Do you want to trade on IKON CFD Reviews? Here is why this broker Ikoncfd.com is not genuine! See reviews to find all about it.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Table of Contents
About IKON CFD
IKON CFD otherwise known as Ikoncfd.com is an offshore brokerage claiming to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. It also presents a zero spread difference in Buy/Sell.
Is Ikoncfd.com a Scam Forex Broker?
First of, Ikoncfd.com claims its website is based in Australia and also adds that it’s authorized and regulated by multiple regulators around the globe without actually mentioning who they are.
The broker claims regulation by ASIC and IFSC of Belize. Checking the registers of these authorities, we found no data about this firm in their registers.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from Italy – CONSOB has blacklisted the broker for public to see.
Furthermore, IKON CFD does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
These are drawbacks for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
IKON CFD Deposit
IKON CFD does not specify its minimum deposit for traders.
Considering safety and regulation, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
IKON CFD claims to accept bank transfer, credit cards and crypto payments. The processing time on the other hand varies from instant/1 hour to up to 24 hours.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
IKON CFD Trading Software
IKON CFD claims to offer the well-established MetaTrader 4. After we registered, we were granted access to a simple Web Trader containing just a small range of tools and indicators.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Trading With An Unlicensed and Unregulated Broker ( Ikoncfd.com)
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Ikoncfd.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
IKON CFD located at Ikoncfd.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed forex broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the post helpful? Please share with us your experience in the comment section below. Thank you!