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IKON provides a very attractive commission plan through its scalping scheme. Approved scalpers get highly competitive fixed commission plan. To protect mutual benefits of IKON and the Scalpers and to foster encouraging trading behaviors, IKON has the corresponding policy of scalping.
IKON provides scalping accounts for traders who wish to scalp. Customers are required to inform IKON of their intention to scalp in their open account application form and their accounts will be labeled as scalping accounts.
According to IKON policy scalping is defined as a method traders use where they open and close trades within 120 seconds, and these Scalping trades constitute more than 25% of the total trading.
Scalpers are allowed to trade on the Turbo Meta, Maximus and Prodigy Platforms.
In the event, any client utilizes Scalping trades (as defined above), and does not declare that he is a Scalper, then IKON is entitled, at its sole discretion, to deduct any profit generated from the scalping trades and the client hereby undertakes not to object or contest such deduction of the said profits.
If you have any questions please do not hesitate to contact us.