Updated September 29, 2026 · BrokerCue Editorial Team
Hfm Partners vs Spreadex
Where Hfm Partners and Spreadex differ
| Compare |  Hfm Partners |  Spreadex |
|---|---|---|
| Minimum deposit | $5,000 | £0 |
| Markets | Forex, Metals, CFDs | Stocks, Forex, CFDs, Options, Spread betting |
| Regulators | Cyprus Securities and Exchange Commission (CySEC), SIPC | Financial Conduct Authority (FCA), UK Gambling Commission |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Platforms | MetaTrader 5, HFM WebTrader, HFM Platform | Web, Mobile |
| Stock trade fee | Not confirmed | £0 |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 61% |
| EUR/USD spread | Not confirmed | 0.6% |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
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Key differences
- Spreadex scores higher overall: 9.3 vs 8.8.
- Regulators: only Hfm Partners offers Cyprus Securities and Exchange Commission (CySEC), SIPC.
- Regulators: only Spreadex offers Financial Conduct Authority (FCA), UK Gambling Commission.
- Hfm Partners is licensed in 1 more country.
- Markets: only Hfm Partners offers Metals.
- Markets: only Spreadex offers Stocks, Options, Spread betting.
- Platforms: only Hfm Partners offers MetaTrader 5, HFM WebTrader, HFM Platform.
- Platforms: only Spreadex offers Web, Mobile.
- Support channels: only Hfm Partners offers Email.
- Support channels: only Spreadex offers Phone, Help centre.
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.
Spreadex
Spreadex suits UK traders who want to deal shares without a trade commission, with the same account carrying forex, CFDs, options and spread betting. Regulated in the UK with FSCS investor protection, it ranks 1 of 161 brands on stock trade fees, which sit at £0.
Score breakdown
| Area | Hfm Partners | Spreadex |
|---|---|---|
| Cost | 8.1 | 9.4HigherThe minimum deposit is £0, inactivity is $0 and the EUR/USD spread is 0.6%. |
| Offer | 8.8 | 9.1Higher |
| Trust | 9.5Higher | 9.4 |
Availability and regulation
| Country | Hfm Partners | Spreadex |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 71021 | Not confirmed |
What each covers
| Markets | Hfm Partners | Spreadex |
|---|---|---|
| Stocks | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Options | No | Yes |
| Metals | Yes | No |
| Spread betting | No | Yes |
Where these facts come from
Hfm Partners
- hfeu.com: 7 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Spreadex
- spreadex.com: 9 facts, checked September 26, 2026
- forexsuggest.com: 2 facts, checked September 26, 2026
- fxempire.com: 2 facts, checked September 26, 2026
- fxscouts.com.au: 2 facts, checked September 26, 2026
- topbrokers.com: 1 fact, checked September 26, 2026
How they place
| Ranking | Hfm Partners | Spreadex |
|---|---|---|
| Forex brokers | 76 of 147 | 34 of 147 |
| Low-spread forex brokers | 74 of 145 | 32 of 145 |
| CFD brokers | 64 of 122 | 26 of 122 |
Every fact side by side
| Fact | Hfm Partners | Spreadex |
|---|---|---|
| Features | Mobile app, Demo accountCovers more | Mobile app |
| Pricing model | Not confirmed | Commission free, Low fees |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Spreadex Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 1999 |
| Support channels | Phone, Help centre |
Where each stands against the rest
| Fact | Hfm Partners | Spreadex | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | £0at the median | £0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | Not confirmed | 61%lowest quarter | 72.05% |
| EUR/USD spread | Not confirmed | 0.6%below the median | 0.65% |
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.
Spreadex
Pros
- Shares cost £0 to buy and sell, and the pricing model is commission free and low fees.
- A single account covers stocks, forex and cfds, so shares, forex, CFDs, options and spread betting sit side by side.
- Trading runs on Web and Mobile platforms, and a mobile app is part of the feature set.
Cons
- Support runs on phone and help centre only, with no live chat or email listed.
- The risk warning puts 61% of retail accounts losing money.
- The market list runs stocks, forex and cfds, with no crypto, funds or bond offering.
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.
Spreadex
Who it suits
- UK residents who want to deal shares without a per-trade commission.
- Traders who want forex, CFDs, options and spread betting in the same account.
- Anyone who values a long operating history: Spreadex has run from the UK since 1999.
Who should look elsewhere
- Vantage, for anyone who prefers a stated minimum deposit of $5 to a free entry.
- CFI, whose minimum deposit is quoted in dollars at $0.
- Anyone who wants live chat or email support, because Spreadex lists phone and help centre only.
Country by country
| Country | Hfm Partners | Spreadex |
|---|---|---|
| United Kingdom | No | Yes |
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.
Spreadex
What does it cost to deal shares on Spreadex?+
Stock trades are £0, and the pricing model is listed as commission free and low fees. Spreadex ranks 1 of 161 brands on stock trade fees, so share dealing sits at the cheaper end of what brokers charge.
Is there a minimum deposit at Spreadex?+
The minimum deposit is £0, so an account can be opened and funded with a small balance. Spreadex ranks 1 of 213 brands on minimum deposit, worth weighing against brokers that ask for a starter amount.
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