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FxPro vs HFM 2023

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Written by ForexBrokers.com

August 29, 2023

Is FxPro better than HFM? In our analysis of 23 international regulators across 62 of the best forex brokers, FxPro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. HotForex is considered Trusted, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating FxPro HFM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 90 86
Winner check_circle
Review FxPro Review HFM Review
Broker Screenshots FxPro 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 FxPro HFM
Trust Score info 90 86
Year Founded info 2006 2010
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) FxPro HFM
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No 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
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) FxPro HFM
Kenya (CMA Authorised) info No Yes
Israel (ISA Authorised) info No 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 FxPro HFM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2249 3500
Forex Pairs (Total) info 70 47
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes 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 FxPro HFM
Average Spread EUR/USD - Standard info 1.51 info 1.2 info
All-in Cost EUR/USD - Active info 1.27 info 0.9 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding FxPro HFM
Minimum Deposit info $100 $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
Trading Platforms FxPro 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 Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FxPro HFM
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 19 7
Charting - Indicators / Studies (Total) info 76 15
Charting - Drawing Tools (Total) info 22 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FxPro 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 65 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research FxPro 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
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FxPro HFM
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FxPro 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 FxPro Review HFM Review
Overall FxPro HFM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 90 86
Winner check_circle
Review FxPro Review HFM Review
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FxPro vs HFM Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare FxPro vs HFM.

Can I trust FxPro?

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

Can I trust HFM?

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.

Is FxPro good?

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

Is HFM good?

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.

What is the minimum deposit requirement for opening an account with FxPro?

To open a forex trading account with FxPro, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with HFM?

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

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. FxPro offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas HFM provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Does FxPro or HFM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that HFM offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, 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 miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is FxPro or HFM safer for forex and CFDs trading?

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both FxPro and HFM hold 2 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while FxPro holds 1.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FxPro (90) earned a higher Trust Score than HFM (86).

Which trading platform is better: FxPro or HFM?

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

Here’s what trading platforms are available at FxPro:

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

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

What about MetaTrader? How about copy trading?

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

What can I trade with each broker?

FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. If you are interested in trading CFDs, HFM offers traders access to 3500 CFDs, while FxPro offers access to 2249 CFDs; so HFM offers 1251 more CFDs than FxPro.

We found in our testing that HFM offers a more diverse selection of investment options than FxPro, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).

Overall winner: FxPro

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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.

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

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