Written by ForexBrokers.com
In this head to head comparison of Fineco vs HFM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fineco, founded in 1999, and HFM, established in 2010, are both prominent online brokers, yet they exhibit notable differences in their regulatory statuses. Fineco distinguishes itself as a publicly traded company and operates as a bank, offering a sense of security associated with financial institutions. It holds two Tier-1 licenses, recognized as the most trusted level by ForexBrokers.com, affirming its strong regulatory standing. Fineco earns a high Trust Score of 94 out of 99, indicating a level of reliability that makes it a preferred choice for many investors.
On the other hand, HFM, while not publicly traded and not a bank, presents a solid regulatory framework with its two Tier-1 and three Tier-2 licenses. These licenses collectively contribute to HFM's Trust Score of 86 out of 99, demonstrating its status as a trusted broker. Though HFM began operations over a decade later than Fineco, its impressive accumulation of Tier-2 licenses highlights its commitment to maintaining trusted practices and ensuring client confidence.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing commissions and fees, HFM earns 4 out of 5 stars and ranks #32 of 63 brokers in the ForexBrokers.com Commissions and Fees category, while Fineco earns 3.5 out of 5 stars and ranks #52 of 63. Both brokers disclose headline spreads, but neither provides dated, average spread data, which makes apples-to-apples cost comparisons challenging.
Fineco does not publish average spreads for forex and CFDs. It lists EUR/USD at 1.0 pip and, in another place, 0.8 pips—yet neither figure is labeled as an average or tied to a time period. That lack of clarity makes it hard to know your likely costs, though Fineco does appear to offer lower spreads on some index CFDs.
HFM says its trading costs are slightly above the industry average. The Standard account shows a “typical” EUR/USD spread of 1.2 pips without a date range, and the Zero account quotes an effective 0.7 pips after commission—also not an average. Based on these stated figures, HFM may look cheaper for forex than Fineco, but the absence of verified average spreads for both brokers means traders should compare with care.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and HFM both support forex trading as CFD or spot. HFM lists more forex pairs (102 vs 54), but Fineco offers a far larger overall range of investments, with 9,770 tradeable symbols to HFM’s 500. Fineco also lets you buy exchange-traded securities on U.S. and international exchanges (think actual shares like Apple or Vodafone), while HFM does not offer exchange-traded stocks. HFM counters with copy trading and access to cryptocurrency derivatives; neither broker lets you buy actual crypto.
For breadth of markets and direct share dealing, Fineco stands out, earning 4.5/5 stars and ranking 17th out of 63 for Range of Investments. HFM is better suited to traders prioritizing a wide selection of forex pairs, copy trading, and crypto derivatives, though its overall selection is smaller, with a 4/5 rating and a 37th-place ranking.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 500 |
| Forex Pairs (Total) | 54 | 102 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | 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). |
Dive deeper: Best Copy Trading Platforms.
Fineco and HFM both offer proprietary trading platforms with Windows desktop downloads and web-based access. The key differences are on features: HFM includes a free demo for paper trading, supports copy trading, and provides MetaTrader 4 and MetaTrader 5. HFM also lets you place trades directly from charts. Fineco does not offer a demo account, copy trading, MT4 or MT5, or chart trading. Exact counts for chart indicators, drawing tools, and watchlist fields were not provided.
Both brokers are rated 4 stars for Trading Platforms and Tools, but Fineco ranks higher (#18 of 63) than HFM (#43 of 63). Pick HFM if you want a demo account, MetaTrader access, copy trading, and chart-based order entry. Pick Fineco if you prefer its proprietary platform with simple desktop and web access and don’t need paper trading or social-copy features.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing mobile trading apps, both Fineco and HFM offer iPhone and Android apps with stock and forex price alerts. Neither broker syncs watchlists between the mobile app and the online account. Each earns 4 out of 5 stars for Mobile Trading Apps, with ForexBrokers.com ranking HFM slightly higher (#40 out of 63) than Fineco (#43 out of 63).
For charting and watchlist tools, HFM is more feature-packed: it includes 30 technical studies, lets you draw trendlines, auto-saves chart drawings, and supports real-time quotes in watchlists. Fineco offers 6 technical studies, does not support trendline drawing, does not auto-save drawings, and does not provide real-time quotes in watchlists.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
HFM stands out for market research with daily market commentary, Autochartist-powered technical tools, and a sentiment gauge showing the ratio of long vs. short positions. Fineco does not provide daily commentary, Autochartist, or a sentiment tool. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones and include an economic calendar. Neither offers Trading Central. Fineco’s access to TipRanks or Acuity Trading wasn’t specified, while HFM does not offer either.
Both brokers earn 4.0 stars for research, yet HFM ranks higher (#20) than Fineco (#34) out of 63 brokers on ForexBrokers.com. Choose HFM if you want built-in trading ideas, daily insights, and sentiment data; pick Fineco if reliable top-tier news and an economic calendar cover your needs.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Fineco vs HFM for beginner education: both brokers run at least one client webinar per month and offer 10 or more beginner-friendly trading videos, which is helpful when you’re just getting started. HFM also provides 10+ advanced videos for when you’re ready to go deeper, while Fineco does not meet that advanced-video mark. Whether each broker maintains 10 or more pieces focused specifically on forex and CFDs isn’t specified. For overall quality, both earn 4 out of 5 stars for Education, though HFM ranks higher in the category (#37 of 63) than Fineco (#49 of 63).
Details on searchable webinar archives and investor dictionaries with 50+ terms aren’t specified for either broker, so you may want to check directly if those tools matter to you. For beginners, both platforms offer a practical starting point with webinars and basic videos. If you expect to grow into more advanced lessons, HFM has an edge; if you’re mainly after regular webinars and beginner videos, Fineco can fit the bill.
| Feature |
Fineco
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | Yes |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than HFM. Fineco finished with an overall rank of #25, while HFM finished with an overall rank of #30.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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HFM
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 86 |
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When comparing Fineco and HFM in terms of cryptocurrency offerings, neither platform provides the option to buy actual (delivered) cryptocurrencies; however, HFM sets itself apart by allowing the purchase of cryptocurrency derivatives, a feature not available with Fineco.
Fineco vs HFM deposit and withdrawal comparison: Fineco supports ACH or SEPA transfers and bank wires but not PayPal or Skrill, while HFM supports bank wires and Skrill but not ACH or SEPA or PayPal; Visa/Mastercard availability is not specified for either broker.
Please note:
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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0 of 5| Overall Rating | Fineco | HFM | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HFM Review |
| Broker Screenshots | Fineco | HFM | |
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| Regulation | Fineco | HFM | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Fineco | HFM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Fineco | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Fineco | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 500 | |
| Forex Pairs (Total) | 54 | 102 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | 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). |
| Cost | Fineco | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | HFM | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Fineco | HFM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Fineco | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Fineco | HFM | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | HFM | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Fineco | HFM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review | HFM Review |
| Overall | Fineco | HFM | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HFM Review |
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