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
- Verification
- Is IcorpSecurities a Scam?
- Legal Information and License
- Icorpsecurities.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
IcorpSecurities General Information
| Website | https://icorpsecurities.com/, https://icorpsec.com/ |
| Phone number | — |
| info@icorpsecurities.com | |
| Address | — |
| License | — |
| Minimum deposit | $200 |
| Assets | CFDs |
| Leverage | «Floating» |
| Trading platform | Activ8 |
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
- Password
- Phone number
- Country of residence
- Date of birth
- Account type
- Currency
- 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.
Trading Platform
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.
Verification
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?
Contacts Review
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.
IcorpSecurities doesn’t have any serious advantages. The broker is made of flaws. There are not enough necessary documents and overall transparency of work. Trading with such a dubious project is extremely dangerous for your wallet.
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.
Their advice is a complete scam
Analysts intervened in my trading. They advised me on what asset to work with. These guys are aiming to drain my funds! I have already lost $300 on IcorpSecurities because of their recommendations. Be aware of them.
Fraud in trading
The worst Forex company is IcorpSecurities! Everyone who has traded with them knows how they cancel profitable trades. Their platform is just terrible. Orders are opened with delays. I had to wait 3 minutes to close my order, it’s a complete mess!
Many complaints
IcorpSecurities is on many black lists. It doesn’t have a good reputation. You should not rely on this company. The broker is unlikely to withdraw money. There are many complaints from traders.
Pass this company
My withdrawal was blocked by IcorpSecurities. Therefore, you should not work with these scammers in any case. I believed in their tales of high reliability and profit and didn’t check the company. I transferred here 500 dollars, which I lost because the company does not withdraw money, but it’s okay. I’ve already put up with this loss. After all, it’s not a big amount. I would just like to warn other people with my review that the withdrawal doesn’t work here.
Be afraid of them!
There is very strong evidence that this scam was run by the same people as [deleted]. I think that this company has already closed and took a lot of investors’ money with it. I saw their website over the summer and saw a lot of reviews that went against their meager offerings. It seems like a very misleading advertisement. And of course they continue their dirty work.
Beware icorpsec.com!!
They called me and promised reliable trading. This is what happened next. They access your account even when you change your password. And they can make transactions even if you want to close your account and get your money back. When I said I wanted to leave, they wiped out my account balance so I lost everything. Really bad experience 🙁
Total disappointment
Bad broker with a lot of pitfalls. It takes a very long time to withdraw money, and their servers are not stable. So I’m generally dissatisfied with IcorpSecurities. I ordered money for withdrawal today. I hope they will be withdrawn and then I will look for another broker for trading.
Don't trust them
Have a nice day I was also scammed… I did some research and as far as I know the bosses of the scammers are powerful people… They have a long history of scamming. Beware of accepting bonuses and using leverage because they have hidden clauses and conditions, then they won’t let you withdraw money. In my case, coincidentally, when I asked for a withdrawal, my advisors made a very risky trade that left my account with a negative sign.
Highly suspicious
Where is their license? Maybe I’m an old fool, but I know for sure that this is not how business is done. Their website icorpsec.com says that they are one of the world leaders in forex. Who gave them the right to say that? I didn’t even find any legal entity. The regulator of my country is also empty of information about them. Some dubious garbage on the ground.