Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank, established in 1999, offers a high level of trust with its ForexBrokers.com Trust Score of 94 out of 99, placing it in the highly trusted category. FinecoBank is a publicly traded bank, adding an extra layer of reliability. It holds two Tier-1 licenses, which underscores its compliance with top-tier financial regulations. While FinecoBank doesn't hold any Tier-2 licenses, its reputation and regulatory standing remain strong and appealing for investors who prioritize trust and stability.
In contrast, HFM, founded in 2010, carries a ForexBrokers.com Trust Score of 86, marking it as a trusted broker but slightly below FinecoBank's standing. Although not a bank or publicly traded, HFM balances its regulatory profile with two Tier-1 licenses and an additional three Tier-2 licenses, indicating a commitment to regulatory adherence. This mix provides potential clients with a sense of security while engaging with their platform.
| Feature |
FinecoBank
|
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 |
When comparing the commissions and fees of FinecoBank and HFM, both online brokers approach trading costs differently. FinecoBank's spreads, especially for forex and CFD trading, lack transparency since average spread data is not published. The listed spread for EUR/USD at FinecoBank is 1 pip, which is relatively high compared to typical forex broker spreads. Additionally, they provide a spread of 0.8 pips, but without clarification on averages or date ranges. Nonetheless, it's acknowledged that FinecoBank may offer competitive spreads on index CFDs.
On the other hand, HFM's trading costs are slightly above average for the industry. Their standard trading accounts generally feature a spread of 1.2 pips, although there is no specific time range provided, potentially indicating a higher actual average spread. The Zero account at HFM presents a more competitive scenario with an effective spread of 0.7 pips after including commission, yet this rate is also not stated as an average.
In terms of ratings, FinecoBank earns 3.5 stars for its commissions and fees and is ranked 51st out of 63 brokers by ForexBrokers.com. Meanwhile, HFM is rated higher at 4 stars and ranks 31st in the same category, suggesting a better overall experience in terms of fees relative to many other brokers.
| Feature |
FinecoBank
|
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 | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available through FinecoBank and HFM, both brokers offer forex trading as CFDs or spot contracts. FinecoBank provides a broader selection with 9,770 tradeable symbols, including 54 forex pairs. This is bolstered by their offering of exchange-traded securities on U.S. and international exchanges, allowing clients to purchase shares like Apple on the NASDAQ or Vodafone on the London Stock Exchange. However, they do not support copy trading or cryptocurrency transactions, whether actual or derivatives.
In contrast, HFM presents 500 tradeable symbols, featuring a greater variety of 102 forex pairs. While they don't offer exchange-traded securities on U.S. or international exchanges, HFM offers copy trading and enables trading in cryptocurrency derivatives. Despite having a narrower breadth in investments compared to FinecoBank, HFM caters to those interested in forex and crypto derivatives. FinecoBank is rated 4.5 stars and is ranked 16th out of 63 brokers for its range of investments, showcasing a comprehensive offering. HFM, meanwhile, is rated 4 stars and is positioned at 36th, attesting to its specialization in certain areas of trading.
| Feature |
FinecoBank
|
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.
When comparing the trading platforms and tools of FinecoBank and HFM, both brokers provide proprietary platforms, offering users a unique, tailored experience. They also support Windows-based and web-based trading, providing flexibility in how traders access their accounts. However, when it comes to simulated trading, HFM differentiates itself with a free virtual demo account, which FinecoBank does not offer. For traders interested in popular platforms like MetaTrader 4 and MetaTrader 5, HFM supports both, whereas FinecoBank does not, which might sway traders looking for these familiar interfaces.
Additionally, HFM excels in features such as copy trading and the ability to trade directly from stock charts, capabilities that FinecoBank lacks. Chart enthusiasts might appreciate HFM's 30 drawing tools compared to FinecoBank’s 7. Despite these differences, both brokers receive a solid four-star rating for their trading platforms and tools. While FinecoBank is ranked higher overall at #18 compared to HFM's #42, individual preferences for tools and platform features will ultimately guide traders in choosing the best fit for their needs.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 7 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and HFM offer iPhone and Android applications, catering to traders on the go. They each provide stock and forex price alerts, ensuring users stay informed about market movements. However, neither platform supports watchlist symbol syncing, meaning users need to update their watchlists separately on mobile and online accounts. While FinecoBank offers six technical studies for charting analysis, HFM provides a more extensive selection with 30 technical studies, as well as the ability to draw trendlines and have these drawings auto-saved.
