HFM vs OctaFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HFM vs OctaFX.
Does HFM or OctaFX 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, OctaFX
offers better pricing overall for traders.
Is HFM or OctaFX 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. HFM holds 1 global Tier-1 licenses, while OctaFX holds 0. HFM holds 3 global Tier-2 licenses, while OctaFX holds 1. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than OctaFX.
Which trading platform is better: HFM or OctaFX?
To compare the trading platforms of both HFM and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OctaFX offers a better experience. With research, HFM offers superior market research. Finally, we found OctaFX 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. Both HFM and OctaFX offer MetaTrader 4 (MT4).HFM and OctaFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
HFM provides traders 47 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, HFM offers traders access to 3500 CFDs while OctaFX has 229 available CFDs, a difference of 3271.
Can I trust HFM?
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 OctaFX?
OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
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, 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 OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: HFM
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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.