 What is the minimum deposit?
The minimum deposit to open a live trading account is $1000
|
| What lot sizes does IKON GM - Royal Division offer?
IKON GM - Royal Division gives you the flexibility to trade as low as 10,000 lot increments our Royal Trader platform
|
| How do the lot sizes work?
Mini lots (0.10) = 10,000 units
Standard lots (1.00) = 100,000 units
Note: IKON GM - Royal Division does not offer Micro lots (0.01)
|
Where can I find a list of spreads for IKON GM - Royal Division?
IKON GM - Royal Division offers over 20 currency pairs, spot GOLD, and spot SILVER on our IKON ROYAL Trader (MT4) platform. IKON-ROYAL spreads are non-fixed and can vary dependent upon market conditions. (Typically 2-3 pip spreads on the major currency pairs and as low as 1 pip on EUR/USD and USD/JPY.) Our best pricing can be found on the homepage of our website however to get a better idea of our pricing please try a FREE demo by downloading our software, MT4 software download.
|
| Does IKON GM - Royal Division charge any commissions for FX trading?
IKON DIRECT
IKON PRO
|
| What leverage does IKON GM - Royal Division offer?
The standard margin requirement for a Spot Forex trade is 1% of the notional value of the instrument traded.
The standard margin requirement for a Spot Metal trade is 5% of the notional value of the instrument traded.
|
| How much is SWAP?
SWAP rates are dependent upon market conditions which can vary daily and are found on the trading platform. SWAP charges are applied at the end of the trading session (5 PM EST), ONCE on Monday, Tuesday, Thursday & Friday and THREE times on Wednesday (this accounts for Saturday and Sunday).
To view swap rates from the platform:
1. Right click inside the Market Watch window
2. Select "Symbols"
3. Double click on the currency pair
4. Select the pair and click "Properties"
|
| Are there any fees for deposits or withdrawals?
IKON GM - Royal Division does not charge fees for deposits. Withdrawals via bank wire are subject to a $20 fee for domestic, $40 fee for international. Please visit our section for more information.
|
| What is IKON GM - Royal Division's trading hours?
Trading is enabled approximately Sunday 5:15 PM EST (22:15 GMT) until approximately Friday 4:55 PM EST (21:55 GMT).
|
| What is IKON GM's NFA ID number?
NFA ID # 0327622
|
| How can I reach the order desk if I need to place an order over the telephone?
Tel: +1 (212) 482-0740
|
What is the margin policy for IKON GM - Royal Division?
IKON GM - Royal Division offers a 50% margin stop out policy.� Meaning that you can use your entire free margin down to zero and then 50% of your initial margin deposit before your positions are liquidated.
Please visit our�Trading Basics section for more information on Margin.
|
