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iconic capital

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Could you please confirm if Iconic Capital is legit?
Abu Randawa
Eritrea
2022-09-05
ANSWER Iconic Capital is not a licensed or regulated broker even though it states offers that look good to be true. Iconic Capital claims to be operated by Effervescent Group LTD, a company registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number 26402 BC 2021. We indeed find a match result to Iconic Capital in SVG FSA , but please be informed that SVG FSA does not regulate forex brokers or issue forex licenses. So having the registration does not mean being authorized to provide financial services. More importantly, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Iconic Capital is not authorised to provide the investment services. You can check the full warning from here.The truth is, Iconic Capital is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Iconic Capital and trade with licensed brokers.
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