ICE MARKETS

ICE MARKETS is a retail forex and CFD broker operating under the trading name ICE Markets Limited. The company was founded on June 29, 2022, and is registered in Saint Lucia, though it conducts its business from the Comoros. It claims to have started its website in 2017 and brands itself as a 100% A-book broker, meaning all client trades are passed directly to external liquidity providers.

The broker targets retail traders who want access to forex, metals, commodities, and cryptocurrencies via the popular MetaTrader 4 platform. It offers three distinct account types: STP-Demo for practice, STP for standard trading, and STP-MA for managed account services. Despite its claims of regulation by Labuan FSA (Malaysia), our records show no valid regulatory status, and the broker's licence is listed as revoked.

According to our records, ICE MARKETS holds no active regulatory licences. The company itself claims supervision by the Labuan Financial Services Authority (Labuan FSA) in Malaysia, but aggregated industry data indicates that this licence has been revoked. The broker is registered in Saint Lucia, a jurisdiction not known for stringent financial oversight, and its physical address is listed in the Autonomous Island of Anjouan, Union of Comoros.

This lack of a credible regulator is a significant concern. Without oversight from a reputable authority such as the FCA, CySEC, or ASIC, client funds may not be protected by compensation schemes or independent dispute resolution. Traders should exercise caution and perform thorough due diligence before committing funds.

ICE MARKETS provides three account options: STP (minimum deposit $30, maximum leverage 1:300), STP-MA (minimum deposit $300, maximum leverage 1:100), and STP-Demo (no deposit required, leverage 1:100). The STP account is aimed at standard retail traders, offering a balance between low entry cost and high leverage. The STP-MA account is designed for traders who wish to attract external investments or manage third-party funds, while the demo account allows practice without financial risk.

Leverage levels are relatively high, particularly the 1:300 offered on the STP account, which can amplify both gains and losses. The broker does not appear to offer swap-free (Islamic) accounts or additional account types for professional clients. All accounts are denominated in USD and provide access to the same suite of instruments.

ICE MARKETS lists a total of 94 tradable instruments across four asset classes. This includes 44 currency pairs, 3 spot metals (typically gold, silver, and one other), 2 CFD commodities, and 45 cryptocurrencies. The emphasis on a large number of crypto pairs suggests that digital assets are a major focus for the broker, alongside traditional forex.

The broker exclusively uses MetaTrader 4 (MT4), a widely recognized trading platform known for its robust charting, automated trading capabilities, and extensive community support. MT4 is provided for desktop, web, and mobile devices. Execution is described as 'Instant Execution' for market orders and limit orders, with liquidity sourced via the Soft-FX aggregator.

Funding methods include direct USDT transfers (TRC-20 or BEP-20) with no fees, as well as cryptocurrency deposits via Bitcoin and Ethereum. The broker claims to fully compensate any payment system commission on crypto deposits. The minimum deposit for a trading account is $30, while the managed account requires $300.

Withdrawal policies are not extensively detailed on the website, but the broker promotes 'full compensation of commissions on every deposit' as part of its migration program. The limited payment options and reliance on cryptocurrency may be inconvenient for traders who prefer traditional banking methods such as credit cards or bank wires.

ICE MARKETS appears to target retail traders from emerging markets due to its unregulated status and cryptocurrency-friendly approach. The broker's high leverage and low minimum deposit make it accessible to small retail traders, while the managed account feature appeals to those looking to invest in others' trading strategies.

However, the absence of reliable regulation and the contradictory statements about its licensing history suggest that the broker may not be suitable for risk-averse traders or those requiring strict investor protection. Traders from jurisdictions with stringent regulatory requirements (e.g., the EU, UK, Australia) are unlikely to find this broker compliant with local laws.

Based on known facts, ICE MARKETS is an unregulated broker with an elevated risk score of 52/100 as assessed by FXCanary. It claims a regulatory licence from Labuan FSA, but this appears to be revoked. The company is registered in Saint Lucia but operates from the Comoros. It offers MT4 trading with up to 1:300 leverage on forex, metals, commodities, and cryptocurrencies.

Traders considering ICE MARKETS should be aware of the lack of regulatory oversight and the potential risks involved. We recommend verifying all information independently and considering only regulated brokers for capital protection.