IKON Finance
VPE Bank
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Overview
IKON Finance was founded in 2011 and is headquartered in London, while VPE Bank was established in 2008 and is based in Germany. IKON Finance holds licences including Financial Conduct Authority (FCA), while VPE Bank is regulated by The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) among others. IKON Finance serves 10,000+ clients worldwide; VPE Bank has 10,000+. The minimum deposit is $200 at IKON Finance and $5000 at VPE Bank.
| Feature | IKON Finance | VPE Bank |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Regulation | Financial Conduct Authority (FCA) | The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2011 | 2008 |
| Country | London | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IKON Finance and VPE Bank, directly affecting your bottom line as a trader. IKON Finance has a lower barrier to entry with a minimum deposit of $200 (vs $5000 at VPE Bank). VPE Bank 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. VPE Bank charges deposit fees; IKON Finance does not. Overall, IKON Finance scores higher on fees in our assessment.
| Feature | IKON Finance | VPE Bank |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
IKON Finance offers MT4, MT5, cTrader, while VPE Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. VPE Bank supports social and copy trading features, which IKON Finance does not offer. The two brokers are closely matched on platform offering.
| Feature | IKON Finance | VPE Bank |
|---|---|---|
| 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IKON Finance and VPE Bank 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 | VPE Bank |
|---|---|---|
| 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 VPE Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | IKON Finance | VPE Bank |
|---|---|---|
| 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 VPE Bank 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 | VPE Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |