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Pipcompass

HFM vs IC Markets

Side by side on the facts each broker publishes. Advertised costs are the brokers’ own “from” figures.

Updated

Limited data: HFM has 8 and IC Markets has 12 of 12 comparable fields verified (we need 7 each for a full comparison). Treat this page as incomplete.

Key differences

  • Only HFM lists: FCA, FSCA, CMA (Kenya), FSA (SVG).
  • Only IC Markets lists: ASIC.
  • HFM has the lower stated minimum deposit ($0 vs $200).
  • HFM offers Proprietary; IC Markets does not list it.
  • IC Markets offers cTrader, TradingView; HFM does not list them.

Affiliate disclosure: links marked “Visit” go through our redirect and may earn us a commission from the broker. That never changes the data, the score or check results, which are computed by the same published method for every broker. Full disclosure.

HFM compared with IC Markets
FieldHFMIC Markets
ScoreProvisional (limited data)77.8/100
RegulatorsCySEC, FCA, FSCA, FSA (Seychelles), CMA (Kenya), FSA (SVG)FSA (Seychelles), ASIC, CySEC
FoundedNot verified2007Founded in Sydney, Australia.
PlatformsMT4, MT5, ProprietaryHFM Platform, WebTrader.MT4, MT5, cTrader, TradingViewMT4, MT5 and cTrader on the account page; TradingView listed in the ic.com navigation.
Minimum depositNonePremium account: "no minimum deposit".$200FAQ: USD 200 or equivalent.
Raw commission / side (advertised)Not verified$3.50USD 3.50 per lot per side.
Spread from, no-commission account (advertised)Not verified0.80EUR/USD "from" spread, Standard account.
Measured EUR/USD spreadNot yet testedNot yet tested
Max. leverage1:2000Zero, Pro and Premium; InfinityX described as "unlimited".1:5000
Copy tradingYesHFM Copy Trading and PAMM.YesIC Social, cTrader Copy, ZuluTrade and others.
Swap-free / IslamicYesInfinityX, Cent, Zero and Premium.YesSwap Free account listed.
Deposit methodsNot verifiedVisa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller
Restricted-country list8 listed (partial)"and others".5 listed (partial)Plus any country where use would be contrary to local law.
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Sources for each value are on the individual broker pages. Data verified 11 Oct 2026.

Risk warning: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly due to leverage. Most retail accounts lose money. Only trade with money you can afford to lose. Nothing on this site is investment advice. Read the full risk warning.