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Ikon GM - Royal Division

Company
Name of the Broker Ikon GM - Royal Division-
Broker
Accounts
Demo account link
Live account link
Ratings
Overall Rating 4-
Safety of funds 3-
Software ease of use 8-
Tools and resources 2-
Set-up process 5-
Customer support 5-
Timeliness of application 5-
Funding options 6-
General
Dealing desk/NDD
Minimum account size 1000-
Max leverage 100:01-
Application processing time 1 week-
Fixed spreads no-
Fractional pips no-
Automated trading no-
Offer options no-
News and Charts
Free charts no-
Free charts with broker feed yes-
Premium charts w/feed no-
Trading off charts no-
News yes-
Economic calendar no-
Applications and Usability
Integrated charts yes-
Integrated news no-
Margin watcher no-
Trailing stops no-
Web based application no-
Downloadable application yes-
MT4 available yes-
Training video available no-
Usability of software (1=poor, 5=very good) no-
Courses and Webinars
Free training signals no-
Webinars no-
Beginner course no-
Intermediate course no-
Advanced course no-
Help and Support
Phone Support 888 347 2185-
Live Chat Live Chat-
Email support Email Support-
Other Details
CFTC/NFA member yes-
FSA (London) no-
Other (by whom) -
Segregated account available no-
Segregated account standard no-
Client funds held separate from operating funds no-
Balance sheet available yes-
NFA member page -

Ikon GM Royal Division Basic Information

Ikon GM Royal Division is part of Ikon Global Markets, Inc a firm which is regulated by the CFTC and registered with the NFA, although Ion GM Royal Division is not individually regulated themselves. Although they are part of the larger company, not being an individually regulated themselves may cause some people a little concern as RefcoFX was not individually regulated but instead fell under Refco Group. When Refco Group went bankrupt, RefcoFX clients were not able to get their funds. Although this is unlikely it is something to keep in mind.

Live accounts of Ikon GM Royal division get access to live news, but demo clients do not. Ikon GM Royal is using the MT4 or metatrader 4 platform as well as MetaTrader Broker 4 Mobile. They also offer an introducing broker (IB) program. Live clients can deposit funds via EFT, bank wire, paypal as well as paper check.

Review of Ikon GM Royal Division

The resources offered by Ikon GM are lacking. They provide 24 hour support via phone, email and live chat but expect a long wait during peak hours. They are also a dealing desk platform which may not be suitable for all traders. Biggest concern with this broker is safety of funds as they not individually regulated by instead are a division of a regulated firm as well as their lack of trader resources. It is also very difficult to find information about the company itself other than looking up Ikon Global Markets with the NFA. They do offer spot gold and silver through the MetaTrader platform.

Tools Available at Ikon GM Royal Division

Tools are resources are very sparse. They offer live news to live clients and a basic charting package.

Spreads Available at Ikon GM Royal Division

Ikon GM Royal Division offers variable spreads through a dealing desk model. For Direct accounts spreads are as low as 2 pips for EUR/USD but get higher. For Pro accounts, which need to be started with at least $25,000, spreads are as low as 0 pips, but it comes with a $5 round turn commission per standard lot.

Educational Products

Ikon GM Royal Division offers no educational programs, but instead has a few pages on their website with forex basic information listed.

Forex Regulation

Ikon GM Royal Division is part of Ikon Global Markets, inc. NFA number 0327622. More information about Ikon Global Markets can be found here.

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