Ico Assets

Is Ico Assets a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.

Who is Ico Assets?

Ico Assets markets itself as an online trading and investment service. Its public site is presented at https://www.ico-assets.com/en/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Ico Assets regulated?

We could find no evidence that Ico Assets holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Account dashboards that show “gains” with no real market exposure
• Offshore or shell-company registration used to avoid oversight
• No verifiable licence from a recognised financial regulator
• Opaque or anonymous corporate ownership

Our analysis

On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Ico Assets to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab

Can you recover money lost to Ico Assets?

If you have deposited with Ico Assets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.