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 |
2.77/5 |
Score | ||
Trustpilot |
4.8/5 32767 users |
4.3/5 288 users |
πΌ Regulation | ||
β Info | ||
β Established | 2007 | 2010 |
π² Min Deposit | $200 | $0 |
β Max Leverage | 1:1000 | 1:2000 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ 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 |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ 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 |
πͺ Trade Now | Open IC Markets | Open HF Markets |
Compare Again
Testimonials
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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HF Markets: Abundant choices
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HF Markets: Abundant tools, help my trades a lot
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HF Markets: Best withdrawal
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HF Markets: Asking my refund
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HF Markets: Trading signal avaliable!
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See More IC Markets Testimonials
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See More HF Markets Testimonials
News
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IC Markets & APG University Partner for Prop Trading Innovation
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IC Markets Dives into Prop Trading with ICFunded Launch
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IC Markets and Bloomberg Team Up Again for ICYT Season 4
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Celebrate Ramadan with HF Markets: Win an Umrah Trip and More!
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Earn Cash While You Sleep with IC Markets Refer a Friend
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Celebrate Lunar New Year with HF Markets Angpao Giveaway
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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See More Related IC Markets News
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See More Related HF Markets News
Article
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HF Markets Recap in 2023: A Performance Review
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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HF Markets Gives IDR17 Million for Indonesian Traders on Independence Day
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Boost Your Account Up to 100% with HF Markets Top Up Bonus
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Trade with HF Markets, Earn $30 No Deposit Bonus
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Be a Top Trader and Win $1000 Every Month from HF Markets
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See More Related IC Markets Article
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See More Related HF Markets Article
Webinars
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis
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IC Markets: Sunday Pre-Market Analysis
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IC Markets: TDI Trading Strategy
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IC Markets: TDI Trading Strategy
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IC Markets: Tipos y formacion de Velas
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IC Markets: Tipos y formacion de Velas
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IC Markets: Como Montar uma EstratοΏ½gia para Operar
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IC Markets: Como Montar uma EstratοΏ½gia para Operar
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IC Markets: Punto de InterοΏ½s en Mechas (POI Wicks)
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See More Related IC Markets Webinars
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- Comparison List
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, Metals, Energies, CFD, Indices, Bonds, Commodities, ETF, Crypto, Physical Stock, Gold, Cryptocurrencies, Shares.
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:
- Compare IC Markets vs InstaForex
- Compare IC Markets vs XM
- Compare IC Markets vs MTrading
- Compare HF Markets vs Vantage Markets
- Compare HF Markets vs Blueberry Markets
- Compare HF Markets vs ThinkMarkets
For more comparisons, visit this page.