Ikon Group - DukasCopy

Jan 19, 2015 at 11:51
1,431 Views
20 Replies
Member Since Oct 10, 2014   14 posts
Jan 19, 2015 at 11:51 (edited Jan 18, 2015 at 11:50)
Good morning.

As all of you know, Alpari Uk is more or less failed.
I considered this broker good.
In the meantime in which my deposit on Alpari UK will be give me back I need to find an alternative good broker.

More or less 99% of my trades are in intraday and generically my positions are closed in 1 hour.
I trade manually and secondly I code EA.

So I need a broker that has an avarage spread on EurUsd, GbpUsd, UsdJpy below 1.5 pips for all the 3 pairs.
I'm taking in consideration Ikon Group and DukasCopy. Do you have some experiences with these brokers ?

I prefer a not pure ECN broker (I dunno commission).

P.s. I live in Italy so I should use dukascopu europe.

Thank you
Member Since Jun 13, 2014   101 posts
Jan 19, 2015 at 18:44
Dukascopy has a better reputation. Why not diversify? Fxpig, icmarkets and tickmil(formerly armadamarkets) are good brokers. I am affiliated with icmarkets and tickmill as an Introducing broker and i use fxpig for PAMM. You could check my website at savantfx.com if you are interested in discount in commission.
Never Give Up!
Member Since Dec 12, 2014   110 posts
Jan 20, 2015 at 08:12
lucas87 posted:
Good morning.

As all of you know, Alpari Uk is more or less failed.
I considered this broker good.
In the meantime in which my deposit on Alpari UK will be give me back I need to find an alternative good broker.

More or less 99% of my trades are in intraday and generically my positions are closed in 1 hour.
I trade manually and secondly I code EA.

So I need a broker that has an avarage spread on EurUsd, GbpUsd, UsdJpy below 1.5 pips for all the 3 pairs.
I'm taking in consideration Ikon Group and DukasCopy. Do you have some experiences with these brokers ?

I prefer a not pure ECN broker (I dunno commission).

P.s. I live in Italy so I should use dukascopu europe.

Thank you

Dukascopy is reliable broker. But has few disadvantages.

Platforms terribly suck. After hlaf a year of using it i still couldnt figure out what is where. Also it freezes daily and requires to clear java catches daily. To log in you have to enter the pin everytime opening platform.

It will take you abou 2 minits everyday to log into platform.

Leverage is reduced to 50 percent during weekend.

So you u Are trading with 200 leverage. And boom suddenly you need twice as money to hold the same position.

Get investors and get paid 15 percent of theyr profits. More on my website.
Member Since Apr 08, 2012   10 posts
Jan 22, 2015 at 13:47
Hi, like you i live in Italy, and i'm a satisfied Dukascopy client.
No problem with them.

I reccomend it
FOREX IS...ARITHMETIC!
Member Since Jan 22, 2015   67 posts
Jan 27, 2015 at 21:25
The freezing problem would be a dealbreaker for me. Also, I HATE waiting on anything for the net :)
Member Since Jun 28, 2011   465 posts
Jan 28, 2015 at 04:42
Almost all brokers have some limitations and you still need to talk with the individual brokers to see if they are right for you. However, I personally like FXDD a lot better and would use them before Dukascopy. But you really should talk directly with the broker that you are thinking of doing business with to make sure they fit 'your' trading style..

There is a page on MyFXBook here that compares the spreads of a lot of brokers.

https://www.myfxbook.com/forex-broker-spreads

Maybe you could save some time by looking at that first. When you find the ones that interest you, call them and see what they have to say..

Good luck,
Bob
where research touches lives.
Member Since Oct 10, 2014   14 posts
Jan 28, 2015 at 07:54
Thank you guys.
At the end I have choosen for a first evaluation these 2 brokers:

Activetrades
IkonGroup

Both seem very good and have a medium spread very very good and most at all the spread seems not so influenced during the news
Member Since Jan 22, 2015   67 posts
Jan 31, 2015 at 14:03
Actually, I use the first one too lucas87, and I am very happy with them.
Member Since Mar 23, 2014   5 posts
Feb 01, 2015 at 07:16
I cannot recommend ICMarkets. They quote more than 1000 pips spread at the SNB presented their gift to the world.
I was in the right direction (GBP/CHF short), but got an nasty stopout with lots slippage. Realtime spread comparison showed that other brokers quote much better spreads (<<50 pips).
BTW: ICMarkets dont care about my mails anymore after my issue with them :)

After a lot of research i like to go to ActivTrades soon. They do a lot of research for you and warned all their clients in 2014 about the risk with CHF and reduced the leverage to a minimum with this pair. Sounds to me a reasonable broker.
Member Since Oct 10, 2014   14 posts
Feb 01, 2015 at 15:34
Really 1000 pips spread ? Awful !!

