IC Markets vs Exness: A Comprehensive Comparison for Bangladesh Traders (2026)

For Bangladesh traders, trading costs are a major consideration, especially when dealing with the BDT-USD conversion. IC Markets offers tighter spreads starting from 0.0 pips on its Raw Spread account, but charges a commission of $7 per lot round turn. This is ideal for high-volume traders who open multiple lots daily. Exness provides spreads from 0.3 pips on its Standard account with no commission, and 0.1 pips on its Raw Spread account with a $3.5 commission per lot. For a trader in Bangladesh executing 50 lots per month, IC Markets would cost approximately $350 in commission, while Exness would cost $175 on Raw Spread but with slightly wider spreads. Overall, IC Markets is better for scalpers, while Exness suits traders who prioritize low upfront costs.

Both brokers offer the industry-standard MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Bangladesh traders due to their reliability and advanced charting tools. IC Markets also provides cTrader, a platform preferred by scalpers for its faster execution and depth of market. Exness offers a proprietary web platform and mobile app with one-click trading and advanced risk management features. For traders in Bangladesh who often trade on mobile during Dhaka market hours, Exness's mobile app is more user-friendly with instant deposit notifications. IC Markets is better for desktop-based algorithmic traders who need cTrader's advanced features.

IC Markets offers institutional-grade execution with no requotes and average execution speed under 40ms, using Equinix NY4 data centers. Exness also provides fast execution with no dealing desk intervention, but its average speed is around 50ms. For scalpers in Bangladesh trading during London and New York sessions, IC Markets' faster execution can translate to better slippage control. Exness is still excellent for most retail traders, but IC Markets has a slight edge for high-frequency strategies.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering strong client protection under Tier-1 jurisdictions. Exness is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Services Authority (FSA) in Seychelles. For Bangladesh traders, this means your funds are held in segregated accounts and covered by compensation schemes (up to €20,000 under CySEC). The local financial regulator in Bangladesh does not directly oversee forex brokers, so choosing a broker with top-tier regulation adds a layer of security. Exness has an edge with its FCA regulation, which provides access to the UK Financial Ombudsman Service.

Bangladesh traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. 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 most methods, including USDT and Skrill, making it more accessible for retail traders. Withdrawals at Exness are processed instantly for e-wallets, while IC Markets takes 1-2 business days. Bank transfers to Bangladesh banks typically take 2-5 business days for both brokers. Exness also supports local bank transfers via partner banks in Bangladesh, reducing conversion costs. For traders using USDT, both brokers offer competitive conversion rates.

IC Markets offers Islamic (swap-free) accounts upon request for all account types, with no swap fees on overnight positions. This is beneficial for Muslim traders in Bangladesh who want to avoid interest-based charges. Exness automatically provides swap-free accounts for clients from Muslim-majority countries, including Bangladesh, without requiring additional documentation. Both brokers ensure that Islamic accounts comply with Sharia law, but Exness offers a more seamless process. For Bangladesh traders, this means you can start trading immediately without manual requests.

IC Markets provides 24/7 customer support via live chat, email, and phone, with agents available in English and Arabic. Exness offers 24/7 multilingual support including Bengali, which is a significant advantage for Bangladesh traders who prefer local language assistance. Both brokers have extensive FAQ sections, but Exness's live chat response time is faster (under 1 minute). For technical issues during Dhaka trading hours, Exness's Bengali support is more helpful.