ICE FX vs LonghornFX

ICE Markets or LonghornFX – which is better for UK traders 2024? Compare ICE Markets and LonghornFX in this detailed breakdown of their platforms, features and fees.

ICE Markets vs LonghornFX Comparison Table 2024

ICE Markets	LonghornFX
2	3
ICE Markets is ranked #97 among CFD brokers.	LonghornFX is ranked #79 among CFD brokers.
Review	Review
ICE FX is a global STP broker with access to MetaTrader 4 and CFD trading in four major asset classes: forex, crypto, precious metals and energies. The offshore brokerage offers competitive trading fees, 24/5 customer support and a loyalty scheme for active investors.	LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.
Pros
Tier-based loyalty scheme with access to a free VPS and interest rate payments on uninvested balances Access to the MT4 desktop, web and mobile platform with powerful analysis and customizable charting Low fees with tight spreads from 0 pips, commissions between 0.0025% and 0.25% Reliable customer support available 24/5 via phone, live chat, Skype and email Hybrid PAMM/MAM account with low commission fees from 0.004% Range of payment methods including cryptocurrency Fast STP execution speeds of less than 1 ms	True ECN broker MetaTrader 4 platform Multiple asset classes Flexible leverage up to 1:500 Customer support is available 24/7 Integrated step-by-step user videos Demo account with unlimited virtual funds
Cons
Offshore regulation from the Labuan Financial Services Authority (Labuan FSA) raises safety concerns Very slim product portfolio with only 75 instruments and no stocks No education for beginners	Unregulated No copy trading Only one account type Bitcoin withdrawals only No bonuses or financial incentives
Awards
	Best Newcomer Broker - 2020 Best New Forex Broker - 2020
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$30	$0
Payment Methods
Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
Labuan FSA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
No	Yes
DMA Account
Yes	Yes
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD	USD EUR GBP
Commodities
	Oil Gold Silver Natural Gas Palladium Platinum
CFD
75 CFDs are available on foreign exchange, UK and US oil, precious metals and cryptocurrencies. You can trade CFDs with STP execution and a low minimum order size of 0.01 lots.	Trade a decent range of markets via CFDs, with commissions of $6 per lot. There is also a reasonable $10 minimum deposit and 24/7 customer support for new traders.
Leverage
1:300	1:500
FTSE Spread
N/A	7.7
GBPUSD Spread<
1.0	1.4
Oil Spread
0.5	0.8
Stocks Spread
N/A	Variable
Forex
Trade 36 major, minor and exotic currency pairs with ICE FX. Leverage up to 1:300 is available and spreads start from 0.0 pips on popular currency pairs.	Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access market-leading forex tools in the MT4 platform, including customisable forex charts and algorithmic trading.
Assets
36	55+
GBPUSD Spread
1.0	1.4
EURUSD Spread
0.8	0.6
EURGBP Spread
1.3	1.5
Cryptocurrency
Trade five crypto CFD contracts 24/7 including the BTC/USD and ETH/USD. Leverage up to 1:10 is available alongside floating spreads. On the downside, the range of digital currencies trails the top crypto brokers.	An impressive selection of 35 crypto pairs are on offer, including BTC/USD and DOGE/USD. There is also high leverage up to 1:100 for experienced crypto traders, which is more than you will find at most competitors.
Spread
Floating	Variable
Coins
BCH BTC ETH LTC XRP	BTC DASH ETH LTC BCH XRP NEO IOTA
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
ICE Markets	LonghornFX
Review	Review
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