Written by ForexBrokers.com
In this head to head comparison of HFM vs FXGT.com, 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.
HFM and FXGT.com are both online brokers with reputations that are outlined by their respective trust scores and regulatory statuses. Founded in 2010, HFM has established a higher trust score rating of 86 out of 99 on ForexBrokers.com, placing it in the "trusted" category. It holds two Tier-1 licenses, which are highly trusted, and three Tier-2 licenses. This combination offers a strong foundation for assurance and reflects its established presence in the industry. Meanwhile, FXGT.com, which entered the market later in 2019, has a trust score of 69, indicating a higher risk level. FXGT.com holds one Tier-1 license and one Tier-2 license, suggesting it is still in the process of building consumer trust.
Neither HFM nor FXGT.com is publicly traded or operates as a bank. This dimension is crucial as it highlights their singular focus on brokerage services without the complexities of being a public entity or a financial institution. While both brokers offer online trading solutions, HFM's decade-long experience and expanded regulatory credentials give it a stability advantage among cautious investors. In contrast, FXGT.com might appeal to those willing to explore newer options or who have specific preferences that align with FXGT.com's offerings.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the online brokers HFM and FXGT.com in terms of commissions and fees, HFM generally has higher trading costs than the industry average. For their standard accounts, HFM offers a typical spread of 1.2 pips, according to the company. However, the lack of a specified date range means that actual spreads could vary. Their Zero account provides an effective spread of 0.7 pips when factoring in commissions, though again, this figure may not represent an average over time. In contrast, FXGT.com does not provide specific data on average spreads, which makes it difficult to offer a precise comparison.
Regarding ratings, HFM achieves a commendable 4 out of 5 stars for its commissions and fees, while FXGT.com earns a slightly lower rating of 3.5 stars. This reflects HFM's relative transparency and competitive offering, despite higher-than-average costs. On the other hand, the absence of average spread data for FXGT.com may pose a challenge for some traders looking for more consistent cost information.
In terms of rankings by ForexBrokers.com, HFM holds the #31 position among 63 brokers in the Commissions and Fees category. FXGT.com is ranked lower at #56, indicating that it may not be as favorable in this aspect compared to its competitors. These rankings provide insight into how both brokers compare within the industry, helping traders make more informed decisions based on cost-related factors.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing HFM and FXGT.com, both online brokers provide forex trading through CFDs or spot contracts, making them suitable for those interested in this trading style. However, HFM offers a broader range of tradeable symbols, with 500 options compared to FXGT.com's 117. This includes 102 forex pairs with HFM, nearly double the 53 forex pairs available with FXGT.com. Neither broker offers the ability to buy exchange-traded securities on U.S. or international exchanges, or allows clients to purchase actual cryptocurrencies, though cryptocurrency derivatives are available on both platforms.
HFM and FXGT.com both support copy trading, catering to investors looking to mirror the strategies of successful traders. However, when evaluating the overall range of investments, HFM takes the lead with a 4-star rating, while FXGT.com stands at 3 stars. According to ForexBrokers.com, HFM is ranked #36 out of 63 brokers in the Range of Investments category, while FXGT.com ranks significantly lower at #61. This ranking reflects the more extensive investment options available with HFM, potentially making it more appealing for investors seeking variety in their trading activities.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 102 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools offered by HFM and FXGT.com, both brokers provide several essential features for traders. Each offers a free virtual demo account, allowing users to practice trading without financial risk. Both brokers support popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Furthermore, HFM stands out by offering a proprietary trading platform developed in-house, whereas FXGT.com does not. Nevertheless, both offer Windows-based desktop platforms and web-based trading platforms, providing flexibility for traders preferring different interfaces.
