FP Markets Vs. HF Markets (HFM) - Compare Trustworthiness, Capabilities, Fees and Legitimacy

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

HF Markets (HFM) is a global broker founded in 2010 under the brand name HotForex that specialises in CFDs trading on currencies, commodities, indices, stocks, ETFs, bonds and futures. Recently they added to their portfolio commission-free real stocks and ETFs.

• Professional traders looking for DMA pricing on their stocks
• Professional traders looking to set up a dedicated VPS
• High volume share traders that benefit from DMA pricing

• Low volume traders looking for a low minimum deposit, low trade size and competitive spreads
• High volume traders looking for a competitive commission-driven environment through their zero spread account
• Traders looking to copy or provide knowledge via their HFCopy account

• ASIC (Australia)
• CySec (Cyprus)
• FSA (St. Vincent and the Grenadines)

• CySec (Cyprus)
• FCA (UK)
• DFSA (United Arab Emirates)
• FSCA (South Africa)
• FSA (Seychelles)
• FSA (St. Vincent and the Grenadines)
• CMA (Kenya)

• Competitive spreads From 0 pips
• MT4 and MT5 offered
• Over 10,000 + shares

• Well-structured account offering with options for all types of traders
• Competitive commissions on their Zero Spread and PAMM accounts
• Copy trading via MT4 / 5 offered through their HF Copy account

• No ETFs are offered
• Stock trading commissions are expensive when compared to similar brokers
• Website is slow and confusing
• Fees for the majority of deposit and withdrawal methods

• Platform offering is limited to MetaTrader 4 and 5
• Asset offering in CFDs is below industry standards with 1,200 CFDs
• Their proprietary mobile app does not offer trading capabilities

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• FasaPay
• PayTrust
• China Union Pay
• Bpay
• Broker to broker
• Sticpay
• Plusdebit
• Rupee Payments
• Dragonpay
• Perfect Money
• Paylivre
• Rapyd
• Finrax
• Fairpay

• Visa
• Mastercard
• Neteller
• Skrill
• Sofort
• FasaPay
• WebMoney
• BitPay
• PayRetailers
• PayRedeem
• Bank Transfer

US, JP, BE, NZ, SY.

US, CA, SY, IR.

Yes, $5 monthly after 6 months of inactivity.

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

• No commission on their Standard Account
• $3 per side (lot) commission on their RAW Account

Yes depending on account type:

• Micro accounts have no commissions.
• Premium accounts have no commissions
• Zero Spread accounts have a minimum commission that varies between $3 to $4 per lot traded
• PAMM (Premium) accounts have no commission
• PAMM (Premium Plus) accounts have a commission of $8 per lot round turn
• HFCopy accounts have no commissions