Comparison of FXTM and HFM
| Feature | FXTM | HFM |
|---|---|---|
| Broker | ||
| Year Founded | 2011 | 2010 |
| Broker Type | ECN | MM, STP |
| Dealing | A-book | B-book, A-book |
| Execution | Market | Market |
| Regulation | CySEC, FSCA, FCA, FSC, CMA | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⮕ Average | ⮕ Average |
| Maximum Leverage | 1:2000 | 1:2000 |
| Minimum Deposit | $200 | $1 |
| Base Currencies | USD, EUR, GBP | USD, EUR, JPY, NGN |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH) | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, BitPay, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT) |
| Inactivity Fee | $5 per month after 6 months | $5 per month after 6 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FXTM Review | HFM Review |
About FXTM
FXTM, or ForexTime, is a globally recognized forex and CFD broker established in 2011. Known for its beginner-friendly approach, FXTM combines robust trading platforms, competitive pricing, and a variety of account types to cater to both novice and seasoned traders. The broker operates under the regulation of several trusted authorities, including CySEC, FCA, and FSCA, ensuring a secure and transparent trading environment. With a focus on education, FXTM provides an extensive library of resources, from webinars to market analysis, making it an excellent choice for traders looking to build their skills.
Pros
- Regulated by multiple authorities (CySEC, FCA, FSCA, etc.)
- Wide variety of account types, including micro and ECN accounts
- Excellent educational resources, including webinars and market analysis
- Supports MetaTrader 4 and MetaTrader 5 for advanced trading
- Low minimum deposit for micro accounts, making it beginner-friendly
Cons
- Restrictions on clients from specific regions
- Limited range of proprietary trading tools compared to competitors
- Occasional delays in customer support response during peak hours
About HFM
HFM, previously known as HotForex, is a well-established online forex and CFD broker, renowned for its diverse range of trading instruments, competitive pricing, and user-friendly platforms. Founded in 2010, the broker is regulated by multiple reputable authorities, including the FCA, CySEC, and FSCA, ensuring a high standard of security and transparency for its clients. With access to over 1000 tradable assets, including forex, indices, commodities, and shares, HFM caters to both beginner and experienced traders, providing a seamless trading experience through platforms like MetaTrader 4, MetaTrader 5, and its proprietary app. One of HFM's standout features is its flexible account options, which include a zero-spread account for cost-conscious traders and a micro account for those looking to start small. The broker also offers robust educational resources, free market analysis, and a suite of advanced tools to support informed trading decisions. Coupled with tight spreads, swift execution, and responsive customer support available 24/5, HFM continues to solidify its reputation as a reliable choice for traders across the globe.
Pros
- Regulated by top-tier authorities (CySEC, FCA, FSCA, etc.)
- Wide range of Instruments
- Flexible account options
- Comprehensive educational resources
- Responsive customer support
Cons
- Inactivity fees
- Limited availability in some countries
FXTM & HFM Regulation
| Feature | FXTM | HFM |
|---|---|---|
Companies | Forextime Ltd (CY), Forextime Ltd (UK), Exinity UK Ltd, Exinity Limited, Exinity Capital East Africa Limited | HF Markets (SV) Ltd, HF Markets SA (PTY) Ltd, HF Markets (Seychelles) Ltd, HF Markets Fintech Services Ltd, HF Markets (Europe) Ltd, HF Markets (UK) Ltd, HF Markets (DIFC) Ltd, HFM Investments Ltd |
Countries | Cyprus, United Kingdom, Mauritius, Kenya | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
Regulators | CySEC, FSCA, FCA, FSC, CMA | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FXTM | HFM |
|---|---|---|
STP Account | ||
| Account Name | — | Premium |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.2 |
| Fee | — | No |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
ECN Account | ||
| Account Name | Advantage Plus | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.5 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
Zero Account | ||
| Account Name | Advantage | Zero |
| Min Deposit | $200 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $7 per 1 lot | $6 per 1 lot |
| Max Leverage | 1:2000 | 1:2000 |
| Stop Out | 50% | 20% |
| Margin Call | 80% | 50% |
Cent Account | ||
| Account Name | — | Cent |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.2 |
| Fee | — | No |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FXTM | HFM |
|---|---|---|
Base currencies | USD, EUR, GBP | USD, EUR, JPY, NGN |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH) | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, BitPay, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT) |
Inactivity fee | $5 per month after 6 months | $5 per month after 6 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FXTM | HFM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 200 ms | 2000 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | average |
Trading Assets
| Asset | FXTM | HFM |
|---|---|---|
Currencies | 48 | 53 |
Indices | 13 | 11 |
Stocks | 640 | 95 |
Cryptocurrencies | 11 | 40 |
Bonds | 0 | 3 |
Metals | 3 | 6 |
Energies | 3 | 2 |
Soft Commodities | 0 | 5 |
ETFs | 0 | 33 |
Education and Analytics
| Feature | FXTM | HFM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Contests
| Feature | FXTM | HFM |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
- Virtual to RealStart Balance: $10000 · Prize Pool: $3,500 · Period: MonthlyLearn More
Customer Support
| Contact | FXTM | HFM |
|---|---|---|
Email | support@fxtm.com | support@hfm.com |
Phone | +442037341025 | +442030978571 |
Telegram | Telegram | Telegram |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing FXTM and HFM, HFM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.