Two regulation-backed brokers face off on cost, platform depth, and instrument breadth. The tension lies between cost-efficient entry and breadth of offerings and regulatory reach.
Find out which broker best suits your trader profile.
Choose if…
Choose Errante if you want a $50 minimum deposit and Pro ECN raw spreads at $3/lot.
Choose if…
Choose HFM if you want no minimum deposit and access to HFcopy copy trading.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 3.8/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.1 / 5▲ |
Pros
CySEC (440/23) regulation with ICF compensation up to EUR 20,000
$50 minimum deposit on standard account
Pro ECN account: 0.0 pip raw spreads at $3/lot commission
MT4 and MT5 available
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Errante | HFM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Errante rates 3.8/5 and HFM rates 4.1/5. 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.
Both Errante and HFM start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
HFM has no minimum deposit, while Errante requires at least $50. This makes HFM more accessible for traders with limited starting capital.
Both Errante and HFM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker'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 brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Errante lists maximum leverage of 30:1, while HFM lists up to 2000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Errante charges $3 per lot, lower than HFM's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
Errante supports MetaTrader 4, MetaTrader 5, while HFM supports MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4 and MetaTrader 5.
Both brokers offer spreads from 0.00 pips.
HFM wins for safety and regulation with FCA and multiple regulators beyond Errante.
HFM wins for active traders with up to 2000:1 leverage and advanced charting.
Errante is better suited for scalpers: lower commission ($3/lot).
HFM wins for instrument variety with roughly 1000 instruments.
HFM wins for platform choice with MT4/MT5, advanced charting, and HFcopy.
Fees & Spreads 30% weight | 4.2 / 5▲ | 4.1 / 5 |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 4.0 / 5▲ |
|---|
Customer Support 10% weight | 3.9 / 5 | 4.0 / 5▲ |
|---|
| Founded | 2017 | 2010 |
|---|
| Headquarters | Limassol, Cyprus | Limassol, Cyprus |
|---|
| Min Deposit | $50 | No minimum▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $3/lot▼ lower | $6/lot |
|---|
| 0.3 pips▼ lower | 0.6 pips |
| Max Leverage | 30:1▲ higher | 2,000:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNetellerFasaPay |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNetellerFasaPay |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FSA Seychelles | CySEC FCA FSCA DFSA |
|---|
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
No minimum deposit required to open an account
Copy trading via HFcopy platform
FCA, CySEC, and FSCA regulation
High leverage up to 2000:1 on offshore entity
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Small broker with limited balance sheet transparency
No cTrader, no TradingView integration
Research and educational content minimal
Non-EU clients on FSA Seychelles lighter framework
No proprietary platform
Limited charting capabilities
Cons
2000:1 leverage is extremely risky for inexperienced traders
No cTrader support
Zero account commission of $6/lot is above some ECN peers
No proprietary platform
HFM edges Errante on the editorial score (4.1 vs 3.8) driven by broader regulation and a stronger platform/tools offering.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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