Ikon Finance Review 2020

Ikon Finance Rated 3/5
Ikon Finance have a low rating. We recommend you look at one of their alternative brokers.
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Ikon Finance Guide

Ikon Finance are an online broker founded in 2011 offering Forex trading, and Social Trading trading.

Ikon Finance are a global broker and have multiple offices around the world including 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.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Ikon Finance we break down 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.

Benefits of trading with Ikon Finance

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : London
  • Foundation year 2011
  • Min Deposit : 200
  • Used by over 10,000 traders
  • Ikon Finance is not available in the following countries : US
Open Ikon Finance's Website

Losses can exceed deposits

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

With this 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 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.


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 8 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.

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.

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.

Broker Ikon XTB Pepperstone eToro
Year Established 2011 2002 2010 2006
Head Office London Poland Australia Cyprus, UK
Regulation Financial Conduct Authority (FCA) 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 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit Ikon Finance Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Ikon Finance Pros and Cons

What we like about Ikon Finance

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

What we don't like about Ikon Finance

Ikon Finance Financial Regulation and Supervision 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 General Fees

  • Ikon Finance doesn't charge withdrawal fees
  • Ikon Finance doesn't charge inactivity fees
  • Ikon Finance doesn't charge deposit fees
Broker Ikon XTB Pepperstone eToro
Min Deposit 200 0 200 200
Withdrawl Fees No varies No Yes
Inactivity Fees No No Yes Yes
Deposit Fees No No No No
CFD Commission Fees Yes Yes Yes No

Ikon Finance Commissions

  • Ikon Finance does charge commission on CFD shares.

What can you trade with Ikon Finance?

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 XTB and Pepperstone below.

Losses can exceed deposits

Broker Ikon XTB Pepperstone eToro
Instruments Available 100 1,500 100 100
Platforms MT4, ZuluTrade, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Ikon Finance Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 45 50 70 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 Visit Ikon Finance Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs Visit Ikon Finance Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 0 1696 60 957
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes No Yes

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's platforms

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
  • 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

What funding and withdrawl methods do Ikon Finance accept?

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

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
  • Neteller
Broker Ikon XTB Pepperstone eToro
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 Yes 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.

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 trader, accounts and instruments.

Education resources at Ikon Finance

To trade effectively with Ikon Finance, it's important to get a have a good understanding of the XTB 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 and less than three 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 5 minutes.

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 XTB Pepperstone eToro
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, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Ikon Finance Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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:

  • 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 10 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 their website 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 12th August 2018.

Ikon Finance Bottom Line

  • Ikon Finance have a good track record of offering Forex, Social Trading.
  • Ikon Finance has a history of over 7 years.
  • Ikon Finance has a reasonable sized client support call center 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 not quite right?

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IKON FINANCE Frequently Asked Questions

Can I try Ikon Finance before I buy?

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

What funding methods do Ikon Finance accept?

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

Losses can exceed deposits

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.