FXOpenvs
HFMForex Broker Comparison
FXOpen and HFM face off on regulation, pricing, and platforms. The tension centers on service options and instrument counts.
Our Verdict
FXOpen winsby 0.1 pts
FXOpen and HFM are closely matched overall, with similar regulation, pricing, and platforms. The clearest differentiator is phone support availability, with HFM offering it and FXOpen not.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1HFM offers phone support; FXOpen does not.
- 2HFM provides 1000 instruments versus FXOpen's 700.
- 3$0 minimum deposit at HFM versus $100 at FXOpen.
Who should choose FXOpen vs HFM?
Find out which broker best suits your trader profile.
Choose FXOpen if…
Choose FXOpen if you value triple regulation and a low-commission ECN model. You benefit from FCA, CySEC, and ASIC oversight and a $3 per lot ECN fee.
Choose HFM if…
Choose HFM if you value phone support and no-minimum deposits. You also gain HFcopy copy trading and high leverage up to 2000:1 on offshore entity.
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
FXOpen vs HFM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.1 / 5 |
FXOpen vs HFM Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs HFM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXOpen
criteria wins
1
HFM
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs HFM: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and HFM rates 4.1/5. FXOpen 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 FXOpen 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 FXOpen requires at least $100. This makes HFM more accessible for traders with limited starting capital.
Both FXOpen 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.
FXOpen 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.
FXOpen charges $3 per lot, lower than HFM's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while HFM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FXOpen has exclusive access to cTrader.
