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Ikonfx Forex Broker


Review of the broker Ikonfx

IkonFX-Forex Broker Review

Ikonfx is a regulated broker with presence worldwide which offers a lot of services for traders interested in Forex trading and other instruments such as options. This company is regulated by the CFTC and NFA in United States and the FCA in UK. This broker offers a wide variety of trading assets and various options of trading platforms designed for investors with different profiles.

Type of broker

Ikonfx is a ECN/NDD broker.


Ikonfx is registered and under regulation of some of the main financial regulatory agencies in the world.

  • It is regulated by the Commodity Futures Trading Commission (CFTC) of USA.
  • It is registered with  the National Futures Association (NFA No.0327622) in USA.
  • Now, this broker has a partnership with NASDAQ in USA.
  • Authorized and regulated by the Financial Conduct Authority (FCA No. 525113) in the UK.
  • Authorized and regulated by the Financial Government of Tianjin, China.
  • Also, Ikonfx is registered with IFSCL of New Zealand and Ras Al Khaimah Free Trade Zone (RAK No. 2993) of Dubai.

Country of origin

This company has presence in various countries around the world including United States (New York), United Kingdom (London), China, New Zealand and Dubai.

Trading Instruments

This broker gives the trader the possibility to trade with the following instruments:
  • Forex Market*: More than 55 currency pairs in the spot market, from the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/RUB for example.
  • Commodities: Gold and Silver in the spot market, two of the most traded and important commodities in the market.
  • Futures: Futures contracts based on a lot of financial assets such as currency pairs, stocks, commodities, indices and other. In this case, IkonFx allows to trade with Futures through the following exchanges:
    • CME
    • CBOT
    • ICE
    • NYSE
    • NYMEX
    • NFX
    • LIFFE
  • Options: Financial options based on different financial assets such as currency pairs (Forex), metals, stocks, indices and other financial assets.
  • Contracts For Difference: CFDs based on currency pairs, metals, stocks, indices and other financial assets.
  • Non-Deliverable Forward: NDF of the main emerging markets worldwide including Brazilian Real, Russian Ruble, Indian Rupee, and Colombian Peso.

Trading Accounts

Ikonfx offers one main trading account for all its clients. However, depending on the financial assets that the client wishes to trade, this broker offers different services and conditions including specialized trading platforms for each type of instrument.

Depending on the type of financial instrument the main conditions for these accounts are the following:

  • Forex Market: Minimum deposit of $150 with a maximum leverage of 1:500 and variable spreads from 0.3 pips.
  • Precious metals: Minimum deposit of $250 with a maximum leverage of 1:250
  • Futures:  Minimum deposit of $1000 with a maximum leverage of 1:100.
  • Options: Minimum deposit of $1000 with a maximum leverage of 1:100. The minimum lot size is 10000 units.

Demo Account

Ikonfx offers a demo account for 30 days.This demo account includes a virtual fund of $50 000 for practicing.

Trading Platforms

This broker offers several trading platforms designed specifically to trade with different financial assets. Each platform has different features designed for all types of traders. The main features of these applications are the following:

-Maximus: This platform is a Metatrader 4 based application which was designed to trade with currency pairs and precious metals in the spot market with greater market depth. Thanks to this feature this platform offers a quick and timely execution, so it is a platform for traders who wish to trade with a ECN execution. Through this application, the trader can trade with 5 digit price and quite low fixed or variable spreads. It is the only Ikonfx platform in which the client is authorized to perform scalping. Like all based Metatrader 4 platform it has several advantages such as multiple tools for market analysis, many built-in technical analysis indicators, advanced graphics and other similar. It also allows the implementation of Expert Advisors.

-Turbo Meta: It is an application based on Metatrader 4, one of the most comprehensive and popular trading platforms in the sector. Through Turbo Meta, the trader can trade with currency pairs in the Forex market (fixed spreads from 2 pips for major currency pairs) and with gold and silver in the spot market. Among its advantages, this platform includes many technical analysis tools and advanced price charts with different time frames (from 1 minute to 1 month), dozens of technical indicators incorporated, updated financial news and other related resources. This application also allows the programming, evaluation and implementation of automated trading systems called Expert Advisors.

-Multibank: It is a platform based on Metatrader which provides updated quotes provided simultaneously by 80 banks. This feature allows this application to a provide fast execution of orders without requotes and with very low floating spreads from 0.3 pips for major currency pairs. It is an application designed for traders and investors who require the best trading conditions due to the type of trading strategy that they employ. Besides this, it has the same advantages offered for all Metatrader based platforms as advanced graphics and built-in technical indicators for example.

-Prodigy: It is a downloadable platform designed by Ikonfx, which can operate with a variety of instruments, including Forex, metals (gold and silver), options and NDF. This application offers a user friendly interface, fast execution of trades, multiple order types, “Multi-Layer” market depth and various ECN solutions with fixed commissions. It also offers high liquidity because it has access to some of the major banks worldwide. Maximus includes advanced graphics, technical analysis tools and reports of important news related to the market (fundamental analysis).

-Currenex Viking: Currenex Viking is an award-winning trading platform which which allows to trade with  currency pairs in the spot market, precious metals, futures and options through one application. It is a pure ECN platform which allows the trader to participate in placing live orders with transparency and liquidity. Among its advantages, it includes a fast order execution without requotes, market depth, various types of executions, 7 types of orders, one-click trading, updated market news, advanced charts with technical indicators and prices provided by the interbank network which is connected to the broker.

-Elite: This platform was designed specifically to trade with futures through the major futures exchanges worldwide such as the CBOE (Chicago Board of Trade) and the CME (Chicago Mercantile Exchange). Its main advantages include a highly efficient order execution of fractions of seconds, a wide variety of order types, market depth and position management functions among others. Also, this application has several capabilities for routing orders through major Futures exchanges.

-IKON-NASDAQ NFX: It is an application designed to provide direct access to NASDAQ Futures Exchange (NFX) and was developed through a partnership of Ikon Group with NASDAQ. With this platform, the trader can view the live prices of NASDAQ Market Futures Exchange and place buy and sell orders to trade with World Currency Products (WCP), which are currency exchange based Futures (NFX offers contracts based on seven currencies). These instruments are an interesting option for all investors to include in their hedging portfolio.

Payment Options

-This clients of Ikonfx can deposit and withdrawal funds through Bank Wire Transfer,credit card (The major credit cards like VISA and Mastercard), debit cards and Skrill (Moneybookers).

Main Advantages of IkonFX

  • Ikonfx is regulated broker which is inscribed with the main financial regulatory agencies worldwide as the NFA and FCA.
  • Ikonfx is a ECN/NDD broker which gives total access to the main liquidity providers of the market, including major world banks such as  Bank of Switzerland (UBS), JP Morgan, Citibank, Barclays, Dresdner Bank, Deutsche Bank, Morgan Stanley, Bank of America, Goldman Sachs and FXALL. Due to this the client of Ikonfx has the best quotes, very low spreads and a fast execution.
  • It is a company with worldwide presence.
  • All trading platforms of this broker connect with the ECN network.
  • This company offers a lot of financial assets besides Forex to trade in the market including commodities, CFDs, options and NDFs.
  • As an ECN broker Ikonfx accepts any type of trading strategy, including those based on scalping that many Market Makers brokers simply do not accept.
  • This broker allows the execution of automated trading strategies (Expert Advisors) through the Metatrader 4 platform. For this reason it has its own VPS (Virtual Private Server).
  • This broker offers PAMM accounts (trading accounts managed by expert traders and asset managers) and MAM accounts (it is a solution for professional traders and asset managers that which manage several trading accounts simultaneously ).
  • This broker has an excellent customer service through e-mail, telephone and a live chat in its website. This chat is active 24 hours a day.

IkonFX Main Promotions 

  • This broker offers regular bonuses for trading account opening and the deposit of funds. The amount of these bonuses depends of the capital deposited by the client. 
  • Also, Ikonfx offers a bonus for the transferring of funds from another Forex broker.

Other categories of this broker

  • Gold Broker
  • Silver Broker.
  • ECN Broker.
  • Options Broker.
  • Futures Broker.
  • Regulated Broker.
  • Metatrader Broker.

Company Ikonfx is part of Ikon Group a company with presence worldwide
Minimum account size $150.
Minimum lot size 0.01 lot.
Maximum Leverage(FX) 1:500

It offers variable and very lows spreads from 0.3 pips for EUR/USD.

Link to the website IkonFX Website
Open an account Regulated Forex broker Ikonfx



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4 comments to Ikonfx Forex Broker

  • Ikonfx learner

    Im a beginner and introduced by a friend to Ikonfx ( Now I’m using the IKON Maximus Platform.

  • hook

    i like them so much,i’ll be always keep them for deal with my save.

  • who is ikonfx

    I have tried many platforms with different Brokers,I think that Ikonfx is stability, spreads and user-friendliness.

  • paul

    Dear Sir,

    Am very new in Forex trading Business.

    looking for pamm(Percentage Allocation Management Module) services providers.

    Do you offer the same? if the answer is yes please send me the link on to accessing pamm fund-managers list.


    paul sseruyange

    Junior forex Trader

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