Auto = Automatically transferred to MT4/MT5 by brokers system
IC Markets vs Exness: Which One Is the Better Forex Broker ? – Forex trading is one of the most lucrative industries in the world today. With more people taking up forex trading as a career, there are a number of forex brokers in the market offering various services. Two of the most popular brokers are IC Markets and Exness. Both brokers have a huge following and have been in the market for a considerable amount of time. But, which one is better for you ? we will compare IC Markets vs Exness based on their features, trading conditions, fees, and more to help you make an informed decision.
|Max. Leverage||1 : 500||1:2000|
|Min. Trade Size||0.01||0.01|
|Trading Platform||Meta Trader 4, Meta Trader 5, WebTrader, cTrader and IC Social||MT4, MT5, WebTrader and Social Trading|
|Markets offered||Forex, Indices, Stocks, Commodities, Cryptocurrencies||Forex, Indices, Stocks, Commodities, Cryptocurrencies|
IC Markets Vs Exness : Regulation and Security
Regulation and safety are important factors to consider when choosing a forex broker. In forex trading many potential for risk and abuse, so many traders use regulatory information to determine their choice of broker. The regulator function in forex trading is crucial to maintaining a fair and transparent market for all participants.
IC Markets is regulated by the Australian Securities and Investments Commission ( ASIC ), the Seychelles Financial Services Authority (FSA) , the Cyprus Securities and Exchange Commission ( CySEC ) and The Securities Commission of The Bahamas ( SCB ).
On the other hand, Exness is also regulated by several tier one regulators. Exness is regulated by the Cyprus Securities and Exchange Commission ( CySEC ), the Financial Conduct Authority ( FCA ), the Capital Markets Authority ( CMA ), the Seychelles Financial Services Authority ( FSA ), the Central Bank of Curaçao and Sint Maarten, the Financial Services Commission ( FSC ) in BVI and the Financial Services Commission ( FSC ) in Mauritius.
Both brokers have separate client funds, meaning client funds are held in separate bank accounts from the broker’s operating funds. In addition, both brokers use SSL encryption to protect clients’ personal and financial information.
|Central Bank of Curaçao and Sint Maarten|
IC Markets Vs Exness : Trading Conditions
IC Markets and Exness are two popular forex brokers in the market. Although both offer competitive trading conditions, there are differences that traders should consider before choosing a broker. The trading conditions offered by a forex broker can have a significant impact on a trader’s profitability. Each broker offers a choice of trading conditions adapted for beginners and professional traders. Now we will compare ic markets vs exness based on trading conditions.
IC Markets Vs Exness : Leverage Trading
IC Markets offers a maximum leverage of up to 1:500 on True ECN accounts and up to 1:200 on other account types. Meanwhile, the Exness broker offers unlimited leverage for all types of trading accounts offered
IC Markets Vs Exness : Spreads and Commissions
- IC Markets Spreads and Commission
IC Markets offers variable spreads starting from 0.0 pips on its Raw Spread account, which charges a commission of $3.5 per lot per side. The broker also offers a Standard account with spreads starting from 1.0 pips and no commission. For cTrader accounts, IC Markets offers spreads starting from 0.0 pips and charges a commission of $3.0 per lot per side.
- Exness Spreads and Commission
Exness offers variable spreads starting from 0.0 pips on its Zero Spread account, which charges a commission of $4 per lot standard. The broker also offers a Standard account with spreads starting from 0.3 pips and no commission.
IC Markets Vs Exness : Account Types
- IC Markets Account Types
IC Markets offers traders a wide range of account types to choose from, including: Raw Spread , Standard and cTrader . Each account type has different trading conditions and requirements. For example, the Raw Spread account has a minimum deposit of $200 and charges a commission of $3.5 per lot per side, while the cTrader account has a minimum deposit of $200 and charges a commission of $3.0 per lot per side. This IC Markets account types designed for both beginner and professional trader.
- Exness Account types
Exness offers two main account types: Standard account, Professional Account ( Raw Spreads, Zero , Pro ). The Standard account has a minimum deposit of $1 and offers spreads starting from 0.3 pips with no commission. The professional account has a minimum deposit of $200 and offers spreads starting from 0.0 pips with a commission of $2 per lot per side. This exness account types also designed for both beginner and professional trader.
IC Markets Vs Exness : Funding Options
IC Markets and Exness are well-known brokers in the financial industry. Novice or professional traders do not hesitate to use these two brokers. Both offer a wide range of trading instruments, competitive spreads and reliable platforms. However, in terms of deposit and withdrawal options, they have some differences that traders need to consider.
|Deposit method||Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer||Credit/debit cards, Local bank transfer, FasaPay, PerfectMoney, Neteller, Skrill, Wire transfer, XPay and Crypto currencies ( USDC, USDT )|
|Withdrawal method||Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer||Credit/debit cards, Local bank transfer, FasaPay, Perfect Money, Neteller, Skrill, Wire transfer, XPay and Crypto currencies ( USDC, USDT )|
If there is a problem, traders should be able to contact their broker’s customer support immediately. IC Markets and exness offer 24/7 customer support via live chat, email and telephone.
In conclusion, IC Markets and Exness are excellent forex brokers, regulated and licensed by level 1 regulators. The choice between the two will depend on your preferences and trading needs.
If you need to trade at a low cost, Exness offers lower fees, offers tighter spreads and low trading commissions. If you need a broker with a more complex choice of funding methods, then exness offers more choices. However, if you need a more varied trading platform, IC Markets offers a more complete choice, namely the MT4, MT5 and cTrader platforms.
Between the two, both IC Markets and FP Markets both offer useful social trading for novice traders or trading signal providers. We hope this article helped you compare IC Markets vs Exness and make an informed decision about which broker to choose. Remember to consider factors such as regulations, trading terms, fees and customer support before making a final decision.
IC Markets vs Exness : FAQs
Here are some frequently asked questions about IC Markets vs Exness:
- Which broker offers tighter spreads? IC Markets offers tighter spreads on its Raw Spread Account, while Exness offers tighter spreads on its Zero Account.
- Which broker charges lower commissions? Exness charges a lower commission of $4 per lot traded on its Zero Account, while IC Markets charges $6 per lot traded on its cTrader Account.
- Which broker supports more payment options? Both IC Markets and Exness support multiple payment options, including credit/debit cards, bank transfers, and e-wallets.
- Which broker has better customer support? Both brokers provide excellent customer support, with a dedicated team available 24/7 to assist traders.
- Is IC Markets regulated? Yes, IC Markets is regulated by ASIC, CySEC, SCB Bahas and FSA of Seychelles
- Is Exness a trustworthy broker? Yes, Exness is a reputable forex broker that is regulated by top-tier regulatory bodies, making it a safe and trustworthy broker.