FXCM vs HF Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FXCM and HF Markets
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 4.3/5 | 4.3/5 |
| Foundation Year | 1999 | 2009 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXCM Review | HF Markets Review |
FXCM is suitable for traders of all levels. Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms.
HF Markets is suitable for traders of any level looking for a reliable broker with good trading conditions and support for MetaTrader 4 and 5.
FXCM Review
FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.
The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.
Pros and Cons of FXCM
Pros
- Diverse methods for deposit and withdrawal.
- Wide range of markets and products for trading.
- A broad spectrum of trading platforms.
- Extensive and quality materials for making informed decisions.
- Quick and efficient help in solving emerging issues.
Cons
- Insufficient variety of trading accounts.
- Inactivity fees and commissions for bank transfer withdrawals.
- Protracted account opening and verification process.
FXCM is in the top 10 of the following ratings:
HF Markets Review
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
HF Markets is in the top 10 of the following ratings:
Reliability
| Broker | FXCM | HF Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1999 | 2009 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
| Regulators | FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA CIRO CIRO ISA ISA SVGFSA SVGFSA | SVGFSA SVGFSA FSCA FSCA SFSA SFSA - CySEC CySEC FCA FCA DFSA DFSA CMA CMA |
FXCM
FXCM is a well-regulated broker with numerous licenses from various global organizations.
HF Markets
HF Markets is highly regulated and provides dependable services, safeguarding its clients' interests.
Account Opening
| Broker | FXCM | HF Markets |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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FXCM
The account opening process at FXCM is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward.
Pros
- Clear and structured registration form.
Cons
- Verification waiting time can take up to 3 days.
HF Markets
The account opening process at HF Markets is simple and quick, with a user-friendly interface and standard verification.
Account Types
| Broker | FXCM | HF Markets |
|---|---|---|
| Account Types | 4/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXCM
FXCM offers two types of accounts: Mini for beginners and Standard for experienced traders. Although the choice is not vast, both accounts are well adapted for their target audiences.
Pros
- Mini account available - akin to a cent account.
- Option for copy trading through ZuluTrade.
- Demo and Islamic accounts available.
Cons
- Limited selection of account types.
- No account with fixed spreads.
HF Markets
The broker offers a range of accounts to satisfy the needs of diverse traders.
Pros
- A wide selection of account types to suit different requirements.
- Specialized accounts, such as Cent and Islamic accounts.
- The opportunity to copy trades from successful traders.
Commissions
| Broker | FXCM | HF Markets |
|---|---|---|
| Commissions | 3.2/5 | 2/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.5 |
| Commission per Lot | $3 |
FXCM
Commissions at FXCM are average. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal.
Pros
- Competitive spreads and swaps.
- Rebate program for active traders.
Cons
- Inactivity fee.
- Fee for withdrawals via bank transfer.
HF Markets
HF Markets' commissions are above average for the market.
Pros
- No fees for deposits/withdrawals.
Cons
- Spreads are above average
- High swaps for long-term trading.
- Inactivity fee.
Deposit and Withdrawal
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Account Funding Methods |
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FXCM
FXCM offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies.
Pros
- Variety of deposit methods.
- Fast processing of withdrawal requests.
- No broker commissions for depositing.
Cons
- Commission for withdrawals via bank transfer.
HF Markets
HF Markets provides many deposit and withdrawal methods, making the broker convenient for many traders.
Markets and Products
| Broker | FXCM | HF Markets |
|---|---|---|
| Markets and Products | 4.5/5 | 4.5/5 |
| Forex | 41 | 53 |
| Precious Metals | 3 | 6 |
| Energy Carriers | 7 | 2 |
| Soft Commodities | 4 | 5 |
| Indices | 15 | 11 |
| Stocks | 3512 | 95 |
| ETF | 280 | 33 |
| Cryptocurrency | 23 | 40 |
| Bonds | - | 3 |
FXCM
FXCM provides a wide range of trading instruments, making it attractive for various categories of traders. Different markets, from Forex to stocks and cryptocurrencies, are available.
Pros
- Good selection of markets and instruments.
Cons
- Some competitors have even more CFDs.
HF Markets
HF Markets offers a wide selection of trading assets, though it has a limited choice of stocks.
Trading Platforms
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
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FXCM
FXCM offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
Pros
- Wide choice of platforms for different trading styles.
- Advanced analytical tools in Trading Station.
- Support for algorithmic and social trading through Capitalise AI and ZuluTrade.
HF Markets
HF Markets offers a wide choice of reliable and functional platforms, making it attractive to traders of various levels.
Analytics
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
FXCM
FXCM offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.
Pros
- Wide range of analytical tools.
- Professional signals and market analysis.
- Personalized trading applications.
Cons
- Some tools may require a subscription or active account.
- Lack of analytics localization in different languages.
HF Markets
HF Markets offers an impressive set of analytical tools and up-to-date news from experts, facilitating effective trading.
Education
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXCM
The broker offers quality webinars and helpful guides that make the learning process informative and interactive.
Pros
- Webinars with experts for direct interaction.
- Detailed Forex guides.
- Materials suitable for traders of all levels.
Cons
- Lack of video courses.
- No podcasts for audio learning.
HF Markets
HF Markets' educational materials are extensive and in-depth, allowing traders of all levels to improve their skills and strategies.
Customer Support
| Broker | FXCM | HF Markets |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
YouTube
Twitter
Facebook
Telegram
Instagram
LinkedInFXCM
FXCM's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff.
Pros
- Multiple channels of communication, including WhatsApp and live chat.
- Available 24/5.
- High degree of customer satisfaction.
Cons
- There may be telephone charges for international calls.
HF Markets
HF Markets' customer support is efficient, available through various channels, and responds quickly.
Pros
- Variety of communication channels (email, phone, online chat).
- Quick and professional response.
- Positive user feedback.
Cons
- Absence of instant messaging for quick communication.
- Lack of national phone lines.
- Support is limited to working days (24/5).
