IKON Finance
Oinvest
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Overview
IKON Finance was founded in 2011 and is headquartered in London, while Oinvest was established in 2019 and is based in South Africa. IKON Finance holds licences including Financial Conduct Authority (FCA), while Oinvest is regulated by Southern African Financial Sector Conduct Authority (FSCA) among others. IKON Finance serves 10,000+ clients worldwide; Oinvest has 10,000+. Both brokers share the same minimum deposit of $200.
| Feature | IKON Finance | Oinvest |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Regulation | Financial Conduct Authority (FCA) | Southern African Financial Sector Conduct Authority (FSCA) |
| Founded | 2011 | 2019 |
| Country | London | South Africa |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IKON Finance and Oinvest, directly affecting your bottom line as a trader. Both require a minimum deposit of $200. Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | IKON Finance | Oinvest |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
IKON Finance offers MT4, MT5, cTrader, while Oinvest supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Oinvest 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 | IKON Finance | Oinvest |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, ZuluTrade, Tablet & Mobile apps | MT4, iOS, MacBook, iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IKON Finance and Oinvest compare. IKON Finance runs regular live webinars; Oinvest does not. Both provide video tutorials. IKON Finance publishes daily market commentary; Oinvest 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 | IKON Finance | Oinvest |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IKON Finance accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Oinvest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | IKON Finance | Oinvest |
|---|---|---|
| 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 IKON Finance and Oinvest 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 | IKON Finance | Oinvest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |