Who is Icon FX?
A: Icon FX is a CFD broker that strives to give its clients the best trading conditions and experience possible through the use of innovative platforms, tools and service.
Who owns Icon FX?
Icon FX is own by Icon Tech PTY Ltd.
Is Icon FX regulated?
Yes, we have ASIC (The Australian Securities and Investments Commission) regulation. We also licensed by the FSA regulation (Financial Services Authority).
Where is my money held?
Icon FX client funds are held in segregated accounts in tier 1 banks, as per the instruction of our regulatory bodies.
What does Icon FX do with my personal information?
Icon FX is a regulated broker and follows both KYC & anti money laundering guidelines, all information is secure and gathered to meet our legal regulatory obligations. We conform to strict GDPR laws and will never release any personal information to a third party.
How safe are my card details and personal information?
What account types does Icon FX Offer?
Professional, Standard, Demo, and Islamic accounts.
What is the minimum deposit I can start with at Icon FX
We do not have a minimum funding requirement on our accounts.
What are your trading conditions?
We strive to keep our spreads as low as possible and deliver rapid executions, we have no dealing desk intervention and no requotes.
Is Icon FX an ECN/STP broker or a Market Maker?
Icon FX are an STP broker meaning we send the client’s orders directly to the liquidity providers for fulfillment.
How easy is it to open a live trading account with Icon FX?
Simply complete the sign up form at the top of the Icon FX home page, and select ‘Open Account’.
How do the Standard and the Pro Accounts differ?
On the Pro account clients receive a raw spread and pay a small commission on each trade. On the Standard account there is zero commissions but the spreads are slightly wider.
What leverage does Icon FX offer?
We offer leverage up to 1:500.
Can I have multiple trading accounts with Icon FX?
Does Icon FX offer any education?
Yes, visit our education page by clicking here.
How many currency pairs does Icon FX offer?
50+ currency pairs are available to trade on our platfroms.
Which other instruments does Icon FX offer?
We also offer commodities, indices and cryptos.
How do I deposit money into my trading account?
You can deposit using Visa or Mastercard, Bank Transfer, Cryptos, Mobile Money, Neteller, Skrill and other payment solutions.
How long does it take for funds to appear in my live trading account?
Most deposit methods are instant, others such as cryptocurrency gateways may vary. Information will always be provided on payment pages.
How do I withdraw money from my trading account?
Select the ‘Withdraw’ option in your client office on the Icon FX website.
What documents do I have to provide to Icon FX to open a live trading account?
Proof of ID (Driving license, passport, national ID) and Proof of Address (Bank statement or utility bill) dated within the most recent 3 months.
Which countries do Icon FX not allow clients from?
United States, Iran, Iraq, Syria, and North Korea.
Can I scalp and perform hedging on my Icon FX account?
Yes, all trading strategies are welcome except arbitrage.
If I stop trading, will I be charged an inactivity fee?.
No, we do not have inactivity fees.
What is the difference between a demo and a live account?
Demo accounts are training accounts that you can use to test out a platform or practice trading. They do not use real money, and so there is absolutely no risk involved.
How are Icon FX prices derived?
They are provided by our top-tier liquidity providers.
Who provides the liquidity for Icon FX?
We aggregate multiple Tier One banks to ensure our traders get the best price.
What is the average spread on EURUSD?
Why was my stop loss not filled at the requested price?
At times of high market volatility, you may experience slippage due to prices moving fast or gapping. Your stop price will not be filled in these instances of when the ask price hasn’t hit your order.
Where can I find swap rates?
On MT4, right click on the currency pair you want to check the swaps for and click ‘Specification’. Scroll down to see the long and short swaps.
Do you offer negative balance protection?
Yes, this is dependent on your account type and minimum funding amount applies.
What partnership programs does Icon FX offer?
Introducing Broker, Affiliate Partnership, White Label, and MAM/PAMM.
Can I lose real money whilst trading on a demo account?
No, demo accounts are funded with virtual money.
What happens to my funds if Icon FX becomes insolvent?
All clients funds are segregated and can be recovered in the unlikely event of insolvency.