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


Visit 71.24% of retail CFD accounts lose money.	Visit 69% 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.	Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.
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	Professional investors looking to trade a variety of markets High net worth traders or investors
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 7 Other Licenses 0 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)	ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)
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	Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView
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 deposit for certain countries Withdrawals via bank transfer only High fees on options and futures
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	4 days
📋 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	1992
💳 Minimum Deposit Range
0	From $500 up to $2,000
💰 Payment Methods
Visa Mastercard Neteller Skrill Sofort FasaPay WebMoney BitPay PayRetailers PayRedeem Bank Transfer	Visa Mastercard Bank Transfer
💵 Account Base Currencies
6 - USD, EUR, NGN, JPY, ZAR, THB.	26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, BR, ES, IN, KE, MX, NG, PK, ZA.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	Hybrid
Total Asset Offering
2,295	49,339
Exchange Access
0	0
📙 Real Stocks
2,113	30,000
📙 Stock CFDs
54	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
53	182
📗 Commodities
0	0
📗 Commodities CFDs
13	19
📕 Indices
0	0
📕 Indices CFDs
11	29
📔 ETFs
0	5,400
📔 ETFs CFDs
34	5,400
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	9
📒 Bonds
0	5,000
📒 Bonds CFDs
3	0
📓 Options
0	3,000
📓 Options CFDs
0	0
📗 Futures
0	300
📗 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	Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 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	66
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $5 monthly after 6 months of inactivity.	Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.
💰 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	$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips	Dynamic - From 0.4 to 0.8 Pips
📉 SP500
Dynamic - From 41 Pips	Unavailable
📈 GOLD
Dynamic - From 25 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $0.33	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
Yes	No