Forex ICE FX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

ICE FX Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@ice-fx.com

Contact Number N/A

Website ice-fx.com

Balanced Review

Pros & Cons

Pros

Regulated by Labuan Financial Services Authority (Labuan FSA)
Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Supports popular trading platform MetaTrader 4 (MT4)
Competitive trading conditions with various account types
24/5 multilingual customer support available

Cons

Lack of regulatory oversight from prominent authorities
Scattered educational resources, making navigation challenging
Inconsistent customer support experiences reported
Withdrawal processes criticized for delays and complications
Limited availability of advanced trading tools and features

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ICE FX	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ICE FX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
STP Account	Beginners and experienced traders	Competitive spreads, market execution	Minimum deposit of $30, suitable for various trading strategies
STP – MA Account	Investors and fund managers	Fund management features, risk management tools	Higher minimum deposit, designed for managing clients’ funds
Demo Account	New traders	Simulates live trading without real money	Useful for practice and familiarizing with the platform

Account Opening Process

To open an account with ICE FX, follow these steps: Start by submitting your personal details, including full name, email address, and password. You will also need to provide employment and financial information for verification purposes. Identity verification is required, typically involving the submission of an ID and proof of address. Once your application is submitted, you can upgrade to a professional account later if your trading volume increases or if you meet specific eligibility criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	0.0025% – 0.25%	Competitive spreads for various currency pairs
CFDs (Indices, Commodities)	Varies	0.004% – 0.006%	Commission applies to trades
Cryptocurrencies	Varies	0.1%	Commission may vary based on market conditions

Other Fees

Other potential costs associated with trading at ICE FX may include deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may also apply if the account remains dormant for an extended period. Additionally, overnight interest charges (swap rates) may be incurred on positions held overnight, and currency conversion fees may apply for accounts operating in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ICE FX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alex Johnson

London, UK

★ ★ ★ ★ ★

I tried to withdraw my funds after a few successful trades, but I faced significant delays. Customer support was unresponsive and I felt like I was being ignored. I eventually got a partial withdrawal, but it took weeks and a lot of frustration. Not a reliable experience.

Maria Gonzalez

Barcelona, Spain

★ ★ ★ ★ ★

I’ve been trading with ICE FX for over a year now and I’m very satisfied. The MT4 platform is user-friendly and the execution speed is impressive. I appreciate the range of instruments available, and the customer support has been quite helpful when I have questions.

David Smith

New York, USA

★ ★ ★ ★ ★

My experience with ICE FX has been terrible. I was unable to withdraw my earnings, and when I contacted customer support, they kept asking for more documentation. It felt like a scam. I won’t be trading with them again.

Lisa Chen

Sydney, Australia

★ ★ ★ ★ ★

Overall, my experience has been positive. The minimum deposit requirement is low, which is great for beginners. I found the demo account useful for practice. However, I did notice some delays in customer support responses, but they eventually resolved my issues.

United Kingdom Market