Abstract: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.
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 |
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 | 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 |
No. IconTrade claims its registration with FSCA, but there is NO detailed information that can prove that. It is a suspicious clone broker.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Here are four account types IconTrade offers:
Account Type | Min Deposit |
Basic | $250 |
Gold | $25 000 |
Platinum | $100 000 |
PRO | $250 000 |
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 offers variable spreads and no commissions.
Trading Platform | Supported | Available Devices | Suitable for |
EasyTrader | ✔ | / | / |
MT4 | ❌ | / | Beginners |
MT5 | ❌ | / | Experienced traders |
The broker accepts payments via VISA, Mastercard and Neteller.