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IKOFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.ikofx.com/en/index.php/en/trader-area/open-live-account, about the company's legal and temporary regulatory information, the company's address Vantu House, 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu..

IKOFX Forex Broker

No Regulation
IKOFX

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Company profile

Basic Information & Regulators of IKOFX IKOFX is a global online forex trading provider based in Vanuatu, founded to help investors succeed in forex trading. IKOFX does not have regulatory information on its website. Safety Analysis IKOFX is currently unregulated, which means that the safety of client funds cannot be effectively protected. Therefore investors should be careful to stay away from the IKOFX. Markets Instruments Investors on the IKOFX platform can trade over 20 currency pairs, as well as negotiable commodities such as gold and silver. Leverage & Accounts of IKOFX IKOFX offers three different trading accounts to meet clients' needs worldwide, and all trading accounts are available for trading via MT4. These three accounts are the Mini account (minimum deposit of $1), the Standard account (minimum deposit of $2,000), and the ECN account (minimum deposit of $1,000). The maximum trading leverage for the Mini account is 1:1000, the maximum trading leverage for the Standard account is 1:500 and the maximum leverage for the ECN account is 1:200. Spreads & Deposit Bonuses of IKOFX EURUSD spreads is at 2 pips, EURGBP spreads at 3 pips, EURJPY spreads at 3 pips, AUDUSD spreads at 3 pips, GBPAUD spreads are 15 pips, GBPAUD spreads are 23 pips, Gold spreads are 100 pips, and Silver spreads are 6 pips. IKOFX has launched a series of deposit bonus promotions where users are entitled to a 40% credit bonus from every deposit of no less than $100. Each live account must receive an exact amount of $100 or more to grant a deposit bonus automatically, and all complaints/disputes about not receiving a deposit bonus due to insufficient amounts deposited to a live account will not be entertained. The maximum credit bonus is $3,000 per account. Trading Platform Available of IKOFX IKOFX offers traders an iPhone trading platform, iPad trading platform, and Android trading platform to meet a wide range of user needs. IKO iPhone Trader is an Apple-compatible trading platform that provides traders with trading services as well as mobile trading services. iPad version includes all iPhone features, the ability to Simultaneous viewing, can be independently set up 4 charts. Deposit and withdrawal of IKOFX Traders can transfer funds through a bank (deposit fees between $12-$50,and withdrawal fees of $25), local agents (deposit fees of 3%, withdrawal fees also 3%), credit cards (deposit fees of 5.2%, withdrawal fees of $10), Perfect Money (no deposit and withdrawal fees) to deposit and withdraw fund from their IKOFX account.
How to login to IKOFX?

IKOFX Similar Brokers

Latest Reviews

Pros
No minimum deposit requirement, allowing traders to start with any amount they choose.
Low trading fees and spreads that are generally below the market average.
Offers a demo account for practice, enabling traders to explore the platform without financial risk.
Cons
Limited customer support options, as assistance is only available via email with delayed response times.
All trading instruments are CFDs, which may not appeal to traders looking for direct asset trading.
The broker has faced regulatory issues, including deregistration in some regions, raising concerns about its reliability.

