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Ikon GM review

Ikon GM


On-line since: 1999
Country of origin: USA
Regulation: NFA, CFTC
Payment options: bank wire, credit cards
Minimum account size: $1000
Minimum lot size: 0.01
Leverage: to 1:50
Spreads: fixed, variable

About the company:

IKON Global Markets provides online forex and futures trading services for investors and traders all over the world.

Ikon Global Markets was founded in 1999 and is based in New York. The broker has been operating under a license of NFA for a long time. The Association has program to protect traders from unscrupulous practice of a broker. The regulatory authority is accountable to Commodities Futures Trading Commission (CFTC); both organizations are in close cooperation. Brokers should have $15,000,000 at their disposal to prove to NFA that they can support their traders' positions. Regular financial reports are an integral part of the NFA's requirements.

In 2010, the broker was fined $320,000 by NFA. Today, the broker seems to have solved the financial problems and offers trading services to its customers again. However, NFA does not publish any information about the broker's regulation, although all US companies providing services of online trading should be regulated.

Trading platforms

In Ikon GM you can use the following platforms:

IKON Prodigy

IKON Futures

The IKON Prodigy platform is suitable for trading on Forex, as well as for trading binary options. The platform is completely configurable and suits new traders and professionals as it is equipped with both simple and complex options.

The IKON Futures platform is intended for futures trading, and the platform offers competitive commissions, intuitive interface and various instruments. The broker provides demo versions of both platforms so that traders can test them before buying.

Types of accounts

There are forex and futures accounts. The forex account requires a minimum deposit of $1,000 and provides a leverage of 1:50. Such a requirement was imposed to protect traders, according to the law of the United States. Spreads are variable and start with 1 pip. Traders can open a separate or joint account in Ikon GM. The joint account relates to an accounting record with two or more joint holders. The broker's website does not give much information about account types.

Ikon GM bonus

This American broker offers the bonus that depends on how much funds you deposit. For example, if you deposit between $1,001 and $1,949, you can get $100 of bonus money, which you can withdraw after trading 50 lots. The broker also runs referral campaigns, where the minimum number of attracted clients is five. There is also a bonus to the contest for demo accounts, thanks to which bonuses from $1,500 (1st place) to $300 (4th place) will be paid to four best participants.

Payment options

The broker does not offer various methods of payment, and traders can only deposit and withdraw funds through bank wire and credit cards. Requests are processed within one working day.

Support services

Clients can contact specialists through phone or one of 7 different emails. It makes the broker's work more effective as specialists answer questions faster. The broker also offers customers to use the callback service and live chart.

Advantages:

  • bonuses.

Disadvantages:

  • high minimum deposit
  • fined by NFA
  • trading terms are not fully presented on the website
  • does not offer the MT4 trading platform.

Ikon GM 2/10 (votes 2192)
Author of Ikon GM: Travis | Date 2021-07-21
Ikon GM is a cheater. I have been trading with them for 6 months, and I lost all profits that I earned in those 6 months. I sent a withdrawal request 2 months ago, but they didn't give it yet. I have called them and said that my withdrawal is still in process, but now they ignore me. They didn't even reply to my emails. And I couldn't log in to my trading account anymore. So they took all my profits. Be careful with this broker. Stay away is better than your money got stolen.
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Author of Ikon GM: Cigestra | Date 2020-12-14
I have spent four months with Ikon GM and I'm very fulfilled with their service. I do not face any problems with trade execution and my million dollar pips EA running perfectly with their IKON Prodigy platform. I have tried and tested over four other brokers platform and my EA works best with their IKON Prodigy platform. Their withdrawal also very quick, last month was made a withdrawal request of $550 via Skrill and they send it to my Skrill account within two and a half hours. I recommend Ikon GM, try this broker with confidence.
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Author of Ikon GM: Septiani | Date 2020-10-09
I appreciate that Ikon GM is trying to give satisfactory experience to their clients by minimizing the trading fees. However, they still need to work on their trading platforms as these are what affects our trading activities the most. If the platform is terrible, then it would also be difficult for us to make winning trades.
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