FXOpen vs HFM - BrokerCue
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Broker Comparison

FXOpen vs HFM

Compare FXOpen and HFM side by side: fees, regulation, platforms.

FXOpen

FXOpen

Experienced ECN and forex traders

FXOpen is an ECN forex and CFD broker founded in 2005, offering raw spreads from 0.0 pips across forex, indic…

VS
HFM

HFM

Active forex and CFD traders

HFM is a multi-asset CFD and forex broker founded in 2010, regulated across six jurisdictions, offering 1,000…

Head-to-head comparison

FXOpen vs HFM
Feature FXOpen HFM
Minimum deposit - -
Stock trading fee Stock CFDs available; spreads apply -
Regulators FCA, CySEC FCA, CySEC, FSCA, DFSA, CMA, FSA
Best for Experienced ECN and forex traders Active forex and CFD traders
Markets & account
Stocks
ETFs
Forex
CFDs
Crypto
Bonds
-
Futures
-
Margin
Demo Account
Multi Currency
-

Pros & cons

FXOpen

FXOpen

Pros

  • ECN execution with raw spreads from 0.0 pips
  • Commission from $1.50 per lot on ECN accounts
  • Four trading platforms including MT4, MT5, TickTrader and TradingView
  • FCA and CySEC regulated entities
  • Demo account with up to $5,000,000 virtual funds
  • 700+ tradable instruments across forex, indices, stocks, ETFs and crypto
  • Free VPS for eligible high-volume clients
  • PAMM and copy trading available

Cons

  • Inactivity fee of $10 per month after 90 days
  • ASIC license cancelled in September 2024 due to serious regulatory concerns
  • Minimal educational content compared to larger brokers
  • Limited research tools and market analysis
  • Demo account on TradingView not available
  • Wire withdrawal fees apply on some entities
  • Fewer stocks and commodities than some competitors
HFM

HFM

Pros

  • Regulated by FCA, CySEC, FSCA, DFSA, CMA and FSA
  • No minimum deposit on most accounts
  • No deposit or withdrawal fees on standard methods
  • Raw zero-pip spreads available on Zero account
  • Over 1,000 tradable instruments across multiple asset classes
  • Free demo account available
  • Negative balance protection provided
  • Copy trading platform available

Cons

  • Inactivity fee of $5 per month after six months of dormancy
  • Zero account charges $3 per side per lot commission
  • US clients are not accepted
  • No cTrader or TradingView integration
  • EU retail leverage capped at 30:1 on major forex pairs
  • HF Markets EU entity accepts only professional and eligible counterparty clients
FXOpen

FXOpen

FXOpen is an ECN forex and CFD broker founded in 2005, offering raw spreads from 0.0 pips across forex, indices, stocks, ETFs and crypto via MT4, MT5, TickTrader and TradingView.

Visit FXOpen Read review

Your capital is at risk. Other fees apply.

HFM

HFM

HFM is a multi-asset CFD and forex broker founded in 2010, regulated across six jurisdictions, offering 1,000-plus instruments on MT4, MT5 and a proprietary mobile app.

Visit HFM Read review

Your capital is at risk. Other fees apply.

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