IkonFinance is a forex broker. Ikon Finance offers the MT4 and Mobile forex trading top platform. IkonFinance.com offers over 65 forex currency pairs, equity indices, options, commodities, cfds and metals for your personal investment and trading options.
Arbitrary handling of their own pricing, irresponsible and dishonest behavior
Ikon froze my account for almost 5-6 weeks while it
"INVESTIGATED" the trades I made netting 11k in gains on
the CAD/USD which were not honored and removed from my
account. This was on the day the Canadian central bank
changed interest rates in January 2016. I am making this post 11 months later as two other similar situations happened this year where brokers took gains back when they dont like your trading. FPA just helped me recover the money at one firm last month so I am making this complaint almost a year later as I was not aware that FPA could help so much.
After this 5-6 weeks of Investigation while my account was LOCKED at Ikon and I could not trade I received an email
from Ikon stating that my account will be CLOSED in 10
Then I receive an email asking me to confirm that I have no issues with Ikon and its actions.
By early April Ikon had finally returned my remaining funds.
All in all it still amazes me that these Fx brokers can just delete gains you made when it serves them. Would they be returning losses if I was trading on stale prices?