Introduction to Iconic Capital Review:
Do you also want to protect yourself from these brutal scams and save your money? Don’t worry and read this Iconic Capital review as we are here to help you out. With detailed scam broker reviews every day, we work towards making the financial market free of scam brokers. Here, we will be investigating a brokerage firm that goes by the name of Iconic Capital.
Claiming to be a brokerage firm that has customers from around the world, Iconic Capital is supposedly based out of Dominica. If you are here with the intention of knowing whether Iconic Capital is a scam broker or a legitimate broker, read the full review and decide among yourself.
Name: Iconic Capital
Leverage Offered: 1:100
Minimum Initial Deposit: $500
About Iconic Capital:
In this section of the Iconiccapital.world review, we will be revealing all the red flags raised by Iconic Capital that point us to the reality of the Iconic Capital scam.
ICONIC CAPITAL DOES NOT HAVE A LICENSE
As you all might know by now, a license from the regulatory authority of concern is mandatory for the brokerage firms to hold. Upon checking the website of Iconic Capital, we found out that Iconic Capital claims to have a license from the regulation of all the countries they are operating in. Furthermore, we also saw that Iconic Capital is based out of Dominica.
For those who are not aware, Dominica is an offshore zone and only unregulated brokerage firms are based out of offshore zones. After cross-checking with the regulations of the countries Iconic Capital claimed to have a license from, our suspicions strengthened and we got to know that Iconic Capital is UNREGULATED. One should never trade with any unregulated brokerage firm.
HIGH MINIMUM INITIAL DEPOSIT
On one hand, when the regulated brokerage firms demand a low minimum initial deposit that usually lies in the range of $5 to $10, we were shocked to know that Iconic Capital demands a minimum initial deposit of $500 which is almost 50 times greater than the maximum deposit demanded by the regulated firms. This makes it clear that Iconic Capital is hiding something from the public thereby pointing us to the Iconiccapital.world scam in this Iconic Capital review.
Conclusion: Is Iconic Capital really a scam broker or not?
To sum up, all that has been stated above, we leave it upon you to decide whether Iconic Capital is a scam broker or a legitimate one. However, we must warn you to stay away from this unregulated brokerage firm. If you are a victim of an Iconic Capital scam, file a complaint with us and we will help you out.
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