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

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.

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

• 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

• Traders of all levels (beginner to advanced) looking for competitive pricing
• Trades of all levels looking for a great platform variety
• High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades

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

• FINRA (United States)
• FCA (UK)
• FFAJ (Japan)
• IIROC (Canada)
• CySec (Cyprus)
• CIMA (Cayman Islands)

• 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

• Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
• Excellent asset offering (more than 5,000+ instruments)
• Competitive spreads in some of their assets

• 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

• Despite presenting a great customisable platform, it still feels messy and not intuitive to use
• Commissions are expensive when compared to similar competitors 

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

• Visa
• Mastercard
• Skrill
• Neteller
• Bank Transfer

US, CA, SY, IR.

Yes, $5 monthly after 6 months of inactivity.

$15 monthly after 1 year of inactivity.

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

Depending on account type.

• Standard account has no commissions
• “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn