Review summary
Ikas Forex Ltd (operating under the brand ikasfx) is a relatively new broker established within the last 1–2 years and registered in the Dominican Republic, a region flagged as suspicious for operational oversight. According to WikiFX assessment, the broker holds no valid authoritative forex trading licenses, which means it operates without the backing of a recognized regulatory framework. As a result, traders should be aware of the inherent lack of financial oversight and investor protection. The broker's WikiFX score stands at a low 1.19, reflecting these regulatory concerns. On the trading side, Ikas Forex offers two account types: an ECN account with spreads from 0.0 pips and a standard account with spreads from 1.0 pips, both requiring a minimum deposit of just 0.01 units of currency. Leverage is available up to 1:1000 for forex and metals, and up to 1:400 for crude oil. The platform supports scalping, hedging, and Expert Advisors, and offers an Islamic account option. However, without a credible regulatory license, this broker presents a high-risk environment for traders seeking a secure and regulated trading experience. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-16)
MiraTrader
Turkey
Trading with İkasForex is reassuring, the platform is stable, and the support team is highly professional. The educational content and market analyses are beneficial for investors. A positive experience for those seeking a reliable broker oldu.Ayr, and IB payments are also credited in full.
Positive
FX3255754769
Turkey
I have been trading smoothly with İkasForex for 6 months. The spreads are very low, withdrawals take no more than 24 hours, and they don’t charge any commissions. Turkish support responds instantly via WhatsApp. MT5 is very fast, and I haven’t experienced any slippage. The bonuses are also realistic and easy to convert. A trustworthy company—I highly recommend it with peace of mind!
Positive
FX4070603925
United States
I joined İkasfx after seeing it on social media, and I'm using an Islamic account. I'm very satisfied; not having swaps has been a great comfort for me. Deposits and withdrawals are also quite fast for now, thank you.
Positive
Lyraa
Turkey
I've been trading with İkasForex for 6 months without any issues. The spreads are very low, withdrawals are credited to the account on the same day (usually within 1-2 hours). English support responds instantly via WhatsApp. Reliable and fast, I definitely recommend it!
Positive
TraderYuno
Turkey
Since I started trading with ikas forex, I have been very satisfied with the platform's speed and stability. Order execution is very fast, spreads are competitive, and customer support is particularly attentive. They respond to all my questions promptly, which is reassuring. The user interface is simple and intuitive, making it a platform that even beginners can use comfortably. Overall, I am very satisfied with my trading experience and would definitely recommend it to anyone looking for a reliable broker.
Positive