Quick Verdict — Hungary Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
FXTM
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Hungary Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:5000
Max leverage
Head-to-head comparison
For Hungary-based retail traders comparing forex brokers in 2026, IC Markets and FXTM stand out as two top contenders. IC Markets, with a stellar 4.8/5 rating, is known for its ultra-low spreads and institutional-grade execution, appealing to active traders. FXTM, rated 4.3/5, offers a more beginner-friendly experience with extensive educational resources and local support. Both brokers accept Hungarian clients and support popular local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals seamless. Hungary traders benefit from access to global markets, but must consider factors like trading costs, platform preferences, and regulatory comfort. This comparison covers spreads, platforms, deposit options, and regulation to help you choose the best broker for your trading style in Hungary.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
VS
FXTM
FCA · CySEC · FSCA
3.7
CompareBroker score
Winner
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | FXTM | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $50 | IC Markets |
When comparing trading costs for Hungary traders, IC Markets clearly leads with spreads starting from 0.0 pips on its Raw Spread account, plus a $7 round-turn commission. FXTM's standard account has spreads around 1.2 pips with no commission, which is costlier for high-frequency traders. For a Hungary trader executing 10 lots per month, IC Markets can save over $500 annually. Both brokers offer competitive swap rates, but IC Markets' lower spreads give it a clear edge for cost-sensitive traders. Volume traders will particularly benefit from IC Markets' pricing model.
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Account Types Comparison
| Account Type | IC Markets | FXTM |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| Min deposit | $200 | $50 |
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Leverage Comparison - Hungary Traders
| Entity / Asset | IC Markets | FXTM |
|---|
| Hungary (offshore) | Up to 1:5000 | Up to 1:5000 |
| Forex major pairs | 1:5000 | 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 Hungary Traders
Traders in Hungary 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 | IC Markets | FXTM | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | FXTM | Winner |
|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets is known for its low-latency execution with no dealing desk intervention, offering average execution speeds under 40ms. FXTM also provides fast execution but may have occasional requotes during volatile markets. For Hungary traders trading major pairs like EUR/USD, IC Markets offers superior execution quality, especially for scalpers and algorithmic traders.
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Regulation & Safety for Hungary Traders
| Safety Factor | IC Markets | FXTM |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Hungary traders, both brokers offer client fund segregation and negative balance protection under EU regulations.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Hungary traders may differ by entity.
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Deposits & Withdrawals for Hungary
| Payment Method | IC Markets | FXTM |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
Hungary traders can fund accounts at both IC Markets and FXTM using Bank Transfer, Skrill, Neteller, and USDT. IC Markets has a minimum deposit of $200 via bank transfer and $50 for e-wallets, with no deposit fees. FXTM offers a lower minimum deposit of $10, ideal for beginners. Withdrawals are processed within 1-2 business days for e-wallets and 3-5 days for bank transfers. Both brokers support HUF conversions, though USD is the base currency for trading. USDT deposits are processed via TRC20 or ERC20 networks, with small network fees. IC Markets has a slight edge in speed for large withdrawals.
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Islamic Accounts - Swap-Free for Hungary Muslims
| Islamic Account Feature | IC Markets | FXTM |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and FXTM provide Islamic (swap-free) accounts for Hungary Muslim traders who require compliance with Sharia law. IC Markets offers swap-free accounts upon request, with no overnight interest charges on positions held beyond one day. FXTM has dedicated Islamic account options available for all account types, with a simple application process. These accounts are available for Hungary traders, though some restrictions on certain instruments may apply. FXTM's process is slightly more streamlined.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | FXTM | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
Both brokers offer 24/5 multilingual customer support via live chat, email, and phone. IC Markets provides quick response times and a comprehensive FAQ section. FXTM offers Hungarian language support during local business hours, which is a plus for Hungary traders. IC Markets' support is more technical, while FXTM's team is more educational.
| Mobile Feature | IC Markets | FXTM | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | FXTM | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
FXTM
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Hungary Guide
Choose IC Markets if you...
- Are an active trader seeking ultra-low spreads and tight commissions
- Use advanced platforms like cTrader for algorithmic trading
- Trade high volumes and need institutional-grade execution
- Prefer fast withdrawals with no deposit fees
Choose FXTM if you...
- Are a beginner trader needing educational resources and guidance
- Want to start with a low minimum deposit of $10
- Prefer a broker with Hungarian language support
- Value a wide range of account types and Islamic account options
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FAQ - IC Markets vs FXTM in Hungary
Is IC Markets or FXTM better for Hungary?
+Can Hungary traders use both brokers legally?
+Which broker has lower spreads for Hungary traders?
+How do Hungary traders deposit at IC Markets and FXTM?
+Do both brokers offer Islamic accounts for Hungary?
+Final Verdict - Hungary 2026
FXTM wins overall
For Hungary retail traders, IC Markets is the superior choice due to its lower trading costs, faster execution, and higher overall rating (4.8/5 vs 4.3/5). However, FXTM remains a strong option for beginners or those seeking more educational support. Both brokers support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, and operate under EU regulations. If cost efficiency and advanced trading tools are your priority, IC Markets is the clear winner. For a more guided trading experience with lower entry barriers, FXTM is a viable alternative. Consider your trading volume and experience level when deciding.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
