2009
Broker Capital as of 02-2009 $15,013,602 Unknown
Client Account Segregation: No No
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
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Western Union $0 $0
Wire Transfer $0 $0
Main liquidity providers:   Various major European banks

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Trading Details

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IKON Royal

UFX Bank

 
Browser platform: None UFX Bank by ParagonEX Trading Solutions
Downloadable platform: IKON MetaTrader 4 (MT4) None
Mobile platform: None UFX Bank by ParagonEX Trading Solutions
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:
Platinum Account 200:1* $10,000/unlimited 10,000/20,000,000 units
Mini Account 200:1* $500/$999 5,000/200,000 units
Standard Account 200:1* $1,000/$4,999 5,000/1,000,000 units
Gold Account 200:1* $5,000/$9,999 5,000/2,000,000 units
Swap-free accounts       - swap-free accounts are charged slightly higher spreads
Tradeable Instruments: 22    40   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) for Platinum Accounts, 3 pips (0.0003) for Gold Accounts, 4 pips (0.0004) for Standard Accounts, 5 pips (0.0005) for Mini Accounts
Fixed spreads: No No
Guaranteed stop losses? Yes, except under extraordinarily volatile conditions Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Trailing Stops: Client-side None
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: No
Trading Hours:   Sunday 9 pm GMT until Friday 9 pm GMT
Timezone GMT+2 (No Sunday bar in charts GMT
Scalping allowed: No Minimum time to close a deal after opening it is 1 minute.
Account currencies available: USD USD
Platform languages: English Arabic, English, French, Portuguese, Spanish
Support languages: English English
Demo account: 14 days Yes
Live chat support: Yes, during trading hours Yes, during UFX Bank trading hours
Interest on Margin: No No
Promotions & tournaments:   25% up to $5,000 free on new client deposits. Bonus must be traded 15,000 times in volume before withdrawals can be made.

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