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 stand out among online brokers with unique strengths and weaknesses concerning their commissions and fees. FxPro is noted for its offerings through the MetaTrader and cTrader platforms, with pricing notably higher than the industry average. This places FxPro at a disadvantage compared to peers like Pepperstone and IC Markets. With its variable and fixed spread options on the MT4 platform, traders can opt for instant execution with no slippage or market execution with potential slippage. On the cTrader platform, FxPro provides its most competitive spreads with commission-based pricing, such as an effective spread of 1.27 pips on the EUR/USD pair, combining an average spread of 0.37 pips and a 0.9 pip commission equivalent.
HFM, while slightly above the industry average in trading costs, offers a particular appeal with its Zero account, featuring an effective spread of 0.7 pips after commission. However, without a specified date range, these figures do not necessarily represent the average spread. Typical spreads on their standard trading accounts are around 1.2 pips, offering a competitive option, though the complete average could vary. Both brokers provide distinct pricing structures catering to different trading styles and preferences.
When comparing their commissions and fees, both brokers are evenly matched with a 4-star rating. In terms of ranking, ForexBrokers.com places HFM slightly above FxPro, ranking HFM at #31 and FxPro at #32 out of 62 brokers in the Commissions and Fees category. This closely matched rating and ranking reflect the nuanced distinctions in their pricing models, making it essential for traders to consider their specific needs when choosing between the two.
| 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.
When choosing between FxPro and HFM for online trading, the range of available investments is a key consideration. Both brokers offer forex trading through CFDs or spot contracts, but FxPro provides a greater abundance of tradeable symbols, boasting 2249 options compared to HFM's 500. While FxPro offers 70 tradeable forex pairs, HFM surpasses this with 102. Neither platform allows for the direct purchase of exchange-traded securities on U.S. exchanges, like Apple shares, though FxPro does offer access to international exchange-traded securities such as those on the London Stock Exchange, which HFM does not.
Both FxPro and HFM support copy trading and offer the ability to trade cryptocurrency derivatives, yet neither facilitates the purchase of actual cryptocurrency. With these features in mind, both brokers receive a solid 4-star rating for their range of investments. However, when ranked among 62 brokers by ForexBrokers.com, FxPro holds a higher position at #28, while HFM is ranked slightly lower at #36.
| 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.
When comparing the trading platforms and tools offered by FxPro and HFM, both brokers provide a comprehensive suite of options suited for diverse trading needs. FxPro and HFM each offer a proprietary platform, available as a Windows-based desktop download and a web-based option for browser access. Traders looking for familiarity will appreciate that both brokers support MetaTrader 4 and MetaTrader 5, ensuring access to industry-standard trading experiences. Additionally, both platforms offer simulated trading through free virtual demo accounts, providing newcomers with a risk-free environment to hone their strategies. While both brokers offer copy trading, services like DupliTrade and ZuluTrade are not available from either broker.
In terms of specific tools, HFM edges out with 30 drawing tools compared to FxPro's 25, while also offering slightly more customizable watch lists with 7 columns versus FxPro's 6. However, both allow for direct trading from stock charts, offering convenience and flexibility. FxPro and HFM are equally rated with 4 out of 5 stars for their trading platforms and tools, yet FxPro secures a higher ranking at #17 compared to HFM's #42 in the ForexBrokers.com assessment. This suggests that while both brokers provide strong platform offerings, traders may find a marginal preference for FxPro based on broader comparisons.
| 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 the mobile trading apps of FxPro and HFM, both brokers offer apps for iPhone and Android devices, ensuring accessibility across major platforms. They both support price alerts and provide the capability to draw trendlines and view multiple time frames on stock or forex charts. However, a key difference emerges with watchlist syncing: FxPro allows watchlists in the app to sync with your online account for seamless updates, while HFM lacks this feature. Additionally, FxPro impresses with 65 technical studies available for its mobile app's charting, more than double the 30 offered by HFM.
Both apps auto-save drawings and let you create watchlists with real-time quotes, which are beneficial for active traders. FxPro's mobile app earns a higher rating of 4.5 stars compared to HFM's 4 stars, reflecting a more favorable user experience. Furthermore, from a broader perspective, FxPro is ranked 15th out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, indicating a notable edge over HFM, which is positioned at 39th.
| 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 the market research offerings of online brokers FxPro and HFM, traders can expect both platforms to deliver daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. However, their research tools vary quite a bit. HFM excels in providing tools from Autochartist, offering an edge for those interested in technical and fundamental analysis, a feature that FxPro lacks. On the other hand, FxPro includes tools from Trading Central for those looking for comprehensive technical analytics, a service HFM does not offer.
Both brokers provide sentiment analysis tools, showing the ratio of long and short positions, along with economic calendars to keep traders informed of global events. Despite neither offering research tools from TipRanks or Acuity Trading, both brokers receive a solid 4-star rating for research. However, when ranked among 62 brokers by ForexBrokers.com, HFM leads at #20, slightly ahead of FxPro at #26, indicating HFM’s slight advantage in the research category.
| 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 stand out with their offerings tailored to newcomers in the world of trading. Both platforms provide a comprehensive range of educational materials, including articles, videos, and archived webinars on forex and CFDs. This ensures that newcomers have access to at least 10 essential pieces of educational content. The two brokers also excel in offering beginner-focused video tutorials, helping new traders grasp the basics of trading. Each platform complements these resources with an extensive investor dictionary, providing definitions for over 50 investing terms, thereby helping users build a strong foundational knowledge.
However, there are notable differences. HFM goes a step further with its commitment to client engagement by hosting monthly webinars for interactive learning experiences, while FxPro does not. Additionally, HFM offers more advanced video materials for seasoned traders, an area where FxPro falls short. Despite this, both brokers maintain searchable archives of past webinars. In terms of ranking, FxPro edges out HFM, securing the 18th position compared to HFM's 37th place in the education category among 62 brokers. Both platforms share a commendable four-star rating, highlighting their efficacy in guiding beginners through the trading landscape.
| 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 62 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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|---|---|---|
| Overall Rating |
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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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