ASIC — Australia
Icon Tech LLC
Licence
Icon FX Review — Overview
Regulation
Tier-1 regulated
Licence
ASIC
Licence status
Active
Platforms
WebTrader
Max. leverage
1:500
Instruments
70+, forex, index CFDs, commodities and cryptocurrencies
Typical spread
From 0.6 pips (Standard account)
Operating
Est. 2015
Main market
DE
Entity
Icon Tech LLC
Website
Unknown
Icon FX is a forex & CFD broker based in Australia, established in 2015. On Trust Broker Hub it holds a Trust Score of 5.8 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, Icon FX is regulated by ASIC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Icon FX provides access to 70+, forex, index CFDs, commodities and cryptocurrencies. Published conditions include leverage up to 1:500. No complaints are currently on record. Overall, Icon FX has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
Icon FX currently scores 5.8/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | 70+, forex, index CFDs, commodities and cryptocurrencies |
| Minimum deposit | $0 |
| Maximum leverage | 1:500 |
| Typical spread | From 0.6 pips (Standard account) |
| Platforms | WebTrader |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Icon FX
Our analysis · editorial
5.8/10
A mixed risk profile
Icon FX holds a tier-1 regulatory licence (ASIC). Based in Australia, it has been operating for about 11 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.8/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (ASIC)
- Long 11-year operating track record
- No complaints on record with us
- Supports WebTrader trading
Watch-outs
- Very high leverage available (1:500) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Icon FX — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Icon FX here if that changes.
Full specifications
Regulated region
Australia
Operating period
5-10 years
Main market
DE
Instruments
70+, forex, index CFDs, commodities and cryptocurrencies
Year founded
2015
Frequently asked
Is Icon FX a safe broker?
Icon FX scores 5.8 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Icon FX trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Icon FX?
Icon FX publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.