Both platforms allow users to view multiple time frames on their charts, whether daily, weekly, or intraday. However, HFM stands out by offering the ability to create a watchlist with real-time quotes, a feature that FinecoBank lacks. Despite these differences, both received a 4-star rating for their mobile trading apps. In a ranking of 63 brokers, FinecoBank holds the 42nd position, while HFM is ranked slightly higher at 39th, reflecting their competitive yet distinct offerings in the mobile trading space.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
FinecoBank and HFM both offer solid features for traders interested in market research, but there are key differences between the two. FinecoBank does not provide daily market commentary, whereas HFM does, helping traders stay informed with timely insights. Both brokers offer forex news sourced from highly reputable outlets including Bloomberg and Reuters. However, HFM stands out with its inclusion of technical analysis tools from Autochartist, a feature not available with FinecoBank. Neither broker provides research tools from Trading Central or Acuity Trading, nor do they offer market research from TipRanks. For traders looking for sentiment-based tools, HFM provides a trading tool that highlights long and short positioning across various instruments, an aspect FinecoBank lacks.
When it comes to staying updated with economic events, both FinecoBank and HFM offer economic calendars that keep traders informed about global news events. Despite the similarity in their economic calendar offerings, HFM's additional research tools enable it to claim a higher rank of #20 in ForexBrokers.com's Research category out of 63 brokers, compared to FinecoBank's #33. Interestingly, both brokers share an identical research rating of 4 out of 5 stars. These distinctions make HFM a more attractive option for traders seeking comprehensive market research capabilities, especially those valuing daily commentary and advanced analysis tools.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered to beginners by FinecoBank and HFM, there are notable differences that cater to varied learning needs. FinecoBank provides a selection of trading videos specifically aimed at beginners and conducts monthly online webinars to engage their clients. Additionally, they offer an investor dictionary with definitions of over 50 investing terms. However, FinecoBank falls short in areas such as providing a wide range of educational materials focused on forex and CFDs, and lacks an archive of recorded webinars for client reference. Their educational provision has been rated 4.0 stars and ranked at #49 out of a total of 63 brokers by ForexBrokers.com.
On the other hand, HFM stands out with a more comprehensive approach to beginner education. They offer not only beginner-focused videos but also advanced content tailored for seasoned traders. With over 10 resources specifically on forex and CFDs, HFM ensures that a diverse range of educational materials is accessible to their clients. Moreover, archived webinars are available for review, enhancing their learning library. Like FinecoBank, HFM also provides a dictionary of investing terms. Both brokers are rated similarly in terms of education quality, with HFM holding a 4-star rating and ranked at #37 by ForexBrokers.com. This indicates a slightly higher standing in the educational aspect, despite the comparable rating.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FinecoBank is better than HFM. FinecoBank 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 |
FinecoBank
|
HFM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing FinecoBank and HFM for cryptocurrency options, FinecoBank does not offer the ability to purchase actual or derivative cryptocurrencies, whereas HFM allows investors to buy cryptocurrency derivatives but not the actual cryptocurrencies.
FinecoBank supports ACH and SEPA transfers and bank wires for fund deposits and withdrawals, while HFM offers a wider range of options including Skrill, Visa, Mastercard, and bank wires, but does not support ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | HFM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HFM Review |
| Broker Screenshots | FinecoBank | HFM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | FinecoBank | 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) | FinecoBank | 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) | No | No | |
| 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) | FinecoBank | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | 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 | FinecoBank | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | HFM | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | HFM | |
|---|---|---|---|
| Proprietary 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 | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 7 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | HFM | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review | HFM Review |
| Overall | FinecoBank | HFM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HFM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill