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Compare Forex Brokers eToro And IKON Royal


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Subjective Ratings

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eToro

IKON Royal

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

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Business Details

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eToro

IKON Royal

 
Registered Business Name: Tradonomi LLC IKON Global Markets Inc.
Broker Headquarters: Cyprus New York, USA
Also has offices in: None None
Regulated By: CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
NFA (0327622)
FCM registered with CFTC
In business since year: 2004 2003
Broker Capital as of 02-2009 Unknown $15,013,602
Client Account Segregation: Marfin Popular Bank, Cyprus No
Collect Taxes on Earnings: No  
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
MethodDeposit FeeWithdrawal Fee
BPS (USD only) $0 $0
Check $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown  

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Trading Details

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eToro

IKON Royal

 
Browser platform: WebTrader None
Downloadable platform: eToro (proprietary) IKON MetaTrader 4 (MT4)
Mobile platform: WebTrader None
Phone dealing: Yes Yes
Order processing: STP (Straight Through Processing) Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Swap-free accounts   Yes - no extra fees are incurred on Islamic style accounts    
Tradeable Instruments: 18    22   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002)
Fixed spreads: Yes No
Guaranteed stop losses? Yes Yes, except under extraordinarily volatile conditions
Trailing Stops: None Client-side
OCO orders available: No No
If/then orders available:   No
Hedging capability: Yes Yes
Automated Trading: No
Trading Hours: Sun. 21:00GMT - Fri. 20:00GMT  
Timezone GMT GMT+2 (No Sunday bar in charts
Scalping allowed: No, eToro does not allow scalping No
Account currencies available: USD USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, Turkish English
Support languages: Arabic, Chinese, English, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish English
Demo account: Unlimited 14 days
Live chat support: Yes - within platform Yes, during trading hours
Interest on Margin: No No
Promotions & tournaments: 5% bonus on deposits of $20,000 or more.  

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