Basic Information

Registered Region
New Zealand
Operating Period
--
Company Name
IKO Global Limited
Abbreviation
IKOFX
Company employee
--
Customer Service Email Address
support@ikofx.com
Contact Number
+442081334588
Company Address
Vantu House, 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.
How to login to IKOFX?
ikofx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a ikofx Account To begin trading with ikofx, you first need to complete the registration process. Follow these detailed steps to ensure a smooth registration experience: Step 1: Access the Registration Page Visit the official ikofx website at ikofx.com and locate the "Sign Up" or "Register" button usually found on the homepage. Click on it to navigate to the registration form. Step 2: Filling in Required Information You will be prompted to fill in personal information such as your name, email address, phone number, and country of residence. Ensure that all details are accurate to avoid complications later. Step 3: Email/Phone Verification After submitting your information, ikofx will send a verification link to your provided email address or a code to your phone number. Click on the link or enter the code to verify your contact information. Step 4: Identity Verification (if required) Depending on your region, you may need to provide additional identity verification documents, such as a government-issued ID or proof of address. This step is crucial for compliance with financial regulations. Step 5: Registration Confirmation Once your information is verified, you will receive a confirmation email indicating that your ikofx registration is successful. You can now proceed to open an account. Common Registration Issues and Solutions Email Not Received: Check your spam folder or ensure that you entered the correct email address. If still not received, you can request a new verification email. Verification Code Issues: Ensure you enter the code promptly, as it may have an expiration time. If expired, request a new code. Identity Verification Delays: If your documents are taking longer to verify, contact ikofx support for assistance. Regional Differences in Registration Some regions may have specific requirements for registration due to local regulations. For instance, users from certain countries might need to submit additional documents or may face restrictions on trading. Part Two: Account Opening Process ikofx Account Opening Detailed Guide After successful registration, the next step is to open an ikofx account. It's important to note that registration and account opening are distinct processes; registration is about creating your profile, while account opening involves selecting the type of trading account you wish to use. Preparation Work Before Account Opening Before you start, ensure you have the necessary documents ready for submission. This may include identification, proof of address, and any additional documents required by your specific region. Detailed Account Opening Steps Step 1: Selecting Account Type Ikofx offers several account types, including Mini, Standard, and ECN accounts. Choose the account that best fits your trading style and budget. The Mini account requires a minimum deposit of just $1, while the Standard account requires $2000. Step 2: Submitting Required Documents Upload the necessary documents for verification. This typically includes a government-issued ID and proof of address. Ensure that these documents are clear and legible to avoid delays. Step 3: Account Review Process Once your documents are submitted, ikofx will review them. This process can take anywhere from a few hours to several days, depending on the volume of applications. Step 4: Account Activation After your account is approved, you will receive an email confirmation. Follow the instructions in the email to activate your account. Step 5: Initial Setup Log in to your ikofx account and set up your trading preferences, including leverage settings and deposit methods. Familiarize yourself with the trading platform (MetaTrader 4 or ikofx WebTrader). Frequently Asked Questions About Account Opening What is the minimum deposit required? The minimum deposit varies by account type, starting from $1 for the Mini account. How long does the account opening process take? The process can take anywhere from a few hours to several days, depending on verification times. Next Steps After Opening an Account After your account is activated, consider funding it to start trading. Explore the trading platform's features and tools to enhance your trading experience. Part Three: Login Guide ikofx Login Process Explained Once your account is set up, you can log in to your ikofx account to start trading. Heres how to do it: Basic Web Login Process Step 1: Navigate to the Login Page Go to the ikofx website and click on the "Login" button, usually located at the top right corner. Step 2: Enter Your Credentials Input your registered email address and password. Ensure that your caps lock is off to avoid errors. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, enter the code sent to your mobile device. Step 4: Click on Login After entering your credentials, click the "Login" button to access your account. Step 5: Troubleshooting Login Issues If you encounter any issues logging in, follow the prompts to recover your password or unlock your account. Mobile App Login Process If you prefer trading on the go, you can download the ikofx mobile app. The login process is similar to the web version: Open the app. Enter your credentials. Complete any additional verification steps. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password?" link on the login page to reset your password. Account Lockout: If youve entered the wrong password multiple times, your account may be locked. Follow the prompts to unlock it. Technical Issues: If the website or app is down, check ikofx's official channels for updates. Overview of Features After Login After successfully logging in, you will have access to your trading dashboard, account balance, trading tools, and market analysis features. Familiarize yourself with these tools to enhance your trading experience. Additional Sections Account Security Recommendations Use strong, unique passwords for your ikofx account. Enable two-factor authentication for added security. Regularly update your password and monitor your account for unauthorized activity. Best Practices for Account Management Keep your personal information up to date. Regularly review your account statements and trading history. Set trading limits to manage risk effectively. How to Get Technical Support For any issues, ikofx provides customer support via email and live chat. You can also check their FAQ section for quick answers to common questions. This guide serves as a comprehensive resource for navigating the registration, account opening, and login processes for ikofx. By following these steps and recommendations, you can ensure a smooth experience as you begin your trading journey.

IKOFX Forex Broker - Complete Information Guide

1. Broker Overview

IKOFX, officially known as IKO Global Limited, was established in 2008. The broker is headquartered in Vanuatu, specifically at Vantu House, 133 Santina Parade, Elluk, Port Vila, Efate. IKOFX operates as a private company and primarily serves the Asian market, catering to both retail and institutional clients.

Over the years, IKOFX has aimed to position itself as a significant player in the forex trading industry, focusing on providing quality services to help investors succeed. The firm originally registered in New Zealand but was delisted from the New Zealand Financial Service Providers Register in 2015. Following this, it reestablished itself in Vanuatu, reflecting a strategic shift to maintain operational continuity.

The company has undergone several changes, including a rebranding effort and the introduction of new trading platforms. IKOFX primarily operates under a straight-through processing (STP) model, which allows for direct market access without a dealing desk, thereby enhancing the trading experience for its users.

2. Regulatory and Compliance Information

IKOFX is registered with the Vanuatu Financial Services Commission (VFSC) under the license number 14547. However, it's important to note that the broker has faced scrutiny regarding its regulatory status. Many sources indicate that IKOFX operates without sufficient regulation, which raises concerns about the safety of client funds.

