IC Markets vs Exness: In-Depth Analysis 2024

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IC Markets and Exness are online Forex and CFD brokers that offer trading services worldwide. Both brokers are regulated by top-tier regulatory authorities. IC Markets is regulated by two Tier-1, one Tier-2, and two Tier-4 jurisdictions, including ASIC, CySEC, SCB, FSA-S, and FSCA. On the other hand, the Exness is regulated by two Tier-1 jurisdictions, one Tier-2 jurisdictions, and Four Tier-4 jurisdictions, including CySEC, FCA, FSA-S, CBCS, FSC Mauritius, FSCAand BVI FSC. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast IC Markets with Exness regarding pros, cons, trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. This comparison lets you understand which broker is better for your trading style and preferences

IC Markets vs Exness: In a Nutshell

IC Markets

Founded in 2007 by Andrew Budzinksi, IC Markets is an Australian-based forex and CFD broker offering trading services to institutional and retail traders worldwide. The broker offers 2250+ trading instruments including  Forex, commodities, indices, bonds, stocks, futures, and cryptocurrencies. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele. IC Markets is a multi-asset trading platform of choice for high-volume traders, scalpers, and robots. To learn more, you can read our review on IC Markets where we have covered its features, pros, cons, ratings, and more.

ICMarkets Overview

ICMarkets Overview
  • Founded In: 2007 
  • Founder: Andrew Budzinksi
  • Headquarters: Australia
  • Minimum Deposit: $200
  • Maximum Leverage: Upto 1000:1 for FSA Jurisdiction, 30:1 for ASIC, CySEC clients.  
  • Regulations: ASIC, CySEC,  and FSA
  • Trading platform: MT4, MT5 and cTrader
  • Trading Instruments: 2150+ Trading Instruments including Forex, Crypto, Stock, Commodity Indices, Bonds, Futures.
  • Account Types: Standard, Standard, Raw (Metatrader, Ctrader) 
  • Fees: Spread starting from 0.8 Pips(Standard Accounts) or $3 to 3.5 Commission (Raw Accounts)
  • Payment Options: bank/wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli.
  • US Traders: Not Accepted 

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3 pips. The broker is regulated by FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, and FSA in Seychelles. However, Exness does not have ASIC regulation. To learn more, you can read our review on Exness.

Exness Overview

Exness Overview
  • Founded In: 2008
  • Founder: Petr Valov, Igor Lychagov
  • Headquarters: Limassol, Cyprus
  • Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
  • Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
  • Maximum Leverage: 1:Unlimited (condition apply)  or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
  • Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
  • Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App, Exness Terminal
  • Account Types: Standard, Pro, Raw Spread, Zero
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
  • Funding Currencies : 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, MXN, MYR, NGN, NZD, OMR, PHP,  PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
  • US Traders: Not Accepted

IC Markets vs Exness : Features

IC Markets:

  • Regulations: ASIC, CySEC, and FSA
  • Trading Instruments: 2150+ including  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
  •  Minimum Deposit: $200 or Equivalent
  • Maximum leverage: up to 1000:1 in FSA jurisdiction, in some countries, it offers 500:1 leverage, for ASIC, and CySEC entity the brokers offers up to 1:30 leverage.   
  • Account types: Standard Account and Raw Account (Metater, Ctrader) 
  • Fees:  Spread starting from 0.8  pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip. 
  • PAMM/ MAM:  Not Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Exness

  • Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
  • Maximum leverage: up to Unlimited :1 
  •  Minimum Deposit: $1 
  • Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
  • Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
  • PAMM/ MAM:  Not Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

IC Markets vs Exness: Pros and Cons

IC Markets

Pros
  • Fully Regulated broker, ( One tire-1 , jurisdiction, one tire-2 jurisdiction) 
  • Super fast trade execution speed 
  • Straightforward registration process 
  • Low spread, starting from 0 pips. 
  • Easy and Fast Account Opening 
  • Free deposit and withdrawal 
  • Offers standard and raw spread account
  • Trading EA is Allowed 
  • Ability to trade from a mobile device 
  • A demo Account is available
Cons
  • Higher minimum deposit 
  • No investor protection for non-EU Clients 
  • Limited Product Selection 
  • No weekend Trading 
  • US Traders are not accepted

Exness

Pros
  • Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
  • The maximum leverage is as high as 1:unlimited or 1:2000
  • The minimum deposit is as low as $1 or depends on payment methods
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Competitive spreads starting from 0.2 pips on standard accounts
  • Swap-Free/Islamic Account Provided
  • Scalping, EA Trading, and Copy Trading are allowed 
  • Instant Withdrawal of Money 24/7
Cons
  • No Passive investment programme ( PAMM, MAM Accounts) 
  • No Ctrader, Tradingview, zulutrade offered 
  • US Traders are not accepted 
  • Only MT4 and MT5 Trading Platforms 
  • Limited educational resources

IC Markets vs Exness: Side-by-Side Comparison

IC Markets
Exness
Product
Product
IC Markets
Exness
Founded In
Founded In
2007
2008
Founded By
Founded By
Andrew Budzinksi
David Morris
Headquarters
Headquarters
Sydney, Australia
Limassol, Cyprus
Regulations
Regulations
ASIC, CySEC, FSA, and SCB
FSA, CBCS, FSC, FSCA, CySec, FCA, CMA
Min Deposit
Min Deposit
$200
$200
Max Leverage
Max Leverage
1:500
1: Unlimited
Tradable Assets
Tradable Assets
Over 2100 forex, CFDs in stocks, indices, commodities, cryptos, and Bonds.
Forex , Commodities, Stock ,Indices , Crypto
Fees
Fees
Spreads from 0.6 pips, Commissions $7/round lot
as low as 0.1 pips or commission upto $3.5 each side per lot
Platforms and Tools
Platforms and Tools
MT4, MT5, and cTrader
MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal
US Traders
US Traders
Not Allowed
Not Allowed

IC Markets Vs Exness: Our Scores and Ratings

We rated both brokers, IC Markets and Exness, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

IC Markets :

9.3
IC Markets Scores
Regulation and Security (40%)9.5
Fees and Commissions (20%)9.5
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)9.4

Exness:

9.1
Exness Scores
Regulation and Security (40%)9.3
Fees and Commissions (20%)9.5
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

Final Verdict :

IC Markets and Exness are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for IC Markets is $200, whereas the minimum deposit for Exness is $1. Additionally, the maximum leverage for the IC Market is generally 500:1. However, In FSA jurisdiction, IC Markets offers 1000:1 leverage. On the other hand, the maximum leverage for Exness is 200:1. IC Market offers passive investment programs or copy trading programs like MAM, and Zulutrade. In contrast, Exness does not have any passive investment programs.Our score for IC Markets is 9.3, and for Exness, it is 9.1. So, if you are looking for the most trusted forex brokers with tight spread and  MAM account services, you may choose IC Markets. If you prefer a lower minimum deposit and lower leverage, you may choose Exness.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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