Company Brief:

Ikon operates within the online trading with access to speculate on the FX and Futures space, while at the beginning of its operation the company delivers an access in New York as a Futures Commission Merchant. The Icon Company is based in the UK, which was one of the firms to offers online trading solutions available to institutional clients.

The broker develops its strategies and the products offering on a constant basis through market-leading vendors and developed in-house technologies and launches business with years of experience as well as provide liquidity to institutional clients. Of course, there is a developed offering to the retail clients too through Ikon Finance Limited in line with changing regulatory guidelines.

In addition, the new to trading are able to familiarize themselves with critical trading elements that helps to build a strategy and re-test it on a risk-free Demo account along with the education and learning materials from the company. The support remains on hand at all times through various options and services that are available to the client at any time.

Ikon Finance Review

Licenses, Regulations & Security of funds:

Ikon Finance Limited is authorized and regulated by the Financial Conduct Authority since the company is based in the London, UK and according to the law requires a full licensing from FCA to operate legally.

The company fully complies with the FCA regulation, as per one of the strictest guidelines along with the numerous registration across the EEA zone to perform their services. The client’s funds are always segregated, means an account in which the trader’s assets kept are separate from the broker’s assets at all times. That rule enables security and money protection while every client account is under the Investor Compensation Fund, which covers investments in the unlikely event. Furthermore, Ikon Finance continuously monitors its operations and provide comprehensive security for all online transactions or manipulations through the range of the provided platforms.

Trading Platforms & Tools:

The company platform mainstay is the industry leader Meta Trader 4 (MT4) platform that supports the use of Expert Advisors (EAs) and enables users to integrate trade algorithms or signals into the trading platform, execute trades via multiple features including robots or manual trading. Yet, there is an option to use the developed Ikon Prodigy platform that takes account into the countless inputs from a multitude of institutional and retail customers worldwide with advanced trading features and instruments that allows high speed and stability. The MT4 contains more than 50 built-in indicators and tools that not only help predict trends, but also define the appropriate entry and exit points.

Since the development of the own trading algorithm is not for everyone many people choose to follow other signal providers, while currently there are a number of firms who aggregate signal provider data in a consistent manner and make the signal providers available to follow. Ikon supports two signal providers, which are the industry leaders – Zulutrade and FXStat.

Ikon is also supported multiple mobile devices so the trader can stay updated with the convenient market information and manage the trades with no matter of location. A concise summary of the solutions made available for free to all demo and live account users at the Mobile Platform Features Comparison that assists in a choice of the appropriate platform.

Account Types and Trading Costs:

Ikon proposes to open a trading account with different features and deposit requirements along with the trading condition to suit various clients’ needs. A client of the broker is able to choose from four account types that include Ikon Classic MT4 Account, Icon Plus MT4, Prodigy Classic and Ikon Pro Accounts. Every account type delivers a tailored solution to the traders who’s preference goes either to the trading solution, strategy, platform or the necessity to trade through spread either on a commission basis.

The minimum balance maintenance offers Ikon Plus MT4 account with a requirement to deposit 500$, while other higher grade accounts will feature better pricing alike spread from 0.3 pips and range of trading lot requirements depending on the type of account. Moreover, the traders that require a swap-free or Islamic account with specified conditions are able to open the account at Ikon Finance too.

Payment Methods:

The client payments as well as the transactions to and from the trading accounts can be performed in various ways and includes the most efficient and reliable options alike Card Payments, Bank Transfers and usage of the e-platform Skrill. For the transaction costs, there are some additional fees may be applicable and which are always the client responsibility since the company payment provider charges them for their own performance of the transaction. However, the trader should refer to the Broker Ikon Finance in order to recheck if there are any fees that may occur while transacting the funds to or from the trading account.

Conclusion:

The Ikon Finance Review is about FCA regulated company based in the UK, which offers different portfolio and type investors or traders to engage in trading across the range of multiple markets and platforms. The delivered trading conditions along with the STP execution model performs advanced feature trading that is suited to the traders of different styles and strategies. The beginning traders can also enjoy the educational materials and the provided support, while seasoned clients will find powerful trading tools to enhance their trading capabilities. Overall, the trading environment developed by the Ikon Finance is a fairly good one with high leverage offering, suitable spreads strategy and the preferably standard minimum deposit requirements.

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