Forex Broker

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IKOFx Ulasan

On-line since: 2009
Country of origin: Vanuatu
Regulation: VFSC
Payment options: wire transfers, credit cards, electronic payment system
Minimum account size: $0
Minimum lot size: 0.01
Leverage: up to 1:1000
Spreads: variable

About company:

IKOfx offers its clients to trade more than 26 currency pairs and precious metals on the standard MetaTrader 4 platform.

The IcoFX LTD, founded in 2009, is owned by a company based in New Zealand. However, the broker was removed from the Financial Service Provider Registry of New Zealand in 2015. At the moment, it operates in accordance with the Vanuatu Financial Services Commission (VFSC).

Security of funds

Vanuatu is an offshore tax-free territory where the registration procedure is quick and inexpensive for Forex and binary brokers. Therefore, you should always be very careful when dealing with brokerage companies registered offshore as some of them are scammers. Traders have no financial protection in case of fraud or the company’s bankruptcy. This is why we highly advise traders to avoid such companies and choose licensed Forex brokers in Cyprus or in Australia.

Trading conditions

The broker provides 3 types of a real trading account: Mini, Standard, and ECN. Traders are allowed to trade on Mini and Standard accounts without swaps, but only at the request of the traders themselves. Besides, you can open a free training account (demo account).

Minimum deposit

The minimum deposit for a Mini account is $1. The maximum deposit for a Standard account is $2000.

Spreads and commissions

Fixed spreads are usually 2 pips on the EUR/USD pair. However, there is no information on the fees applied to ECN accounts.


Leverage is 1:1000 on a Mini account, 1:500 on a Standard account, and 1:200 on ECN account.

Trading platforms

IKOfx offers its services on two platforms – MetaTrader4 and IKOfx WebTrader. MT4 is available in 2 variations, a desktop one and a mobile one. MT4 provides plenty of tools and functions which are necessary for a trader: fast orders execution, a number of technical indicators, an extended charting package, and a wide range of expert advisers (EAs). IKOfx WebTrader is a trading web-based platform that allows traders to login with their IKOfx MT4 username and password without any setup. In fact, this is the only advantage.


The broker has a Forexpedia that explains the trading principles in the international currency market.

Support service

The broker specifies a single UK phone number as the method of communication. You can also contact the broker via sending an email or via live chat. The broker is active on social networks such as Blog.IKOFX.com, Twitter, Facebook, and LinkedIn. You can follow the updates of the company subscribing to any social network as well as to its official website.

Payment options

The following payment options are offered to IKOfx customers: credit/debit cards (Visa & MasterCard), wire transfers, and Perfect Money.


IKOfx is an experienced offshore broker who provides typical conditions for trading currency pairs and precious metals on MT4 and IKOfx WebTrader. Traders mainly complain about draining their money by the broker.


  • small deposit;
  • MT4;
  • ECN;
  • bonuses.


  • offshore broker;
  • analytical section is outdated;
  • lack of indices or CFDs on shares.