In fact i consider Activtrades very good in fact I have started the opening procedure
Member Since Mar 23, 2014   5 posts
Feb 02, 2015 at 07:34
ForexTradeMaster posted:
I cannot recommend ICMarkets. They quote more than 1000 pips spread at the SNB presented their gift to the world.
Here is the evidence:

Attachments:

Member Since Jan 22, 2015   67 posts
Feb 02, 2015 at 15:37
That's.... some amazing charts. All true I guess?
Member Since Mar 23, 2014   5 posts
Feb 02, 2015 at 20:28
All from myfxbook.com (see realtime spreads)
Member Since Apr 22, 2014   45 posts
Feb 07, 2015 at 10:58
ForexTradeMaster posted:
I cannot recommend ICMarkets. They quote more than 1000 pips spread at the SNB presented their gift to the world.
I was in the right direction (GBP/CHF short), but got an nasty stopout with lots slippage. Realtime spread comparison showed that other brokers quote much better spreads (<<50 pips).
BTW: ICMarkets dont care about my mails anymore after my issue with them :)

After a lot of research i like to go to ActivTrades soon. They do a lot of research for you and warned all their clients in 2014 about the risk with CHF and reduced the leverage to a minimum with this pair. Sounds to me a reasonable broker.

wow is it true 1k spread?? hmm...
Member Since Dec 07, 2013   22 posts
Feb 16, 2015 at 08:06
IkonGroup UK seems to have a number of sites like ikonfinance.com , ikonmarkets.com, ikonfx.com
I'm confused as to which one is legit...and why they have so many sites?
phoenixfxmanager
forex_trader_212313
Member Since Oct 16, 2014   14 posts
Feb 16, 2015 at 09:44
lucas87 posted:
Good morning.

As all of you know, Alpari Uk is more or less failed.
I considered this broker good.
In the meantime in which my deposit on Alpari UK will be give me back I need to find an alternative good broker.

More or less 99% of my trades are in intraday and generically my positions are closed in 1 hour.
I trade manually and secondly I code EA.

So I need a broker that has an avarage spread on EurUsd, GbpUsd, UsdJpy below 1.5 pips for all the 3 pairs.
I'm taking in consideration Ikon Group and DukasCopy. Do you have some experiences with these brokers ?

I prefer a not pure ECN broker (I dunno commission).

P.s. I live in Italy so I should use dukascopu europe.

Thank you

As an institutional trade, what I care the most when trading is how deep the liquidity of a broker is and how safe my fund is. That's why I decided to trade with Saxobank. They also offer stock and option platform which is suitable for my trading style. I think you should consider Saxobank as a good choice. Good luck !
Member Since Oct 10, 2014   14 posts
Feb 16, 2015 at 09:51
I tested Ikon demo for 1 month and I find it very very good.
The spread is really low, below 1 pip (I HAVE NOT THE ECN ACCOUNT !!!!)
I'm in Live by 1 week and I can confirm that the spread is really good.
Until now I have only positive datas.

This is the main website: https://www.ikonfx.com/
These are the accounts for forex: https://www.ikonfx.com/forex
You can subscribe in differente IKON (i use finance = LONDON) https://www.ikonfx.com/my-ikon
Member Since Oct 10, 2014   14 posts
Feb 16, 2015 at 09:53
phoenixfxmanager posted:
lucas87 posted:
Good morning.

As all of you know, Alpari Uk is more or less failed.
I considered this broker good.
In the meantime in which my deposit on Alpari UK will be give me back I need to find an alternative good broker.

More or less 99% of my trades are in intraday and generically my positions are closed in 1 hour.
I trade manually and secondly I code EA.

So I need a broker that has an avarage spread on EurUsd, GbpUsd, UsdJpy below 1.5 pips for all the 3 pairs.
I'm taking in consideration Ikon Group and DukasCopy. Do you have some experiences with these brokers ?

I prefer a not pure ECN broker (I dunno commission).

P.s. I live in Italy so I should use dukascopu europe.

Thank you

As an institutional trade, what I care the most when trading is how deep the liquidity of a broker is and how safe my fund is. That's why I decided to trade with Saxobank. They also offer stock and option platform which is suitable for my trading style. I think you should consider Saxobank as a good choice. Good luck !


Yes you say tre truth. I have also considerd if the broker is regulated, in my case FCA, and the liquidity of the of the broker self.
Now I trade with ActivTrades and Ikon.
I will check also Saxobank
phoenixfxmanager
forex_trader_212313
Member Since Oct 16, 2014   14 posts
Feb 17, 2015 at 08:41
lucas87 posted:

Yes you say tre truth. I have also considerd if the broker is regulated, in my case FCA, and the liquidity of the of the broker self.
Now I trade with ActivTrades and Ikon.
I will check also Saxobank

I suggest you only trade with brokers listed in leaprate.com website.
Member Since Feb 20, 2015   16 posts
Feb 20, 2015 at 22:45
mavericks posted:
lucas87 posted:
Good morning.

As all of you know, Alpari Uk is more or less failed.
I considered this broker good.
In the meantime in which my deposit on Alpari UK will be give me back I need to find an alternative good broker.

More or less 99% of my trades are in intraday and generically my positions are closed in 1 hour.
I trade manually and secondly I code EA.

So I need a broker that has an avarage spread on EurUsd, GbpUsd, UsdJpy below 1.5 pips for all the 3 pairs.
I'm taking in consideration Ikon Group and DukasCopy. Do you have some experiences with these brokers ?

I prefer a not pure ECN broker (I dunno commission).

P.s. I live in Italy so I should use dukascopu europe.

Thank you

Dukascopy is reliable broker. But has few disadvantages.

Platforms terribly suck. After hlaf a year of using it i still couldnt figure out what is where. Also it freezes daily and requires to clear java catches daily. To log in you have to enter the pin everytime opening platform.

It will take you abou 2 minits everyday to log into platform.

Leverage is reduced to 50 percent during weekend.

So you u Are trading with 200 leverage. And boom suddenly you need twice as money to hold the same position.


duckascopy have good promotion ,but their website make me dizzy every time i visit, anybody agree?
the greatest pleasure in life is doing what people say you can't do
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