Forex EE
IKON Finance
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while IKON Finance was established in 2011 and is based in London. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. Forex EE serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $100 at Forex EE and $200 at IKON Finance.
| Feature | Forex EE | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Ministry of Economic Affairs in Estonia | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2011 |
| Country | Grenadines | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and IKON Finance, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $200 at IKON Finance). Forex EE charges withdrawal fees while IKON Finance does not, a notable advantage for frequent withdrawers. IKON Finance applies inactivity fees on dormant accounts; Forex EE does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex EE | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IKON Finance edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | IKON Finance |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4, ZuluTrade, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and IKON Finance compare. IKON Finance runs regular live webinars; Forex EE does not. Both provide video tutorials. IKON Finance publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE 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 | Forex EE | 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 Forex EE 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 | Forex EE | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |