HF Markets (HFM) Vs. SquaredFinancial - 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.

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

• 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 high volume traders looking to exploit their competitive commissions in shares
• High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips

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

• CySec (Cyprus)
• FSAS (Seychelles)

• 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

• Extensive asset offering (more than 10,000+ products)
• Real stocks are offered along with CFDs
• Very competitive share trading commissions when compared to similar brokers

• 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

• Platform offering is limited to only MT4 and MT5
• High minimum deposit for SquaredElite account (5,000 €)

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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
• Bank Transfer
• Neteller
• Skrill
• Instatransfer

US, CA, SY, IR.

US, CA, IR, SY.

Yes, $5 monthly after 6 months 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

Yes, depending on account type or assets. For account types:

• SquaredPro account has no default commissions
• SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:

• USA shares have a $0.06 per share commission (with a minimum of $2)
• European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)