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Ikon Group vs MTrading
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Ikon Group currently holds a lower overall rating (4) compared to MTrading (4.4).
Ikon Group has a higher minimum deposit than MTrading, at 150.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Ikon Group has a maximum lot size of 100.0, while MTrading offers 200.0.
Ikon Group offers a lower maximum leverage of 1:500, whereas MTrading allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 150.0 | 100.0 |
| Commission | 0.0 | 4.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 200.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | STP, ECN, NDD |
| Maximal leverage (1:?) | 500 | 1000 |
| Availability | STP, ECN | STP, ECN, NDD |
| Regulation | FCA (UK), DMCC (Dubai), ASIC (Australia) | - |
| Trading Platforms | MetaTrader 4 (MT4), Mobile Platform | MetaTrader 4 (MT4), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Neteller, UnionPay, Skrill | Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Local Deposits, Qiwi |
| Account Currency | USD, GBP, EUR, JPY, HKD | USD, EUR, NGN |
| Languages | English, Spanish, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Indonesian, Malay | English, Spanish, Russian, Indonesian, Thai, Vietnamese, Tamil, Hindi |
| Country | Australia | Saint Vincent and the Grenadines |
| Trading platform(s) timezone | United Arab Emirates, Australia, China, Kuwait, Malaysia, New Zealand, Philippines, Turkey, United Kingdom, United States | Ghana, Indonesia, Nigeria, Russia, South Africa, Thailand, Vietnam |
| Other trading instruments | Options, Futures, Indices, Commodities, Energies, Shares, CFDs | Stocks, Indices, Commodities, Energies, Shares, Spread Betting, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
