IC Markets vs Exness: Which Broker Suits Hungary Traders in 2026?

For Hungary traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $7 commission per lot, making it cheaper for high-volume traders. Exness spreads start at 0.1 pips on its Zero account, but its standard account has spreads around 1.0 pips with no commission. For a Hungary trader executing 10 lots per month on EUR/USD, IC Markets saves approximately $20 in spread costs compared to Exness. However, Exness offers lower costs for small retail traders on its standard accounts, where no commission applies. Both brokers have no hidden fees for Hungary clients, but IC Markets edges out for active traders.

Both brokers offer MetaTrader 4 and MetaTrader 5, widely used by Hungary traders for their advanced charting and automated trading. IC Markets also provides cTrader, which is popular among scalpers for its fast execution and depth of market. Exness offers a proprietary web platform and mobile app, which Hungary traders appreciate for its simplicity and quick access to local payment methods. For Hungary retail traders, IC Markets is better for algorithmic trading, while Exness suits those who prefer a modern, user-friendly interface. Both platforms support Hungarian language in their interfaces, though not fully localized.

IC Markets boasts execution speeds under 40 milliseconds on its raw spread accounts, ideal for Hungary scalpers trading EUR/HUF. Exness execution averages 50-60 milliseconds, still fast but slightly slower. Both brokers offer no dealing desk (NDD) execution, ensuring no requotes. For Hungary traders, IC Markets’s speed is better for high-frequency strategies, while Exness’s execution is reliable for standard trading.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering negative balance protection. Exness holds licenses from the Financial Conduct Authority (FCA) and CySEC, plus additional oversight from the Financial Services Authority (FSA) in Seychelles. While neither broker is directly regulated by the local financial regulator in Hungary, both comply with European Union standards through CySEC, ensuring client funds are segregated and insured. Hungary traders should note that Exness’s FCA regulation provides additional investor protection, making it slightly safer for retail clients.

Hungary traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports these methods with no deposit fees, and withdrawals via e-wallets are processed within 24 hours. Exness excels with instant withdrawals for Skrill, Neteller, and USDT, while bank transfers take 1-3 business days. Minimum deposits are low: IC Markets requires $200, while Exness starts at $10, making it more accessible for new Hungary traders. Both brokers accept HUF via currency conversion, but USDT deposits avoid conversion fees. Exness’s faster withdrawal processing is a major advantage for Hungary traders needing quick fund access.

Both IC Markets and Exness offer Islamic accounts (swap-free) for Hungary Muslim traders. IC Markets provides this option upon request after account verification, with no swap fees on overnight positions. Exness automatically applies swap-free status to eligible accounts, covering all instruments except certain commodities. For Hungary traders, Exness’s automatic setup is more convenient, while IC Markets requires manual approval. Both brokers ensure compliance with Sharia law, making them suitable for Muslim traders in Hungary. Note that Exness may charge a small administrative fee for holding positions beyond a few days, while IC Markets is completely free.

Both brokers offer 24/7 customer support in English, but IC Markets lacks Hungarian language support. Exness provides support in Hungarian through live chat and email, which is a clear advantage for Hungary traders. IC Markets responds quickly via email and phone, but language barriers may arise. For Hungary retail traders, Exness’s localized support is more helpful, especially for account issues.