Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but IC Markets is also a global Forex company. Which one is better for actual use?
Exness company information
Founded in 2008, Exness is a world-famous Forex brand with a global presence. Multinational corporate group with official financial licenses in multiple countries, including European and international subsidiaries and affiliates. As of April 2022, it boasts a transaction size of over $2,105 trillion.
What is IC Markets?
IC Markets is based in Australia and is one of the world’s most famous Forex companies. Although it is an Australian company, it has a large number of users in Europe, and there are many users in the UK, Germany, and even Poland.
Exness Reviews and Reputation
FPA is the world’s largest FX company word-of-mouth site. Exness has a rating of 3.139, 529 Reviews as of 2023. You can see that they are getting pretty good reviews. Exness is very popular for its contracting power and good support. In particular, support is available in multiple languages, starting with English, so it can be used in a wide range of areas around the world, so you can see that it is quite highly rated.
Distribution of registered users by country and region
Exness is a global Forex company. Therefore, we know that there are users all over the world. I collected reviews and reputations of TradersUnion, a review site that reviews FX companies and virtual currency exchanges around the world.
Exness is a well-known Forex company with many users in Thailand, Southeast Asia, South Asia, South America and Africa.
Source : TradersUnion
IC Markets is an Australian Forex company, but we know that there are many users in Europe. Besides that, there are many users in South Africa and Southeast Asia.
Source : TradersUnion
Exness VS IC Markets
|Company||Nymstar Limited||Raw Trading Ltd|
|License||FSA, CySEC, FCA||FSA, ASIC, CySEC|
|Trade Instruments||Forex pair|
(Raw Spread Account)
(Zero spread Account)
|Deposit/withdrawal method||Bank Transfer|
Exness is licensed by the UK Financial Conduct Authority and operates under fairly strict regulations, so you can rest easy. FCA has to clear a very high hurdle, so you can be very relieved.
With Exness, the maximum leverage is 2000 times, so you can trade with high leverage and there is no limit on the maximum number of positions, so the degree of freedom is quite high. IC Markets is also highly leveraged and can be traded at 500x.
Loss cut level
In Exness, the loss cut is set at 0%, which shows that the trader has a high degree of freedom. On the other hand, 0% may result in a total loss, so it will be necessary to pay attention to the trader’s discretion.
There are very few bonuses or promotions at Exness. On the other hand, spreads are notoriously tight. IC Markets also does not offer any bonuses.
I compared the standard account of Exness and the standard account of IC Markets. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. Since IC Markets does not offer bonuses, spreads tend to be tighter.
Number of stocks handled
Exness has a large number of exchanges, even covering exotic currency pairs. In addition, there are many other stocks such as precious metals, energy, and virtual currencies. IC Markets has more stocks than Exness, and it is possible to invest in more than 2000 stocks in total.
|Forex Currency pair||〇||〇|
Open a free account
You can open an account with Exness for free. Since there is no risk, you can easily open an account. If you are interested, the following article summarizes the method and procedure for opening an account, so please refer to it.