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IKOFx reviews

IKOFx_logo IKOFx 6/10 (votes 2491)

On-line since: 2009
Country of origin: Vanuatu
Regulation: FSC (Vanuatu)
Payment options: wire transfer, Visa, MasterCard, Perfect Money, Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: 1:1000
Spreads: variable, fixed, from 2 pips

IKOFX was founded in 2009 in New Zealand. Currently, the office of the broker, which belongs to IKO Global Limited, is headquartered in Vanuatu. The company executes client orders through the Non Dealing Desk technology. The company acts as an intermediary providing clients with direct access to the market. IKOFX has a strong presence in the Asian market.

The broker offers three account types. The mini account has the minimum deposit of mere $1. Each account type has the same set of trading instruments consisting of 26 currency pairs, gold, and silver. Leverage varies depending on the account type:

  • Mini Account — 1:1,000;
  • Standard Account — 1:500;
  • ECN Account — 1:200.

The company supports partnership with its clients and offers several affiliate programs, such as White Label IKOFX and MAM accounts.

The clients are given trading instruments and interactive diagrams. Traders can also benefit from various educational materials, including IKOFX Knowledgebase, the Forex School section with forex trading 101, and an economic calendar. Any information about the broker can be found on the website with help of easy navigation.

To help traders make right trading decisions, IKOFX regularly posts video reports on the most important and latest news of the currency market.

The broker uses MetaTrader IKOFX, a specially designed analogue of the standard MT4 platform. The company’s services are integrated with the platform.

IKOFX also supports the following platforms: IKOFX iPhone Trader, IKOFX iPad Trader, IKOFX Android Trader, as well as IKOFX Web Trader and Meta Multi Terminal. A free demo version allows traders to improve their strategies without risking their funds. The demo account is available only after registration and logging in.

All company news, events, promos and bonus information are posted on the official web pages in social media, thus enabling traders to keep track of all the recent updates in real time.

The customer support service is available 24/5 in English. Clients speaking Indonesian, Chinese, and Malaysian can contact the broker from 00:00 to 22:00 GMT Monday to Friday.

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Comments about broker

elinor trader
review IKOFx

Along my journey with IKOFX I have a bad trading experiences with them make me decide to left them as too many problem with the system. In fact, I have been using a few number of brokers to trade to diversify my money not relying on one broker only but somehow trading with IKOFX I noticed something not right while trying to generate profit on the online platform. I used to trade on major pairs like EUR/USD pair and USD/JPY but I noticed that there is a slippage on charts but when I check with other broker there is no slippage occurred. Basically take profit and stop loss is my favorite strategy in order to set my risk rewards easily but it won’t execute properly and always delay. Last time, I have made a withdrawal by Wire Transfer amount of 300 USD but transaction process was too slow and it took nearly to a week to get money credited into bank account. To me IKOFX broker is not the best broker to choose to trade with.

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