Ice-FX: reputation and reality

Ice-FX strives for transparent relationships with traders and offers convenient cooperation conditions. According to their information, the company has been operating since 2015 and has a reviews section on their website, which are usually positive. However, there is an ambiguous reputation of this company online. Former clients complain about the inability to withdraw funds from the platform, accusing Ice-FX of fraud. Let’s look into what the brokerage organization is truly concealing.

Inspection of Ice-FX Website

According to the website, Ice-FX started its operations in 2015, but reviews about the company only appeared in 2021, which may raise suspicions. Domain history check revealed that the actual start of the company’s operations coincides with this time. Information about the broker’s significant experience was doubted.

The company provides information about its top managers, but the contact information raises doubts. Some sources point to fraudulent activities associated with phone calls, spam, and intrusive offers.

Data on Ice-FX

Ice-FX claims to have Malaysian roots, managed by Ice Markets Limited. The legal address in an offshore zone and reference to Labuan FSA confirm the official position, but the absence of a license raises doubts. When selecting a financial agent, attention should be paid to compliance with legal requirements.

Register in the Unified State Register of Legal Entities.
Become a member of a Self-Regulatory Organization.
Be listed in the Bank of Russia’s Licensees Register.

Under the guise of legality, Ice-FX is not represented on any of the specified platforms, causing considerable distrust towards their activities and intentions.

Ice-FX’s Place in the Financial Market

Ice-FX promises to operate on an A-book model and offers trading opportunities with various assets, including currency pairs, metals, and CFDs on cryptocurrencies and commodities. The account types they offer have their own characteristics and risks to be aware of:

“STP-Demo”: a demo account with no deposit requirement, with a commission ranging from 0.0025 to 0.25%.
“STP”: an account with a minimum deposit of 30 dollars, promising flexible leverage and risk management.
“STP-US”: a hybrid account with earning potential, requiring a deposit of at least 300 dollars.

Ice-FX also offers an affiliate program with attractive conditions, usually attracting beginners and leveraging trust in positive reviews.

Reviews and Exposures

Reviews of Ice-FX often emphasize clients’ negative experiences, who have become victims of fraud. The scammers of the company attract clients with an aggressive marketing strategy, promising high payouts and offering to invest in their services. Those who start asking questions are threatened with termination of cooperation and account suspension, refusing to take responsibility for losses.

Conclusions on Ice-FX

Ice-FX tries to conceal its fraudulent practices behind an attractive facade. However, reality shows that it is an unserious company that uses false promises to enrich themselves at the expense of people’s trust. The history of fraud of this platform is confirmed by real clients’ reviews, who are willing to fight against scammers by leaving them and demanding compensation for losses.