Review summary
IconTrade, operating as RIBOVA HOLDING INVESTMENTS (PTY) LTD, is a broker based in South Africa with between two and five years of operating history. The entity has reported a Derivatives Trading License from the Financial Sector Conduct Authority (FSCA) with license number 49213, but this regulatory status is currently listed as Unverified. According to WikiFX data, the broker holds no validated authoritative forex trading licenses, operating without credible financial oversight from a mainstream regulator. The broker's WikiFX Risk Score of 1.46 reflects significant concerns across several assessment categories. IconTrade offers a tiered account structure, with the BASIC account requiring a $250 minimum deposit and providing leverage up to 1:200, while higher-tier accounts like PRO demand a $250,000 entry condition. Given the lack of verified regulation and the corresponding low risk score, engaging with this broker carries a high degree of financial risk. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-24)
