Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs HFM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FinecoBank, established in 1999, offers a high level of trust with its ForexBrokers.com Trust Score of 94 out of 99, placing it in the highly trusted category. FinecoBank is a publicly traded bank, adding an extra layer of reliability. It holds two Tier-1 licenses, which underscores its compliance with top-tier financial regulations. While FinecoBank doesn't hold any Tier-2 licenses, its reputation and regulatory standing remain strong and appealing for investors who prioritize trust and stability.
In contrast, HFM, founded in 2010, carries a ForexBrokers.com Trust Score of 86, marking it as a trusted broker but slightly below FinecoBank's standing. Although not a bank or publicly traded, HFM balances its regulatory profile with two Tier-1 licenses and an additional three Tier-2 licenses, indicating a commitment to regulatory adherence. This mix provides potential clients with a sense of security while engaging with their platform.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing FinecoBank to HFM in terms of commissions and fees, it's clear there are distinct differences. FinecoBank does not provide average spread data for forex and CFD trading, which complicates evaluating its true costs. The broker lists a EUR/USD spread of 1 pip, and in some cases, 0.8 pips. However, these figures are not averages, as no date range is specified, indicating potential fluctuations. Although Fineco might offer more attractive spreads on index CFDs, its forex spreads appear higher compared to typical offerings from other brokers. These factors contribute to its rating of 3.5 stars, placing it at #50 out of 62 brokers in the commissions and fees category, as per ForexBrokers.com.
In contrast, HFM's trading costs hover slightly above what's considered average in the industry. For its standard trading accounts, HFM typically offers a 1.2 pip spread, though this too lacks a defined date range, casting uncertainty on its consistency. The Zero account extends a more competitive effective spread of 0.7 pips after accounting for commission, yet this isn't an average value either. Despite these ambiguities, HFM earns a higher rating of 4 stars and ranks #31 out of 62 brokers in the same category according to ForexBrokers.com.
Overall, HFM appears to offer a more appealing option for traders concerned with commissions and fees, given its higher star rating and better ranking. However, potential clients of either broker should carefully consider the lack of average spread data and explore further to determine the best fit for their trading needs.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FinecoBank and HFM in terms of their available range of investments, FinecoBank stands out with its extensive offerings. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, allowing investors a broad spectrum of choices to diversify their portfolios. Notably, FinecoBank also enables clients to trade exchange-traded securities on both U.S. and international markets, letting them invest in well-known companies like Apple and Vodafone directly rather than through CFDs. This comprehensive array of investment options earns FinecoBank a 4.5-star rating in the category of Range of Investments, outperforming many competitors by ranking 16th out of 62 brokers according to ForexBrokers.com.
On the other hand, HFM offers a smaller variety of investment options, with 500 tradeable symbols. However, it supports 102 forex pairs, providing more forex trading opportunities compared to FinecoBank. HFM also features copy trading, which is beneficial for those looking to mimic the trades of successful investors. Cryptocurrency enthusiasts might find some appeal in HFM’s ability to trade cryptocurrency derivatives, though it doesn't offer the purchase of actual digital currencies. With these offerings, HFM receives a 4-star rating for its Range of Investments and is ranked 36th among brokers. Overall, while HFM has some unique features, FinecoBank offers a more comprehensive range of investment opportunities to investors.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 500 |
| Forex Pairs (Total) | 54 | 102 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
FinecoBank and HFM each present a variety of trading platforms and tools that cater to different types of investors. Both brokers offer proprietary platforms, Windows-based desktop platforms, and web-based trading portals, ensuring flexibility and accessibility for their users. However, there are notable differences: HFM provides a free simulated trading option, which is beneficial for beginners wanting to practice without risk, while FinecoBank lacks this feature. Enthusiastic copy traders should consider HFM, known for its well-rounded capabilities including MetaTrader 4 and 5, which FinecoBank does not offer. Furthermore, HFM shines with their 30 drawing tools compared to FinecoBank's 7, and it allows direct trading from stock charts, a feature absent in FinecoBank.
