IC Markets vs HeroFX
IC Markets: 4.7/5 | HeroFX: 3.8/5
Key Facts Compared
| Feature | IC Markets | HeroFX |
|---|---|---|
| Regulation | ASIC, CySEC, FSA | Not Regulated |
| Minimum Deposit | $200 | $5 (crypto) / $30 (fiat) |
| Spreads From | 0.0 pips (Raw), 0.6 pips (Standard) | Raw from -0.4 pips |
| Commission | $3.50 per lot per side (Raw) | n/a |
| Leverage | Up to 1:500 | Up to 1:500 |
| Platforms | MT4, MT5, cTrader | TradeLocker, MT5 |
| Instruments | 60+ Forex, Indices, Commodities, Crypto, Bonds | 170+ (Forex, Metals, Energies, Crypto, Futures, Stocks) |
| Account Types | Standard, Raw Spread | Hero10X, Zero Commission, Raw Spread, 100% Bonus Credits, Islamic |
| Deposit Methods | Bank, Card, Skrill, Neteller, PayPal, Crypto | Crypto, Bank Transfer, E-wallets |
| Withdrawal Time | 1-3 business days | 1-5 business days |
| Deposit Bonus | n/a | 100% Bonus Credits up to $25,000 (on every deposit, Bonus account only) |
Who Should Choose IC Markets
- Scalpers and high-frequency traders
- Traders who need raw spreads
- cTrader users
- High-volume traders needing deep liquidity
Who Should Choose HeroFX
- Small account traders who want high leverage without regulatory caps
- Prop firm traders already using TradeLocker who want a compatible retail broker
- Crypto-native traders who prefer depositing in BTC or USDT
- Experienced traders who understand offshore risk and want the lowest possible entry
IC Markets: Our Take
The go-to broker for serious traders. Raw spreads from 0.0 pips, deep liquidity, and institutional-grade execution make IC Markets the top choice for scalpers and high-volume traders.
HeroFX: Our Take
HeroFX is the $30 entry ticket to 1:500 leverage, raw spreads from -0.4 pips, and 170+ instruments across TradeLocker and MT5. Zero regulation. Zero safety net. The trading conditions are genuinely competitive. The risk is that your money sits in St. Lucia with no regulator watching the door. If you trade small and treat every deposit as money already spent, HeroFX delivers. If you need someone to call when things go wrong, look at GatesFX or Pepperstone instead.