IC Markets Vs Exness: Which has the Better Spread?

Kento: Indeed, I admit, as a trader, of course, you want to trade at a low cost. Fees here include spreads, commissions, and swap fees. Indeed, there are many brokers who promote companies with the lure of trading with zero spreads and low spreads. But try to think that the broker is still a company that wants to make a profit. So in essence all brokers also expect profits from their clients.

However, if the broker is an ECN broker, Minimum spreads as low as 0 pips are very common among ECN brokers or forex brokers that provide ECN accounts. This is because they offer direct access to the market, so you can get accurate prices without any markups from the broker. For example, the minimum spread for majors can be as low as 0.1 pip.

As far as I know, ECN brokers that provide trading with Zero spread are IC Markets on Pure ECN accounts available on the MT4 and MT5 platforms. On a zero-spread account, the additional spread is not charged but the broker will charge a flat commission. This depends on the trading volume of the position. Most brokers will show a commission per 1 lot (100,000) trades.

You need to remember that the most standard commission is around $ 7 per lot, so if a broker offers trading with spreads close to zero with commissions below $ 7 per lot, in my opinion, the broker is quite ripe for trading. However, this is not just a benchmark for choosing a broker, you also have to review the features, services, and instruments provided by the broker.

Saito: Actually, there's nothing wrong if you want to choose a broker that provides trading with low spreads because that's normal and the majority of traders will definitely do the same thing.

The spread value will generally always change according to fluctuations in currency prices. Since spreads are the broker's income, it is not surprising that many brokers choose to set their own spread ranges. However, there are also forex brokers who charge low spreads and set bid and ask prices according to market prices. Instead, they then charge a commission for each trading position the trader opens.

Zero spread doesn't mean we can trade with no spread at all, but one of the options that allow us to get lower spreads. So if you learn forex by trading on a zero-spread account, then we can get super tight spreads. In addition, brokers providing zero spread can still earn income from trading commissions.

Well, that's why traders who want to trade with low costs, must be wise in choosing a broker. At least we choose a broker that provides low trading fees. Both IC Markets and Exness provide trading accounts with almost zero spreads. The commission offered for the Zero-spread account is almost the same which is around $7 per lot.

However, there are IC markets that provide trading with spreads starting from around 0 pips with a commission of $6 per lot, but not on the MT4 or MT5 platforms, but in the cTarder platform. If you are familiar with the platform, you can try it on the IC market.

Sweety: OK, thanks for the explanation, guys, it's very helpful. I came to understand related to the spread at the broker as well as what fees are charged by the broker. I'm actually almost tempted by a broker that offers spreads starting from 0 pips.

what I know before is cheap trading, when the spread offered is close to zero or even offers Zero Spread. in fact, brokers usually charge trading commissions on zero spread accounts. This commission charge is usually stated directly in currency units and is charged for each trade of a certain size.

In fact, the 0 spread promo which is also referred to as the zero spread is still floating in several brokers. This means that the spread is not truly 0 over time, and can still widen when there is increased volatility. Also, some brokers usually still set the minimum spread at 0 points, such as 0.2, 0.3, 0.4, and so on. So, of course, there are still advantages for brokers here.

It seems that I have to be more careful in choosing a broker for trading because almost all brokers promote themselves as brokers with low trading fees. Included in what is often offered is the value of the spread. Thanks for the explanation, guys... I think I'm interested in IC Markets, but I'll consider it first because rushing decisions isn't good either.

Oh Hayoung: Basically, you have to believe this motto, that "nothing is free in this world". broker is still a company that wants to benefit from its business. It is impossible for a broker to do business without profit because being a trading broker also requires quite a bit of capital.

The broker's function is to bridge the gap between traders and large banks and financial institutions and brokers pass trader orders to banks or to financial institutions as liquidators.

But in business, there is also competition. in the world of trading, many brokers are competing to gain the trust of traders as a trading platform. because of that, many brokers promote themselves, one of which is by offering zero spreads for traders. The amount of the minimum spread and the type of forex broker spread will later become one of important considerations for opening a trading account.

On a zero-spread account, the additional spread is not charged but the broker will charge a flat commission. This depends on the trading volume of the position. Most brokers will show a commission per 1 lot (100,000) trades. If the commission is $6 per 1 traded lot, you will pay a commission of $0.06 if you trade 0.01 lots.

Online brokers always make money because of extra spreads or commissions. If you are a high-volume trader, the broker will make you more money and sometimes the company will give you a discount so you pay less in fees due to high trading volume.

Oh Hayoung: Brokers benefit from markup spreads provided by banks or financial institutions as liquidators. if the broker offers trading with zero spread, where do they get the profit from?

However, keep in mind that spreads are not the only advantage that brokers get, there are still commission fees and swap fees. the commission fee is a deduction in dollars for each volume of trades made by a trader. The Spread can be interpreted as the difference between the selling rate and the buying rate.

