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HFM vs Trade Nation 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is HFM better than Trade Nation? In our analysis of 23 international regulators across 62 of the best forex brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Trade Nation is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingHFMTrade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering 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 85 83
Winner check_circle
Review HFM Review Trade Nation Review
RegulationHFMTrade Nation
Trust Score 85 83
Year Founded 2010 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 1 2
Tier-2 Licenses 3 1
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)HFMTrade Nation
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)HFMTrade Nation
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
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 No
Tier-3 Licenses (Low Trust)HFMTrade Nation
SCB Authorised (Bahamas) No Yes
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) Yes No
VFSC Authorised (Vanuatu) No No
InvestmentsHFMTrade Nation
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3500 601
Forex Pairs (Total) 47 33
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostHFMTrade Nation
Average Spread EUR/USD - Standard 1.2 info 0.6
All-in Cost EUR/USD - Active 0.9 info 0.6
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingHFMTrade Nation
Minimum Deposit $5 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsHFMTrade Nation
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsHFMTrade Nation
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 12
Charting - Indicators / Studies (Total) 15 35
Charting - Drawing Tools (Total) 30 95
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingHFMTrade Nation
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 30 95
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes No
ResearchHFMTrade Nation
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationHFMTrade Nation
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Major Forex PairsHFMTrade Nation
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 HFM Review Trade Nation Review
OverallHFMTrade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering 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 85 83
Winner check_circle
Review HFM Review Trade Nation Review
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HFM vs Trade Nation 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 Trade Nation.

Does HFM or Trade Nation 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, Trade Nation offers better pricing overall for traders.

Is HFM or Trade Nation 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. Trade Nation holds 2 global Tier-1 licenses, while HFM holds 1. HFM holds 3 global Tier-2 licenses, while Trade Nation holds 1. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than Trade Nation.

Which trading platform is better: HFM or Trade Nation?

To compare the trading platforms of both HFM and Trade Nation, 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 HFM 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 Trade Nation offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HFM provides traders 47 currency pairs (e.g., EUR/USD) compared to Trade Nation's 33 available pairs. Forex pairs aside, HFM offers traders access to 3500 CFDs while Trade Nation has 601 available CFDs, a difference of 2899.

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 Trade Nation?

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

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 Trade Nation good?

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Overall winner: HFM

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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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