IC Markets
HFM
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
Choosing between IC Markets and HFM depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while HFM operates from Limassol, Cyprus. IC Markets has the longer track record, established in 2007, compared to HFM which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IC Markets
HFM
| IC Markets | HFM | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.8/5 |
| Min. Deposit | $200 ✓ | $5 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:2000 ✓ |
| Regulation | ASIC, CySEC | FCA, CySEC, FSCA ✓ |
| Platforms | MT4, MT5, TradingView | MT4, MT5, Proprietary Mobile |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets
HFM
WinnerIC Markets
HFM
Lower feesIC Markets holds licences from ASIC, CySEC. HFM is regulated by FCA, CySEC, FSCA.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. IC Markets additionally covers Crypto. HFM adds Commodities.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. HFM offers MT4, MT5, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
IC Markets requires a minimum deposit of $200, while HFM sets a minimum deposit of $5. Both are suitable for traders with moderate starting capital.
BrokerRank scores IC Markets at 3.87/5 and HFM at 3.78/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
IC Markets
3.9/5
Choose IC Markets if you want…
HFM
3.8/5
Choose HFM if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs HFM's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IC Markets offers spreads from 0 pips, while HFM starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. HFM requires $5.
IC Markets is regulated by ASIC, CySEC, while HFM holds licences from FCA, CySEC, FSCA.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. HFM supports MT4, MT5, Proprietary Mobile.
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.