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FXCM vs HFM 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FXCM vs HFM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
HFM
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 86
  • Tradeable Symbols (Total): 500

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.

Regulation

FXCM, founded in 1999, and HFM, established in 2010, are both prominent names in the online brokerage world, yet they differ in their regulatory standings and trustworthiness. FXCM stands out as a publicly traded company, whereas HFM is privately held. Neither broker operates as a bank, but FXCM's public presence on a stock exchange potentially adds a layer of transparency and public accountability. When it comes to regulatory credentials, FXCM holds 4 Tier-1 licenses, signifying high trust, and 2 Tier-2 licenses. In comparison, HFM holds 2 Tier-1 licenses and 3 Tier-2 licenses, indicating a solid level of trust but not quite matching FXCM’s regulatory footprint.

The trust score ratings from ForexBrokers.com further highlight FXCM's stronger position with a score of 95 out of 99, designating it as highly trusted. Meanwhile, HFM, with a score of 86, still earns a trusted label but lands slightly lower. These scores are indicative of the brokers' overall risk perception, where FXCM appears to offer a more secure option for traders seeking confidence in the oversight and stability of their trading platform.

Feature FXCM logoFXCM
HFM logoHFM
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

FXCM stands out by offering competitive forex trading commissions and fees, though some of its pricing is slightly higher than the industry average. For its standard accounts, the average spread on the EUR/USD for its EU, U.K., and Australia offerings was 0.78 pips in May 2024. The St. Vincent and the Grenadines entity, however, posted an average spread of 1.38 pips, which is higher than average. Commission-based accounts showed an average spread of 0.28 pips, excluding commissions, with the effective spread closer to 0.74 pips when accounting for fees. FXCM's Active Trader Rebate Program offers further discounts, with rebates ranging from $5 to $25 per million traded depending on trading volume and the tier selected, although this program does have geographical restrictions.

HFM, meanwhile, has trading costs that hover slightly above the industry average. Its standard accounts feature a typical spread of 1.2 pips, although specific data ranges are not provided to confirm this as an average. The Zero account has an effective spread of 0.7 pips when considering commission, but this too lacks averaging guarantees. While both FXCM and HFM have their spreads presented, FXCM provides a more detailed breakdown of its pricing structure and rebate programs that can reduce costs substantially for active traders.

In terms of recognition, both brokers share a 4-star rating for commissions and fees. FXCM is ranked slightly higher at #25 out of 63 brokers in the Commissions and Fees category, compared to HFM's ranking of #31 according to ForexBrokers.com. This rating suggests that both brokers offer reasonable fee structures, but FXCM might provide a marginal edge in terms of overall pricing strategy and savings potential for higher volume traders.

Feature FXCM logoFXCM
HFM logoHFM
Minimum Deposit info Starts from $50 $0
Average Spread EUR/USD - Standard info 0.78 info 1.2 info
All-in Cost EUR/USD - Active info 0.78 info 0.7 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FXCM and HFM both provide a range of investment options, including forex trading as both CFDs and spot contracts. However, HFM offers a larger variety of tradeable symbols, with 500 available compared to FXCM's 440. When it comes to forex pairs, HFM also has a broader selection, offering 102 pairs while FXCM provides 46. Neither broker allows clients to purchase exchange-traded securities on U.S. or international exchanges, meaning you won't be able to buy shares like Apple on NASDAQ or Vodafone on the London Stock Exchange through them.

Both FXCM and HFM facilitate copy trading and provide options for trading cryptocurrency derivatives, although they do not support the purchase of actual cryptocurrency. In terms of ratings, HFM is slightly ahead, receiving 4 out of 5 stars for its range of investments, compared to FXCM's 3.5 stars. According to ForexBrokers.com, HFM ranks #36 out of 63 brokers, while FXCM is placed at #47, indicating HFM’s marginal edge in investment offerings.

Feature FXCM logoFXCM
HFM logoHFM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 500
Forex Pairs (Total) info 46 info 102
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes 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.

Trading platforms and tools

FXCM and HFM are both reputable online brokers offering a variety of trading platforms and tools for traders. Both brokers provide simulated trading through free virtual demo accounts, making it easy for beginners to practice before diving into live trading. FXCM and HFM each offer proprietary platforms developed in-house, alongside popular platforms like MetaTrader 4 (MT4). While both brokers support platforms across Windows desktop and web browsers, HFM has the edge by supporting MetaTrader 5 (MT5), whereas FXCM does not. However, when it comes to copy trading, FXCM provides access to ZuluTrade, unlike HFM.

Charting capabilities for both brokers offer direct trading from stock charts. FXCM provides 10 drawing tools, while HFM offers 30, giving traders more flexibility for technical analysis. Watch list customization is another differentiator; FXCM allows for 13 columns or fields compared to HFM’s 7. In terms of rankings, FXCM is highly rated with 5 stars for Trading Platforms and Tools and ranks 6th out of 63 brokers on ForexBrokers.com. HFM, while still strong, holds 4 stars and is ranked 42nd, suggesting that FXCM may offer a more comprehensive trading platform experience.

