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HFM vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HFM vs Trade Nation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HFM
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 86
  • Tradeable Symbols (Total): 500
Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000

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.

Regulation

Both HFM and Trade Nation are trustworthy online brokers, offering competitive services to their users. HFM, founded in 2010, and Trade Nation, established in 2014, are not publicly traded companies nor banks, ensuring their primary focus remains on providing reliable trading experiences. Each broker boasts two Tier-1 licenses, which signifies a high level of trust according to ForexBrokers.com. In terms of slightly lower-tiered credibility, HFM holds three Tier-2 licenses compared to Trade Nation's single Tier-2 license.

Regarding trust scores, HFM is rated at 86 out of 99, while Trade Nation slightly trails with a score of 85. These scores place both brokers in the 'trusted' category, with only a minor difference in their ratings. This suggests that both companies are solid choices for traders who prioritize security and regulatory compliance.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Year Founded info 2010 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 2

Fees

When comparing the online brokers HFM and Trade Nation based on their commissions and fees, differences in their pricing structures become apparent. HFM's trading costs are slightly above the industry average. For standard trading accounts, HFM lists a typical spread of 1.2 pips, but since no date range is specified, the average spread might be higher. Their Zero account features an effective spread of 0.7 pips after including commissions, yet this figure does not represent an average.

Trade Nation, on the other hand, provides competitive fixed-spread pricing across all tradable symbols on its proprietary platform, alongside variable-spread pricing on its MetaTrader platform. Most brokers offer variable pricing, but Trade Nation maintains a consistent spread distance as prices are updated. This setup allows Trade Nation's fixed spreads to reflect an average price, except during a daily rollover period when spreads can temporarily widen. Notably, the fixed spread for the EUR/USD pair is listed at 0.6 pips, though it can widen to 1.4 pips during rollover, making the true average closer to 1 pip. Trade Nation offers three main account types, with the TN Trader account generally offering the lowest spreads when considering all-in costs.

In terms of ratings, HFM has been awarded 4 out of 5 stars for commissions and fees, ranking #31 out of 62 brokers per ForexBrokers.com. Trade Nation, however, stands out with a 5-star rating, securing the #7 spot on the same list. This highlights Trade Nation's strong position in offering competitive pricing and transparent fee structures.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.7 info 0.6
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments between HFM and Trade Nation, you'll find some distinct differences and similarities. Both brokers offer forex trading as CFDs, providing flexibility for traders entering the currency markets. HFM provides an extensive selection of 102 tradeable forex pairs, surpassing Trade Nation, which offers 46 pairs. However, Trade Nation compensates by offering a larger overall number of tradeable symbols, boasting a total of 1000 compared to HFM's 500. Both brokers do not provide exchange-traded securities on U.S. or international exchanges, such as shares from major companies like Apple or Vodafone.

In terms of advanced trading options, both HFM and Trade Nation support copy trading, allowing users to mimic successful trading strategies. Additionally, neither platform offers the purchase of actual cryptocurrencies, although they both provide the opportunity to trade cryptocurrency derivatives. When it comes to rankings, HFM receives a slightly higher star rating of 4 stars for its range of investments, compared to Trade Nation's 3.5 stars. Furthermore, HFM is ranked 36th out of 62 brokers in this category by ForexBrokers.com, while Trade Nation sits at 38th, reflecting their nuanced differences in offerings.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 500 1000
Forex Pairs (Total) info 102 46
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing the trading platforms and tools offered by HFM and Trade Nation, both brokers provide similar features that cater to a wide range of traders. Each broker offers a free virtual demo account, allowing users to practice trading without any financial risk. Additionally, both HFM and Trade Nation boast proprietary platforms, and they also offer the popular MetaTrader 4 (MT4) platform. HFM, however, goes a step further by providing MetaTrader 5 (MT5), which Trade Nation does not offer. Both brokers support Windows-based desktop and web-based trading platforms, making it easy for traders to access their accounts from different devices. With regard to copy trading services, both brokers are equally equipped, though neither supports DupliTrade or ZuluTrade.

Charting and customization are key factors for many traders, and here, HFM and Trade Nation diverge slightly. HFM offers 30 drawing tools for charting, while Trade Nation offers a more comprehensive set of 39 tools. Although HFM allows users to trade directly from a stock chart, an option not available with Trade Nation, the latter provides more fields for customizing watch lists, with 14 columns compared to HFM's 7. Both brokers have received a commendable 4-star rating for their trading platforms and tools, and are closely ranked in this category, with HFM at #42 and Trade Nation at #44 out of 62 brokers per ForexBrokers.com. This makes both HFM and Trade Nation solid choices, though specifics of your trading needs may guide your final decision.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 15 115
Charting - Drawing Tools (Total) info 30 39
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 14
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both HFM and Trade Nation offer comprehensive mobile trading apps available for iPhone and Android devices, making them accessible to a wide range of users. Traders with either app can set up stock or forex price alerts and create real-time watchlists, ensuring they stay informed about market changes. Both platforms also allow drawing trendlines on charts and viewing various time frames, whether daily, weekly, or intraday. For those who like to customize their charts, HFM provides 30 technical studies, while Trade Nation offers a wider array with 99 technical studies. Additionally, both apps automatically save chart drawings, a handy feature for those who frequently track price movements.

