Wikilix
IKON MENKUL logo

IKON MENKUL

Offshore
Turkey
,
Since 2013
Last Updated:
31/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
10
Account Types
StandardETFSpread Betting+6 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

6 methods

Turkish Banks (Isbank, Garanti Bank, Yapı Kredi Bank, Akbank, Finansbank, Takasbank)

bank transfer
hours
Fee:
Free
Fee:
Free

Bank Wire Transfer

bank transfer
2 days
Fee:
$25
Fee:
$25

Credit/Debit Cards (Visa/MasterCard)

credit card
Instant
Fee:
5.2%
Fee:
Free

Skrill

e wallet
Instant
Fee:
Free
Fee:
1.4%

Neteller

e wallet
Instant
Fee:
Free
Fee:
2.0%

Bitcoin

crypto
Instant
Fee:
Free
Fee:
0.5%

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 37%, 3: Software 50%, 4: Spread 0%, 5: Account Type 32%, 6: Symbol 0%
Regulation
4%Poor
License
37%Poor
Software
50%Fair
Spread
0%Poor
Account Type
32%Poor
Symbol
0%Poor

Company Information

Full Name:IKON Menkul Degerler A.S.
Founded:2013
Headquarters:Turkey
Enterprise Offices:N/A

Customer Support

Phone:
+90 444 45 66
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down

Broker Summary

Summary of the broker

Introduction

The financial trading industry is a fast-paced environment where choosing a strong and trusted brokerage is critical for novice and experienced traders alike. IKON MENKUL is a Turkish broker that has steadily established its presence in the brokerage industry since its inception, providing a wide selection of financial products and innovative trading solutions to meet the rapidly changing demands of traders in a competitive environment.

As well as providing the capability for efficient account opening, IKON MENKUL connects its customers to traditional market access through the use of modern trading technology and offers a variety of trading platforms.

This article will provide a comprehensive understanding of IKON MENKUL by discussing its history, services, trading conditions, regulatory status, etc., to ensure customers can make prudent investment decisions.

Establishment and Company History

IKON MENKUL, (officially known as IKON Menkul İth. İhr. Ticaret A.Ş.) was established in 2013 with its head office located in Turkey. The firm operates a verified office located on the 10th Floor, No. 20 Tower Office, which is dedicated to the company’s operations; and where all employees work exclusively for IKON MENKUL.

IKON MENKUL continues to grow its business as a broker by offering its clients a wide variety of trading instruments from the local and international markets, and has focused on developing a "new investment philosophy" (Yatırımda Yeni Anlayış) to enhance the trading experience for its clients. The impressive growth that has been achieved by IKON MENKUL reflects its commitment to integrating technology and modern brokerage services with more traditional brokerage services primarily within the Turkish financial market.Some Of The Main features and services IKON MENKUL Provides

- Large selection of products to trade.

IKON MENKUL has a large starting list of different types of financial products to include in your portfolio including

- Forex (currency pairs)

- Commodities and Metals

- Stocks and Indices

- Hisse Senedi (BIST stocks)

- VİOP (futures market)

- CFDs (Contracts for Difference)

- Emtia (commodities)

Having access to all these different types of products allows traders the ability to spread out their risk and try several different types of financial products in one brokerage account.

- Different Types of Accounts / Trading Conditions

At IKON MENKUL you have an option to open a demo account or a live account. In order to open a live account the trader must complete a minimum of 50 demo trades in a period of 6 Business Days (trader must have proper practice before trading live).

IKON MENKUL does allow trading 24/5 for foreign exchange/precious metals/international stocks; this is great for traders who are continuously trading.

- Fast and Paperless Account Opening

One of the best aspects of IKON MENKUL is their ability to open an account very quickly without requiring the traditional paperwork. When you use the technology available like NFC-enabled Identification Verification, plus Video Call verification, opening an account is very fast and secure.

- Regulatory Compliance/Licensing

Before selecting an online broker to trade with, an important consideration is regulation. Currently, IKON MENKUL does not have formal regulatory oversight or licensing by any formal authoritiesIKON MENKUL imposes a fairly low level of leverage compared with many other big international brokers, with their maximum leverage set at 1:10, when it is available to clients. Specific details about spreads, the minimum amount needed to fund accounts, or commissions are not published, and the various amounts you may have to contact the broker to obtain.

IKON MENKUL allows their clients to utilise five different trading platforms depending on their own preferences and experience levels:

1. MT4 (MetaTrader 4) - (desktop, mobile, web) this is the most commonly used trading platform by both new as well as experienced traders, it would be a good option for those wanting ease of use and good charting.

2. Online Branch (web) - proprietary trading platform used by IKON MENKUL for both accounts and trade management.

3. Matriks (desktop and web) - very popular with traders in Turkey who wish to trade on the latest advanced market data.

4. ForInvest (web) - contains a lot of information to aid traders with market analysis.

5. iDealData (web) - contains a lot of information to aid traders with market analysis.

