IC Markets vs UOB Kay Hian 2026: Which Broker is Better?
Choosing between IC Markets and UOB Kay Hian depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while UOB Kay Hian operates from Singapore. UOB Kay Hian has the longer track record, established in 1973, 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
UOB Kay Hian
| IC Markets | UOB Kay Hian | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.6/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, CySEC | MAS, SFC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, UTRADE |
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 UOB Kay Hian: Key Differences
IC Markets
UOB Kay Hian
Still deciding between IC Markets and UOB Kay Hian?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
IC Markets
UOB Kay Hian
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. UOB Kay Hian is regulated by MAS, SFC.
Markets & Assets
Both brokers offer access to Forex, Stocks, Indices markets. IC Markets additionally covers Cfd, Crypto. UOB Kay Hian adds Etf.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. UOB Kay Hian offers Proprietary Web, Proprietary Mobile, UTRADE. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while UOB Kay Hian sets no minimum deposit. This makes UOB Kay Hian accessible to traders with any budget.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and UOB Kay Hian at 3.31/5, 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)
- Higher leverage (up to 1:500)
- More market types (6)
- More platforms (4 supported)
UOB Kay Hian
3.6/5
Choose UOB Kay Hian if you want…
- No minimum deposit
- More established (est. 1973)
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 & UOB Kay Hian are available in
Frequently Asked Questions
1Is IC Markets better than UOB Kay Hian?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs UOB Kay Hian'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 UOB Kay Hian?
IC Markets offers spreads from 0 pips, while UOB Kay Hian starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs UOB Kay Hian?
IC Markets requires a minimum deposit of $200. UOB Kay Hian requires $0.
4Which broker is safer, IC Markets or UOB Kay Hian?
IC Markets is regulated by ASIC, CySEC, while UOB Kay Hian holds licences from MAS, SFC.
5What trading platforms do IC Markets and UOB Kay Hian support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. UOB Kay Hian supports Proprietary Web, Proprietary Mobile, UTRADE.
6Can I use both IC Markets and UOB Kay Hian?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
