Score
IconTrade
South Africa|2-5 years| https://www.icontrade.com/Home
Website
Rating Index
Contact
Licenses
Licensed Institution：RIBOVA HOLDING INVESTMENTS (PTY) LTD
License No.：49213
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
South Africa
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskAccount Information
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Website
icontrade.com
Server Location
United States
Website Domain Name
icontrade.com
Server IP
192.119.110.90
Company Summary
Note: IconTrade's official website: https://www.icontrade.com/ is currently inaccessible normally.
| IconTradeReview Summary | |
| Founded | 2006 |
| Registered Country/Region | South Africa |
| Regulation | No regulation |
| Market Instruments | Stocks, indices, forex, commodities |
| Demo Account | / |
| Leverage | Up to 1:200 |
| Spread | Variable |
| Trading Platform | EasyTrader |
| Min Deposit | $250 |
| Customer Support | Tel: +27 100066967 |
| Email: support@icontrade.com | |
IconTrade Information
Founded in 2006, IconTrade is an unregulated broker registered in South Africa, offering trading on stocks, indices, forex and commodities with leverage up to 1:200 and variable spreads via EasyTrader trading platform. The minimum deposit requirement is $250.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Multiple account types | No regulation |
| No commissions | No demo accounts |
| Unclear fee structure | |
| No MT4/MT5 platform | |
| High minimum deposit requirement | |
| Limited payment options |
Is IconTrade Legit?
No. IconTrade claims its registration with FSCA, but there is NO detailed information that can prove that. It is a suspicious clone broker.
What Can I Trade on IconTrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types IconTrade offers:
| Account Type | Min Deposit |
| Basic | $250 |
| Gold | $25 000 |
| Platinum | $100 000 |
| PRO | $250 000 |
Leverage
The broker offers max leverage at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
IconTrade Fees
IconTrade offers variable spreads and no commissions.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| EasyTrader | ✔ | / | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts payments via VISA, Mastercard and Neteller.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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