IKON Finance Guide – Read our In-Depth IKON Finance Review
This IKON Finance review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this IKON Finance review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you need to choose the ideal agent who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. IKON Finance is one such platform which will take you along with your investment into great heights. It's important to understand about IKON Finance until you trust them with your money.
Our full IKON Finance Review covers everything you will need to learn about trading with IKON Finance. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you select them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IKON Finance is a broker that has forged its way successfully into the brokerage world. Within this review, we have tried to collate some of the important facets of IKON Finance. This review can help you to know whether IKON Finance is a fantastic match for your investments or not. We've tried to breakdown all of the features and charges for your advantage.
IKON Finance Review, Table Of Contents
- Who are IKON Finance?
- Benefits Of Trading With IKON Finance
- Everything you should know about trading with IKON Finance
- Is IKON Finance Safe To Trade With?
- Pro's & Con's Of Trading With IKON Finance?
- Compare Brokers Similar To IKON Finance
- Regulation And Licencing In More Detail
- IKON Finance Awards
- Minimum Deposit Required For A Live Account With IKON Finance
- IKON Finance Commission And Fees Explained
- Compare broker fees against IKON Finance
- IKON Finance Withdrawal Fees Explained
- IKON Finance Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With IKON Finance?
- Alternatives To IKON Finance
- Frequently Asked Questions About IKON Finance
Who are IKON Finance?
IKON Finance is a foreign exchange broker headquartered in London and provides a variety of instruments for trading. Since its inception in 2011, IKON Finance has emerged as a leading player in the industry of online brokerage. IKON Finance includes an extremely aggressive and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 10 years, IKON Finance has grown into one of the leading online brokers.
After establishing in 2011, their consumer base has become as big as 10,000+ clients.
IKON Finance is the favorite for many traders.. Our IKON Finance review found that they are an superb alternative for automated trading solutions. It is best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at IKON Finance.
Technology plays a substantial role at IKON Finance. IKON Finance offers trading on MT4, ZuluTrade, Tablet & Mobile apps. IKON Finance is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The educational department at IKON Finance is quite insightful for new traders since it allows them to get a closer look in the financial markets. IKON Finance caters to all sorts of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that IKON Finance is not right for you then at the bottom of this IKON Finance review you wil find a lot of alternatives to IKON Finance.
What you should know about trading using IKON Finance
IKON Finance is a dynamic platform that offers various procedures of trading. These instruments cover the financial markets considerably. The Majority of the brokerage platforms provide less approaches than IKON Finance
If you want to trade with IKON Finance, you'll require a minimum deposit of $200. This deposit is mandatory if you would like to start trading using IKON Finance. This 2021 IKON Finance review will guide you safely about trading with them.
IKON Finance is as flexible as another brokerage platform. IKON Finance is great for traders who want a manageable range of cheap services. The platforms supplied by IKON Finance are third-party, white-label offerings. All traders may pick out of MT4, ZuluTrade, Tablet & Mobile apps.
Along with everything, IKON Finance has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The brokers offer premium customer service which rewards customers with advantages.
Many unprofessional brokers attempt to pressurise customers into bigger financing for superior services. IKON Finance, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will come along.
IKON Finance accounts are available around the world and provides outstanding service everywhere they have clients. There are a few countries where IKON Finance accounts are not available. Traders in the following countries cannot open or use a IKON Finance account:
Is IKON Finance Safe To Trade With?
Established in 2011, IKON Finance has been open for 10 years, they have a head office in London.
IKON Finance is regulated by Financial Conduct Authority (FCA). These figures have rules that make sure that trading platforms have measures in place to keep investor's assets secured. This means that IKON Finance users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with IKON Finance for increased safety. An SMS with the verification code will be sent to your phone. You will be asked to input this code to log in to your account.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is much more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With IKON Finance
Every online trading platform has a few pros and cons IKON Finance review would be complete without having a balanced approach. This IKON Finance review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
IKON Finance Pro's
- IKON Finance is trusted by 10,000+ clients
- IKON Finance doesn't charge withdrawal fees
- IKON Finance doesn't charge inactivity fees
- IKON Finance doesn't charge deposit fees
- IKON Finance offer trading on MT4, ZuluTrade, Tablet & Mobile apps
- IKON Finance offer 100 trading instruments
- IKON Finance trades major forex pairs
- IKON Finance trades minor forex pairs
- IKON Finance trades exotic forex pairs
- IKON Finance can communicate in
IKON Finance Con's
- IKON Finance does not offer Negative Balance Protection
- IKON Finance does not offer Guaranteed Stop Loss
- IKON Finance doesn't offer trading on cryptocurrencies
- IKON Finance charge CFD fees
IKON Finance Review - Compare Brokers Similar To IKON Finance
|Headquarters||London||UK||New Zealand||United States|
|Regulated By||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048||Financial Services Provider (FSP)||Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Losses can exceed deposits||Your capital is at risk||73% of retail investor accounts lose money when trading CFDs with this provider|
IKON Finance Review - Regulation And Licencing In More Detail
IKON Finance is regulated by Financial Conduct Authority (FCA).
