HFM vs easyMarkets 2023

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by two Tier-1 regulators (Highly Trusted), Three tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). HotForex is authorised by the following Tier-1 regulator: Financial Conduct Authority (FCA) and the European Union via MiFID.

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). easyMarkets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the European Union via MiFID.

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

To open a forex trading account with HFM, you'll need to make an initial minimum deposit of $0.

HFM requires a minimum deposit of $50 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. HFM offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas easyMarkets provides Visa/Mastercard (Credit/Debit), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that HFM offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both HFM and easyMarkets hold 2 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while easyMarkets holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that HFM (86) earned a higher Trust Score than easyMarkets (80).

To compare the trading platforms of both HFM and easyMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, easyMarkets offers a better experience. With research, HFM offers superior market research. Finally, we found easyMarkets to provide better mobile trading apps.

Here’s what trading platforms are available at HFM:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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Here’s what trading platforms are available at easyMarkets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both HFM and easyMarkets offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. HFM and easyMarkets both offer copy trading.

easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. If you are interested in trading CFDs, HFM offers traders access to 3500 CFDs, while easyMarkets offers access to 199 CFDs; so HFM offers 3301 more CFDs than easyMarkets.

We found in our testing that HFM offers a more diverse selection of investment options than easyMarkets, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.