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Ikon Finance Detailed Review for Italy and the United Kingdom

Ikon Finance is not currently verified as an operational broker in the UK or Italy. Here is what the Companies House, FCA and CONSOB records show—and why old trading terms should be ignored.
From TheFinanceBase Team8 min to read
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Verdict: Ikon Finance should not currently be treated as a verified, operational broker for either the United Kingdom or Italy. The historic UK company, IKON FINANCE LIMITED (company number 07251305), is listed by Companies House as dormant, has overdue filings and is subject to an active proposal to strike off. Its website does not currently offer a verifiable account-opening process, client login, pricing schedule or current legal documentation.

For Italian readers, a separate operation called Ikon CFD was the subject of CONSOB enforcement action in 2023. That action named the ikon-cfd.com family of domains, not ikonfinance.com. The names should not be treated as proof of common ownership, but the enforcement history is an important warning for anyone contacted by an Ikon-branded trading website or salesperson.

Research position: 8 August 2026.

What is Ikon Finance today?

Ikon Finance is best described as a historical UK FX and CFD brand whose current brokerage operations cannot be verified. Older broker reviews describe MT4 accounts, minimum deposits, leverage and spreads, but the official website no longer confirms those products or provides a functioning retail-broker service.

The current ikonfinance.com website has been observed as either “UNDER CONSTRUCTION” or showing a request-verification page. It does not currently provide a reliable route to:

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  • open a live trading account;
  • complete identity verification;
  • deposit or withdraw funds;
  • download MT4 or another trading platform;
  • check current spreads, commissions or swaps;
  • read current client terms;
  • confirm client-money arrangements; or
  • verify access to the Financial Ombudsman Service or FSCS protection.

That absence matters more than the claims found in old review pages. A broker’s historical products are not evidence that the same terms, entity or regulatory permissions exist now.

UK company and regulatory position

Companies House record

The historic legal entity is:

Item Verified record
Legal name IKON FINANCE LIMITED
Company number 07251305
Incorporated 12 May 2010
Registered office currently shown PO Box 4385, 07251305 – Companies House Default Address, Cardiff, CF14 8LH
SIC code 64999 — Financial intermediation not elsewhere classified
Companies House status Active — Active proposal to strike off
Latest accounts shown Dormant accounts made up to 31 December 2022
Filing position Accounts and confirmation statement overdue

“Active” in a Companies House search does not mean that a company is trading or authorised to provide investments. In this case, the same official record identifies dormant accounts, overdue filings and an active strike-off proposal.

The filing history records a first compulsory strike-off Gazette notice on 10 December 2024. Strike-off action was suspended on 14 January 2025, and the registered office was changed to the Companies House default address on 2 July 2025. The available record does not show newer operating accounts or a current confirmation statement; the last confirmation statement shown was dated 19 February 2024.

You can check the record directly through the Companies House company overview and its filing history.

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What about FCA reference 525113?

The Financial Conduct Authority previously identified Ikon Finance Limited as the genuine firm associated with FRN 525113 in a warning about a separate clone operation. The warning was first published on 25 February 2015 and updated on 21 November 2020.

That historic reference does not prove that Ikon Finance is currently authorised to accept UK clients. Current permission must be checked in the FCA’s live Financial Services Register or through the FCA Firm Checker. The check needs to match the exact legal entity, website, contact details and investment services being offered.

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The FCA’s historic warning gave the following details for the genuine firm at that time:

  • 20–22 Wenlock Road, London, N1 7GU;
  • telephone number +44 20 3384 0750;
  • website ikonfinance.com; and
  • FRN 525113.

Old contact details should not be used to authenticate a present-day caller or website.

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Do not confuse Ikon Finance with Ikon Group

The FCA warning concerned Ikon Group, using ikonfx.com, which the FCA described as a clone of an authorised firm. The warning stated that the clone had no affiliation or relationship with Ikon Finance Limited.

Consequently, a website or salesperson cannot establish authenticity merely by using the word “Ikon”, quoting FRN 525113 or repeating historical London contact details. A genuine match requires all of the following to correspond:

  1. the legal entity shown in the FCA record;
  2. the domain name and telephone details shown by the FCA;
  3. the permissions relevant to the service offered; and
  4. the payment and account-opening information supplied to the customer.

Italy: CONSOB warnings and the Ikon CFD distinction

No current Italian Ikon Finance website, Italian client agreement, Italian-language onboarding process, CONSOB authorisation record or current Italian branch information has been verified in the available official material.

CONSOB did, however, take action against a separate operation called Ikon CFD. In an order dated 3 May 2023 and published in a 8 May communication, CONSOB required internet providers to block access from Italy to:

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  • ikon-cfd.com;
  • my.ikon-cfd.com; and
  • webtrader.ikon-cfd.com.

CONSOB said the websites offered financial services without the required authorisation and ordered the operator to stop violating Article 18 of Italy’s Consolidated Law on Finance.

A later CONSOB resolution dated 14 June 2023 concerned ikoncfd-24.com, my.ikoncfd-24.com and webtrader.ikoncfd-24.com. The resolution described a service offering trading-account registration and orders in financial instruments and noted that it purported to have an Australian registered office.

