Written by ForexBrokers.com
In this head to head comparison of HFM vs FXGT.com, 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.
HFM and FXGT.com are both online brokers with reputations that are outlined by their respective trust scores and regulatory statuses. Founded in 2010, HFM has established a higher trust score rating of 86 out of 99 on ForexBrokers.com, placing it in the "trusted" category. It holds two Tier-1 licenses, which are highly trusted, and three Tier-2 licenses. This combination offers a strong foundation for assurance and reflects its established presence in the industry. Meanwhile, FXGT.com, which entered the market later in 2019, has a trust score of 69, indicating a higher risk level. FXGT.com holds one Tier-1 license and one Tier-2 license, suggesting it is still in the process of building consumer trust.
Neither HFM nor FXGT.com is publicly traded or operates as a bank. This dimension is crucial as it highlights their singular focus on brokerage services without the complexities of being a public entity or a financial institution. While both brokers offer online trading solutions, HFM's decade-long experience and expanded regulatory credentials give it a stability advantage among cautious investors. In contrast, FXGT.com might appeal to those willing to explore newer options or who have specific preferences that align with FXGT.com's offerings.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When considering trading costs, HFM offers spreads that are slightly above the industry average. For traders using standard accounts, HFM lists a typical spread of 1.2 pips, though the lack of a specified date range suggests that the average spread could be different. Their Zero account, which includes a commission, boasts an effective spread of 0.7 pips, although this figure also doesn't reflect an average. In terms of fees, HFM receives a solid 4-star rating, placing it at the 31st position out of 62 brokers on ForexBrokers.com.
FXGT.com, on the other hand, does not provide specific average spread data, making direct cost comparisons more challenging. As a result, this might leave traders seeking more transparency in FXGT.com's trading fees. The broker earns a 3.5-star rating for commissions and fees, ranking it 55th out of the 62 brokers evaluated by ForexBrokers.com.
In summary, while HFM offers detailed information on spreads despite being above the industry average, FXGT.com lacks average spread data, which might affect a trader's ability to gauge cost-effectiveness. HFM's higher ranking and rating may appeal to traders prioritizing clarity in trading fees.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the available range of investments between HFM and FXGT.com, both brokers offer a variety of instruments that cater to different trading needs. HFM boasts 500 tradeable symbols, including 102 forex pairs, providing traders with a diverse selection of opportunities. Meanwhile, FXGT.com presents 117 tradeable symbols, consisting of 53 forex pairs, which offers a more straightforward yet limited choice. Both platforms support forex trading through CFDs or spot contracts, providing flexibility for currency traders. Additionally, HFM and FXGT.com support copy trading, enabling users to benefit from the strategies of more experienced traders.
Despite their offerings, neither HFM nor FXGT.com provides the option to trade exchange-traded securities on U.S. or international exchanges. Moreover, both brokers focus on derivatives rather than actual cryptocurrencies, only allowing for cryptocurrency derivatives to be traded. Evaluating these differences, HFM receives a higher rating of 4 stars for its range of investments compared to FXGT.com's 3 stars. HFM also ranks #36 in the Range of Investments category on ForexBrokers.com, placing it ahead of FXGT.com, which stands at #60 out of 62 brokers, highlighting the broader investment options available with HFM.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 117 |
| Forex Pairs (Total) | 102 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | 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.
When comparing the trading platforms and tools offered by HFM and FXGT.com, both brokers provide similar core features that cater to traders of all levels. Each company offers simulated trading through a free virtual demo account, allowing users to practice and develop their strategies without any financial risk. For those who prefer flexibility, both brokers offer trading platforms that can be accessed through Windows-based desktop downloads and web browsers, making it convenient for trades on the go. Options for more advanced users are also available with support for popular platforms like MetaTrader 4 and MetaTrader 5. In addition, both brokers offer copy trading, enabling less experienced traders to mimic the strategies of successful traders.
