Side-by-side review

IC Markets HFM

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

IC Markets leads with a score of 8.9/10 vs 7.8/10. HFM has a lower minimum deposit ($0.01). See the full breakdown below.

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

Frequently asked questions: IC Markets vs HFM

Which is better, IC Markets or HFM?

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 IC Markets regulated?

IC Markets is regulated by no regulator on record.

Is HFM regulated?

HFM is regulated by no regulator on record.

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

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

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.