IKONGM

About company:

IKON Global Markets provides online Forex and futures trading services for investors / traders around the world.

 

Ikon Global Markets was founded in 1999 and is based in New York, NY. The broker has been working under the NFA license for a long time. The association has programs to protect traders from broker fraud. The regulator reports to the Commodity Futures Trading Commission (CFTC), both organizations work closely together. Brokers must have US $ 15,000,000 at their disposal to prove to the NFA that they can maintain the positions of their traders. The provision of regular reports, financial statements are also an integral part of the NFA requirements.

 

In 2010, the broker was fined US $ 320,000 by the NFA. Today the broker seems to have solved his financial problems and is offering trading to clients again. However, the information on whether the broker continues to be regulated by the NFA does not publish. Although all US organizations providing online trading services should be regulated.

 

Trading platforms

Ikon GM can use two platforms:

 

IKON Prodigy

 

IKON Futures

 

The IKON Prodigy platform is suitable for Forex trading as well as binary options. The platform is fully customizable and suitable for new traders and professionals as it comes equipped with both simple and complex options.

 

The IKON Futures terminal is designed for futures trading, and the platform offers competitive commissions, an intuitive interface and various tools. The broker is a fan of Buy and offers demos for both platforms so that traders can test the platforms before they decide to buy.

 

Account types

There is a Forex account and a futures account. The forex account requires a minimum deposit of $ 1000 and the leverage is 1:50. This requirement, according to US law, was introduced to protect traders. Spreads are variable and start at 1 pip. Traders can open a separate or joint account with Ikon GM. Shared Account refers to an account with two or more co-owners. The broker's website doesn't provide much information on account types.

 

Ikon GM Bonus

This US broker offers a bonus that depends on how much you deposit. For example, if you deposit between $ 1.001 and $ 1.949, you can get $ 100 bonus money, which you can withdraw after trading 50 lots. The broker also conducts referral promotions, where the minimum number of attracted clients is 5 people. For demo users, there is also a bonus to the demo competition, through which the top four players will be rewarded with a bonus ranging from $ 1,500 (first place) to $ 300 (4th place).

 

Ways of payment

The broker does not offer a variety of payment methods and traders can only deposit and withdraw funds via bank transfer and credit cards. Requests are processed within one business day.

 

Support service

The broker offers to contact specialists by phone and one of 7 different e-mail boxes. This makes the broker's work more efficient as specialists answer questions faster. The broker also offers a callback and live chat.

 

Pros:

 

bonuses.

 

Minuses:

 

high minimum deposit; was fined by the NFA; the trading conditions on the site are not fully presented; does not offer MT4.