EverFX
IKON Finance
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while IKON Finance was established in 2011 and is based in London. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. EverFX serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $10000 at EverFX and $200 at IKON Finance.
| Feature | EverFX | IKON Finance |
|---|---|---|
| Min. Deposit | $10000 | $200 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2011 |
| Country | Cayman Islands | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EverFX and IKON Finance, directly affecting your bottom line as a trader. EverFX has a lower barrier to entry with a minimum deposit of $10000 (vs $200 at IKON Finance). Neither broker charges withdrawal fees. IKON Finance applies inactivity fees on dormant accounts; EverFX does not. EverFX charges deposit fees; IKON Finance does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | EverFX | IKON Finance |
|---|---|---|
| Min. Deposit | $10000 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
EverFX offers MT4, MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. EverFX supports social and copy trading features, which IKON Finance does not offer. The two brokers are closely matched on platform offering.
| Feature | EverFX | 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,iOS,MacBook,iPhone | MT4, ZuluTrade, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and IKON Finance compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. IKON Finance scores higher overall in education and research.
| Feature | EverFX | IKON Finance |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EverFX 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 | EverFX | 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 EverFX 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 | EverFX | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |