Reported as a scam / unregulated
Why Icon FX is on the register
Icon FX claims to be authorized by the Seychelles Financial Services Authority (FSA). However, while a license matching its claimed information does exist in the official register of the Seychelles FSA, the domain name associated with that license does not match the domain name currently used by Icon FX. This discrepancy raises serious doubts about whether Icon FX is truly operating under its claimed authorization. Furthermore, Icon FX has not provided any other verifiable licensing information or explanation for this discrepancy. Until the company can demonstrate that its current website and operations are subject to clearly valid licenses, we assess that Icon FX may be unlicensed or engaged in fraudulent activities. Therefore, Icon FX appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.