ICE Futures Review
ICE Futures is part of Intercontinental Exchange, the NYSE listed group that runs futures exchanges. It is a market operator, not a retail broker you sign up with.
Min Deposit
N/A
Spreads From
Not applicable, exchanges list contracts, they do not quote broker spreads
Max Leverage
Not applicable, leverage terms depend on the broker used to access ICE markets
Platforms
ICE Futures U.S., ICE Futures Europe
Pros
- Parent company of the New York Stock Exchange since 2013
- Home of Brent Crude, a global oil price benchmark
- ICE Futures U.S. traces its roots to the 1870 Cotton Exchange
- Regulated as an exchange by both the CFTC and the FCA
Cons
- Fined 3 million dollars by the CFTC in 2015 for years of bad data
- Not a broker, so you cannot open a trading account here directly
- You still need a separate regulated broker to trade its contracts
Jeffrey Sprecher bought a failing electronic energy exchange from a Warren Buffett owned utility for 1,000 dollars in 1997, then refounded it as Intercontinental Exchange in Atlanta in 2000. It later bought the International Petroleum Exchange, renamed ICE Futures Europe in 2005, and in 2013 bought NYSE Euronext for about 11 billion dollars.
ICE Futures U.S. traces its roots to the 1870 New York Cotton Exchange, while ICE Futures Europe is home to Brent Crude, a global oil price benchmark. Together they list futures on energy, farm goods, stock indexes, currencies, and fixed income. These are exchanges, not brokers, so a trader still needs a separate broker to place an order.
ICE Futures U.S. is regulated by the CFTC as a designated contract market, and ICE Futures Europe answers to the FCA in London. In March 2015, the CFTC fined ICE Futures U.S. 3 million dollars after finding it sent inaccurate trading data for at least 20 months, slow to fix it even after repeated warnings.
Max Leverage
Not applicable, leverage terms depend on the broker used to access ICE markets
Spreads From
Not applicable, exchanges list contracts, they do not quote broker spreads
Platforms
Regulators
- CFTC (USA)
- FCA (UK)
- SEC (USA)
