Written by ForexBrokers.com
In this head to head comparison of FxPro vs HFM, 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.
FxPro, founded in 2006, offers a high level of trust to investors with a ForexBrokers.com Trust Score of 93 out of 99, reflecting its reputation as a highly trusted broker. Although not publicly traded, FxPro uniquely operates as a bank and holds two Tier-1 and one Tier-2 licenses, ensuring strong oversight and reliability. This makes FxPro a well-regarded choice for those seeking security and peace of mind in their online trading activities.
Established in 2010, HFM achieves a Trust Score of 86 out of 99 from ForexBrokers.com, indicating a trusted status but not quite reaching the highly trusted bracket. While not functioning as a bank or being publicly traded, HFM's regulatory framework is fortified with two Tier-1 licenses and three Tier-2 licenses, providing a solid level of trustworthiness for traders seeking a stable trading platform. Both brokers offer compelling advantages, but the nuances in their regulatory credentials highlight different strengths that traders might consider based on their personal preferences and priorities.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FxPro and HFM are widely recognized online brokers known for providing comprehensive trading platforms, but differ in terms of their commissions and fees. FxPro's pricing is higher than the industry average, putting it at a slight disadvantage when compared to competitors like Pepperstone. On FxPro's MetaTrader 4 platform, traders have the choice of variable or fixed spreads, with market and instant execution available. The spreads are generally higher, such as a 1.58 pip spread for the EUR/USD pair with market execution and a 1.71 pip spread for instant execution, as per FxPro's August 2020 data. Additionally, FxPro has a cTrader platform with competitive commission-based spreads, where the effective cost for trading the EUR/USD pair is around 1.27 pips. For active traders, FxPro has an Elite account offering that provides generous discounts, yet it still lags behind the premium offerings from some top competitors. FxPro receives a four-star rating for commissions and fees and is ranked 32nd out of 63 brokers in this category.
On the other hand, HFM’s trading costs are also above the industry average, with a standard trading account offering typical spreads of 1.2 pips. The Zero account from HFM presents a slightly more competitive effective spread of 0.7 pips after accounting for commission costs. However, the absence of a specific date range means that these averages could fluctuate. HFM matches FxPro with a four-star rating for commissions and fees but edges ahead slightly with a rank of 31st in the ForexBrokers.com rankings for the Commissions and Fees category.
Both FxPro and HFM offer competitive and well-rounded trading experiences. FxPro stands out with its cTrader platform, providing low spreads with commission-based pricing, while HFM is noted for its Zero account that slightly lowers the effective spread. Though both brokers score equally in expert ratings, HFM nudges ahead in industry rankings, proving beneficial for those prioritizing economical trading costs.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | 0.7 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FxPro and HFM both offer forex trading via CFDs or spot contracts, catering to investors who are interested in currency exchange markets. FxPro provides a broader selection of tradeable symbols with a total of 2249, compared to HFM's 500. However, when it comes to forex pairs, HFM surpasses FxPro, offering 102 pairs as opposed to FxPro's 70. Neither broker provides access to exchange-traded securities on U.S. exchanges, but FxPro offers the option to trade exchange-traded securities on international exchanges, allowing clients to invest in companies like Vodafone listed on the London Stock Exchange, a feature not available with HFM.
Both brokers support copy trading, giving investors the opportunity to replicate trading strategies from seasoned traders. While direct cryptocurrency purchases are not possible through either broker, both offer access to cryptocurrency derivatives. Despite their different offerings, both brokers have been rated four stars for their range of investments, with FxPro ranked 28th and HFM ranked 36th out of 63 brokers by ForexBrokers.com. This positions FxPro slightly ahead in terms of overall investment options, despite the more extensive forex pair selection by HFM.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 500 |
| Forex Pairs (Total) | 70 | 102 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Both FxPro and HFM offer a wide array of trading platforms and tools, making them accessible to traders at all experience levels. Each broker provides a free virtual demo account, allowing users to hone their skills in simulated trading environments. FxPro and HFM have created their own proprietary trading platforms and offer Windows-based desktop downloads alongside web-based trading platforms, catering to various user preferences. They also support popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling advanced charting and algorithmic trading. Copy trading is available with both brokers, providing diverse avenues for traders to explore and implement strategies. However, neither offers DupliTrade or ZuluTrade.
