FXCMvs
HFMCrypto Exchange Comparison
FXCM and HFM face off in the crypto CFD space. The tension centers on asset breadth and pricing transparency.
Our Verdict
HFM winsby 0.1 pts
FXCM and HFM are closely matched overall; the clearest differentiator is coin selection, with HFM offering far more coins.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXCM offers 24/5 live chat, but HFM does not.
- 2FXCM lists 4 crypto coins, while HFM lists 50.
- 3FXCM provides transparent pricing; HFM lacks transparency.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
It’s a tie
Both equally suited
HFM is regulated by FCA, CySEC, FSCA, and DFSA, offering broader oversight.
Best for low fees
Recommended
HFM has a slightly better fees and spreads profile.
FXCM vs HFM: Side-by-Side Crypto Exchange Comparison
| Criteria |  FXCM |  HFM |
|---|---|---|
| Editorial score | 3.8/ 5 | 3.9/ 5 |
| Min Deposit | $50 | No minimum▼ lower |
| Spreads From | 0.4 pips | 0 pips▼ lower |
| Taker Fee | N/A | 6.00% |
FXCM vs HFM Crypto Exchange Pros & Cons
Pros
- FCA and ASIC regulated, high regulatory standard with FSCS protection
- Trading Station with professional quantitative analysis tools (FXCM Apps)
- Long track record since 1999 in institutional-grade retail trading
Cons
- Banned from US market (CFTC action 2017), not available to US clients
- Crypto selection is limited to major pairs
FXCM vs HFM: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
2
FXCM
criteria wins
1
HFM
criteria win
Highlighted rows show where the two exchanges differ
| Criteria | FXCM | HFM |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Fail |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
FXCM vs HFM: Frequently Asked Questions
The scores are close: FXCM rates 3.8/5 and HFM rates 3.9/5. HFM has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
HFM lists a lower spread from 0, compared with FXCM's 0.4. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
HFM has no minimum deposit, while FXCM requires at least $50. This makes HFM more accessible for traders looking to start with a smaller crypto investment.
Both FXCM and HFM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each exchange's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: HFM has no minimum deposit, removing the capital barrier entirely, and both exchanges provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXCM offers up to 2:1 on perpetual or margin products, versus HFM's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
HFM charges $6 per trade on commission-based accounts. Commission details for FXCM are not currently available. Check their website for up-to-date pricing. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while HFM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and NinjaTrader. HFM has exclusive access to MetaTrader 5.
HFM scores better on fee criteria (no deposit fee, no inactivity fee). Always check both exchanges' current fee schedules, as maker/taker rates and withdrawal fees vary and are subject to change.
