HFMvs
TPFxForex Broker Comparison
Two brokers stand at opposite ends of the forex spectrum. The tension centers on regulation, pricing, and platforms.
Our Verdict
HFM winsby 0.4 pts
HFM outperforms TPFx overall, with HFM benefiting from top-tier regulation, broader instrument coverage, and stronger protections.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Regulatory tier: HFM regulated by FCA/CySEC/DFSA/FSCA; TPFx regulated by BAPPEBTI/OJK.
- 2Instrument universe: about 1000 vs about 50.
- 3Proprietary platform: TPFx provides proprietary platform; HFM uses MT4/MT5 only.
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 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
HFM vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5▲ | 3.7 / 5 |
HFM vs TPFx 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 TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
HFM
criteria wins
1
TPFx
criteria win
Highlighted rows show where the two brokers differ
| Criteria | HFM | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
HFM vs TPFx: Frequently Asked Questions
The scores are close: HFM rates 4.1/5 and TPFx rates 3.7/5. 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.
HFM starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
HFM has no minimum deposit, while TPFx requires at least $60. This makes HFM more accessible for traders with limited starting capital.
HFM holds top-tier regulation (FCA, FSCA, DFSA), providing stronger investor protections. TPFx 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.
HFM stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
HFM lists maximum leverage of 2000:1, while TPFx lists up to 100:1. 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 TPFx are not currently available. Check their website for up-to-date pricing.
HFM supports MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. HFM has exclusive access to MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
