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  • #1
  • First Post: Mar 21, 2011 7:37am Mar 21, 2011 7:37am
I need help from all you guys having live accounts with ECN brokers.

Can u please list the broker you are using and any comment why u prefered them. i'm wanu open an ECN account with with reliable broker with regards to withdrawl. my starting will be $10k.

please suggest

thanks
  • #2
  • Mar 21, 2011 8:21am Mar 21, 2011 8:21am
Quoting nishantforex
I need help from all you guys having live accounts with ECN brokers.

Can u please list the broker you are using and any comment why u prefered them. i'm wanu open an ECN account with with reliable broker with regards to withdrawl. my starting will be $10k.

please suggest

thanks
I have Alpari pro account. Happy about everything. Time, service, spread. Did withdraw nothing so far, as account only 1 month old.

They want 20K minimum deposit.

MT trading also has a good ECN account and very small deposit. Their commission per round turn calculation is not clear for me.
  • #3
  • Mar 21, 2011 9:26am Mar 21, 2011 9:26am
Quoting JohnFX_King
I have Alpari pro account. Happy about everything. Time, service, spread. Did withdraw nothing so far, as account only 1 month old.

They want 20K minimum deposit.

MT trading also has a good ECN account and very small deposit. Their commission per round turn calculation is not clear for me.
John,

How much commission does Alpari Direct Pro charge per million traded? Couldn't find any specific numbers on their website, at least at first glance. Are the commissions negotiable and/or volume-/equity-/deposit-dependent?

Thanks
It's not about how much you make, it's about how much you don't lose.
  • #4
  • Mar 21, 2011 9:47am Mar 21, 2011 9:47am
Quoting Dhb
John,

How much commission does Alpari Direct Pro charge per million traded? Couldn't find any specific numbers on their website, at least at first glance. Are the commissions negotiable and/or volume-/equity-/deposit-dependent?

Thanks
Hello, Dhb. I know, that is hard to find, had to contact support to get the answer. They charge 6$ per one standard lot, round turn.

Sometimes spread could be better.
  • #5
  • Mar 21, 2011 10:04am Mar 21, 2011 10:04am
Quoting JohnFX_King
Hello, Dhb. I know, that is hard to find, had to contact support to get the answer. They charge 6$ per one standard lot, round turn.

Sometimes spread could be better.
John,
a) What about minimum lot size, is it still at 3 lots?
b) Is the execution speed as fast as it should be (1 sec or less)?
  • #6
  • Mar 22, 2011 2:44am Mar 22, 2011 2:44am
I trade with IKON Viking. The commission is $10 per 1M. Spreads are very good (0.5-0.8 for EURUSD) and execution is excellent. Withdrawals are proceeded within a few hours.
  • #7
  • Mar 22, 2011 4:11am Mar 22, 2011 4:11am
Quoting kostas1
John,
a) What about minimum lot size, is it still at 3 lots?
b) Is the execution speed as fast as it should be (1 sec or less)?
Answer to the both question is yes.

Quote
I trade with IKON Viking. The commission is $10 per 1M. Spreads are very good (0.5-0.8 for EURUSD) and execution is excellent. Withdrawals are proceeded within a few hours.

This sounds very good. Are they regulated and where are they located?
  • #8
  • Mar 22, 2011 4:41am Mar 22, 2011 4:41am
Quoting JohnFX_King
This sounds very good. Are they regulated and where are they located?
My account is with IKON Capital (www.ikoncapital.co.uk) and they are regulated by FSA. They have the lowest commission for ECN. I was surprised but the fill is the fastest I've seen. I'm trading forex for 10 years and changed may brokers.
  • #9
  • Mar 22, 2011 7:14am Mar 22, 2011 7:14am
Quoting srmfx
My account is with IKON Capital (www.ikoncapital.co.uk) and they are regulated by FSA. They have the lowest commission for ECN. I was surprised but the fill is the fastest I've seen. I'm trading forex for 10 years and changed may brokers.
$10 is dirt cheap - does this involve a minimum monthly volume quota or similar, or is this rate available for every one?

Is this on the viking platform or their Platinum thing?
  • #10
  • Mar 22, 2011 8:36am Mar 22, 2011 8:36am
Quoting shrike
$10 is dirt cheap - does this involve a minimum monthly volume quota or similar, or is this rate available for every one?

