HF Markets vs IC Markets
HF Markets or IC Markets – which is better for UK traders 2024? Compare HF Markets and IC Markets in this detailed breakdown of their platforms, features and fees.
| HF Markets | IC Markets |
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| HF Markets is ranked #96 among CFD brokers. | IC Markets is ranked #9 among CFD brokers. |
| HF Markets is an established CFD broker with over 3 million clients and more than 60 industry awards. The trustworthy firm is authorized by several leading regulators, including the CySEC and FCA. New traders get a choice of accounts to suit different strategies and experience levels while the firm stands out for its impressive range of trading tools, from the MetaTrader software to Autochartist and the bespoke copy trading app, HFCopy. | IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries. |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | No |
| Instruments | |
| CFDs, Forex, Metals, Energies, Stocks, Indices, Commodities, Bonds, ETFs | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| CySEC, FCA, DFSA, FSCA, FSA, CMA | ASIC, CySEC, FSA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| Yes | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| The HFCopy app allows users to automatically copy the trades of experienced traders in a few taps. You can follow multiple traders at the same time, set a rescue level to protect your capital, and withdraw profits without restrictions. You can start copy trading in 4 easy steps. | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Signal Start | |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $5 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| HF Markets offers over 1000 CFDs spanning forex, stocks, indices, commodities, bonds and ETFs. Traders can speculate on rising and falling prices with flexible leverage. Fees are also transparent with no hidden charges. | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. |
| Leverage | |
| 1:30 (EU), 1:1000 (Global) | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| FTSE Spread | |
| 1.7 | 1.0 |
| GBPUSD Spread< | |
| 2.0 | 0.23 |
| Oil Spread | |
| 0.05 | 0.03 |
| Stocks Spread | |
| Variable | 0.02 |
| Forex | |
| HF Markets offers trading on over 50 currency pairs including all majors. The no dealing desk model ensures fast execution speeds with tight spreads from 0.1 pips. HFM also offers excellent research and analysis in the currency markets. | IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. |
| Assets | |
| 50+ | 75 |
| GBPUSD Spread | |
| 2.0 | 0.23 |
| EURUSD Spread | |
| 1.2 | 0.02 |
| EURGBP Spread | |
| 1.7 | 0.27 |
| Currency Indices | |
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| Cryptocurrency | |
| IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms. | |
| Spread | |
| BTC 42.036 | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| HF Markets | IC Markets |
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