IC Markets vs FXTM (2026): Comprehensive Comparison for Hungary Traders
Which broker is better for Hungary traders in 2026? Expert analysis across 12 categories.
For Hungary-based retail traders comparing forex brokers in 2026, IC Markets and FXTM stand out as two top contenders. IC Markets, with a stellar 4.8/5 rating, is known for its ultra-low spreads and institutional-grade execution, appealing to active traders. FXTM, rated 4.3/5, offers a more beginner-friendly experience with extensive educational resources and local support. Both brokers accept Hungarian clients and support popular local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals seamless. Hungary traders benefit from access to global markets, but must consider factors like trading costs, platform preferences, and regulatory comfort. This comparison covers spreads, platforms, deposit options, and regulation to help you choose the best broker for your trading style in Hungary.
| Instrument | IC Markets | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $10 | FXTM |
| Inactivity fee | ✓ | ✓ | Tie |
When comparing trading costs for Hungary traders, IC Markets clearly leads with spreads starting from 0.0 pips on its Raw Spread account, plus a $7 round-turn commission. FXTM's standard account has spreads around 1.2 pips with no commission, which is costlier for high-frequency traders. For a Hungary trader executing 10 lots per month, IC Markets can save over $500 annually. Both brokers offer competitive swap rates, but IC Markets' lower spreads give it a clear edge for cost-sensitive traders. Volume traders will particularly benefit from IC Markets' pricing model.
| Account Type | IC Markets | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| VPS trading | ✓ | ✓ |
| Min deposit | $200 | $10 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | FXTM |
|---|---|---|
| Hungary (offshore) | Up to 1:500 | Up to 1:2000 |
| Forex major pairs | 1:500 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, all fully compatible with Hungary traders. FXTM also provides MT4 and MT5, plus its proprietary FXTM Trader app. For Hungary traders who value advanced charting and algorithmic trading, IC Markets' cTrader is a standout. FXTM's platform is more intuitive for beginners, with integrated educational tools. Both brokers support mobile trading on iOS and Android, ensuring Hungary traders can manage positions on the go.
| Factor | IC Markets | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets is known for its low-latency execution with no dealing desk intervention, offering average execution speeds under 40ms. FXTM also provides fast execution but may have occasional requotes during volatile markets. For Hungary traders trading major pairs like EUR/USD, IC Markets offers superior execution quality, especially for scalpers and algorithmic traders.
| Safety Factor | IC Markets | FXTM |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Reg number | #335692 | #600475 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), while FXTM is regulated by CySEC, the Financial Conduct Authority (FCA), and the International Financial Services Commission (IFSC). For Hungary traders, both brokers offer client fund segregation and negative balance protection under EU regulations. Neither is directly regulated by local financial regulator, but they comply with EU MiFID II standards, providing a secure trading environment for Hungarian retail traders.
| Payment Method | IC Markets | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Cards instant (up to 2h EU); e-wallets instant-2h; bank/local transfer 1 business day; crypto up to 24h |
| Min withdrawal | $50 | $50 |
Hungary traders can fund accounts at both IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. IC Markets has a minimum deposit of $200 via bank transfer and $50 for e-wallets, with no deposit fees. FXTM offers a lower minimum deposit of $10, ideal for beginners. Withdrawals are processed within 1-2 business days for e-wallets and 3-5 days for bank transfers. Both brokers support HUF conversions, though USD is the base currency for trading. USDT deposits are processed via TRC20 or ERC20 networks, with small network fees. IC Markets has a slight edge in speed for large withdrawals.
| Islamic Account Feature | IC Markets | FXTM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
Both IC Markets and FXTM provide Islamic (swap-free) accounts for Hungary Muslim traders who require compliance with Sharia law. IC Markets offers swap-free accounts upon request, with no overnight interest charges on positions held beyond one day. FXTM has dedicated Islamic account options available for all account types, with a simple application process. These accounts are available for Hungary traders, though some restrictions on certain instruments may apply. FXTM's process is slightly more streamlined.
| Support Feature | IC Markets | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
Both brokers offer 24/5 multilingual customer support via live chat, email, and phone. IC Markets provides quick response times and a comprehensive FAQ section. FXTM offers Hungarian language support during local business hours, which is a plus for Hungary traders. IC Markets' support is more technical, while FXTM's team is more educational.
| Mobile Feature | IC Markets | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Are an active trader seeking ultra-low spreads and tight commissions
- Use advanced platforms like cTrader for algorithmic trading
- Trade high volumes and need institutional-grade execution
- Prefer fast withdrawals with no deposit fees
Choose FXTM if you...
- Are a beginner trader needing educational resources and guidance
- Want to start with a low minimum deposit of $10
- Prefer a broker with Hungarian language support
- Value a wide range of account types and Islamic account options
For Hungary retail traders, IC Markets is the superior choice due to its lower trading costs, faster execution, and higher overall rating (4.8/5 vs 4.3/5). However, FXTM remains a strong option for beginners or those seeking more educational support. Both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and operate under EU regulations. If cost efficiency and advanced trading tools are your priority, IC Markets is the clear winner. For a more guided trading experience with lower entry barriers, FXTM is a viable alternative. Consider your trading volume and experience level when deciding.