Alpha Capital Markets
IKON Finance
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Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while IKON Finance was established in 2011 and is based in London. Alpha Capital Markets holds licences including Unregulated, while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. Alpha Capital Markets serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $200 at IKON Finance.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 1999 | 2011 |
| Country | UK | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and IKON Finance, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $200 at IKON Finance). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Alpha Capital Markets scores higher on fees in our assessment.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alpha Capital Markets supports social and copy trading features, which IKON Finance does not offer. The two brokers are closely matched on platform offering.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4, ZuluTrade, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and IKON Finance compare. IKON Finance runs regular live webinars; Alpha Capital Markets does not. Both provide video tutorials. IKON Finance publishes daily market commentary; Alpha Capital Markets does not. Both integrate third-party research tools. IKON Finance maintains an archive of past webinars for on-demand viewing. IKON Finance scores higher overall in education and research.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alpha Capital Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while IKON Finance supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Alpha Capital Markets and IKON Finance offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alpha Capital Markets | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |