IC Markets vs Exness: Which Broker is Best for Sweden Traders in 2026?

For Sweden traders, trading costs are a critical factor, especially for those trading high volumes. IC Markets offers a Raw Spread account with spreads from 0.0 pips and a commission of $7 per lot round turn, which is highly competitive for EUR/USD and other major pairs. Exness provides a Zero account with spreads from 0.1 pips and a commission of $3.5 per side per lot, making it slightly more expensive for scalpers. On a standard account, Exness has no commission but wider spreads. For a Sweden trader executing 10 lots per day, IC Markets can save up to $20 daily compared to Exness on the Zero account. Both brokers have no hidden fees, but IC Markets’ raw pricing is better for high-volume strategies.

Both IC Markets and Exness offer industry-leading platforms that Sweden traders will find familiar and powerful. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader, with the latter offering advanced charting and depth of market—ideal for precision trading. Exness also offers MT4, MT5, and its proprietary WebTerminal, plus mobile apps with one-click trading. Sweden traders who value automated trading will appreciate IC Markets’ superior API support and VPS options, while Exness’s platforms are more intuitive for beginners. Both support Swedish language interfaces and 24/5 support in English and Swedish.

IC Markets is known for its ultra-fast execution with no requotes, using Equinix NY4 data centers and low-latency connectivity, making it ideal for Sweden scalpers and algo traders. Exness also offers fast execution with an average speed of 0.1 seconds on MT4/MT5, but may experience occasional slippage during high volatility. For Sweden traders focused on precise entry and exit, IC Markets’ institutional-grade infrastructure is superior, while Exness provides reliable execution for most retail strategies.

IC Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while Exness is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Neither broker is directly licensed by the Swedish Financial Supervisory Authority (Finansinspektionen), but both operate legally for Swedish clients under EU passporting rules (for CySEC entities) or as international brokers. Sweden traders should note that negative balance protection is standard with Exness for retail clients, while IC Markets offers it on certain entities. Always verify your account type and jurisdiction before trading.

Sweden traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets requires a minimum deposit of $200 (or equivalent in SEK) via Bank Transfer, while e-wallets like Skrill and Neteller have no minimum. Withdrawals are processed within 1-3 business days for bank transfers and instantly for e-wallets. Exness offers a lower minimum deposit of just $10 for most methods, including Skrill and Neteller, and supports USDT with no fees. Exness is known for instant withdrawals 24/7, even on weekends, which is a major advantage for Sweden traders who need quick access to funds. Both brokers accept SEK through Bank Transfer, but conversion fees may apply.

For Sweden’s growing Muslim trading community, both IC Markets and Exness offer Islamic (swap-free) accounts that comply with Sharia law. IC Markets provides Islamic accounts on request for all account types, with no swap charges on overnight positions, but requires a minimum deposit of $200. Exness offers automatic swap-free accounts for clients residing in predominantly Muslim countries, including Sweden, with no extra fees. Exness’s process is more streamlined, as it applies automatically based on account registration, while IC Markets requires a manual request. Both brokers ensure no interest is charged or paid, and positions are closed before rollover to avoid any riba.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Swedish clients available during European business hours. Exness also provides 24/7 support in multiple languages, including Swedish, through live chat, email, and a callback service. Sweden traders will find both responsive, but Exness’s live chat is slightly faster with average response times under 30 seconds, while IC Markets excels in technical support for platform issues.