Broker comparison
IC Markets vs Exness
Two raw-pricing brokers popular with active traders. IC Markets adds cTrader and TradingView; Exness adds zero-spread accounts and its own terminal.
Terms checked on 3 Nov 2026 against each broker's own website and legal documents
Minimum deposit
$0 on global Raw Spread, cTrader and Standard; $5,000 Raw Pro
Varies by account, payment method and region
Raw pricing
From 0.0 pips (average EUR/USD 0.1) + $3.50 per side on MetaTrader; $3.00 per side on cTrader; $1.50 on Raw Pro
Raw Spread from 0.0 pips + up to $3.50 per side; Zero from 0.0 pips + from $0.05 per side
Spread-only pricing
Standard from 0.8 pips, no commission
Pro from 0.1 pips, no commission
Platforms
MT4, MT5, cTrader, TradingView (Raw Spread account)
MT4, MT5, Exness Terminal, Exness Trade app
Regulation
FSA Seychelles (SD018), CySEC (362/18), ASIC (AFSL 335692), SCB Bahamas (SIA-F214)
Retail clients are usually onboarded offshore, e.g. FSA Seychelles (SD025); FCA and CySEC entities do not serve retail clients
Maximum retail leverage
1:30 EU retail; up to 1:5000 at Raw Trading Ltd (Seychelles)
Up to 1:Unlimited offshore for small balances
FCA-authorised UK company
No FCA entity listed
FCA entity does not serve retail
Which to choose
Both quote raw spreads from 0.0 pips with a commission. IC Markets publishes $3.50 per side on MetaTrader and $3.00 on cTrader; Exness charges up to $3.50 per side on Raw Spread and offers a Zero account.
EU traders can use IC Markets' CySEC company; Exness's EU entity does not serve retail clients. Both offer very high leverage offshore.
Read the full IC Markets review and Exness review.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.
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Written by the Forex Awards research desk
Guides are checked against current broker documents and regulator rules. Spotted something out of date? Tell us and we will re-check it.
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