Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro and HFM are two online brokers that offer competitive services, each with their own strengths in regulatory compliance. FxPro, established in 2006, holds two Tier-1 licenses and one Tier-2 license, contributing to its high Trust Score of 90 out of 99 according to ForexBrokers.com. Despite not being publicly traded or a banking institution, FxPro has gained recognition as a highly trusted broker.
HFM, founded in 2010, matches FxPro with two Tier-1 licenses but surpasses it in Tier-2 licenses with a total of three. This results in a respectable Trust Score of 86, placing HFM within the trusted category. Like FxPro, HFM is neither a publicly traded company nor a bank, but it still offers a secure trading environment for its clients.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FxPro and HFM stand out among online brokers with unique strengths and weaknesses concerning their commissions and fees. FxPro is noted for its offerings through the MetaTrader and cTrader platforms, with pricing notably higher than the industry average. This places FxPro at a disadvantage compared to peers like Pepperstone and IC Markets. With its variable and fixed spread options on the MT4 platform, traders can opt for instant execution with no slippage or market execution with potential slippage. On the cTrader platform, FxPro provides its most competitive spreads with commission-based pricing, such as an effective spread of 1.27 pips on the EUR/USD pair, combining an average spread of 0.37 pips and a 0.9 pip commission equivalent.
HFM, while slightly above the industry average in trading costs, offers a particular appeal with its Zero account, featuring an effective spread of 0.7 pips after commission. However, without a specified date range, these figures do not necessarily represent the average spread. Typical spreads on their standard trading accounts are around 1.2 pips, offering a competitive option, though the complete average could vary. Both brokers provide distinct pricing structures catering to different trading styles and preferences.
When comparing their commissions and fees, both brokers are evenly matched with a 4-star rating. In terms of ranking, ForexBrokers.com places HFM slightly above FxPro, ranking HFM at #31 and FxPro at #32 out of 62 brokers in the Commissions and Fees category. This closely matched rating and ranking reflect the nuanced distinctions in their pricing models, making it essential for traders to consider their specific needs when choosing between the two.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | 0.7 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 choosing between FxPro and HFM for online trading, the range of available investments is a key consideration. Both brokers offer forex trading through CFDs or spot contracts, but FxPro provides a greater abundance of tradeable symbols, boasting 2249 options compared to HFM's 500. While FxPro offers 70 tradeable forex pairs, HFM surpasses this with 102. Neither platform allows for the direct purchase of exchange-traded securities on U.S. exchanges, like Apple shares, though FxPro does offer access to international exchange-traded securities such as those on the London Stock Exchange, which HFM does not.
Both FxPro and HFM support copy trading and offer the ability to trade cryptocurrency derivatives, yet neither facilitates the purchase of actual cryptocurrency. With these features in mind, both brokers receive a solid 4-star rating for their range of investments. However, when ranked among 62 brokers by ForexBrokers.com, FxPro holds a higher position at #28, while HFM is ranked slightly lower at #36.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 500 |
| Forex Pairs (Total) | 70 | 102 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 FxPro and HFM for their trading platforms and tools, both brokers offer a range of similar features. Each provides a free virtual demo account, web-based and Windows-based desktop platforms, and access to MetaTrader 4 and 5. However, neither supports DupliTrade or ZuluTrade. Both brokers also allow for trading directly from charts, though FxPro offers 6 columns for watchlists compared to HFM's 7. In terms of charting tools, FxPro provides 25 drawing tools while HFM offers slightly more with 30.
Both FxPro and HFM are rated four stars out of five for their trading platforms and tools. Despite their identical ratings, FxPro holds a higher rank at #19 compared to HFM's #41 out of 62 brokers according to ForexBrokers.com. This indicates that while these brokers provide similar features, FxPro might offer a slightly better experience for users interested in platform specific tools and functionalities.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| 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) | 53 | 15 |
| Charting - Drawing Tools (Total) | 25 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and HFM, both brokers offer apps for iPhone and Android devices, ensuring accessibility across major platforms. They both support price alerts and provide the capability to draw trendlines and view multiple time frames on stock or forex charts. However, a key difference emerges with watchlist syncing: FxPro allows watchlists in the app to sync with your online account for seamless updates, while HFM lacks this feature. Additionally, FxPro impresses with 65 technical studies available for its mobile app's charting, more than double the 30 offered by HFM.
Both apps auto-save drawings and let you create watchlists with real-time quotes, which are beneficial for active traders. FxPro's mobile app earns a higher rating of 4.5 stars compared to HFM's 4 stars, reflecting a more favorable user experience. Furthermore, from a broader perspective, FxPro is ranked 15th out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, indicating a notable edge over HFM, which is positioned at 39th.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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.
FxPro and HFM both provide valuable resources for traders seeking insightful market research. Both platforms offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They also include sentiment-based trading tools that show the ratio of long or short positions across different currency pairs. Each broker offers an economic calendar to help traders stay informed of global news events. While FxPro incorporates research tools from Trading Central, HFM enhances their offerings with Autochartist's technical analysis tools.
When it comes to ratings, both brokers earn a commendable four stars for research. However, they differ in their rankings; FxPro holds the 27th position, while HFM stands at 20th out of 62 brokers according to ForexBrokers.com. Neither broker currently utilizes tools from TipRanks or Acuity Trading, keeping the focus on their unique strengths in other areas. These insights into FxPro and HFM's research capabilities can help traders make better-informed decisions based on their individual needs.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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.
When it comes to educational resources for beginner traders, both FxPro and HFM offer a solid selection, ensuring at least ten pieces of content focused on forex or CFDs. This includes articles, videos, and archived webinars. While both online brokers provide a comprehensive archive of recorded client webinars, only HFM hosts live educational webinars every month, which could be a boon for beginners seeking interactive learning opportunities.
In terms of video content specifically geared toward novice traders, both brokers succeed with a variety of beginner-friendly videos. However, for those looking to advance beyond the basics, HFM outshines FxPro with its collection of advanced educational videos. Additionally, both brokers provide an investor dictionary containing definitions for over 50 investing terms, catering to those looking to build a solid foundational understanding. Despite these differences, both FxPro and HFM boast a commendable four-star educational rating. However, FxPro leads in popularity, ranking 17th in the Education category according to ForexBrokers.com, compared to HFM's 37th place.
| Feature |
FxPro
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | 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 FxPro is better than HFM. FxPro finished with an overall rank of #21, while HFM finished with an overall rank of #30.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 86 |
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Both FxPro and HFM provide the opportunity to trade cryptocurrency derivatives but do not offer the ability to purchase actual delivered cryptocurrency.
In a comparison of online brokers, FxPro provides a wider range of deposit and withdrawal options, including ACH, SEPA transfers, and PayPal alongside supporting Skrill, Visa/Mastercard, and bank wires, whereas HFM offers Skrill, Visa/Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | FxPro | HFM | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HFM Review |
| Broker Screenshots | FxPro | HFM | |
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| Regulation | FxPro | HFM | |
|---|---|---|---|
| Trust Score | 90 | 86 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | HFM | |
|---|---|---|---|
| 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 | 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) | FxPro | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 500 | |
| Forex Pairs (Total) | 70 | 102 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.7 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | HFM | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | HFM | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 15 | |
| Charting - Drawing Tools (Total) | 25 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | HFM Review |
| Overall | FxPro | HFM | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HFM Review |
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