Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

ICE FX Review

4.33
6 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

ICE FX general information

Founded in: 2015 year
Headquarters:
Malaysia
Minimum Deposit: 30 $
Website: ICE FX
Website languages: English, Russian
Execution model:
STP
Deposit currency: USD
Support languages: English, Russian
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, STP accounts, VIP accounts, Segregated accounts
Trust management: PAMM, MAM
Affiliate program: 1
Deposit bonus: 100 %
Компенсация издержек при переводе депозита из других компаний (брокеров, фондов и т.д.). Компенсируется до 100% издержек при транзакции депозита.

ICE FX Forex broker description

Pros

  • Regulation: ICE FX is regulated by the Financial Services Authority (FSA) of Seychelles, providing traders with a sense of security and assurance that their funds are protected.

  • Low spreads: With spreads starting from 0.5 pips for a Standard account and 0.0 pips for a Pro account, ICE FX offers competitive pricing.

  • Deposit bonus: ICE FX offers a 100% deposit bonus to new customers

  • Customized account types: ICE FX offers customized account types for traders based on their specific needs, allowing for a personalized trading experience.

  • Wide range of Assets: ICE FX offers a wide range of trading assets, including forex currency pairs, commodities, indices, and stocks. This gives traders a diverse portfolio and the opportunity to trade various markets, allowing them to take advantage of different market conditions.

Cons

  • Limited payment options: ICE FX only offers a limited range of payment options, including bank wire transfers, credit/debit cards, and e-wallets.

  • No US clients allowed: ICE FX does not accept clients from the USA, which may limit its customer base and restrict trading opportunities for US-based traders.

  • Commission fees apply.



Unique Selling Points

  • Customized Account Types: ICE FX offers three different account types Unlimited Demo Accounts, STP accounts, VIP accounts, and Segregated accounts, each designed to cater to specific trading strategies. An unlimited Demo Account is suitable for beginners. The STP and VIP accounts offer more advanced trading features, such as lower spreads, higher leverage, and custom pricing for high-volume traders.

  • Affiliate Program: Another notable aspect of ICE FX is its affiliate program, which offers a competitive commission structure and a range of marketing materials to help affiliates promote the broker's services. The program provides up to 50% of the broker's revenue share for each referred client, with no limits on the number of referrals. Affiliates can also benefit from various marketing tools, including banners, landing pages, and social media posts, to help drive traffic to their referral links. This makes ICE FX a potentially lucrative opportunity for affiliates looking to earn commission by referring clients to a reliable broker.

  • High Leverage: ICE FX provides traders with high leverage of up to 1:500, which can amplify potential profits. 

  • Advanced Trading Technologies: ICE FX provides traders with advanced trading technologies, including the popular MetaTrader 4 (MT4) platform, Multi Account Manager, and FIX API. They offer a user-friendly interface, advanced charting tools, and the ability to use automated trading strategies. Additionally, ICE FX offers a variety of other trading tools, such as economic calendars, market news, and technical analysis tools.

  • Multilingual Support: ICE FX offers multilingual customer support, allowing traders to communicate in their preferred language. The customer support team is available 24/5 via email, phone, and live chat and is known for its quick response times and helpfulness.


Introduction

ICE FX is a forex and CFD broker that was established in 2015. Operating out of Seychelles, the broker offers its services to traders worldwide. ICE FX boasts of competitive trading conditions, advanced technologies, and diverse trading assets. 

ICE FX offers a unique 100% deposit bonus for new clients, which is an attractive incentive for traders looking to start trading with a larger trading account balance. The bonus applies to deposits of up to $10,000, providing traders with double the amount of funds to trade with. However, it's important to note that the bonus is subject to specific terms and conditions, including a required trading volume, before any withdrawals can be made.

In this ICE FX review, we will delve into the types of accounts, trading platforms, assets, customer support services available, and other things you need to know.


Supported Countries

ICE FX is a global forex and CFD broker that provides services to traders in various countries. The broker has clients from over 50 countries, including the United Kingdom, Australia, Canada, and many European and Asian countries.  

ICE FX does not offer services to residents of the United States of America, Canada, China, India, Japan, Sudan, Syria, and North Korea. 

ICE FX provides multilingual support services to cater to a diverse client base. The broker's website and customer support are available in several languages, including English, Russian, Chinese, Spanish, Portuguese, and Arabic. This enables traders from different countries and regions to access the broker's services in a comfortable language, enhancing the trading experience.


Customer Service Rating

ICE FX's customer service rating has been mixed, with some negative and positive reviews. According to Trustpilot, ICE FX has a 2.9-star rating based on two reviews, which suggests some customers have not been entirely satisfied with their experience. However, the broker has a 3.9-star rating based on five reviews on Forexpeacearmy, indicating that other customers have had a more positive experience.

Some of the negative reviews on Trustpilot have highlighted issues with customer support, including difficulties reaching the support team and slow response times. Note that ICE FX has addressed these concerns by improving its customer service processes and implementing new tools to help customers get the help they need more quickly. 

The broker has also stated that it takes all customer feedback seriously and is committed to continually improving its services to meet the needs of its clients.

 

ICE FX Trading Platforms

ICE FX offers a range of trading platforms to cater to the diverse needs of its clients. Here are some of the key features and benefits of the broker's platforms:

  • MetaTrader 4 (MT4): ICE FX supports the widely used MT4 platform, which is popular among traders for its intuitive interface, advanced charting capabilities, and customization options. MT4 is available for desktop, mobile, and web-based trading, allowing traders to access the platform from anywhere at any time.

  • Multi Account Manager (MAM): The MAM platform is designed for money managers and allows them to manage multiple accounts from a single interface. MAM supports various allocation methods and allows for real-time reporting, making it a convenient and efficient tool for money managers.

  • FIX API: ICE FX supports FIX API, which is an industry-standard protocol used for electronic communication between trading systems. FIX API enables traders to connect their systems to ICE FX's trading infrastructure, providing direct market access and low-latency execution.

  • ICE FX Trader: ICE FX Trader is a proprietary trading platform developed by the broker. It features advanced charting capabilities, a customizable interface, and a wide range of trading tools and indicators. The platform is available for desktop and mobile devices, allowing traders to access the markets on the go.


Type of Trading Accounts

ICE FX offers different types of trading accounts to cater to the needs of various traders. Here are the details of each account type:

  • Unlimited Demo Accounts: ICE FX provides unlimited demo accounts to traders who want to practice their trading strategies and test the broker's platforms without risking any real money. The demo accounts are free and offer access to all the features of the live trading accounts. This type of account is particularly useful for novice traders who are still learning the ropes and want to build their confidence before trading with real money.

  • STP Accounts: ICE FX's STP (Straight-Through-Processing) accounts are designed for traders who want fast and reliable execution with no dealing desk intervention. The STP accounts offer market execution with no re-quotes, allowing traders to take advantage of market opportunities as soon as they arise. This type of account suits traders who prefer fast-paced trading and want to maximize their trading opportunities.

  • VIP Accounts: ICE FX's VIP accounts are designed for high net-worth and professional traders who require a more personalized trading experience. VIP accounts offer higher leverage, lower spreads, and other exclusive benefits, such as dedicated account managers and customized trading solutions. This type of account is ideal for traders who trade in large volumes and want to enjoy premium trading conditions.

  • Segregated Accounts: ICE FX offers segregated accounts for clients who want to separate their funds from the broker's operating funds. Segregated accounts provide an additional layer of security and can give traders peace of mind. This type of account is suitable for traders who want to ensure the safety of their funds and protect themselves against the risk of the broker's insolvency.


Trading Denominations

ICE FX offers a variety of trading denominations for its clients. The broker supports multiple base currencies, including USD, EUR, RUB, and CHF, which means clients can choose the currency that best suits their trading needs.


Company Structure

ICE FX is a financial brokerage firm established in 2015 that offers its clients a wide range of trading services and solutions globally. ICE FX stands for "Interactive Creative Environment Fox." The company's headquarters in Malaysia is regulated by the Financial Services Authority (FSA) of Seychelles. 

Over the years, ICE FX has gained an impressive reputation, making it one of the most popular brokers in the industry. This is reflected in the numerous positive ice fx reviews from satisfied clients. 

The company operates segregated accounts, ensuring that clients' funds are kept separate from the company's operational funds. This helps safeguard clients' investments and ensures clients can easily access them when needed. The company's corporate culture provides an environment where clients can easily access and understand the information they need to make informed trading decisions.