Feature FXCM logoFXCM
HFM logoHFM
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info Yes info No
Charting - Indicators / Studies (Total) info 115 15
Charting - Drawing Tools (Total) info 10 30
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 13 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both FXCM and HFM offer iPhone and Android apps for mobile trading, but there are some key differences to consider. Both platforms provide stock or forex price alerts, and you can create real-time watchlists. However, while FXCM offers watchlist symbol syncing, allowing your mobile and online accounts to seamlessly integrate, HFM lacks this feature. FXCM also stands out in its charting capabilities, offering users 59 technical studies compared to HFM's 30. Both brokers enable users to draw trendlines and view multiple time frames on their charts, as well as automatically save drawing annotations.

When it comes to ratings, FXCM slightly edges out with a 4.5-star rating for its mobile trading app, while HFM holds a 4-star rating. According to ForexBrokers.com, FXCM ranks #16 out of 63 brokers, whereas HFM is positioned at #39. If charting features and integrated account management are important to your trading experience, FXCM might be the preferable choice. However, both apps offer solid foundations for mobile trading.

Feature FXCM logoFXCM
HFM logoHFM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to understanding the market research offerings of FXCM and HFM, both brokers provide daily market commentary and forex news from leading sources like Bloomberg and Reuters. However, when you delve deeper into their tools, differences start to emerge. FXCM is equipped with Trading Central tools for technical analytics and offers unique insights from TipRanks, which are not available with HFM. Conversely, HFM stands out by incorporating tools from Autochartist, which are missing in FXCM's toolkit. Both brokers provide sentiment-based trading tools and a comprehensive economic calendar to keep traders updated on global events.

Evaluating the overall research capabilities, FXCM takes a slight edge with a 4.5-star rating compared to HFM's 4-star rating, as determined by ForexBrokers.com. Moreover, out of 63 brokers, FXCM ranks at #11, while HFM holds the #20 spot in the Research category. Whether you prioritize advanced technical tools or broader market insights, understanding these distinctions between FXCM and HFM can help you choose the broker that aligns with your trading research needs.

Feature FXCM logoFXCM
HFM logoHFM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info Yes No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing FXCM and HFM in terms of educational resources for beginners, both brokers excel in offering comprehensive support. FXCM provides more than 10 educational pieces focused on forex or CFDs, such as articles, videos, and webinars. Similarly, HFM offers an equivalent array of educational materials for new traders. Both brokers host frequent online webinars, at least once a month, to engage clients actively. They also maintain searchable archives of these sessions, allowing users to revisit past topics with ease.

The video resources at both FXCM and HFM support newcomers and seasoned traders alike, with a set of over 10 beginner-focused and advanced educational videos. Each broker also supplies an investor dictionary with definitions for more than 50 investing terms, making it easier for beginners to acquaint themselves with trade jargon. Although both platforms deliver a rich educational experience, FXCM stands out with a higher education rating of 4.5 stars, ranked #14 among 63 brokers. In comparison, HFM is rated 4 stars and ranks #37. This distinction may make FXCM a more attractive choice for those prioritizing educational resources in their trading journey.

Feature FXCM logoFXCM
HFM logoHFM
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than HFM. FXCM finished with an overall rank of #15, while HFM finished with an overall rank of #30.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature FXCM logoFXCM
HFM logoHFM
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 86
Range of Investments 3.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FXCM or HFM?

Both FXCM and HFM do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.

What funding options does each broker offer?

FXCM offers a wide range of options for depositing and withdrawing funds, including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, while HFM provides Skrill, Visa, Mastercard, and bank wire options, but lacks ACH, SEPA transfers, and PayPal support.




announcementPlease 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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Compare

0 of 5
Overall Rating FXCM HFM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 86
Winner check_circle
Review FXCM Review HFM Review
Broker Screenshots FXCM HFM
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FXCM HFM
Trust Score info 95 86
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) FXCM HFM
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) FXCM HFM
Kenya (CMA Authorised) info No Yes
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FXCM HFM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 500
Forex Pairs (Total) info 46 info 102
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes 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 FXCM HFM
Average Spread EUR/USD - Standard info 0.78 info 1.2 info
All-in Cost EUR/USD - Active info 0.78 info 0.7 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding FXCM HFM
Minimum Deposit info Starts from $50 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms FXCM HFM
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info Yes info No
Trading Tools FXCM HFM
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 13 7
Charting - Indicators / Studies (Total) info 115 15
Charting - Drawing Tools (Total) info 10 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM HFM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research FXCM HFM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FXCM HFM
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FXCM HFM
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FXCM Review HFM Review
Overall FXCM HFM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 86
Winner check_circle
Review FXCM Review HFM Review
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