Alison Heyerdahl
Edited by Alison Heyerdahl
Author

FxPro vs. HF Markets

In the fast-paced world of forex trading, choosing the right broker is crucial. HF Markets and FxPro are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.

Select Brokers to Compare

Forex Broker Comparison
Broker Score
4.39
/ 5
4.45
/ 5
Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Assets Available
Education & Research
Customer Service
Beginner Friendly
Analysis Research
Min. Deposit
GBP 100
GBP 0

Regulation

Regulation
Cyprus Securities and Exchange CommissionDubai Financial Services AuthorityFinancial Conduct AuthorityFinancial Services Conduct Authority
Securities Commission of the Bahamas
Cyprus Securities and Exchange CommissionDubai Financial Services AuthorityFinancial Conduct AuthorityFinancial Services Conduct Authority
Trading Desk Type
Market Maker NDD
Market Maker
Trading Instruments
Cryptocurrencies, Energies, Stock CFDs, Forex, Futures, Indices, Metals
Bonds, Commodities, Energies, Stock CFDs, ETFs, Forex, Indices, Metals, Stock DMAs

Conditions

Forex Pairs
70
0
Crypto Pairs
30
0
Pros
  • Well regulated
  • Great platform choice
  • Tight spreads
  • Well regulated
  • Excellent market analysis
Cons
  • Limited education
  • Well regulated
  • Excellent market analysis
% Lose with this broker
75%
69.03%
Leverage
30:1
30:1
Spread
0.40 pips
0 pips
Hedging
Yes
Yes
Scalping
Yes
Yes
Account Types
FxPro cTrader, FxPro MT4, FxPro MT5, Islamic, ProEdge
Hfcopy, Hfcopy, Hfcopy, Premium, Premium, Premium, Premium Pro, Zero Spread, Zero Spread, Zero Spread
Islamic Acct
Yes
Yes
Trading Platforms
MT4, MT5, cTrader, FxProEdge
MT4, MT5
Funding Methods
Bank Transfer, Mastercard, Neteller, Paypal, Skrill, Unionpay, Visa
Bank Transfer, Mastercard, Neteller, Skrill, Trustly, Visa
Trading Commissions
9 USD / lot
6 USD / lot - ZERO Spread Account
Tickmill Tickmill
FxPro
HF Markets
Trust Rating
4.5
4.5
Trading Conditions
4.5
5
Trading Platforms
5
4.5
Deposit & Withdrawal
5
4.5
Assets Available
3.5
3.5
Education & Research
3.5
5
Customer Service
4.5
4
Beginner Friendly
4
4
Analysis Research
3
5
Overall Rating
4.39
/ 5
4.45
/ 5

How Do HF Markets and FxPro Compare?

The radar chart above illustrates the comparison between HF Markets and FxPro across several key metrics, with the highest possible score being 100 in each category.

Helping You Choose the Right Broker

At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated HF Markets and FxPro, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.

Trust and Regulation

Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.

In our comparison:

  • HF Markets holds two Tier 1 and one Tier 2 licences.
  • FxPro holds two Tier 1 and one Tier 2 licences.

Based on these findings, FxPro earned a higher trust rating than HF Markets.

Is FxPro financially regulated?

Yes FxPro was founded in 2006 and is regulated by CySEC, DFSA, FCA, FSCA and SCB.

 

Is HF Markets financially regulated?

Yes HF Markets was founded in 2010 and is regulated by CySEC, DFSA, FCA and FSCA.

 

Trading Costs Comparison

When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.

We found that HF Markets has overall lower trading costs than FxPro.

Top Overall Brokers by Broker Score

Trading Platforms Offered

Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.

  • FxPro supports MT4, MT5, cTrader and FxProEdge
  • HF Markets supports MT4 and MT5

Copy Trading Availability

Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FxPro and HF Markets offer copy trading.

Range of Trading Instruments

A broader range of CFD instruments provides more trading opportunities. FxPro offers a greater variety of instruments compared to HF Markets:

  • FxPro: 70 Forex pairs.
  • HF Markets: 0 Forex pairs.

Cryptocurrency Trading

For those interested in trading cryptocurrencies, FxPro offers 30 cryptocurrencies, while HF Markets offers 0 cryptocurrencies. Therefore, FxPro is the better choice for cryptocurrency trading.

