FXCM
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77% of retail CFD accounts lose money.

Vs.

HF Markets (HFM)
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71.24% of retail CFD accounts lose money.

FXCM Vs. HF Markets (HFM) - Compare and Choose the Right One

Updated Sep 14 2022

Visit

77% of retail CFD accounts lose money.

Visit

71.24% of retail CFD accounts lose money.

Overview

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

TheTradingBible.com is acting in a capacity of a marketing affiliate of FXCM EU LTD.

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.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

5

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • FCA (UK)
  • DFSA (United Arab Emirates)
  • FSCA (South Africa)
  • FSA (Seychelles)
  • FSA (St. Vincent and the Grenadines)
  • CMA (Kenya)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • 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
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • 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
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • 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.

📍 Year Founded
1999 (FXCM Group) 2010
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) From $5 to $250 (depending on location or account)
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Sofort
  • FasaPay
  • WebMoney
  • BitPay
  • PayRetailers
  • PayRedeem
  • Bank Transfer
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 6 - USD, EUR, NGN, JPY, ZAR, THB.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
RU, US, CA, JP, SK and more. US, CA, SY, IR.
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

  • CFDs on currencies, commodities, indices, ETFs, stocks and bonds.
  • Real stocks and ETFs.
📙 Stocks
200+ 2,113 Real Stocks / 54 CFDs
📘 Currency Pairs
41 53
📗 Commodities
11 13
📕 Indices
16 11
📔 ETFs
N/A 34
💸 Cryptocurrencies
17 (Not for UK Clients) N/A
📒 Bonds
N/A 3
📓 Options
N/A N/A
📗 Futures
N/A 14
📝 Notes:
All of FXCM's assets are CFDs.

HF Markets provides both CFDs and real equities.

Trading Experience
📈 Minimum Stock Trade Size
1 share $5 (Fractional Share Trading
📉 Minimum ETFs Trade Size
N/A $5 (Fractional ETF Trading)
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency N/A
📉 Minimum FX Trade Size
$1000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Futures Trade Size
N/A $1,000 (0.01 Lots)
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:1000 (Non EU)
💪 Professional Leverage
Up to 1:500 (Varies) Up to 1:500 (EU Only)
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

50 units of the account's base currency yearly after 1 year of inactivity.

Yes, $5 monthly after 6 months of inactivity.
💰 Deposit Fees
No No
💰 Withdrawal Fees

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

No
💰 Commissions
No

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
Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) Dynamic - From 0 Pips to 1.3 Pips
📉 SP500
Dynamic - From 58 Pips (As per our research) Dynamic - From 41 Pips
📈 GOLD
Dynamic - From 41 Pips (As per our research) Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - From $0.33
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $51 (As per our research) N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No