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Fineco vs HFM (HF Markets) 2021

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.


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.

Overall Rating

Feature Fineco HFM (HF Markets)
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 4
Platforms & Tools 4 3.5
Mobile Trading Apps 3.5 4
Research 4 4
Education 3.5 3.5
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
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Regulation

Feature Fineco HFM (HF Markets)
Trust Score 92 85
Year Founded
1999 2010
Publicly Traded (Listed)
Yes No
Bank
Yes No
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
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
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
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No Yes
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
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No Yes

Investments

Feature Fineco HFM (HF Markets)
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
126 1066
Forex Pairs (Total)
54 47
US 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 (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)
All-in Cost EUR/USD - Active
N/A 0.9 (August 2021)
Active Trader or VIP Discounts
No No
Execution: Agency Broker
No No
Execution: Market Maker
No No

Funding

Feature Fineco HFM (HF Markets)
Minimum Deposit
$0 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Fineco HFM (HF Markets)
Proprietary Platform
Yes No
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

Feature Fineco HFM (HF Markets)
Virtual Trading (Demo)
No Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
7
Charting - Indicators / Studies (Total)
90 15
Charting - Drawing Tools (Total)
N/A 30
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No

Mobile Trading

Feature Fineco HFM (HF Markets)
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
No Yes
Watch List Syncing
No No
Charting - Indicators / Studies
N/A 30
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
No Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes

Research

Feature Fineco HFM (HF Markets)
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
No Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
No Yes

Education

Feature Fineco HFM (HF Markets)
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature Fineco HFM (HF Markets)
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

Overall

Feature Fineco HFM (HF Markets)
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 4
Platforms & Tools 4 3.5
Mobile Trading Apps 3.5 4
Research 4 4
Education 3.5 3.5
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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