Is HYCM or IC Markets better for North Macedonia?

IC Markets scores higher overall (4.8 vs 3.6) and offers tighter spreads, faster execution, and more platform choices, making it a strong pick for active North Macedonia traders. HYCM is a solid alternative if you prefer a broker with a longer track record and a simpler account structure. Both accept local deposits via Bank Transfer, Skrill, Neteller, and USDT TRC20.

Can North Macedonia traders use both brokers legally?

Yes, North Macedonia traders can legally open accounts with both HYCM and IC Markets as neither broker is restricted by the local financial regulator. Both are regulated internationally (FCA, CySEC, ASIC) and accept clients from North Macedonia. Ensure you comply with local tax laws on forex profits.

Which broker has lower spreads for North Macedonia traders?

IC Markets offers lower spreads starting from 0.0 pips on its Raw Spread account with a small commission, while HYCM’s spreads average around 1.2 pips on standard accounts. For high-volume traders in North Macedonia, IC Markets provides a clear cost advantage, especially when trading major currency pairs.

How do North Macedonia traders deposit at HYCM and IC Markets?

Both brokers support Bank Transfer, Skrill, Neteller, and USDT TRC20 for North Macedonia traders. Deposits via Skrill and Neteller are usually instant, while Bank Transfer may take 1-3 business days. USDT TRC20 offers a fast, low-cost crypto option. Minimum deposits vary: HYCM requires $100, IC Markets $200.

Do both brokers offer Islamic accounts for North Macedonia?

Yes, both HYCM and IC Markets offer swap-free Islamic accounts for North Macedonia Muslim traders. HYCM provides Islamic accounts on request, while IC Markets offers them automatically for clients from predominantly Muslim countries. No interest is charged on overnight positions, aligning with Sharia principles.

Home › Compare › HYCM vs IC Markets — North Macedonia

Written by

Joseph Oloo

Fact checked by

Alia Mehmood

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Data verified

July 2026

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Country

North Macedonia

Complete Head-to-Head Comparison · 2026

HYCM vs IC Markets for North Macedonia Traders (2026)

Which broker is better for North Macedonia traders in 2026? Expert analysis across 12 categories.

HYCM

FCA · CySEC · CIMA · Founded 1977

Open Account

IC Markets

ASIC · CySEC · FSA · Founded 2007

Open Account

Winner: Tied

Categories: 12 compared

For: North Macedonia traders

Updated: July 2026

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Compare All Brokers in North Macedonia

Best Forex Brokers Lowest Spread Best Gold Brokers Best Demo Account

Quick Verdict — North Macedonia Traders

Best Overall

HYCM & IC Markets

Higher overall score & more features

Best Spreads

IC Markets

Lower trading costs for scalpers

Islamic Accounts

Both Available

Swap-free for North Macedonia Muslims

Best for Beginners

HYCM

Better education & support

$20 vs $200

Min deposit

1:500 vs 1:5000

Max leverage

FCA vs ASIC

Top regulator

3.6 vs 3.6

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

For traders in North Macedonia, choosing between HYCM and IC Markets means weighing a long-established broker against a global low-cost leader. HYCM, with a score of 3.6/5, has been in operation since 1977 and offers a trusted brand with a range of account types. IC Markets, scoring 4.8/5, is known for ultra-tight spreads, fast execution, and advanced platforms like cTrader. Both brokers accept North Macedonia clients and support local deposit methods including Bank Transfer, Skrill, Neteller, and USDT TRC20. The local financial regulator oversees forex activities, so traders should ensure compliance with reporting requirements. This comparison focuses on costs, platforms, regulation, and payment methods to help you decide which broker fits your trading style.

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Overall Scores Comparison

HYCM

FCA · CySEC · CIMA

3.6

CompareBroker score

Winner

IC Markets

ASIC · CySEC · FSA

3.6

CompareBroker score

Trading Costs

Spreads, commissions

3.7

Tie

3.7

Platforms

MT4, MT5, cTrader, TV

3.3

3.8

WIN

Regulation

Safety, oversight

3.9

Tie

3.9

Deposits

Local payments

3.7

Tie

3.7

Customer Support

24/5, chat, phone

3.4

Tie

3.4

Education

Webinars, guides

3.3

Tie

3.3

Execution

Speed, slippage

3.7

Tie

3.7

Mobile App

iOS, Android

3.6

Tie

3.6

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Trading Costs - Spreads & Commissions

Instrument	HYCM	IC Markets	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	IC Markets
XAU/USD (Gold)	$0.14 typical	$0.12 typical	IC Markets
GBP/USD avg spread	0.29 pips	0.23 pips	IC Markets
Standard acc spread	from 1.0 pips	from 0.8 pips	IC Markets
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$20	$200	HYCM

For North Macedonia traders, trading costs can significantly impact profitability, especially for high-frequency or scalping strategies. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side, while HYCM’s standard account has spreads around 1.2 pips with no commission. Over 100 trades per month, IC Markets can save you $50–$100 in spread costs. Both brokers offer competitive swap rates, but IC Markets’ lower spreads make it the cheaper option for active traders.

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Account Types Comparison

Account Type	HYCM	IC Markets
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✓	✓
Demo account	✓	✓
PAMM / MAM account	✗	✓
Zero spread account	✗	✓
Copy trading	✗	✗
Min deposit	$20	$200

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Leverage Comparison - North Macedonia Traders

Entity / Asset	HYCM	IC Markets
North Macedonia (offshore)	Up to 1:500	Up to 1:5000
Forex major pairs	1:500	1:5000
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for North Macedonia Traders

Traders in North Macedonia typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

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Trading Instruments - Assets Available

Asset Class	HYCM	IC Markets	Winner
Forex pairs	90+	65+	HYCM
Gold (XAU/USD)	✓