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No Regulation
Score
1.43 /10
Danger
ICE Markets
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
Malaysia Straight Through Processing (STP) Revoked
High potential risk
Influence
D
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.37
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2025-09-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- MalaysiaLFSA (license number: MB/15/0007) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
| ICE Markets Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Comoros |
| Regulation | LFSA (Revoked) |
| Market Instruments | Forex, metals, commodities and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:300 |
| Spread | From 0.0 pip |
| Trading Platform | MT4 |
| Minimum Deposit | $30 |
| Customer Support | Live chat |
| Email: support@ice-markets.com | |
| Phone: +44 20 8089 7867 | |
| Regional Restriction | the United States of America, Canada, Israel, New Zealand, Iran and North Korea |
ICE Markets Information
ICE Markets Limited, which does its business from the Comoros, started its website in 2017. It calls itself a 100% A-book broker that does deals with other parties and lets you trade forex, metals, commodities, and cryptocurrencies using MetaTrader 4. It is regulated by LFSA in Malaysia, but the status is revoked.
Pros and Cons
| Pros | Cons |
| Access to multiple markets | Revoked regulation status |
| MetaTrader 4 available | Regional restriction |
| Popular payment options | |
| Promotions offered |
Is ICE Markets Legit?
ICE Markets was previously regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, with License No. MB/15/0007 and a Straight Through Processing (STP) license. However, its regulatory status is been revoked.
What Can I Trade on ICE Markets?
ICE Markets offers self-trading in five asset classes with 94 products. These comprise 44 currency pairings, three metals (e.g., gold, silver), two CFD commodities (most likely oil products), and 45 cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types
The ICE Markets website offers two real account types and a practice account. There is no mention of an Islamic (swap-free) account.
| Account Type | Commission | Minimum Deposit | Leverage |
| STP | 0.0025 %–0.25 % per side | $30 | Up to 1:300 |
| STP‑MA | 0.004 %–0.006 % per side | $300 | Up to 1:100 |
| STP‑Demo | 0.0025 %–0.25 % per side | None (demo) | Fixed 1:100 |
Leverage
ICE Markets uses a Straight-Through-Processing (STP) mechanism to provide leverage on live accounts. The STP account offers floating leverage from 1:1 up to 1:300, while the STP-MA managed account offers 1:1 up to 1:100. The STP Demo account is fixed at 1:100. High leverage allows traders to handle larger positions with a relatively modest capital outlay, amplifying possible profits. However, it also amplifies losses.
ICE Markets Fees
ICE Markets provides affordable trading fees, particularly for FX and cryptocurrency assets. Commission rates are relatively modest as compared to industry standards, ranging from 0.0025% to 0.25%.
| Account | Commission (per side) |
| STP | 0.0025 %–0.25 % |
| STP‑MA | 0.004 %–0.006 % |
| STP‑Demo | 0.0025 %–0.25 % |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | Windows/macOS/mobile | Beginners |
| MetaTrader 5 (MT5) | ❌ | / | Experienced traderes |
Deposit and Withdrawal
ICE Markets does not impose fees for deposits and often reimburses payment system expenses (e.g., for cryptocurrency deposits). The minimum deposit for a live STP account is $30, whereas a STP-MA account requires $300.
| Deposit Method | Minimum Withdrawal | Fees | Processing Time |
| USDT (ERC‑20/BEP20) | No stated minimum | 0 % (network fee only) | 1 business day |
| Bitcoin (BTC) | $60 | 0 % (3 % payment‑system fee reimbursed) | Instant |
| Ethereum (ETH) | $50 | 0 % (3 % payment‑system fee reimbursed) | Instant |
| Withdrawal Method | Minimum Withdrawal | Fees | Processing Time |
| USDT (ERC‑20) | $105 | 1 % (min $25) | Up to 3 business days |
| Skrill | $10 | 1 % (min €6) | Up to 3 business days |
| NETELLER | $10 | 1 % (min $1) | Up to 3 business days |
| Payeer | $10 | 1.5 % | Up to 3 business days |
| Perfect Money | $10 | 2.5 % | Up to 3 business days |
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