IC Markets vs Exness, Updated for 2023
IC Markets Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs Exness Guide
Read our In-Depth IC Markets vs Exness Review - 2023 Update
Our review comparing IC Markets and Exness has been revised for 2023 from seasoned professionals with extensive expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Exness does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Exness Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Exness
All platforms for online trading will have some ups and downs, and a complete review of IC Markets and Exness should not be complete without having a fair assessment.
Assess Exness and IC Markets to understand how they stack up against each before you choose to make an account. Conducting a comparative analysis will place factors into perspective so that you're cognizant of what you should anticipate.
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 latest information so you can easily compare Exness against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You'll acquire adept at all the concepts of broker as you keep trading. For starters, you need to select the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Exness are two such companies that will take you along with your investment into great heights. It's crucial to 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 full IC Markets vs Exness Review covers all you need to know about trading using either IC Markets or Exness. A good agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It is a common misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
IC Markets and Exness are both brokers which have forged their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and Exness. This review can allow you to know whether either Exness or IC Markets is a good fit for your own investments or not. We have tried to breakdown all of the features and fees for your convenience.
Benefits of IC Markets and Exness Compared
IC Markets offers a minimum deposit of $200 while Exness has 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 has around 232 financial instruments while Exness allows you to trade around 232 on their platform.
The more 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 seriously do not 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 a 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.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||Exness Twitter Account|
|IC Markets Facebook Page||Exness Facebook Page|
|IC Markets Instagram Account||Exness Instagram Account|
|IC Markets LinkedIn Page||Exness LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Exness YouTube Channel|
|Find Out More||
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 average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. 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 have won a lot of industry awards over the time they have been operating as an online broker. We detail the most recognised awards for IC Markets here.
|At the time of writing this Exness review, and despite Exness’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
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 head office 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 fair trading on their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs Exness Commission And Fees
IC Markets and Exness are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of fees for this objective.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding speed, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Exness charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and Exness are comparatively higher. Consequently, you are charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't about 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
|Find Out More||
What Languages Do IC Markets And Exness Support?
Being able to chat easily with your trading platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both IC Markets and Exness offer communication in.
|Languages Supported||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, and Chinese|
|Find Out More||
How Many Clients Do IC Markets and Exness Have?
Both IC Markets and Exness are well established with their client base. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and Exness have
|Clients / Users||60,000+||10,000+|
|Find Out More||
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
|Find Out More||
What Can You Trade With IC Markets and Exness?
IC Markets offers 232 trading instruments while Exness offers 100.
Below you will find a full breakdown of what both IC Markets and Exness offer.
IC Markets Review
IC Markets vs Exness:
Table Of Contents
- Compare IC Markets vs Exness
- Benefits of IC Markets and Exness Compared
- Exness and IC Markets Mobile App Comparison
- IC Markets vs Exness - Awards
- IC Markets vs Exness - Frequently Asked Questions
- What is the minimum deposit for Exness or IC Markets
- IC Markets vs Exness - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Exness
- What Languages Do IC Markets And Exness Support?
- How Many Clients Do IC Markets and Exness Have?
- What Payment Methods Do IC Markets and Exness Accept?
- What Can You Trade With IC Markets and Exness?