When it comes to charting tools, FxPro includes 25 drawing tools, while HFM provides slightly more with 30 options, enhancing the analytical capabilities for chart enthusiasts. Both allow traders to execute trades directly from stock charts, streamlining the trading process. For watch lists, FxPro offers 6 columns, and HFM offers 7, giving users a robust framework for monitoring their investments. Despite receiving equal ratings of 4 stars out of 5 for their trading platforms and tools, FxPro is ranked higher at #17, compared to HFM's #42 position out of 63 brokers reviewed by ForexBrokers.com. This suggests that while both brokers offer competitive trading solutions, FxPro may provide a slightly superior overall experience.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| 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) | 53 | 15 |
| Charting - Drawing Tools (Total) | 25 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing FxPro and HFM for their mobile trading apps, both brokers offer apps for iPhone and Android users, ensuring that you can trade on the go no matter your device. Each app provides the ability to receive stock or forex price alerts and supports drawing trendlines on charts. Both platforms also allow users to view charts across multiple time frames, such as daily, weekly, or intraday, and they auto-save chart drawings. Creating a watchlist with real-time quotes is another feature available on both apps.
However, there are some differences between the two. FxPro's app supports watchlist symbol syncing, allowing watchlists to seamlessly update across mobile and online accounts, whereas this feature is not available with HFM. When it comes to technical studies for charting, FxPro offers 65 options, considerably more than HFM's 30. In terms of user ratings, FxPro's mobile app scores 4.5 out of 5 stars, while HFM's app earns 4 stars. ForexBrokers.com ranks FxPro at #15 and HFM at #39 out of 63 brokers in the Mobile Trading Apps category, indicating a higher level of user satisfaction and functionality with FxPro's offering.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 market research tools between FxPro and HFM, both brokers offer daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters. FxPro provides technical analysis tools from Trading Central and a sentiment-based trading tool to help guide traders. However, it does not offer tools from Autochartist, a feature that HFM provides, though it lacks Trading Central offerings. Unfortunately, neither broker offers market research tools from TipRanks or Acuity Trading. Both FxPro and HFM also supply an economic calendar for tracking global events that might impact trading.
Looking at research ratings, both FxPro and HFM earn a respectable 4 out of 5 stars. However, HFM edges out FxPro slightly in rank by ForexBrokers.com, coming in at #20 compared to FxPro’s #26 among 63 brokers. This subtle difference may influence those seeking a broker with a slightly higher standing in market research capabilities. Nonetheless, both brokers provide valuable tools and information to support informed trading decisions.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, both FxPro and HFM show dedication to helping newcomers in the trading world. Both brokers offer a variety of educational materials such as articles, videos, and archived webinars specifically focused on forex and CFDs. FxPro and HFM provide at least 10 beginner-friendly educational videos suited for those starting out in trading. While FxPro does not host monthly educational webinars, HFM makes up for this by offering them regularly, giving clients new learning opportunities each month; both brokers maintain a searchable archive of recorded webinars for ongoing education.
In terms of more advanced learning, HFM surpasses FxPro by providing a series of videos geared toward experienced traders, whereas FxPro does not have such a collection for advanced learners. Both platforms enhance learning further with an investor dictionary that includes over 50 investing terms to support the educational journey. Rated four stars for education by ForexBrokers.com, FxPro ranks higher than HFM, securing the 18th position out of 63 brokers compared to HFM, which is ranked 37th. This reflects FxPro's solid standing in the educational domain, though both brokers offer strong resources for beginners embarking on their trading journeys.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FxPro is better than HFM. FxPro finished with an overall rank of #21, while HFM finished with an overall rank of #30.
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).
| Feature |
FxPro
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HFM
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| Trust Score | 93 | 86 |
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Both FxPro and HFM provide the opportunity to trade cryptocurrency derivatives but do not offer the ability to purchase actual delivered cryptocurrency.
In a comparison of online brokers, FxPro provides a wider range of deposit and withdrawal options, including ACH, SEPA transfers, and PayPal alongside supporting Skrill, Visa/Mastercard, and bank wires, whereas HFM offers Skrill, Visa/Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | FxPro | HFM | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HFM Review |
| Broker Screenshots | FxPro | HFM | |
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| Regulation | FxPro | HFM | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | HFM | |
|---|---|---|---|
| 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 | Yes | |
| 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) | FxPro | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 500 | |
| Forex Pairs (Total) | 70 | 102 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.7 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | HFM | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | HFM | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 15 | |
| Charting - Drawing Tools (Total) | 25 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | HFM | |
|---|---|---|---|
| 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 | FxPro Review | HFM Review |
| Overall | FxPro | HFM | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HFM Review |
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