Are you trying to figure out which is a better broker, HF Markets or FPMarkets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FPMarkets is the better of the two. FPMarkets offers 10,000+ instruments, licenses from CySec, ASIC, and fair trading fees.
In the tables below, you can compare the features of HF Markets and FPMarkets side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FPMarkets higher than HF Markets.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |   |   |
| OPEN ACCOUNT | Review | Review |
| RATING | 94.3/100 | 94.8/100 |
| MIN. DEPOSIT | 50$ | 100$ |
| REGULATED BY |    |   |
| BONUS | No Information | No Information |
| MIN. SPREAD | 0.1 | 1.1 |
| MAX. LEVERAGE | 1:30 | 1:500 |
| CURRENCY PAIRS | 50 | 61 |
| TRADING INSTRUMENTS | 160 | 10,000+ |
| TRADING PLATFORMS | MT4, MT5, Mobile | MT4, MT5, Mobile, WebTrader |
| DEPOSIT METHODS | Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort | Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more |
| TYPE OF BROKERS | STP/ECN | STP/ECN/DMA |
| CUSTOMER SUPPORT | 24/5 | 24/5 |
| LANGUAGE SUPPORT | 27 | 11 |
| ESTABLISHED | 2010 | 2005, HQ in Sydney |
| USED BY | 2,000,000+ Traders | 100,000+ Traders |
Does HF Markets or FPMarkets have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive HF Markets and FPMarkets are, we first considered the common fees on Standard Accounts. At HF Markets the average spread for the EUR/USD currency pair is 0.1 pips, whilst at FPMarkets the spread is 1.1.
This shows that HF Markets is the better option for low-cost forex trading.
When it comes to non-trading fees, HF Markets charges for inactivity. FPMarkets charges for deposit, withdrawal. With this in mind, HF Markets has lower non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that HF Markets is the better option.
Trading Fees*
| TYPE OF FEE | HF MARKETS | FPMARKETS |
|---|---|---|
| Minimum Spread EURUSD (pips) | 0.1 | 1.1 |
| Commission (%) | 0 | 0 |
| Commission on Islamic Accounts (%) | 0 | 0 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | HF MARKETS | FPMARKETS |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | Y | N |
| Deposit Fees | N | Y |
| Withdrawal Fees | N | Y |
Which broker is safer, HF Markets or FPMarkets?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
HF Markets is regulated by FCA, FSCA, FSA(SVG), DFSA and offers client protection. FPMarkets is regulated by CySec, ASIC and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that is the safer broker.
Broker summary
| HF MARKETS | FPMARKETS | |
|---|---|---|
| Minimum Deposit (USD $) | 50 | 100 |
| Licenses | FCA, FSCA, FSA(SVG), DFSA | CySec, ASIC |
| Max. Leverage | 1:30 | 1:500 |
| Client Protection | Y | Y |
| Broker Type | STP/ECN | STP/ECN/DMA |
| Number of Instruments | 160 | 10,000+ |
| Currency Pairs | 50 | 61 |
| Stocks | 944 | 10,000 |
| Cryptocurrencies | 12 | 5 |
| CFDs | Y | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | Y | Y |
| Mobile Compatible | Y | Y |
| Research Tools | Y | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort | Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
How many trading instruments are available at HF Markets and FPMarkets?
HF Markets provides traders with 160 instruments. This includes 50 currency pairs, 12 cryptocurrencies, and 944 stocks and shares. With HF Markets, you can also trade CFDs.
In comparison, FPMarkets boasts 10,000+ tradable instruments. FPMarkets offers 61 currency pairs, 5 cryptocurrencies, and 10,000 stocks and shares. FPMarkets also allows CFD trading.
As FPMarkets has 10,000+ and HF Markets has 160, a difference of 150, this shows that FPMarkets offers more opportunities to diversify your trading portfolio.
Markets and Products
| INSTRUMENT | HF MARKETS | FPMARKETS |
|---|---|---|
| Currency Pairs | 50 | 61 |
| Commodities | 10 | 3 |
| Precious Metals | 6 | 4 |
| Indices | 22 | 20 |
| Stocks and Shares | 944 | 10,000 |
| Cryptocurrencies | 12 | 5 |
| Options | 0 | 0 |
| ETFs | 1 | 1 |
Which broker offers the best trading platform, HF Markets or FPMarkets?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
HF Markets provides you with the ability to trade via 3 trading platforms, and FPMarkets has 4 trading platforms. Both brokers also offer research and trading tools, however FPMarkets has more.
Overall, our experts agree that FPMarkets boasts the better trading platform offering.
Research Tools
| TOOL | HF MARKETS | FPMARKETS |
|---|---|---|
| News (from top-tier sources) | Y | Y |
| Trading Signals and Indicators | Y | Y |
| Trade Ideas | Y | Y |
| Expert Analysis | Y | Y |
| Autochartist Tools | Y | Y |
| Sentiment Charts | Y | Y |
| Economic Calendar | Y | Y |
Which is better for beginners, HF Markets or FPMarkets?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that is the better broker for beginner traders as it offers a larger range of educational tools and materials. also has a minimum deposit of $.
Educational Features
| FEATURE | HF MARKETS | FPMARKETS |
|---|---|---|
| Demo Account | Y | Y |
| Platform Tutorial Videos | Y | Y |
| Educational PDFs | Y | Y |
| Live Webinars | Y | N |
| YouTube Videos | Y | Y |
| Trading Academy | Y | N |
| Trading Glossary | N | Y |
Which broker is better overall?
Overall, our tested reviewing methodology proves that FPMarkets is the better broker in a range of key areas. You can learn more by reading our HF Markets and FPMarkets reviews.
