IC Markets vs Exness, Updated for 2023

Compare IC Markets vs Exness

Every online trading platforms feature a few pros and cons, and a complete IC Markets and Exness review cannnot be regarded as thorough without having an objective perspective.

Compare Exness and IC Markets to get a better understanding of how they line up with each other prior to you decide to open an account. Performing a side-by-side comparison can bring aspects in perspective so that you're informed about the expectations.

So you are looking for a professional broker and are choosing between IC Markets or Exness. Which one is best in 2023?

Our IC Markets vs Exness comparison contains the most recent information so you can easily compare Exness against IC Markets.

If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of broker as you continue trading. For starters, you have to choose the right broker who'll be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Exness are just two such platforms that will take you along with your investment into great heights. It is important that you compare IC Markets vs Exness until you trust them with your money.

Our IC Markets vs Exness comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Exness side by side.

Our entire IC Markets vs Exness Review covers everything you will need to learn about trading using either IC Markets or Exness. A fantastic broker can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing objectives.

There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and Exness are both brokers which have found their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of both IC Markets and Exness. This review will help you to know whether either Exness or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all the features and charges for your advantage.

Benefits of IC Markets and Exness Compared

IC Markets has a minimum deposit of $200 while Exness offers a $1 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Exness compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

IC Markets allows you to trade around 232 financial instruments while Exness has around 232 financial instruments on their platform.

The more financial instruments you can trade on the IC Markets and Exness trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or Exness.

IC Markets and Exness Contact Details

Being able to contact your broker through many ways is a sign of a professional broker. IC Markets and Exness have the following contact details and social medias that you can use.

Exness and IC Markets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

This part of comparing IC Markets and Exness will examine whether their mobile app meets all our requirements.

Overall, we rate the user-friendliness of both apps as Better than the average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

IC Markets vs Exness - Awards

IC Markets vs Exness - Frequently Asked Questions

IC Markets vs Exness - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

Exness was founded in 2008 and has its headquaters in Cyprus.

What is the minimum deposit for Exness or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Exness is $1.

Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Exness are a good option.

IC Markets vs Exness - Regulation And Licencing In More Detail

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Exness is regulated by Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF).

Both IC Markets and Exness have a strong collection of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their privacy policies, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs Exness Commission And Fees

IC Markets and Exness are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the number of customers they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 different types of penalties for this purpose.

The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for more than a day.

Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither IC Markets or Exness charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, for example daily or weekly trading.

However, non-trading fees charged by IC Markets and Exness are comparatively higher. Consequently, you're billed more for non-trading actions in your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.

This IC Markets vs Exness review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Exness

What Languages Do IC Markets And Exness Support?

Being able to chat easily with your online broker is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading forex.

Below you will find all the languages that both IC Markets and Exness support.

How Many Clients Do IC Markets and Exness Have?

Both IC Markets and Exness are well known and trusted. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.

Below you will find details of how many customers IC Markets and Exness are working with

What Payment Methods Do IC Markets and Exness Accept?

IC Markets and Exness both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at IC Markets and Exness

What Can You Trade With IC Markets and Exness?

IC Markets offers 232 trading instruments and Exness offers 100.

Below you will find a full breakdown of what both IC Markets and Exness offer.