IC Markets vs Exness: Which Broker Is Best for Finland Traders?

For Finland traders, trading costs are a major factor. IC Markets offers tighter spreads on its Raw Spread account (0.0 pips) with a $7 round-turn commission per lot, ideal for high-frequency scalpers. Exness spreads start at 0.3 pips on its Standard account with no commission, but for high-volume traders, the raw spread account is more cost-effective. Over 100 lots per month, IC Markets can save Finnish traders $200-300 compared to Exness standard accounts. However, Exness offers zero spread on certain forex pairs during news events, which occasional traders find beneficial.

Both brokers offer MetaTrader 4, MetaTrader 5, and cTrader, all popular among Finland traders. IC Markets provides cTrader with advanced charting and algorithmic trading capabilities, preferred by Finnish scalpers. Exness also supports these platforms plus its own WebTerminal. For Finnish traders, platform choice often comes down to cTrader’s depth of market (IC Markets) versus Exness’s built-in social trading features. Both platforms are stable and offer fast execution suitable for retail traders in Finland.

IC Markets boasts an average execution speed of 40ms and no requotes, ideal for scalpers in Finland. Exness executes orders in under 100ms with 99.9% fill rates. Both use Equinix data centers in London and New York for low latency. For Finnish traders trading during European sessions, both brokers offer excellent execution quality, but IC Markets edges ahead for high-frequency strategies.

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 regulated by the local financial regulator, meaning Finland traders do not have local investor protection. However, both brokers adhere to strict international standards, including negative balance protection and segregated client funds. Finland traders should verify regulatory status and consider using brokers with local oversight if they prioritize local dispute resolution.

Finland traders can fund accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports instant deposits via Skrill and Neteller with no fees, while Bank Transfers take 1-3 business days and may incur bank charges. Exness also accepts USDT (Tether) on the TRC20 network, which is popular among Finnish crypto users for its low fees and speed. Withdrawals are processed within 24 hours for e-wallets and USDT at Exness, while IC Markets takes up to 1 business day. Both brokers do not charge internal fees, but third-party transfer fees may apply for Bank Transfers. For Finnish traders, USDT deposits offer a fast, low-cost option, especially at Exness.

Both IC Markets and Exness offer Islamic (swap-free) accounts for Finland Muslim traders who require compliance with Sharia law. These accounts do not charge or pay overnight swap fees on positions held beyond the daily rollover. IC Markets provides swap-free accounts on request for all account types, while Exness offers them automatically for clients from countries with Islamic banking requirements. Finland traders should contact support to activate this feature. Both brokers ensure that Islamic accounts maintain standard trading conditions without hidden fees.

IC Markets offers 24/7 customer support via live chat, email, and phone, with Finnish language support available during European hours. Exness provides 24/7 multilingual support including Finnish, with faster response times on live chat. Both brokers have extensive FAQ sections and account managers for VIP clients. For Finland traders, Exness’s dedicated Finnish support team is a slight advantage.