Side-by-side review

HFM IC Markets

Detailed comparison of HFM and IC Markets on costs, regulation, platforms and features. Last updated September 2026.

IC Markets leads with a score of 8.9/10 vs 7.8/10. HFM opens for less ($0.01 vs $200). IC Markets quotes the tighter spread, from 0.00 pips. Maximum leverage is 1:2000 at HFM and 1:1000 at IC Markets. Which one fits depends on your account size and how often you trade — the full breakdown is below.

HFM 7.8/10
IC Markets 8.9/10
Min deposit $0.01 · $200
Spread from 1.20 · 0.00 pips
Regulation
0 · 1 regulators
HFM vs IC Markets — see details below.
Trading costs
IC Markets has lower spreads
Compare spreads, commission and minimum deposit.
Platforms
4 · 3 platforms
HFM supports more platforms.
Overall score
IC Markets leads
Based on FX ReviewLab ratings.
Comparing
HFM
7.8 /10 Regulated
Visit HFM
IC Markets
8.9 /10 Regulated
Visit IC Markets
General info
Founded
2010
2007
Headquarters
Limassol, Cyprus
Sydney, Australia
Status
Regulated
Regulated
FX ReviewLab score
7.80 / 10
8.90 / 10Better
Trustpilot
4.0 ★ (10,000)
4.8 ★ (53,000)Better
Regulation & safety
Regulators
— None on record
CySEC
Trading conditions
Min deposit
$0.01Better
$200
Max leverage
1:2000
1:1000
Spread from
1.20 pips
0.00 pipsBetter
Commission / lot
$0.00Better
$3.50
Platforms & products
Platforms
MT4MT5HFM AppWebTrader
MT4MT5cTrader
Account types
ForexMetalsEnergiesStocksIndicesBondsCommoditiesETFs*Cryptocurrencies
StandardECNVIP
Instruments
ForexCFDsCryptoCommoditiesStocksIndices
ForexCFDsCryptoCommodities
Features
Demo account
Yes
Yes
Islamic account
Yes
Yes
Copy trading
Yes
Yes
Deposits & withdrawals
Payment methods

Frequently asked questions: HFM vs IC Markets

Which is better, HFM or IC Markets?

IC Markets scores higher in our review (8.9/10 vs 7.8/10), but the best choice depends on your priorities — compare their regulation, spreads, leverage and platforms below before deciding.

Is HFM regulated?

HFM is regulated by no regulator on record.

Is IC Markets regulated?

IC Markets is regulated by no regulator on record.

Which has the lower minimum deposit, HFM or IC Markets?

HFM has the lower minimum deposit (HFM: $0.01 vs IC Markets: $200).

Risk warning: Forex, CFDs and other leveraged products carry a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The content on this page is for information only and does not constitute financial advice. Consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.