Score
Turkey
|
5-10 years
| https://www.ikonmenkul.com.tr/
Website
Rating Index
MT4/5
Full License
IKONMenkul-MT4
Influence
C
Influence index NO.1
Turkey 3.74
MT4/5 Identification
Full License
TurkeyInfluence
C
Influence index NO.1
Turkey 3.74
LicensesNo valid regulatory information, please be aware of the risk!
Turkey
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
ikonmenkul.com.tr Turkey| IKON MENKUL Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Turkey |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Metals, Stocks, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:10 |
| EUR/USD Spread | 1 pip |
| Trading Platform | MT4, Online Şube, Matriks, ForInvest, iDealData |
| Minimum Deposit | / |
| Customer Support | Phone: 444 4 566, 0212 454 8400 |
| Email: info@ikonmenkul.com.tr | |
| Social Media: Facebook, Instagram, YouTube, LinkedIn, Twitter, TikTok, Telegram | |
IKON Menkulis a Turkish brokerage firm providing a wide range of financial services for individual and institutional investors. Specializing in Forex, Commodities, Metals, Stocks, and Indices, IKON Menkul offers access to global and local markets with competitive leverage and a variety of trading accounts. The firm also provides comprehensive tools and platforms, including MetaTrader 4 and its proprietary trading systems.
| Pros | Cons |
| Wide range of market instruments | No regulation |
| Five trading platforms supported | Conditions set for opening live accounts |
| Demo accounts available | The website only supports Turkish |
| No deposit and withdrawal fees | |
| Various contact channels |
IKON MENKUL has not been regulated by any authorities. You should take care when you engage with this platform.
IKON MENKUL offers a wide range of tradable products, including Forex, Commodities, Metals, Stocks, and Indices.
| Tradable Instruments | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ❌ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
IKON MENKUL offers a demo account and a real account.
However, before opening a real account at IKON Forex, traders must have made at least 50 transactions within 6 business days in their demo account, which is defined by their name and the e-mail address they will specify in the contract.
KON Menkul offers flexible leverage options up to 1:10.
Traders and their chosen brokerage can decide on the amount of leverage they wish to use. Leverage allows you to control a larger position in the market with a smaller amount of capital.
However, while traders have the freedom to negotiate the leverage, there‘s a cap—the leverage ratio can’t exceed 1:10. This means that for every 1 unit of your own money, you can control up to 10 times that amount in trades.
According to KON Menkul, commission structures vary across the markets, with Forex usually offering a commission-free model where brokers make their money from spreads.
| Trading Assets | Commission |
| Stocks | Vary |
| VOB | Vary |
| Forex | ❌ |
IKON Menkul asserts that it does not charge deposits and withdrawals.
IKON Menkul claims to support multiple trading platforms:
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| Online Şube | ✔ | / | / |
| Matriks | ✔ | / | / |
| ForInvest | ✔ | / | / |
| iDealData | ✔ | / | / |
| MT5 | ❌ | / | Experienced traders |
IKON Menkul accepts depositing methods including:
To log into my IKON Menkul account, I would use the MT4 platform, which is available on desktop, mobile, and web. This gives me flexibility to trade wherever I am.
IKON Menkul works with MT4, which is fine for forex and commodities trading, but I would prefer MT5 for its advanced features. Offering both platforms would cater to both beginners and experienced traders.
The minimum deposit is not explicitly mentioned for all accounts, but I assume it is around $50 for the Standard account. I’d want to confirm this directly with them before making a deposit.
IKON Menkul does not charge commission for forex trading, which is good for me because it keeps my costs predictable. However, their spread varies depending on the market, with forex being commission-free, but stocks can have varying commission fees. I would like to see clearer fees for all instruments.
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