IKON Finance vs Direct FX, 2024 Update
IKON Finance Rating
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Direct FX Rating
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Losses can exceed deposits |
Losses can exceed deposits |
IKON Finance vs Direct FX Guide |
Read our In-Depth IKON Finance vs Direct FX Review - for 2024
This comprehensive analysis of IKON Finance and Direct FX has been refreshed for 2024 from seasoned professionals boasting significant expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IKON Finance vs Direct FX 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.
Direct FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IKON Finance vs Direct FX
All online trading platforms feature some advantages and disadvantages, so any comprehensive review of IKON Finance and Direct FX would not be complete without embracing an objective perspective.
Assess Direct FX and IKON Finance in order to understand just how they line up against each before you decide to create an account. Conducting a side-by-side comparison helps to place factors in perspective to ensure that you remain cognizant of the expectations.
So you are looking for a reputable broker and are choosing between IKON Finance or Direct FX. Which one is best in 2024?
This IKON Finance vs Direct FX comparison contains the latest information so you can easily compare Direct FX against IKON Finance.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of brokerage since you continue trading. For starters, you need to select the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IKON Finance and Direct FX are two such trading platforms which will take you and your investment into great heights. It is important to compare IKON Finance vs Direct FX until you trust them with your money.
Our IKON Finance vs Direct FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IKON Finance and Direct FX side by side.
Our entire IKON Finance vs Direct FX Review covers everything you will need to know about trading with either IKON Finance or Direct FX. A good broker can multiply your first investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a frequent misconception that all agents are the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
IKON Finance and Direct FX are both brokers which have paved their way successfully to the broker world. Within this review, we've attempted to collate some of the important facets of both IKON Finance and Direct FX. This review can allow you to know whether either Direct FX or IKON Finance is a good match for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Benefits of IKON Finance and Direct FX Compared
IKON Finance has a minimum deposit of $200 while Direct FX offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IKON Finance and Direct FX 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 has around 100 financial instruments whilst Direct FX allows you to trade around 100 financial instruments available.
The more financial instruments you can trade on the IKON Finance and Direct FX 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 seriously do not want to miss out on a trading opportunity due to the limitations of IKON Finance or Direct FX.
IKON Finance and Direct FX Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IKON Finance and Direct FX have the following contact details and social medias that you can use.
Broker | IKON Finance | Direct FX |
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Telephone Number | ||
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IKON Finance Twitter Account | Direct FX Twitter Account | |
IKON Finance Facebook Page | Direct FX Facebook Page | |
IKON Finance Instagram Account | Direct FX Instagram Account | |
IKON Finance LinkedIn Page | Direct FX LinkedIn Page | |
YouTube | IKON Finance YouTube Channel | Direct FX YouTube Channel |
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Direct FX 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.
In this part of our comparison of IKON Finance and Direct FX we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IKON Finance vs Direct FX - Awards
IKON Finance vs Direct FX - Frequently Asked Questions
IKON Finance vs Direct FX - Headquarters And Year Of Founding
IKON Finance was founded in 2011 and has its headquaters in London.
Direct FX was founded in 2006 and has its head office in New Zealand.
What is the minimum deposit for Direct FX or IKON Finance
The minimum deposit for IKON Finance is $200.
The minimum deposit for Direct FX is $1.
Depending on your circumstances, 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 Direct FX are a good option.
IKON Finance vs Direct FX - Regulation And Licencing In More Detail
IKON Finance is regulated by Financial Conduct Authority (FCA).
Direct FX is regulated by Unregulated.
Direct FX is unregulated but IKON Finance has a strong collection of rules for ensuring honest trading on its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their own privacy regulation, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IKON Finance vs Direct FX Commission And Fees
IKON Finance and Direct FX are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IKON Finance or Direct FX charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by IKON Finance and Direct FX are comparatively competitive. As a result, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This IKON Finance vs Direct FX review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IKON Finance And Direct FX
What Languages Do IKON Finance And Direct FX Support?
Being able to chat completely with your online broker is a key part of comparing online brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you can find all the languages that both IKON Finance and Direct FX support.
Broker | IKON Finance | Direct FX |
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Languages Supported | English, and Chinese | English, and Chinese |
Find Out More |
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How Many Clients Do IKON Finance and Direct FX Have?
Both IKON Finance and Direct FX are well established with their client base. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers IKON Finance and Direct FX are active on their platform
Broker | IKON Finance | Direct FX |
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Clients / Users | 10,000+ | 10,000+ |
Find Out More |
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What Payment Methods Do IKON Finance and Direct FX Accept?
IKON Finance and Direct FX 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 Direct FX
Broker | IKON Finance | Direct FX |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
Find Out More |
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What Can You Trade With IKON Finance and Direct FX?
IKON Finance offers 100 trading instruments and Direct FX offers .
Below you will find a full breakdown of what both IKON Finance and Direct FX offer.
IKON Finance Review
IKON Finance vs Direct FX:
Table Of Contents
- Compare IKON Finance vs Direct FX
- Benefits of IKON Finance and Direct FX Compared
- Direct FX and IKON Finance Mobile App Comparison
- IKON Finance vs Direct FX - Awards
- IKON Finance vs Direct FX - Frequently Asked Questions
- What is the minimum deposit for Direct FX or IKON Finance
- IKON Finance vs Direct FX - Regulation And Licencing In More Detail
- Compare Broker Fees For IKON Finance And Direct FX
- What Languages Do IKON Finance And Direct FX Support?
- How Many Clients Do IKON Finance and Direct FX Have?
- What Payment Methods Do IKON Finance and Direct FX Accept?
- What Can You Trade With IKON Finance and Direct FX?