HQBroker is a Forex brokerage registered in the Marshall Islands. It provides the MT4 trading platform and an extremely generous leverage of up to 1:1000. Furthermore, there is a wide range of trading products from which to choose and a required minimum deposit of $250 which is about the industry average. The spread on EUR/USD is fixed at 2 pips which is a bit above the industry average of a pip and a half.
|#||Broker's Features||HQBROKER Availability||IC MARKETS Availability|
|#||Accepts US traders||✔||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||✔||✔|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare HQBroker vs Ic Markets.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. HQBroker offers Online Financial Trading and Investment Services Such as CFDs, Currency Pairs, Indices, Shares, Options, Co, while Ic Markets offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. HQBroker is Broker, ECN, while Ic Markets is ECN, STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. HQBroker recommended minimum capital is N/A, while Ic Markets has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HQBroker is regulated by Not regulated, while Ic Markets regulated by ASIC, CySec, FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. HQBroker offers USD, GBP, EUR, NZD, AUD different account currencies for each account types, while Ic Markets offers AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF account currencies.
Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English, while Ic Markets offers English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. HQBroker offers Credit/Debit Cards, Bank Wire Transfer, Skrill different payment methods for each account types, while Ic Markets offers Credit/Debit Cards, Moneybookers, Neteller, PayPal, Skrill, Wire payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HQBroker makes MT4, WebTrader available to clients, while Ic Markets offers MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Ic Markets is more reliable based on our criteria above. Only Ic Markets offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Ic Markets broker is regulated in more major hubs. Ic Markets offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Ic Markets offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Ic Markets has a wider range of languages in which customer service is offered making the broker more accessible. As Ic Markets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only Ic Markets provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
IC Markets has very low trading and non-trading fees. It has also an easy and fast account opening. The deposit and withdrawal are free and user-friendly.
With IC Markets you will not have any investor and negative balance protection. It has a limited product portfolio offering only forex, some CFDs, and crypto.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.