Quick Verdict — Finland Traders
Best Overall
HYCM & IC Markets
Higher overall score & more features
Best Spreads
IC Markets
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Finland Muslims
Best for Beginners
HYCM
Better education & support
1:500 vs 1:5000
Max leverage
Finland traders seeking a reliable forex broker often compare HYCM and IC Markets, two globally recognized brands with distinct strengths. HYCM, with a score of 3.6/5, is a well-established broker offering a user-friendly platform and strong regulatory oversight from the FCA and CySEC. IC Markets, scoring 4.8/5, is a top choice for active traders due to its ultra-low spreads, high-speed execution, and extensive market access. For Finland retail traders, factors like local payment methods (Bank Transfer, Skrill, Neteller, USDT TRC20), regulatory compliance with the local financial regulator (FIN-FSA), and trading costs are critical. This comparison evaluates both brokers on these specific criteria to help you decide which aligns with your trading style and local needs.
🏆
Overall Scores Comparison
HYCM
FCA · CySEC · CIMA
3.6
CompareBroker score
Winner
VS
IC
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
💹
Trading Costs - Spreads & Commissions
| Instrument | HYCM | IC Markets | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | IC Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | IC Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | IC Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | IC Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $20 | $200 | HYCM |
For Finland traders, trading costs are a major differentiator between HYCM and IC Markets. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.5 commission per lot, making it ideal for scalpers and high-volume traders. In contrast, HYCM's standard account spreads start at 1.2 pips with no commission, which is costlier for frequent trades. On a 10-lot EUR/USD trade, IC Markets saves approximately $20 in spread costs compared to HYCM. Finland traders using scalping or day trading strategies will benefit significantly from IC Markets' lower cost structure.
📂
Account Types Comparison
| Account Type | HYCM | IC Markets |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $20 | $200 |
⚖️
Leverage Comparison - Finland Traders
| Entity / Asset | HYCM | IC Markets |
|---|
| Finland (offshore) | Up to 1:500 | Up to 1:5000 |
| Forex major pairs | 1:500 | 1:5000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Finland Traders
Traders in Finland typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
📈
Trading Instruments - Assets Available
| Asset Class | HYCM | IC Markets | Winner |
|---|
| Forex pairs | 90+ | 65+ | HYCM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | HYCM |
| Crypto CFDs | 30+ | 20+ | HYCM |
| Stocks / Share CFDs | ✗ | ✗ | IC Markets |
| ETFs | ✗ | ✗ | Tie |