IcorpSecurities Review

About IcorpSecurities

IcorpSecurities offers trading under the name “IcorpSecurities LIMITED” with a minimum deposit reportedly ranging from 200 USD for a Micro account up to 50,000 USD for a Premium account, with a “welcome bonus” up to 25 % for higher‑tier accounts; the trading platforms mentioned include Sirix by Leverate and a proprietary WebTrader, though the website fails to provide detailed trading conditions such as leverage, spreads or execution model, and legal documents (Terms and Conditions, Privacy Policy, etc.) return “page not found” errors. ()

The firm is not regulated; no registration or licence is provided or verifiable through any official regulator. Multiple financial authorities have issued public warnings: the Spanish CNMV flagged IcorpSecurities as not authorised to provide investment services in Spain on 23 May 2022; the British Columbia Securities Commission (BCSC) added it to its warning list on 3 August 2022 for lack of registration to trade or advise on securities or derivatives; and the Belgian FSMA identified it as a fraudulent online trading platform on 14 September 2022. ()

The broker’s operations appear tied to unauthorized schemes: it uses servers associated with the FCA‑regulated One Financial Markets (Axi Group), and accepts payment via BridgerPay, yet remains unregulated—suggesting facilitation of an illicit operation. The listed legal entity (IcorpSecurities LIMITED, purportedly in Estonia per its Terms & Conditions) lacks verifiable legitimacy. ()

Pros and cons

Pros

• No verifiable regulated operations; no credible positive aspects.

Cons

• Unregulated, anonymous entity with no disclosed license or registration.
• Multiple regulator warnings: CNMV (Spain), BCSC (Canada), FSMA (Belgium).
• Legal documents are inaccessible (“page not found”).
• Inconsistent or misleading account and deposit information.
• Connected to third‑party infrastructure and payment providers despite lacking proper authorization.