HFM stands out by providing a proprietary platform developed in-house and offering more drawing tools with 30 available, compared to FXGT.com's 23. This gives HFM an edge for traders who rely on more detailed charting capabilities. Additionally, HFM offers more watch list customization with 7 columns, while FXGT.com provides 5 columns. Both companies allow trading directly from stock charts, enhancing the convenience of executing trades. Despite these differences, both are rated with 4 stars for their trading platforms and tools, though HFM ranks slightly higher at #42 compared to FXGT.com's #56 in a field of 62 brokers according to ForexBrokers.com.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Drawing Tools (Total) | 30 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HFM and FXGT.com provide mobile trading apps for iPhone and Android users, offering essential features like stock or forex price alerts and real-time quotes. Users can draw trendlines and switch between different time frames on stock or forex charts with both apps, which also support auto-saving of chart drawings. While both offer 30 technical studies for charting, a key difference lies in watchlist management. HFM does not support watchlist symbol syncing between the mobile app and online account, whereas FXGT.com does, making it more convenient for traders seeking seamless access across devices.
Despite their similarities, user ratings show a preference for HFM's mobile app, rated 4 out of 5 stars compared to FXGT.com's 3.5 stars. Additionally, HFM ranks higher at 39th place among 62 brokers on ForexBrokers.com, while FXGT.com is ranked 58th. These differences reflect varied user preferences and experiences, offering potential traders insights into which app might better suit their trading style and needs.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers HFM and FXGT.com, it’s clear that HFM shines in several key areas. HFM provides daily market commentary and delivers forex news from top-tier sources like Bloomberg and Reuters, a service FXGT.com does not offer. Additionally, HFM equips traders with technical analysis tools from Autochartist, enhancing its research capabilities, while FXGT.com lacks this integration. Both brokers offer sentiment-based trading tools and economic calendars to keep traders informed about global news events. However, their similarities end there, as HFM has a more comprehensive range of research features.
In terms of ratings, HFM scores higher for its research services with a 4-star rating compared to FXGT.com's 3-star rating. This difference is further highlighted by their rankings on ForexBrokers.com, where HFM stands at #20 out of 62 brokers while FXGT.com is positioned at #56. For traders valuing detailed market insights and tools, HFM clearly presents a more compelling choice based on these factors. Despite the areas of overlap, HFM’s superior offerings make it a standout option in the realm of market research.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners stepping into the world of forex and CFDs, the educational resources offered by online brokers HFM and FXGT.com vary significantly. HFM shines as an educational hub, offering over ten educational pieces such as articles and videos focused on forex and CFDs. Beginners benefit from their monthly online webinars and a comprehensive archive of recorded sessions, which makes catching up easy. HFM also includes a rich selection of over ten beginner-specific and ten advanced trading videos, complimented by a detailed investor dictionary with definitions of more than 50 investing terms. With these resources, HFM has earned a four-star rating for education, ranking 37th out of 62 brokers on ForexBrokers.com.
Conversely, FXGT.com provides a more limited educational offering for beginners. Although it features an investor dictionary similar to HFM, it falls short with less than ten articles or videos on forex and CFDs. FXGT.com does not conduct online educational webinars nor does it provide access to a recorded webinar archive, which might leave those looking for interactive learning wanting more. With no dedicated beginner or advanced video series, FXGT.com receives a lower three-star rating for its educational services, ranking 59th out of 62 brokers by ForexBrokers.com. For those placing a premium on comprehensive educational support, HFM appears to offer more extensive resources.
| Feature |
HFM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 HFM is better than FXGT.com. HFM finished with an overall rank of #30, while FXGT.com finished with an overall rank of #58.
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
| Feature |
HFM
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both HFM and FXGT.com do not provide the option to purchase actual, delivered cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the actual digital assets.
When comparing online brokers HFM and FXGT.com, FXGT.com stands out by offering ACH or SEPA transfers for deposits and withdrawals, which HFM does not, whereas HFM provides the option of using Skrill that FXGT.com lacks, while both brokers support Visa, Mastercard, and bank wires, neither offers PayPal as a funding option.
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 | HFM | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | HFM | FXGT.com | |
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| Regulation | HFM | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | HFM | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | No | |
| 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) | HFM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 117 | |
| Forex Pairs (Total) | 102 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | 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 | HFM | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HFM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HFM | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HFM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HFM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HFM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HFM | FXGT.com | |
|---|---|---|---|
| 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 | HFM Review |
| Overall | HFM | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HFM Review |
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