IKON Finance
orbex
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Overview
IKON Finance was founded in 2011 and is headquartered in London, while orbex was established in 2012 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IKON Finance serves 10,000+ clients worldwide; orbex has 10,000+. The minimum deposit is $200 at IKON Finance and $250 at orbex.
| Feature | IKON Finance | orbex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F291 |
| Founded | 2011 | 2012 |
| Country | London | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IKON Finance and orbex, directly affecting your bottom line as a trader. IKON Finance has a lower barrier to entry with a minimum deposit of $200 (vs $250 at orbex). orbex charges withdrawal fees while IKON Finance does not, giving IKON Finance an edge for frequent withdrawers. IKON Finance applies inactivity fees on dormant accounts; orbex does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | IKON Finance | orbex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
IKON Finance offers MT4, MT5, cTrader, while orbex supports 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 | IKON Finance | orbex |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IKON Finance and orbex compare. IKON Finance runs regular live webinars; orbex does not. Both provide video tutorials. IKON Finance publishes daily market commentary; orbex 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 | orbex |
|---|---|---|
| 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 orbex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). orbex uniquely supports PayPal and Skrill and Neteller among the two brokers. orbex scores higher on deposit and withdrawal flexibility.
| Feature | IKON Finance | orbex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 orbex offer live chat support. Both provide phone support. Email support is available at both brokers. IKON Finance supports 2 languages and orbex supports 8, giving orbex broader global reach. Both brokers are comparable on support quality.
| Feature | IKON Finance | orbex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |