CM Trading
IKON Finance
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Overview
CM Trading was founded in 2011 and is headquartered in Seychelles, while IKON Finance was established in 2011 and is based in London. CM Trading holds licences including Financial Sector Conduct Authority (FSCA), while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. CM Trading serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $250 at CM Trading and $200 at IKON Finance.
| Feature | CM Trading | IKON Finance |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Financial Sector Conduct Authority (FSCA) | Financial Conduct Authority (FCA) |
| Founded | 2011 | 2011 |
| Country | Seychelles | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CM Trading and IKON Finance, directly affecting your bottom line as a trader. IKON Finance has a lower barrier to entry with a minimum deposit of $200 (vs $250 at CM Trading). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | CM Trading | IKON Finance |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
CM Trading offers MT4, MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CM Trading supports social and copy trading features, which IKON Finance does not offer. The two brokers are closely matched on platform offering.
| Feature | CM Trading | 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 | MT4, Mirror Trader, Sirix, Web Trader, Tablet & Mobile apps | MT4, ZuluTrade, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CM Trading and IKON Finance compare. IKON Finance runs regular live webinars; CM Trading does not. Both provide video tutorials. IKON Finance publishes daily market commentary; CM Trading 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 | CM Trading | 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. CM Trading 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 | CM Trading | 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 CM Trading 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 | CM Trading | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |