Demo Account Guide
Demo Account Guide

Compare IC Markets Vs HF Markets: Which is the Better Forex Broker in 2024?


IC Markets vs HF Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it.

IC Markets offers raw spreads starting from 0.0 pips. This ASIC-regulated broker is well-known to be suitable for scalping, day trading, and automated trading. The high reputation of IC Markets makes it often referred to as the best broker in Australia with many interesting and high-tech features.

Meanwhile, HF Markets was established in 2010. The company offers various trading types including forex trading, CFD trading, as well as social trading. Traders can choose between MetaTrader 4 and 5. Scalping, hedging, and news trading are also allowed in this broker. Fund withdrawals and deposits are free of charge even for ZAR accounts.

To make it easier for you to decide which one is the best between IC Markets vs HF Markets, here is the direct comparison:

Compare IC Markets HF Markets
General Rating 4.02/5
Trustpilot 4.8/5

32767 users

187 users
πŸ’Ό Regulation
❗ Info
βŒ› Established 2007 2010
πŸ’² Min Deposit $200 $0
βš– Max Leverage 1:1000 1:2000
πŸ”’ Spread Variable Variable
πŸ’Έ Commissions $3.50
πŸ’‘ Min Position 0.01 lot 0.01 lot
πŸ’³ Payment Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer Crypto, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Ripple, Skrill, WebMoney and Wire transfer
🏒 Office(s) AustraliaCyprusBahamasSeychelles KenyaCyprusUnited Arab EmiratesUnited KingdomSeychellesSaint Vincent and the GrenadinesMauritiusSouth Africa
🧩 Demo Account
πŸ“ Segregated Account
πŸ•‹ Islamic Account
πŸ‘¨β€πŸ’» PAMM Account
πŸ“ˆ Managed Account
πŸ’± Hedging
πŸ‡ΊπŸ‡Έ US traders
πŸ•› Swaps
πŸ† Trading contests
⚑ Automated trading
πŸ’° Bonus offers
πŸ“– Free education
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
Spread BettingSpread Betting
Gold & SilverGold & Silver
Binary OptionsBinary Options
Corporate StocksCorporate Stocks
EU StocksEU Stocks
Physical StockPhysical Stock
πŸ—£ Website Languages Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish Arabic, Bulgarian, Chinese, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Korean, Malay, Persian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Tagalog, Thai, Urdu, Vi
πŸšͺ Trade Now Open IC Markets Open HF Markets

Compare Again

Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IC Markets provides their pricing with Variable spread while HF Markets offers Variable spread.

IC Markets vs HF Markets: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, IC Markets enables trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, HF Markets provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5, Social trading with the support of One-click trading, Trailing stop, Pending orders.

Is IC Markets or HF Markets better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, IC Markets supports trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock, while HF Markets presents the ability of trading with Forex, Indices, Commodities, Shares, Metals, Energies, CFD, Bonds, ETF, Crypto, Physical Stock, Cryptocurrencies, Gold.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to IC Markets and HF Markets:

For more comparisons, visit this page.