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ICE Markets is a forex broker located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
ICE Markets accepts clients from all over the world, excluding USA, Malaysia and countries included in the FATF's blacklist.
Forex broker offers the following underlying assets for trading.
| 35+ Currency Pairs | Based on major and minor world currencies. |
| 5 Crypto Pair | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
Formed in 2015 and headquartered in Malaysia’s offshore jurisdiction Labuan, ICE Markets (formerly known as ICE FX) is a forex broker that offers relatively high leverage and trading in the most popular assets among retail traders.
A nice thing to note about ICE Markets is how this broker is working to bridge the gap between traditional forex trading, and the emerging world of crypto trading and decentralized finance (DeFi). According to a roadmap published on ICE Markets’ website, the company is working to set up its own crypto exchange and liquidity provider sometime in 2022. Further, it plans to add the option of depositing crypto without having it converted to fiat currency in 2023, while the development of a dedicated DeFi solution is scheduled for 2024.
In terms of trading instruments that are available as of today, ICE Markets supports only 5 crypto pairs, around 35 forex pairs, as well as CFDs based on gold, silver and oil.
With this being the entire selection, it’s no secret that ICE Markets has a relatively small selection of instruments, and that many other brokers have much broader offerings. Still, for traders who primarily trade the major FX pairs or cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), ICE Markets’ offering should suffice.
All of the instruments offered by ICE Markets can be traded on MetaTrader 4 (MT4), which is the only trading platform supported by this broker. But even though MT4 is a relatively old trading platform by now, the platform remains extremely popular in the forex trading community. Among other things, this is thanks to the platform having one of the largest selections of algorithmic trading strategies and technical indicators of any platform.
As usual, MT4 is available in downloadable versions for Mac and Windows computers, as well as in mobile versions for Apple and Android devices.
Before signing up as a new client with ICE Markets, it’s time to choose an account type. With this broker, there are basically only two types of trading accounts to choose from, in addition to a demo account:
– STP account, with a $30 minimum deposit and commissions from 0.0025%
– Managed STP account (STP-MA), with a $300 minimum deposit and commissions from 0.004%
Among these, the standard STP account is an ideal choice for beginners, while the Managed STP account is intended more for professional traders who are also managing money for others.
To fund a trading account with ICE Markets, clients can use either major credit and debit cards, international bank transfer, the e-wallets Skrill and Neteller, or the cryptocurrencies Bitcoin, Ethereum and Tether (USDT). The broker does not charge any fees to process deposits, but charges between 0% and 3% in fees for withdrawals, depending on which method is used.
To reach ICE Markets’ customer support, clients can use email, live chat, Skype, or call the broker directly via a UK phone number. The broker’s support team is available via phone every day from 08:00 to 22:00 EET (05:00 to 20:00 UTC).
In conclusion, it should be mentioned that ICE Markets is a pretty small player in the forex trading industry. However, it is impressive that the company has been around since 2015, and this is certainly something that adds to its credibility in the eyes of potential customers. We like that the broker has made it easy to contact its support team via phone, and appreciate the efforts to keep the support team staffed every day of the week.