ICE FX has a team of over 50 professionals dedicated to providing clients with top-quality service, fast trade execution, and efficient customer support. ICE FX operates a strict policy of transparency, which is evident in how they conduct their business. They offer full disclosure of their fees, charges, and trading conditions, which has helped to foster trust between the company and its clients. The company's dedication to its clients has also been reflected in its several industry awards, including the "Best Forex Broker in Asia" and the "Best STP Broker" awards.


ICE FX Licenses and Regulatory Compliance

ICE FX is a licensed and regulated Forex broker. They hold a license from the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under registration number SD035. The FSA is an independent regulatory authority supervising and regulating financial institutions, including Forex brokers. The license confirms that ICE FX operates within the framework of the financial laws and regulations of Saint Vincent and the Grenadines. 

ICE FX also obtained a license from the Vanuatu Financial Services Commission (VFSC) under registration number 17928. The license was issued in 2019 and remains valid.


ICE FX Customer Protection

ICE FX uses state-of-the-art security protocols to safeguard customer information and funds. They use SSL encryption to protect data transmission and store customer funds in top-tier banks, ensuring that they are safe and secure.

ICE FX also provides its clients with educational resources and tools to help them make informed trading decisions. They also have a customer support team available 24/5 to assist with any inquiries or issues. By prioritizing customer protection and offering comprehensive services, ICE FX has built a reputation as a reliable and trustworthy broker in the financial markets.


Trading Information

Trading Information for ICE FX is crucial to understand the broker's trading conditions. ICE FX offers trading in lots, which is the standard unit of measurement for forex trading. The broker allows clients to trade in standard, mini, and micro-lots.

A standard lot size is 100,000 units of the base currency, a mini lot size is 10,000 units of the base currency, and a micro lot size is 1,000 units. The ability to trade in different lot sizes provides flexibility and accommodates traders with varying capital levels.

It is important to note that trading in larger lot sizes carries higher risks while trading in smaller lot sizes reduces the risks. Therefore, traders should choose the lot size that is suitable for their trading strategy and risk tolerance.


Tradable Instruments

  • 62 currency pairs

  • 5 spot metals

  • 11 indices

  • 3 commodities

  • 15 cryptocurrencies


Leverage on ICE FX

ICE FX offers flexible leverage options to its clients ranging from 1:1 to 1:500. The leverage levels available to traders on this platform depend on the asset they wish to trade and their experience level. 

For professional traders, higher leverage options are available, while retail traders may have lower leverage limits imposed on them. It is important to note that while leverage can increase potential profits, it also increases potential losses, so traders should exercise caution when using high leverage. ICE FX's leverage offerings comply with regulatory guidelines to ensure client protection.


Deposits and Withdrawals

Deposits

ICE FX offers various deposit and withdrawal options to its clients. The minimum deposit amount for opening a trading account with ICE FX is $30, which is relatively low compared to other brokers. Clients can choose from a range of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. 

Deposit Method

Fees

Processing Time

Minimum Deposit

Bank Transfers

Free

2-5 business days

$30

Credit/Debit Cards

Free

Instant

$30

E-wallets (Skrill, Neteller)

Free

Instant

$30


Withdrawals

Withdrawals are processed quickly and efficiently, usually within 24 hours of the request being made. ICE FX does not charge any withdrawal fees, but clients are advised to check with their payment service providers as they may incur fees for using certain methods. 

The withdrawal methods available to clients are the same as the deposit methods, including bank transfers, credit/debit cards, and e-wallets.

Withdrawal Method

Fees

Processing Time

Minimum Withdrawal

Bank Transfers

Free

2-5 business days

$30

Credit/Debit Cards

Free

1-3 business days

$30

E-wallets (Skrill, Neteller)

Free

Instant

$30



ICE FX Trading Education and Training

Here are some unique points about the trading education and training offered by ICE FX:

  • Comprehensive video tutorials: ICE FX offers a range of video tutorials covering various topics in forex trading. These videos cover everything from the basics of forex trading to advanced trading strategies. The videos are created by industry experts and are designed to be easy to understand.

  • Free webinars: ICE FX also offers free webinars to its clients. These webinars cover a range of topics and are conducted by experienced traders. The webinars are interactive and allow clients to ask questions and interact with other traders.

  • Trading contests: ICE FX regularly hosts trading contests for its clients. These contests allow traders to test their skills against other traders and win cash prizes. The contests are designed to be fun and challenging, allowing traders to learn new trading strategies.