Despite these differences, both brokers receive a solid four out of five stars for their trading platforms and tools. FinecoBank holds a higher ranking at #18, while HFM is at #42 according to ForexBrokers.com, which might sway experienced traders inclined towards higher-ranked platforms. Whether you're a novice or seasoned trader, understanding what each broker excels at can guide your decision. FinecoBank seems suitable for those comfortable with a more straightforward setup, whereas HFM caters to those needing more advanced functionalities and customization options.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 7 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and HFM both offer mobile trading apps available for iPhone and Android devices, providing traders with convenient access to stock and forex markets on the go. Both apps support notifications for stock or forex price alerts, ensuring users remain updated on market movements. FinecoBank's app provides charting capabilities with six technical studies, but it lacks a trendline drawing feature. On the other hand, HFM’s mobile app is more feature-rich in this regard, offering 30 technical studies and the ability to draw and auto-save trendlines on charts. Both apps allow users to view various time frames like daily, weekly, or intraday to suit individual trading strategies. However, neither broker supports syncing watchlist symbols between devices and online accounts.
When it comes to creating a watchlist with real-time quotes, FinecoBank's app falls short as it lacks this feature, unlike HFM's app, which does offer real-time quote displays. Despite these differences, both platforms received an overall user rating of four stars for their mobile trading apps. According to ForexBrokers.com rankings, FinecoBank is placed at #42, while HFM is slightly higher at #39 out of 62 brokers for mobile trading services. This suggests that while both apps offer essential trading features, HFM may provide a more comprehensive experience for mobile traders looking for advanced charting capabilities and real-time market data.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FinecoBank and HFM, it becomes clear that each broker has its unique strengths. HFM stands out by providing daily market commentary and offering additional research tools from Autochartist, coupled with a sentiment-based trading tool that reveals long and short positions across various instruments. In contrast, FinecoBank, while not offering these specific features, matches HFM by delivering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, ensuring both brokers deliver high-quality news content to their clients. Both brokers also provide comprehensive economic calendars, keeping traders informed about current and upcoming global news events.
Despite these differences in specific offerings, both FinecoBank and HFM receive a 4-star rating for their research services. However, HFM secures a higher overall position, ranking at #20 compared to FinecoBank's #33 out of 62 brokers, according to ForexBrokers.com. While FinecoBank may appeal to those prioritizing news from elite sources, traders interested in advanced analytical and sentiment tools might find HFM more attractive. Ultimately, both brokers offer valuable resources, but the choice depends on individual preferences and specific trading needs.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between FinecoBank and HFM, there are notable differences. HFM provides a more extensive range of educational content for forex and CFDs, offering over 10 resources like articles, videos, and webinars. In contrast, FinecoBank does not meet this benchmark. Both platforms host regular webinars to help clients learn, but only HFM offers a searchable archive of past webinars, making it easier for newcomers to access previously discussed topics. Both brokers excel in providing at least 10 beginner-focused trading videos, while only HFM also includes 10 advanced videos for the more experienced trader. Additionally, both offer an investor dictionary with over 50 terms, aiding in understanding the market's terminology.
Despite their similar four-star ratings for education, their rankings reflect differing opinions among users. FinecoBank is placed at 49th out of 62 brokers by ForexBrokers.com, lagging behind HFM, which holds the 37th position. This distinction underscores HFM's broader appeal in educational offerings, particularly for those new to trading. Both brokers present useful learning tools, but HFM appears to cater more comprehensively to both beginners and advanced traders in their educational resources.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than HFM. FinecoBank finished with an overall rank of #25, while HFM finished with an overall rank of #30.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 86 |
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When comparing FinecoBank and HFM for cryptocurrency options, FinecoBank does not offer the ability to purchase actual or derivative cryptocurrencies, whereas HFM allows investors to buy cryptocurrency derivatives but not the actual cryptocurrencies.
FinecoBank supports ACH and SEPA transfers and bank wires for fund deposits and withdrawals, while HFM offers a wider range of options including Skrill, Visa, Mastercard, and bank wires, but does not support ACH or SEPA transfers.
Please 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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0 of 5| Overall Rating | FinecoBank | HFM | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HFM Review |
| Broker Screenshots | FinecoBank | HFM | |
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| Regulation | FinecoBank | HFM | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | HFM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 500 | |
| Forex Pairs (Total) | 54 | 102 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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). |
| Cost | FinecoBank | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | HFM | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | HFM | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 7 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | HFM | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | HFM | |
|---|---|---|---|
| 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 | FinecoBank Review | HFM Review |
| Overall | FinecoBank | HFM | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HFM Review |
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