IC Markets vs Exness: Indonesia Trader Comparison 2026
Which broker is better for Indonesia traders in 2026? Expert analysis across 12 categories.
Indonesia traders seeking a reliable forex broker face a tough choice between IC Markets and Exness, both scoring 4.8/5 in our 2026 review. As the Indonesian forex market grows, with many traders in Jakarta, Surabaya, and Bandung using platforms like MetaTrader 4 and 5, the need for low spreads, fast execution, and local payment methods is critical. IC Markets, founded in 2007, is known for its institutional-grade trading conditions, with raw spreads from 0.0 pips and deep liquidity from multiple banks. Exness, established in 2008, offers flexible leverage up to 1:2000 and a wide range of instruments, including forex, indices, and crypto. Both brokers support Indonesian rupiah deposits via Bank Transfer (BCA, Mandiri, BNI), Skrill, Neteller, and USDT, making them accessible. This comparison breaks down costs, regulation, platforms, and local features to help you choose the best broker for your trading style in Indonesia.
| 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 Indonesia traders, trading costs are a major factor, especially for those scalping or trading high volumes. IC Markets offers two account types: Standard (spreads from 0.8 pips, no commission) and Raw Spread (spreads from 0.0 pips, commission $7 per lot round turn). On a typical EUR/USD trade, the Raw Spread account costs around $7.70 per lot including commission, while Standard costs about $8. Exness has Standard (spreads from 0.3 pips, no commission) and Zero (spreads from 0.1 pips, commission $3.5 per lot round turn). For a 10-lot trade daily, IC Markets Raw Spread saves approximately $30 per day versus Exness Zero. However, Exness' lower commission benefits smaller traders trading 1-2 lots daily. Consider your average trade size and frequency when choosing.
| 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 |
|---|---|---|
| Indonesia (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 support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular platforms among Indonesia traders for their advanced charting, automated trading via Expert Advisors (EAs), and custom indicators. IC Markets also offers cTrader, a modern platform with advanced order management and Level II pricing, ideal for scalpers. Exness provides WebTerminal and mobile apps with similar features. For Indonesia traders who rely on EAs for automated strategies, both brokers are EA-friendly, but IC Markets' cTrader offers faster execution for manual traders. MT5 is recommended for those trading multiple asset classes, as it supports more timeframes and analytical tools.
| 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 |
Execution quality is a key differentiator for Indonesia traders, especially scalpers and day traders. IC Markets uses Equinix NY4 data centers and offers raw spreads with execution speeds under 40ms on average. Exness also has fast execution, with speeds under 50ms on its Zero accounts. Both brokers offer no requotes and 99.9% order execution. However, IC Markets' cTrader platform provides deeper liquidity and faster execution for high-frequency strategies. For traders in Indonesia, the physical distance to servers can cause slight latency, but both brokers have servers in Singapore and Hong Kong to minimize delays. Overall, IC Markets has a slight edge for scalping, while Exness is reliable for all strategies.
| 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). Exness is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Services Authority (FSA) in Seychelles. Neither broker is directly regulated by Indonesia's local financial regulator, BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), meaning they are not licensed to operate domestically. However, both offer client fund segregation and negative balance protection. For Indonesia traders, this means you trade with an international broker, which is common but carries no local dispute mechanism. Always verify the broker's regulatory status before depositing.
| 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 |
Indonesia traders can fund their accounts using Bank Transfer (local banks like BCA, Mandiri, BNI, BRI), Skrill, Neteller, and USDT (Tether). IC Markets requires a minimum deposit of $200 for bank transfers, while e-wallets and USDT have no minimum. Exness allows deposits as low as $10 via e-wallets and USDT, making it more accessible for beginners. Withdrawals are processed quickly: IC Markets typically processes within 1-2 business days for bank transfers and instant for e-wallets/USDT. Exness offers instant withdrawals for e-wallets and USDT, and bank transfers take 1-3 days. Both brokers charge no fees for deposits or withdrawals, but your bank may impose charges. Always use the same payment method for deposits and withdrawals to avoid delays.
| 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 |
Indonesia has the world's largest Muslim population, and many traders require swap-free (Islamic) accounts. Both IC Markets and Exness offer Islamic accounts that comply with Sharia law, eliminating interest (riba) on overnight positions. IC Markets provides Islamic accounts on both Standard and Raw Spread accounts, with no swap fees on forex, metals, and indices. Exness offers swap-free accounts on all account types, including Standard, Zero, and Pro. Exness requires no additional documentation, while IC Markets may request a declaration of faith. Both brokers allow you to open an Islamic account during registration. For Indonesia Muslim traders, this ensures your trading aligns with religious principles without compromising on spreads or execution.
| 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 crucial for Indonesia traders, especially when dealing with deposits or technical issues. IC Markets offers 24/7 live chat, email, and phone support in English and Bahasa Indonesia. Their support team is responsive, with average response times under 1 minute on live chat. Exness also provides 24/7 support via live chat, email, and phone, with dedicated Bahasa Indonesia agents. Exness' support is known for its multilingual efficiency. Both brokers have comprehensive FAQ sections on their websites. For quick resolution, Exness' live chat is slightly faster, but IC Markets' email support is more detailed.
| 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 needing ultra-tight spreads from 0.0 pips and fast execution under 40ms.
- Prefer cTrader platform for advanced order management and Level II pricing.
- Trade high volumes (10+ lots daily) and want to minimize spread costs.
- Need a broker with a strong reputation and ASIC regulation.
Choose Exness if you...
- Want flexible leverage up to 1:2000 for larger position sizes with smaller capital.
- Are a beginner or low-volume trader benefiting from a low minimum deposit of $10 via e-wallets.
- Require an Islamic account with no documentation hassle.
- Prefer instant withdrawals and a wide range of instruments including crypto.
Both IC Markets and Exness are excellent choices for Indonesia traders in 2026, but your final decision depends on your trading style and priorities. IC Markets wins for scalpers and high-volume traders with its raw spreads, cTrader platform, and institutional-grade execution. Exness is ideal for traders seeking high leverage, low minimum deposits, and instant withdrawals via Bank Transfer, Skrill, Neteller, or USDT. For Indonesia Muslim traders, both offer Islamic accounts, but Exness' no-documentation process is simpler. Neither broker is regulated by BAPPEBTI, so trade responsibly and use proper risk management. If you prioritize cost efficiency and speed, go with IC Markets. If flexibility and accessibility matter more, choose Exness. Both are trusted globally and support local payment methods seamlessly.