IKON Finance
profiforex corp
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Overview
IKON Finance was founded in 2011 and is headquartered in London, while profiforex corp was established in 2018 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IKON Finance serves 10,000+ clients worldwide; profiforex corp has 30,000+. The minimum deposit is $200 at IKON Finance and $250 at profiforex corp.
| Feature | IKON Finance | profiforex corp |
|---|---|---|
| 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-F297 |
| Founded | 2011 | 2018 |
| Country | London | Cyprus |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between IKON Finance and profiforex corp, 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 profiforex corp). Neither broker charges withdrawal fees. IKON Finance applies inactivity fees on dormant accounts; profiforex corp does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | IKON Finance | profiforex corp |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
IKON Finance offers MT4, MT5, cTrader, while profiforex corp 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 | profiforex corp |
|---|---|---|
| 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 profiforex corp 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 | IKON Finance | profiforex corp |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). profiforex corp uniquely supports PayPal and Skrill and Neteller among the two brokers. profiforex corp scores higher on deposit and withdrawal flexibility.
| Feature | IKON Finance | profiforex corp |
|---|---|---|
| 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 profiforex corp offer live chat support. Both provide phone support. Email support is available at both brokers. IKON Finance supports 2 languages and profiforex corp supports 8, giving profiforex corp broader global reach. Both brokers are comparable on support quality.
| Feature | IKON Finance | profiforex corp |
|---|---|---|
| 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 |