IC Markets vs Exness: Which Broker Wins for Togo Traders in 2026?
Which broker is better for Togo traders in 2026? Expert analysis across 12 categories.
For Togo traders looking to enter the forex market in 2026, choosing between IC Markets and Exness can be a tough decision. Both brokers boast a 4.8/5 rating and offer a robust trading environment tailored to retail traders. IC Markets is renowned for its ultra-low spreads and high-speed execution, making it a favorite among scalpers and algorithmic traders. Exness, on the other hand, stands out with its flexible deposit options—including Bank Transfer, Skrill, Neteller, and USDT—and unlimited leverage, which appeals to traders with smaller capital. In Togo, where access to reliable payment methods is crucial, both brokers support local-friendly deposit channels. The local financial regulator does not directly oversee these international brokers, but both operate under strict licenses from CySEC and FCA, ensuring a secure trading experience. This comparison will help you decide which broker aligns best with your trading style and local needs in Togo.
| 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 Togo traders, IC Markets offers a clear advantage with its Raw Spread account featuring spreads from 0.0 pips and a commission of $7 per lot round-turn. Exness provides competitive spreads starting from 0.1 pips on its Zero account, with commissions as low as $3.50 per lot. For Togo traders executing high volumes, IC Markets can save significant costs over time. However, Exness may be more attractive for traders who prefer no-commission accounts like Standard, where spreads start from 0.3 pips. Overall, IC Markets edges ahead for cost-conscious Togo traders, but Exness offers a good balance for those who prioritize simplicity.
| 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 |
|---|---|---|
| Togo (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 provide industry-leading platforms tailored to Togo traders. IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, all with advanced charting tools and fast execution. Exness also supports MT4 and MT5, plus its proprietary web and mobile platforms. For Togo traders, the availability of cTrader on IC Markets is a plus for those who prefer a modern interface. Exness’s platforms are slightly more user-friendly for beginners. Both brokers offer mobile apps with full functionality, ensuring you can trade on the go from Lomé or anywhere in Togo.
| 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 ultra-fast execution with an average speed of 40ms, ideal for scalpers and high-frequency traders in Togo. Exness offers execution speeds of around 50ms, still excellent for most retail traders. Both use No Dealing Desk (NDD) models with no requotes. For Togo traders needing minimal slippage, IC Markets has a slight advantage, but Exness provides reliable execution with good fill rates.
| 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), while Exness holds licenses from the Financial Conduct Authority (FCA) and CySEC. Neither broker is directly regulated by the Togo local financial regulator, but both comply with international standards that protect client funds. For Togo traders, this means your funds are kept in segregated accounts and you have access to investor compensation schemes. Exness also offers negative balance protection, which is valuable in volatile markets. Both brokers provide a safe trading environment for Togolese residents.
| 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 |
Depositing and withdrawing funds is straightforward for Togo traders at both IC Markets and Exness. IC Markets supports Bank Transfer, Skrill, Neteller, and USDT, with instant processing for e-wallets and no deposit fees. Exness also accepts these methods, plus additional options like Perfect Money and local bank transfers. Exness stands out with a minimum deposit of just $10 (or equivalent in USDT), making it highly accessible for Togo traders with smaller budgets. IC Markets requires a $200 minimum deposit. Withdrawals are processed quickly at both brokers: e-wallets take 24 hours, bank transfers 1-3 days. USDT deposits are particularly useful for Togo traders who prefer cryptocurrency-based funding for faster, lower-cost transactions.
| 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 Togo Muslim traders who follow Sharia law. IC Markets provides swap-free accounts with no swap charges on all instruments, available on request for most account types. Exness also offers Islamic accounts without additional fees, applicable to Standard, Cent, and Zero accounts. Neither broker charges extra for these accounts, and you can convert your existing account to Islamic by contacting support. For Togo traders, this ensures you can trade forex without violating religious principles, with both brokers offering equal access to swap-free conditions.
| 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 for Togo traders is available 24/5 at IC Markets and 24/7 at Exness. IC Markets offers live chat, email, and phone support in English, while Exness provides multilingual support including French, which is beneficial for French-speaking Togo traders. Exness has a slight edge with round-the-clock availability and local language options. Both brokers have comprehensive FAQ sections and quick response times.
| 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 from 0.0 pips
- Prefer cTrader platform for advanced charting and customization
- Trade high volumes and want to minimize trading costs
- Have a larger deposit budget (minimum $200) and prioritize execution speed
Choose Exness if you...
- Have a smaller starting capital and need low minimum deposits ($10)
- Want flexible funding via USDT, Skrill, or Neteller with no fees
- Prefer 24/7 customer support in French or English
- Need unlimited leverage and negative balance protection for volatile markets
Both IC Markets and Exness are top-tier brokers for Togo traders, each excelling in different areas. IC Markets wins on trading costs and execution speed, making it ideal for active traders who deposit via Bank Transfer or Skrill. Exness offers greater flexibility with lower minimum deposits, USDT support, and 24/7 support in French—a major plus for Togolese traders. Consider your trading style: if you trade high volumes and want the tightest spreads, go with IC Markets. If you prefer low entry barriers, diverse deposit methods, and multilingual support, Exness is the better choice. Both are regulated and safe, so your final decision should align with your personal trading needs in Togo.