ThinkMarkets vs IKON Finance, Who's The Best?
ThinkMarkets Rating: 8.03 / 10
IKON Finance Rating: 6.43 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Losses can exceed deposits
ThinkMarkets vs IKON Finance Guide
Read our In-Depth ThinkMarkets vs IKON Finance Review - for 2022
This ThinkMarkets vs IKON Finance review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs IKON Finance review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
IKON Finance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for an online trading platform and are choosing between ThinkMarkets or IKON Finance. Which one is best in 2022?
This ThinkMarkets vs IKON Finance review contains the most recent information so you can easily compare IKON Finance against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all of the concepts of brokerage since you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to create hefty returns. ThinkMarkets and IKON Finance are two such companies which will take you along with your investment to great heights. It's important to compare ThinkMarkets vs IKON Finance until you trust them with your cash.
Our ThinkMarkets vs IKON Finance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and IKON Finance side by side.
Our entire ThinkMarkets vs IKON Finance Review covers everything you will need to know about trading with either ThinkMarkets or IKON Finance. A good broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It is a common misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
ThinkMarkets and IKON Finance are both brokers that have found their way successfully to the broker world. Within this review, we have attempted to collate a number of the vital facets of both ThinkMarkets and IKON Finance. This review can help you to know whether either IKON Finance or ThinkMarkets is a fantastic fit for your own investments or not. We have tried to breakdown all the features and fees for your convenience.
Compare ThinkMarkets vs IKON Finance
Every online trading platform will have some pros and cons, and no ThinkMarkets and IKON Finance review would be complete without showing both sides. Compare ThinkMarkets and IKON Finance to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and IKON Finance Compared
ThinkMarkets has a minimum deposit of $0 while IKON Finance offers a $200 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and IKON Finance 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.
ThinkMarkets allows you to trade around 1500 financial instruments whilst IKON Finance has around 1500 on their platform.
The more instruments you can trade on the ThinkMarkets and IKON Finance 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 ThinkMarkets or IKON Finance.
ThinkMarkets and IKON Finance Contact Details
Being able to contact a broker easily is a sign of a professional broker. ThinkMarkets and IKON Finance have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom|
|ThinkMarkets Twitter Account||IKON Finance Twitter Account|
|ThinkMarkets Facebook Page||IKON Finance Facebook Page|
|ThinkMarkets Instagram Account||IKON Finance Instagram Account|
|ThinkMarkets LinkedIn Page||IKON Finance LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||IKON Finance YouTube Channel|
|Find Out More||
IKON Finance and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing ThinkMarkets and IKON Finance 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 important that any trading app has user friendly capabilities especially with the
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?
ThinkMarkets vs IKON Finance - Awards
ThinkMarkets have won several industry awards over the time they have been operating as an online trading platform. We show the most recognised awards for ThinkMarkets here.
|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.|
|Find Out More||
ThinkMarkets vs IKON Finance - Frequently Asked Questions
ThinkMarkets vs IKON Finance - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
IKON Finance was founded in 2011 and has its head office in London.
What is the minimum deposit for IKON Finance or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for IKON Finance is $200.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and IKON Finance are a good choice.
ThinkMarkets vs IKON Finance - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
IKON Finance is regulated by Financial Conduct Authority (FCA).
Both ThinkMarkets and IKON Finance have a powerful collection of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs IKON Finance Commission And Fees
ThinkMarkets and IKON Finance are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are those who are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither ThinkMarkets or IKON Finance charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees billed by ThinkMarkets and IKON Finance are comparatively lower. Consequently, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This ThinkMarkets vs IKON Finance review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And IKON Finance
What Languages Do ThinkMarkets And IKON Finance Support?
Being able to communicate easily with your trading broker is a key way of comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find the languages that both ThinkMarkets and IKON Finance support.
How Many Clients Do ThinkMarkets and IKON Finance Have?
Both ThinkMarkets and IKON Finance are well known and trusted. It is really important to work with an online 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 clients ThinkMarkets and IKON Finance are working with
|Clients / Users||475,000+||10,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and IKON Finance Accept?
ThinkMarkets and IKON Finance 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 ThinkMarkets and IKON Finance
What Can You Trade With ThinkMarkets and IKON Finance?
ThinkMarkets offers 1500 trading instruments and IKON Finance offers 100.
Below you will find a full breakdown of what both ThinkMarkets and IKON Finance offer.
Compare ThinkMarkets To All Other Brokers
Compare IKON Finance To All Other Brokers
ThinkMarkets vs IKON Finance:
Table Of Contents
- Compare ThinkMarkets vs IKON Finance
- Benefits of ThinkMarkets and IKON Finance Compared
- IKON Finance and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs IKON Finance - Awards
- ThinkMarkets vs IKON Finance - Frequently Asked Questions
- What is the minimum deposit for IKON Finance or ThinkMarkets
- ThinkMarkets vs IKON Finance - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And IKON Finance
- What Languages Do ThinkMarkets And IKON Finance Support?
- How Many Clients Do ThinkMarkets and IKON Finance Have?
- What Payment Methods Do ThinkMarkets and IKON Finance Accept?
- What Can You Trade With ThinkMarkets and IKON Finance?