When choosing a forex broker, investors usually consider various factors such as regulatory situation, trading platform, transaction fees, customer service, etc.。This article will compare two well-known forex brokers from these perspectives.- Exness and IC Markets to help you make smarter choices。

Regulatory situation

Exness: Exness's parent company, Exness Limited, is regulated by the Seychelles Financial Services Authority (FSA)。In addition, its branches in the UK and the EU are regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), respectively.。

IC Markets: IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC)。In addition, it has branches in the Bahamas, which are regulated by the Securities Commission of the Bahamas (SCB).。

Both brokers are regulated by multiple financial regulators, providing investors with some financial security。

Trading platform

Exness: Exness offers two trading platforms, MetaTrader 4 and MetaTrader 5。Both platforms have powerful features such as advanced charting tools, Expert Advisor (EA) trading, multiple order types, and more。

IC Markets: IC Markets also offers MetaTrader 4 and MetaTrader 5, in addition to the cTrader platform。cTrader is loved by many traders for its user-friendly interface, advanced charting features and fast order execution speed。

Both brokers offer the industry's top trading platforms, and investors can choose the right platform according to their needs。

Transaction costs

Exness: Exness offers two types of market and limit accounts。Market accounts have no commissions, but higher spreads; limit accounts have commissions, but lower spreads。In addition, Exness offers Islamic accounts with no overnight interest.。

IC Markets: IC Markets offers standard accounts and raw spread accounts。The standard account has no commission and the spread starts at 1 point; the original spread account has $3.5's commission, but the spread is as low as 0 points。IC Markets also offers Islamic accounts with no overnight interest。

Both brokers have reasonable trading fees and investors can choose the right account type based on their trading strategy and trading frequency.。

Customer Service

Exness: Exness provides 24 / 7 online customer support, including live chat, phone and email。In addition, Exness offers a wealth of educational resources such as market analysis, educational videos, webinars, and more。

IC Markets: IC Markets also offers 24 / 7 online customer support and provides a detailed FAQ area on its website to help answer some of the frequently asked questions from investors。IC Markets also provides a wealth of educational resources, including trading courses, market analysis, educational articles and more.。

Both brokers attach great importance to customer service, providing 24 / 7 online customer service and rich educational resources。

Deposit and withdrawal

Exness: Exness supports multiple deposit and withdrawal methods, such as bank transfers, credit / debit cards, e-wallets (such as Skrill and Neteller), and more。Exness does not charge fees for deposits and withdrawals, but banks or payment service providers may charge fees。

IC Markets: IC Markets also supports a variety of deposit and withdrawal methods, including bank transfers, credit / debit cards, e-wallets (such as PayPal, Skrill and Neteller), and more.。IC Markets does not charge a deposit fee, but may charge a fee when the deposit is made。

Both brokers offer a variety of convenient ways to deposit and withdraw money, making money management easier。

SUMMARY

In general,Both Exness and IC Markets are trusted brokers that offer excellent trading platforms, reasonable trading fees, 24 / 7 customer service and convenient ways to deposit and withdraw money。When choosing a broker, you should compare these factors to make a decision based on your trading needs and preferences。Whichever one you choose, you should try out its demo account first to better understand its trading environment and services。