Ikon GM review
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.
In Ikon GM you can use the following platforms:
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.
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.
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.
Ikon GM 2/10 (votes 2192)