HFM vs TPFx Forex Broker Comparison
A head-to-head comparison of HFM and TPFx across regulation, trading costs, platforms, and editorial scoring.
No minimum deposit required, high leverage on offshore entity, and copy trading via HFcopy - with FCA, CySEC, and FSCA regulation.
VS
A fully BAPPEBTI-licensed and OJK-registered Indonesian broker, offering domestic traders compliant access to forex and commodity futures markets.
Our Verdict
HFM winsby 0.4 pts
HFM edges ahead with a score of 4.1/5 vs TPFx's 3.7/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 pips vs 1.5 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
HFM has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
TPFx offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
HFM edges out TPFx with a higher editorial score (4.1/5 vs 3.7/5), indicating a stronger overall experience for new traders.
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 |
Fees & Spreads 30% weight | 4.1 / 5▲ | 3.7 / 5 |
Platforms & Tools 20% weight | 4.0 / 5▲ | 3.7 / 5 |
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
| Founded | 2010 | 2010 |
| Headquarters | Limassol, Cyprus | Jakarta, Indonesia |
| Min deposit | No minimum | $60 |
| Spreads from | 0 pips | 1.5 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 2000:1 | 100:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC DFSA | BAPPEBTI OJK |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit HFM | Visit TPFx |
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
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
2000:1 leverage is extremely risky for inexperienced traders
No cTrader support
Zero account commission of $6/lot is above some ECN peers
No proprietary platform
Cons
Only available to Indonesian residents - no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
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
Based on our independent editorial scoring, HFM ranks higher with a score of 4.1/5 vs 3.7/5 for TPFx. The best choice still depends on your individual trading needs; HFM and TPFx may each suit different trader profiles.
HFM offers tighter spreads starting from 0 pips, compared to TPFx's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
HFM has a lower minimum deposit of no minimum required, while TPFx requires at least $60. This makes HFM more accessible for traders with limited starting capital.
HFM holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: HFM has a lower minimum deposit (no minimum), lowering the barrier to entry; HFM offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
HFM offers maximum leverage of 2000:1, while TPFx offers up to 100:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
HFM charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
HFM supports MetaTrader 4, MetaTrader 5 and TPFx offers MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 5; HFM exclusively offers MetaTrader 4; TPFx exclusively offers Proprietary Web/Mobile.
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Score 3.7 / 5
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