Exness vs IC Trading

vs
Exness vs IC Trading Comparison Table 2024
Exness IC Trading
4.6
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.

Customer Reviews
4
Comment by Reviewer
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software." "With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "
Pros
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side
  • There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • Local payments are available, plus deposits in BTC and USDT
  • Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees
  • The broker offers fast execution speeds for short-term traders, averaging under 25ms
  • IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
  • The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
  • IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
  • Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
Cons
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
  • Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.
  • The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
  • Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
Awards
  • Most People-Centric Broker at Traders Summit 2022
  • Global Broker of the Year at Traders Summit 2022
  • Best Customer Support Award at Financial Markets Expo Cairo 2021
  • Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • Most Innovative Broker at Dubai Expo 2021
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
Demo Account
Yes Yes
Minimum Deposit
$10 $200
Trading Platforms
  • Exness Trade App
  • MT4
  • MT5
  • TradingCentral
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV FSC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
App Review

IC Trading provides a range of powerful apps that let you trade from a variety of devices. There’s no proprietary app – which may be a red flag for beginner traders – but MetaTrader 4/5 and cTrader apps are available for mobile devices. These industry-proven apps let you access advanced charting tools, execute day trades swiftly, and conduct in-depth market analysis on the move.

Android App Rating
4.3
4.6
iOS App Rating
4.4
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • KWD
  • QAR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal. IC Trading specializes in CFD trading with over 2,250 tradable assets spanning sought-after markets including forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and cutting-edge bridge technology, the broker provides excellent trading conditions for short-term traders looking for leveraged derivatives.
Leverage
1:2000 1:500
FTSE Spread
15.1 2.133
GBPUSD Spread
0.1 0.23
Oil Spread
1.4 0.028
Stocks Spread
0.7 Variable
Forex Trading
An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet. IC Trading delivers remarkably narrow forex spreads across 60+ currency pairs, particularly on key forex assets like EUR/USD. This renders it an outstanding choice for forex day traders in pursuit of superior pricing with top-tier execution speeds. High-volume traders also stand to gain significant advantages, with rebates reaching up to $2.50 per forex lot.
GBPUSD Spread
0.1 0.2
EURUSD Spread
0.0 0.1
EURGBP Spread
0.4 0.3
Assets
97 60+
Cryptocurrency
There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries. Exness has also lowered its spreads on Bitcoin, appealing to active traders. You can trade over 20 of the most popular cryptos with leverage up to 1:200 seven days a week, although direct trading of the underlying asset like purchasing Bitcoin or Ethereum is not facilitated. The selection of tokens also trails Eightcap, which picked up our 'Best Crypto Broker' award, offering 100+ crypto derivatives.
Spread
Floating Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
  • BTC
  • ETH
  • DSH
  • LTC
  • BCH
  • XRP
  • EOS
  • EMC
  • NMC
  • PPC
  • DOT
  • XLM
  • LINK
  • DOGE
  • XTZ
  • UNI
  • ADA
  • BNB
  • AVAX
  • LUNA
  • MATIC
  • GLMR
  • KSM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No