IC Markets and Exness Standard Account Comparison
Beginners may prefer the Exness standard account, but experienced traders may opt for the IC Markets standard account for a safer experience。
Beginners may prefer the Exness standard account, but experienced traders may opt for the IC Markets standard account for a safer experience。
IC Markets vs. Exness, which one offers the best standard accounts?Standard accounts are the most common accounts offered by forex brokers。However, each broker will usually have its own unique advantages。We must delve into the terms and conditions of each account and the broker reviews in order to understand which is the best in the comparison between IC Markets and Exness standard accounts。
IC Markets Standard Account
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
Minimum deposit | $200 or equivalent currency |
Maximum Leverage | 1:500 |
Spread | 0.From 6 o'clock |
Deposits | None |
Execution speed | About 35 milliseconds |
Trading platform | MetaTrader4, MetaTrader5 |
Stop Loss Level | 50% |
No Swap Options | Optional |
Financial instruments | 61 forex pairs; 25 index CFDs; 21 cryptocurrencies; more than 2100 large-cap stocks from ASX, NASDAQ and NYSE; more than 20 CFDs for energy, agricultural and metal commodities (gold, silver, copper, etc.) |
Standard accounts are not something special about IC Markets。In fact, more traders seek Australian brokers to take advantage of their original spread accounts than standard accounts, and the main difference between the two accounts is the transaction cost structure。
The original spread account allows the actual market spread from 0..Starting at 0, commission of $7 per lot per round。Therefore, it is best for scalpers and EA users。
IC Markets standard accounts use 0.The markup spread from 6 o'clock, with zero commission, is more suitable for discretionary traders, that is, anyone who aims to directly control transactions instead of using robots or strict systems。
Exness Standard Account
The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。
Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。
Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。
Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。
Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。
Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。
Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。
In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。
Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。
Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。
One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。
With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。
Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。
Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。
It can be concluded from the comments above that Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。
Minimum deposit | Most of $10 |
Maximum Leverage | 1: Unlimited |
Spread | 0.From 3 o'clock |
Deposits | None |
Execution speed | Less than 1 second |
Trading platform | MetaTrader 4 (Standard Cent), MetaTrader5 (Standard), Exness mobile trading program |
Stop Loss Level | 0% |
No Swap Options | Optional |
Financial instruments | More than 100 foreign exchange pairs, more than 30 cryptocurrency CFDs, precious metals CFDs, energy CFDs, equity CFDs and index CFDs |
Exness actually offers two types of standard accounts: typical standard accounts and atypical standard cent accounts。
As the name suggests, the Exness standard account uses the usual US dollar as the basic account currency and is the most popular account in Exness.。It is ideal for all types of traders as the account has access to a wide range of markets including Forex, Metals, Cryptocurrencies, Energy, Stocks and Indices。
The Standard Cent account uses cents as its basic account currency, and it is designed for beginner traders because traders can start trading in a standard account environment while depositing fewer funds。The downside is that the account only allows access to forex and metals。
Which standard account is best??
So, which is the best IC Markets standard account or Exness standard account?We believe you can see some similarities, such as free commissions, trading platforms, and the availability of swap-free options。There are also huge differences between them, including minimum initial deposits, spreads, forced closing levels, etc.。
There is no "best standard account" because an account that is suitable for John Doe may not be suitable for Jane Doe (and vice versa)。However, we can still choose the account that best suits our needs。
Beginners may prefer the Exness standard account because it has lower deposit requirements and lower spreads。However, experienced traders may opt for the IC Markets standard account to enjoy a safer trading experience, faster execution speed and functional stop loss features.。
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