There’s no doubt that ICEPX is a crypto trading scam. You must avoid this fraudulent broker at all costs because otherwise, you will lose your funds!
In the ICEPX Review, we compiled the most important aspects and information we could gather from the phony broker’s website. Learn how this fraud concealed the scam by presenting the website as a trading platform.
There’s scarce information about the legal background of ICEPX or the broker’s regulation. In Privacy Policy, we read that this brokerage is allegedly based in New York, US. There are also claims about San Francisco and international offices in Japan, Korea, Singapore, Malta, and Hong Kong.
We immediately checked the registers of the US FINRA and NFA, the regulatory authorities, to find out whether this claim was true. Unsurprisingly, it’s not so ICEPX is not a legitimate US broker but rather an anonymous trading scam.
Just to make sure, we checked the databases of Singapore’s MA, Hong Kong’s SFC, Japan’s FSA, and some European regulators that operate under the jurisdiction of the European Securities and Markets Authority (ESMA) and still got nothing.
Try to find a reliable and even more importantly, a legal broker with a valid trading license. We suggest a provider regulated by Tier 1 authorities such as the CFTC, FCA, ASIC, MAS, IIROC, etc.
ICEPX has three countries on its radar. Since December 2022, this anonymous fraudster has been targeting traders from these three countries:
We have already debunked ICEPX’s claim of being a legit US-based broker. And we also mentioned that this entity does not possess a MiFID passport necessary to provide trading services across the EEA zone, meaning Germany is off-limits to ICEPX.
We first checked whether ICEPX’s website domain was reliable, i.e. the date of creation, number of visits, etc. The webparanoid.com site tells us that ICEPX’s domain is most likely a scam.
Moreover, we found a complaint against the broker on scamadviser.com. Relatively recently, this unfortunate victim of the ICEPX scam pointed out withdrawal issues, fake promises, and poor communication.
Be careful, they attract you with great profit for mining and found financing and when you try to withdraw USDT they block you and ask 20% extrapayment out of your total founds in order to unblock you the founds from the account.
ICEPX claims to offer Quadency, a multi-exchange crypto asset management platform. The fraudster did some homework as Quadency is an exclusively crypto platform. Allegedly, there is also a mobile trading platform available for Android and iOS.
Yet, ICEPX is unlicensed, rendering any kind of platform risky and dangerous. Since there is no demo account, we were not able to check out whether ICEPX really offers this platform or not.
We do know for sure that ICEPX does not support renowned trading platforms such as MetaTrader 4, MetaTrader 5, SiriX, or cTrader.
ICEPX offers a total of 18 crypto assets for trading against US Tether. Among these cryptocurrencies, there are popular choices as well as more exotic options:
Crypto trading is risky per se since the crypto market is especially volatile. Plus, the whole concept of crypto assets and trading is not sufficiently regulated.
No, and that’s a huge problem. ICEPX does not offer a risk-free demo account for trial trading. Thus, we were unable to check the con artist’s trading platform.
On the registration page, we found a form that includes an invitation code. Our assumption is that the scammer sends this code to those considered potential victims.
According to ICEPX’s withdrawal rules, the only available payment method seems to be US Tether. The shady website offers you to buy this crypto coin via wire transfer.
ICEPX charges “zero fees for purchases and redemptions”. The minimum deposit is unknown. The problem with crypto deposits is that they are extremely hard to trace.
Crypto transactions allow the actors to remain anonymous, which is why scammers prefer this type of payment.
If you have evidence that ICEPX violated any terms and conditions, feel free to notify our team about the whole scam. You can also write a complaint on one of the forums and warn fellow traders.
If you lost money to this scam, Global Fraud Protection can help you get it back. Our experts specialize in using CipherTrace, an advanced crypto-tracing software.
If this broker steals your money, contact us for help. To book a free consultation with us in the easiest and fastest way, use Online Chat.
No. ICEPX is an anonymous crypto trading scam with no trading license. Please avoid this website at all costs. Call us if you need help.
ICEPX offers only crypto trading. There are 18 crypto assets available, traded against USDT.
ICEPX claims to offer a mobile trading app for both Android and iOS operating systems.
No. ICEPX is an anonymous crypto trading scam with no trading license. Please avoid this website at all costs. Call us if you need help.
ICEPX offers only crypto trading. There are 18 crypto assets available, traded against USDT.
ICEPX claims to offer a mobile trading app for both Android and iOS operating systems.
The post Read the ICEPX Review and Avoid This Trading Scam appeared first on Global Fraud Protection.
