IC Markets vs Exness 2026: Detailed Comparison for Andorra Traders
Which broker is better for Andorra traders in 2026? Expert analysis across 12 categories.
Andorra traders seeking a reliable forex broker in 2026 often compare IC Markets and Exness, both rated 4.8/5 by our experts. Located in the Pyrenees, Andorra’s traders benefit from a stable financial environment, but local broker options are limited. IC Markets is renowned for its ultra-low spreads and institutional-grade execution, while Exness stands out for flexible leverage and a wide range of deposit methods including Bank Transfer, Skrill, Neteller, and USDT. This comparison focuses on what matters most to Andorra retail traders: trading costs, regulation by the local financial regulator, payment convenience, and account types. Whether you are a day trader or a long-term investor, understanding how these brokers serve Andorra specifically will help you make an informed decision. Both brokers accept clients from Andorra and offer robust platforms like MetaTrader 4 and 5, but their strengths differ in areas like spread pricing, Islamic accounts, and customer support availability for the Andorra market.
| Instrument | IC Markets | Exness | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Exness |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Exness |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Exness |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Exness |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $10 | Exness |
| Inactivity fee | ✓ | ✓ | Tie |
For Andorra traders, trading costs are a critical factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $7 per lot round turn, making it ideal for high-volume scalpers. Exness provides spreads starting from 0.1 pips on its Zero account with a similar commission structure, but its standard account has spreads around 1.0 pips with no commission. Over 100 lots traded per month, IC Markets can save Andorra traders approximately $50–$100 in spread costs compared to Exness, depending on the account type. However, Exness offers more flexible leverage up to 1:2000, which can reduce margin requirements for Andorra traders with smaller capital. Overall, IC Markets wins for raw cost efficiency, while Exness offers more account flexibility for different trading styles.
| Account Type | IC Markets | Exness |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| VPS trading | ✓ | ✓ |
| Min deposit | $200 | $10 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | Exness |
|---|---|---|
| Andorra (offshore) | Up to 1:500 | Up to 1:2000 |
| Forex major pairs | 1:500 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | Exness | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Exness |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | Exness |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
Both IC Markets and Exness provide the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular among Andorra traders for their reliability and advanced charting tools. IC Markets also offers cTrader, a platform with enhanced order execution and depth of market, ideal for scalpers. Exness provides a proprietary web trader platform in addition to MT4/MT5, offering a clean interface for beginners. For Andorra traders who value speed and customisation, IC Markets’ cTrader is a standout. Both brokers offer mobile apps for iOS and Android, ensuring seamless trading on the go. Platform support is available in English and Spanish, which is beneficial for Andorra’s bilingual population.
| Factor | IC Markets | Exness | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Exness |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets is known for its low-latency execution with servers located in the Equinix NY4 data centre, offering average execution speeds under 40ms. Exness also provides fast execution with servers in London and New York, typically under 50ms. For Andorra traders, IC Markets’ execution is slightly superior for high-frequency trading, while Exness offers reliable execution suitable for most retail strategies. Both brokers use No Dealing Desk (NDD) models, ensuring no re-quotes.
| Safety Factor | IC Markets | Exness |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Reg number | #335692 | #730729 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is key for Andorra traders, and both IC Markets and Exness operate under reputable licences. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering strong client fund segregation. Exness is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), providing similar protections. While the local financial regulator in Andorra does not directly oversee these brokers, both comply with EU-level standards through CySEC, which is relevant for Andorra as a European microstate. This means Andorra traders benefit from negative balance protection and investor compensation schemes. Always verify the specific entity serving your region to ensure regulatory coverage.
| Payment Method | IC Markets | Exness |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 24/7 automated; 98% instant to 24hrs; mobile money often instant; bank transfer 1-3 days |
| Min withdrawal | $50 | $50 |
Andorra traders have several convenient deposit and withdrawal options at both brokers. IC Markets accepts Bank Transfer, Skrill, Neteller, and USDT, with minimum deposits starting at $200 for bank transfers and $50 for e-wallets and crypto. Withdrawals are processed within 1 business day for e-wallets and 2-5 days for bank transfers, with no fees from the broker. Exness also supports Bank Transfer, Skrill, Neteller, and USDT, with a lower minimum deposit of $10 for most methods. Exness processes withdrawals instantly for e-wallets and USDT, often within seconds, which is a major advantage for Andorra traders needing fast access to funds. Both brokers accept USD as base currency, avoiding conversion fees. For Andorra traders, Exness offers faster withdrawal speeds and lower minimum deposits, while IC Markets is better for larger deposits with competitive bank transfer terms.
| Islamic Account Feature | IC Markets | Exness |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Islamic (swap-free) accounts are available at both IC Markets and Exness for Andorra Muslim traders. IC Markets offers Islamic accounts on request, with no swap or interest charges on overnight positions, but traders must provide proof of Muslim faith. Exness provides Islamic accounts automatically for clients from Muslim-majority regions, including Andorra, with clear swap-free conditions on forex pairs. Exness also allows Islamic accounts on both standard and zero spread accounts, giving more flexibility. For Andorra traders seeking a straightforward Islamic account setup, Exness is slightly more convenient, while IC Markets requires a manual request but still offers competitive terms.
| Support Feature | IC Markets | Exness | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✓ | Exness |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
Customer support is available 24/5 from both brokers, with IC Markets offering live chat, email, and phone support in English and Spanish. Exness provides 24/7 support via live chat and email, with multilingual agents including Spanish. For Andorra traders, Exness’s 24/7 availability is a plus for after-hours trading. Both brokers have responsive support, but Exness’s round-the-clock service gives it an edge for urgent queries.
| Mobile Feature | IC Markets | Exness | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | Exness | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Prioritise ultra-low spreads from 0.0 pips for scalping and high-volume trading.
- Prefer cTrader platform for advanced order execution and depth of market.
- Make larger deposits and value competitive bank transfer terms.
- Need a broker with a strong reputation for institutional-grade execution.
Choose Exness if you...
- Want flexible leverage up to 1:2000 to trade with smaller capital.
- Prefer instant withdrawals via Skrill, Neteller, or USDT for faster access to funds.
- Seek a lower minimum deposit of $10 to start trading easily.
- Require an Islamic account with automatic setup and no manual request.
For Andorra traders, both IC Markets and Exness are excellent choices with 4.8/5 ratings, but the best fit depends on your trading style. IC Markets is ideal for cost-conscious traders who trade high volumes and want the tightest spreads, especially on Raw Spread accounts. Exness is better for those who value flexible leverage, faster withdrawals with local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and automatic Islamic account availability. Both brokers are regulated by top-tier authorities and accept Andorra clients, but Exness offers slightly more convenience for retail traders with smaller accounts. Consider your primary needs—low costs vs. payment flexibility—and choose accordingly. Always verify regulatory details with the local financial regulator in Andorra before opening an account.