IC Markets vs HYCM 2026: Which Broker is Better?
Choosing between IC Markets and HYCM depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while HYCM operates from London, UK. HYCM has the longer track record, established in 1977, compared to IC Markets which was founded in 2007. 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
HYCM
| IC Markets | HYCM | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.6/5 |
| Min. Deposit | $200 | $100 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | FCA, CySEC, DFSA ✓ |
| Platforms | MT4, MT5, TradingView | MT4, MT5 |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.6/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs HYCM: Key Differences
IC Markets
HYCM
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Fees Comparison
IC Markets
HYCM
Regulation & Trust
IC Markets holds licences from ASIC, CySEC. HYCM is regulated by FCA, CySEC, DFSA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. IC Markets additionally covers Crypto. HYCM adds Commodities.
Fees & Spreads
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at HYCM.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. HYCM offers MT4, MT5. Both brokers are available on MT4, MT5.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while HYCM sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and HYCM at 3.43/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- More platforms (4 supported)
HYCM
3.6/5
Choose HYCM if you want…
- No per-trade commission
- Lower minimum deposit ($100)
- More regulatory licences (3)
- More established (est. 1977)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both IC Markets & HYCM are available in
Frequently Asked Questions
1Is IC Markets better than HYCM?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs HYCM's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, IC Markets or HYCM?
IC Markets offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs HYCM?
IC Markets requires a minimum deposit of $200. HYCM requires $100.
4Which broker is safer, IC Markets or HYCM?
IC Markets is regulated by ASIC, CySEC, while HYCM holds licences from FCA, CySEC, DFSA.
5What trading platforms do IC Markets and HYCM support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. HYCM supports MT4, MT5.
6Can I use both IC Markets and HYCM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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