HFM vs FlowBank 2023

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by two Tier-1 regulators (Highly Trusted), Three tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). HotForex is authorised by the following Tier-1 regulator: Financial Conduct Authority (FCA) and the European Union via MiFID.

FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

To open a forex trading account with HFM, you'll need to make an initial minimum deposit of $0.

HFM requires a minimum deposit of $0 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. HFM offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas FlowBank provides Bank Wire (Deposit/Withdraw).. Neither have PayPal (Deposit/Withdraw)

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, HFM offers better pricing overall for traders.

Methodology: To score brokers on commissions & fees we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any sort of miscellaneous fees, to determine an "all-in" cost per trade.

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. HFM holds 2 global Tier-1 licenses, while FlowBank holds 1. HFM holds 3 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, HFM (86) earned a higher Trust Score than FlowBank (80).

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

Here’s what trading platforms are available at HFM:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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Here’s what trading platforms are available at FlowBank:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both HFM and FlowBank offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. HFM and FlowBank both offer copy trading.

FlowBank provides traders 52 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while HFM has 3500 available CFDs, a difference of 405100.

HFM offers a more diverse selection of investment options than FlowBank allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical).