Ikon Finance Review for 2019

Ikon Finance Rated 4/5

Ikon Finance Introduction

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.

Open Ikon Finance's Website

As with any investment your capital is at risk, 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 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 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

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

What we like

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

What we don't like

Ikon Finance General Fees

  • Ikon Finance doesn't charge withdrawal fees
  • Ikon Finance doesn't charge inactivity fees

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 Interactive Brokers and XTB below.

FX / Currencies Ikon IB XTB
# of forex pairs offered 45 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs Ikon Finance Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Ikon Finance Interactive Brokers XTB
# of Stocks offered 0 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Ikon's
Instruments
IB's
Instruments
XTB's
Instruments

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 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

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, but as a guide, Ikon Finance offer margin up to 0.01% on currencies.

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, phone, email support and less than three languages.

What you will need to open an account with Ikon Finance

As Ikon Finance is regulated by Financial Conduct Authority, 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 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 below funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, Neteller, among other payment methods. Learn more here

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. 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.