IC Markets vs Exness: fees, cashback and which to choose

IC Markets is one of the world's largest forex and CFD brokers; Exness is the broker known for instant withdrawals and low spreads. We compare them on fees, available cashback and which trader profile each suits — plus how to recover part of your fees on both.

Quick comparison

Fees

IC Markets. Very tight ECN spreads (from 0.0 pips) plus per-lot commission; among the lowest total cost in forex.

Exness. Competitive spreads and zero per-lot commission on some account types; instant withdrawals.

Available cashback

Exness offers more cashback (30%) than IC Markets (28%), so you recover a larger share of every fee you pay. The gap matters most if you trade with volume.

Work out how much you'd recover for your volume with the cashback calculator.

Pros and cons

IC Markets

Pros

• Among the lowest ECN spreads
• Fast, deep execution
• Regulated across jurisdictions
• 28% cashback via Omanero

Cons

• Aimed at somewhat experienced traders
• Per-lot commission on top of the spread

Exness

Pros

• Near-instant withdrawals
• 30% cashback (highest among brokers)
• Flexible leverage
• Good LATAM availability

Cons

• Fewer instruments than multi-asset brokers
• Conditions vary by region

Best for each profile

Choose IC Markets if you're forex and CFD traders who prioritize low spreads and institutional execution. Choose Exness if you're traders who value fast withdrawals and the highest forex cashback.

Verdict

If your priority is recovering the most fees, Exness leads with 30% cashback. If you value IC Markets's profile more, you still recover fees at 28%. Best of all: you don't have to choose — use both and earn cashback on each.

Frequently asked questions