Company Information

Get to know Icon Solutions Group, S. A

Icon Solutions Group, S. A. was a company registered in Seychelles that owned and operated online trading platforms, most notably "Utrader" and "OptionBit". These platforms specialized in binary options, offering services to a global retail audience. The company's business model involved providing high-risk, speculative investment products directly to consumers. Due to its operations being largely unregulated in many jurisdictions, it faced significant scrutiny and multiple public warnings from European financial regulators, which led to the eventual shutdown of its main services.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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Icon Solutions Group, S. A

Guatemala

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.