Is HYCM or IC Markets better for Israel?

For experienced Israeli retail traders, IC Markets (score 4.8/5) is generally considered better due to its lower spreads, faster execution, and superior platform options. HYCM (score 3.6/5) is a solid alternative but trails in cost and technology. Both accept Israeli clients via Bank Transfer and Credit Card, but IC Markets offers tighter pricing that active traders in Israel often prefer.

Can Israel traders use both brokers legally?

Yes, both HYCM and IC Markets accept Israeli clients and are not prohibited by the ISA Israel. However, neither broker is directly regulated by the ISA. Israeli traders should verify that the entities they use hold reputable licenses (e.g., FCA, CySEC) and comply with local tax reporting requirements.

Which broker has lower spreads for Israel traders?

IC Markets consistently offers lower spreads than HYCM, especially on major forex pairs like EUR/USD, where raw spreads start from 0.0 pips on its True ECN account. HYCM's spreads are competitive but typically higher, making IC Markets the better choice for cost-conscious Israeli traders who trade frequently.

How do Israel traders deposit at HYCM and IC Markets?

Both brokers support Bank Transfer and Credit Card deposits for Israeli traders. IC Markets also offers additional e-wallet options like Skrill and Neteller, while HYCM focuses on traditional methods. Minimum deposits are low at both brokers, with IC Markets starting at $200 and HYCM at $100.

Do both brokers offer Islamic accounts for Israel?

Yes, both HYCM and IC Markets offer swap-free Islamic accounts for Muslim traders in Israel. These accounts comply with Sharia law by not charging or paying overnight interest. Traders should request this account type during registration and confirm eligibility, as terms may vary.

Home › Compare › HYCM vs IC Markets — Israel

Written by

Joseph Oloo

Fact checked by

Alia Mehmood

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Data verified

July 2026

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Country

Israel

Complete Head-to-Head Comparison · 2026

HYCM vs IC Markets 2026: Which Broker is Better for Israel Traders?

Which broker is better for Israel traders in 2026? Expert analysis across 12 categories.

HYCM

FCA · CySEC · CIMA · Founded 1977

Open Account

IC Markets

ASIC · CySEC · FSA · Founded 2007

Open Account

Winner: Tied

Categories: 12 compared

For: Israel traders

Updated: July 2026

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Compare All Brokers in Israel

Best Forex Brokers Lowest Spread Best Gold Brokers Best Demo Account

Quick Verdict — Israel 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 Israel Muslims

Best for Beginners

HYCM

Better education & support

$20 vs $200

Min deposit

1:500 vs 1:5000

Max leverage

FCA vs ASIC

Top regulator

3.6 vs 3.6

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

For experienced retail traders in Israel, choosing between HYCM and IC Markets is a critical decision that impacts trading costs, platform experience, and regulatory peace of mind. Both brokers accept Israeli clients and support local payment methods like Bank Transfer and Credit Card in ILS. However, they differ significantly in execution speed, spread tightness, and overall value. HYCM, with a score of 3.6/5, is a well-established broker offering a reliable trading environment but with higher costs and slower execution compared to IC Markets. IC Markets, scoring 4.8/5, is a global ECN leader known for ultra-low spreads, lightning-fast execution, and advanced platforms like cTrader and MetaTrader 4/5. For Israeli traders who prioritize cost efficiency and speed, IC Markets is the clear frontrunner. This comparison explores each broker's offerings in the context of Israel's trading landscape, helping you decide which aligns best with your strategy.

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Overall Scores Comparison

HYCM

FCA · CySEC · CIMA

3.6

CompareBroker score

Winner

IC Markets

ASIC · CySEC · FSA

3.6

CompareBroker score

Trading Costs

Spreads, commissions

3.7

Tie

3.7

Platforms

MT4, MT5, cTrader, TV

3.3

3.8

WIN

Regulation

Safety, oversight

3.9

Tie

3.9

Deposits

Local payments

3.7

Tie

3.7

Customer Support

24/5, chat, phone

3.4

Tie

3.4

Education

Webinars, guides

3.3

Tie

3.3

Execution

Speed, slippage

3.7

Tie

3.7

Mobile App

iOS, Android

3.6

Tie

3.6

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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 Israeli traders, trading costs are a major factor, especially for high-frequency or scalping strategies. IC Markets offers raw spreads from 0.0 pips on its True ECN account with a commission of $7 per lot round turn. HYCM's spreads are wider, typically starting at 1.2 pips on standard accounts with no commission. Over 100 trades per month, IC Markets can save Israeli traders hundreds of shekels. Both brokers support ILS deposits, but spreads are quoted in the base currency, so currency conversion fees may apply. IC Markets' lower spreads make it the more cost-effective choice for active traders in Israel.

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Account Types Comparison

Account Type	HYCM	IC Markets
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)