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IC Markets Overview for Hungary
IC Markets, founded in 2007 and headquartered in Sydney, Australia, has grown into one of the world's largest forex and CFD brokers, serving over 200,000 clients globally. For Hungary traders, IC Markets offers a compelling proposition: ultra-low spreads (from 0.0 pips on Raw Spread accounts), high leverage up to 1:500, and a wide range of trading instruments including forex pairs, indices, commodities, and cryptocurrencies. The broker is particularly popular among retail forex traders in Hungary due to its ECN pricing model and fast execution speeds (average 40ms). While IC Markets does not have a physical office in Hungary, it accepts local payment methods such as Bank Transfer (SEPA), Skrill, and USDT, and supports Hungarian forint (HUF) deposits via conversion. The broker's global reputation and regulatory oversight from ASIC, CySEC, FSA, and SCB provide a level of trust, though Hungary traders should be aware that the broker is not directly regulated by the Magyar Nemzeti Bank (MNB). IC Markets is best suited for experienced traders who prioritize low costs and advanced platforms over local regulatory comfort.
| Detail | Information |
|---|
| Founded | 2007 |
| Headquarters | Australia |
| Regulated by | ASIC,CySEC,FSA,SCB |
| Min Deposit | $200 |
| Max Leverage | 5000 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is IC Markets Safe for Hungary?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Hungary traders
Always verify IC Markets's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.02 pips | $3.50 | $3.52 | 0.80 pips |
| GBP/USD | 0.23 pips | $3.50 | $3.73 | 1.20 pips |
| XAU/USD | 0.12 pips | $3.50 | $3.62 | 0.25 pips |
| S&P500 | 0.30 | $3.50 | $3.80 | 0.50 |
| NASDAQ | 0.80 | $3.50 | $4.30 | 1.50 |
| BTC/USD | $30 | $3.50 | $33.50 | $45 |
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Account Types for Hungary Traders
Standard Account
No Commission
Min Deposit$200
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5, cTrader
Raw Spread Account
Best for Scalping
Min Deposit$200
EUR/USD Spreadfrom 0.02 pips
Commission$3.50
IslamicAvailable
PlatformsMT4, MT5, cTrader
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Hungary Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Hungary deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Hungary Muslim Traders
IC Markets offers an Islamic (swap-free) account for Muslim traders in Hungary who wish to trade in compliance with Sharia law. This account is available for both Standard and Raw Spread account types and eliminates all overnight swap fees (interest) on positions held open past 00:00 server time. There are no hidden fees, but the account is subject to a 12-month holding period; if the account is closed within 12 months, all swap fees that would have been charged are retroactively applied. To apply, Hungary traders need to open a live account and then contact support to request conversion to an Islamic account. The broker does not charge any additional spread or commission for swap-free accounts. This is a genuine swap-free offering, making it suitable for Muslim traders who want to avoid interest (riba).
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Hungary
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.02 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.12 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.30 |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | $30 |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Hungary traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Hungary traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Hungary traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Hungary Review
Support verdict for Hungary
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Hungary Traders Make with IC Markets
- Mistake: Assuming IC Markets is regulated by the MNB. Hungary traders should verify the broker's CySEC license (362/18) for European client protection, not rely on local regulation.
- Using a Standard account when trading frequently. The Raw Spread account with commission is cheaper for active traders due to lower spreads.
- Not checking withdrawal fees. While IC Markets does not charge internal fees, Skrill withdrawals may incur a fee from Skrill itself. Always choose the most cost-effective method.
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IC Markets vs Competitors in Hungary
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| IC Markets (current) | $200 | 0.02 pips | Yes | No | 3.6 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — IC Markets
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Hungary traders
IC Markets segregates all client funds and is regulated by top-tier authorities.
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IC Markets User Reviews & Ratings
CompareBroker Expert Rating
3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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IC Markets Latest News & Updates 2026
IC Markets expands TradingView integration
IC Markets has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
IC Markets maintains top-tier regulatory status
IC Markets continues to hold its regulatory licenses, ensuring client fund protection for Hungary traders.
New instruments added for Hungary traders
IC Markets has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is IC Markets Worth It for Hungary Traders?
3.6/5
★★★★★
IC Markets is a strong choice for experienced Hungary traders who prioritize low trading costs, fast execution, and a wide range of instruments. The broker's ECN pricing, availability of MT4/MT5/cTrader, and support for local payment methods like Bank Transfer, Skrill, and USDT make it highly accessible. However, the lack of direct MNB regulation and absence of Hungarian-language support are significant drawbacks for beginners or those who value local oversight. The Islamic account is a genuine benefit for Muslim traders. Overall, IC Markets is recommended for active retail forex traders in Hungary who are comfortable with an offshore-regulated broker and want the best possible trading conditions. If you are a beginner, consider starting with a demo account to test the waters before depositing real funds.
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FAQ — IC Markets for Hungary Traders
Is IC Markets safe for Hungary traders?+
How can I deposit money in IC Markets from Hungary?+
Does IC Markets have Islamic account?+
What is the minimum deposit for IC Markets in Hungary?+
What trading platforms does IC Markets offer?+
Is IC Markets regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
