Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
FP Markets vs HFM
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | FP Markets | HFM |
|---|---|---|
| BrokaBoy score | 8.6/10 | 9.7/10 |
| Trustpilot rating | Trustpilot 4.8 (10,285 reviews) | Trustpilot 4.3 (2,948 reviews) |
| Listed minimum deposit | $100 | $0 |
| Advertised spread from | 0.0 pips | 0.0 pips |
| Advertised maximum leverage | 1:500 | 1:2000 (entity dependent) |
| Regulators | ASIC, CySEC, FSCA, FSA | FCA, CySEC, DFSA, FSCA, CMA, FSA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, IRESS | MetaTrader 4, MetaTrader 5, HFM App, HFcopy |
| Instruments | Forex, Stocks, CFDs, Crypto, Bonds | Forex, Commodities, Indices, Stocks, Bonds, Crypto |
| Account types | Standard, Raw, IRESS | Cent, Micro, Premium, Zero Spread, Auto |
| Founded | 2005 | 2010 |
| Spread type | Raw ECN spreads from 0.0 pips on Raw accounts; Standard accounts use a marked-up spread. | Variable; raw pricing on the Zero Spread account |
| Commission | Roughly $3.00 per lot per side on Raw; none on Standard. IRESS carries a monthly platform fee. | Around $6 per round-turn lot on Zero Spread; none on Micro and Premium |
| Overnight / swap | Daily swap charges with triple rollover on Wednesdays. | Swaps charged on positions held overnight; Islamic swap-free accounts available on request |
| Withdrawals | One free withdrawal per month on most methods; additional or international transfers may be charged. | HFM covers most withdrawal fees; third-party payment charges may apply |
Key differences
- HFM has a lower listed minimum deposit ($0 vs $100).
- HFM has the higher BrokaBoy score (9.7/10 vs 8.6/10).
- Both brokers hold licences with CySEC, FSCA, FSA.
- Only FP Markets lists cTrader, IRESS among its platforms.
- Only HFM lists HFM App, HFcopy among its platforms.
- Only FP Markets lists CFDs among its instruments.
- Only HFM lists Commodities, Indices among its instruments.
Which should you choose?
- Choose HFM if a lower listed opening deposit is your priority.
- Choose FP Markets if access to CFDs is essential, and confirm it is available under your entity.
- Choose HFM if access to Commodities is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, FP Markets or HFM?+
HFM has the lower listed minimum deposit ($0 vs $100). Confirm current terms with each broker.
Are FP Markets and HFM regulated by the same authorities?+
They share CySEC, FSCA, FSA. FP Markets lists ASIC, CySEC, FSCA, FSA; HFM lists FCA, CySEC, DFSA, FSCA, CMA, FSA in our catalogue.
Which has the higher BrokaBoy score?+
HFM scores 9.7/10 against 8.6/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do FP Markets and HFM support the same platforms?+
Both list MetaTrader 4, MetaTrader 5.
