HFM
Motilal Oswal
VS
Higher Rated
HFM
Capital at risk · T&Cs apply
Choosing between HFM and Motilal Oswal depends on your trading style, preferred markets, and budget. HFM is headquartered in Limassol, Cyprus, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to HFM which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
HFM
Motilal Oswal
HFM is the better choice overall, scoring 3.8/5 vs 3.3/5 on BrokerRank's independent rating. On fees, HFM offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
HFM
3.8 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
HFM
3 vs 1 licences
Min. Deposit
Motilal Oswal
$5 vs $0
HFM
Motilal Oswal
HFM
Motilal Oswal
Lower feesHFM holds licences from FCA, CySEC, FSCA. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Stocks, Indices, Commodities markets. HFM additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
HFM supports MT4, MT5, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Mobile.
HFM requires a minimum deposit of $5, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
BrokerRank scores HFM at 3.78/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. HFM leads overall with a clear advantage.
HFM scores higher overall on our independent rating system. HFM holds a 3.8/5 rating vs Motilal Oswal's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
HFM offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
HFM requires a minimum deposit of $5. Motilal Oswal requires $0.
HFM is regulated by FCA, CySEC, FSCA, while Motilal Oswal holds licences from SEBI.
HFM supports MT4, MT5, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
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.