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IconTrade
South Africa|2-5 years| https://www.icontrade.com/Home
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Single Core
1G
40G
Contact number
+27 100066967
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RIBOVA HOLDING INVESTMENTS (PTY) LTD
IconTrade
South Africa
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The South AfricaFSCA regulation (license number: 49213) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $ 250 000 |
| Minimum Spread | EUR/USD 1.6, GBP/USD 2.0, USD/JPY 1.9 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $ 100 000 |
| Minimum Spread | EUR/USD 2.1, GBP/USD 2.5, USD/JPY 2.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $ 25 000 |
| Minimum Spread | EUR/USD 2.7, GBP/USD 3.1, USD/JPY 3.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | .1:200 |
| Minimum Deposit | $ 250 |
| Minimum Spread | EUR/USD 3.0, GBP/USD 3.4, USD/JPY 3.3 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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IconTrade · 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.
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