IC Markets vs Exness: A Complete Comparison for Cambodia Traders (2026)
Which broker is better for Cambodia traders in 2026? Expert analysis across 12 categories.
For Cambodia retail traders seeking a reliable forex broker, IC Markets and Exness are two of the most popular choices in 2026. Both brokers boast a 4.8/5 rating and offer robust trading environments tailored to local needs. IC Markets is known for its ultra-low spreads, deep liquidity, and advanced platforms like MetaTrader 4/5 and cTrader, making it a go-to for serious scalpers and algorithmic traders in Phnom Penh and beyond. Exness, on the other hand, attracts a wide audience with its flexible leverage (up to unlimited), instant withdrawals, and a user-friendly interface that suits beginners and seasoned traders alike. Cambodia traders benefit from local payment options including Bank Transfer, Skrill, Neteller, and USDT, all supported in USD. While neither broker is directly regulated by a Cambodian financial regulator, both operate under stringent international oversight, providing a secure trading environment. This comparison covers trading costs, platforms, regulation, deposit methods, Islamic accounts, and more to help you decide which broker aligns with your trading style and goals in Cambodia.
| 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 Cambodia traders, trading costs are a critical factor, especially for those trading high volumes. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $3.50 per lot per side, resulting in a total cost of around $7 per lot round turn. This is ideal for scalpers and day traders in Cambodia who execute many trades daily. Exness provides a Zero account with spreads from 0.1 pips and a commission of $3.50 per lot per side, making it slightly more expensive for high-frequency traders. However, Exness also offers a Standard account with no commission but wider spreads (around 1.0 pip on EUR/USD). For Cambodia traders focusing on low costs, IC Markets is generally more cost-effective, while Exness may appeal to those who prefer commission-free trading or smaller account sizes.
| 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 |
|---|---|---|
| Cambodia (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 offer powerful trading platforms that cater to Cambodia traders. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, which are ideal for algorithmic trading, advanced charting, and fast execution. cTrader is particularly popular among Cambodia scalpers for its depth of market and order flow features. Exness also supports MT4 and MT5, along with its proprietary WebTrader platform, which offers a clean interface and one-click trading. For Cambodia traders, the choice depends on personal preference: IC Markets is better for those who need advanced tools and automation, while Exness suits traders who value simplicity and mobile trading convenience.
| 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 renowned for its ultra-fast execution with no requotes, thanks to its Equinix NY4 data center and low-latency connectivity. This is ideal for Cambodia scalpers and algorithmic traders. Exness also offers fast execution with a 99.9% order fill rate, but may experience occasional slippage during high volatility. For Cambodia traders requiring precision and speed, IC Markets is the better choice.
| 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 the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles. Exness holds licenses from the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Services Authority (FSA) of Seychelles. For Cambodia traders, neither broker is directly supervised by a local financial regulator, but the international oversight provides a high level of security. Exness is known for its transparent financial reporting and negative balance protection, while IC Markets offers segregated client funds. Cambodia traders should verify that their chosen entity (e.g., Seychelles for both) offers adequate protection and leverage options.
| 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 |
Cambodia traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both IC Markets and Exness. IC Markets requires a minimum deposit of $200 and processes withdrawals within 1-2 business days for e-wallets, with no fees. Exness offers a lower minimum deposit of $10 and instant withdrawals for Skrill, Neteller, and USDT, making it more accessible for smaller traders. Bank transfers may take 1-3 days for both brokers. USDT (Tether) is increasingly popular in Cambodia for its speed and low fees. Exness also supports local Cambodian bank transfers through third-party providers, though availability may vary. Both brokers accept USD deposits, eliminating currency conversion costs for Cambodia traders.
| 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 Cambodia Muslim traders who require Sharia-compliant trading. IC Markets provides swap-free accounts on all account types, including Raw Spread and Standard, with no additional fees. Exness offers Islamic accounts on Standard and Cent accounts, but not on Zero or Pro accounts. Cambodia traders must request the Islamic account during registration and provide a valid reason (e.g., religious belief). Both brokers ensure that overnight positions incur no interest, aligning with Islamic finance principles. It's advisable to confirm the terms with customer support, as some brokers may charge a fee after a holding period.
| 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 multilingual agents including English and Chinese. Exness also provides 24/7 support through live chat, email, and phone, with a dedicated team for Cambodian clients. Exness has a slight edge with faster response times and a comprehensive FAQ section in Khmer. For Cambodia traders, both brokers are reliable, but Exness may be more responsive for local 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...
- are a scalper or day trader who needs ultra-low spreads and fast execution.
- prefer advanced platforms like cTrader for algorithmic trading.
- trade high volumes and want to minimize transaction costs.
- value deep liquidity and no requotes during volatile markets.
Choose Exness if you...
- are a beginner or retail trader with a small account (minimum $10 deposit).
- want instant withdrawals via Skrill, Neteller, or USDT.
- prefer flexible leverage up to unlimited for larger positions.
- need a user-friendly platform and 24/7 support in Khmer.
For Cambodia traders, the choice between IC Markets and Exness ultimately depends on your trading style and priorities. IC Markets excels with its razor-thin spreads, advanced platforms, and superior execution, making it ideal for professional scalpers and algorithmic traders. Exness, however, offers unmatched flexibility with unlimited leverage, instant withdrawals, and a low minimum deposit, appealing to beginners and those who prioritize accessibility. Both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and operate under reputable international regulators. While neither is directly regulated by a Cambodian financial regulator, the oversight from ASIC, FCA, and CySEC ensures a secure trading environment. We recommend IC Markets for cost-conscious, high-frequency traders, and Exness for traders seeking flexibility and fast fund access. Test both with demo accounts to find the best fit for your Cambodia trading journey.