Icon Capital Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 720 528 7312, fax 1 303 221 3747
Addresses: 4610 South Ulster Street Suite 150 Denver Colorado 80237 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.iconcapman.com.
I experienced a security concern with my Icon Capital Management account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Multi-device support|Dedicated account manager
Cons: Help articles are sometimes vague
The platform at Icon Capital Management is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since the beginning of the year of dealing with this, I have had enough.
Pros: Demo account available|Low minimum deposit|Two-factor authentication
Cons: Limited cryptocurrency options
The spread at Icon Capital Management is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Good mobile app|Multi-device support|Full transparency|API access
Cons: Charting tools need more indicators
I lost a significant amount because Icon Capital Management did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Intuitive for beginners|Full transparency|Easy withdrawals|Helpful community forum
Cons: Live chat only during business hours
Opened my account with Icon Capital Management after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-currency support|Easy to use platform
Cons: No fractional shares