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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

Broker 1

Broker 2

VS field	HFM hfm.com Forex BrokerMulti Asset BrokerMetal CFD	IC Markets icmarkets.com Forex BrokerMulti Asset BrokerStock CFD
Decision summary
Overall score

Trust score	89	99

Cost score	81	85

Platform score	94	94

Withdrawal score	86	86

Best for	CFD-focused HFM profile with strong official-source coverage, but several high-risk details require entity/region review before publication, especially leverage, account minimums,…	Experienced forex/CFD traders · Scalpers, day traders and algorithmic traders comfortable with high-risk leveraged products · Users who specifically need MT4/MT5, cTrader or Tradi…

Watch out	Needs verification	Long-term investors seeking physical stocks/ETFs · Beginners who need strong statutory investor compensation or negative balance protection · Residents of restricted countries or…

Trust & regulation
Regulators	FCA, FSCA, Seychelles FSA, CMA Kenya, CySEC, DFSA (DFSA verified from regulator register) Source	Financial Services Authority of Seychelles (FSA) Source
License numbers	183/12; 801701; 46632; SD015; 155; F004885; 22747 IBC 2015 Source	Securities Dealer license number SD018 Source
Regulated entities	HF Markets Group entities include Europe, UK, South Africa, Seychelles, Kenya, DIFC and St Vincent entities; regulation varies by entity. Source	Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018. Source
Negative balance protection	Negative balance protection advertised: if balance goes negative, HFM automatically resets it to zero. Source	No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance. Source
Investor compensation	Cyprus ICF membership for HF Markets (Europe) Ltd only; not universal across all HFM entities. Source	Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources. Source
Restricted countries	HFM does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea, UAE, Türkiye and others. Source	Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation. Source

Trust & regulation

Regulators

FCA, FSCA, Seychelles FSA, CMA Kenya, CySEC, DFSA (DFSA verified from regulator register)

Source

Financial Services Authority of Seychelles (FSA)

Source

License numbers

183/12; 801701; 46632; SD015; 155; F004885; 22747 IBC 2015

Source

Securities Dealer license number SD018

Source

Regulated entities

HF Markets Group entities include Europe, UK, South Africa, Seychelles, Kenya, DIFC and St Vincent entities; regulation varies by entity.

Source

Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018.

Source

Negative balance protection

Negative balance protection advertised: if balance goes negative, HFM automatically resets it to zero.

Source

No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance.

Source

Investor compensation

Cyprus ICF membership for HF Markets (Europe) Ltd only; not universal across all HFM entities.

Source

Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources.

Source

Restricted countries

HFM does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea, UAE, Türkiye and others.

Source

Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation.

Source

Costs & account conditions
Minimum deposit	From $0/€0 on several accounts; Pro $100/€100; InfinityX $500; Zero page has conflicting $0/€0 table vs $25 FAQ. Source	No minimum deposit requirement disclosed for opening a trading account. Source
Spread from	Spreads from 0.0 pips / Zero from 0 on Forex; Pro from 0.6, Premium/Cent from 1.4, InfinityX from 0.3. Source	Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip. Source
Commission	Most listed accounts advertise no commission; Zero account charges commissions starting from $3 per 1 lot / $6 round turn per 100,000 FX. Source	Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side. Source
Maximum leverage	Up to 1:2000 on Cent/Zero/Pro/Premium; InfinityX advertises unlimited leverage; leverage may be adjusted. Source	IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time. Source
Deposit fee	HFM states no deposit fees; bank transfer row notes no fees for deposits over $100. Source	IC does not charge additional deposit fees; bank/intermediary fees may apply. Source
Withdrawal fee	No HFM withdrawal fees; third-party bank/processor fees may apply. Source	IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths. Source
Inactivity fee	HFSV Client Agreement discloses monthly Dormant Fee tiers: $5, $10, $20, then prior year's monthly fee plus $10; no charge if balance is zero. Source	No account inactivity fees. Source

Costs & account conditions

Minimum deposit

From $0/€0 on several accounts; Pro $100/€100; InfinityX $500; Zero page has conflicting $0/€0 table vs $25 FAQ.

Source

No minimum deposit requirement disclosed for opening a trading account.

Source

Spread from

Spreads from 0.0 pips / Zero from 0 on Forex; Pro from 0.6, Premium/Cent from 1.4, InfinityX from 0.3.

Source

Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip.

Source

Commission

Most listed accounts advertise no commission; Zero account charges commissions starting from $3 per 1 lot / $6 round turn per 100,000 FX.

Source

Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side.

Source

Maximum leverage

Up to 1:2000 on Cent/Zero/Pro/Premium; InfinityX advertises unlimited leverage; leverage may be adjusted.

Source

IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time.

Source

Deposit fee

HFM states no deposit fees; bank transfer row notes no fees for deposits over $100.

Source

IC does not charge additional deposit fees; bank/intermediary fees may apply.

Source

Withdrawal fee

No HFM withdrawal fees; third-party bank/processor fees may apply.

Source

IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths.

Source

Inactivity fee

HFSV Client Agreement discloses monthly Dormant Fee tiers: $5, $10, $20, then prior year's monthly fee plus $10; no charge if balance is zero.

Source

No account inactivity fees.

Source

Markets, platforms & payments
Tradable assets	Over 500 markets including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos and ETFs, offered as CFDs. Source	Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs. Source
Trading platforms	MT4, MT5, HFM WebTrader, Mobile Trading / HFM Platform / HFM App. Source	MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade. Source
Account types	Cent, Zero, Pro, Premium and InfinityX live account types observed on official pages. Source	Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries. Source
Deposit methods	Bank transfers, credit/debit cards and alternative payment methods. Source	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency. Source
Withdrawal methods	Bank transfers, credit/debit cards and alternative payment methods. Source	Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal. Source
Withdrawal processing time	Bank/card withdrawals: 2-10 business days; alternative withdrawals: up to 24 hours or instant, method dependent. Source	Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method. Source

Markets, platforms & payments

Tradable assets

Over 500 markets including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos and ETFs, offered as CFDs.

Source

Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs.

Source

Trading platforms

MT4, MT5, HFM WebTrader, Mobile Trading / HFM Platform / HFM App.

Source

MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade.

Source

Account types

Cent, Zero, Pro, Premium and InfinityX live account types observed on official pages.

Source

Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries.

Source

Deposit methods

Bank transfers, credit/debit cards and alternative payment methods.

Source

Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency.

Source

Withdrawal methods

Bank transfers, credit/debit cards and alternative payment methods.

Source

Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal.

Source

Withdrawal processing time

Bank/card withdrawals: 2-10 business days; alternative withdrawals: up to 24 hours or instant, method dependent.

Source

Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method.

Source

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