GMG Markets vs HF Markets Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - GMG Markets or HF Markets?
Our pick: HF Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - HF Markets looks preferable to GMG Markets.
HF Markets scored 4.3/5 and ranks 22 in our all Forex brokers list, whereas GMG Markets has 4/5 and ranks 49.
This is not financial advice. See the full comparison below.
Who is GMG Markets suitable for?
GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.
Who is HF Markets suitable for?
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.
Comparison Table of GMG Markets and HF Markets
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Rating | 4/5 | 4.3/5 |
| Foundation Year | 2015 | 2009 |
| Regulated in Countries | United Kingdom | 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 | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | GMG Markets Review | HF Markets Review |
GMG Markets Review
GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.
This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:200 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
Pros and Cons of GMG Markets
Pros
- Robust regulation — FCA license, segregated accounts, FSCS protection.
- Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
- MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
- VPS hosting — complimentary with required monthly turnover.
- 24/5 tech support — chat, phone, and e-mail typically respond within minutes.
Cons
- Limited instrument selection — only Forex, a few indices, and commodities.
- Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
GMG Markets 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 | GMG Markets | HF Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2015 | 2009 |
| Regulated in Countries | United Kingdom | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
| Regulators | FCA FCA | SVGFSA SVGFSA FSCA FSCA SFSA SFSA - CySEC CySEC FCA FCA DFSA DFSA CMA CMA |
GMG Markets
Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.
Pros
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
Cons
- Single jurisdiction (FCA), no additional licenses
HF Markets
HF Markets is highly regulated and provides dependable services, safeguarding its clients' interests.
Account Opening
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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GMG Markets
GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day.
Pros
- Online registration in 5–7 minutes
- Document verification within 1 day
Cons
- Detailed KYC form
HF Markets
The account opening process at HF Markets is simple and quick, with a user-friendly interface and standard verification.
Account Types
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Account Types | 3.8/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
GMG Markets
Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.
Pros
- Commission-free Standard, and zero-spread Raw account
- Islamic account and spread-betting options for niche segments
- Complimentary VPS with required turnover
Cons
- No cent/fixed-spread account
- Lack of copy trading, PAMM, contests
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 | GMG Markets | HF Markets |
|---|---|---|
| Commissions | 4/5 | 2/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.5 |
| Commission per Lot | $3.5 | $3 |
GMG Markets
GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.
Pros
- No inactivity fees
- Free deposits and withdrawals
Cons
- Swaps are above average
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 | GMG Markets | HF Markets |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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GMG Markets
Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.
Pros
- Commission-free transactions
- Instant card funding
Cons
- No e-wallets
- No cryptocurrencies
HF Markets
HF Markets provides many deposit and withdrawal methods, making the broker convenient for many traders.
Markets and Products
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Markets and Products | 2.5/5 | 4.5/5 |
| Forex | 64 | 53 |
| Precious Metals | 13 | 6 |
| Energy Carriers | 3 | 2 |
| Indices | 17 | 11 |
| Soft Commodities | - | 5 |
| Stocks | - | 95 |
| ETF | - | 33 |
| Bonds | - | 3 |
| Cryptocurrency | - | 40 |
GMG Markets
The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.
Pros
- 64 currency pairs
- Major indices and metals
Cons
- No CFDs on stocks
- No cryptocurrencies
- Limited commodity selection
HF Markets
HF Markets offers a wide selection of trading assets, though it has a limited choice of stocks.
Trading Platforms
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Trading Platforms |
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GMG Markets
The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.
Pros
- Fully featured MT5
- Desktop, web, and mobile applications
Cons
- No MT4, cTrader, TradingView
- Essentially a single platform option
HF Markets
HF Markets offers a wide choice of reliable and functional platforms, making it attractive to traders of various levels.
Analytics
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Rating | 3/5 | 5/5 |
GMG Markets
Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.
Pros
- Complimentary Autochartist
- Market news
Cons
- No proprietary research
- Weak fundamental analysis
HF Markets
HF Markets offers an impressive set of analytical tools and up-to-date news from experts, facilitating effective trading.
Education
| Broker | GMG Markets | HF Markets |
|---|---|---|
| Rating | 4/5 | 5/5 |
GMG Markets
The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.
Pros
- Regular free webinars
- Novice-oriented article base
- Recordings available 24/7
Cons
- No advanced courses
- No podcasts or multilingual programs
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 | GMG Markets | HF Markets |
|---|---|---|
| Rating | 4.5/5 | 4.2/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
LinkedIn
Twitter
Telegram
Instagram
YouTubeGMG Markets
The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.
Pros
- Online chat and phone support 24/5
- Rapid response
- Competent representatives
Cons
- No weekend support
- Delays during peak demand
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).
Comparisons of GMG Markets and HF Markets with other brokers
Conclusion
HF Markets stands out as the better overall pick, while GMG Markets trails on aggregate criteria.
HF Markets scored 4.3/5 and ranks 22 in our rating; GMG Markets has 4/5 and ranks 49.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: GMG Markets or HF Markets?
HF Markets comes out ahead by overall rank (score 4.3/5, position 22) versus GMG Markets (score 4/5, position 49).
Which broker is better for beginners: GMG Markets or HF Markets?
HF Markets is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — GMG Markets or HF Markets?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with GMG Markets and HF Markets?
GMG Markets: MetaTrader 5. HF Markets: MetaTrader 4, MetaTrader 5, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with GMG Markets and HF Markets?
GMG Markets: Forex, Precious Metals, Energy Carriers, Indices. HF Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by GMG Markets and HF Markets?
GMG Markets: Standard, RAW Spread. HF Markets: Cent, Premium, Zero, Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by GMG Markets and HF Markets?
GMG Markets: Bank Transfer, Visa, Mastercard. HF Markets: Skrill, Perfect Money, FasaPay, BitPay, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — GMG Markets or HF Markets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
