ICE Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.ice-markets.com/auth/sign-up#reg-individual, about the company's legal and temporary regulatory information, the company's address Hamchako, Mutsamudu, Autonomes Island of Anjouan Union of Comoros.
ICE Markets Forex Broker
Basic Information
Saint Lucia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Malaysia Straight Through Processing (STP) Revoked High potential riskCompany profile
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ICE Markets Broker - Complete Information Guide
1. Broker Overview
ICE Markets, officially known as ICE FX Markets Limited, was established in 2018. The broker is headquartered in Malaysia and operates under a private ownership structure. ICE Markets primarily serves retail and institutional clients across various global markets, providing access to a range of trading instruments, including foreign exchange, commodities, indices, and cryptocurrencies.
The company has made significant strides since its inception, focusing on enhancing its trading platform and expanding its product offerings. Key milestones in its development include the introduction of various account types tailored to different trading strategies and the incorporation of advanced trading technologies to improve execution speed and reliability.
ICE Markets operates as a non-dealing desk broker, which means it facilitates trades directly in the market without taking the opposite side of client positions. This model aims to provide transparent trading conditions and minimize conflicts of interest. Overall, ICE Markets has positioned itself as a competitive player in the online trading landscape, appealing to both novice and experienced traders.
2. Regulation and Compliance Information
ICE Markets is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, holding the license number MB/15/0007. The broker adheres to the regulatory requirements set forth by LFSA to ensure fair trading practices and protect client interests.
The regulatory license is valid for an indefinite period, subject to compliance with LFSA's ongoing requirements. ICE Markets operates under the legal entity of ICE FX Markets Limited, which is fully compliant with the jurisdiction's laws.
Client funds are maintained in segregated accounts to ensure their safety and are fully insured, providing an additional layer of security. The broker also implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraud and ensure the integrity of its operations.
3. Trading Products and Services
ICE Markets offers an extensive range of trading products, catering to diverse trading needs. The broker provides access to over 36 currency pairs, including major, minor, and exotic currencies. In addition, clients can trade a variety of CFDs across different asset classes:
- Indices: Major global indices, allowing traders to speculate on market movements.
- Commodities: Including precious metals like gold and silver, as well as energy products.
- Stocks: CFDs on shares from major companies, enabling investors to trade equity markets.
- Cryptocurrencies: A selection of popular digital currencies for speculative trading.
The broker is committed to regularly updating its product offerings, ensuring clients have access to the latest market trends and instruments. ICE Markets also provides retail trading services, enabling individual traders to engage in the financial markets with competitive conditions.
4. Trading Platforms and Technology
ICE Markets supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their robust features and user-friendly interfaces. These platforms allow traders to execute trades, utilize automated trading strategies, and perform technical analysis with a variety of indicators.
In addition to the traditional desktop versions, ICE Markets offers a web-based trading platform that enables traders to access their accounts from any device with internet connectivity. Mobile applications for both iOS and Android are also available, providing flexibility for trading on the go.
The broker operates on an ECN (Electronic Communication Network) model, ensuring direct market access and fast execution speeds. ICE Markets has established its servers in strategic locations to minimize latency and enhance trading performance. The integration of API access allows for automated trading solutions, catering to algorithmic traders seeking efficient execution.
5. Account Types and Trading Conditions
ICE Markets offers several account types to accommodate different trading styles and preferences:
- Standard Account: Requires a minimum deposit of $200, with spreads starting from 1.0 pips and no commissions.
- Raw Spread Account: Also requires a minimum deposit of $200, with spreads starting from 0.0 pips and a commission of $3.00 per trade.
- Islamic Account: Available for traders who require a swap-free option, compliant with Sharia law.
The leverage offered by ICE Markets varies based on the account type and the underlying asset, with a maximum leverage of 1:100. The minimum trade size is set at 0.01 lots, allowing for flexible trading strategies. Additionally, the broker has a transparent overnight fee policy, providing clarity on the costs associated with holding positions overnight.
6. Fund Management
ICE Markets provides a variety of funding options to facilitate deposits and withdrawals. Clients can choose from several methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-wallets (such as PayPal and Skrill)
The minimum deposit requirement is $200, applicable across all account types. Deposits are processed instantly for most methods, while bank transfers may take longer, typically 2-5 business days. ICE Markets does not charge any fees for deposits or withdrawals, ensuring a cost-effective trading experience.
Withdrawals can be made through the same methods as deposits, with processing times generally ranging from up to 24 hours for e-wallets to 3-5 business days for bank transfers. The broker maintains a transparent fee structure, with no hidden charges for transactions.
7. Customer Support and Educational Resources
ICE Markets offers comprehensive customer support to assist traders in their trading journey. Support channels include:
- Live Chat
- Phone Support
The customer service team is available 24/7, ensuring prompt assistance across different time zones. ICE Markets provides multilingual support, catering to a diverse clientele.
In addition to customer support, the broker offers a range of educational resources, including webinars, tutorials, and e-books. Market analysis services are also available, providing clients with daily insights and updates on market trends. Various trading tools, such as calculators and economic calendars, are offered to enhance the trading experience.
8. Geographic Coverage and Restrictions
ICE Markets primarily serves clients from Malaysia and other regions where it is legally permitted to operate. The broker has established a regional presence to cater to its diverse customer base. However, certain countries are restricted from opening accounts, including:
- United States
- Canada
- Iran
- North Korea
The broker adheres to regulatory requirements in the jurisdictions it operates, ensuring compliance with local laws. ICE Markets is committed to providing a transparent trading environment while maintaining its focus on client security and satisfaction.
In conclusion, ICE Markets broker stands out as a competitive option for traders seeking a reliable and regulated trading environment. With a diverse range of products, advanced trading platforms, and a commitment to customer support, ICE Markets is well-positioned to meet the needs of both novice and experienced traders in the financial markets.