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

Vs.

SquaredFinancial
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69.9% of retail CFD accounts lose money.

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

Updated Oct 20 2022

Visit

71.24% of retail CFD accounts lose money.

Visit

69.9% 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.

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.

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 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
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)
  • FSAS (Seychelles)
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
  • 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
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
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
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 2005
💳 Minimum Deposit Range
From $5 to $250 250 € (SquaredPro Account), 5,000 € SquaredElite Account
💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Sofort
  • FasaPay
  • WebMoney
  • BitPay
  • PayRetailers
  • PayRedeem
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
💵 Account Base Currencies
6 - USD, EUR, NGN, JPY, ZAR, THB. 5 - EUR, USD, GBP, CHF, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

US, CA, IR, SY.

📊 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 17,101
Exchange Access
0 0
📙 Real Stocks
2,113 8,000
📙 Stock CFDs
54 8,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
53 40
📗 Commodities
0 0
📗 Commodities CFDs
13 5
📕 Indices
0 0
📕 Indices CFDs
11 15
📔 ETFs
0 0
📔 ETFs CFDs
34 1,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
0 25
📒 Bonds
0 0
📒 Bonds CFDs
3 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
14 16
Trading Experience
📈 Minimum Stock Trade Size
$5 - Fractions Allowed 1 Share
📉 Minimum ETFs Trade Size
$5 - Fractions Allowed 1 ETF
📈 Minimum Crypto Trade Size
Unavailable Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) Varies per Commodity (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
$1,000 (0.01 Lots) Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 Lots) Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
1000 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
No 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.

None
💰 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, 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 €)
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 41 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 25 Pips Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.33 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Unavailable Dynamic - From $250
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 Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
Yes No