IC Markets vs Exness: A Complete Comparison for Brazil Traders (2026)
Which broker is better for Brazil traders in 2026? Expert analysis across 12 categories.
For Brazil traders navigating the forex market in 2026, choosing between IC Markets and Exness is a critical decision. Both brokers are highly rated (4.8/5) and cater to retail traders with robust offerings. IC Markets, an Australian-based broker, is renowned for its ultra-low spreads, deep liquidity, and advanced trading tools, making it a favorite among scalpers and algorithmic traders. Exness, headquartered in Cyprus, stands out with its flexible leverage (including unlimited for certain accounts), instant withdrawals, and user-friendly platforms, appealing to both beginners and experienced traders. Brazil traders will appreciate that both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and operate under strict international regulations. While neither is directly regulated by the local financial regulator (CVM), they are trusted globally. This comparison dives into spreads, platforms, regulation, and local payment options to help you decide which broker aligns with your trading style and goals in Brazil.
| 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 |
When comparing trading costs for Brazil traders, IC Markets has a slight edge on spreads. Its Raw Spread account offers spreads from 0.0 pips with a commission of $3.50 per lot round turn, ideal for high-volume traders. Exness’s Zero account also starts at 0.0 pips but charges a similar commission of $3.50 per lot, though its Standard account has wider spreads (around 0.3 pips) with no commission. For Brazil traders trading pairs like USD/BRL or EUR/USD, IC Markets’ lower spreads reduce costs over time, especially for scalpers. Exness, however, offers lower swap rates on certain positions, which can benefit long-term holders. Both brokers provide transparent pricing, but IC Markets is better for active traders focused on tight spreads.
| 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 |
|---|---|---|
| Brazil (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 | ✓ | ✓ |
IC Markets offers the widest platform selection for Brazil traders, including MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, all optimized for speed and advanced charting. Exness also provides MT4, MT5, and its proprietary WebTerminal, but lacks cTrader. For Brazil traders who rely on automated trading or custom indicators, IC Markets’ cTrader support is a significant advantage. Exness’s platforms are simpler and more intuitive, making them suitable for beginners. Both brokers offer mobile apps for iOS and Android, ensuring seamless trading on the go. Overall, IC Markets is better for tech-savvy traders, while Exness offers a more straightforward experience.
| 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 superior execution speed, with an average of 40ms and no requotes, thanks to its Equinix NY4 data centers and low-latency infrastructure. Exness also offers fast execution (around 50ms) but may have occasional slippage during volatile markets. For Brazil traders who scalp or use algorithmic strategies, IC Markets’ execution is more reliable. Exness’s execution is still excellent for most retail traders, but IC Markets has a clear advantage for high-frequency trading.
| 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 | ✓ | ✓ |
IC Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles. Exness is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Services Authority (FSA) in Seychelles. For Brazil traders, this means both brokers offer strong client protection through segregated accounts and negative balance protection. While the local financial regulator (CVM) does not directly oversee these brokers, trading with internationally regulated entities is legal and common in Brazil. Exness’s FCA regulation provides an extra layer of security for European clients, but for Brazil, both are equally reliable.
| 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 |
Brazil traders can fund their accounts at both IC Markets and Exness using Bank Transfer, Skrill, Neteller, and USDT. IC Markets also accepts credit/debit cards and PayPal, while Exness offers additional options like online banking and local payment systems. Minimum deposits are $200 for IC Markets and $10 for Exness, making Exness more accessible for beginners. Withdrawals are processed quickly: IC Markets typically takes 1-2 business days for e-wallets and 2-5 days for bank transfers, while Exness offers instant withdrawals for e-wallets and USDT, and 1-3 days for bank transfers. Both brokers do not charge deposit fees, but bank transfer fees may apply. For Brazil traders, Exness’s instant withdrawal system and lower minimum deposit are notable advantages.
| 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 |
Both IC Markets and Exness offer Islamic (swap-free) accounts for Brazil traders who require them due to religious beliefs. IC Markets provides swap-free accounts on all account types, but after a holding period (usually 30 days), a small administration fee may be charged. Exness offers Islamic accounts with no swap fees on all forex instruments and no additional charges, making it a more straightforward option. Brazil Muslim traders should contact the respective broker’s support team to confirm eligibility and any specific terms. Exness’s no-fee policy gives it a slight edge for long-term Islamic account holders.
| 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 |
IC Markets offers 24/7 customer support via live chat, email, and phone, with Portuguese language support available. Exness also provides 24/7 support in multiple languages, including Portuguese, through live chat, email, and phone. Both brokers have responsive teams, but Exness is known for faster response times (under 1 minute on live chat). For Brazil traders, having Portuguese support is crucial, and both brokers deliver. Exness’s speed and efficiency make it a top choice for support.
| 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...
- Are a scalper or algorithmic trader who needs ultra-low spreads and fast execution.
- Prefer advanced platforms like cTrader for custom indicators and automated trading.
- Trade high volumes and want to minimize costs with raw spreads from 0.0 pips.
- Value a broker with a strong track record in liquidity and order execution.
Choose Exness if you...
- Are a beginner or retail trader who wants a low minimum deposit ($10) and easy access.
- Need flexible leverage options, including unlimited for certain accounts.
- Prefer instant withdrawals and a wide range of local payment methods like Bank Transfer, Skrill, Neteller, and USDT.
- Want a user-friendly platform with excellent Portuguese support and fast response times.
For Brazil traders in 2026, both IC Markets and Exness are excellent choices, but the decision hinges on your trading style. IC Markets is the clear winner for active traders who prioritize low spreads, fast execution, and advanced platforms like cTrader. It’s ideal for scalpers and algorithmic traders in Brazil. Exness, on the other hand, is more accessible for retail traders with its low minimum deposit, instant withdrawals, and flexible leverage. It also supports local payments like Bank Transfer, Skrill, Neteller, and USDT seamlessly. While neither broker is regulated by the local financial regulator (CVM), both are globally trusted. If you trade frequently and want to minimize costs, go with IC Markets. If you value flexibility, low barriers to entry, and easy fund access, Exness is your best bet. Consider your volume, preferred platforms, and payment methods to choose the broker that fits your needs.