IKOFx 2/10 (votes 2191)
Author dari IKOFx: Pieave | Tanggal 2019-05-12
I have traded for over 3 years now and tried many brokers. I can honestly say IKOFX has been the best by far. I opened an account 4 months ago. I am mostly a news trader, and slippage and spread are important for me. I found that their spreads are very low, the execution is good, the slippage has been bidirectional. I love their easy withdrawals, back in my account in less than 4 hours. My last withdraw of $600 takes only 2 hours to be processed. Highly recommend them as a broker.
Author dari IKOFx: Bolour | Tanggal 2019-02-01
It has been three years since I started trading at IKOFX. In those years, I never had a major problem in terms of trading. In fact, I think their platform is undeniably perfect. I use the web version and it is very easy to use. Even beginners will have no trouble using it. Scalping is also allowed here and is even favorable to them because the spread is tight and the execution is rapid. Deposit and withdrawal are also fast as long as you have submitted the necessary documents beforehand and have verified your identity.
Author dari IKOFx: pipdoyan | Tanggal 2018-11-21
I recommend IKOFX because this broker is honest and Excellent for me. I like the way the platform works, it provides the best services and the best trading conditions. Their spreads are fixed at 2 pips, an efficient support team which replies your doubts very fast, they are well trained. When I join them last February, I applied for the welcome bonus and got about $150 then I use for my fisrt deposit. They gives me good enouhg profit that around 30% to 45% and to withdraw the profit it takes less then 8 workin hours and I use wire transfers same system like I made my deposit. I feel more comfortable and secure about money in account because they provide personal mobile phone security system. IKOFX is a good broker.
Author dari IKOFx: fxbeffsalad | Tanggal 2018-09-12
IKOFX is my first trading company and I think they also will be my last because for almost 3 years all I get is nice impression so far. Usually I made deposit about $200 to $500 and the profit I get almost 45% from my deposit, it very satisfying because the spreads fixed from 2 pips. Besides when I requested withdrawal they never make me wait so long for them to be credited profit into my bank account. Its very fast process through wire transfer that took less than 8 hour for me to get my money in trading account. I will strongly recommend IKOFX to all my friends and family.
Author dari IKOFx: Trader_Xosafin | Tanggal 2017-11-09
I prefer IKOFX broker so far. Almost one and half months ago, I made a $250 deposit via PerfectMoney and got 40% welcome bonus. Use their MT4 platform to trade and found far the best execution I have ever got on MT4. I never get disconnection and all my EAs work fine. Last NFP news place an order using EA and I got profit 186$ that was amazing. Two days ago, I withdraw from my profit of $350 via PerfectMoney and they send it on my account same day even they didn't deduct any fee. They surely deserve a 5 star rating!
Author dari IKOFx: nawaz | Tanggal 2017-10-13
Shortly after I acquired a lot of knowledge from the complimentary trading account, I decided to open a Mini trading account, with a small trading capital worth $150. I began to place an order for the commodities like the Gold and Silver and my first week was awesome because I managed to earn 25% of profits from the trading volume. There was a time I encountered delayed executions and when I raised my concern to the management, they immediately replied and compensated me with a reasonable amount. I was literally amazed, because I didn't expect it. The incident occurred two months ago only and because of that, I decided to refer my friends and guess what! I got a commission from referrals. In fact, I just received my 1st commission yesterday. The money was instantly credited to my trading account.
Author dari IKOFx: fxkibanman | Tanggal 2017-08-18
IKOFX is a simple the best broker for me. I am so thank to my friends who has introduced this broker to me so i got success trading during this years. I join them in March and up to now them have satisfied me because of excellent profits and no real major issues while trading and withdrawal the bonus and profit. The MT4 platform fast and stable, it's run without any problem. Basically, their 2 pips are ideal spreads for making a profit that make I get almost 100% profit from deposit amount in my every trading. EUR/USD is most desired currency pair and I will focus more on it to ensure more profitable trades rather that opened multiple trade market. I am impressed with this broker and really recommend it.
Author dari IKOFx: Irinafx | Tanggal 2017-07-28
I opened a Standard account with IKOFX starting January, and I deposited 2000$ with the system Perfect Money because it has 0% commission and the money is credited instantly to my account, however to withdraw money it takes 1 working day.Their platform Meta Trader 4 and Android Trader work fine, with real time prices and fast execution of trades. I don;t have re-quotes during volatility times. I use also one EA during my trading sessions and it helps a lot with the currency pairs EUR/USD, USD/CHF, USD/JPY, GBP/EUR. Beside that I trade also Gold. My monthly profit is on average 1300$. I use also the Forex Calculator which helps me also with my trading strategy. I had some positions closed during one night with a lost of 132$ and after I called the support team they opened back my positions and credited the money to my account. Till now is a honest broker with transparent policy fee.

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