IKON Finance, as a business, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
IKON Finance Review - Awards
- At the time of writing this IKON Finance review, they had not received any awards.
IKON Finance Review - Minimum Deposit Required
The minimum deposit you need to begin on IKON Finance is $200. This is a decent amount for those just beginning. It's possible to make more advanced residue as you cooperate. However, ensure you understand how to make the most of your cash before investing in larger amounts.
IKON Finance Review - Commission And Fees Explained
IKON Finance is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are spending a spread, funding speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, IKON Finance doesn't charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by IKON Finance are comparatively greater. As a result, you're charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This IKON Finance review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against IKON Finance
IKON Finance Review - Withdrawal Fees ExplainedIKON Finance doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from the IKON Finance account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn money is going to be sent to the card. IKON Finance will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you're choosing to withdraw in.
IKON Finance Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head when open an account with IKON Finance. An inactivity fee is an amount charged to registered dealers that haven't participated in purchasing or selling for a while. The period considered inactive is decided by the agent.
The inactivity fee differs from one agent to another and is not standardized. If a traders account does not have a purchasing or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions that they had agreed while enrolling.
IKON Finance doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are implied by IKON Finance, it's better that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.
IKON Finance Review - Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this particular operation.
IKON Finance doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the IKON Finance trading platform is easy. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit substantial amounts.
IKON Finance Review - Compare Broker Deposit Methods
What Can You trade With IKON Finance?
Note: IKON Finance offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different depending on the country of residence of the client.
IKON Finance has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then IKON Finance offer over 45 currency pairs.
Compare IKON Finance, HYCM, Bitfinex & Forex.com below.
Alternatives To IKON Finance
If, after studying this IKON Finance review, IKON Finance does not fulfill your needs check out these IKON Finance alternatives.
We've scoured the internet to find the best alternatives to IKON Finance. Click on the links below to find out more.
Frequently Asked Questions about IKON Finance
Can I try IKON Finance before I buy?
Yes, you can most certainly try IKON Finance before you buy. IKON Finance provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up to get a demonstration account on IKON Finance, you may set out using a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you decide to spend your own money.
With this virtual IKON Financedemo account, you can experiment at all, to whatever period you desire. You can even open positions, test different trading strategies, and much more.
IKON Finance specifies on its official site that you can exchange real time stocks with your demo account.
Is IKON Finance safe?
It is possible to drop all your worries since we believe that IKON Finance is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA).
Even so, IKON Finance doesn't provide assured stop-loss protection.
Why does IKON Finance ask for my passport?
The reason that IKON Finance asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, IKON Finance has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, IKON Finance must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with IKON Finance?
The process to start trading withIKON Finance is perhaps simple enough to be a cakewalk. You need to begin by signing up on the IKON Finance website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with IKON Finance is $200. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with IKON Finance.
The best way to kickstart your trading career with IKON Finance is to open a demo account facility before risking any real money
What funding methods do IKON Finance accept?
There are multiple methods to fund your accounts with IKON Finance. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The currencies IKON Finance
Is my money safe with IKON Finance?
Yes, your cash is safe and secure with IKON Finance. As you already know, IKON Finance works with good conformation to. It's established plenty of measures to protect all of its investors.
IKON Finance safeguards its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, you can enable Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.
Is IKON Finance trading good?
Yes, trading through IKON Finance is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. Moreover, you can also obtain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does IKON Finance support?
IKON Finance operates across the world. However, due to regulations there are some countries that IKON Finance do accept clients from
Is IKON Finance legit?
IKON Finance is a legit company headquarted in London since 2011. They are regulated by Financial Conduct Authority (FCA). IKON Finance is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is IKON Finance a good broker?
