IC Markets vs Exness for Peru Traders: 2026 Comparison
Which broker is better for Peru traders in 2026? Expert analysis across 12 categories.
Peruvian traders seeking a reliable forex broker in 2026 often compare IC Markets and Exness, both scoring an impressive 4.8/5. IC Markets, established in 2007, is known for its deep liquidity and low-latency execution, ideal for active traders in Lima and beyond. Exness, founded in 2008, has grown rapidly in Latin America, offering flexible leverage and instant withdrawals. Both brokers accept Peruvian clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT. The local financial regulator oversees compliance, ensuring a secure trading environment. Whether you trade from a desktop in Miraflores or on mobile in Cusco, understanding their differences in spreads, platforms, and regulations is crucial. This comparison focuses on Peruvian retail traders, analyzing costs, deposit methods, and support to help you choose the best broker for your forex journey.
| 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 Peruvian traders, trading costs are a key differentiator. IC Markets offers Raw Spread accounts with spreads from 0.0 pips and a $7 commission per lot round turn, making it cost-effective for high-volume scalpers. Exness provides Zero accounts with spreads from 0.1 pips and a $3.5 commission per side, or Standard accounts with no commission but wider spreads. On a typical EUR/USD trade of 1 lot, IC Markets costs about $7 total, while Exness Zero costs $7 per side ($14 round turn). For Peruvian traders trading 10 lots daily, IC Markets saves approximately $70 per day. Both brokers have no hidden fees, but Exness' lower minimum deposit ($10 vs $200) benefits smaller retail accounts.
| 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 |
|---|---|---|
| Peru (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 (MT4) and MetaTrader 5 (MT5), plus proprietary web and mobile platforms. IC Markets provides cTrader for advanced charting and ECN-style trading, popular among Peruvian scalpers. Exness offers its own WebTerminal and mobile app with built-in analysis tools. For Peruvian traders with variable internet speeds, Exness' lighter web platform loads faster, while IC Markets' cTrader is more feature-rich. Both support automated trading via Expert Advisors (EAs) and have VPS options for low-latency execution. Peruvian traders using EAs from Lima should consider IC Markets' raw spreads to maximize EA profitability.
| 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 offers ultra-low latency execution with servers in New York and London, ideal for Peruvian traders using EAs or scalping. Exness provides fast execution with no requotes on most accounts, but its server infrastructure in London and Frankfurt may add slight latency for Peruvian traders. IC Markets' No Dealing Desk (NDD) model ensures direct market access, while Exness uses a hybrid model with occasional internal matching. For Peruvian traders seeking the fastest execution, IC Markets is superior.
| 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), Cyprus Securities and Exchange Commission (CySEC), and Financial Services Authority (FSA) of Seychelles. Exness is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Services Authority (FSA) of Seychelles. For Peruvian traders, neither broker is directly regulated by the local financial regulator, but both comply with international standards and accept Peruvian clients. The local financial regulator provides guidelines for foreign broker operations, ensuring transparency. Peruvian traders should check client fund segregation policies: both brokers keep client funds in separate bank accounts, offering protection against insolvency.
| 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 |
Peruvian traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $200 via Bank Transfer, while Skrill and Neteller have a $50 minimum. USDT deposits are processed instantly with no fees. Exness offers a lower minimum deposit of $10 for all methods, including Bank Transfer, Skrill, Neteller, and USDT. Withdrawals at Exness are processed within 24 hours and often instantly for e-wallets, while IC Markets takes 1-2 business days. For Peruvian traders using USDT (TRC20), both brokers support it with low fees. Bank transfers to Peruvian banks (e.g., BCP, Interbank) are available but may incur intermediary charges. Overall, Exness is faster for withdrawals, while IC Markets has higher deposit limits for active 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 Peruvian Muslim traders who require Sharia-compliant trading. IC Markets provides swap-free accounts on request for all account types (Standard, Raw Spread, cTrader), with no overnight interest on positions. Exness offers automatic swap-free accounts on Standard and Raw Spread accounts, but not on Zero or Pro accounts. Peruvian traders should note that swap-free accounts may have limited holding periods (e.g., 30 days) to prevent abuse, and both brokers reserve the right to revert to standard accounts if positions are held indefinitely. For Peruvian traders in cities like Lima with a Muslim community, Exness' automatic setup is more convenient.
| 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 dedicated Spanish-speaking agents for Peruvian traders. Exness also provides 24/7 support in Spanish via live chat and phone, with a faster average response time of under 30 seconds. Both brokers have extensive FAQ sections in Spanish. For Peruvian traders, Exness' phone support is more reliable for urgent issues, while IC Markets' email support is thorough for technical questions.
| 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...
- Trade high volumes (10+ lots per day) and need the tightest spreads from 0.0 pips.
- Use Expert Advisors (EAs) and require low-latency execution with cTrader.
- Prefer a broker with a strong track record since 2007 and ASIC regulation.
- Can deposit $200 or more via Bank Transfer or USDT.
Choose Exness if you...
- Start with a small account and need a $10 minimum deposit.
- Want instant withdrawals via Skrill, Neteller, or USDT.
- Need flexible leverage up to 1:2000 for larger positions.
- Prefer a broker with 24/7 Spanish phone support and automatic Islamic accounts.
For Peruvian traders in 2026, both IC Markets and Exness are excellent choices, but your decision should hinge on trading style and deposit preferences. IC Markets wins for cost efficiency on high-volume trading, with spreads from 0.0 pips and robust cTrader platform, ideal for scalpers in Lima. Exness excels for retail traders with its low $10 minimum deposit, instant withdrawals via Bank Transfer, Skrill, Neteller, and USDT, and flexible leverage. The local financial regulator provides a safety net, but neither broker is directly overseen by it. If you trade frequently and prioritize low costs, choose IC Markets. If you value fast withdrawals and low entry barriers, Exness is better. Both support USDT, a popular method among Peruvian crypto traders. Ultimately, test both with demo accounts to see which fits your workflow.