These measures establish that CONSOB acted against the named Ikon CFD websites. They do not, on the evidence cited here, prove that ikonfinance.com was the same operator. That distinction is important: similar branding is a reason to investigate, not proof of corporate identity.

Historical account types, deposits and trading conditions

A 2017 third-party review described several former products, including:

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  • Ikon Classic MT4;
  • Ikon Plus MT4;
  • Prodigy Classic; and
  • Ikon Pro.

It reported historical minimum deposits from approximately $500 to $1,500, leverage of up to 1:500 and spreads ranging from about 0.3 pips plus commission to 1 pip, depending on the account.

Those figures must not be presented as current terms. Another review updated in 2026 repeats historical details such as MT4, Ikon Prodigy, a $200 minimum deposit and 1:30 leverage while also saying that Ikon Finance is no longer active and that its FCA licence is not confirmed. That contradiction makes the figures unsuitable for a current comparison.

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Trading detail Current position
Account types Not currently verifiable
Minimum deposit Not currently verifiable
Maximum leverage Not currently verifiable
Spreads and commissions Not currently verifiable
Swap rates and margin rules Not currently verifiable
Execution and slippage policy Not currently verifiable
Deposit and withdrawal methods Not currently verifiable
Platform availability Not currently verifiable

There is no current official pricing or account schedule that supports quoting these terms as available to new customers.

Protection and complaints

Do not assume that a historic FCA association provides current UK protection. The FCA advises consumers to confirm that a firm is authorised and has permission for the specific activity involved. Dealing with an unauthorised firm generally means that the customer may not have access to the Financial Ombudsman Service and may not be covered by the Financial Services Compensation Scheme.

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For an Italian customer, the relevant question is whether the exact provider and service can be matched to a current CONSOB-authorised entity or another legally valid European arrangement. A logo, an Italian-language website or a claim that funds are “segregated” is not a substitute for checking the regulator’s record.

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Risk assessment

United Kingdom: high verification risk

The UK position is concerning because the named company is dormant, filings are overdue, a strike-off proposal remains active and the website is not a transparent working brokerage. The old FCA warning is useful historical context, but it is not confirmation of current authorisation.

Italy: very high regulatory and impersonation risk

There is no verified current Italian Ikon Finance service in the material reviewed. In addition, CONSOB has taken action against websites using the Ikon CFD name. Anyone approached by a broker using an Ikon brand should assume that identity and authorisation need to be independently proven before any money or documents are sent.

What to do before sending money

  1. Write down the exact domain, legal name, telephone number and bank-account beneficiary.
  2. Search the FCA Financial Services Register if the provider claims to serve UK customers.
  3. Search CONSOB’s official registers and warnings if the provider is targeting Italy.
  4. Check that the regulator’s legal entity and domain match the details supplied by the salesperson.
  5. Do not rely on an FRN, licence number, logo or screenshot without confirming it on the regulator’s own website.
  6. Do not install remote-access software or allow a salesperson to control your computer.
  7. If you have already paid, contact your bank or card issuer immediately and preserve emails, messages, account statements and wallet addresses.

FAQ

Is Ikon Finance regulated in the UK?

Current UK authorisation to accept new clients is not verified. Ikon Finance Limited was historically associated with FCA FRN 525113 in a clone warning, but the company is now listed by Companies House as dormant with overdue filings and an active proposal to strike off. Check the FCA’s live register rather than relying on historic reviews or the old FRN.

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Is Ikon Finance available in Italy?

No current Italian Ikon Finance service or CONSOB authorisation was verified. CONSOB separately acted against Ikon CFD websites in 2023, including the ikon-cfd.com domain family. That enforcement action should not automatically be treated as proof that ikonfinance.com is the same operation.

What was the old Ikon Finance minimum deposit?

Historical reviews reported different figures, including approximately $500 to $1,500 and, in another later review, $200. These are not current verified terms. The official website does not currently publish a working account schedule.

Did Ikon Finance offer MT4?

Older reviews described MT4 accounts, but current platform availability cannot be verified. Do not download software or fund an account based solely on historical references to MT4.

Can I claim FSCS protection if I use Ikon Finance?

Do not assume so. Protection depends on the firm’s current authorisation, the specific service and the applicable arrangements. The FCA warns that customers dealing with unauthorised firms generally do not receive normal Financial Ombudsman Service or FSCS protection.

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Is Ikon CFD the same company as Ikon Finance?

That has not been established by the cited regulatory records. CONSOB’s 2023 actions named Ikon CFD websites, while the historic UK legal entity is IKON FINANCE LIMITED. Similar names alone do not prove common ownership.

The Bottom Line

Ikon Finance is not presently verifiable as an operational, regulated broker for UK or Italian retail customers. The historic UK company record shows a dormant company with overdue filings and an active strike-off proposal, while the website does not offer the documentation and client functionality expected from a live broker. Historical spreads, leverage, deposits and MT4 references should not be treated as current.

For Italy, CONSOB’s action against the separate Ikon CFD domain family adds a material warning, although it does not by itself prove that ikonfinance.com is the same operator. Do not deposit money or submit identity documents unless the provider can be matched independently to a live FCA or CONSOB record, with the exact legal entity, domain, contact information and permitted activities all corresponding.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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