Is this on the viking platform or their Platinum thing?
No special requirements for account size (the minimum is $1.5K) or monthly volume. These conditions are for IKON Viking only.
  • #11
  • Mar 22, 2011 8:46am Mar 22, 2011 8:46am
fxopen is one of the best in my opinion.

it's mt4 as well.
  • #12
  • Mar 22, 2011 3:58pm Mar 22, 2011 3:58pm
Are IKON Global Markets - http://www.ikongm.com/ - and IKON - http://www.ikoncapital.co.uk/index.aspx - (part of) the same company? I'm a bit confused, because both have a cnx based product with the name Viking, but the websites differ so much in appearance, I'd be inclined to think these are two separate companies...
It's not about how much you make, it's about how much you don't lose.
  • #13
  • Mar 23, 2011 1:11am Mar 23, 2011 1:11am
Quoting Dhb
Are IKON Global Markets - http://www.ikongm.com/ - and IKON - http://www.ikoncapital.co.uk/index.aspx - (part of) the same company? I'm a bit confused, because both have a cnx based product with the name Viking, but the websites differ so much in appearance, I'd be inclined to think these are two separate companies...
There are so many Ikon Capital companies actually there is one Ikonfx as well.

the co.uk link is not working. seems some problem with website.
  • #14
  • Mar 23, 2011 1:13am Mar 23, 2011 1:13am
Quoting qwertymyfx
fxopen is one of the best in my opinion.

it's mt4 as well.
Was trying to see research about them on web. they have a bad name across fx forums everywhere and regulation is one thing that is shady in this case. Wasn't able to open there website as well.
  • #15
  • Mar 23, 2011 1:37am Mar 23, 2011 1:37am
Quoting nishantforex
Was trying to see research about them on web. they have a bad name across fx forums everywhere and regulation is one thing that is shady in this case. Wasn't able to open there website as well.
You can't find a lot of info in fx forums about IKON Group. You can read this http://ikonfx.com/contents/About-Us/About-Us-1.html to find out more about the company. IKON Capital is their UK branch. I had account a few yeras ago and their service was fine. I closed my account because the spreads were too high compared with other brokers. Now with IKON Viking they provide the lowest spreads and commissions for Currenex Viking platform.
  • #16
  • Mar 23, 2011 2:16am Mar 23, 2011 2:16am
Quoting nishantforex
Was trying to see research about them on web. they have a bad name across fx forums everywhere and regulation is one thing that is shady in this case. Wasn't able to open there website as well.
This also bother me. Looks like there is too much bad threads about it. Seems to me that someone want to take them down.
  • #17
  • Mar 23, 2011 3:23am Mar 23, 2011 3:23am
Quoting srmfx
You can't find a lot of info in fx forums about IKON Group. You can read this http://ikonfx.com/contents/About-Us/About-Us-1.html to find out more about the company. IKON Capital is their UK branch. I had account a few yeras ago and their service was fine. I closed my account because the spreads were too high compared with other brokers. Now with IKON Viking they provide the lowest spreads and commissions for Currenex Viking platform.
Will open a demo on Ikonfx.com with Ikon currenex viking. will see hows it works there.
  • #18
  • Mar 23, 2011 3:47am Mar 23, 2011 3:47am
Quoting JohnFX_King
This also bother me. Looks like there is too much bad threads about it. Seems to me that someone want to take them down.
I have live ECN small account with them for a year now. so far the experience has been good with execution with MT4 , deposits & withdrawls. But not able to access their website from last 2-3 days so that prompted me to think about regulation and other matters.
  • #19
  • Mar 23, 2011 4:55am Mar 23, 2011 4:55am
Quoting nishantforex
I have live ECN small account with them for a year now. so far the experience has been good with execution with MT4 , deposits & withdrawls. But not able to access their website from last 2-3 days so that prompted me to think about regulation and other matters.
Their web sites are working fine. Probably the problem is with your internet provider.
I don't read opinions in fx forums. Most of them are negative. If i find a broker that provides good conditions for trading I just open a live account and try it myself. If it is not OK I can transfer my account easily. So far IKON Viking is just great. I trust this company because they have many offices all around the world, they are regulated in UK and developed their own platforms. Also you can trade options and spot FX on one platform.
  • #20
  • Mar 23, 2011 6:23am Mar 23, 2011 6:23am
It is indeed a bit confusing. There is Ikon-GM, IkonFX.com, IkonCapital.co.uk and then Ikon-Royal.
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