  • Trading signals: ICE FX provides its clients with trading signals. These signals are based on technical analysis designed to help traders make informed trading decisions. The signals are updated in real time, and clients can receive them via email, SMS, or the ICE FX trading platform.

  • Trading calculators: ICE FX offers a range of trading calculators that can be used to help traders make informed trading decisions. These calculators include a pip calculator, margin calculator, and profit/loss calculator. The calculators are easy to use and can help traders to manage their risk and maximize their profits.

  • Trading eBooks: ICE FX also provides its clients with a range of trading eBooks. These eBooks cover various topics in forex trading and are designed to be easy to read and understand. Experienced traders write eBooks and provide clients with valuable insights into the world of forex trading.


FAQs

  • Is ICE FX Trading a scam?

ICE FX Trading is not a scam. It is a legitimate STP and CFDs broker registered and regulated by reputable financial authorities.

  • How to Open an ICE FX Trading Account?

To open an account with ICE FX Trading, you need to follow these simple steps:

  • Visit the ICE FX Trading website and click on the 'Open Account' button.

  • Fill in the account registration form with your details and select the account type you want to open.

  • Verify your identity by uploading the required documents.

  • Fund your account with the minimum deposit amount of $30.

  • Start trading on the ICE FX Trading platforms.


Conclusion

ICE FX is a reputable forex broker that offers a wide range of tradable instruments, including currency pairs, spot metals, indices, commodities, and cryptocurrencies. They are licensed and regulated by the FSA and have taken measures to protect their customers' funds and personal information. 

Additionally, they offer a variety of trading account types, leverage options, and flexible deposit and withdrawal options. ICE FX also provides educational resources for traders of all levels, including webinars, trading guides, and demo accounts. 

While their customer service rating on Trustpilot is not the highest, they have made efforts to address negative reviews and improve their support. Overall, ICE FX is a reliable option for traders looking for a diverse range of instruments, competitive trading conditions, and a focus on customer protection.

Trading accounts of ICE FX

  • STP
Trading platforms: MetaTrader 4
Minimum Deposit : 30 $
Deposit currency : USD - US Dollar
Trading instruments:
Forex1:300
Number of currency pairs: 3
  • EUR/USD
  • GBP/USD
  • USD/JPY
CFD's1:100
Amount of assets : 63
  • Futures
Metals1:200
  • Gold
  • Silver
Energy sources1:100
  • Oil
  • Gas
Cryptocurrencies
Stop Out:
50 %
Minimum position size:
0.01 лотов
Maximum position size:
1000 лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
100 %
Locked Margin level:
50 %
Commission:
0.0025% (2.5 USD per lot USD)
Phone trading:
No

Recent customer reviews of ICE FX

Basti Monaco 26 May 2023

Advantages: Good service, good working a-book trader.

Disadvantages: deposit with delay for almost 2 days

Comment: One time my deposit took some time to be on my personal account. After two days I contacted the support via live chat. They answered me real quick and in just 15 min my problem was solved. Now I invested with two days delay but it's okay.

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Dylan Baldwin 05 April 2022

Advantages: Reliability of the company Convenience of working in terminals Training materials Timely withdrawal of earnings Operational technical support Affiliate Program Demo account

Disadvantages: Unfavorable trading conditions Terminal failures and delays

Comment: The company offers good conditions, and regulation inspires confidence. The platform works perfectly, both the computer version and the mobile terminal. The broker allows trading with advisors, which is sure to appeal to novice traders. I have been working with a broker for more than a year, and during this time I have not found any problems.

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Freddie Hall 01 March 2022

Advantages: Transparent operation of the terminal, there was never a suspicion that the broker was trying to interfere in trading Spreads from 0.0 pips Fast order processing - less than 1 ms

Disadvantages: Recently, many ways of depositing and withdrawing money have disappeared

Comment: The broker lured me away from another company, for which I received a commission. I liked the quick execution of orders and protection from a gap, as well as the opportunity to invest in trust management. A little-known regulator alerted me, but at first everything went like clockwork. But after a couple of months, my terminal froze, and I closed the position with a loss. As for investments in their PAMM, I chose a normal manager by rating. It seems to be going well. Yes, drawdowns happen, but I get a profit.

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RECOMMENDED FOREX BROKERS

Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.