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 |
If you’re comparing commissions and fees at HFM and FXGT.com, HFM comes out ahead in our ratings and rankings. HFM scores 4 out of 5 stars and ranks #32 out of 63 brokers for Commissions and Fees on ForexBrokers.com, while FXGT.com scores 3.5 out of 5 stars and ranks #57 out of 63. That suggests HFM may offer better overall cost competitiveness and pricing clarity, though your actual costs will still depend on market conditions and the account you choose.
HFM’s trading costs are slightly above the industry average. For its Standard account, the company lists a typical spread of 1.2 pips, but no date range is provided, so the real average could be higher. The Zero account advertises an effective spread of 0.7 pips after commission, yet this figure is also not an average; it’s a quoted example rather than a time-weighted result.
FXGT.com does not provide average spread data, which makes direct cost comparisons harder. With a 3.5/5 star rating and a #57 ranking for Commissions and Fees, traders may want to verify real-time spreads and any commissions on the platforms they plan to trade before deciding.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing HFM vs FXGT.com for range of investments: both brokers let you trade forex as CFDs or spot contracts. HFM lists about 500 tradeable symbols with 102 forex pairs, while FXGT.com offers about 117 symbols and 53 forex pairs. Neither broker lets you buy exchange-traded shares directly on U.S. or international stock exchanges. Both do not support purchasing real cryptocurrency, but they do offer cryptocurrency CFDs.
Both HFM and FXGT.com provide copy trading. For breadth, HFM stands out: it’s rated 4 out of 5 stars and ranks 37th out of 63 brokers for Range of Investments at ForexBrokers.com. FXGT.com is rated 3 stars and ranks 62nd. If you want more markets and forex pair choices, HFM has the edge; FXGT.com covers fewer symbols but includes key categories like forex and crypto CFDs.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 102 | 53 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
HFM and FXGT.com both check the key boxes for everyday traders: each offers a free demo (paper) account, Windows desktop and web-based platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). A main difference is that HFM also provides a proprietary (in‑house) platform, while FXGT.com does not. Both brokers let you place trades directly from charts and support watchlists, making it easy to monitor markets and act quickly.
For Trading Platforms and Tools, both brokers earn 4 out of 5 stars from ForexBrokers.com. In the category ranking of 63 brokers, HFM sits at #43, while FXGT.com is #57. If you want an in‑house platform alongside MT4/MT5, HFM may appeal more; if you’re focused on MetaTrader with web and desktop access plus a demo to practice, either HFM or FXGT.com will fit the bill.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HFM and FXGT.com both check the key boxes for mobile trading apps: each offers iPhone and Android apps, price alerts for stocks and forex, 30 technical studies for charting, the ability to draw trendlines, and auto-saving of chart drawings. The standout difference is watchlist syncing. FXGT.com syncs your watchlists between the mobile app and your online account, so changes carry over automatically. HFM does not offer watchlist symbol syncing.
In third-party ratings, HFM scores 4 stars and ranks #40 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while FXGT.com scores 3.5 stars and ranks #59. If higher overall app ratings matter most, HFM has the edge. If seamless watchlist syncing is a priority, FXGT.com may fit better.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HFM outpaces FXGT.com for market research. HFM provides daily market commentary, streams forex news from major outlets like Bloomberg, Reuters, or Dow Jones, and includes Autochartist tools for technical and fundamental insights. Both HFM and FXGT.com offer a sentiment tool and an economic calendar, while neither integrates Trading Central or Acuity Trading. TipRanks coverage is not offered by HFM, and is not specified for FXGT.com.
If you want richer in-platform research, HFM is the stronger choice, earning 4 stars and a #20 rank out of 63 brokers for Research on ForexBrokers.com. FXGT.com supplies the basics but lacks daily commentary, top-tier news, and Autochartist, scoring 3 stars with a #57 rank. Traders seeking ongoing insights and news may prefer HFM, while FXGT.com suits those who only need a sentiment gauge and an economic calendar.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education at HFM vs FXGT.com, HFM clearly offers more to learn from. HFM hosts client webinars at least once a month, while FXGT.com does not run monthly educational webinars. HFM also provides 10+ beginner trading videos and 10+ advanced videos that cover forex and CFDs topics; FXGT.com does not meet that level for either beginner or advanced video lessons.
These differences show up in third‑party ratings: HFM earns 4 out of 5 stars for Education and ranks #37 out of 63 brokers at ForexBrokers.com, whereas FXGT.com earns 3 out of 5 stars and ranks #61. If you want structured videos and recurring live sessions to build skills step by step, HFM is the stronger pick; FXGT.com trails in both video depth and live events.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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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Online brokers HFM and FXGT.com do not allow buying actual (delivered) cryptocurrencies, but both offer the ability to trade cryptocurrency CFDs instead.
Comparing deposit and withdrawal methods, HFM does not support ACH/SEPA or PayPal but does offer Skrill and bank wire transfers (Visa/Mastercard not specified), while FXGT.com supports ACH/SEPA transfers, with availability of PayPal, Skrill, Visa/Mastercard, and bank wire not specified.
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 | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | HFM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | HFM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 102 | 53 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HFM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | HFM | FXGT.com | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HFM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HFM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | FXGT.com | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | HFM | FXGT.com | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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