Updated May 26 2022
Overview | |
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IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing. |
HF Markets (HFM) is a global broker founded in 2010 under the brand name HotForex that specialises in CFDs trading on currencies, commodities, indices, stocks, ETFs, bonds and futures. Recently they added to their portfolio commission-free real stocks and ETFs. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 5 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2007 | 2010 |
💳 Minimum Deposit | |
$200 | From $5 to $250 (depending on location or account) |
💰 Payment Methods | |
💵 Account Base Currencies | |
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. | 6 - USD, EUR, NGN, JPY, ZAR, THB. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, IL. | US, CA, SY, IR. |
📊 STP Account | |
Yes | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
1,600 + | 2,113 Real Stocks / 54 CFDs |
📘 Currency Pairs | |
61 | 53 |
📗 Commodities | |
22 | 13 |
📕 Indices | |
25 | 11 |
📔 ETFs | |
N/A | 34 |
💸 Cryptocurrencies | |
18 | N/A |
📒 Bonds | |
11 | 3 |
📓 Options | |
N/A | N/A |
📗 Futures | |
4 | 14 |
📝 Notes: | |
All ICMarkets assets are CFDs. | HF Markets provides both CFDs and real equities. |
Trading Experience |
📈 Minimum Stock Trade Size | |
Varies by Stock | $5 (Fractional Share Trading |
📉 Minimum ETFs Trade Size | |
N/A | $5 (Fractional ETF Trading) |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (Eg: 0.01 BTC) | N/A |
📉 Minimum FX Trade Size | |
$1,000 - 0.01 Lots | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) | $1,000 (0.01 Lots) |
📉 Minimum Bonds Trade Size | |
Varies by Bond | $1,000 (0.01 Lots) |
📈 Minimum Futures Trade Size | |
Varies by Future | $1,000 (0.01 Lots) |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:1000 (Non EU) |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 (EU Only) |
✍ Customisable Leverage | |
Yes | Yes |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
No | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | Yes |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
No | Yes, $5 monthly after 6 months of inactivity. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn. |
Yes depending on account type:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0 to 0.6 Pips | Dynamic - From 0 Pips to 1.3 Pips |
📉 SP500 | |
Dynamic - From 20 to 45 Pips | Dynamic - From 41 Pips |
📈 GOLD | |
Dynamic - From 30 Pips | Dynamic - From 25 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - From $0.33 |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $8.7 to $42 | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |