Overall, Ikon Finance is a reliable FCA regulated company based in the UK, which offers different portfolio and allows various type investors or traders engage in trading across the range of multiple markets and platforms. Broker’s delivered trading conditions along with the STP execution model performs advanced feature trading that is suited to the traders of different styles and strategies. The beginning traders can also enjoy the educational materials and the provided support, while seasoned clients will find powerful trading tools to enhance their trading capabilities. Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They’re billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
Trading Instruments
Along with that rule, which enables security and money protection, every Ikon Finance client is covered by the Investor Compensation Fund in the unlikely event. Of course in parallel, there is a very attractive offering to the retail clients too through its subsidiary Ikon Finance Limited operating in line with changing regulatory guidelines. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply. Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
IKON Finance Review: Table Of Contents
- A professional, direct investment partner could aid you in minimising any losses and maximising any profits.
- In either case IFL may, instead of returning a cash balance to a client but only where a client so instructs, transfer the balance to another firm that is authorised and regulated by the Authority.
- Please note that due to regulations, the content in this review of IKON Finance does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
- The broker has a professional group of the experts involved from world leading investment banks for the purpose of company competitiveness maintenance.
- The process to start trading with IKON Finance is super simple.
- When engaging in online trading with platforms such as IKON Finance, it’s crucial to thoroughly evaluate IKON Finance as your broker, as this choice can significantly impact your success.
IKON Finance is a globally recognised agent with 10,000+ customers. This may seem to be a little number, but within the entire year, it adds to a substantial amount of gains. Even though IKON Finance provide you all of the tools to make money, they can’t guarantee you will gain. However, due to regulations IKON Finance does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
How long do IKON Finance withdrawals take?
Yes, trading via IKON Finance is a pleasant and good experience indeed. It’s an excellent and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise. IKON Finance shows on its official website that you are able to exchange real time stocks with your demo account. In case you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you’re opting to withdraw in.
- Ikon Finance Limited is authorized and regulated by the Financial Conduct Authority since the company is based in London, UK and according to the law requires a full licensing from FCA to operate legally.
- 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.
- These bodies have rules that ensure that trading platforms have measures in place to maintain investor’s assets secured.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. This IKON Finance review page contains information about investing with IKON Finance.
Can you trade metals with IKON Finance?
(e) On or before 15 March 2017, IFL must send (which may include email) the letter at Annex A to all clients with open positions or funded accounts remaining as at close of business on 14 March 2017. Interestingly, IKON’s FCA license has not been formally suspended. The regulator has just imposed the restrictions on opening any new client accounts, or doing any trades for clients other than closing trades, until the aforementioned issues are resolved. The broker has a professional group of the experts involved from world leading investment banks for the purpose of company competitiveness maintenance. At the expense of it, high-quality servicing and provision of the qualified help of specialists of the company are provided to all clients. A VREQ is typically a step which brokers take when making changes to their operations.
When engaging in online trading with platforms such as IKON Finance, it’s crucial to thoroughly evaluate IKON Finance as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your IKON Finance investments to flourish. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. In the fast-paced world of stock markets and online trading, you will need advice to make proper decisions.
Trading Conditions
IKON Finance safeguards its clients’ private and sensitive information under SSL encryption. As you already know, IKON Finance operates with good conformation to regulations. It’s established plenty of measures to guard all of its own investors.
Can you trade Japanese Shares with IKON Finance?
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many circumstances and should be revealed clearly by the agent beforehand. Every online trading platform has a few pros and cons IKON Finance review would be complete without showing both sides. This IKON Finance review covers both the pros and cons you need to know before you make an account. A comparative analysis can put ikon finance things into perspective so that you are aware of what to expect.
Together with everything, IKON Finance has multiple benefits to new and verteran traders and should be investigated. There’s absolutely no minimum time on which a transaction must be kept available. The brokers provide premium client service that rewards customers with advantages.