FBSvs
HFMForex Broker Comparison
In this showdown, FBS and HFM trade off on fees, platform access, and regulation. The choice hinges on licensing and instrument breadth.
Our Verdict
HFM winsby 0.2 pts
FBS and HFM are closely matched overall, but HFM holds top-tier regulation, giving it a regulatory edge.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Advanced charting available on HFM only.
- 2HFM has top-tier regulation.
- 3Investor compensation scheme available on HFM.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
Recommended
FBS vs HFM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 4.1 / 5▲ |
FBS vs HFM Forex Broker Pros & Cons
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
FBS vs HFM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FBS
criteria wins
3
HFM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FBS | HFM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | 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 |
FBS vs HFM: Frequently Asked Questions
The scores are close: FBS rates 3.9/5 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 FBS 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 FBS requires at least $1. This makes HFM more accessible for traders with limited starting capital.
HFM holds top-tier regulation (FCA, FSCA, DFSA), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
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.
FBS lists maximum leverage of 3000:1, 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.
HFM charges $6 per lot, lower than FBS's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
FBS supports MetaTrader 5, MetaTrader 4, while HFM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4.
