IKON Finance vs City Index, Updated for 2024
IKON Finance Rating
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City Index Rating
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Losses can exceed deposits |
74% of retail investor accounts lose money when trading CFDs with this provider |
IKON Finance vs City Index Guide |
Read our In-Depth IKON Finance vs City Index Review - for 2024
Our IKON Finance vs City Index review has been refreshed to reflect any changes for 2024 by seasoned professionals with considerable financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IKON Finance vs City Index does not apply to all countries as follows:
IKON Finance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
City Index Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IKON Finance vs City Index
All trading platforms has a few ups and downs, and a complete analysis of IKON Finance vs City Index should not be regarded as thorough without having a balanced approach.
Compare IKON Finance and City Index in order to understand just how they compare to one another before you choose to create an account. Conducting a side-by-side comparison helps to place factors into perspective so that you are cognizant of what to expect.
So you are looking for a broker and are choosing between IKON Finance or City Index. Which one is best in 2024?
Our IKON Finance vs City Index comparison contains the latest information so you can easily compare City Index against IKON Finance.
If you're a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all the concepts of broker since you keep trading. For starters, you need to select the right broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IKON Finance and City Index are just two such platforms which will take you along with your investment to great heights. It's crucial to compare IKON Finance vs City Index until you trust them with your cash.
Our IKON Finance vs City Index comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IKON Finance and City Index side by side.
Our entire IKON Finance vs City Index Review covers everything you need to learn about trading with either IKON Finance or City Index. A fantastic broker can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you choose them. It is a common misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
IKON Finance and City Index are both brokers which have found their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both IKON Finance and City Index. This review will help you to understand whether either City Index or IKON Finance is a good fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of IKON Finance and City Index Compared
IKON Finance has a minimum deposit of $200 while City Index offers a $25 minimum deposit.
Why smaller minimum deposits are good and how IKON Finance and City Index compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IKON Finance allows you to trade around 100 financial instruments while City Index allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the IKON Finance and City Index platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IKON Finance or City Index.
IKON Finance and City Index Contact Details
Being able to contact your broker through many ways is vital. IKON Finance and City Index have the following contact details and social medias that you can use.
Broker | IKON Finance | City Index |
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Telephone Number | +44 20 7107 7020 | |
support@cityindex.co.uk | ||
Address | Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP | |
IKON Finance Twitter Account | City Index Twitter Account | |
IKON Finance Facebook Page | City Index Facebook Page | |
IKON Finance Instagram Account | City Index Instagram Account | |
IKON Finance LinkedIn Page | City Index LinkedIn Page | |
YouTube | IKON Finance YouTube Channel | City Index YouTube Channel |
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City Index and IKON Finance Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing IKON Finance and City Index will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IKON Finance vs City Index - Awards
IKON Finance vs City Index - Frequently Asked Questions
IKON Finance vs City Index - Headquarters And Year Of Founding
IKON Finance was founded in 2011 and has its headquaters in London.
City Index was founded in 1983 and has its headquaters in UK.
What is the minimum deposit for City Index or IKON Finance
The minimum deposit for IKON Finance is $200.
The minimum deposit for City Index is $25.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IKON Finance and City Index are a good option.
IKON Finance vs City Index - Regulation And Licencing In More Detail
IKON Finance is regulated by Financial Conduct Authority (FCA).
City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Both IKON Finance and City Index have a strong collection of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IKON Finance vs City Index Commission And Fees
IKON Finance and City Index are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IKON Finance or City Index charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by IKON Finance and City Index are comparatively competitive. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This IKON Finance vs City Index review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IKON Finance And City Index
What Languages Do IKON Finance And City Index Support?
Being able to chat completely with your online broker is a key part of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both IKON Finance and City Index support.
How Many Clients Do IKON Finance and City Index Have?
Both IKON Finance and City Index are well established with their client base. It is really important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users IKON Finance and City Index are active on their platform
Broker | IKON Finance | City Index |
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Clients / Users | 10,000+ | 14,000+ |
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What Payment Methods Do IKON Finance and City Index Accept?
IKON Finance and City Index both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IKON Finance and City Index
What Can You Trade With IKON Finance and City Index?
IKON Finance offers 100 trading instruments while City Index offers 12,500.
Below you will find a full breakdown of what both IKON Finance and City Index offer.
IKON Finance Review
IKON Finance vs City Index:
Table Of Contents
- Compare IKON Finance vs City Index
- Benefits of IKON Finance and City Index Compared
- City Index and IKON Finance Mobile App Comparison
- IKON Finance vs City Index - Awards
- IKON Finance vs City Index - Frequently Asked Questions
- What is the minimum deposit for City Index or IKON Finance
- IKON Finance vs City Index - Regulation And Licencing In More Detail
- Compare Broker Fees For IKON Finance And City Index
- What Languages Do IKON Finance And City Index Support?
- How Many Clients Do IKON Finance and City Index Have?
- What Payment Methods Do IKON Finance and City Index Accept?
- What Can You Trade With IKON Finance and City Index?