FXGT
HFM
FXGT vs HFM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXGT and HFM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXGT, founded in 2019 and headquartered in Limassol, Cyprus, is regulated by CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $5. HFM, established in 2010 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSCA, FSA with spreads from 0.0 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, HFM scored 8/10 overall compared to FXGT's 7.2/10, making it the stronger pick for most traders. That said, FXGT holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
HFM scores 8/10 overall vs 7.2/10 for FXGT — a 0.8-point difference.
- 📈
HFM offers 1,200+ instruments vs 400+ at FXGT — a massive gap in market coverage.
- 🖥️
FXGT runs on MT5, while HFM uses MT4, MT5, HFM App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: HFM scores 9.0 vs 7.5 for FXGT — a 1.5-point difference.
Our Verdict
FXGT
Score: 7.2/10 · Wins 0 categories- You prefer FXGT's trading environment overall
HFM
Score: 8.0/10 · Wins 6 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
HFM takes the lead with an overall score of 8/10 compared to 7.2/10, winning in 6 out of 8 scoring categories. HFM stands out for lower trading costs and better trading platforms, while FXGT remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, HFM comes out ahead with a 8/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. HFM holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXGT is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10). For a complete breakdown, read our full HFM review and FXGT review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
HFM wins by 0.5 points
HFM wins by 0.5 points
HFM wins by 1.5 points
HFM wins by 1.0 points
HFM wins by 0.5 points
HFM wins by 0.5 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, HFM has the edge with a score of 8/10 versus 7.5/10 for FXGT. FXGT offers spreads starting from 0.0 pips, while HFM starts from 0.0 pips. The minimum deposit at FXGT is $5, compared to $5 at HFM. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
HFM scores 7.5/10 for platforms compared to 7/10 for FXGT. FXGT provides MT5, while HFM offers MT4, MT5, HFM App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXGT is regulated by CySEC, FSA (Tier 1), while HFM holds licenses from CySEC, FCA, FSCA, FSA (Tier 1). FXGT scores 7.5/10 and HFM scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, HFM leads with 7.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXGT and HFM both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXGT offers 24/7 Live Chat, Email and scores 7.5/10, while HFM provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXGT scores 8/10 for deposits and withdrawals, while HFM scores 8/10. FXGT accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and HFM supports Bank Transfer, Credit Card, Skrill, Neteller, Bitcoin. Processing times, fees, and available currencies vary. FXGT requires a minimum deposit of $5 versus $5 for HFM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose HFM if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXGT better than HFM?
HFM scores higher overall (8/10 vs 7.2/10), winning 6 of 8 categories. However, FXGT remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, FXGT or HFM?
HFM scores higher for trading costs. FXGT offers spreads from 0.0 pips with a $5 minimum deposit, while HFM starts from 0.0 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXGT safe to trade with?
FXGT is regulated by CySEC, FSA and scores 7.5/10 for regulation. HFM is regulated by CySEC, FCA, FSCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXGT or HFM?
HFM scores 7.5/10 for platforms. FXGT offers MT5, while HFM provides MT4, MT5, HFM App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXGT vs HFM?
FXGT requires a minimum deposit of $5, while HFM requires $5. HFM has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.