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Ikon Royal spreads

  • #21
  • Jul 22, 2008 12:52am Jul 22, 2008 12:52am
Quoting cka6c
are the spreads fixed during news time?
No
  • #22
  • Jul 22, 2008 12:54am Jul 22, 2008 12:54am
Can anyone who is with this broker comment on live execution.

I scalp so this is important.

Right now the demo is doing fine for execution.


Thanks,

Mike
  • #23
  • Jul 22, 2008 6:29am Jul 22, 2008 6:29am
Execution on the live account is the same as on the demo.

As to their claim that they do not interfere with your trading style ...hmm...I think all brokers do if you scalp with big lots.
  • #24
  • Jul 22, 2008 2:02pm Jul 22, 2008 2:02pm
Quoting PipStar
Execution on the live account is the same as on the demo.
If that's the case then I have to say that's impressive.
  • #25
  • Jul 22, 2008 2:21pm Jul 22, 2008 2:21pm
[quote=PipStar;2121297]Execution on the live account is the same as on the demo.

Interesting. Worth looking into it further, thanks for your feedback.
  • #26
  • Aug 17, 2008 9:49am Aug 17, 2008 9:49am
Hi guies,

All that sound good.. how about safety of fund? Any comment?

Cheers!
  • #27
  • Aug 17, 2008 11:44am Aug 17, 2008 11:44am
Never trust what you read there. ut, you've been around long enough to know better.

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
  • #28
  • Aug 18, 2008 1:53am Aug 18, 2008 1:53am
98% of the execution is about one seconds.
but the spread is crazy on the news, last time i was in UK CPI was around 40pips.


Quoting forexmoments
If that's the case then I have to say that's impressive.
Charting Markets into the Future...MǎҖ€¥.
  • #29
  • Aug 18, 2008 1:52pm Aug 18, 2008 1:52pm
Anyone able to get on IKON's demo server today?
  • #30
  • Aug 18, 2008 2:29pm Aug 18, 2008 2:29pm
Traker KGB,

I couldn't log into their demo today either. Ikon said you have to re-install since they have a new server.
Visit my journal here.
  • #31
  • Aug 18, 2008 2:50pm Aug 18, 2008 2:50pm
Quoting Rosscub
Traker KGB,

I couldn't log into their demo today either. Ikon said you have to re-install since they have a new server.
Thanks.
  • #32
  • Aug 24, 2008 3:11pm Aug 24, 2008 3:11pm
Can someone please do me a favor and upload Ikon's .srv file for their demo server (in the MT4 config folder)? I'd like to check them out but I don't want another platform on my 'puter. Thanks in advance.
Is your SL my TP?
  • #33
  • Aug 24, 2008 4:51pm Aug 24, 2008 4:51pm
Nevermind. I just downloaded the platform.
Is your SL my TP?
  • #34
  • Aug 27, 2008 5:51am Aug 27, 2008 5:51am
I downloaded the Ikon Royale demo after reading this thread and was disappointed. The spreads are actually equal to or worse than my fixed spread market maker. EUR/USD is 2 pips most of the time on Ikon which is equal to cmc markets fixed spread and Ikons AUD/USD is 3 pips most of the time but I can get a 2 pip fixed spread on that pair with CMC markets. Hotspot is usually .5 of a pip, (rarely greater than 1 pip) on EUR/USD with a .6 of a pip commision per round turn beats Ikon hands down. It is obvious where Ikon are making their money - the spread!
BTC Return This Year: na
  • #35
  • Aug 27, 2008 9:48am Aug 27, 2008 9:48am
EURUSD, AUDUSD, USDJPY, GBPUSD is 1pip right now (live)



Quoting M.A.C.Doug
I downloaded the Ikon Royale demo after reading this thread and was disappointed. The spreads are actually equal to or worse than my fixed spread market maker. EUR/USD is 2 pips most of the time on Ikon which is equal to cmc markets fixed spread and Ikons AUD/USD is 3 pips most of the time but I can get a 2 pip fixed spread on that pair with CMC markets. Hotspot is usually .5 of a pip, (rarely greater than 1 pip) on EUR/USD with a .6 of a pip commision per round turn beats Ikon hands down. It is obvious where Ikon are making their money - the spread!
Why do people only post a nice trending period chart?
  • #36
  • Aug 27, 2008 10:36am Aug 27, 2008 10:36am
Quoting yuhu
EURUSD, AUDUSD, USDJPY, GBPUSD is 1pip right now (live)
It's interesting, I have those spreads on my demo as well. Though on the mobile demo, the spreads are 2-3 wide. I'm not sure what to make of that, if anything.

It is peculiar how good the spreads are on the regular demo, what with Ikon being a DD. They're showing better spreads than ECNs at times (AUD/JPY at 1 pip quite often last night). Something doesn't add up.
  • #37
  • Aug 29, 2008 5:41pm Aug 29, 2008 5:41pm
Quoting yuhu
EURUSD, AUDUSD, USDJPY, GBPUSD is 1pip right now (live)
Ok keep us posted on your live experience yuhu
BTC Return This Year: na
  • #38
  • Sep 1, 2008 4:52pm Sep 1, 2008 4:52pm
I'm sorry, but these spreads are disgraceful...
Attached Image
  • #39
  • Sep 1, 2008 9:08pm Sep 1, 2008 9:08pm
Quoting syrix
any one live here with them can comment on their withdrawal speeds?


Twice traded here.

Funds Withdrawal 5 stars
Both withdrawals were done and I receiving the funds half way across the earth within 18 hours! Fund deduction/fees is absolutely the lowest at $5 for the International Wire as compared to $30~$50 with other brokers.

Execution Speed 4 stars
First Time I traded here 2007, execution was horrendously slow!
Second Time I traded here in 2008, execution was amazingly Fast!

Spread 3 stars down to 1 star
First Time I traded, spread were fixed, slightly increasing during news time by 1~2 pips.
Second Time i traded, spread were variable ranging from as tight as 1 pip during normal market condition to as wide as impossible during volatile and lean hours.

Stop Hunting NO Star
I dont know what you can call it, but they do spike their prices up/down as if hunting for stops. When they spike, they widen the spreads too. It happened back in early 2008 - dont know if they still do it though.
  • #40
  • Sep 2, 2008 11:06am Sep 2, 2008 11:06am
Quoting BurgerKing
Stop Hunting NO Star
I dont know what you can call it, but they do spike their prices up/down as if hunting for stops. When they spike, they widen the spreads too. It happened back in early 2008 - dont know if they still do it though.
They do. See http://www.forexfactory.com/showthread.php?t=103526.

That was a spike from Tradeview (owned now by IKON Royal), but the identical spike also appeared on IKON's charts, but no where else. Obvious stop hunt.
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