In this post we have grouped the best alternatives to HFM.

This list includes both similar brokers and brokers that offer services which HFM does not.

What are the best alternative brokers and platforms to HFM?

The best alternatives to HFM include similar brokers that are listed below:

  1. XM
  2. eToro
  3. Pepperstone
  4. Admirals
  5. IC Markets
  6. IG Markets
  7. XTB
Open Account
72,82% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
Regulations: MIFID-ESMA, ASIC, CYSEC, Offshore
Minimum Deposit: 5
Open Account
51% of retail CFD accounts lose money
Platforms: Proprietary Web Platform
Regulations: FCA, MIFID-ESMA, ASIC, SEC, CYSEC, Offshore, FSA (Seychelles)
Minimum Deposit: 50
Open Account
74-89% of retail investor accounts lose money when trading CFDs
Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
Regulations: FCA, MIFID-ESMA, ASIC, DFSA, CYSEC, SCB (Bahamas)
Minimum Deposit:
Open Account
76% of retail investor accounts lose money
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MAC Platforms
Regulations: FCA, MIFID-ESMA, ASIC, CIRO, CYSEC
Minimum Deposit: 100
Open Account
74-89% of retail CFD accounts lose money
Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web
Regulations: ASIC, CYSEC, FSA (Seychelles), SCB (Bahamas)
Minimum Deposit:
Open Account
70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Platforms: Proprietary Web Platform, MAC Platforms
Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA, BMA (Bermuda)
Minimum Deposit: 300
Open Account
69-83% of retail investor accounts lose money
Platforms: Mirror Trader, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms
Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, IFSC (Belize)
Minimum Deposit:
Open Account
72.87% of retail investor accounts lose money
Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms
Regulations: FCA, MIFID-ESMA, CYSEC, EDR, SCB (Bahamas)
Minimum Deposit: 100

What is the most similar broker to HFM?

The most similar broker to HFM is XM.

XFM and XM stand out for their strong regulatory compliance, and the minimum deposit requirement of below $10.

However,  they also cater to experienced traders through accounts that necessitate higher minimum deposits.

Additionally, both HFM and XM, where applicable, provide their clients with promotional bonuses.

These two brokers also offer a broad spectrum of account types, featuring similar trading conditions that cater to various trading strategies and preferences.

For a deeper understanding of both brokers, read our HFM review and our XM review.

What are the best alternatives to HFM by category?

You can find other brokers similar to HFM according to a specific feature.

Some specific features of HFM and the corresponding ranking of the best brokers according to that feature are listed below:

Which similar brokers provide the services missing from HFM?

HFM does not provide some services or does not have some characteristics that other brokers have.

The features that HFM does not have and rankings of the best brokers that have that feature are listed below: