ICEPX Review – Investing Here Is Riskier Than Gambling

ICEPX broker is one of those completely anonymous expecting someone to trust them on their word. Luckily or unfortunately, traders learned it the hard way. Not to trust anyone that is not regulated. With potential headquarters in the United States, this company should comply with very strict laws.

But if that’s the case with this company, find it in our latest ICEPX review. We also invite you to check our ProfitiX and TigersFM reviews for a better understanding of how the trading world works. 

ICEPX Regulation and Fund Security

As shown above, the company presents itself as a US-based one. If that’s the case, the company must have a license issued by US regulators. For example CFTC, FINRA or NFA. Luckily for our readers, they now discover that ICEPX scam broker is not regulated at all. In fact, they are not regulated in any country where they claim to have offices. Starting with Singapore, Malta, Hong Kong, and Japan.

From this moment onwards, you know that everything presented by this scam broker is fictive. They are not obligated to comply with any laws. But in general, they can use that to their advantage to pretend to be a legitimate company. Actually, knowing that they are a crypto exchange it’s getting even worse.

Crypto transfers are generally anonymous and hardly traceable. Instead, you can find a broker with a Tier 1 license issued by CFTC, FCA, or ASIC. This way you can avoid headaches and have much stronger security.

Trading Software Overview

If you go to the trading room you will see a basic web-based trading software. Thus, the broker claims to offer Quadency. Which is indeed a trusted crypto exchange software. But what worries traders is that they can’t test it out. The company doesn’t offer a demo account, so you’ll have to trust this swindler. To make it worse, the company claims to provide mobile apps for Android and iOS devices.

However, once you want to download it you are not redirected to the official store. Instead, you get a QR code to scan without any additional information. Which is suspicious at best. Instead of being transparent and offering trusted software like Meta Trader or cTrader, this broker remains mysterious. We suggest you find Tier 1 licensed brokers to avoid any troubles here.

ICEPX Account Types

As alleged crypto-exchange, they don’t use account types as the motivating factor. Traders can decide how much they want to deposit, but nowhere is to be seen what is the minimum. For any reasonable investor, this is shady.

As shown above, the company doesn’t offer a demo account. So, the only way to test them out is to provide your personal details to this swindler and hope for the best. But with investment scams like this one, the best never comes. As we can see as well from ICEPX broker reviews.

Deposits and Withdrawals Procedure

As for the funding methods, you can only use wire transfers to purchase crypto. To be precise, Tether.  Since their withdrawal policy is quite unclear it’s not clarified what methods you can use for a withdrawal. The problem with wire transfer is that it’s irreversible. So as with any crypto transfer.

As per the company statement, they don’t charge any withdrawal fees. Thus, some ICEPX reviews say the complete opposite. It looks like this broker uses a standard non-existent fee scheme to extract more money.

How Is Fraud Carried Out?

The broker will lure traders everywhere. From social media platforms to marketing campaigns. But if you look at any legitimate trading company, they don’t have such adverts. They mainly have sponsorships which raise the trust level. On the other hand, scam broker like ICEPX has hard sales and they are not letting their prey unless they deposit or hang up. 

In general, everything is perfect until you want to withdraw the profits. Whether those are fictive or real, they usually make up reasons not to allow it. As we can see from ICEPX reviews, this broker uses non-existent fees. Once traders want to withdraw the profits, they should pay an extra 20% of the amount for clearance.

Whether you paid the money or not, your account gets frozen. Moreover, you can’t get in touch with them again.

ICEPX Summary

Overall, the company is not trusted at all. ICEPX scam broker doesn’t have any regulations. Moreover, they are not transparent. First in terms of ownership information. Second, in terms of trading software. But also not in terms of funding methods. Wherever you look you can find some discrepancies.

On the positive side, our fund recovery team is available for assistance. We can provide you with detailed guidance and step-by-step instructions to recover the funds. Primarily because our team uses CipherTrace software for tracking crypto transfer. Nobody is anonymous completely. Contact us now.

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