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HFM vs Eightcap 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is HFM better than Eightcap? In our analysis of 23 international regulators across 39 of the best forex brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.

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Overall RatingHFMEightcapIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score858799
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ReviewHFM ReviewEightcap ReviewIG Review
RegulationHFMEightcapIG
Trust Score858799
Year Founded201020091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses127
Tier-2 Licenses312
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)HFMEightcapIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)HFMEightcapIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)HFMEightcapIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)YesNoNo
VFSC Authorised (Vanuatu)NoYesNo
InvestmentsHFMEightcapIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)350032619537
Forex Pairs (Total)4745100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostHFMEightcapIG
Average Spread EUR/USD - Standard1.2 (August 2021)1.0 (Aug 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.9 (August 2021)0.760.5957 (September 2022)
Active Trader or VIP DiscountsNoNoYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingHFMEightcapIG
Minimum Initial Deposit$5$100£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsHFMEightcapIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsHFMEightcapIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)153033
Charting - Drawing Tools (Total)301520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingHFMEightcapIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesYesYes
ResearchHFMEightcapIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesNoYes
EducationHFMEightcapIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsHFMEightcapIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewHFM ReviewEightcap ReviewIG Review
OverallHFMEightcapIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score858799
Winnercheck_circle
ReviewHFM ReviewEightcap ReviewIG Review
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HFM vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HFM vs Eightcap.

Does HFM or Eightcap offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is HFM or Eightcap safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while HFM holds 1. HFM holds 3 global Tier-2 licenses, while Eightcap holds 1. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than HFM.

Which trading platform is better: HFM or Eightcap?

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

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HFM and Eightcap offer MetaTrader 4 (MT4).HFM and Eightcap both offer copy trading.

How many forex pairs and CFDs are available to trade?

HFM provides traders 47 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, HFM offers traders access to 3500 CFDs while Eightcap has 326 available CFDs, a difference of 3174.

Can I trust HFM?

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Is HFM good?

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average, and its HF mobile app does not yet support trading.

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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