EagleFX
IKON Finance
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while IKON Finance was established in 2011 and is based in London. EagleFX holds licences including Unregulated, while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $10 at EagleFX and $200 at IKON Finance.
| Feature | EagleFX | IKON Finance |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2019 | 2011 |
| Country | Dominica | London |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and IKON Finance, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $200 at IKON Finance). EagleFX 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. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | IKON Finance |
|---|---|---|
| Min. Deposit | $10 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while IKON Finance supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which IKON Finance does not offer. IKON Finance edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | IKON Finance |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, 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 EagleFX and IKON Finance compare. IKON Finance runs regular live webinars; EagleFX does not. IKON Finance has a video library; EagleFX does not. IKON Finance publishes daily market commentary; EagleFX does not. IKON Finance integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. IKON Finance maintains an archive of past webinars for on-demand viewing. IKON Finance scores higher overall in education and research.
| Feature | EagleFX | 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. EagleFX 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 | EagleFX | 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 EagleFX 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 | EagleFX | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |