Ikon Royal spreads | Forex Factory

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Ikon Royal spreads

  • #1
  • First Post: Edited 12:08pm Jul 3, 2008 10:31am | Edited 12:08pm
This MT4 broker seems to have spreads equal to HotspotFx ECN but WITHOUT COMMISSION!

London/NewYork
Typical price (not lowest, but typical)

Hotspotfx (with at least $10 per round trip)

GBP/JPY 3-4

Eur/usd .6-2

Usd/Jpy .6-2


Ikon Royal

GBP/JPY 3-4 WITHOUT COMMISSION

Eur/USd 1-2 WITHOUT COMMISSION

Usd/JPY 1-2 WITHOUT COMMISSION



SO I ASK. HOW ARE THEY ABLE TO DO THIS? Their not an ecn but they are offering fantastic prices on spreads.

Dont they have to widen the spread at least a little bit in order to make money on the spread?

Also, anyone who has more info on trading with these guys let me know how it has gone.

I cant find a better broker as far as advantages.

GREAT SPREAD
$1000 Minimum Start up
100:1 Leverage (bettern than Oanda)
MT4 Platform
Mini Lots ($1/pip)
Great Execution

It all seems too good to be true. And you know what they say about things that "seem" to good to be true. But you never know.

Let me from some of you.

Thanks.


Mike Lewthwaite


.
  • #2
  • Jul 4, 2008 11:39am Jul 4, 2008 11:39am
I have no complaints so far about them. Here's some more feedback: http://www.earnforex.com/reviews/roy...ing_review.php
  • #3
  • Jul 4, 2008 2:26pm Jul 4, 2008 2:26pm
Ikon given 2 stars out of Five

Would be nice to know who is happy, just upset and who is telling it like it really is trading with them. IMO
http://www.forexpeacearmy.com/public...www.ikongm.com
  • #4
  • Jul 4, 2008 2:41pm Jul 4, 2008 2:41pm
Quoting ut2DaMax
Ikon given 2 stars out of Five

Would be nice to know who is happy, just upset and who is telling it like it really is trading with them. IMO
http://www.forexpeacearmy.com/public...www.ikongm.com
Oh yeah, there's a reliable source!
Not all sins are created equal
  • #5
  • Jul 4, 2008 5:01pm Jul 4, 2008 5:01pm
They are alright. I have been using them for a few months. No complains really.

I would also like to know how they make money. I once asked them, and they said they have a lot of institutional customers and that they make money from net exposure.

Still, I am still worried about putting too much money with them. My account with them is small.

HTH
Why do people only post a nice trending period chart?
  • #6
  • Jul 4, 2008 5:12pm Jul 4, 2008 5:12pm
Quoting yuhu
They are alright. I have been using them for a few months. No complains really.

I would also like to know how they make money. I once asked them, and they said they have a lot of institutional customers and that they make money from net exposure.

Still, I am still worried about putting too much money with them. My account with them is small.

HTH
i hope they make enough not to mess with there customers trades, i to had an account with them everything went smooth but i thought they was just to small to have a large account with.
If I Go Broke Trying Then I Will die happy.
  • #7
  • Jul 5, 2008 12:01pm Jul 5, 2008 12:01pm
any one live here with them can comment on their withdrawal speeds?
  • #8
  • Jul 5, 2008 12:16pm Jul 5, 2008 12:16pm
"How do they do it"?

How does a casino make money? Well Ikon Royal does it the same way.
  • #9
  • Jul 5, 2008 12:46pm Jul 5, 2008 12:46pm
I also run an IKON demo and am amazed at the spreads (1 pip on fiber and U/J most of the time, 1-2 on aussie, 1-3 on swiss, cad, & sterling). I asked them how much each quote is good for and they claim they'll do 500 lots (50M) notional. They are certainly ahead of Oanda across all pairs, which makes them the best DD spread-wise that I've seen.

