IC Markets vs Exness.com
Choosing between IC Markets and Exness.com 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.
IC Markets
Exness.com
| Feature | IC Markets | Exness.com |
|---|---|---|
| Hub Score | 86/100 | 87/100 |
| Min. Deposit | $200 | $10 |
| Spreads | From 0.0 pips | From 0.2 pips (Standard), 0.0 pips (Raw) |
| Max Leverage | 1:5000 | 1:Unlimited |
| Regulation | ASIC, CySEC, FSA | FCA, CySEC, FSCA, FSA Seychelles, FSC BVI, FSC Mauritius, CBCS, JSC, CMA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, Exness Terminal (Tradingview), Exness Trade Mobile App |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Standard, Standard Cent, Raw Spread, Zero, Pro |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Metals, Energies, Indices, Stocks, Crypto |
| Founded | 2007 | 2008 |
| Headquarters | Sydney Australia | Limassol, Cyprus |
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
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.
Which broker has lower spreads, IC Markets or Exness.com?
IC Markets offers spreads from From 0.0 pips, while Exness.com offers spreads from From 0.2 pips (Standard), 0.0 pips (Raw). Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs Exness.com?
IC Markets requires a minimum deposit of $200, while Exness.com requires $10.
Is IC Markets or Exness.com better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while Exness.com is regulated by FCA, CySEC, FSCA, FSA Seychelles, FSC BVI, FSC Mauritius, CBCS, JSC, CMA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or Exness.com?
IC Markets may be better suited for experienced traders. Exness.com is also beginner-friendly. 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.