You might suppose that there’s something familiar about AKforex. That something may be its association with The Ikon Group, which is a large provider of financial trading service to over 18,000 institutional and retail clients in over 90 countries. The scope of AKforex’s activities is considerably more limited. Specifically, AKforex offers online forex trading as an Introducing Broker for the Royal Division of Ikon GM.
The Royal Division is part of Ikon Global Markets, Inc. An introducing broker is simply some one or an organization that can perform all the functions of a broker except for accepting money, securities, or property from a client.
AKforex is headquartered in the city of Athens in Greece. From that location it caters to exclusive investors from around the world by offering unique and individualized service. It focuses its activities on an exclusive client segment and prides itself on its quality of service in the market. Its clients are both private and institutional. In essence its offers a managed account experience for those lacking the time, the experience or the desire to trade in the currency markets themselves.
A managed account is said to offer some of the following advantages:
• Management by professional traders with extensive experience and knowledge
• Asset diversification from Forex trading that not is correlated to the stock market
• Equal trading facility in both rising and falling FOREX markets.
• Real-time account management with 24-7 access statement reporting
• Asset liquidity.
• An emphasis on low-risk strategies
AKforex requires a minimum balance of $10,000 USD to open a managed Forex account on your behalf.
The platform of choice for AKforex is the ever-popular MetaTrader 4.
A free practice account is also available for those who are considering a relationship with AKforex or who may want to hands-on experience trading Forex in a risk-free fashion.
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