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

When comparing trading costs for Norway traders, IC Markets generally offers lower spreads, particularly on its Raw Spread account with spreads from 0.0 pips on EUR/USD and a commission of $3.5 per lot per side. Exness spreads start from 0.1 pips on its Zero account, with a commission of $3.5 per lot per side. For high-volume traders in Norway, IC Markets can reduce costs significantly. However, Exness has no commission on its Standard account (spreads from 1.0 pips), which suits smaller traders. Both brokers charge no deposit or withdrawal fees for most methods, including USDT and Skrill.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Norway traders for their advanced charting and automated trading capabilities. IC Markets also provides cTrader, known for its user-friendly interface and depth of market, beneficial for scalpers. Exness offers its own WebTerminal and mobile apps, but MT4/MT5 remain the primary platforms. For Norwegian traders, both platforms support Norwegian Krone (NOK) accounts, though USD accounts are more common. IC Markets has a slight edge with cTrader for those who prefer a modern trading environment.

IC Markets is renowned for its fast execution speeds, averaging 40ms on MetaTrader 4 servers located in New York and London. Exness also offers low latency with execution speeds around 50ms. For Norway traders, both brokers provide excellent execution quality, but IC Markets has a slight edge due to its direct market access (DMA) and no requotes. Exness uses a hybrid model combining STP and ECN, which is reliable for most retail traders. Scalpers and high-frequency traders in Norway will prefer IC Markets.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the 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 Norway traders, neither broker is directly supervised by the local financial regulator, but they comply with EU standards (via CySEC) and international norms. This provides a reasonable level of client protection, including negative balance protection and segregated accounts. Norway traders should verify their tax obligations when trading with international brokers.

For Norway traders, both IC Markets and Exness support Bank Transfer, Skrill, Neteller, and USDT (Tether) for deposits and withdrawals. Bank transfers are reliable but may take 1-3 business days, while e-wallets and USDT are instant. IC Markets has a minimum deposit of $200 (or equivalent), while Exness allows as low as $10. Withdrawals are processed quickly: Exness offers instant withdrawals for e-wallets and USDT, while IC Markets processes within 24 hours. No fees are charged by either broker for these methods, making them cost-effective for Norwegian traders. It's advisable to use the same method for deposits and withdrawals to avoid complications.

Both IC Markets and Exness offer Islamic (swap-free) accounts for Norway Muslim traders who require Sharia-compliant trading. These accounts eliminate overnight interest (swap) on positions held beyond the trading day. Exness provides Islamic accounts automatically on all account types, while IC Markets offers them upon request and approval. For Norway traders, this is a valuable option, especially for those trading major forex pairs where swaps can accumulate. Ensure to check the broker's policy on holding positions for extended periods, as some may apply fees after a certain number of days.

Both brokers offer 24/7 customer support in multiple languages, including English and Norwegian. IC Markets provides live chat, email, and phone support, with response times under 5 minutes for chat. Exness also offers 24/7 support via live chat, email, and phone, with a dedicated Norwegian-speaking team. For Norway traders, Exness has a slight advantage with its local language support, though IC Markets' support is equally efficient. Both have extensive FAQ sections on their websites.