Traders founded IcorpSecurities for traders. This broker promises to fulfill all their wishes and make the trading process as comfortable as possible. However, just making promises is not enough. Can the company give any guarantees to investors? What do clients say about it in reviews? Is everything clear with the documents here or is it a scam? Let’s consider these and other important questions.
- IcorpSecurities General Information
- Registration and Client Portal Review
- IcorpSecurities Trading Conditions
- Account Types Review
- Trading Platform
- IcorpSecurities — Deposit and Withdrawal of Funds
- Is IcorpSecurities a Scam?
- Legal Information and License
- Icorpsecurities.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
IcorpSecurities General Information
Registration and Client Portal Review
The bright green-orange official site still looks stereotyped and typical. Huge banners encourage future clients to trade anytime, anywhere. IcorpSecurities will help investors get the desired profit. You just need to follow the advice and take the money.
It is where the valuable information ends. There is a lot of self-promotion on the site, and no specific data about the company. There is not even a translation into another language other than English, although for some reason, a language switcher is presented.
Registration is standard, except that the form is slightly extended. You will need to provide the following information:
- First and last name
- Email address
- Phone number
- Country of residence
- Date of birth
- Account type
- Promo code.
At the same time, there are more types of accounts than shown on the main page. In this form, there are seven of them; but the detailed conditions are not described here either.
In the Client Portal, everything is standard. You can fill out a profile, upload documents and start trading. It is possible to deposit the account or make a request for withdrawal of money, and contact support.
IcorpSecurities Trading Conditions
IcorpSecuries provides brokerage services. To be quite precise, it’s more like a dealing center. Real assets are not traded here; only CFDs.
Account Types Review
There are several types of accounts for traders.
- Micro is suitable for beginners. There is a personal manager, financial calendar, and news. The minimum deposit is $200.
- Standard. The minimum deposit is $2,500. Spreads are fixed here. The company gives a bonus of 25% and access to webinars.
- Premium. The account for experts does not differ from the previous one except for the minimum lot size – 1. The minimum deposit here is rather high, 50 thousand dollars.
For all types of accounts leverage is floating. Its maximum size is not specified. There are no special additional services. Account types are not much different from each other, and as we already know, there are 4 more that are not described in detail anywhere. There is also no demo account, which is a big disadvantage for a broker.
Even though the MT4 terminal is indicated in the personal account, the reality is a little different. Active8 provides web terminals to traders. It is a big mystery how to trade in it. There is a disgusting design, an inconvenient control panel and only one trend indicator here. It is hard to imagine that any trader would really be interested in such a trading platform. Only because of it you can refuse the offers of IcorpSecurities.
IcorpSecurities — Deposit and Withdrawal of Funds
A variety of deposit methods include wire transfers, credit, or debit cards, payment systems such as paypal, etc. You can withdraw money in the same ways.
It is necessary to pass verification on the IcorpSecurities site. Technical support will ask for:
- A photo or scan of the ID card, a passport or other identification document
- A photo of the card from which the deposit was made
- Utility bills, etc.
Is IcorpSecurities a Scam?
When checking the broker’s offers, we noted how it tries to remain anonymous. Unfortunately, this is one of the first signs of fraud. Companies that have nothing to hide honestly share important information with future clients. In this case, it is completely unclear what kind of company it is, when it appeared, who manages it, etc.
Legal Information and License
The legal details of IcorpSecurities remain a mystery. The company casually mentions that it has an office in the UK, but does not provide addresses. If the site has only English, it can be assumed that the broker comes from the UK either. However, this theory has not been confirmed. Unfortunately, there is no legal entity with that name in the register.
There is reason to doubt the legality of IcorpSecurities services. Perhaps the company has a legal registration, just under a different name. However, there is no license. Firstly, a search in the register of the English regulator shows that there is no data about the hero of the review there. Secondly, the FCA would not issue a license to a broker that offers customers a bonus to the account. Besides, the site violates the rules of information disclosure.
Icorpsecurities.com Domain Info
The broker definitely cannot boast of a lot of experience. The first reviews about it appeared in 2022. Domain check fully explains this situation. The official website was created on December 15, 2021, so it hasn’t even worked for a year yet.
The article has been updated. As in some cases before, we found that the scammers had changed the domain. Now look for them on icorpsec.com. What is stopping them from renewing their domain registration? Perhaps fake registrant details?
Contact details are not enough. There is only email. You can also write to support in the chat. However, as traders’ reviews show, IcorpSecurities is reluctant to talk and often ignores requests.
Pros and Cons
- Several types of accounts.
- No legal registration.
- Short-term work.
- Lack of contact details.
- No license.
- Not enough information about the company.
- Negative reviews.
- No demo account.
Frequently Asked Questions (FAQ)
The company offers CFD trading.
According to the broker’s trading conditions, the minimum deposit is $200.
No, it is an unregulated broker without registration and license.