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Exness vs IC Markets
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Updated:
Compare Exness vs IC Markets Side by Side
Choosing between Exness vs IC Markets to determine which Broker better suits your trading needs? We made a detailed comparison between Exness Review and IC Markets Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | Exness | IC Markets |
|---|---|---|
| Website | //www.exness.com | //www.icmarkets.com |
| Founded year | 2008 | 2007 |
| Headquarter | Cyprus | Australia |
| Licenses | FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA | Australia, Cyprus, Seychelles |
| Minimum Deposit | USD$ 10 | 200 US$ |
| Trading Platforms | MT4, MT5, Exness Terminal, Exness Trading App | cTrader, MT4, MT5 |
| Eurusd avg Spread | 1.2 pips | 1 pip |
Licenses
| Feature | Exness | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both Exness vs IC Markets are highly reputable brokers with years of experience in the forex industry, both are regulated by top-tier regulators ensuring the integrity and safety of forex trading. Exness operates under the regulation of FCA, while IC Markets falls under the purview of the ASIC. It’s worth noting that both the FCA and ASIC are equally trusted authorities when it comes to regulatory supervision.
Additionally, these brokers maintain international subsidiaries to provide their services on a global scale, catering to traders around the world.
Broker Types
| Feature | Exness | IC Markets |
|---|---|---|
| Broker types |
|
|
Exness operating as a hybrid STP and ECN Brokers, has established a distinct presence in the fiercely competitive trading landscape. Their commitment to rapid and effective order execution has garnered them praise and unwavering trust from their client base.
Trading Conditions
| Feature | Exness | IC Markets |
|---|---|---|
| Trading Conditions |
|
|
Exness vs IC Markets are very similar in terms of conditions, they are both beginner-friendly brokers offering high leverage, tight spreads, automated trading, hedging, scalping, and social trading. Exness stands out with commission options, zero spreads, and robust copy trading. In contrast, IC Markets emphasizes low spreads and fixed spread accounts, presenting competitive pricing alternatives. Both brokers support expert advisors and cater to traders with diverse preferences.
Fees & Commissions
| Fees & Commissions | Exness | IC Markets |
|---|---|---|
| Inactivity Feemonth | $0 | 0 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $0 | 0 $ |
| Rollover fee eurusd buy 1 lot | - | -0.62 |
| Rollover fee eurusd sell 1 lot | −0.65131 | 0.41 |
| Avg Eurusd standard acc | 1.2 pips | 1 pips |
| Gold | 0.3 | 1 |
| Brent oil | 4 pips | 5 pip |
| Bitcoin | 29 | 42.036 |
Exness appears to offer more favorable trading costs in contrast to IC Markets. Exness provides spreads that are in line with industry norms, whereas IC Markets’ spreads are slightly lower. Furthermore, both brokers do not impose additional non-trading fees.
Account Types
| Feature | Exness | IC Markets |
|---|---|---|
| Account types |
|
|
IC Markets account options are more diverse than what Exness offers, Although both brokers offer Standard Accounts and Swap Free accounts, IC Markets goes further with offering a micro account for lower-volume trades and a number of different account types for different trading needs and expertise.
Markets & Instruments
| Markets & Instruments | Exness | IC Markets |
|---|---|---|
| Forex | 100 | 60 |
| Indices | 10 | 23 |
| Commodities | 6 | 19 |
| Cryptocurrencies | 27 | 10 |
| Shares | ❌ | 120+ |
| Bonds | ❌ | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | ❌ | ❌ |
The range of trading instruments available from both Exness and IC Markets is relatively restricted, making them comparable in this regard. Additionally, both brokers provide a relatively small number of assets for trading.
Trading Platforms
| Feature | Exness | IC Markets |
|---|---|---|
| Platforms |
|
|
Both Exness vs IC Markets offer a variety of trading platforms, including industry-standard MetaTrader 4 and MetaTrader 5. Exness adds WebTrader and its proprietary platform to its options, while IC Markets offers cTrader, a highly sophisticated technical solution.
Deposit & Withdrawal Methods
| Feature | Exness | IC Markets |
|---|---|---|
| Payment methods |
|
|
Exness vs IC Markets Deposit and withdrawal methods are similar with the main difference that IC Markets offers a greater variety of e-wallets.
Others
| Feature | Exness | IC Markets |
|---|---|---|
| Others |
|
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Exness vs IC Markets both prioritize trader education and support, offering resources such as video tutorials to aid in skill development. Exness additionally provides telephone support, live chat, and round-the-clock availability, ensuring continuous assistance for traders.
On the other hand, IC Markets video tutorials, telephone support, and live chat. Both brokers maintain a 24/7 availability, enhancing accessibility for traders seeking immediate help.
Conclusion on IC Markets vs Exness
In conclusion of Exness vs IC Markets comparison review, both brokers are reputable and well-regulated entities, offering a variety of account types and trading platforms. They prioritize trader education through instructional resources and webinars. Furthermore, both brokers offer robust customer support, with IC Markets distinguishing itself with lower spreads and offering of cTrader. Additionally, both brokers are recognized for providing competitive spreads. Here is our final recommendation:
- Exness —
Best Zero Spread Broker characterized by low spreads and a transparent pricing model. - IC Markets – Best Broker for Raw Spread Trading offering some of the lowest possible spreads available.
