Written by ForexBrokers.com
In this head to head comparison of HFM vs FXPrimus, 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.
When considering how trustworthy online brokers HFM and FXPrimus are, it's important to look at their regulatory standings and Trust Scores. HFM, founded in 2010, holds a ForexBrokers.com Trust Score of 86, placing it in the 'trusted' category. It boasts two highly trusted Tier-1 licenses and three trusted Tier-2 licenses. In contrast, FXPrimus, which was established in 2009, has a Trust Score of 71, indicating an average risk level as per ForexBrokers.com ratings. FXPrimus holds one Tier-1 license but does not possess any Tier-2 licenses.
Neither HFM nor FXPrimus is publicly traded on any stock exchange, and neither operates as a bank. These factors might also be important for assessing their overall trustworthiness. However, their respective regulatory credentials and Trust Scores provide a clear picture, underscoring HFM’s more secure footing with its additional licenses and higher trust rating compared to FXPrimus.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing HFM and FXPrimus, both brokers offer competitive ratings for their commissions and fees, each earning 4 out of 5 stars. However, the specific details regarding their trading costs highlight some differences. HFM is known for its slightly above average trading costs in the industry. For their standard trading accounts, they report a typical spread of 1.2 pips. They also offer a Zero account, which has an effective spread of 0.7 pips after commission. It's important to note, however, that these figures are not necessarily average spreads over specific periods, which might indicate potential variations in costs.
On the other hand, FXPrimus doesn't provide average spread data, which could make it challenging for traders to gauge typical trading costs up-front. Despite the lack of average spread information, FXPrimus shares a similar 4-star rating with HFM in terms of overall cost effectiveness according to ForexBrokers.com. This suggests that both brokers are relatively on par regarding their commissions and fees offerings.
In a broader contest, HFM holds a slightly higher ranking, placed at #31 out of 62 brokers by ForexBrokers.com in the Commissions and Fees category. FXPrimus follows at #42 in the same category. This ranking indicates that while HFM might offer a slight edge in terms of perceived value in trading costs, both brokers still maintain favorable positions within the competitive landscape of online trading platforms.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, HFM and FXPrimus both offer a solid selection of trading options, although there are notable differences in their offerings. Both brokers provide forex trading in the form of CFDs or spot contracts, catering to traders interested in currency markets. However, HFM boasts a much larger array of tradeable symbols, with 500 options compared to FXPrimus's 140. When focusing on forex pairs specifically, HFM also has the edge with 102 pairs available, more than doubling FXPrimus’s 42. Despite offering crypto derivative trading, neither broker allows clients to buy actual cryptocurrencies or exchange-traded securities, whether on U.S. or international markets. Both platforms, however, do offer copy trading services.
Looking at ratings and rankings, there's a clear distinction in perceived investment range quality. ForexBrokers.com ranks HFM at #36 among 62 brokers for the range of investments, while FXPrimus lands at #59. Correspondingly, this is reflected in their respective ratings: HFM achieves a 4-star rating, surpassing FXPrimus which holds a 3.5-star rating. Overall, HFM seems to present a more diverse range of trading options, potentially offering more opportunities for traders seeking variety.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 140 |
| Forex Pairs (Total) | 102 | 42 |
| 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 it comes to trading platforms and tools, both HFM and FXPrimus provide a comprehensive range of features designed to meet the needs of traders. They both offer simulated trading through free virtual demo accounts and have developed proprietary platforms. Additionally, each broker supports popular options like Windows-based desktop downloads, web-based platforms, and the widely-used MetaTrader 4 and MetaTrader 5. Both HFM and FXPrimus facilitate trading directly from stock charts and offer copy trading; however, neither broker supports DupliTrade or ZuluTrade. Though HFM and FXPrimus are similarly equipped, there are some differences in the tools they provide. HFM edges ahead with 30 charting drawing tools, doubling FXPrimus's 15 tools. However, both share an equal number of fields for watch lists at 7 each.
In terms of their platform and tool ratings, HFM and FXPrimus both receive 4 stars, but they stand apart in their rankings by ForexBrokers.com, sitting at #42 and #49 out of 62 brokers, respectively. This slight difference might influence a trader's decision when selecting a platform based on industry recognition. Regardless, both brokers maintain a well-rounded selection of tools and platforms to support traders at various levels of experience. Whether you prioritize advanced charting tools like those offered by HFM or prefer reliability and established reputation, both these platforms supply the foundational elements needed for successful online trading.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HFM and FXPrimus provide mobile trading apps available on iPhone and Android, catering to users who are always on the go. If you trade forex or stocks on your phone, both apps have essential features such as price alerts and the ability to draw trendlines on charts. Both apps include 30 technical studies for charting, and they allow you to switch between different time frames like daily, weekly, or intraday views. Auto-saving chart drawings is another common feature they offer, which ensures your technical analysis is preserved.
While both HFM and FXPrimus let you craft watchlists with real-time quotes, they do not support the syncing of watchlists with an online account. Rated with four stars for their mobile trading apps, HFM nudges ahead with a ranking of #39 compared to FXPrimus at #47, out of 62 brokers as per ForexBrokers.com. Both trading apps have strong foundational features, but HFM is slightly better positioned in the rankings, which might be a deciding factor for some traders.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 online brokers HFM and FXPrimus in terms of market research offerings, HFM appears to have a competitive edge. Both brokers provide daily market commentary and maintain economic calendars that highlight key global events. However, HFM stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, which FXPrimus does not provide. Additionally, HFM offers tools from Autochartist for technical analysis, as well as sentiment-based tools that help traders gauge market positions, features that are not available with FXPrimus.
In light of these differences, HFM receives a higher research rating of 4 out of 5 stars compared to FXPrimus, which is rated 3 out of 5 stars. Furthermore, HFM ranks at #20 for research among 62 brokers according to ForexBrokers.com, whereas FXPrimus is positioned at #58. This suggests that HFM may offer a more comprehensive research experience for traders seeking detailed market insights and news access.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 to beginners from HFM and FXPrimus, both brokers offer a wealth of materials with over 10 educational pieces that cover forex and CFD topics. These resources include articles, videos, and archived webinars. Both platforms also provide online webinars for clients, ensuring at least one session per month, and offer a searchable archive of these previous webinars. However, a standout difference lies in their video content aimed at beginners. HFM offers more than 10 beginner-focused educational videos, while FXPrimus does not reach this threshold, making HFM particularly appealing to newcomers seeking structured video content.
For traders looking for more comprehensive learning materials, HFM extends its educational range with advanced content and an investor dictionary that explains over 50 investing terms. FXPrimus falls short in these areas, not meeting the same level of detail in its advanced video offerings or providing an extensive investor glossary. These distinctions contribute to HFM’s higher rating of 4 stars in education compared to FXPrimus’s 3 stars. In the realm of educational resources, HFM holds a better ranking, positioned at #37 compared to FXPrimus at #51 according to ForexBrokers.com, indicating a more favorable educational experience for beginners with HFM.
| Feature |
HFM
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. HFM finished with an overall rank of #30, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both HFM and FXPrimus do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to purchase cryptocurrency derivatives.
Both HFM and FXPrimus do not support ACH or SEPA transfers or PayPal for transactions, but they do offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, providing users with flexible and reliable financial transaction methods.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HFM | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | HFM | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | HFM | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2010 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | HFM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 140 | |
| Forex Pairs (Total) | 102 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HFM | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HFM | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | HFM | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HFM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HFM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill