Quick Verdict — Turkmenistan Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Exness
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Turkmenistan Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:2
Max leverage
Head-to-head comparison
For traders in Turkmenistan, choosing between IC Markets and Exness is a critical decision. Both brokers score an impressive 4.8/5 and cater to retail traders with local payment methods like Bank Transfer, Skrill, Neteller, and USDT. Turkmenistan's forex market is growing, and these brokers offer competitive conditions for trading major and exotic pairs. IC Markets is known for its ultra-low spreads and institutional-grade execution, while Exness provides flexible leverage and fast withdrawals. This comparison focuses on key factors for Turkmenistan traders: trading costs, regulation by the local financial regulator, and deposit options. Whether you are a scalper or a long-term trader, understanding these differences will help you pick the right broker for your needs.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Exness
FCA · CySEC · ASIC
3.5
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Exness | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Exness |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Exness |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Exness |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Exness |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $10 | Exness |
When comparing trading costs for Turkmenistan traders, IC Markets generally has the edge with spreads from 0.0 pips on its Raw Spread account, plus a commission of $3.50 per lot. Exness offers spreads from 0.3 pips on its Zero account with similar commission structures. For high-volume traders in Turkmenistan, IC Markets can save significant costs over time. However, Exness provides lower spreads on its Standard account (from 0.3 pips) with no commission, which may benefit smaller traders. Both brokers offer competitive swap rates, but IC Markets is more cost-effective for scalping and high-frequency trading.
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Account Types Comparison
| Account Type | IC Markets | Exness |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $10 |
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Leverage Comparison - Turkmenistan Traders
| Entity / Asset | IC Markets | Exness |
|---|
| Turkmenistan (offshore) | Up to 1:5000 | Up to 1:2 |
| Forex major pairs | 1:5000 | 1:2 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Turkmenistan Traders
Traders in Turkmenistan typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Exness | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Exness |
| ETFs | ✗ | ✗ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Exness | Winner |
|---|
| Execution model | ECN/STP | True ECN | Exness |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets offers ultra-fast execution with no requotes, using Equinix NY4 servers for low latency. Exness also provides fast execution with 99% of orders processed in under 1 second. For Turkmenistan traders, both brokers deliver reliable execution, but IC Markets is slightly better for scalpers due to its raw spreads and minimal slippage.
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Regulation & Safety for Turkmenistan Traders
| Safety Factor | IC Markets | Exness |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Turkmenistan traders, the local financial regulator does not directly oversee these brokers, but both comply with international standards. This means client funds are segregated and protected under compensation schemes.
Exness offers negative balance protection, which is crucial for volatile markets.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Turkmenistan traders may differ by entity.
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Deposits & Withdrawals for Turkmenistan
| Payment Method | IC Markets | Exness |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days |
Turkmenistan traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets processes e-wallet deposits instantly, while bank transfers may take 1-3 business days. Exness offers faster withdrawals, often processed within minutes for e-wallets and USDT. Minimum deposits: IC Markets requires $10, Exness starts from $10. Both brokers charge no deposit fees, but withdrawal fees may apply for bank transfers. Exness has a slight advantage with zero withdrawal fees for most methods, making it more cost-effective for frequent withdrawals.
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Islamic Accounts - Swap-Free for Turkmenistan Muslims
| Islamic Account Feature | IC Markets | Exness |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Exness offer Islamic (swap-free) accounts for Muslim traders in Turkmenistan. IC Markets provides swap-free accounts on all account types without any time restrictions, while Exness offers them on Standard and Raw Spread accounts. These accounts comply with Sharia law by eliminating overnight interest charges. For Turkmenistan traders who follow Islamic finance principles, both brokers are excellent choices. However, IC Markets has a slight edge with broader availability across account types.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Exness | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✓ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
Both brokers offer 24/7 customer support in English, with Exness providing additional support in Russian, which may benefit Turkmenistan traders. IC Markets responds via live chat and email, while Exness offers phone support. For urgent issues, Exness's multilingual team is more accessible. Both brokers have extensive FAQ sections and educational resources.
| Mobile Feature | IC Markets | Exness | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Exness | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Exness
Pros
+Top-tier regulated
+Islamic swap-free account
+24/7 customer support
Cons
-No TradingView
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Who Should Use Which Broker? - Turkmenistan Guide
Choose IC Markets if you...
- Prefer ultra-low spreads starting from 0.0 pips for scalping.
- Need cTrader for advanced charting and order execution.
- Trade high volumes and want to minimize costs.
- Value a broker with a long-standing reputation for institutional-grade services.
Choose Exness if you...
- Want flexible leverage up to unlimited.
- Need faster withdrawals with zero fees on most methods.
- Prefer a lower minimum deposit of $10.
- Require negative balance protection for volatile markets.
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FAQ - IC Markets vs Exness in Turkmenistan
Is IC Markets or Exness better for Turkmenistan?
+Can Turkmenistan traders use both brokers legally?
+Which broker has lower spreads for Turkmenistan traders?
+How do Turkmenistan traders deposit at IC Markets and Exness?
+Do both brokers offer Islamic accounts for Turkmenistan?
+Final Verdict - Turkmenistan 2026
IC Markets wins overall
For Turkmenistan traders, both IC Markets and Exness are excellent choices, scoring 4.8/5. IC Markets is ideal for cost-conscious traders who prioritize tight spreads and advanced platforms like cTrader. Exness caters to those needing flexible leverage, faster withdrawals, and lower minimum deposits. Both accept local payment methods such as Bank Transfer, Skrill, Neteller, and USDT, and comply with international regulatory standards. The local financial regulator does not restrict either broker, so you can choose based on your trading style. If you are a scalper or high-volume trader, go with IC Markets. If you prefer easy access and flexibility, Exness is your pick.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
