IC Markets vs Exness 2026: Which Broker is Better for Papua New Guinea Traders?

When comparing trading costs for Papua New Guinea traders, IC Markets holds a slight edge with its Raw Spread account offering spreads from 0.0 pips and a commission of $3.50 per lot per side. Exness offers a Zero account with spreads from 0.1 pips and a commission of $3.50 per lot per side, while its Standard account has no commission but wider spreads. For a Papua New Guinea trader executing 10 standard lots per month, IC Markets could save approximately $70 in spread costs compared to Exness Standard account. Both brokers offer competitive pricing, but IC Markets is more cost-effective for high-volume traders.

Both IC Markets and Exness provide the MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Papua New Guinea traders for their advanced charting tools and automated trading capabilities. IC Markets also offers cTrader, a platform popular among scalpers for its fast execution and advanced order types. Exness provides a proprietary WebTerminal for quick access without installation. For Papua New Guinea traders who prefer mobile trading, both brokers have fully functional mobile apps compatible with iOS and Android. IC Markets' cTrader is a unique advantage for those needing advanced order management.

IC Markets is renowned for its ECN execution with low latency and no requotes, making it ideal for scalpers and algorithmic traders in Papua New Guinea. Exness also offers fast execution with its proprietary infrastructure, but may have occasional slippage during high volatility. Both brokers provide execution speeds under 50 milliseconds on average. For Papua New Guinea traders using Expert Advisors (EAs), IC Markets' cTrader platform offers superior execution transparency with Level II pricing.

IC Markets is regulated by top-tier authorities including ASIC (Australia) and CySEC (Cyprus), while Exness holds licenses from FCA (UK), CySEC, and FSA (Seychelles). For Papua New Guinea traders, neither broker is directly regulated by the local financial regulator, but both operate under international standards. This means Papua New Guinea traders benefit from strong investor protection measures such as segregated client funds and negative balance protection offered by these regulators. Exness also offers a more flexible leverage environment for professional traders outside strict EU regulations, which can be advantageous for Papua New Guinea residents seeking higher leverage.

Papua New Guinea traders have several convenient deposit and withdrawal options at both brokers. IC Markets supports Bank Transfer, Skrill, Neteller, and USDT (Tether) with instant processing for e-wallets and crypto. Minimum deposit is $200 for most methods. Exness also accepts Bank Transfer, Skrill, Neteller, and USDT, with a lower minimum deposit of just $10 for e-wallets and USDT. Withdrawals at Exness are typically processed within 24 hours for e-wallets and USDT, while IC Markets processes withdrawals within 1 business day. For bank transfers, both brokers may take 2-5 business days depending on the intermediary banks. USDT deposits are particularly popular among Papua New Guinea traders due to speed and low fees.

Both IC Markets and Exness offer Islamic (swap-free) accounts for Papua New Guinea Muslim traders who wish to trade in accordance with Sharia law. IC Markets provides swap-free accounts on all account types, including Standard and Raw Spread, with no swap fees on overnight positions. Exness offers Islamic accounts on its Standard and Zero accounts, but may apply a small administrative fee after a certain holding period. Papua New Guinea traders should contact each broker's support team to activate the Islamic account feature and confirm any specific conditions. IC Markets is generally more straightforward with its swap-free policy.

IC Markets offers 24/7 customer support via live chat, email, and phone, with multilingual agents available. Exness also provides 24/7 support through live chat, email, and phone, with a strong reputation for fast response times. For Papua New Guinea traders, both brokers have English-speaking support teams. Exness has a slight edge with its 24/7 live chat availability in multiple languages, including local time zone coverage for Papua New Guinea (GMT+10). IC Markets' support is also reliable but may have slightly longer wait times during peak hours.