OANDA
HFM
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and HFM depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while HFM operates from Limassol, Cyprus. OANDA has the longer track record, established in 1996, 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.
OANDA
HFM
| OANDA | HFM | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.8/5 |
| Min. Deposit | $0 ✓ | $5 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 | 1:2000 ✓ |
| Regulation | FCA, CFTC, ASIC ✓ | FCA, CySEC, FSCA |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.8/5 on BrokerRank's independent rating. On fees, HFM offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA
WinnerHFM
OANDA
HFM
OANDA holds licences from FCA, CFTC, ASIC. HFM is regulated by FCA, CySEC, FSCA.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. HFM adds Stocks.
On spreads, HFM is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. HFM offers MT4, MT5, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
OANDA requires no minimum deposit, while HFM sets a minimum deposit of $5. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and HFM at 3.78/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
HFM
3.8/5
Choose HFM if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 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.
OANDA offers spreads from 0.6 pips, while HFM starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. HFM requires $5.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while HFM holds licences from FCA, CySEC, FSCA.
OANDA supports MT4, Proprietary Web, 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.