IKON Finance is a great agent, and its users can vouch for this. The highlight of this platform is its quick order execution on trades.
You will find the clean design of the platform and the admirable features a pleasure to work with.
Is IKON Finance a trustworthy broker?
Yes, IKON Finance is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for IKON Finance?
The minimum deposit to open a live account with IKON Finance is $200
How long do IKON Finance withdrawals take?
Normally, withdrawal of money from IKON Finance is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from IKON Finance to show in your bank account.
Are IKON Finance regulated?
IKON Finance are regulated by Financial Conduct Authority (FCA)
Is IKON Finance a market leading broker?
IKON Finance is currently among the business leaders. It has over 10,000+ registered customers and over 10 years of experience on its record. They're one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of tools plus resources so you can invest in capital markets.
Is IKON Finance a con?
No, IKON Finance is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that IKON Finance is not a scam.
Can you make money with IKON Finance?
Using IKON Finance, several traders earn a lot of money. However, on average, through consistent trading, you can create between 2% - 10% profit a month.
This can look to be a small number, but over the entire year, this adds to a substantial amount of gains. While IKON Finance provide you all of the tools to earn money, they can't guarantee that you will gain.
Does IKON Finance have fees?
Yes. To begin trading using IKON Finance, you need to deposit $200. Certain commissions while trading also applies. Any processing fees from your bank might need to be incurred by you.
When was IKON Finance founded?
IKON Finance was founded in 2011 in London. IKON Finance is regulated by Financial Conduct Authority (FCA).
How many people use IKON Finance?
IKON Finance is a globally recognised broker with 10,000+ clients.
Where is the IKON Finance head office?
IKON Finance has its head office in London
Does IKON Finance offer negative balance protection?
No. IKON Finance doesn't offer negative balance protection. If your balance is unfavorable, IKON Finance suggests you contact customer services. For this, you can correct any imbalances within your own account.
Does IKON Finance offer guaranteed stop loss?IKON Finance regrettably, doesn't provide guaranteed stop loss. IKON Finance provides an opportunity to its traders to close their trade at their specified price. Aside from this, IKON Finance does not offer guaranteed stop loss.
Does IKON Finance allow scalping?Yes, IKON Finance do permit scalping. Several traders throughout the world select IKON Finance due to their scalping services. They offer trading on MT4, ZuluTrade, Tablet & Mobile apps which allow this.
Does IKON Finance allow hedging?
Yes, IKON Finance does allow hedging.
Can you trade energies with IKON Finance?
Yes, you can trade energy stocks with IKON Finance
Can you trade agricultural shares with IKON Finance?
Yes, you can trade agricultural stocks with IKON Finance
Can you trade cryptocurrency with IKON Finance?
No, unfortunately you cannot trade cryptocurrency with IKON Finance
Can you trade metals with IKON Finance?
Yes, you can trade metals with IKON Finance
Can you trade UK Shares with IKON Finance?
Yes, you can trade UK shares with IKON Finance
Can you trade US Shares with IKON Finance?
Yes, you can trade US shares with IKON Finance
Can you trade Japanese Shares with IKON Finance?
Yes, you can trade Japanese shares with IKON Finance
Can you trade German Shares with IKON Finance?
Yes, you can trade German shares with IKON Finance
Does IKON Finance accept bank transfers?
No, IKON Finance does not accept bank transfers.
Does IKON Finance accept credit cards?
No, IKON Finance does not accept credit cards.
Does IKON Finance accept PayPal?
No, IKON Finance does not accept PayPal.
Does IKON Finance accept Skrill?
No, IKON Finance does not accept Skrill.
Does IKON Finance accept Payoneer?
No, IKON Finance does not accept Payoneer.
Does IKON Finance accept Neteller?
No, IKON Finance does not accept Neteller.
Does IKON Finance offer Live Chat customer support?
No, IKON Finance does not offer customer support through live chat.
Does IKON Finance offer phone customer support?
No, IKON Finance does not offer customer support over the telephone.
Does IKON Finance offer email customer support?
No, IKON Finance does not offer customer support through email.
What languages can IKON Finance communicate in?
IKON Finance has the ability to communicate and support customers who speak:
Does IKON Finance have a wikipedia page?
No, IKON Finance does not have an official wikipedia page.
Does IKON Finance offer demo accounts?
Yes, IKON Finance offers demo accounts so you can learn their systems before risking any real money.