IconTrade

IconTrade holds an unverified license from the Financial Sector Conduct Authority (FSCA) of South Africa, which does not constitute a valid forex trading authorization. WikiFX data gives the broker a core score of 1.47 out of 10, indicating a severe lack of regulatory oversight and risk control. Additionally, user reports indicate the broker's website is no longer accessible, raising serious concerns about operational continuity. Traders should exercise extreme caution when considering any engagement with this entity.

IconTrade claims to be licensed under the Financial Sector Conduct Authority (FSCA) of South Africa with license number 49213. However, according to WikiFX data, this license status is marked as 'Unverified,' meaning it does not represent a valid authorization to offer forex trading services. The broker operates without credible regulatory oversight from any major financial authority.

IconTrade offers a BASIC account with a minimum deposit requirement of $250. Higher-tier accounts—GOLD, PLATINIUM, and PRO—require significantly larger deposits of $25,000, $100,000, and $250,000 respectively.

Information regarding the specific trading platforms (MT4 or MT5) is not publicly disclosed by IconTrade. The broker's account features allow Expert Advisors (EAs), scalping, and hedging, which are commonly associated with MetaTrader platforms, but no official confirmation is available.