Best HFM Alternatives 2026
Whether you're looking for lower fees, better platforms, or stronger regulation — here are the top alternatives to HFM based on our hands-on testing.
HFM is a solid broker with an overall score of 8.0/10, but it might not be the right fit for every trader. Some traders look for alternatives because of specific needs — lower spreads, different platforms, stronger regulation in their region, or simply a change in trading style.
We've tested every broker on this list with real money accounts. Here are the 5 best alternatives to HFM, ranked by overall score.
Top 5 Alternatives to HFM
| # | Broker | Overall Score | Min Deposit | Spreads | Regulation | Platforms | |
|---|---|---|---|---|---|---|---|
| 1 | I IG | 9.2 | $250 | 0.6 pips | FCAASICMAS | IG Platform, MT4 | Review → |
| 2 | I Interactive Brokers | 9.2 | $0 | 0.1 pips | SECFCAASIC | TWS, IBKR Mobile | Review → |
| 3 | S Saxo Bank | 9.0 | $2000 | 0.4 pips | FCADFSAMAS | SaxoTraderGO, SaxoTraderPRO | Review → |
| 4 | I IC Markets | 8.8 | $200 | 0.0 pips | ASICCySECFSA | MT4, MT5 | Review → |
| 5 | C CMC Markets | 8.8 | $0 | 0.7 pips | FCAASICBaFin | Next Generation, MT4 | Review → |
HFM vs IG — Side by Side
HFM
Est. 2010
IG
Est. 1974
Why switch from HFM?
Lower trading costs
Some alternatives offer tighter spreads or lower commissions, which can make a real difference if you trade frequently or with larger volumes.
Different platform options
HFM supports MT4, MT5, HFM App. If you prefer a different platform like cTrader or need specific charting tools, an alternative may be a better fit.
Stronger regulation in your region
Regulation matters. Some brokers are licensed by more authorities or offer better investor protection schemes in specific countries.
Wider product range
HFM offers 1,200 instruments. If you need access to more markets — stocks, commodities, crypto — an alternative with a broader range might serve you better.
Frequently Asked Questions
What is the best alternative to HFM?
Based on our testing, IG is the top-rated alternative with an overall score of 9.2/10. It offers 0.6 pips spreads and is regulated by FCA, ASIC, MAS, BaFin.
Can I transfer my account from HFM to another broker?
You can't directly transfer a trading account between brokers. You'll need to withdraw your funds from HFM, open a new account with your chosen alternative, and deposit there. The process typically takes 1-5 business days.
Is HFM a bad broker?
Not at all. HFM scores 8.0/10 in our testing and is regulated by CySEC, FCA, FSCA, FSA. Looking for alternatives simply means finding a broker that better matches your specific needs and trading style.
Which alternative has the lowest fees?
Among the top alternatives, Interactive Brokers scores highest for trading costs at 9.5/10 in our testing.