Also, are you sure about HotSpot FXr being 3-4 on GBP/JPY? I run the ATC MT4 demo (HS FXr feed) and G/J is often 6-8, I've yet to see it lower than 6. GBP/CHF is even higher (8-12). Something doesn't seem right about it..
  • #10
  • Jul 5, 2008 1:11pm Jul 5, 2008 1:11pm
Ikon Royal is a MM.

There is nothing more to say.
ForexFactory SUCKS.
  • #11
  • Jul 5, 2008 7:25pm Jul 5, 2008 7:25pm
Quoting syrix
any one live here with them can comment on their withdrawal speeds?
Very fast withdrawal. I asked for a wire and got my funds in my account the following day.

Plus they have the tightest spreads. I have seen GBP/JPY at 2-3 pips spreads at times of high liquidity. Although the spreads are variable.
  • #12
  • Jul 5, 2008 9:09pm Jul 5, 2008 9:09pm
Quoting Trader KGB
I also run an IKON demo and am amazed at the spreads (1 pip on fiber and U/J most of the time, 1-2 on aussie, 1-3 on swiss, cad, & sterling). I asked them how much each quote is good for and they claim they'll do 500 lots (50M) notional. They are certainly ahead of Oanda across all pairs, which makes them the best DD spread-wise that I've seen.

Also, are you sure about HotSpot FXr being 3-4 on GBP/JPY? I run the ATC MT4 demo (HS FXr feed) and G/J is often 6-8, I've yet to see it lower than 6. GBP/CHF is even higher (8-12). Something doesn't seem right about it..
That ATC demo feed is NOT HOTSPOTFX feed. I tried it also and ran it next to the hotspotfx. ATC IS WAY OFF! I made a post about this earlier. They say they have ecn feed and great commission. I admit they do have great commission but it is quickly seen why the commission is so great when looking at the spreads.

Mike
  • #13
  • Jul 5, 2008 10:02pm Jul 5, 2008 10:02pm
Quoting ut2DaMax
Ikon given 2 stars out of Five

Would be nice to know who is happy, just upset and who is telling it like it really is trading with them. IMO
http://www.forexpeacearmy.com/public...www.ikongm.com
hmm. I did not see that one.

This one on the same site gives many more reviews of the same company with a 4 star rating.

http://www.forexpeacearmy.com/public...w/www.rfxt.com

Mike
  • #14
  • Jul 6, 2008 3:56am Jul 6, 2008 3:56am
Quoting Pip Ventures
That ATC demo feed is NOT HOTSPOTFX feed. I tried it also and ran it next to the hotspotfx. ATC IS WAY OFF! I made a post about this earlier. They say they have ecn feed and great commission. I admit they do have great commission but it is quickly seen why the commission is so great when looking at the spreads.

Mike
It IS the HotspotFX live feed, just not the HotspotFX *DEMO* feed. They are different.
  • #15
  • Jul 6, 2008 8:28am Jul 6, 2008 8:28am
Quoting syrix
any one live here with them can comment on their withdrawal speeds?
I have done withdrawal 3-5 times, and each time it is next day.
Why do people only post a nice trending period chart?
  • #16
  • Jul 6, 2008 9:57am Jul 6, 2008 9:57am
read one of the reviews that ppl from SG have problems with their live accounts. Anyone here has any comments on that?
  • #17
  • Jul 7, 2008 4:59am Jul 7, 2008 4:59am
Does anyone know if these guys allow scalping?
  • #18
  • Jul 7, 2008 7:25am Jul 7, 2008 7:25am
Quoting forexmoments
Does anyone know if these guys allow scalping?
I asked them specifically before and they said they will not interfere in any trading style.

i wouldnt conside them if they did not.

Mike
  • #19
  • Jul 9, 2008 4:59am Jul 9, 2008 4:59am
Quoting Pip Ventures
I asked them specifically before and they said they will not interfere in any trading style.

i wouldnt conside them if they did not.

Mike
Ok thanks.
  • #20
  • Jul 10, 2008 10:50am Jul 10, 2008 10:50am
are the spreads fixed during news time?
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