IC Markets vs Exness: Which Broker Suits Hungary Traders in 2026?
Which broker is better for Hungary traders in 2026? Expert analysis across 12 categories.
When comparing IC Markets vs Exness for Hungary traders in 2026, both brokers stand out with a 4.8/5 rating, but they cater to different needs. Hungary retail traders favor IC Markets for its ultra-low spreads and raw pricing model, ideal for scalping EUR/HUF or major pairs. Exness, on the other hand, attracts traders with flexible leverage up to 1:2000 and instant withdrawals via local payment methods like Bank Transfer, Skrill, Neteller, and USDT. Both brokers are unregulated by the local financial regulator but hold strong international licenses. For Hungary traders, the choice often comes down to trading volume: IC Markets suits cost-sensitive scalpers, while Exness appeals to those needing high leverage and fast fund access. This comparison dives into spreads, platforms, regulation, and local payment options to help you decide.
| 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 Hungary traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, making it cheaper for high-volume traders. Exness spreads start at 0.1 pips on its Zero account, but its standard account has spreads around 1.0 pips with no commission. For a Hungary trader executing 10 lots per month on EUR/USD, IC Markets saves approximately $20 in spread costs compared to Exness. However, Exness offers lower costs for small retail traders on its standard accounts, where no commission applies. Both brokers have no hidden fees for Hungary clients, but IC Markets edges out for active traders.
| 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 |
|---|---|---|
| Hungary (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 brokers offer MetaTrader 4 and MetaTrader 5, widely used by Hungary traders for their advanced charting and automated trading. IC Markets also provides cTrader, which is popular among scalpers for its fast execution and depth of market. Exness offers a proprietary web platform and mobile app, which Hungary traders appreciate for its simplicity and quick access to local payment methods. For Hungary retail traders, IC Markets is better for algorithmic trading, while Exness suits those who prefer a modern, user-friendly interface. Both platforms support Hungarian language in their interfaces, though not fully localized.
| 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 boasts execution speeds under 40 milliseconds on its raw spread accounts, ideal for Hungary scalpers trading EUR/HUF. Exness execution averages 50-60 milliseconds, still fast but slightly slower. Both brokers offer no dealing desk (NDD) execution, ensuring no requotes. For Hungary traders, IC Markets’s speed is better for high-frequency strategies, while Exness’s execution is reliable for standard 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 the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering negative balance protection. Exness holds licenses from the Financial Conduct Authority (FCA) and CySEC, plus additional oversight from the Financial Services Authority (FSA) in Seychelles. While neither broker is directly regulated by the local financial regulator in Hungary, both comply with European Union standards through CySEC, ensuring client funds are segregated and insured. Hungary traders should note that Exness’s FCA regulation provides additional investor protection, making it slightly safer for retail clients.
| 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 |
Hungary traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports these methods with no deposit fees, and withdrawals via e-wallets are processed within 24 hours. Exness excels with instant withdrawals for Skrill, Neteller, and USDT, while bank transfers take 1-3 business days. Minimum deposits are low: IC Markets requires $200, while Exness starts at $10, making it more accessible for new Hungary traders. Both brokers accept HUF via currency conversion, but USDT deposits avoid conversion fees. Exness’s faster withdrawal processing is a major advantage for Hungary traders needing quick fund access.
| 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 accounts (swap-free) for Hungary Muslim traders. IC Markets provides this option upon request after account verification, with no swap fees on overnight positions. Exness automatically applies swap-free status to eligible accounts, covering all instruments except certain commodities. For Hungary traders, Exness’s automatic setup is more convenient, while IC Markets requires manual approval. Both brokers ensure compliance with Sharia law, making them suitable for Muslim traders in Hungary. Note that Exness may charge a small administrative fee for holding positions beyond a few days, while IC Markets is completely free.
| 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 |
Both brokers offer 24/7 customer support in English, but IC Markets lacks Hungarian language support. Exness provides support in Hungarian through live chat and email, which is a clear advantage for Hungary traders. IC Markets responds quickly via email and phone, but language barriers may arise. For Hungary retail traders, Exness’s localized support is more helpful, especially for account issues.
| 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 high-volume scalper needing ultra-low spreads from 0.0 pips.
- Trade algorithmic strategies using cTrader or MetaTrader 5.
- Prefer raw pricing with commission for cost efficiency on large lots.
- Want a broker with proven speed under 40ms for EUR/HUF pairs.
Choose Exness if you...
- Need high leverage up to 1:2000 for small account trading.
- Value instant withdrawals via Skrill, Neteller, or USDT.
- Prefer Hungarian language customer support and local payment methods.
- Are a beginner with a low minimum deposit of $10.
For Hungary traders in 2026, the choice between IC Markets and Exness depends on your trading style. IC Markets wins for cost-conscious scalpers with its tight spreads and fast execution, but it lacks Hungarian support. Exness is better for beginners and those needing high leverage, instant withdrawals via Bank Transfer, Skrill, Neteller, or USDT, and localized support. Both brokers are safe, with strong international regulation, though not by the local financial regulator. If you trade frequently and prioritize low costs, go with IC Markets. If you value flexibility, fast fund access, and Hungarian language assistance, Exness is the better fit. Overall, both are excellent choices for Hungary retail traders.