Fortrade
IKON Finance
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while IKON Finance was established in 2011 and is based in London. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $1 at Fortrade and $200 at IKON Finance.
| Feature | Fortrade | IKON Finance |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | Financial Conduct Authority (FCA) |
| Founded | 1992 | 2011 |
| Country | UK | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and IKON Finance, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $200 at IKON Finance). Neither broker charges withdrawal fees. IKON Finance applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; IKON Finance does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | IKON Finance |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Fortrade | 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, Binary, 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 Fortrade and IKON Finance compare. IKON Finance runs regular live webinars; Fortrade does not. IKON Finance has a video library; Fortrade does not. IKON Finance publishes daily market commentary; Fortrade does not. IKON Finance integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. IKON Finance maintains an archive of past webinars for on-demand viewing. IKON Finance scores higher overall in education and research.
| Feature | Fortrade | 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. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while IKON Finance supports 2 (bank transfer, credit/debit card). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | IKON Finance |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and IKON Finance offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and IKON Finance supports 2, giving IKON Finance broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |