Broker comparison
Exness vs IC Markets
Compare the named entities and their recorded terms.
Compare regulatory records and separately labelled entity-specific costs, platforms and protection. This is not a complete cost, withdrawal or safety ranking.
Costs, platforms and protection first
Costs
What will you pay for?
Exness
SC · Exness (SC) Ltd
Standard: from 0.2 pips, no trading commission.
Conditions and evidence
Public documents for the named entity/account. Confirm residence acceptance when applying.
Account availability and deposit terms vary by region.
Standard account — spreads / commission ↗ · 2026-09-29IC Markets
AU · International Capital Markets Pty Ltd
MT4 Raw: USD3.50 on USD accounts or AUD4.50 on AUD accounts per standard lot per side. Standard: zero commission; EUR/USD minimum 0.8 pips.
Conditions and evidence
Australian entity disclosures; check account/product applicability.
Account-currency rates for FX/metals. cTrader/TradingView instead charge USD3 per USD100,000 per side. Published minimums are not measured averages.
MT4 Raw commission — account currency / standard lot; EURUSD minimum; cTrader terms ↗ · 2026-09-30Platforms
Which tools can you use?
Exness
SC · Exness (SC) Ltd
Standard uses MT4/MT5, with instrument/account-currency limits.
Conditions and evidence
Public documents for the named entity/account. Confirm residence acceptance when applying.
IC Markets
AU · International Capital Markets Pty Ltd
MT4/MT5; cTrader/TradingView use a separate Raw account.
Conditions and evidence
Australian entity disclosures; check account/product applicability.
Client protection
Who is covered, and how?
Exness
SC · Exness (SC) Ltd
Negative balances reset to zero; negative equity with open positions is different.
Conditions and evidence
Public documents for the named entity/account. Confirm residence acceptance when applying.
Check deposits before a reset; this does not imply UK retail availability.
Negative Balance Protection — open-position exception ↗ · 2026-09-29IC Markets
AU · International Capital Markets Pty Ltd
FAQ states retail negative balance protection.
Conditions and evidence
Australian entity disclosures; check account/product applicability.
Does not establish Pro coverage or insolvency compensation.
FAQ — Do you offer negative balance protection? ↗ · 2026-09-29Detailed comparison table
Swipe horizontally to compare the same field.
| Costs | ExnessSC · Exness (SC) LtdSources and caveats ↗ · 2026-09-29 | IC MarketsAU · International Capital Markets Pty LtdSources and caveats ↗ · 2026-09-30 |
|---|---|---|
| Published minimum spread | Standard0.2 pips Pair unspecified | Standard0.8 pips EUR/USD |
| Trading commission | Standard0 | MT4 Raw · USDUSD3.50 per lot / side MT4 Raw · AUDAUD4.50 per lot / side Standard0 FX/metals. Match account currency and platform. |
| Holding charges | Figure not recorded | Figure not recorded |
| Currency conversion | Figure not recorded | Figure not recorded |
| Other charges | Figure not recorded | Figure not recorded |
Compare only matching accounts, instruments and currencies. Unrecorded does not mean free. Minimums are not observed averages.
Sources and caveats
Exness
Exness (SC) Ltd: Standard: from 0.2 pips, no trading commission.
Account availability and deposit terms vary by region.
Standard account — spreads / commission ↗ · 2026-09-29IC Markets
International Capital Markets Pty Ltd: MT4 Raw: USD3.50 on USD accounts or AUD4.50 on AUD accounts per standard lot per side. Standard: zero commission; EUR/USD minimum 0.8 pips.
Account-currency rates for FX/metals. cTrader/TradingView instead charge USD3 per USD100,000 per side. Published minimums are not measured averages.
MT4 Raw commission — account currency / standard lot; EURUSD minimum; cTrader terms ↗ · 2026-09-30Where should you start?
Where should you start?
Start with your country of residence
This comparison lacks the verified information needed to identify a candidate.
Find candidates by residence →Entities included in the regulatory comparison
First read the legal company name in your account agreement. Open the matching entity below; if it is not listed, check the other entities on the detail page. No residence-to-entity assignment is inferred.
Other group entities are outside this table; see the company details. Licence counts describe evidence coverage, not safety or superiority.
Exness
- Exness ZA (PTY) Ltd →
- Exness (KE) Limited →
- Exness (MU) Ltd →
- Forexite Ltd. →
- Exness B.V. →
- Exness (VG) Ltd →
- Exness (UK) Ltd →
- Exness (SC) Ltd →
Matched to regulator records
FCA
Other entities and evidence →IC Markets
Matched to regulator records
ASIC
Other entities and evidence →What the sources show →Candidate criteria and open questions
Candidates have recorded active status, regulator verification, a licence number, source and check date. These are dated records, not a safety or account-opening guarantee. Display order follows your selection.
Recorded catalog-applicable licence counts differ in this comparison scope
Open items and verification notes
- Exness
A licence is recorded, but verification remains unresolved. / Primary-source evidence is not yet available for a recorded licence. / Client-protection evidence is not yet recorded for a displayed legal entity. / A stored legal entity is not catalog-applicable to this website.
- IC Markets
A licence is recorded, but verification remains unresolved. / Primary-source evidence is not yet available for a recorded licence. / A licence identifier is not exposed by the regulator source. / A stored legal entity is not catalog-applicable to this website.
Check the evidence
A summary of the research covered here. Unconfirmed does not mean there is no issue.
Key differences at a glance
Exness
Exness research file- Entities compared
- 8
- Verified licence records in this comparison
- 1 of 8
- Open research issues
- 4
IC Markets
IC Markets research file- Entities compared
- 2
- Verified licence records in this comparison
- 1 of 2
- Open research issues
- 4
Comparison scope
Evidence currently in scope
This comparison includes only records currently in comparison scope. The full broker research file may contain additional entities, licences or evidence.
Key differences at a glance
Scan the decision-relevant recorded values, side by side. A difference is not a ranking.
4 of 5 differ
View definitions for these metrics
Side-by-side recorded values only. This summary does not score, rank or determine an evidence advantage.
- Verified licence records in this comparison
- Licences confirmed against a regulator register, out of the licences recorded in this scope.
- Entities compared
- Legal entities recorded for this broker inside the catalog-applicable comparison scope.
- Licence records with source links
- Licence rows that carry a stored regulator source URL in this comparison scope. This is not a document inventory.
- Client-protection evidence
- The canonical catalog-scope protection state, identical to the broker profile and the directory.
- Open research issues
- Distinct issue categories still open in this comparison. Each category counts once, not once per licence.
Rows where the recorded values are not identical carry a neutral marker. It shows that the files differ, not which value is preferable.
Open detailed differences and evidence
Differences first
This comparison covers recorded entities. Country eligibility is confirmed separately in Finder.
Evidence Snapshot
Legal entities
Exness
IC Markets
Entities compared
Exness
1 not in this comparison
IC Markets
2 not in this comparison
Licence records
Exness
IC Markets
Verified licence records in this comparison
Exness
IC Markets
Unverified licence records
Exness
IC Markets
Licence records with source links
Exness
IC Markets
Protection records
Exness
IC Markets
Open research issues
Exness
- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- Client-protection evidence is not yet recorded for a displayed legal entity.
- A stored legal entity is not catalog-applicable to this website.
IC Markets
- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- A licence identifier is not exposed by the regulator source.
- A stored legal entity is not catalog-applicable to this website.
Official website
Stored website URL. Not an open-account destination.
Exness
IC Markets
Entities & Regulation
Legal entities
Each licence stays attached to its legal entity.
Exness
8 entities
8 licences · 1 verified of 8 · 7 unresolved · FSCA · CMA_KE · FSC_MU · FSC_BZ · CBCS · BVI_FSC · FCA · FSA
View entity detail
Exness ZA (PTY) Ltd
South Africa
Catalog-applicable to this website
FSCA · 51024
Official legal document · stated authorised on official pages; FSCA register not opened
Primary-source evidence not yet available
Exness (KE) Limited
Kenya
Catalog-applicable to this website
CMA_KE · 162
Unverified · Not independently recorded
Official broker source
Exness (MU) Ltd
Mauritius · 176967
Catalog-applicable to this website
FSC_MU · GB20025294
Provider disclosure · stated on official regulation page; Mauritius register not opened
Primary-source evidence not yet available
Forexite Ltd.
Belize · 000022129
Catalog-applicable to this website
FSC_BZ · 9110312
Unverified · Not independently recorded
Official broker source
Exness B.V.
Curaçao
Catalog-applicable to this website
CBCS · 0003LSI
Unverified · Not independently recorded
Official broker source
Exness (VG) Ltd
British Virgin Islands · 2032226
Catalog-applicable to this website
BVI_FSC · SIBA/L/20/1133
Official legal document · Currently regulated on BVI FSC entity page. Official page prints Investment Business / Dealing as Principal. SIBA/L/20/1133 is not printed on that page and is not independently regulator-verified.
BVI_FSC register
Exness (UK) Ltd
United Kingdom
Catalog-applicable to this website
FCA · 730729
Matched to regulator records · Authorised since 01/09/2016 on FCA Register firm page. Official Exness text still states this entity does not offer services to retail clients.
