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Discuss Ikon-Royal.com

General discussions of a financial company
Last month 4/2009 I opened a gbp/usd hedged trade with broker Ikon-Royal and on 5/18/2009 without notice they closed this trade causing me to loose 14k. I talked to Ted who said he is the manager and he said they closed the trade because they can and they did me a favor by stopping the swap from adding up. The reason they closed my trade is they didn't want to give me the chance to turn it into a profit. This is a scam and it is stealing. The new hedgeing rule states that you can keep a hedged trade open if it was opened before 5/15/2009. If they can close my trade any time they want without notice then they can close anybodys trade and steal their money. Stay far away from this broker.
Is there anything I can do to get my money back.
 
Is Ikon GM's minimum deposit $1000 or $2500?

I read in the Account Page, it states that minimum deposit is $2500, but in FAQS, it states minimum is $1000. The same thing happens with AKforex.

Moreover, when I test the demo, it seems like there's no difference between Direct and Pro account, all two have value 10$/pip, and can't trade with 0.01 lot, although the web site states that it can.
 
Has anyone experienced random spread widening on Ikons Platform (EURUSD in Particular) around midnight GMT+2? Ive seen less wider spreads during NFP!

Thx
P
 
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