AB Forex
IKON Finance
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while IKON Finance was established in 2011 and is based in London. AB Forex holds licences including Unregulated, while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $100 at AB Forex and $200 at IKON Finance.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2003 | 2011 |
| Country | STOCKHOLM | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and IKON Finance, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $200 at IKON Finance). AB Forex charges withdrawal fees while IKON Finance does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; IKON Finance does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
IKON Finance edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, ZuluTrade, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and IKON Finance compare. IKON Finance runs regular live webinars; AB Forex does not. IKON Finance has a video library; AB Forex does not. IKON Finance publishes daily market commentary; AB Forex does not. IKON Finance integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. IKON Finance maintains an archive of past webinars for on-demand viewing. IKON Finance scores higher overall in education and research.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IKON Finance uniquely supports bank transfer and credit/debit card among the two brokers. IKON Finance scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. IKON Finance offers live chat; AB Forex does not, making IKON Finance easier to reach in real time. IKON Finance offers phone support; AB Forex does not. IKON Finance offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. IKON Finance scores higher overall on customer support in our assessment.
| Feature | AB Forex | IKON Finance |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |