IKON Finance
phillip capital limited
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Overview
IKON Finance was founded in 2011 and is headquartered in London, while phillip capital limited was established in 2016 and is based in Bulgaria. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IKON Finance serves 10,000+ clients worldwide; phillip capital limited has 10,000+. The minimum deposit is $200 at IKON Finance and $250 at phillip capital limited.
| Feature | IKON Finance | phillip capital limited |
|---|---|---|
| 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-F295 |
| Founded | 2011 | 2016 |
| Country | London | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IKON Finance and phillip capital limited, 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 phillip capital limited). phillip capital limited charges withdrawal fees while IKON Finance does not, giving IKON Finance an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | IKON Finance | phillip capital limited |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
IKON Finance offers MT4, MT5, cTrader, while phillip capital limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | IKON Finance | phillip capital limited |
|---|---|---|
| MT4 | Yes | Yes |
| 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 phillip capital limited compare. IKON Finance runs regular live webinars; phillip capital limited does not. Both provide video tutorials. IKON Finance publishes daily market commentary; phillip capital limited 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 | phillip capital limited |
|---|---|---|
| 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 phillip capital limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). phillip capital limited uniquely supports PayPal and Skrill and Neteller among the two brokers. phillip capital limited scores higher on deposit and withdrawal flexibility.
| Feature | IKON Finance | phillip capital limited |
|---|---|---|
| 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 phillip capital limited offer live chat support. Both provide phone support. Email support is available at both brokers. IKON Finance supports 2 languages and phillip capital limited supports 8, giving phillip capital limited broader global reach. Both brokers are comparable on support quality.
| Feature | IKON Finance | phillip capital limited |
|---|---|---|
| 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 |