IKOFX Review

  • Leverage of up to 1:1000!
  • $10 Minimum Deposit
  • Strong educational material
  • Good reputation and trust
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The company was founded in 2009 with their head office in New Zealand and another in the Virgin Islands! It is regulated by the FSP in New Zealand. They are an STP brokerage, Straight Through Processing, and their main client base is in the Asian market. Account security is maintained with client money in a segregated account. With good testimonials and client feedback, they appear to be emerging as a market leader.

Through the website, you can easily navigate your way to their educational services, a Forex school with basic trading information, and a news area with all the latest financial gossip. You can choose from three different types of accounts and they have a very mini account that can be opened for $1.

Trading Features

IKOFX has made some proprietary modifications to the normal Metatrader4 platform and called it Metatrader IKOFX. Clients can operate through IKOFX iPhone Trader, iPad, Android Trader and the Web Trader. There is also a Meta Multi-terminal platform.

You can sign up for a free demo account for new traders to try out and learn the skills. The company also provides its traders with tools and interactive charts. Other features include:

  • Hedging and scalping
  • Web-based trading
  • Pending Orders
  • Automated trading
  • Allows US Traders
  • Affiliate program
  • One Click trade execution
  • Swap Free Islamic Accounts

Trading instruments enable transactions on gold and silver as well.

Automation

The company allows automated trading by expert advisors on their Metatrader4 platform.

Deposits and Withdrawals

Standard deposit and withdrawal systems are available with IKOFX such as bank wire, credit cards, and Liberty Reserve money transfers. The standard Forex account is $2,000 and their mini forex trading account is $10. The company offers a 10% bonus for $500, $1,000 and $5,000 deposits.

With its FSP compliance, IKOFX has a good rating for fund security and reliability of deposited funds.

Customer Support

The support team is highly rated. Clients can contact IKOFX representatives via live chat or email. With regard to news and information, they provide feed from all the leading Forex agencies around the world to keep everybody up to date.

They carry out the transactions very quickly, provide a deposit bonus of 40% and their minimum account deposit is quite attractive.

Free Forex education is provided for traders with its training and knowledge base section where you can learn all about trading, technical analysis and analyze past samples of trading. There are also Forex seminars from which you can learn.

The Forex Tools section on the website provides economic calendar, Forex interest rates, news and forex calculators.

Summary

IKOFX is a popular, professional and reasonably experienced brokerage that is moving up the ladder of being a bigger player in the global market. A trader wanting security and a forex education could do a lot worse than open an account with IKOFX.