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IG vs HFM (HF Markets) 2021

Is HFM (HF Markets) better than IG? In our analysis of 23 international regulators across 39 brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. IG is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature IG HFM (HF Markets)
Overall 5 4
Commissions & Fees 4.5 3.5
Offering of Investments 5 4
Platforms & Tools 5 3.5
Mobile Trading Apps 5 4
Research 5 4
Education 5 3.5
Trust Score 99 85
IG Review HFM (HF Markets) Review
75% of retail CFD accounts lose money 72.03% of retail CFD accounts lose money
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Regulation

Feature IG HFM (HF Markets)
Trust Score 99 85
Year Founded
1974 2010
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
7 1
Tier-2 Licenses
2 3
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature IG HFM (HF Markets)
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
CBI Authorised (Ireland)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No
FMA Authorised (New Zealand)
Yes No

Tier-2 Licenses (Average Trust)

Feature IG HFM (HF Markets)
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
Yes Yes

Tier-3 Licenses (Low Trust)

Feature IG HFM (HF Markets)
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) Yes No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No Yes
VFSC Authorised (Vanuatu)
No No

Investments

Feature IG HFM (HF Markets)
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
19537 1066
Forex Pairs (Total)
100 47
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Social Trading / Copy-Trading
Yes Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Crypto Disclaimer (UK) 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

Feature IG HFM (HF Markets)
Average Spread EUR/USD - Standard
0.828 (September 2021) 1.2 (August 2021)
All-in Cost EUR/USD - Active
0.365 (May 2020) 0.9 (August 2021)
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
Yes No
Execution: Market Maker
Yes No

Funding

Feature IG HFM (HF Markets)
Minimum Deposit
£250.00 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature IG HFM (HF Markets)
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature IG HFM (HF Markets)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 7
Charting - Indicators / Studies (Total)
32 15
Charting - Drawing Tools (Total)
20 30
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No No

Mobile Trading

Feature IG HFM (HF Markets)
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
32 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature IG HFM (HF Markets)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature IG HFM (HF Markets)
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature IG HFM (HF Markets)
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

Overall

Feature IG HFM (HF Markets)
Overall 5 4
Commissions & Fees 4.5 3.5
Offering of Investments 5 4
Platforms & Tools 5 3.5
Mobile Trading Apps 5 4
Research 5 4
Education 5 3.5
Trust Score 99 85
IG Review HFM (HF Markets) Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HFM (HF Markets) vs IG.

Does HFM (HF Markets) or IG offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is HFM (HF Markets) or IG safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while HFM (HF Markets) holds 1. HFM (HF Markets) holds 3 global Tier-2 licenses, while IG holds 2. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than HFM (HF Markets).

Which trading platform is better: HFM (HF Markets) or IG?
To compare the trading platforms of both HFM (HF Markets) and IG, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. HFM (HF Markets) and IG both offer copy trading. Both HFM (HF Markets) and IG offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
IG provides traders 100 currency pairs (e.g., EUR/USD) compared to HFM (HF Markets)'s 47 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while HFM (HF Markets) has 1066 available CFDs, a difference of 18,471.

Can I trust HFM (HF Markets)?
HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Is HFM (HF Markets) good?
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average, and its HF mobile app does not yet support trading.

Is IG good?
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Overall winner: IG

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IG - 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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