IconTrade

Note: IconTrade's official website: https://www.icontrade.com/ is currently inaccessible normally.

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

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?

Account Type

Here are four account types IconTrade offers:

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

Deposit and Withdrawal

The broker accepts payments via VISA, Mastercard and Neteller.