Updated September 29, 2026 · BrokerCue Editorial Team
Hfm Partners vs NAGA
Where Hfm Partners and NAGA differ
| Compare |  Hfm Partners |  NAGA |
|---|---|---|
| Minimum deposit | $5,000 | €50 |
| Markets | Forex, Metals, CFDs | Stocks, ETFs, Forex, CFDs, Futures, Crypto |
| Regulators | Cyprus Securities and Exchange Commission (CySEC), SIPC | Cyprus Securities and Exchange Commission |
| Platforms | MetaTrader 5, HFM WebTrader, HFM Platform | iOS, Android, Web, MetaTrader 5 |
| Stock trade fee | Not confirmed | €3 |
| Retail accounts that lose money | Not confirmed | 70.45% |
| Deposit and withdrawal fees | Not confirmed | No withdrawal fee |
| Interest on cash | Not confirmed | 2.4% |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Hfm Partners scores higher overall: 8.8 vs 8.7.
- Regulators: only Hfm Partners offers Cyprus Securities and Exchange Commission (CySEC), SIPC.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Hfm Partners is licensed in 1 more country.
- Markets: only Hfm Partners offers Metals.
- Markets: only NAGA offers Stocks, ETFs, Futures.
- Platforms: only Hfm Partners offers HFM WebTrader, HFM Platform.
- Platforms: only NAGA offers iOS, Android, Web.
- Features: only Hfm Partners offers Demo account.
- Features: only NAGA offers Crypto, Copy trading.
Our verdict on each
Hfm Partners
Hfm Partners suits traders who can fund a larger starting balance, because its minimum deposit of $5,000 sits well above the entry amounts most brokers ask for here. CySEC and SIPC regulation adds cover, while email only support and a focused market list make it a less obvious choice for smaller accounts.
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
Score breakdown
| Area | Hfm Partners | NAGA |
|---|---|---|
| Cost | 8.1 | 8.5HigherStock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 8.8 | 9.1HigherCoverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 9.5Higher | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
Licences and countries
| Country | Hfm Partners | NAGA |
|---|---|---|
| Cyprus | ||
| United States | SIPC SIPC member 71021 | Not confirmed |
Side by side, item by item
| Markets | Hfm Partners | NAGA |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Futures | No | Yes |
| Crypto | No | Yes |
| Metals | Yes | No |
How they place
| Ranking | Hfm Partners | NAGA |
|---|---|---|
| Forex brokers | 76 of 147 | 3 of 147 |
| Low-spread forex brokers | 74 of 145 | 3 of 145 |
| CFD brokers | 64 of 122 | 3 of 122 |
Every fact side by side
| Fact | Hfm Partners | NAGA |
|---|---|---|
| Features | Mobile app, Demo account | Crypto, Copy trading, Mobile app |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Not confirmed |
| Support channels | Not confirmed |
Where each stands against the rest
| Fact | Hfm Partners | NAGA | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | €3above the median | €1 |
| Retail accounts that lose money | Not confirmed | 70.45%below the median | 72.05% |
| Interest on cash | Not confirmed | 2.4%below the median | 3% |
Median across 47 listed brokers.
Pros and cons
Hfm Partners
Pros
- Regulated in Europe and the US under Cyprus Securities and Exchange Commission (CySEC) and SIPC.
- Mobile app and demo account both appear in mobile app and demo account.
- Platform choice spans MetaTrader 5, HFM WebTrader and HFM Platform.
Cons
- The minimum deposit of $5,000 puts it out of reach for small balances.
- Support runs on email only.
- Markets cover forex, metals and cfds only.
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
Who each suits
Hfm Partners
Who it suits
- Traders who can fund $5,000 and put regulation ahead of a low entry amount.
- Focused forex, metals and CFDs traders who want to practise on a demo account.
- EU traders covered by investor protection stated as EU ICS up to EUR 20,000.
Who should look elsewhere
- Anyone starting small: CFI asks a minimum deposit of $0.
- Traders wanting a wider market list, where eToro covers stocks, etfs and forex.
- Low balance traders who prefer a smaller entry: Vantage asks $5.
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
Country by country
| Country | Hfm Partners | NAGA |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 30 countries where either is available.
Questions about each
Hfm Partners
What is the minimum deposit at Hfm Partners?+
The stated minimum deposit is $5,000. CFI starts at $0 and Vantage at $5, so Hfm Partners sits at the heavy end of the range compared here. Anyone starting with a smaller balance would be better served by one of those.
Who regulates Hfm Partners?+
Regulation runs through Cyprus Securities and Exchange Commission (CySEC) and SIPC. The Cyprus licence reads 183/12 and the US membership SIPC member 71021. These are separate registrations in separate countries, so the entity your account sits under decides who supervises it.
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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