IconTrade Forex Broker

Note: IconTrade's official website: https://www.icontrade.com/ is currently inaccessible normally.IconTradeReview SummaryFounded2006Registered Country/RegionSouth AfricaRegulationNo regulationMarket InstrumentsStocks, indices, forex, commoditiesDemo Account/LeverageUp to 1:200SpreadVariableTrading PlatformEasyTraderMin Deposit$250Customer SupportTel: +27 100066967Email: support@icontrade.comIconTrade 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 ConsPros Cons Various trading productsInaccessible websiteMultiple account typesNo regulationNo commissionsNo demo accountsUnclear fee structureNo MT4/MT5 platformHigh minimum deposit requirementLimited payment optionsIs 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 TypeMin DepositBasic$250Gold$25 000Platinum$100 000PRO$250 000Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for EasyTrader✔//MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments via VISA, Mastercard and Neteller.