Written by ForexBrokers.com
In this head to head comparison of HFM vs FXPrimus, 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.
When considering how trustworthy online brokers HFM and FXPrimus are, it's important to look at their regulatory standings and Trust Scores. HFM, founded in 2010, holds a ForexBrokers.com Trust Score of 86, placing it in the 'trusted' category. It boasts two highly trusted Tier-1 licenses and three trusted Tier-2 licenses. In contrast, FXPrimus, which was established in 2009, has a Trust Score of 71, indicating an average risk level as per ForexBrokers.com ratings. FXPrimus holds one Tier-1 license but does not possess any Tier-2 licenses.
Neither HFM nor FXPrimus is publicly traded on any stock exchange, and neither operates as a bank. These factors might also be important for assessing their overall trustworthiness. However, their respective regulatory credentials and Trust Scores provide a clear picture, underscoring HFM’s more secure footing with its additional licenses and higher trust rating compared to FXPrimus.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing HFM and FXPrimus on commissions and fees, both brokers earn a commendable rating of 4 stars. HFM offers standard trading accounts with spreads starting at 1.2 pips, although these figures may fluctuate as no specific date range is provided. For those opting for the Zero account at HFM, the effective spread narrows to 0.7 pips after including commissions. However, it's important to note that these figures are not indicative of average spreads, which may present variations in trading costs. Overall, HFM ranks 31st out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
FXPrimus also holds a 4-star rating for its approach to commissions and fees, aligning it with HFM's performance in this regard. Despite lacking average spread data, FXPrimus provides traders with a competitive offering, securing the 42nd position out of 63 brokers as assessed by ForexBrokers.com. The absence of detailed spread data necessitates a broader assessment when evaluating FXPrimus's cost-efficiency compared to industry norms.
While both HFM and FXPrimus provide solid choices for traders concerned with commissions and fees, the difference in their rankings reflects HFM's slightly more favorable position in terms of cost-related features and transparency. Therefore, potential traders should consider these rankings and ratings when assessing which broker best meets their trading needs.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HFM and FXPrimus both provide opportunities for forex trading using CFDs or spot contracts, making them appealing choices for traders interested in currency markets. When it comes to the variety of tradeable symbols, HFM stands out with a selection of 500 options, significantly more than the 140 symbols available through FXPrimus. For forex enthusiasts, HFM also offers an impressive 102 tradeable forex pairs compared to FXPrimus’s 42. However, neither broker provides access to exchange-traded securities on U.S. or international markets, such as shares of Apple or Vodafone. Both platforms include copy trading features, allowing users to replicate the strategies of successful traders.
While neither HFM nor FXPrimus allows the purchase of actual cryptocurrencies, they do offer the option to invest in cryptocurrency derivatives. In terms of overall investment range, HFM has a slight edge with a 4-star rating, compared to FXPrimus's 3.5 stars. According to ForexBrokers.com, HFM is ranked 36th out of 63 brokers for Range of Investments, while FXPrimus is positioned lower at 59th. This difference highlights HFM's slightly broader array of investment choices, making it a more versatile option for various trading preferences.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 140 |
| Forex Pairs (Total) | 102 | 42 |
| 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 FXPrimus, both brokers provide a similar array of features designed to enhance the trading experience. They both offer free virtual demo accounts, allowing users to practice trading without financial risk. Each broker has developed its own proprietary platform, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and provides Windows-based desktop and web-based platforms. This combination of offerings ensures traders can access markets from various devices and benefit from familiar and user-friendly interfaces. Additionally, both HFM and FXPrimus support copy trading, giving traders the ability to mirror the strategies of experienced investors.
While HFM and FXPrimus do not offer external integrations like DupliTrade or ZuluTrade, they impress with a range of charting tools. HFM provides 30 drawing tools, doubling the 15 offered by FXPrimus. Both brokers, however, allow trading directly from stock charts, enhancing real-time market engagement. As for organizing market insights, each offers seven columns for watchlists. The platforms and tools from both are rated four out of five stars, with HFM ranked slightly higher at #42 compared to FXPrimus at #49 among 63 brokers analyzed by ForexBrokers.com. This places HFM and FXPrimus as solid choices for traders prioritizing both functionality and ease of use.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HFM and FXPrimus, both brokers offer apps compatible with iPhone and Android devices, along with similar features. Each app provides users with the ability to receive stock or forex price alerts, draw trendlines on charts, and view multiple time frames, such as daily, weekly, or intraday options. For technical analysis, both apps also include 30 technical studies, giving traders ample tools for market assessment. Furthermore, both HFM and FXPrimus allow for real-time watchlist creation and ensure that any chart drawings are autosaved, so your analysis is kept in place over sessions.
Despite these shared benefits, one notable limitation of both trading apps is the absence of watchlist symbol syncing with the user's online account, which means manual updates may be required across platforms. When it comes to user ratings, both HFM and FXPrimus secure a solid four out of five stars for their mobile trading apps. However, HFM stands higher in industry rankings, placed at 39th compared to FXPrimus's 48th out of 63 brokers. This slight edge in ranking might influence traders looking for a marginally better-recognized app in the mobile trading space.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 it comes to market research, HFM and FXPrimus both provide daily market commentary and an economic calendar to keep traders informed of global events. However, HFM stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, while FXPrimus does not offer news from these prestigious outlets. Additionally, HFM provides traders with technical analysis tools from Autochartist and a sentiment-based trading tool, enhancing their research capabilities. FXPrimus, on the other hand, does not offer these valuable tools.
In terms of research excellence, HFM enjoys a strong reputation with a four-star rating and is ranked 20th out of 63 brokers according to ForexBrokers.com. FXPrimus, with a three-star research rating, is ranked 58th, indicating a noticeable gap in their research offerings when compared to HFM. While neither broker provides tools from Trading Central, TipRanks, or Acuity Trading, the differences in available resources make HFM the preferred choice for traders seeking comprehensive market insights.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 for beginners at HFM and FXPrimus, both online brokers offer a variety of educational materials on forex and CFDs. HFM and FXPrimus provide more than 10 educational pieces, which can include articles, videos, and archived webinars, ensuring that beginners have access to essential trading knowledge. Both platforms also conduct online educational webinars for their clients, holding at least one each month to keep users engaged and informed. Furthermore, they each maintain a searchable archive of recorded webinars, allowing users to revisit past topics at their convenience.
However, HFM edges out FXPrimus with its additional offerings. HFM provides more than 10 beginner-focused educational videos, which specifically cater to those new to trading. It also features at least 10 advanced videos for seasoned traders looking to deepen their expertise, a resource not available through FXPrimus. Additionally, HFM offers an investor dictionary defining over 50 investing terms, aiding newcomers in understanding trading jargon. These offerings contribute to HFM's higher education rating of 4 stars compared to FXPrimus's 3 stars. In educational rankings among 63 brokers, HFM places at #37, while FXPrimus falls behind at #51, further highlighting the more comprehensive educational support HFM provides to its users.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 FXPrimus. HFM finished with an overall rank of #30, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both HFM and FXPrimus do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to purchase cryptocurrency derivatives.
Both HFM and FXPrimus do not support ACH or SEPA transfers or PayPal for transactions, but they do offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, providing users with flexible and reliable financial transaction methods.
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 | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | HFM | FXPrimus | |
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| Regulation | HFM | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2010 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | HFM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 140 | |
| Forex Pairs (Total) | 102 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HFM | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HFM | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | HFM | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HFM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review |
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