ICE FX Review
In 2015, ICE FX was launched as an online financial services provider that provides traders with the MetaTrader 4 trading platform for trading more than 63 trading instruments across 5 asset classes, such as forex, metals, indices, commodities, and cryptocurrencies. Apart from trading opportunities, ICE FX also offers a functional investment platform for investing in managed accounts.
ICE FX Review, Pros & Cons
- MetaTrader 4 trading platforms
- A range of trading tools
- Multiple financial instruments
- A selection of educational resources
- Various account funding options
- Limited regulation
- Located offshore
- No USA clients
- Not the tightest spreads
- No MetaTrader 5 trading platforms
In this detailed ICE FX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ICE FX Overview
Operating from Malaysia, ICE FX is an online trading broker that offers over 63 trading instruments across 5 different asset classes for online trading via the MT4 trading platform. They operate the STP execution model whilst offering multiple account options to suit traders’ needs.
ICE FX Regulation
ICE FX is registered with the Labuan Financial Services Authority with the registration number: LL12180 and License number: MB/15/0007U0064.
ICE FX Countries
The broker permits traders from different parts of the world to open a trading account with them if their countries of residence permit online trading with international brokers.
Some ICE FX features and products mentioned within this ICE FX review may not be available to traders from certain countries because of legal restrictions.
ICE FX Platforms
The broker provides traders with the MetaTrader 4 (MT4) trading platform, which was developed in 2005 by MetaQuotes. MT4 is considered by many as one of the best trading platforms for forex and CFD trading due to its wide functionality and intuitive interface. The platform is packed with a range of analytical tools and supports automated trading through the use of expert advisors.
ICE FX provides the MT4 platform as an installable desktop application for Windows and Mac computers, a web version that requires no installation, and a mobile app that is designed for Android and iOS devices. The mobile app can be downloaded from the respective app stores.
ICE FX Trading Tools
Traders are provided with a range of useful trading tools in addition to those built into the MetaTrader 4 trading platform. They include some risk management tools, VPS, Tradebox, and more.
ICE FX Education
The News section contains updates on the latest happenings in the financial markets, while the Help section is packed with a wide range of trading articles to enhance traders’ knowledge and skills.
ICE FX Instruments
ICE FX offers online trading of more than 63 trading instruments across 5 asset classes, such as forex, metals, indices, commodities, and cryptocurrencies.
ICE FX Accounts & Fees
The broker offers the following account options to traders to suit the trading needs of all types of traders:
This account type is designed to provide customers with the best possible prices at the moment. It is denominated in USD and has a required minimum deposit of $30.
STP MA Accounts
This is a modification of the STP Account and is intended for the management of investors’ funds. Functionally, it is a hybrid of PAMM, LAMM, and MAM technologies and cannot be fully categorized into any of these groups as there is a certain set of functions and features required of it. It requires the least deposit of $300 to begin trading.
STP Demo Accounts
This stimulates an STP account without the need to deposit real money. It is basically for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this ICE FX review. It is imperative to ensure that you check and understand all of the latest information before you open an ICE FX broker account for online trading.
ICE FX Support
The broker’s customer support can be reached via telephone, email, Skype, and Live chat.
ICE FX Deposit & Withdrawal
The following payment methods are available for deposits and withdrawals at ICE FX:
- Bank transfer (SWIFT)
- Credit/Debit Cards, such as Visa and MasterCard
- Electronic Payment Systems, including Neteller and Skrill.
ICE FX Account Opening
To open an account, click on the ‘Open an Account’ button, fill out the form accurately, and submit. Once your account has been approved, you can fund your account and begin trading online only once you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
ICE FX Summary
ICE FX is an online trading broker that was established in 2015 in Malaysia. They offer a range of tradable instruments via the intuitive MT4 trading platform. Traders are also provided with some trading tools, educational resources, and a client support team.
Marginal trading is held in foreign exchange markets because of significant risks that may lead to partial or complete loss of capital.