Deposit and Withdrawal Processes

Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither FxPro nor HF Markets charges a withdrawal fee. Overall, FxPro has better deposit and withdrawal processes than HF Markets. 

Educational Support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

HF Markets has better educational support than FxPro. Both FxPro and HF Markets offer educational support for more experienced traders.

Market Analysis Materials

Access to frequent and high-quality market research and analysis is crucial.

We found that HF Markets offers better research analysis than FxPro and that both FxPro and HF Markets offer frequent webinars.

Overall Verdict

  • HF Markets:

    HF Markets is a well-known international broker, but its unique focus on the British market is undeniable. It has local FCA regulation, a dedicated UK customer service team, a toll-free UK customer service number, and offers GBP trading accounts. It also offers fast and free deposits and withdrawals via the Trustly app.

    The HF Markets Premium Account has slightly higher trading costs than most other brokers’ entry-level accounts with a 100 GBP minimum deposit and spreads starting at 1 pip on the EUR/USD. But trading costs improve on the ZERO Spread Account, with EUR/USD spreads starting at 0.1 pips and a 6 USD commission.

    HF Markets supports both the MT4 and MT5 platforms in addition to its own mobile HF App, which allows clients to trade from charts and make deposits and withdrawals. It also has several excellent trading tools to further assist traders. Unfortunately, access to tools such as Autochartist, which other brokers offer as a free service, requires an account balance of 500 GBP – well above the required minimum deposit.

  • FxPro:

    FxPro is a well-regulated broker with a wide range of accounts, reasonable minimum deposits, and an excellent selection of trading platforms. British traders will also be pleased to note that they can spread bet, which means that they don't have to pay Capital Gains Tax on their profits.

    However, some issues we found with FxPro are that its trading costs are generally much higher than other brokers and its education and market analysis are limited. But we were impressed with how easy-to-use FxPro’s mobile trading app was and the quality of customer support we received. Support is available in a range of languages, 24 hours a day, seven days a week.

Overall Ratings

  • HF Markets: 4.45
  • FxPro: 4.39

For more detailed reviews, please read our comprehensive assessments of HF Markets and FxPro.

AvaTrade
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0 pips
GBP 100
Min. Deposit
GBP 0
Tickmill
XM
CySEC, FCA
Regulators
CySEC, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.6 pips
GBP 100
Min. Deposit
GBP 5
Pepperstone
Tickmill
FCA, ASIC
Regulators
CySEC, FCA
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.0 pips
GBP 0
Min. Deposit
GBP 100
IG
FxPro
FCA, ASIC
Regulators
FCA, CySEC
30:1
Leverage
30:1
MT4, L2 Dealer
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.4 pips
GBP 0
Min. Deposit
GBP 100
Unbiased Expertise

Independent, in-depth reviews and comparisons of all FCA-regulated Forex brokers, empowering you to make informed choices.

Educational Resources

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Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Best Forex Brokers in the the UK for 2024

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Regulated by FCA
Licenced by
Min. Deposit
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
Broker Score
Official Site
Compare
No
ASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
GBP 100
USD 9
4.59
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersLabuan Financial Services AuthorityFinancial Services Conduct Authority
The Seychelles Financial Services AuthorityDFSA Regulated Forex Brokers
GBP 100
USD 6
4.58
/ 5
Yes
FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex Brokers
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
GBP 0
USD 10
4.61
/ 5
Yes
FCA Regulated Forex Brokers
GBP 100
USD 7
4.62
/ 5
Yes
FCA Regulated Forex BrokersASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinansinspektionen
GBP 0
USD 6
4.69
/ 5
No
CySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services Commission
Financial Services Conduct Authority
GBP 5
USD 6
4.45
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
GBP 0
USD 7
4.49
/ 5
Yes
FCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex Brokers
Securities Commission of the Bahamas
GBP 100
USD 14
4.39
/ 5
No
ASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityThe Seychelles Financial Services Authority
Financial Services CommissionCapital Markets Authority
GBP 50
USD 6
4.40
/ 5
Yes
FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersFinancial Services Conduct Authority
British Virgin Islands Financial Services Commission
GBP 100
USD 7
4.68
/ 5
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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

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