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IKOFX Broker Review

FX Scouts By Jeffrey Cammack Updated: February 12, 2020
Overall Rating
3.45 / 5
Min. DepositUSD 1
Max. Leverage1000:1
Min. Spread2.0 pips
RegulatorsVNU
Regulator Origin VNU
Broker TypeMarket Maker

Summary

IKOFX, also known as IKO Global Limited, is an STP broker regulated in Vanuatu with support for MT5 and leverage up to 1:1000 on its Mini Account.

 

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses First Deposit Bonus up to 500 USD
Our Review Process

Trading Conditions

Minimum DepositUSD 1
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs26
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD2.0
GBP / USD3.0
USD / JPY2.0

Company Details

Company nameIKO Global Limited
Founded2008
Website Visit Website
TypeMarket Maker
RegulatorsVNU
Office locations Vanuatu

Deposit & Withdrawal Methods

Supported Platforms for IKOFX

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.45 / 5 3.49 / 5 4.04 / 5
Minimum DepositUSD 1USD 250GBP 100
Regulation
VNU VNU
FSCA FSCA
FCA FCA
Broker TypeMarket MakerMarket MakerECN/STP
Trading InstrumentsCommodities, ForexCommodities, Cryptocurrencies, Forex, IndiciesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs264968
Crypto Pairs7
Read Full Review Read Full Review
Trust Rating 3 / 5 3.5 / 5 4 / 5
Trading Conditions 3.5 / 5 3 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3.0 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 3.5 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 3.5 / 5 3.5 / 5
% Lose with this broker N/A N/A 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
Spread2.0 pips0.7 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • ECN (Professional)
  • Mini (Mini)
  • Standard (Professional)
  • Gold (Professional)
  • Platinum (Vip)
  • Silver (Standard)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
Swap Free Yes Yes No
Trading Platforms MT4, MT5, IKOFX MT4 MT4
Funding Methods Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, PayFast Bank Transfer, Visa, Mastercard
Trading Commission Fees Included in Spread Fees Included in Spread 1 USD / lot - Black Account
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IKOFX

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Capital Index

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Overall Rating 3.45 / 5 3.49 / 5 4.04 / 5
Minimum DepositUSD 1USD 250GBP 100
Regulation
VNU VNU
FSCA FSCA
FCA FCA
Broker TypeMarket MakerMarket MakerECN/STP
Trading InstrumentsCommodities, ForexCommodities, Cryptocurrencies, Forex, IndiciesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs264968
Crypto Pairs7
Read Full Review Read Full Review
Trust Rating 3 / 5 3.5 / 5 4 / 5
Trading Conditions 3.5 / 5 3 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3.0 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 3.5 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 3.5 / 5 3.5 / 5
% Lose with this broker N/A N/A 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
Spread2.0 pips0.7 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • ECN (Professional)
  • Mini (Mini)
  • Standard (Professional)
  • Gold (Professional)
  • Platinum (Vip)
  • Silver (Standard)
  • Advanced Account (Standard)
  • Copy Trading (Professional)
  • Pro Account (Vip)
Swap Free Yes Yes No
Trading Platforms MT4, MT5, IKOFX MT4 MT4
Funding Methods Bank Transfer, Visa, Mastercard Bank Transfer, Visa, Mastercard, PayFast Bank Transfer, Visa, Mastercard
Trading Commission Fees Included in Spread Fees Included in Spread 1 USD / lot - Black Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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