diff --git a/src/core/host_interface.cpp b/src/core/host_interface.cpp
index 8ffcf2880..81b53e2ea 100644
--- a/src/core/host_interface.cpp
+++ b/src/core/host_interface.cpp
@@ -492,6 +492,7 @@ void HostInterface::SetDefaultSettings(SettingsInterface& si)
   si.SetBoolValue("Main", "ApplyGameSettings", true);
   si.SetBoolValue("Main", "AutoLoadCheats", true);
   si.SetBoolValue("Main", "DisableAllEnhancements", false);
+  si.SetBoolValue("Main", "ShowSpeedIcons", true);
   si.SetBoolValue("Main", "RewindEnable", false);
   si.SetFloatValue("Main", "RewindFrequency", 10.0f);
   si.SetIntValue("Main", "RewindSaveSlots", 10);
diff --git a/src/core/settings.cpp b/src/core/settings.cpp
index 0abcbe901..3cae44eda 100644
--- a/src/core/settings.cpp
+++ b/src/core/settings.cpp
@@ -166,6 +166,7 @@ void Settings::Load(SettingsInterface& si)
   apply_game_settings = si.GetBoolValue("Main", "ApplyGameSettings", true);
   auto_load_cheats = si.GetBoolValue("Main", "AutoLoadCheats", true);
   disable_all_enhancements = si.GetBoolValue("Main", "DisableAllEnhancements", false);
+  show_speed_icons = si.GetBoolValue("Main", "ShowSpeedIcons", true);
   rewind_enable = si.GetBoolValue("Main", "RewindEnable", false);
   rewind_save_frequency = si.GetFloatValue("Main", "RewindFrequency", 10.0f);
   rewind_save_slots = static_cast<u32>(si.GetIntValue("Main", "RewindSaveSlots", 10));
@@ -358,6 +359,7 @@ void Settings::Save(SettingsInterface& si) const
   si.SetBoolValue("Main", "ApplyGameSettings", apply_game_settings);
   si.SetBoolValue("Main", "AutoLoadCheats", auto_load_cheats);
   si.SetBoolValue("Main", "DisableAllEnhancements", disable_all_enhancements);
+  si.SetBoolValue("Main", "ShowSpeedIcons", show_speed_icons);
   si.SetBoolValue("Main", "RewindEnable", rewind_enable);
   si.SetFloatValue("Main", "RewindFrequency", rewind_save_frequency);
   si.SetIntValue("Main", "RewindSaveSlots", rewind_save_slots);
diff --git a/src/core/settings.h b/src/core/settings.h
index 534f1d17a..021fb5abc 100644
--- a/src/core/settings.h
+++ b/src/core/settings.h
@@ -96,6 +96,7 @@ struct Settings
   bool apply_game_settings = true;
   bool auto_load_cheats = false;
   bool disable_all_enhancements = false;
+  bool show_speed_icons = false;
 
   bool rewind_enable = false;
   float rewind_save_frequency = 10.0f;
diff --git a/src/duckstation-qt/advancedsettingswidget.cpp b/src/duckstation-qt/advancedsettingswidget.cpp
index 8c73aeba3..53702bd46 100644
--- a/src/duckstation-qt/advancedsettingswidget.cpp
+++ b/src/duckstation-qt/advancedsettingswidget.cpp
@@ -136,6 +136,7 @@ AdvancedSettingsWidget::AdvancedSettingsWidget(QtHostInterface* host_interface,
   SettingWidgetBinder::BindWidgetToBoolSetting(m_host_interface, m_ui.logToFile, "Logging", "LogToFile");
 
   SettingWidgetBinder::BindWidgetToBoolSetting(m_host_interface, m_ui.showDebugMenu, "Main", "ShowDebugMenu");
+  SettingWidgetBinder::BindWidgetToBoolSetting(m_host_interface, m_ui.showSpeedIcons, "Main", "ShowSpeedIcons", true);
 
   connect(m_ui.resetToDefaultButton, &QPushButton::clicked, this, &AdvancedSettingsWidget::onResetToDefaultClicked);
   connect(m_ui.showDebugMenu, &QCheckBox::toggled, m_host_interface->getMainWindow(),
@@ -208,6 +209,8 @@ AdvancedSettingsWidget::AdvancedSettingsWidget(QtHostInterface* host_interface,
                              tr("Logs messages to duckstation.log in the user directory."));
   dialog->registerWidgetHelp(m_ui.showDebugMenu, tr("Show Debug Menu"), tr("Unchecked"),
                              tr("Shows a debug menu bar with additional statistics and quick settings."));
+  dialog->registerWidgetHelp(m_ui.showSpeedIcons, tr("Show Speed Icons"), tr("Checked"),
+                             tr("Shows persistent icons when turbo is active or when paused while using the fullscreen UI."));
 }
 
 AdvancedSettingsWidget::~AdvancedSettingsWidget() = default;
diff --git a/src/duckstation-qt/advancedsettingswidget.ui b/src/duckstation-qt/advancedsettingswidget.ui
index 80047ccc3..7f8ec578d 100644
--- a/src/duckstation-qt/advancedsettingswidget.ui
+++ b/src/duckstation-qt/advancedsettingswidget.ui
@@ -104,6 +104,13 @@
         </property>
        </widget>
       </item>
+       <item row="0" column="1">
+         <widget class="QCheckBox" name="showSpeedIcons">
+           <property name="text">
+             <string>Show Speed Icons</string>
+           </property>
+         </widget>
+       </item>
      </layout>
     </widget>
    </item>
diff --git a/src/frontend-common/fullscreen_ui.cpp b/src/frontend-common/fullscreen_ui.cpp
index bbb250f93..5f39b40a9 100644
--- a/src/frontend-common/fullscreen_ui.cpp
+++ b/src/frontend-common/fullscreen_ui.cpp
@@ -2280,6 +2280,10 @@ void DrawSettingsWindow()
           s_host_interface->RunLater([debug_menu]() { SetDebugMenuEnabled(debug_menu); });
         }
 
+        settings_changed |= ToggleButton("Show Speed Icons",
+                                         "Shows persistent icons when turbo is active or when paused.",
+                                         &s_settings_copy.show_speed_icons);
+
         settings_changed |=
           ToggleButton("Disable All Enhancements", "Temporarily disables all enhancements, useful when testing.",
                        &s_settings_copy.disable_all_enhancements);
@@ -3122,13 +3126,14 @@ void DrawStatsOverlay()
       DRAW_LINE(g_large_font, g_large_font->FontSize, 0.0f, IM_COL32(255, 255, 255, 255));
     }
 
-    if (s_host_interface->IsFastForwardEnabled() || s_host_interface->IsTurboEnabled())
+    if (g_settings.show_speed_icons &&
+        (s_host_interface->IsFastForwardEnabled() || s_host_interface->IsTurboEnabled()))
     {
       text.Assign(ICON_FA_FAST_FORWARD);
       DRAW_LINE(g_large_font, g_large_font->FontSize * 2.0f, margin, IM_COL32(255, 255, 255, 255));
     }
   }
-  else if (state == System::State::Paused)
+  else if (g_settings.show_speed_icons && state == System::State::Paused)
   {
     text.Assign(ICON_FA_PAUSE);
     DRAW_LINE(g_large_font, g_large_font->FontSize * 2.0f, margin, IM_COL32(255, 255, 255, 255));