HFTrading vs FXChoice Broker Comparison

Are you trying to figure out which is a better broker, HFTrading or FXChoice? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that HFTrading is the better of the two. HFTrading offers 350+ instruments, licenses from ASIC, NZFMA, and fair trading fees.

In the tables below, you can compare the features of HFTrading and FXChoice 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 HFTrading higher than FXChoice.

Rating
96.3/100
93.8/100
Min. Deposit
$250$
100$
Regulated By
ASICASIC
IFSCIFSC
Bonus
No Information
15%
Min. Spread
2.2
1.4
Max. Leverage
1:400
1:200
Currency Pairs
50
36
Trading Instruments
350+
50+
Trading Platforms
MT4, mobile
MT4, MT5, mobile
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Netseller
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Type of Brokers
STP/NDD
Market Maker/NDD
Customer Support
12/5
24/5
Language Support
1
8
Established
2019
2010
Used By
100,000+ Traders
100,000+ Traders

Does HFTrading or FXChoice 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 HFTrading and FXChoice are, we first considered the common fees on Standard Accounts. At HFTrading the average spread for the EUR/USD currency pair is 2.2 pips, whilst at FXChoice the spread is 1.4.

This shows that FXChoice is the better option for low-cost forex trading.

When it comes to non-trading fees, HFTrading charges for inactivity, withdrawal. FXChoice charges for deposit, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, HFTrading or FXChoice?

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.

HFTrading is regulated by ASIC, NZFMA and offers client protection. FXChoice is regulated by IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that HFTrading is the safer broker.

Broker summary

How many trading instruments are available at HFTrading and FXChoice?

HFTrading provides traders with 350+ instruments. This includes 50 currency pairs, 51 cryptocurrencies, and 167 stocks and shares. With HFTrading, you can also trade CFDs.

In comparison, FXChoice boasts 50+ tradable instruments. FXChoice offers 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. FXChoice also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, HFTrading or FXChoice?

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.

HFTrading provides you with the ability to trade via 2 trading platforms, and FXChoice has 3 trading platforms. Both brokers also offer research and trading tools, however HFTrading has more.

Overall, our experts agree that FXChoice boasts the better trading platform offering.

Research Tools

Which is better for beginners, HFTrading or FXChoice?

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 HFTrading is the better broker for beginner traders as it offers a larger range of educational tools and materials. HFTrading also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that HFTrading is the better broker in a range of key areas. You can learn more by reading our HFTrading and FXChoice reviews.

HFTrading vs FXChoice
HFTrading
96.3
Points
FXChoice
93.8
Points
Overall
3 points
HFTrading
93
Points
FXChoice
96
Points
Commissions & Fees
3 points
HFTrading
99
Points
FXChoice
93
Points
Licensing & Safety
6 points
HFTrading
97
Points
FXChoice
98
Points
Trading Platforms & Tools
1 points
HFTrading
96
Points
FXChoice
97
Points
Payments
1 points
HFTrading
95
Points
FXChoice
92
Points
Customer Service
3 points
HFTrading
98
Points
FXChoice
87
Points
Educational
11 points
Open Account in HFTrading