IC Markets vs Hantec Markets for Canada Traders (2026)

For Canada traders, trading costs are a key differentiator. IC Markets offers spreads from 0.0 pips on its Raw Spread account, with a $7 commission per lot (round turn). Hantec Markets has wider spreads, typically starting at 1.0 pips on standard accounts with no commission. On a 10-lot trade of USD/CAD, IC Markets would cost approximately $70 in commission versus $100+ in spread costs at Hantec Markets. For scalpers and high-volume traders in Canada, IC Markets is clearly more cost-efficient. Hantec Markets may suit occasional traders who prefer simplicity over raw cost savings.

Both brokers offer MetaTrader 4 and MetaTrader 5, the gold standard for Canada traders. IC Markets also provides cTrader, a popular platform for ECN trading with advanced charting and order management. Hantec Markets sticks to MT4 and MT5, which is sufficient for most retail traders. IC Markets' multi-platform support gives it an edge for traders who need flexibility across desktop, web, and mobile. Canada traders using algorithmic trading will appreciate IC Markets’ superior VPS options and API connectivity.

IC Markets boasts average execution speeds of under 40 milliseconds on its ECN infrastructure, with no requotes. Hantec Markets offers reliable execution but with slightly higher latency due to its dealing desk model. For Canada traders who scalp or trade news events, IC Markets’ raw speed and deep liquidity pool (from multiple banks) provide a significant edge in getting fills at desired prices.

IC Markets is regulated by ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). Hantec Markets is regulated by FCA (UK), FSA (Vanuatu), and ASIC. Neither broker is directly overseen by IIROC, meaning Canada traders do not have access to the Canadian Investor Protection Fund (CIPF). However, both firms maintain segregated client funds and negative balance protection. IC Markets has a stronger track record with ASIC oversight, while Hantec Markets’ FCA regulation offers robust client money rules. Canada traders should consider the level of protection each jurisdiction provides.

Canada traders have convenient deposit options at both brokers. IC Markets supports Bank Transfer (1-3 business days), Interac e-Transfer (instant, no fee), and Credit Card (Visa/Mastercard, instant, 2% fee). Hantec Markets also accepts Interac, bank wires, and credit cards, but Interac deposits may take up to 24 hours to process. Withdrawals at IC Markets via Interac are processed within 24 hours, while Hantec Markets can take 1-2 business days. IC Markets has no deposit or withdrawal fees for Interac, making it the more cost-effective option for Canadian traders who prefer instant electronic payments.

Both IC Markets and Hantec Markets offer Islamic (swap-free) accounts for Canada Muslim traders. IC Markets provides swap-free accounts on all account types (Standard, Raw Spread, and cTrader) upon request, with no additional fees for the first 30 days. Hantec Markets offers Islamic accounts only on standard accounts and may charge an administrative fee after 90 days. IC Markets’ policy is more flexible and transparent, making it the better choice for long-term swap-free trading in Canada.

IC Markets offers 24/7 live chat, email, and phone support in English, with response times under 5 minutes. Hantec Markets provides support during business hours via phone and email, with slower response times. For Canada traders in different time zones, IC Markets’ round-the-clock support is a clear advantage, especially during volatile market sessions.