In terms of usability and additional features, HFM and FXGT.com both support copy trading and allow trading directly from stock charts. HFM offers a slightly wider array of charting tools, with 30 drawing tools compared to FXGT.com's 23. HFM also provides more customization in watch lists with 7 fields compared to FXGT.com's 5 fields. Despite these nuances, both brokers have earned a 4-star rating for their trading platforms and tools. However, HFM takes an edge in industry rankings, placing 42nd out of 63 brokers, whereas FXGT.com ranks 56th according to ForexBrokers.com.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Drawing Tools (Total) | 30 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking comprehensive mobile trading capabilities, both HFM and FXGT.com offer apps for iPhone and Android devices. Both apps include useful features like price alerts, the ability to draw trendlines, and access to multiple time frame charts. Notably, both platforms provide mobile charting with 30 technical studies each, and your drawings are automatically saved. When it comes to customizing watchlists, both apps support the creation of lists with real-time quotes, though FXGT.com stands out by offering cross-device watchlist synchronization, a feature absent in HFM's app.
In terms of performance and user satisfaction, HFM's mobile app edges ahead with a four-star rating, compared to FXGT.com's 3.5 stars. This level of user approval might reflect in their respective rankings, with ForexBrokers.com placing HFM at #39 and FXGT.com at #58 among 63 brokers evaluated in the mobile trading category. These rankings suggest that while both platforms offer a strong foundation for mobile trading, HFM may deliver a slightly more refined user experience.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing HFM and FXGT.com for market research, it's clear that HFM offers a more comprehensive suite of resources. HFM provides daily market commentary, giving traders timely insights to make informed decisions. In contrast, FXGT.com lacks this daily commentary. HFM stands out further by offering forex news from renowned sources like Bloomberg and Reuters, while FXGT.com does not provide such high-tier news. Additionally, HFM supports traders with tools from Autochartist, enhancing technical and fundamental analysis capabilities. Both brokers, however, offer sentiment-based trading tools and economic calendars to track global news events.
Despite some similarities, like the absence of Trading Central and Acuity Trading tools on both platforms, HFM's overall market research offerings are richer. These differences are reflected in ForexBrokers.com's ratings, where HFM receives a stellar 4-star rating and ranks 20th out of 63 brokers in the Research category. FXGT.com, on the other hand, earns 3 stars and is ranked much lower at 56th. These comparisons suggest that HFM equips traders with more diverse and superior research tools, making it a favorable choice for those who prioritize market analysis.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | 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 available to beginners, online broker HFM stands out in several ways compared to FXGT.com. HFM offers an extensive collection of over 10 educational pieces that focus on forex and CFD trading, which is perfect for those new to the trading world. Furthermore, HFM provides consistent learning opportunities through online client webinars held at least once a month, and even offers a searchable archive of past webinars, allowing learners to revisit valuable sessions. HFM also enriches the learning experience with tailored educational videos—more than 10 for beginners and another set for advanced traders—helping users build a solid foundation and then grow their skills further. Additionally, HFM supports its educational efforts with a comprehensive investor dictionary featuring over 50 investing terms.
While FXGT.com also provides an investor dictionary, it lacks much of the structured educational support that HFM excels in. FXGT.com falls short by not offering the minimum of 10 educational pieces solely dedicated to forex and CFDs and doesn't conduct monthly webinars or maintain an archive of past sessions for client access. In terms of educational videos, FXGT.com does not reach the threshold of at least 10 videos for beginners or advanced traders. Reflecting these differences in educational quality, HFM scores a commendable 4 out of 5 stars in educational offerings, ranking 37th out of 63 brokers, while FXGT.com earns 3 stars and is positioned lower at 60th in the same category according to ForexBrokers.com.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 HFM is better than FXGT.com. HFM finished with an overall rank of #30, while FXGT.com finished with an overall rank of #59.
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.
| Feature |
HFM
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both HFM and FXGT.com do not provide the option to purchase actual, delivered cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the actual digital assets.
When comparing online brokers HFM and FXGT.com, FXGT.com stands out by offering ACH or SEPA transfers for deposits and withdrawals, which HFM does not, whereas HFM provides the option of using Skrill that FXGT.com lacks, while both brokers support Visa, Mastercard, and bank wires, neither offers PayPal as a funding option.
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.
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0 of 5| Overall Rating | HFM | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | HFM | FXGT.com | |
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| Regulation | HFM | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | HFM | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | No | |
| 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) | HFM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 102 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | HFM | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HFM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HFM | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HFM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HFM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HFM | FXGT.com | |
|---|---|---|---|
| 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 | HFM Review |
| Overall | HFM | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HFM Review |
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