IC Markets vs. Exness: A Broker Comparison for 202

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IC Markets vs. Exness: A Broker Comparison for 202

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malya
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Apr 21, 2025
7:39 AM

IC Markets vs. Exness: A Broker Comparison for 2024 (brokers96.wordpress.com)

Choosing the right forex brokers
Introduction to IC Markets and Exness

IC Markets: Established in 2007 in Sydney, Australia, IC Markets has built a reputation as a reliable and transparent broker focusing on providing raw spreads and institutional-grade execution. They are particularly known for their ECN (Electronic Communication Network) environment, offering direct access to liquidity providers.

Exness: Founded in 2008, Exness has grown rapidly to become one of the largest brokers globally, known for its diverse range of account types, competitive spreads (particularly on some account types), and innovative trading solutions. They are regulated in multiple jurisdictions, bolstering trader confidence.

Key Comparison Factors:

We'll delve into several key areas to help you differentiate between IC Markets and Exness:

Regulation and Security:

IC Markets: Regulated by the Australian Securities and Investments Commission (ASIC), a reputable and strict regulatory body. This provides a good level of protection for traders, ensuring compliance with financial regulations. lya.
Exness: Holds licenses from multiple regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and others depending on the region. This multi-jurisdictional regulation can offer a broader sense of security, though the level of protection can vary depending on the specific regulator.
Account Types:

IC Markets: Offers a range of account types, primarily categorized into Standard, Raw Spread, and cTrader accounts. The Raw Spread accounts are particularly appealing to scalpers and high-frequency traders due to the very tight spreads available.
Exness: Provides a broader selection of account types, including Standard, Pro, Zero, and Raw Spread accounts. They often cater to a wider range of traders, from beginners to experienced professionals. Exness is known for its lower minimum deposit requirements on some account types, making it accessible to new traders.
Note: brokers96.wordpress.com may offer updated comparison charts that detail the specific features of each account type for both brokers. Check their site regularly for updated insights.
Spreads and Commissions:

IC Markets: Excels in providing raw spreads from 0.0 pips on their Raw Spread accounts, with a commission charged per lot traded. This transparent pricing model is favored by experienced traders who understand the nuances of ECN execution.
Exness: Offers competitive spreads on various account types, with some accounts featuring zero spreads on major currency pairs. However, these accounts often come with higher commissions. Other accounts may have wider spreads but lower or no commissions.
Important: Spreads can fluctuate depending on market conditions and the specific instrument being traded. Always check the live spreads on the broker's platform before placing a trade. lya.
Trading Platforms:

IC Markets: Primarily offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 remains a popular choice for its extensive charting tools and automated trading capabilities (Expert Advisors). cTrader is favored for its depth of market analysis and advanced order types.
Exness: Supports MT4 and MT5, along with its own Exness Terminal, a web-based platform. This offers traders a choice based on their preference and technical requirements.
Platform Choice: The best platform depends on your trading style and technical expertise. MT4 is widely supported, while cTrader offers more advanced features. Exness Terminal provides a convenient web-based solution.
Instruments Offered:

IC Markets: Provides access to a wide range of markets, including forex, indices, commodities, cryptocurrencies, stocks, and futures.
Exness: Offers a similar range of instruments, including forex, metals, cryptocurrencies, energies, indices, and stocks.
Deposit and Withdrawal Options:

ods.

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