HFM vs IC Markets 2026: Which Broker is Better?
In this broker comparison, we examine HFM and IC Markets, two prominent names in the trading industry. HFM, with a rating of 3.78/5 and headquartered in Cyprus, offers high leverage up to 1:2000 and a very low minimum deposit of $5, making it suitable for high-risk traders and those with limited starting capital. On the other hand, IC Markets, rated 3.87/5 and based in Australia, is known for its ultra-low spreads and fast execution speeds, appealing to experienced traders who prioritise cost-efficiency and execution precision. The key difference lies in HFM's accessibility for beginners and high-risk strategies, while IC Markets caters to seasoned traders seeking optimal trading conditions.
HFM
IC Markets
| HFM | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.8/5 | 3.9/5 ✓ |
| Min. Deposit | $5 | $200 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2000 ✓ | 1:500 |
| Regulation | FCA, CySEC, FSCA ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, HFM offers lower spreads (0 pips).
See full side-by-side comparison belowHFM vs IC Markets: Key Differences
HFM
WinnerIC Markets
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Fees Comparison
HFM
Lower feesIC Markets
BrokerRank Verdict
Who Should Choose Which?
HFM
3.8/5
Choose HFM if you want…
- Lower minimum deposit ($5)
- Higher leverage (up to 1:2000)
- More regulatory licences (3)
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- More established (est. 2007)
- More platforms (4 supported)
Also consider
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Both HFM & IC Markets are available in
Frequently Asked Questions
1Is HFM better than IC Markets?
IC Markets scores higher overall on our independent rating system. HFM holds a 3.8/5 rating vs IC Markets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, HFM or IC Markets?
HFM offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for HFM vs IC Markets?
HFM requires a minimum deposit of $5. IC Markets requires $200.
4Which broker is safer, HFM or IC Markets?
HFM is regulated by FCA, CySEC, FSCA, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do HFM and IC Markets support?
HFM supports MT4, MT5, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both HFM and IC Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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