IcoFX is an icon editor to create, edit and extract icons.
IcoFX is a complete icon editor with multiple tools to create icons. You can convert your images in icons and vice versa, although you can extract icons from other files.
IcoFX can create any icon with the 40 efects availables.You can also create transparent icons because it support the alpha channel. You can create icons with 256x256 pixels.
IcoFX is no doubt is a great edition program to creat any icon you want.