Exness.com vs IC Markets
Choosing between Exness.com and IC Markets is a common decision for forex traders in Africa. In our analysis, Exness.com scores 87/100 on our Hub Score compared to IC Markets's 86/100. For traders with limited starting capital, Exness.com has a lower entry point at $10. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, Exness.com scores higher overall with 87/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
Exness.com
IC Markets
| Feature | Exness.com | IC Markets |
|---|---|---|
| Hub Score | 87/100 | 86/100 |
| Min. Deposit | $10 | $200 |
| Spreads | From 0.2 pips (Standard), 0.0 pips (Raw) | From 0.0 pips |
| Max Leverage | 1:Unlimited | 1:5000 |
| Regulation | FCA, CySEC, FSCA, FSA Seychelles, FSC BVI, FSC Mauritius, CBCS, JSC, CMA | ASIC, CySEC, FSA |
| Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal (Tradingview), Exness Trade Mobile App | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Account Types | Standard, Standard Cent, Raw Spread, Zero, Pro | Standard, Raw Spread, cTrader Raw Spread, Islamic |
| Trading Instruments | Forex, Metals, Energies, Indices, Stocks, Crypto | Forex, Indices, Commodities, Shares, Crypto, Bonds |
| Founded | 2008 | 2007 |
| Headquarters | Limassol, Cyprus | Sydney Australia |
Pros
- Instant automated withdrawals 24/7
- Unlimited leverage options for small accounts
- $0 internal payment processing fees
- Deep institutional liquidity with minimal slippage
- Stable news-time execution
Cons
- High leverage carries significant risk for novices
- No retail services for residents in the USA/Canada
- Limited investor compensation for offshore entities.
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Which broker has lower spreads, Exness.com or IC Markets?
Exness.com offers spreads from From 0.2 pips (Standard), 0.0 pips (Raw), while IC Markets offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for Exness.com vs IC Markets?
Exness.com requires a minimum deposit of $10, while IC Markets requires $200.
Is Exness.com or IC Markets better regulated?
Exness.com is regulated by FCA, CySEC, FSCA, FSA Seychelles, FSC BVI, FSC Mauritius, CBCS, JSC, CMA, while IC Markets is regulated by ASIC, CySEC, FSA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, Exness.com or IC Markets?
Exness.com is marked as beginner-friendly. IC Markets may be better suited for experienced traders. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.