IC Markets vs HFM Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs HFM.
Does IC Markets or HFM offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets
offers better pricing overall for traders.
Is IC Markets or HFM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both IC Markets and HFM hold 1 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IC Markets earned a higher Trust Score than HFM.
Which trading platform is better: IC Markets or HFM?
To compare the trading platforms of both IC Markets and HFM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, HFM offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IC Markets and HFM offer MetaTrader 4 (MT4).IC Markets and HFM both offer copy trading.
How many forex pairs and CFDs are available to trade?
IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while HFM has 3500 available CFDs, a difference of 83.
Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).
Can I trust HFM?
HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).
Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
Is HFM good?
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
Overall winner: IC Markets
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.