HMF (HotForex) and FP Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. HMF (HotForex) is regulated by two tier-1 jurisdictions, three tier-2 jurisdictions, and three tier-4 jurisdictions including FCA , CySEC, CMA , FSC Mauritius, SVGFSA, FSA -S, FSCA, DFSA. On the other hand, FP Markets is regulated by two tier-1 jurisdictions, one tier-2 jurisdictions and one tier -4 jurisdictions including ASIC, CySEC, SVGFSA, FSCA. These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.
In this article, we will compare HMF (HotForex) with FP Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if HMF (HotForex) is better than FP Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
HotForex vs FP Markets: In a Nutshell
HotForex
Founded in 2010, HFM is one of the renowned forex and CFD brokers offering online trading services worldwide. The broker was previously known and founded as HotForex. HFM provides over 1,000 trading instruments, including forex, commodities, metals, bonds, energies, ETFs, indices, stocks, and cryptos. It is regulated by multiple regulatory authorities, such as the FCA, CySEC, CMA, FSC, SVGFSA, FSA-S, FSCA, and DFSA. HFM has received over 60 industry awards for outstanding performance and offers leverage as high as 1:2000. It boasts about 2.5 million clients from all over the world. To learn more about HFM, you can read our review on HFM (HF Markets).
Hotforex Overview
- Founded In: 2010
- Founder: George Koumantaris
- Headquarters: St. Vincent & the Grenadines
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Regulations: FCA, DFSA , FSCA ,FSA,CMA
- Trading platform: MT4, MT5, HFM Platform
- Account Types: Cent, Zero, Pro, Premium
- Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, PayRedeem, Skrill, UnionPay, WebMoney
- US Traders: Not Accept
FP Markets
Established in 2005, FP Markets is an Australian-based forex and CFD broker that offers online trading services worldwide. It is a global brand regulated by multiple authorities, including ASIC, CySEC, SVG, FSA, and FSCA. The broker provides traders access to more than 10,000 trading instruments on its four platforms: MT4, MT5, IREAA, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, and more. FP Markets is a low-cost forex broker with spreads as low as 0.0 pips.
FP Markets Overview
- Founded In: 2005
- Founder: Matthew Murphy
- Headquarters: Sydney, Australia
- Minimum Deposit: 100 AUD or equivalent.
- Maximum Leverage: 500:1
- Regulations: ASIC, CySEC, FSCA, FSA
- Trading platform: MT4, MT5 and Ctrader
- Account Types: Islamic, Account Funding, Fund withdraw
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
- US Clients: Not Accepted
Hotforex vs : FP Markets Features
Hotforex:
- Trading Instruments: 3000+ trading instruments including Forex, Metals, Energies, Indices, Stocks, Commodities, Bonds, ETFS, Cryptos
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.
- Account Types: Two (Standard, Elitetrader)
- Trading Fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
FP Markets:
- Trading Instruments: 10000+ trading instruments including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 1:500
- Minimum Deposit: 100 AUS or equivalent.
- Account Types: Offers 2 account types: Standard, Raw
- Fees: starting from 1.0 pips for a standard account, $3.5 commission on Raw account per side
- PAMM/ MAM: Yes,
- Zulutrade: Yes
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
HotForex vs FP Markets: Pros and Cons
HotForex
- Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
- The Maximum Leverage is as high as 1:2000
- Favorable trading conditions and low spreads - from 0 pips;
- Trading is available on the MT4, MT5, and HFM trading app
- Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
- Insurance coverage of up to $5,000,000
- Copy trading via HF Copy.
- Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts.
- Premium Pro account requires a $5000 minimum balance
- To copy trades on HF copy, you need a deposit of €300.
- No micro accounts for European beginner traders.
- No bonuses for EU Clients
- Few account currencies, which is why some clients have to pay for double conversion
- Customer support is closed on weekends.
FP Markets
- Regulated by ASIC, CySEC, FSCA, SVGFSA, AFS, FSP
- The Maximum leverage is 1:500
- Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, IRESS
- Hedging, Scalping, EA/Robot, and Copy trading are allowed
- Easy, Fast and Digital account opening
- Offers passive investment programs like MAM, PAMM Accounts
- Faster order execution (40ms)
- FP Markets offers consistently tighter spreads from 0.0 pips
- No FCA regulation.
- The Minimum deposit is $100, which might be high for a beginner
- High Stock CFD fees
- US traders are not accepted
- Only two types of accounts ( Standard, Raw)
HotForex vs FP Markets: Side-by-Side Comparison
HotForex Vs FP Markets: Our Scores and Ratings
We rated both brokers, HotForex and FP Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
HotForex :
FP Markets
HMF (HotForex) vs FP Markets: Which One is better?
Now the question comes: is HFM (HotForex) better than BlackBull Markets, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. If you are concerned about security and safety, you may choose a forex broker regulated by top regulatory authorities such as ASIC, CySEC, FCA, NFA, etc. If you are a scalper, you may prefer a forex broker that offers fixed or low spreads. If you want to copy trade from other successful traders, you may choose a forex broker that offers social copy trading facilities.
Both HFM (HotForex) and BlackBull Markets offer similar trading services worldwide. However, there are differences in their features, regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals
HFM (HotForex) :
- HFM (HotForex) is a forex and CFD broker regulated by FCA, CySEC, DFSA, FSCA, CMA, and FSA in Seychelles
- The minimum deposit of HFM (Hotforex) is $0. This means there is no minimum deposit of HFM. You may deposit as low as $1
- Maximum leverage 1:2000
- Offers MT4, MT5, and HFM trading platforms
- The trading fee: minimum spreads starting from 0.6 pips. ( Spreads and commissions depend on your account type and the types of tradable assets
- HFM (HotForex) does not accept US clients.
FP Markets:
- Regulated Forex Broker ( regulated by ASIC, CySEC, FSCA, and FSA in SVG)
- Minimum Deposit: $100 or equivalent for global clients, $100 or equivalent for EU clients.
- Maximum leverage: 1500 (global), 1:30 (for EU retail clients), 1:500( for EU Professional accounts)
- Offers a lot of trading platforms and tools including MT4, MT5, CTrader, TradingView, Webtrader, Mobile Trader, PAMM, MAM, VPS, Trading Central, Autochartist, Traders toolbox, Signal Start, Social copy trading,
- The trading fee: spreads starting from 1 pip for the Standard account, or a commission of $3 per side/standard lot for the raw account. Spreads and commissions depend on your account type and the types of tradable assets.
- FP Markets does not accept US clients.
Our score for HMF (HotForex) is 8.8, and for FP Markets it is 9.2.
