HFM vs TeleTrade 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 TeleTrade.
Does HFM or TeleTrade 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, HFM offers better pricing overall for traders.
Is HFM or TeleTrade 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 2 global Tier-1 licenses, while TeleTrade holds 1. HFM holds 3 global Tier-2 licenses, while TeleTrade holds 0. In our analysis of 23 international regulators across 50 brokers, HFM (86) earned a higher Trust Score than TeleTrade (71).
Which trading platform is better: HFM or TeleTrade?
To compare the trading platforms of both HFM and TeleTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HFM offers a better experience. With research, HFM offers superior market research. Finally, we found TeleTrade 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 TeleTrade offer MetaTrader 4 (MT4).HFM and TeleTrade both offer copy trading.
How many forex pairs and CFDs are available to trade?
TeleTrade provides traders 61 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, HFM offers traders access to 3500 CFDs while TeleTrade has 500 available CFDs, a difference of 3000.
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.
Can I trust TeleTrade?
TeleTrade is not publicly traded and does not operate a bank. TeleTrade is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and zero Tier-4 regulators (High Risk). TeleTrade is authorised by the following tier-1 regulator: European Union Authorized (MiFID).
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.
Is TeleTrade good?
TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.
Overall winner: HFM
Popular Forex Reviews
Popular Forex Guides
announcementPlease note:
We review each brokerโs overall global offering โ a โYesโ 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.