Is Fineco better than HFM (HF Markets)? In our analysis of 23 international regulators across 50 brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Learn more about Trust Score.
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Fineco vs HFM (HF Markets) 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Fineco | HFM (HF Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 85 |
| Fineco Review | HFM (HF Markets) Review | |
| 65.11% of retail CFD accounts lose money | 72.03% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | Fineco | HFM (HF Markets) |
| Trust Score | 92 | 85 |
|
Year Founded |
1999 | 2010 |
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Publicly Traded (Listed) |
Yes | No |
|
Bank |
Yes | No |
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Tier-1 Licenses |
2 | 1 |
|
Tier-2 Licenses |
0 | 3 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | Fineco | HFM (HF Markets) |
|
ASIC Authorised (Australia) |
Yes | No |
|
IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | Fineco | HFM (HF Markets) |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | Yes |
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CBI Authorised (Ireland) |
No | No |
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ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSCA Authorised (South Africa) |
No | Yes |
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SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | Fineco | HFM (HF Markets) |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
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FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | Yes |
Investments
| Feature | Fineco | HFM (HF Markets) |
|
Forex Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Tradeable Symbols (Total) |
126 | 1066 |
|
Forex Pairs (Total) |
54 | 47 |
|
US Stock Trading (Non CFD) |
Yes | No |
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Int'l Stock Trading (Non CFD) |
Yes | No |
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Social Trading / Copy-Trading |
No | Yes |
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Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
No | Yes |
| Crypto Disclaimer (UK) | 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
| Feature | Fineco | HFM (HF Markets) |
|
Average Spread EUR/USD - Standard |
N/A | 1.2 (August 2021) |
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All-in Cost EUR/USD - Active |
N/A | 0.9 (August 2021) |
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Active Trader or VIP Discounts |
No | No |
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Execution: Agency Broker |
No | No |
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Execution: Market Maker |
No | No |
Funding
| Feature | Fineco | HFM (HF Markets) |
|
Minimum Deposit |
$0 | $5 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
No | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | Fineco | HFM (HF Markets) |
|
Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
No | Yes |
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MetaTrader 4 (MT4) |
No | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | Fineco | HFM (HF Markets) |
|
Virtual Trading (Demo) |
No | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watchlists - Total Fields |
7 | |
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Charting - Indicators / Studies (Total) |
90 | 15 |
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Charting - Drawing Tools (Total) |
N/A | 30 |
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Charting - Trade From Chart |
No | Yes |
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Charting - Drawings Autosave |
No | No |
Mobile Trading
| Feature | Fineco | HFM (HF Markets) |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watch List |
No | Yes |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
N/A | 30 |
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Charting - Draw Trendlines |
No | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
No | Yes |
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Charting - Drawings Autosave |
No | Yes |
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Forex Calendar |
No | Yes |
Research
| Feature | Fineco | HFM (HF Markets) |
|
Daily Market Commentary |
No | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Autochartist |
No | Yes |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
No | Yes |
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Economic Calendar |
No | Yes |
Education
| Feature | Fineco | HFM (HF Markets) |
|
Has Education - Forex or CFDs |
Yes | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | Fineco | HFM (HF Markets) |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Fineco | HFM (HF Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 85 |
| Fineco Review | HFM (HF Markets) Review |
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 Fineco vs HFM (HF Markets).
Does Fineco or HFM (HF Markets) 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, Fineco offers better pricing overall for traders.
Is Fineco or HFM (HF Markets) 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. Fineco holds 2 global Tier-1 licenses, while HFM (HF Markets) holds 1. HFM (HF Markets) holds 3 global Tier-2 licenses, while Fineco holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco earned a higher Trust Score than HFM (HF Markets).
Which trading platform is better: Fineco or HFM (HF Markets)?
To compare the trading platforms of both Fineco and HFM (HF Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco offers a better experience. With research, HFM (HF Markets) offers superior market research. Finally, we found HFM (HF Markets) 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. While HFM (HF Markets) offers copy trading, Fineco does not. HFM (HF Markets) offers MetaTrader 4 (MT4), while Fineco does not.
How many forex pairs and CFDs are available to trade?
Fineco provides traders 54 currency pairs (e.g., EUR/USD) compared to HFM (HF Markets)'s 47 available pairs. Forex pairs aside, HFM (HF Markets) offers traders access to 1066 CFDs while Fineco has 126 available CFDs, a difference of 940.
Can I trust Fineco?
Can I trust HFM (HF Markets)?
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).
Is Fineco good?
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.
Is HFM (HF Markets) 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.
Overall winner: Fineco
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