HFMvs
OANDAForex Broker Comparison
Two brokers are measured on trust, costs, platforms, and support. The axis of tension centers on regulation breadth, platform options, and pricing clarity.
Our Verdict
OANDA winsby 0.5 pts
OANDA edges HFM on editorial score, with a higher overall rating (4.6 vs 4.1) and broader regulatory coverage.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Max leverage: HFM 2000:1 vs OANDA 50:1
- 2Instruments offered: HFM 1000 vs OANDA 70
- 3Proprietary platform: available with OANDA, not with HFM
Who should choose HFM vs OANDA?
Find out which broker best suits your trader profile.
Choose HFM if…
Choose HFM if you want high leverage up to 2000:1 and access to raw spreads.
Choose OANDA if…
Choose HFM if you value HFcopy copy trading and MT4/MT5. Choose OANDA if you want a broad regulator footprint and MT4, MT5, plus a proprietary platform. Choose OANDA if you need US availability and strong research resources.
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
Recommended
HFM offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
HFM vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.8 / 5▲ |
HFM vs OANDA Forex Broker Pros & Cons
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
HFM vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
HFM
criteria wins
1
OANDA
criteria win
Highlighted rows show where the two brokers differ
| Criteria | HFM | OANDA |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| 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 |
HFM vs OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 4.1/5 for HFM. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
HFM starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither HFM nor OANDA requires a minimum deposit, making both accessible regardless of starting capital.
Both HFM and OANDA 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
HFM lists maximum leverage of 2000:1, while OANDA lists up to 50:1. 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 on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
HFM supports MetaTrader 5, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. OANDA has exclusive access to Proprietary Web/Mobile and TradingView.