FCA register
Exness (SC) Ltd
Seychelles
Catalog-applicable to this website
FSA · SD025
Official legal document · stated SD025 on official legal documents; listed on FSA Seychelles capital-markets page without SD025 on that row
FSA register
IC Markets
2 entities
2 licences · 1 verified of 2 · 1 unresolved · FSA · ASIC
View entity detail
IC Markets (SC) Ltd
Seychelles
Catalog-applicable to this website
FSA · —
Unverified · Not independently recorded
Primary-source evidence not yet available
International Capital Markets Pty Ltd
Australia · 123289109
Catalog-applicable to this website
ASIC · 335692
Matched to regulator records · matched on ASIC current AFS extract 202609 as INTERNATIONAL CAPITAL MARKETS PTY. LTD.; start date 02/07/2009
ASIC register
Client Protection
Negative balance protection
Exness
IC Markets
1 of 2 confirmed
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Confirmed
Segregated client funds
Exness
IC Markets
Not recorded in this file
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Not yet checked
Investor compensation
Exness
IC Markets
Not recorded in this file
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Not offered
Open the complete comparison
| Compare brokers | Exness Exness research file | IC Markets IC Markets research file |
|---|---|---|
Evidence SnapshotCoverage counts currently in this comparison scope. | ||
| Legal entitiesDifferent | 9 recorded | 4 recorded |
| Entities comparedDifferent | 8 displayed 1 not in this comparison | 2 displayed 2 not in this comparison |
| Licence recordsDifferent | 8 recorded | 2 recorded |
| Verified licence records in this comparisonDifferent | 1 of 8 recorded licences | 1 of 2 recorded licences |
| Unverified licence recordsDifferent | 7 unverified | 1 unverified |
| Licence records with source linksDifferent | 6 sources available | 1 source available |
| Protection recordsDifferent | Recorded for 0 of 8 entities | Recorded for 2 of 2 entities |
| Regulatory events | Not recorded in this file | Not recorded in this file |
| Last checked | Sep 19, 2026 | Sep 19, 2026 |
| Open research issuesDifferent |
|
|
| Research coverageThis describes FXVeritas research-file coverage. It is not a broker safety or quality rating. | High | High |
| Profile facts checked | Aug 20, 2026 | Aug 20, 2026 |
| Data coverage | Regulation monitored A legal entity is stored, but it is not catalog-applicable to this website. | Regulation monitored A legal entity is stored, but it is not catalog-applicable to this website. |
| Evidence limitations |
|
|
| Official websiteDifferentStored website URL. Not an open-account destination. | exness.com | icmarkets.com |
Entities & RegulationLicences attach to legal entities, not marketing brands. | ||
| Legal entitiesDifferentEach licence stays attached to its legal entity. | 8 entities 8 licences · 1 verified of 8 · 7 unresolved · FSCA · CMA_KE · FSC_MU · FSC_BZ · CBCS · BVI_FSC · FCA · FSA View entity detail
| 2 entities 2 licences · 1 verified of 2 · 1 unresolved · FSA · ASIC View entity detail
|
| Stored regulatory eventsAbsence of a stored event is not a finding. | Not in this file yet | Not in this file yet |
Client ProtectionClient-money facts are stored by legal entity. | ||
| Negative balance protectionDifferent | Not recorded in this file | 1 of 2 confirmed Legal entities: 2
|
| Segregated client fundsDifferent | Not recorded in this file | Not recorded in this file Legal entities: 2
|
| Investor compensationDifferent | Not recorded in this file | Not recorded in this file Legal entities: 2
|
Trading & PlatformsAdvertised account figures and recorded platforms on file. | ||
| Trading facts in this fileNeither file currently records these trading fields. | Not in this file yet | Not in this file yet |
Evidence Snapshot
Coverage counts currently in this comparison scope.
Legal entities
Different
Entities compared
DifferentLicence records
DifferentVerified licence records in this comparison
DifferentUnverified licence records
DifferentLicence records with source links
DifferentProtection records
DifferentRegulatory events
Last checked
Open research issues
Different- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- Client-protection evidence is not yet recorded for a displayed legal entity.
- A stored legal entity is not catalog-applicable to this website.
- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- A licence identifier is not exposed by the regulator source.
- A stored legal entity is not catalog-applicable to this website.
Research coverage
This describes FXVeritas research-file coverage. It is not a broker safety or quality rating.
Profile facts checked
Data coverage
A legal entity is stored, but it is not catalog-applicable to this website.
A legal entity is stored, but it is not catalog-applicable to this website.
Evidence limitations
- At least one stored legal entity is outside catalog applicability for this website.
- Some comparison issues remain unresolved. See the unresolved comparison issues above.
- At least one stored legal entity is outside catalog applicability for this website.