The company claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, but the effectiveness of these measures is questionable given the lack of robust oversight. Client funds are reportedly kept in segregated accounts, which is a standard practice aimed at protecting investors' money. However, the absence of a formal investor compensation scheme further complicates the security of funds held with IKOFX.

3. Trading Products and Services

IKOFX offers a range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 26 currency pairs, including major, minor, and exotic currencies. In addition to forex, IKOFX also offers Contract for Difference (CFD) products on commodities such as gold and silver, although there is no indication of additional asset classes like stocks or cryptocurrencies.

The broker's product offerings are updated periodically, but there is limited information on the frequency and nature of these updates. IKOFX primarily caters to retail traders, but it also provides services to institutional clients, although details about institutional offerings remain scarce.

4. Trading Platforms and Technology

IKOFX supports the MetaTrader 4 (MT4) platform, which is widely recognized in the trading community for its advanced charting tools and automated trading capabilities through Expert Advisors (EAs). The broker has also introduced a modified version known as IKOFX Trader, which is tailored for their specific client base.

In addition to desktop trading, IKOFX offers a web-based trading platform and mobile applications for both iOS and Android devices, allowing traders to access their accounts and trade on the go. The broker utilizes an ECN execution model, which is designed to minimize latency and provide competitive spreads.

The technology infrastructure is positioned to support high-speed trading, although specific details regarding server locations and technical specifications have not been disclosed.

5. Account Types and Trading Conditions

IKOFX offers several account types to accommodate different trading needs:

  • Mini Account: Minimum deposit of $1, leverage up to 1:1000, and fixed spreads starting from 2 pips.
  • Standard Account: Minimum deposit of $2,000, leverage up to 1:500, and similar spread conditions.
  • ECN Account: Minimum deposit of $1,000, leverage up to 1:200, with spreads starting from 0.2 pips plus a volume-based commission structure.

All accounts provide the option for swap-free Islamic accounts. IKOFX also offers a demo account for traders to practice without financial risk. The broker maintains a flexible leverage system, allowing traders to adjust their risk exposure according to their strategies.

6. Fund Management

IKOFX supports various deposit methods, including bank wire transfers, credit cards (Visa and MasterCard), and e-wallets like Perfect Money. The minimum deposit requirement varies by account type, with the lowest being just $1 for the mini account.

Deposits are typically processed quickly, though specific processing times may vary. While some deposit methods may incur fees, others, like Perfect Money, are reported to be free of charges.

Withdrawals can be made through similar channels, but users have reported difficulties in processing withdrawals, which raises concerns about the broker's reliability. The withdrawal processing times are generally stated to be within one business day, but this can vary based on the method used.

7. Customer Support and Educational Resources

IKOFX provides customer support through multiple channels, including telephone, email, and live chat. The support team is available to assist clients during business hours, although specific service hours and time zone coverage have not been detailed.

The broker offers support in English, catering primarily to its international client base. IKOFX also provides educational resources, including webinars, tutorials, and market analysis tools, aimed at enhancing traders' knowledge and skills.

However, the depth and quality of educational materials available are limited compared to more established brokers. Market analysis services, such as daily reports and news updates, are also provided to help traders make informed decisions.

8. Regional Coverage and Restrictions

IKOFX primarily serves clients in the Asian market, with a significant focus on regions where forex trading is popular. The broker has not disclosed specific regional offices outside of Vanuatu, which may limit its local presence.

Certain countries may be restricted from accessing IKOFX's services, although specific details about prohibited regions have not been provided. Potential clients are advised to check local regulations to ensure compliance before engaging with the broker.

In conclusion, while IKOFX presents a variety of trading options and features, potential clients should carefully consider the regulatory environment and associated risks before opening an account. The lack of robust oversight and mixed reviews regarding customer experiences may warrant caution when dealing with this broker.

Latest Reviews

Gustavo@Fring

Gustavo@Fring

Malaysia

At IkoFx com, a complete mess is going on. Not only does the trading platform freeze constantly, but it is also impossible to place orders. Rather, it is possible to postpone. But it doesn't work. For the fourth time, a pending order has not been triggered. I wrote to the support service, they said that they were dealing with this. But they figure it out for a very long time, and it is impossible to trade. And they also manipulate the chart.

Exposure

2021-12-17

IKOFX

News

IKOfx Review – is IKOfx scam or good forex broker?

News IKOfx Review – is IKOfx scam or good forex broker?

is IKOfx scam or good forex broker?

IKOFX Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.51, Software Index 4.00 Risk Control Index 0.00.