Trade Nation stands out in watchlist management, with a syncing capability that updates watchlists across both mobile and online accounts, a feature HFM does not offer. Despite this advantage, both brokers share a similar consumer satisfaction level with each receiving a 4-star rating. HFM, however, ranks slightly higher at 39th position compared to Trade Nation’s 45th in ForexBrokers.com’s evaluation among 62 brokers in the mobile trading apps category. Both apps are equipped with essential trading tools, but the choice might come down to user preference, especially regarding charting capabilities and account syncing features.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, both HFM and Trade Nation deliver daily market commentary and provide forex news from top-tier sources like Bloomberg and Reuters. However, a key difference lies in their technical analysis offerings. HFM offers tools from Autochartist, aiding traders with technical and fundamental research, whereas Trade Nation does not provide these resources. Both brokers offer sentiment-based trading tools, displaying a ratio of long and short positions across various instruments, which can be valuable for traders seeking insight into market movements. Neither HFM nor Trade Nation provides research from Trading Central or TipRanks.

Additionally, HFM includes an economic calendar to keep traders informed about global news events, a feature missing from Trade Nation's offerings. Trade Nation, on the other hand, provides research tools from Acuity Trading, which HFM does not. In terms of research ratings, HFM scores 4 stars, ranking #20 out of 62 brokers, while Trade Nation is rated 3.5 stars and ranked #42 by ForexBrokers.com. These ratings highlight HFM’s slight edge in research capabilities, offering a broader range of tools and resources for traders seeking thorough market analysis.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing online brokers HFM and Trade Nation for educational resources tailored to beginners, both platforms offer a wide array of materials to help users get started with forex and CFDs trading. With each broker providing over 10 educational pieces—like articles, videos, and archived webinars—new traders have plenty of content to explore foundational trading concepts. However, HFM has the edge in offering live educational webinars each month, whereas Trade Nation does not. Additionally, both brokers present a solid library of beginner and advanced videos, ensuring that traders at different skill levels can find valuable insights.

For those interested in diving deeper into trading terminologies, both HFM and Trade Nation offer comprehensive investor dictionaries with definitions of over 50 investing terms. While both brokers offer substantial educational resources, HFM holds a slight advantage with a higher education rating of 4 stars compared to Trade Nation's 3.5 stars, based on ForexBrokers.com assessments. HFM also ranks higher for education, coming in at 37th place out of 62 brokers, whereas Trade Nation is ranked at 41st. These distinctions could be influential for beginners when choosing a platform that aligns with their learning preferences.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that HFM is better than Trade Nation. HFM finished with an overall rank of #30, while Trade Nation finished with an overall rank of #34.

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.

Feature HFM logoHFM
Trade Nation logoTrade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 85
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HFM or Trade Nation?

HFM and Trade Nation both provide the capability to trade cryptocurrency derivatives, but neither allows the purchase of actual delivered cryptocurrencies.

What funding options does each broker offer?

Both HFM and Trade Nation do not support ACH or SEPA transfers or PayPal for depositing or withdrawing funds, but they both offer Skrill, Visa/Mastercard, and bank wire options for transactions.




announcementPlease 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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Compare

0 of 5
Overall Rating HFM Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 86 85
Winner check_circle
Review HFM Review Trade Nation Review
Broker Screenshots HFM Trade Nation
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation HFM Trade Nation
Trust Score info 86 85
Year Founded info 2010 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 2
Tier-1 Licenses (Highly Trusted) HFM Trade Nation
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) HFM Trade Nation
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments HFM Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 500 1000
Forex Pairs (Total) info 102 46
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 HFM Trade Nation
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.7 info 0.6
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding HFM Trade Nation
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms HFM Trade Nation
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HFM Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 14
Charting - Indicators / Studies (Total) info 15 115
Charting - Drawing Tools (Total) info 30 39
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading HFM Trade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes No
Research HFM Trade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes No
Education HFM Trade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs HFM Trade Nation
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HFM Review Trade Nation Review
Overall HFM Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 86 85
Winner check_circle
Review HFM Review Trade Nation Review
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