FP Marketsvs
HFMForex Broker Comparison
In this comparison, FP Markets and HFM square off on regulation, costs, and platform access. The axis narrows to instrument variety and platform breadth as they vie for active-trader relevance.
Our Verdict
FP Markets winsby 0.4 pts
FP Markets edges HFM on overall score (4.5 vs 4.1), supported by regulation, broader instrument coverage, and more platforms.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Instrument variety is vastly higher at FP Markets (10,000) than HFM (1,000).
- 2FP Markets offers cTrader and TradingView alongside MT4/MT5; HFM does not.
- 3HFM carries FCA/FSCA/DFSA regulation; FP Markets carries ASIC/CySEC.
Who should choose FP Markets vs HFM?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want IRESS for share CFDs and broad instrument coverage. You also get MT4/MT5 and cTrader.
Choose HFM if…
Choose HFM if you want no minimum deposit and HFcopy copy trading. You also get MT4/MT5 with high leverage on offshore accounts.
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
It’s a tie
Both equally suited
FP Markets vs HFM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.1 / 5 |
FP Markets vs HFM Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs HFM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs HFM: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and HFM rates 4.1/5. FP Markets 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 FP Markets 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 FP Markets requires at least $100. This makes HFM more accessible for traders with limited starting capital.
Both FP Markets 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.
FP Markets lists maximum leverage of 500:1, 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.
Both FP Markets and HFM charge the same commission of $6 per lot on applicable accounts.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while HFM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS and TradingView.
