Orbex
HFM
Orbex vs HFM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Orbex and HFM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Orbex, founded in 2011 and headquartered in Limassol, Cyprus, is regulated by CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $200. 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 Orbex's 7/10, making it the stronger pick for most traders. That said, Orbex 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 7/10 for Orbex — a 1.0-point difference.
- 💵
HFM requires just $5 to start, while Orbex needs $200 — HFM is 40x more accessible.
- 📈
HFM offers 1,200+ instruments vs 300+ at Orbex — a massive gap in market coverage.
- 🖥️
Orbex runs on MT4, 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 Orbex — a 1.5-point difference.
Our Verdict
Orbex
Score: 7.0/10 · Wins 0 categories- You prefer Orbex's trading environment overall
HFM
Score: 8.0/10 · Wins 7 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 7/10, winning in 7 out of 8 scoring categories. HFM stands out for lower trading costs and better trading platforms, while Orbex remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, HFM comes out ahead with a 8/10 overall rating, winning 7 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. Orbex is not without merit — it scores 7/10 overall and excels in Trading Costs (7.5/10). For a complete breakdown, read our full HFM review and Orbex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
HFM wins by 0.5 points
HFM wins by 1.0 points
HFM wins by 1.5 points
HFM wins by 0.5 points
HFM wins by 0.5 points
HFM wins by 1.0 points
HFM wins by 1.0 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 Orbex. Orbex offers spreads starting from 0.0 pips, while HFM starts from 0.0 pips. The minimum deposit at Orbex is $200, 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 6.5/10 for Orbex. Orbex provides MT4, 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. Orbex is regulated by CySEC (Tier 1), while HFM holds licenses from CySEC, FCA, FSCA, FSA (Tier 1). Orbex 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 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Orbex 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
Orbex offers 24/5 Live Chat, Email, Phone and scores 7/10, 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
Orbex scores 7/10 for deposits and withdrawals, while HFM scores 8/10. Orbex accepts Bank Transfer, Credit Card, Skrill, Neteller, and HFM supports Bank Transfer, Credit Card, Skrill, Neteller, Bitcoin. Processing times, fees, and available currencies vary. Orbex requires a minimum deposit of $200 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 Orbex better than HFM?
HFM scores higher overall (8/10 vs 7/10), winning 7 of 8 categories. However, Orbex remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, Orbex or HFM?
HFM scores higher for trading costs. Orbex offers spreads from 0.0 pips with a $200 minimum deposit, while HFM starts from 0.0 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Orbex safe to trade with?
Orbex is regulated by CySEC 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, Orbex or HFM?
HFM scores 7.5/10 for platforms. Orbex offers MT4, 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 Orbex vs HFM?
Orbex requires a minimum deposit of $200, 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.