Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ICE Markets Pros & Cons
- Fast order execution powered by modern infrastructure
- Broad market access, including traditional and digital assets
- Multiple account types catering to beginners and experienced traders
- Managed account services for passive income opportunities
- Several affiliate programs for partner earnings
- Support for multiple deposit and withdrawal methods, including cryptocurrencies
- Regular promotional campaigns and trading bonuses
- Malaysian regulation offers less stringent fund protection compared to top-tier jurisdictions
- Educational resources and market research tools are limited, especially for new traders
TU Expert Verdict
ICE Markets carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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ICE Markets User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of ICE Markets have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No deposit fee
- Above-average Forex trading fees
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Is ICE Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10ICE Markets has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.2 /10ICE Markets offers the following account options: Demo, Standard, VIP, Managed.
However, ICE Markets does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Demo account
- Exclusive VIP account with enhanced trading conditions
- Standard account with balanced trading conditions
- No Cent account
- No ECN/Raw spread account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10ICE Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.3 /10ICE Markets offers a limited selection of trading assets compared to the market average. The platform supports 94 assets in total, including 44 Forex pairs.
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Trading Account Opening
We successfully registered an account with ICE Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ICE Markets is $30.Score:We evaluated Trading Account Opening at ICE Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at ICE Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.2 /10
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FAQs
What do safety reviews say about regulation and investor protection at ICE Markets?
ICE Markets has a safety score of 3.7/10, which corresponds to a low security level in the reviewed methodology. The broker is regulated by the Anjouan Offshore Finance Authority (AOFA), a Tier-3 regulator from the Union of the Comoros, and there is no publicly disclosed statutory investor compensation scheme on its site. Negative balance protection is not provided, while KYC verification is mandatory and the foundation date is not specified in the review.
How are trading commissions and non-trading fees structured at ICE Markets?
According to the review, ICE Markets has been rated as having high overall fees, with a commissions and fees score of 4/10. Standard account spreads are floating, with typical EUR/USD spreads ranging from 0.2 to 0.6 pips and GBP/USD from 0.4 to 0.7 pips, and the broker does not offer RAW/ECN accounts. Non-trading fees include no deposit fee, but withdrawal fees of 1–2.5% or about $25, while an inactivity fee is not specified.
What account types and trading conditions does ICE Markets provide?
ICE Markets offers Demo, Standard, VIP, and Managed accounts, and the review notes the absence of ECN/Raw spread and Cent accounts. The STP account has market execution, leverage up to 1:300, and a $30 minimum deposit, while the STP-MA account for fund managers and investors has a $300 minimum deposit and leverage up to 1:100. The STP-Demo account operates in a simulated environment with fixed 1:100 leverage and uses Instant Execution for market and limit orders.
How do reviews describe the account opening process at ICE Markets?
The review states that opening an account with ICE Markets is fully online and was completed in about 20 minutes, with KYC verification taking around 2 business days. The minimum deposit is $30, and the process involves registration, document verification, choosing an account type, and funding the account. It is described as one of the more accessible onboarding procedures, although registration and approval times may vary depending on documentation.
What feedback is available on ICE Markets customer support hours and contact options?
The review indicates that ICE Markets customer support has a safety score of 6.2/10, with response speed and service quality varying depending on the request. Live chat is available 24/5 on weekdays and from 08:00 to 23:00 (EET) on weekends, while phone support operates daily from 08:00 to 22:00 (EET). Support can be reached via phone, website chat, email, Skype, and a callback request form, but access is more limited on Saturdays and Sundays and messengers are not used.
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