At present IKON MENKUL DOES NOT have MT5 as an option available.

There are three options for the fee structure of IKON MENKUL, all of which are clear and do not place any fees on deposits or withdrawals. This transparency on fees enables traders to reduce their trading costs significantly.You may make deposits at major Turkish banks, e.g., Isbank, Garanti Bank, Yapı Kredi Bank, Akbank, Finansbank, and Takasbank.

But specific commission, inactivity, or any other fees aren’t well known or disclosed to the public. Therefore, if you're interested in becoming a new client of IKON MENKUL, contact them directly to learn the full range of fees they charge.

Fee Information

Fee Type

Details

Fee for Depositing

No Fee

Fee for Withdrawing

No Fee

Commission

Not Available

Inactivity Fee

Not Available

User Experience & Market Reputation

There are many positives about trading with IKON MENKUL that contribute to an overall good user experience. Some of these are a wide variety of trading instruments offered, multiple trading platforms to select from, demo accounts for practice before opening a live account, and no fees charged for depositing or withdrawing money. In addition, clients can reach IKON MENKUL via multiple different Means including, phone, email, on social media, or by filling out an online request. Therefore, clients will find it easy to contact IKON MENKUL and receive excellent customer support.

On the negative side, some traders may consider the lack of regulatory oversight, plus the requirement for completion of 50 demo trades before opening a live account, a disadvantage. Additionally, most of the IKON MENKUL website and services are only available in Turkish, which may limit access to non-Turkish speakers.

There isn’t a lot of publicly available information regarding customer reviews or ratings of IKON MENKUL. The reputation of IKON MENKUL derives from its physical presence (verified) and through its published official communications.

Recent Developments

As of 2024 no public announcements have been made or significant updates have been reported regarding services provided by IKON MENKUL or corporate developments. IKON MENKUL remains focused on improving the process for opening digital accounts through the use of ID verification via NFC technology and digital video calls to simplify their clients' onboarding.

Although there is little detailed information regarding innovations or news about IKON MENKUL, they are committed to becoming increasingly user-friendly and technologically capable in the Turkish trading sector.

Summary

IKON MENKUL is a well-rounded broker that uses technology to be at the forefront of the Turkish financial service industry. They have a vast group of trading options, a choice of several different trading platforms, and new account opening procedures that combine technology and personal interactions; making them a very interesting choice for both domestic and international clients.

However, since they do not have licensing through regulatory agencies and not much publicly available information is offered related to trading costs and conditions, individuals should consider these items combined with the positives about IKON MENKUL and spend time conducting research before engaging in live trading.

Overall, given their 10 years in business and their commitment to incorporating technology into traditional brokerage services, IKON MENKUL is worth consideration as a possible trading options provider in Turkey.

Regulatory Licenses

Compliance & oversight

1 license
Turkey
FSCTier 3
Turkey
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

9 types
Standard
Standard
Leverage 1:1 • Commission Competitive spreads and commission rates
Leverage1:1
CommissionCompetitive spreads and commission rates
ETF
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Spread Betting
Spread Betting
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Shares
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Standard
Standard
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Crypto
Crypto CFD
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Shares
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Spread Betting
Spread Betting
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Spread Betting
Spread Betting
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
9
Total Types
4
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

6 methods
Turkish Banks (Isbank, Garanti Bank, Yapı Kredi Bank, Akbank, Finansbank, Takasbank)
Bank Transferhours
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Demo account activity (50 transactions in 6 business days) required before real account funding. No support for credit cards, e-wallets, crypto, or wire transfers.
Bank Wire Transfer
Bank Transfer2 min
Deposit
Fee:USD 25
Min:USD 100
Max:USD 50,000
Withdrawal
Fee:USD 25
Min:USD 100
Max:USD 50,000
Ensure to cover any bank fees associated with the transfer. Available internationally; fees may vary based on sending and receiving banks.
Credit/Debit Cards (Visa/MasterCard)
Credit CardInstant
Deposit
Fee:5.2%
Min:USD 10
Max:USD 50,000
Withdrawal
Fee:Free
Min:USD 10
Max:USD 50,000
Be aware of potential additional fees from your card issuer. Generally available; some regions may have restrictions.
Skrill
E-WalletInstant
Deposit
Fee:Free
Min:USD 5
Max:USD 50,000
Withdrawal
Fee:1.39%
Min:USD 5
Max:USD 50,000
Ensure your Skrill account is verified. Available in multiple countries; check Skrill's availability in your region.
4
Free Deposit
6
Instant
1
Crypto

Trading Platforms

Professional trading tools

1 Available
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with IKON MENKUL: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark IKON MENKUL at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for IKON MENKUL

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Comments

Share your thoughts and experiences with IKON MENKUL