IKON MENKUL Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-20 14:55

Abstract：IKON Menkul is 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.

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 MENKUL Information

　　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

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

Is IKON MENKUL Legit?

　　IKON MENKUL has not been regulated by any authorities. You should take care when you engage with this platform.

What Can I Trade on IKON MENKUL?

　　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	❌

Account Type

　　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.

Leverage

　　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.

Fees

　　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.

Trading Platform

　　IKON Menkul claims to support multiple trading platforms:

Online Şube: Web-based platform for BIST and VİOP transactions.
Matriks: Advanced charting and trading platform.
MetaTrader 4 (MT4): For forex, commodities, and international stocks.
ForInvest: Comprehensive market data and analysis tools.
iDealData: Real-time price data and in-depth analysis.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Mobile, Web	Beginners
Online Şube	✔	/	/
Matriks	✔	/	/
ForInvest	✔	/	/
iDealData	✔	/	/
MT5	❌	/	Experienced traders