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Broker Comparison

HF Markets vs IC Markets

Side-by-side comparison of HF Markets and IC Markets on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

Reviewed & ranked byTradingEdge IC License — Investment Consultant (Thai SEC) Strategic Partner of Top-Tier Brokers
Published April 1, 2026·Last updated May 3, 2026·See our review methodology
winner
HFM
HF Markets
4.8 · Saint Vincent & the Grenadines

HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.

$12/lotSpread 0.1p1:2000
IC
IC Markets
4.7 · Sydney, Australia

IC Markets is the world’s top ECN broker with 24+ Tier-1 liquidity providers. Founded in 2007 in Sydney, ECN execution makes it the favourite of every algo trader and high-volume scalper.

$8.5/lotSpread 0p1:500
Verdict

HF Markets wins 5/13 categories — the better all-round choice.

HF Markets: 5 · IC Markets: 4 · tied: 4
FieldHF MarketsIC Markets
Rebate per lot$12 / lot$8.50 / lot
Spread from0.1 pips0 pips
Execution speed90 ms35 ms
Max leverage1:20001:500
Min deposit$10$200
User rating4.8 / 5 (2,841)4.7 / 5 (3,987)
Trust score8.61 / 109.12 / 10
Execution typeMarket Execution / STPECN / DMA Aggregation
Liquidity providers11+25+
RegulatorsFCA (UK) #801701 · CySEC (CY) #183/12 · FSCA (ZA) #46632ASIC (AU) #335692 · CySEC (CY) #362/18 · FSA (SC) #SD018
PlatformsMT4 · MT5 · HFM Mobile · HFM WebTraderMT4 · MT5 · cTrader · TradingView (Beta) · IC Mobile
Payout frequencyรายวันรายวัน
Withdrawal timeภายใน 24 ชม.1 - 24 ชม.
Swap-free / Islamic
Scalping allowed
EA / algo allowed
Negative balance protection
Strengths of HF Markets
  • Up to $12/lot rebate — among the highest in Tier-1
  • Fast deposits/withdrawals via True Wallet, PromptPay, Krungthai/SCB in minutes
  • Cent account (from $5) suits beginners
  • 5 main licenses (FCA, CySEC, FSCA, DFSA, FSA)
  • High swap on certain pairs (GBPJPY, AUDNZD)
  • Free Islamic account requires request within 30 days
Strengths of IC Markets
  • Ultra-low spread (Raw 0.0 pips)
  • Sub-40ms execution — best for scalping
  • ASIC + CySEC + FSA regulation
  • cTrader + MT4 + MT5 all supported
  • Commission $7/lot for the Raw account
  • No Islamic account by default

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