FP Markets
HFM
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
FP Markets and HFM are two prominent brokers offering a range of trading services, yet they cater to different types of traders due to key distinctions in their offerings. FP Markets, with its regulation by ASIC and competitive spreads from 0.0 pips on Raw accounts, appeals primarily to experienced traders who value tight spreads and robust trading platforms like TradingView. In contrast, HFM, with its very low minimum deposit of $5 and high leverage up to 1:2000, is more suited to beginner traders or those with limited capital who are attracted to accessible entry points and diverse account options. While both brokers offer a comprehensive suite of trading instruments, their regulatory environments and account features are pivotal in guiding trader preferences.
FP Markets
HFM
| FP Markets | HFM | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.8/5 |
| Min. Deposit | $100 ✓ | $5 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:2000 ✓ |
| Regulation | ASIC, CySEC | FCA, CySEC, FSCA ✓ |
| Platforms | MT4, MT5, TradingView | MT4, MT5, Proprietary Mobile |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
HFM
WinnerFP Markets
HFM
FP Markets
3.8/5
Choose FP Markets if you want…
HFM
3.8/5
Choose HFM if you want…
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs HFM's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FP Markets offers spreads from 0 pips, while HFM starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. HFM requires $5.
FP Markets is regulated by ASIC, CySEC, while HFM holds licences from FCA, CySEC, FSCA.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. HFM supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.