These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.

On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than a day. If you feel that IKON Finance is not right for you then at the bottom of this IKON Finance review you will find a lot of alternatives to IKON Finance. After launching in 2011, their consumer base has increased to 10,000+ clients.

Broker Content

Under the conditions, the license of the broker is not suspended, but the firm has to stop processing orders and close open positions subject to certain conditions. Every account type delivers a tailored solution to the traders either one who prefers lower costs, a specific strategy, platform or the necessity to trade through spread only either on a commission basis. Furthermore, Ikon Finance continuously monitors its operations and provide comprehensive security for all online transactions or manipulations through the range of the provided platforms. If there’s absolutely no free margin left with the customer, IKON Finance will stop your own positions. If the losses in the stopped out location exceeds your account balance, you may experience a negative account balance. If your balance is unfavorable, IKON Finance suggests you promptly contact client services.

IKON Finance Customer Support

• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• In accordance with the organization’s privacy regulations, client data is to not be shared with any other institutions or individuals.
• 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.
• This is highly disadvantageous for consumers on those platforms.
• The broker goes to great lengths to understand what traders want.

The marginal trading as a known Forex attractive opportunity allows retail traders to operate through a multiplied amount of the initial deposit and operate larger positions. This tool gives a great advantage as it increases your potential gains, however, you should learn how to use leverage smartly and obtain a good knowledge of its risks to lose as well. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice.

IKON Finance Awards

You will discover the clean layout of the platform and the commendable features that are pleasant to work with. IKON Finance is a legit company headquarted in London since 2011. 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.

• Payoneer’s customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
• But, make certain you know how to make the most of your cash before investing in larger amounts.
• If you would like to exchange with IKON Finance, you will need a minimum deposit of $200.
• You can draw sums up to the amount of your account balance, keeping aside the margin used.

Can you trade agricultural shares with IKON Finance?

The highlight of this platform is its quick order execution on trades. If you remain skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself. Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes about 4-7 days. We sent messages through the IKON Finance livechat via their website and app and got a reply within 20 seconds.

SSL encryption simplifies each user’s private information also. Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance.

The more lots traded by the user, the greater benefits will become available. IKON Finance is a foreign exchange broker headquartered in London and provides a range of instruments for trading. Since its inception in 2011 they have emerged as a leading player in the field of online trading. IKON Finance has an extremely aggressive and full-featured trading website that’s focused on forex, indices, metals, shares, commodities. Our team has strived to simplify the intricate world of trading with IKON Finance into easily understandable information in this IKON Finance review. Our goal is to equip you with the knowledge necessary to confidently use IKON Finance trading tools, ranging from depositing and withdrawing funds to executing trades.

IKON Finance is regulated by Financial Conduct Authority (FCA). These bodies have rules that ensure that trading platforms have measures in place to maintain investor’s assets secured. This means that IKON Finance users do not need to be worried about their money as it’s segregated and safely stored in established banks.

Does IKON Finance allow scalping?

It’s to establish a feeling of safety and confidence in you until you decide to spend your own money. IKON Finance charges an inactivity fee if you don’t create any trades for a while. Download the IKON Finance MetaTrader 4 Program free of charge from Apple’s App Store. IKON Finance customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. IKON Finance, as a company, has a powerful collection of rules for ensuring fair trading onto its own platform.

The kinds of trading charges and the rates vary from broker to broker. But this doesn’t necessarily mean that online brokers don’t charge any fees. They charge fees of varying rates for various services to make money. The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.

We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. IKON Finance are a professional brokerage that has been trading for over 14 years. They offer a large range of options in their customer accounts. Another concern with fiscal brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is much more prevalent in the example of Market Maker brokers who compete with users on the stage.

It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but IKON Finance are normally pretty quick with this. The IKON Finance phone support team was able to successfuly answer our queries and problems over the ikon finance phone. We tested the multi-lingual IKON Finance team by making calls in various languages.