Forex ICE Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

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 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

ICE Markets Trading Conditions

Registered Region Saint Lucia

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@ice-markets.com

Contact Number +442080897867

Website ice-markets.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including 44 currency pairs and multiple cryptocurrencies
Accessible minimum deposit of $30 for account opening
Competitive trading fees with low commission rates
Multiple trading platforms including MT4 for enhanced trading experience
Flexible leverage options up to 1:300 available for STP accounts

Cons

Not regulated by any recognized financial authority
Limited trading instruments with no stocks or ETFs
Absence of advanced educational resources for traders
Potential inactivity fees and overnight interest charges
Limited customer support availability and no multilingual options

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ICE Markets	Fintrix Markets	Wisdom Financial Service	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Lucia	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	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ICE Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
STP Account	Retail traders	Floating leverage up to 1:300, low commission	Minimum deposit of $30
STP-MA Account	Experienced traders	Managed account with lower leverage up to 1:100	Minimum deposit of $300 required
STP Demo Account	Beginners and practice traders	Fixed leverage at 1:100	Ideal for testing strategies without risk

Account Opening Process

To open an account with ICE Markets, traders must submit personal information, including identity verification documents such as an ID and proof of address. Additionally, employment and financial information may also be required. The process allows for flexibility, enabling users to upgrade to a professional account if desired at a later stage.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0.0025 – $0.25	Tight spreads for major pairs
CFDs (Commodities)	Variable	$0.004 – $0.006	Standard rates apply
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

ICE Markets does not impose fees for deposits and often reimburses costs associated with payment systems. However, users should be mindful of potential inactivity fees and overnight interest (swap rates). Currency conversion fees may also apply when trading 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 Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Sarah Thompson

New York, NY

★ ★ ★ ★ ★

I faced significant delays in processing my withdrawal request. It took over a week to receive my funds, which was frustrating. Customer support was slow to respond to my queries as well.

Michael Chen

Toronto, Canada

★ ★ ★ ★ ★

I appreciate the range of trading instruments offered by ICE Markets, especially the cryptocurrency options. The MT4 platform is user-friendly, and my trades execute quickly. Overall, a good experience so far.

Emily Carter

London, UK

★ ★ ★ ★ ★

Completely dissatisfied with my experience. The lack of regulation makes me uneasy, and I had trouble with their customer support when I needed assistance. I do not recommend this broker.

David Robinson

Sydney, Australia

★ ★ ★ ★ ★

Excellent broker! The low minimum deposit allowed me to start trading easily. The spreads are competitive, and the available account types cater to different trading levels. I’m very happy with ICE Markets.

Saint Lucia Market