Only a couple of months ago I would have agreed with 'James' review (12/20/2007) of IKON-Royal. Unfortunately, Ikon's quotes have recently changed -- markedly. Maybe they could make enough money with the older narrow spreads? Now (Late August - September 2008), their spreads have widened considerably (spreads evidently often doubled compared to the bid-ask spread quotes offered months ago -- or even much more depending on market conditions). Also now see frequent requotes (perhaps such requotes are to be expected from market-maker dealing desk brokers). IKON's customer service has been good. Problem is, 'the bottom line is the bottom line', and I'm no longer comfortable about trading Forex with them. Hopefully, they just might, someday, choose to go back to their old competitive bid-ask spreads. Otherwise they are history.
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