Zero spread allows us to get lower spreads. copy that, brokers providing zero spread can still earn income from trading commissions. Examples include IC Market and Exness. Both of these brokers provide trading accounts with spreads close to 0 pips, but there is a commission charged by the broker. Usually, if the broker with zero spread, the commission that is charged is around $ 7 per lot (standard commission), or it could be more.

In addition, brokers benefit from selling trading software or EA (Expert Advisor) and there are also brokers who receive incentives from their liquidators if transactions exceed the target.

Ashley: A scalper must find a volatile financial market to trade. Scalping is a forex trading strategy where traders tend to open and close positions quickly and repeatedly every day.

Some scalpers trade from the news releases by conducting brief technical analysis before trading. Waiting for small spikes is tedious and that is why most scalpers prefer volatile markets. This is a trading strategy that many professional traders use.

Luckily IC Market and Exness are available for scalpers because the servers and features they offer are also sophisticated and suitable for slappers. in terms of the number of accounts offered, Exness provides 9 account types for traders. this amount is far superior to IC Market which only provides 3 types of accounts. However, at Exness, the initial deposit is quite large, namely $ 500. Meanwhile, scalpers are looking for brokers with small capital, but still profitable every day.

I would suggest broker IC Market For scalpers. IC Markets has low trading fees which are profitable for scalpers, cTrader accounts raw spreads have spreads from 0.0 pips and $3 commission per lot traded. Raw spreads Meta trader has forex spreads from 0.0 pips and $3.5 commission per lot. there are Pure ECN accounts that are suitable for more professional traders or those who trade large volumes. The leverage allowed is up to 500:1 with a minimum deposit of $200.

Gleen: Scalpers need speed, low to zero latency, and low trading fees. Here are some factors to consider when choosing a forex broker for scalping;

• A regulated forex broker that allows scalping, Low spreads and commissions, and high Leverage.
• Fast execution rates, meaning forex brokers with ECN or DMA account with low or negligible slippage.
• Access to a wide range of trading and research tools such as advanced charting software on multiple time frames.
• Complete and reliable research materials and a responsive customer service team

Both Exness and IC markets are available for professional traders such as Scalpers. If I had to choose between these two brokers which are suitable for Scalping, I would choose Exness. Indeed IC market is also good, having a Pure ECN account, and all the slapper criteria are included, including a maximum leverage of 1:500 and a minimum deposit of $200.

Actually, Exness is not much different from the IC market, but the advantage lies in its Professional Account. Exness has 3 pro accounts that can be used for scalping, while IC Market only has True ECN accounts. What I admire about Exness is that the leverage for the Pro account is unlimited (1: unlimited). This is what makes this broker superior.

for Spreads and deposits, the two accounts are the same, namely a deposit of $ 200 and Spreads start from 0 pips. But what's more interesting is that on Exness, the Zero account provides spreads starting from 0 pips and commissions starting from $ 0.2 per lot/1 direction, and on the pro account it provides spreads starting from 0.1 pips and commission free.

Vincent: standard accounts and zero accounts are the types of accounts provided by Exness brokers. Actually, both the Standard account and the zero accounts have their respective advantages. to choose between the two accounts depends on the needs of each trader. What you need to know is that Exness divides the types of all accounts into two accounts, namely I am a pro and a standard account.

The Zero account is included in the professional account group. This account has a minimum deposit of 200 USD with spreads starting from 0.0 pips, but traders are guaranteed 0 pip spreads (EUR/USD) for 95% of the trading day on 30 pairs. the commission charged to the trader is 3.50 USD (7 USD per spin).
On the other hand, a standard account is included in the standard account class. This account also only requires a minimum deposit of 3 USD, Spreads start from 0.3 pips and are commission free, but you will have access

Both Zero and Standard accounts are available for MT4 platforms, MT5 to MT5/Exness web traders, and more assets, including cryptocurrencies and indices. apart from that both accounts feature market execution. All accounts are available as swap-free Islamic accounts for Muslim traders.

My take, the Zero account is more suitable for experienced traders with rather high deposit requirements, while the minimum deposit for the Standard account being USD 1 makes it a more accessible option for new traders.

Zurham: Raw Spread and Zero accounts are classified as Professional account types, and come with a few key differences to be aware of.

Spread: The minimum spread on the Zero account is 0.0 for the top 30 instruments for almost the entire duration of the trading period, while the Raw Spread account has very low spreads. Basically how much you value the cost of the spread will determine which account is preferred.

Commission: Both Zero and Raw Spread accounts feature spreads as low as 0.0 points, but they differ in the trading commission that is charged when opening orders. For Zero accounts, it starts from USD 0.2/lot per side, while Raw Spread accounts charge commissions up to USD 3.5/lot per side. The exact rates may vary depending on the account type and instrument in question.

Commission on Zero and Raw Spread accounts is taken for opening and closing orders; this is what is meant by one way (open order one way, close order also one way). So doubling the amount shown in the trading commission of the contract specifications constitutes the total size of the commission, and is charged in full when the order is opened.

For example, if a trading instrument has a trading commission of USD 3.5/lot in one direction, the order will be charged USD 7/lot on order opening (USD 3.5 for orders opened, and USD 3.5 for orders closed).

