Icofx is an award winning professional icon and cursor editor for Windows. It is an all-in-one solution for icon creation, extraction and editing. It is designed to work with Windows and Macintosh icons supporting transparency. With it, you can create icons and cursors, import, export and extract your favorite images into icons or cursors, or icons into images and batch process files. It also features advanced image editor, pre-made image objects and icon libraries. It's the only tool you will need to edit icons and cursors.
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Note: This software only a free trial, and if you like it, support the software developer and buy it.