HDFC Securities
IC Markets
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Overview
HDFC Securities was founded in 2000 and is headquartered in India, while IC Markets was established in 2007 and is based in Australia. HDFC Securities holds licences including Securities and Exchange Board of India (SEBI), while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. HDFC Securities serves 2,000,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $0 at HDFC Securities and $200 at IC Markets.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2000 | 2007 |
| Country | India | Australia |
| Clients | 2,000,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between HDFC Securities and IC Markets, directly affecting your bottom line as a trader. HDFC Securities has a lower barrier to entry with a minimum deposit of $0 (vs $200 at IC Markets). HDFC Securities charges withdrawal fees while IC Markets does not, a notable advantage for frequent withdrawers. HDFC Securities charges deposit fees; IC Markets does not. Overall, HDFC Securities scores higher on fees in our assessment.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
HDFC Securities offers MT4, MT5, cTrader, while IC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how HDFC Securities and IC Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. HDFC Securities accepts 1 of the tracked payment methods (bank transfer), while IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). IC Markets uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both HDFC Securities and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. HDFC Securities supports 13 languages and IC Markets supports 8, giving HDFC Securities broader global reach. Both brokers are comparable on support quality.
| Feature | HDFC Securities | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |