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


Visit 71.24% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
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.	Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.
Best For
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 looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 5 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FCA (UK) DFSA (United Arab Emirates) FSCA (South Africa) FSA (Seychelles) FSA (St. Vincent and the Grenadines) CMA (Kenya)	CySec (Cyprus) VFSC (Vanuatu)
The Good
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	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
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	High minimum deposits (From $500 to $25,000) for their various account types Extremely high spreads when compared to similar brokers Low asset offering with poor categorisation Subpar regulatory framework Only MT5 platform is offered
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
2010	2017
💳 Minimum Deposit Range
0	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Neteller Skrill Sofort FasaPay WebMoney BitPay PayRetailers PayRedeem Bank Transfer	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
6 - USD, EUR, NGN, JPY, ZAR, THB.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
2,295	292
Exchange Access
0	0
📙 Real Stocks
2,113	0
📙 Stock CFDs
54	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
53	40
📗 Commodities
0	0
📗 Commodities CFDs
13	24
📕 Indices
0	0
📕 Indices CFDs
11	18
📔 ETFs
0	0
📔 ETFs CFDs
34	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	10
📒 Bonds
0	0
📒 Bonds CFDs
3	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
14	0
Trading Experience
📈 Minimum Stock Trade Size
$5 - Fractions Allowed	Unavailable
📉 Minimum ETFs Trade Size
$5 - Fractions Allowed	Unavailable
📈 Minimum Crypto Trade Size
Unavailable	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
2000	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
Yes, $5 monthly after 6 months of inactivity.	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
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	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 41 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 25 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.33	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
Yes	No