FX Primus
IKON Finance
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Overview
FX Primus was founded in 2009 and is headquartered in Cyprus, while IKON Finance was established in 2011 and is based in London. FX Primus holds licences including Cyprus Securities and Exchange Commission (CySEC), while IKON Finance is regulated by Financial Conduct Authority (FCA) among others. FX Primus serves 10,000+ clients worldwide; IKON Finance has 10,000+. The minimum deposit is $100 at FX Primus and $200 at IKON Finance.
| Feature | FX Primus | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2011 |
| Country | Cyprus | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FX Primus and IKON Finance, directly affecting your bottom line as a trader. FX Primus has a lower barrier to entry with a minimum deposit of $100 (vs $200 at IKON Finance). FX Primus charges withdrawal fees while IKON Finance does not, a notable advantage for frequent withdrawers. IKON Finance applies inactivity fees on dormant accounts; FX Primus does not. FX Primus charges deposit fees; IKON Finance does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | FX Primus | IKON Finance |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
FX Primus offers MT4, MT5, cTrader, while IKON Finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FX Primus supports social and copy trading features, which IKON Finance does not offer. The two brokers are closely matched on platform offering.
| Feature | FX Primus | 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, Mac, Mirror Trader, 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 FX Primus 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 | FX Primus | 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. FX Primus accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while IKON Finance supports 2 (bank transfer, credit/debit card). FX Primus uniquely supports Neteller among the two brokers. FX Primus scores higher on deposit and withdrawal flexibility.
| Feature | FX Primus | IKON Finance |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 FX Primus and IKON Finance offer live chat support. Both provide phone support. Email support is available at both brokers. FX Primus supports 8 languages and IKON Finance supports 2, giving FX Primus broader global reach. Both brokers are comparable on support quality.
| Feature | FX Primus | IKON Finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, and Chinese |