Ikon Finance Review 2020

Ikon Finance Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Ikon Finance Guide - Read our In Depth Ikon Finance Review

This Ikon Finance review was written by industry experts with over 20 years of financial experience in Forex, Social Trading.
The content in this Ikon Finance review does not apply to US users.

What is Ikon Finance?

Ikon Finance are an a global online financial trading platform and multi asset broker founded in 2011

Over 9 years later Ikon Finance has grown to offering retail investors Forex trading, and Social trading.

Ikon Finance are a global broker and have a head office in London.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Ikon Finance review and assess how well the Ikon Finance platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Ikon Finance can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Ikon Finance we breakdown the pros and cons. What Ikon Finance are able to offer, what countries Ikon Finance are available in. Who Ikon Finance are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Ikon Finance review useful.

This review of the Ikon Finance platform is very detailed. If you are interested in trading with Ikon Finance in any capacity please take the time to read and research the whole Ikon Finance review.

We have tried to explain the ins and outs of financial trading through the Ikon Finance platform as plainly as possible so that you the trader are as informed as possible before you start to use the Ikon Finance trading tools and depositing and withdrawing funds from Ikon Finance.

Benefits of trading with Ikon Finance

Open Ikon Finance's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Ikon Finance like Forex trading, and Social trading. you should have confidence in Ikon Finance and know that the management of your financial investments on the Ikon Finance platform is in good hands.

At the bottom of this Ikon Finance review you can also learn about some pretty good alternatives to Ikon Finance

With this Ikon Finance review we hope to help you see if Ikon Finance is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Ikon Finance that will help you get off to a good start in the world of online trading.

Ikon Finance Review Table of Contents

Ikon Finance review
Ikon Finance is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Ikon Finance. Ikon Finance is a multi asset platform with 100+ tradable Assets. Assets available on Ikon Finance include Forex, Social Trading.

Ikon Finance trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, Social Trading are considered financial assets.

Ikon Finance review
Features of Ikon Finance

Ikon Finance review
What you should know

Ikon Finance offer two ways to trade: Forex, Social Trading.

With Ikon Finance you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with Ikon Finance platform.

Ikon Finance are able to accommodate various levels of traders whether you are experienced or a beginner.

Ikon Finance review
Are Ikon Finance safe?

When choosing a broker like Ikon Finance the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 9 years Ikon Finance have a head office in London.

Ikon Finance is regulated. This means Ikon Finance are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Ikon Finance, this will be honored. If Ikon Finance violate any regulatory rules their regulated status could be stripped.

Ikon Finance review
Is my money safe with Ikon Finance?

Any payments funded to Ikon Finance accounts by traders are held in a segregated bank account.

For added security Ikon Finance use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Ikon Finance use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Ikon Finance deposited in a Tier 1 bank?

Having any money you deposit with Ikon Finance means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Ikon Finance goes out of business for some reason.

Therefore, we can safely conclude that Ikon Finance is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, Social Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Ikon Finance also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding Ikon Finance. let us look at the Ikon Finance features in more detail.

Try creating two accounts when you are working with Ikon Finance. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Ikon Finance

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Ikon Finance as a Company Compare Against Other Brokers

Broker Ikon eToro IC Markets XTB
Year Established 2011 2006 2007 2002
Head Office London Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Ikon Finance users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Ikon Finance Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ikon Finance review
Ikon Finance Pros and Cons

What we like about Ikon Finance

  • Used by over 10,000 Ikon Finance users and traders
  • Established in 2011
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $200

What we don't like about Ikon Finance

Ikon Finance review
Ikon Finance Regulation and Licensing in more detail

We have checked and Ikon Finance is regulated and supervised by reputable organisations. You are able to check every Ikon Finance supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Ikon Finance. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Ikon Finance traders and provide a safe trading environment.

Ikon Finance is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Ikon Finance you should be sure they're legitimate online agent.

Ikon Finance review
Is Ikon Finance Global?

Yes, Ikon Finance is global as Ikon Finance is available in over 194 countries.

Ikon Finance is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Ikon Finance covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Ikon Finance has a total of more than 10,000 users.

Ikon Finance review
Ikon Finance Fees Explained

  • Ikon Finance doesn't charge withdrawal fees
  • Ikon Finance does not charge a fee for inactive accounts.
  • Ikon Finance doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Ikon Finance Fees Compare Against Other Brokers

Broker Ikon eToro IC Markets XTB
Min Deposit 200 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes No Yes Yes

Ikon Finance review
Ikon Finance Minimum Deposit

Ikon Finance require a minimum desposit of 200 GBP/USD when opening an Ikon Finance trading account.

A minimum deposit is the minimum amount of money required by Ikon Finance to open a new online brokerage account with them.

Dont be scared off by brokers like Ikon Finance charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Ikon Finance review
Ikon Finance Withdrawal Fees

Ikon Finance doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Ikon Finance for example allow you to withdraw your funds to Credit cards, Bank Transfer, Neteller, Skrill, Payoneer.

Ikon Finance review
Ikon Finance Inactivity Fees

Ikon Finance does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Ikon Finance review
Ikon Finance Desposit Fees

Ikon Finance does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Ikon Finance review
Ikon Finance Commission Fees

Ikon Finance does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Ikon Finance review
What can you trade with Ikon Finance?

Be aware that Different entities under Ikon Finance Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Ikon Finance over 100 instruments infact.

If you are looking at trading currency pairs Ikon Finance offer over 45 currency pairs.

Compare Ikon Finance with eToro and IC Markets below.

Losses can exceed deposits

How Ikon Finance Trading Options Compare Against Other Brokers

Broker Ikon eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, ZuluTrade, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 45 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Ikon Finance
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ikon Finance review
Trading on Ikon Finance web platforms and other applications

Ikon Finance offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Ikon Finance also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See Ikon Finance's platforms

Ikon Finance review
Is the Ikon Finance Trading Platform Secure?

Ikon Finance safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Ikon Finance also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Ikon Finance.

Ikon Finance review
Ikon Finance Trading Platform Options

Once you have logged into your Ikon Finance account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

Ikon Finance does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

Ikon Finance does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Ikon Finance gives you.

Ikon Finance review
Ikon Finance MetaTrader 4 (MT4)

Ikon Finance MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Ikon Finance. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Ikon Finance in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Ikon Finance MetaTrader 4 is compatible with the latest macOS Mojave. Ikon Finance allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Ikon Finance

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Ikon Finance MetaTrader 4 on IOS Devices

You can download the Ikon Finance app or also trade with Ikon Finance through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Ikon Finance MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Ikon Finance provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Ikon Finance MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Ikon Finance MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Ikon Finance MetaTrader 4 Advanced Trading Tools

The Ikon Finance advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Ikon Finance offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Ikon Finance MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Ikon Finance MetaTrader 4 AutoChartist

Ikon Finance Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Ikon Finance Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Ikon Finance Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • STP account
  • Managed account
  • Islamic account

Can I try Ikon Finance before I buy?

Ikon Finance offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

Ikon Finance withdrawal and funding methods.

Please note that the list of Ikon Finance payment methods below depend on the Ikon Finance Entity and the Clients Country of Residence.

Ikon Finance offer the below funding payment methods. learn more about Ikon Finance

Ikon Finance Payment Methods

  • Ikon Finance accepts Credit cards
  • Ikon Finance accepts Bank Transfer
  • Ikon Finance accepts Neteller
  • Ikon Finance accepts Skrill
  • Ikon Finance accepts Payoneer
Broker Ikon eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with Ikon Finance?

When opening a trading account with Ikon Finance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Ikon Finance trading platforms here.

Losses can exceed deposits

Performing trades with Ikon Finance

Ikon Finance allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Ikon Finance offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Limit Risk When Trading with Ikon Finance Stop Loss, Ikon Finance Stop Limit Orders

A stop-loss order is an order placed with a broker like Ikon Finance to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Ikon Finance

To trade effectively with Ikon Finance, it's important to get a have a good understanding of the Ikon Finance trading tools and the markets.

Ikon Finance offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Ikon Finance.

Take time to look around the Ikon Finance platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Ikon Finance

Ikon Finance support a limited number including English, and Chinese

Ikon Finance have a double AA grade support rating because Ikon Finance offer live chat and email support in multiple languages.

Livechat Support at Ikon Finance

We tested the Ikon Finance live chat and it works well. We sent messages to Ikon Finance livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with Ikon Finance support in multiple languages in multiple countries. Ikon Finance where able to quickly resolve our customer issues.

Email Support at Ikon Finance

We sent several emails to Ikon Finance and answer times overall were excellent. The fastest response from Ikon Finance was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Ikon Finance, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Ikon Finance.

Phone Support at Ikon Finance

We called Ikon Finance and the call was answered very quickly. The call was answered in less than 5 minutes.

The Ikon Finance phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Ikon Finance team by calling in varying languages. Ikon Finance made an effort to make sure our queries were answered.

Overall great phone support from Ikon Finance.

See how Ikon Finance Support Compares Against Other Brokers

Broker Ikon eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, and Chinese English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Ikon Finance Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Ikon Finance

As Ikon Finance is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Ikon Finance Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Ikon Finance's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Ikon Finance you can visit the Ikon Finance trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.ikonfinance.com/ on December 01, 2020.

Ikon Finance review
Is Ikon Finance A Good Broker?

We spent over 3 months examining Ikon Finance in depth. Although we found some very useful aspects of the Ikon Finance platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Ikon Finance broker.

  • Ikon Finance have a good track record of offering Forex, Social Trading.
  • Ikon Finance has a history of over 9 years.
  • Ikon Finance has a reasonable sized customer support of at least 10.
  • Ikon Finance are regulated by Financial Conduct Authority (FCA). This means Ikon Finance fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Ikon Finance have regulation from a Tier 1 reputable country.
  • Ikon Finance has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Ikon Finance have an international presence in multiple countries. This includes local Ikon Finance seminars and training.
  • Ikon Finance are able to hire people from various locations in the world who can better communicate in your local language.

Ikon Finance Risk Disclaimer

Losses can exceed deposits

Ikon Finance review
Ikon Finance not quite right?

If after reading this Ikon Finance review, Ikon Finance does not fulfill your needs check out these Ikon Finance Alternatives.

Click here to view the best Ikon Finance Alternatives

We have spent years researching the best alternatives to Ikon Finance. Click the links below to learn more.

If you feel some of the above Ikon Finance are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Ikon Finance alternatives below.

Ikon Finance review
Related Ikon Finance Vs Comparisons

We have covered allot in this Ikon Finance review, If you want to see how Ikon Finance compares side by side with other brokers check out our Ikon Finance Vs pages.

If you would like to see how Ikon Finance stands up against other brokers you can read some of our Ikon Finance comparisons below. We compare side by side some of our top rated Ikon Finance versus comparisons. Read our indepth Ikon Finance VS pages below.

Ikon Finance review
IKON FINANCE Frequently Asked Questions

Can I try Ikon Finance before I buy?

Ikon Finance offer a demo account so you can try the Ikon Finance platform before you put down a payment. Learn more here

What funding methods do Ikon Finance accept?

Please note that the list of payment methods below depend on the Ikon Finance Entity and the Clients Country of Residence.

Ikon Finance offer the following funding payment methods Credit cards, Bank Transfer, Neteller, Skrill, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Ikon Finance safe?

Ikon Finance are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Ikon Finance accounts by traders are held in a segregated bank account. For added security Ikon Finance use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Ikon Finance trading good?

Ikon Finance is considered good and reputable to trade with Ikon Finance. Ikon Finance is used by over 10000 active traders and Ikon Finance users. Ikon Finance offers Forex trading, and Social trading. Minimum deposit with Ikon Finance is 200.

Is Ikon Finance trading Legit?

Ikon Finance was founded in London in 2011. Ikon Finance has been facilitating trade on the financial markets for over 9 years. Ikon Finance offers clients Forex trading, and Social trading. All funds deposited to Ikon Finance are held in segregated tier 1 bank accounts for security. Ikon Finance is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Ikon Finance a good broker?

Ikon Finance is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. Ikon Finance allows Forex trading, and Social trading.

Is Ikon Finance trustworthy broker?

Ikon Finance can be considered trustworthy. All money funded to Ikon Finance is placed into a segregated tier 1 bank account. this means your money in not held by Ikon Finance directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Ikon Finance is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for Ikon Finance?

The minimum deposit to trade with Ikon Finance is 200.

How long do Ikon Finance withdrawals take?

Withdrawing money from Ikon Finance processing time varies but averages 2-5 days.

Is Ikon Finance regulated?

Ikon Finance is regulated by Financial Conduct Authority (FCA).

Is Ikon Finance a market maker?

Ikon Finance is a market maker. Stocks, currency and other commodities and instruments will be purchased by Ikon Finance even if no buyer is lined up.

How can I start trading with Ikon Finance?

When opening a trading account with Ikon Finance, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Ikon Finance trading platforms here.

Is my money safe with Ikon Finance?

Ikon Finance is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like Ikon Finance is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Ikon Finance, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Ikon Finance a con?

Ikon Finance is regulated and well established having been in business for over 9 years. Ikon Finance is definitely not a con.

Can you make money with Ikon Finance?

Although traders have had great success with Ikon Finance. Trading on the financial markets with Ikon Finance is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Ikon Finance have fees?

Ikon Finance doesn't charge withdrawal fees. Ikon Finance doesn't charge inactivity fees. Ikon Finance doesn't charge deposit fees.

When was Ikon Finance founded?

Ikon Finance was founded in 2011.

How many people use Ikon Finance?

Ikon Finance is used by over 10000 registered Ikon Finance users.

What is Ikon Finance Headquarters country?

Ikon Finance has its head quarters office in London.

Does Ikon Finance offer negative balance protection?

Ikon Finance does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Ikon Finance offer guaranteed stop loss?

Ikon Finance does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Ikon Finance allow scalping?

Ikon Finance offers scalping.

Does Ikon Finance allow hedging?

Ikon Finance offers hedging.

Does Ikon Finance offer CFD trading?

Ikon Finance does not offer CFD trading.

Does Ikon Finance offer STP?

Ikon Finance offers STP trading.

How many people use Ikon Finance?

Ikon Finance is used by over 10000 Ikon Finance users and traders.

Is Ikon Finance an ECN broker?

Ikon Finance offers ECN trading.

Does Ikon Finance offer a demo account?

Ikon Finance offers a demo account.

Does Ikon Finance offer an Islamic account?

Ikon Finance offers a Islamic accounts.

What are the funding methods for Ikon Finance?

Ikon Finance accept the following funding methods : Credit cards, Bank Transfer, Neteller, Skrill, Payoneer.

Ikon Finance review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Ikon Finance brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Ikon Finance review written by Mark Hansen of Comparebrokers.co