- Some comparison issues remain unresolved. See the unresolved comparison issues above.
Official website
DifferentStored website URL. Not an open-account destination.
Entities & Regulation
Licences attach to legal entities, not marketing brands.
Legal entities
DifferentEach licence stays attached to its legal entity.
8 entities
8 licences · 1 verified of 8 · 7 unresolved · FSCA · CMA_KE · FSC_MU · FSC_BZ · CBCS · BVI_FSC · FCA · FSA
View entity detail
Exness ZA (PTY) Ltd
South Africa
Catalog-applicable to this website
FSCA · 51024
Official legal document · stated authorised on official pages; FSCA register not opened
Primary-source evidence not yet available
Exness (KE) Limited
Kenya
Catalog-applicable to this website
CMA_KE · 162
Unverified · Not independently recorded
Official broker source
Exness (MU) Ltd
Mauritius · 176967
Catalog-applicable to this website
FSC_MU · GB20025294
Provider disclosure · stated on official regulation page; Mauritius register not opened
Primary-source evidence not yet available
Forexite Ltd.
Belize · 000022129
Catalog-applicable to this website
FSC_BZ · 9110312
Unverified · Not independently recorded
Official broker source
Exness B.V.
Curaçao
Catalog-applicable to this website
CBCS · 0003LSI
Unverified · Not independently recorded
Official broker source
Exness (VG) Ltd
British Virgin Islands · 2032226
Catalog-applicable to this website
BVI_FSC · SIBA/L/20/1133
Official legal document · Currently regulated on BVI FSC entity page. Official page prints Investment Business / Dealing as Principal. SIBA/L/20/1133 is not printed on that page and is not independently regulator-verified.
BVI_FSC register
Exness (UK) Ltd
United Kingdom
Catalog-applicable to this website
FCA · 730729
Matched to regulator records · Authorised since 01/09/2016 on FCA Register firm page. Official Exness text still states this entity does not offer services to retail clients.
FCA register
Exness (SC) Ltd
Seychelles
Catalog-applicable to this website
FSA · SD025
Official legal document · stated SD025 on official legal documents; listed on FSA Seychelles capital-markets page without SD025 on that row
FSA register
2 entities
2 licences · 1 verified of 2 · 1 unresolved · FSA · ASIC
View entity detail
IC Markets (SC) Ltd
Seychelles
Catalog-applicable to this website
FSA · —
Unverified · Not independently recorded
Primary-source evidence not yet available
International Capital Markets Pty Ltd
Australia · 123289109
Catalog-applicable to this website
ASIC · 335692
Matched to regulator records · matched on ASIC current AFS extract 202609 as INTERNATIONAL CAPITAL MARKETS PTY. LTD.; start date 02/07/2009
ASIC register
Stored regulatory events
Absence of a stored event is not a finding.
Client Protection
Client-money facts are stored by legal entity.
Negative balance protection
Different1 of 2 confirmed
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Confirmed
Segregated client funds
DifferentNot recorded in this file
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Not yet checked
Investor compensation
DifferentNot recorded in this file
Legal entities: 2
IC Markets (SC) Ltd
Seychelles
Not yet checked
International Capital Markets Pty Ltd
Australia
Not offered
Trading & Platforms
Advertised account figures and recorded platforms on file.
Trading facts in this file
Neither file currently records these trading fields.
Your next step
Check the contracting entity and current terms on the official website before applying. A website link does not confirm account approval.
Stored sources
Featured evidence and sources
Primary-source URLs already stored on licence, protection, mapping or event rows in this comparison scope. This is not a document inventory, and counts are not invented.
Exness
Research still outstanding
Evidence gaps and unresolved issues
These cards list open comparison issues in the current research files. They are research still outstanding — not findings against a broker.
More open research issues does not mean a broker is less safe.
Unresolved comparison issuesIssue types found in the current research file. Each issue counts once, not once per licence. Unresolved is not the same as adverse. These are issue categories, not licence counts. Catalog-applicable licence counts are listed separately below.
Missing coverageRows marked Not in this file yet in the table above are missing coverage, which is a different gap from an unresolved comparison issue.
Exness
4 unresolved comparison issues
- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- Client-protection evidence is not yet recorded for a displayed legal entity.
- A stored legal entity is not catalog-applicable to this website.
IC Markets
4 unresolved comparison issues
- A licence is recorded, but verification remains unresolved.
- Primary-source evidence is not yet available for a recorded licence.
- A licence identifier is not exposed by the regulator source.
- A stored legal entity is not catalog-applicable to this website.
Next research steps
Continue this research
View each broker research file or visit the official website. These links are for further research and are not an endorsement.
Open interactive comparisonThe interactive comparison remains a query tool and is not this indexable page.