Exness vs IC Markets
Choosing between Exness and IC Markets for your trading setup? This broker comparison between Exness and IC Markets reviews regulation and safety, spreads and overall fees, platform choices, market instruments, account types, deposits and withdrawals, and other core features to help you decide which provider aligns with your goals.
Who is Exness?
Exness is a global online broker founded in 2008, known for its trading services across a variety of instruments. The broker offers a choice of powerful trading platforms, diverse account types, and advanced tools tailored for both new and experienced traders. The official website of Exness is www.exness.com.
The minimum deposit required to start trading with Exness is $10.
Who is IC Markets?
IC Markets is a well-established forex and CFD broker launched in 2007 and headquartered in Australia. The broker is especially known for tight spreads, fast execution, and deep liquidity, suitable for the fast-paced financial markets. The official website is www.icmarkets.com.
The minimum deposit required to start trading with IC Markets is $200.
Exness vs IC Markets Side-by-Side Comparison
Exness, founded in 2008, operates under the regulation of the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom). The broker maintains local offices in various regions, including Limassol, London, Cape Town, Amman, Providence, Willemstad and Road Town. To trade at Exness, traders get access to the MT4, MT5 and Exness terminal trading platforms.
Positively, Exness accepts a low minimum deposit of $10, and supports a great deal of base account currencies. These include AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MBT*, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF and ZAR. Further, Exness operates under a hybrid model (A+B Book), and supports a variety of payment options, such as bank transfers, credit and debit cards, e-wallets, mobile money and crypto.
By comparison, IC Markets was launched in 2007 and holds licenses from the ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), CMA (Kenya) and SCB (Bahamas). IC Markets also maintains local offices in several regions, including Limassol, Sydney, Mahe, Nairobi and Nassau. Traders gain access to various trading platforms, which include MT4, MT5, cTrader and TradingView.
The minimum deposit accepted by IC Markets stands at $200, and supported base currencies include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD and CAD. The broker follows an A-Book model, and accepts deposits and withdrawals via credit and debit cards, bank wire transfers and e-wallets (Skrill, Neteller, PayPal).
Exness vs IC Markets Market Instruments
Exness provides access to a total of 200+ instruments, offering CFDs on forex, stocks, indices, commodities and cryptocurrencies. Its instrument lineup features 96 forex pairs, 90 stocks, 10 indices, 18 commodities, and 10 crypto pairs.
IC Markets, on the other hand, offers up to 2,250+ instruments. This offer covers CFDs on forex, stocks, indices, commodities, etfs, bonds, futures and cryptocurrencies, featuring 61 forex pairs, 2,100+ stocks, 25 indices, 28+ commodities, and 13 crypto pairs.
Exness vs IC Markets Account Types
Exness vs IC Markets Spreads Comparison
This comparison highlights the minimum and average spreads on standard accounts for Exness and IC Markets. Actual trading costs can vary with account type, liquidity, and market volatility, so it is best to verify current figures on each broker’s website.
Minimum spreads: Exness provides a minimum spread of 0.2 pips for EUR/USD, compared with IC Markets at 0.8 pips; GBP/USD from 0.2 pips versus 0.8 pips; USD/CAD from 0.2 pips versus 0.8 pips; and CAD/JPY from 0.2 pips versus 1.0 pips.
For non-forex instruments, IC Markets quotes the minimum for XAU/USD (gold) at $0.1, WTI crude at $0.01, and Bitcoin at $1.85. Exness does not provide data about the minimum spreads for these products.
Average spreads show a closer contest on forex pairs: IC Markets averages 0.82 pips on EUR/USD versus Exness at 0.9 pips, while GBP/USD averages are 1.03 pips at IC Markets against 1.1 pips at Exness. Exness also publishes an average for XAU/USD at $0.16. IC Markets does not provide data about the average spreads for this asset.
Exness vs IC Markets Minimum Spreads Comparison
Exness vs IC Markets Average Spreads Comparison
Costs on Raw/Zero Spread Account
Exness and IC Markets both support raw/zero spread accounts. On these accounts, Exness quotes a minimum spread of 0.0 pips with a commission of up to $3.50 per side per lot, while IC Markets shows a minimum spread of 0.0 pips and a commission of $3.5 per side per lot.
These figures reflect the minimums for raw/zero spread accounts. Brokers typically offset ultra-tight spreads on these accounts with commissions per side per lot. Because spreads are variable and conditions can change with liquidity and volatility, always verify the latest costs on the broker’s website before trading.
Other Features
Exness vs IC Markets: Wrapping Up the Comparison
Exness and IC Markets are long-standing, globally regulated brokers, founded in 2008 and 2007 respectively. Exness is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom), while IC Markets is overseen by the ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), CMA (Kenya) and SCB (Bahamas).
Regarding the minimum deposit, Exness sets a lower requirement of $10, compared with $200 at IC Markets. On EUR/USD, minimum spreads start from 0.2 pips at Exness versus 0.8 pips at IC Markets, while average spreads are around 0.9 pips and 0.82 pips, respectively.
Trading platform choices are broad on both brokers. Exness offers MT4, MT5 and Exness terminal, and IC Markets provides MT4, MT5, cTrader and TradingView. Each broker supports a Standard account and a Raw Spread option. Exness also includes a Zero Spread account, whereas IC Markets does not provide this account type. Both make a demo account available and accommodate an Islamic swap-free option. Exness additionally lists Standard Cent and Pro accounts, while IC Markets features Starter, Raw Pro and Raw Pro + accounts.
Both brokers support copy trading, with Exness offering an in-house route and IC Markets integrating popular third-party services. Instrument coverage differs notably. Exness lists 200+ assets, while IC Markets offers 2,250+ products.
In short, Exness appeals to cost-focused traders seeking a lower minimum deposit and very tight minimum pricing, whereas IC Markets will suit those who prioritize a large instrument lineup and an extensive platform selection.
Related Posts
Top-Tier Trusted Brokers
The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
