IKON Finance vs XTB, 2024 Update
Read our In-Depth IKON Finance vs XTB Review - for 2024
Our comprehensive analysis of IKON Finance and XTB has been revised to reflect any changes for 2024 by industry experts with extensive expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IKON Finance vs XTB 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.
XTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IKON Finance vs XTB
All platforms for online trading will have a few ups and downs, and any comprehensive IKON Finance and XTB review would not be complete without adopting an objective perspective.
Compare XTB and IKON Finance to get a better understanding of how they compare against one another before you decide to make an account. A comprehensive comparison helps to put things in perspective to ensure that you remain cognizant of what to expect.
So you are looking for a reputable broker and are choosing between IKON Finance or XTB. Who should you choose?
Our IKON Finance vs XTB comparison contains the most recent information so you can easily compare XTB 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 area of trading demands expert analyzing skills and thorough understanding. You will get proficient at all of the concepts of brokerage as you continue trading. For starters, you have to choose the ideal agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IKON Finance and XTB are just two such companies that will take you along with your investment to great heights. It's important that you compare IKON Finance vs XTB until you trust them with your cash.
Our IKON Finance vs XTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IKON Finance and XTB side by side.
Our full IKON Finance vs XTB Review covers everything you will need to learn about trading with either IKON Finance or XTB. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
IKON Finance and XTB are both brokers that have forged their way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both IKON Finance and XTB. This review will allow you to know whether either XTB or IKON Finance is a good fit for your own investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of IKON Finance and XTB Compared
IKON Finance offers a minimum deposit of $200 while XTB offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IKON Finance and XTB 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 whilst XTB has around 100 financial instruments on their platform.
The more financial instruments you can trade on the IKON Finance and XTB trading 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 XTB.
IKON Finance and XTB Contact Details
Being able to contact an online trading platform easily is vital. IKON Finance and XTB have the following contact details and social medias that you can use.
Broker | IKON Finance | XTB |
---|---|---|
Telephone Number | 020 3695 3085 | |
uksales@xtb.com | ||
Address | Level 9, One Canada Square, Canary Wharf, E14 5AA | |
IKON Finance Twitter Account | XTB Twitter Account | |
IKON Finance Facebook Page | XTB Facebook Page | |
IKON Finance Instagram Account | XTB Instagram Account | |
IKON Finance LinkedIn Page | XTB LinkedIn Page | |
YouTube | IKON Finance YouTube Channel | XTB YouTube Channel |
Find Out More |
|
|
XTB and IKON Finance Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IKON Finance and XTB we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 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 XTB - Awards
Broker | IKON Finance | XTB |
---|---|---|
Awards | At the time of writing this IKON Finance review, and despite IKON Finance’s impressive offering, the company has surprisingly not garnered any awards to date. |
XTB have won many industry awards over the years they have been running as an online broker. We list the most notable awards for XTB here.
|
Find Out More |
|
|
IKON Finance vs XTB - Frequently Asked Questions
IKON Finance vs XTB - Headquarters And Year Of Founding
IKON Finance was founded in 2011 and has its headquaters in London.
XTB was founded in 2002 and has its head office in Poland.
What is the minimum deposit for XTB or IKON Finance
The minimum deposit for IKON Finance is $200.
The minimum deposit for XTB is $0.
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 XTB are a good choice.
IKON Finance vs XTB - Regulation And Licencing In More Detail
IKON Finance is regulated by Financial Conduct Authority (FCA).
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
Both IKON Finance and XTB have a powerful collection of rules for ensuring fair trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IKON Finance vs XTB Commission And Fees
IKON Finance and XTB are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IKON Finance or XTB charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees billed by IKON Finance and XTB are relatively lower. As a result, you are billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This IKON Finance vs XTB review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IKON Finance And XTB
What Languages Do IKON Finance And XTB Support?
Being able to communicate easily with your online platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading forex.
Here you will find all the languages that both IKON Finance and XTB support.
How Many Clients Do IKON Finance and XTB Have?
Both IKON Finance and XTB are well established with their customer base. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IKON Finance and XTB are active on their platform
What Payment Methods Do IKON Finance and XTB Accept?
IKON Finance and XTB 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 XTB
What Can You Trade With IKON Finance and XTB?
IKON Finance offers 100 trading instruments while XTB offers 1,500.
Below you will find a full breakdown of what both IKON Finance and XTB offer.
IKON Finance Review
IKON Finance vs XTB:
Table Of Contents
- Compare IKON Finance vs XTB
- Benefits of IKON Finance and XTB Compared
- XTB and IKON Finance Mobile App Comparison
- IKON Finance vs XTB - Awards
- IKON Finance vs XTB - Frequently Asked Questions
- What is the minimum deposit for XTB or IKON Finance
- IKON Finance vs XTB - Regulation And Licencing In More Detail
- Compare Broker Fees For IKON Finance And XTB
- What Languages Do IKON Finance And XTB Support?
- How Many Clients Do IKON Finance and XTB Have?
- What Payment Methods Do IKON Finance and XTB Accept?
- What Can You Trade With IKON Finance and XTB?