HeroFX vs IC Markets
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Quick Verdict
HeroFX wins this comparison — 4 out of 6 categories.
Our analysts reviewed both options across pricing, reputation, and trading conditions. HeroFX came out ahead based on our scoring criteria. Read each category below for the full breakdown.
Side-by-Side Comparison
Customer Support & Reputation
HeroFX winsHeroFX has a slight edge in customer support and overall reputation. It holds an EntryLab rating of 4.80/10. IC Markets scores 4.70/10 on our platform, which is respectable but trails behind.
HeroFX4.80
IC Markets4.70Leverage & Instruments
IC Markets offers greater trading power with maximum leverage of 1:500 offshore / 1:30 EU & AU. This gives active traders more flexibility to size positions. HeroFX caps leverage at 1:500, which may limit scalability for experienced traders looking for higher exposure.
HeroFX1:500IC Markets1:500 offshore / 1:30 EU & AUDeposit & Withdrawal
HeroFX winsHeroFX supports a wider range of deposit and withdrawal options. It accepts Crypto (BTC, ETH, USDT, TRX, MATIC, SOL, DOT, BNB, USDC), including cryptocurrency, giving traders more flexibility. IC Markets offers Bank Transfer, Visa/Mastercard, Skrill, Neteller, PayPal, Crypto, which may not suit all traders.
HeroFX$5.00IC Markets$200Platforms & Tools
IC Markets winsIC Markets provides a broader range of trading platforms. It supports MT4, MT5, cTrader, giving traders more flexibility in how they access the markets. HeroFX offers TradeLocker, which covers the essentials but falls short on variety.
HeroFXIC MarketsRegulation & Safety
IC Markets winsWhen it comes to regulation, IC Markets holds the edge. IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018, a top-tier authority, while HeroFX operates under No Regulation (registered in Saint Lucia). For traders who prioritise safety and fund protection, IC Markets is the stronger choice in this category.
HeroFXIC MarketsTrading Costs
HeroFX winsHeroFX offers more competitive trading costs overall. With EUR/USD spreads from 0.01 and commissions of $0 (Zero Commission), from $1/lot (Raw Spread and Islamic), it undercuts IC Markets, which charges spreads of 0.0 pips (Raw) / 0.6 pips (Standard) with commission-free commission. Cost-conscious traders will find HeroFX more attractive.
HeroFX0.01IC Markets0.0 pips (Raw) / 0.6 pips (Standard)Account Types & Min Deposit
HeroFX winsHeroFX is the more accessible choice for traders getting started. With a minimum deposit of $5.00, it requires less capital to open an account than IC Markets, which requires $200. Lower barriers to entry make HeroFX the winner in this category.
HeroFX$5.00IC Markets$200Our Pick
HeroFX Wins This Round
Based on our side-by-side analysis, HeroFX edges ahead in this matchup. Get started today.
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Frequently Asked Questions
Is HeroFX better than IC Markets?
Based on our analysis across 7 key categories, HeroFX wins with a score of 4–3. However, the best broker for you depends on your specific trading style and priorities.
Which has lower spreads, HeroFX or IC Markets?
HeroFX offers lower trading costs. HeroFX spreads start from 0.01 while IC Markets starts from 0.0 pips (Raw) / 0.6 pips (Standard).
Is HeroFX safer than IC Markets?
IC Markets is regulated by a higher-tier authority. HeroFX is regulated by No Regulation (registered in Saint Lucia), while IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018.
Can I use MT5 with both HeroFX and IC Markets?
HeroFX supports TradeLocker and IC Markets supports MT4, MT5, cTrader. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, HeroFX or IC Markets?
HeroFX has the lower minimum deposit requirement. HeroFX requires $5.00 while IC Markets requires $200.
Is HeroFX regulated?
Yes, HeroFX is regulated by No Regulation (registered in Saint Lucia). Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, HeroFX or IC Markets?
For beginners, HeroFX is generally the stronger choice due to its lower minimum deposit. However, both brokers offer standard tools suitable for newer traders.