Gabriel: In my opinion, if you are looking for the broker with the lowest spreads and commissions, you should choose IC Market. This is all because the spreads offered are lower than Exness (compare raw accounts). If you see the broker reviews on both IC Market and Exness, then the Raw account requires a minimum deposit of $200.

But if you want a variety of accounts, which is planned to not only trade with the Raw account, then you better choose Exness as it offers many accounts including the Zero account. Meanwhile, Exness only offers Raw Accounts and Standard Accounts.

Both review that you can read at here :

• IC Market Review
• Exness Review

Of course, every broker is looking for profits. One of these plays on spreads and commissions from us traders. and that's reasonable considering they also need to spend a lot of capital to become a broker such as permits, infrastructure, and so on and it's definitely not cheap. But yes, you as a trader also have your own interests, namely to make a profit from trading, and avoid brokers with costs that are too high.

In my opinion, brokers offering commissions of around $20 per lot, for Euro/USD, AUD/USD, and major forex are too expensive, right... because normally the commission is around $7 per lot. Even though the broker here offers zero spread for you, with an expensive commission like this, it's less profitable for you.

I have the same opinion as you, I myself started as a beginner and chose a broker with a reasonable commission, around $ 6 to $ 10 per lot, offering zero spread. And it's not my fault because everyone who has experience trading goes through the beginner's phase too. With not much capital, you tend to be careful using your initial resources.

And also as far as I know, even if a trader chooses zero spread, it is not constant in the 0 pip range, it will always change according to fluctuations in currency prices. In fact, yes, the spread is in the range of 0.1 pips, 0.5 pis can be included in the zero spread class.

I think, If you read this (Which is Better, Commission or Spread?), your knowledge about spread and commission will increase. It must be noted that not all low spread is better as there are many things that must be considered for choosing a trading platform.

You got it, my friend! That 0.0 pips spread in Exness' Professional account is definitely something to get excited about. It's like having a trading superpower, allowing you to minimize your trading costs and potentially boost your profitability.

With such a tight spread, you can enter and exit trades more efficiently, which means you get to keep more of your profits in your pocket. It's like getting a discount on every trade you make! And when it comes to maximizing gains, every pip counts. A lower spread can make a significant difference in your overall profitability, especially for traders who frequently execute trades or employ scalping strategies.

Now, let's talk about its reliability in different market conditions. Exness strives to maintain competitive spreads, including the 0.0 pips spread, across various market conditions. However, it's important to note that market volatility and liquidity levels can impact spreads in general. During times of high market volatility or low liquidity, spreads may widen temporarily, affecting all brokers, including Exness. This is a common occurrence in the financial markets, and it's something traders should be mindful of.

Overall, that 0.0 pips spread in Exness' Professional account is indeed a fantastic advantage for traders. It allows you to reduce your trading costs, potentially increase profitability, and take advantage of tight pricing conditions. Just keep in mind that spreads can vary based on market conditions, but Exness strives to provide competitive spreads even in challenging market situations.

The choice between opting for low spreads or lower commissions really boils down to your own trading style and what you like. If you're someone who trades a lot and does plenty of transactions, then going for lower commissions might be a smart move, even if the spreads are a bit wider. On the flip side, if you're more into quick, short-term trading and you want those tight spreads, you might prefer brokers like IC Market and Exness with their low spreads. (you can read : 4 Forex Trading Styles in a Nutshell )

From my perspective as a beginner trader, jumping into frequent trading, like swing trading, could be a good idea. It's less stressful, and holding onto trades for the long term means you can sidestep those small price movements, making your analysis more relaxed and less hectic.

Take a look at things like how often you trade, the currency pairs you're into, and the overall strategy you use. It's all about finding that sweet spot that fits your style and helps you make the most out of your trading adventure.

Hey! As a novice trader, considering the offer of zero spreads from platforms like IC Market and Exness can be enticing. Zero spreads could potentially save you on fees, making your trades more cost-effective. However, it's crucial to weigh the pros and cons before making a decision.

Advantages of zero spreads include:

• Cost savings: With no spread, you won't incur additional fees with each trade, which can add up over time.
• Transparency: Zero spreads offer clear pricing, making it easier to calculate your potential profits and losses.
• Competitive edge: Zero spreads can give you a competitive advantage, especially if you're trading frequently or with large volumes

However, there are also some considerations to keep in mind:

• Other fees: While the spread may be zero, there could still be other fees involved, such as commissions or overnight financing charges.
• Trade execution quality: Sometimes, brokers offering zero spreads may compensate by widening spreads during periods of high volatility, potentially impacting your trade execution.
• Overall service quality: Evaluate the platform's reliability, customer service, and other features beyond just the spread.

Ultimately, whether to opt for zero spreads depends on your trading strategy, frequency, and preferences. If you are novice trader and trade with low risk, it is better to take the standard account because not only to limited our trading but also the pressure is not so big in there. As the comparison about the standard and zero spread account, you can read in this article : Zero Spread Vs Standard Account: a Simple Guide.