Hugo’s Way
IC Markets

Regulations and Licenses

Feature
Hugo’s Way
IC Markets
ASIC (Australia)
CYSEC (Cyprus)
FSA (Seychelles)
Unregulated

Brokerage

Feature
Hugo’s Way
IC Markets
EUR/USD Avg. Raw Spread
-
0.10
GBP/USD Avg. Raw Spread
-
0.70
AUD/USD Avg. Raw Spread
-
0.10
EUR/USD Standard Spread
0.9
0.62
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
1.7
0.82
AUD/USD Avg. Standard Spread
1.3
0.83
Commissions (USD Base)
$5
$3.50
Minimum Deposit
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
4+
15+
No Funding Fees

Markets and Instruments

Feature
Hugo’s Way
IC Markets
Currency Pairs
55+
61+
Cryptocurrency CFDs*
38+
18+
Index CFDs
11+
16+
Share CFDs
104+
100+
Commodities CFD
6+
26+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 500:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
500:1
Retail Max. Leverage (Europe)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
-
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Hugo’s Way
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Hugo’s Way
IC Markets
Our Rating
30
85
 

How Do IC Markets Vs Hugo’s Way Compare?

Our full comparison covers the 10 most important trading factors. Here are five key differences:

  • Hugo’s Way is a newer broker without regulation, whereas IC Markets is multi-regulated.
  • IC Markets offers a commission of $3.50 (USD Base), while Hugo’s Way charges $5.
  • IC Markets provides trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, while Hugo’s Way offers only MetaTrader 4.
  • Hugo’s Way operates from an offshore location without tier-one regulation, while IC Markets is regulated by ASIC and CySEC.
  • IC Markets requires a minimum deposit of $200, whereas Hugo’s Way requires only $10.