FP Markets vs HFM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
FP Markets
Standard and Raw accounts from $100 with leverage to 1:500 and ECN pricing on both.
HFM
Cent, Zero, Pro and Premium accounts from a $0 minimum, with leverage to 1:2000.
| Detail | FP Markets | HFM |
|---|---|---|
| Regulation | — | HF Markets (UK) Ltd, FCA 801701 · HF Markets (SV) Ltd, St Vincent & the Grenadines 22747 IBC 2015 · HF Markets SA (PTY) Ltd, South Africa · HF Markets (Seychelles) Ltd |
| Minimum Deposit | US$100 or equivalent | $0 (Cent, Zero, Premium) · $100 (Pro) · $250 (InfinityX) |
| Max Leverage | 1:500 | 1:2000 (Cent, Zero, Pro, Premium) · Unlimited (InfinityX) |
| Spread From | Standard from 1.0 pips · Raw from 0.0 pips | Zero from 0 on forex · Pro from 0.6 pip · Cent and Premium from 1.4 pip · InfinityX from 0.303 pip |
| Commission | Standard: zero · Raw: US$3 per lot per side | Zero: commission on forex pairs · others: none |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw) | MetaTrader 4, MetaTrader 5, HFM WebTrader, HFM App, HFM Platform |
| Account Types | Standard, Raw | InfinityX, Cent, Zero, Pro, Premium |
Which one fits which trader
Each row below is decided by a figure both brokers publish. Where only one publishes it, or neither does, the row is left out rather than guessed.
| If this matters most | The published figures point to |
|---|---|
| Simplest cost to work out | HFM HFM puts the cost in the spread (Zero: commission on forex pairs · others: none); FP Markets charges Standard: zero · Raw: US$3 per lot per side on top. |
| Most platform choice | HFM FP Markets lists 4 (MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw)); HFM lists 5 (MetaTrader 4, MetaTrader 5, HFM WebTrader, HFM App, HFM Platform). |
What the figures say
- HFM publishes its regulation (HF Markets (UK) Ltd, FCA 801701 · HF Markets (SV) Ltd, St Vincent & the Grenadines 22747 IBC 2015 · HF Markets SA (PTY) Ltd, South Africa · HF Markets (Seychelles) Ltd); FP Markets does not state one on the pages we read.
- Minimum Deposit: FP Markets lists US$100 or equivalent; HFM lists $0 (Cent, Zero, Premium) · $100 (Pro) · $250 (InfinityX).
- Max Leverage: FP Markets lists 1:500; HFM lists 1:2000 (Cent, Zero, Pro, Premium) · Unlimited (InfinityX).
- Commission: FP Markets lists Standard: zero · Raw: US$3 per lot per side; HFM lists Zero: commission on forex pairs · others: none.
- Platforms: FP Markets lists MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw); HFM lists MetaTrader 4, MetaTrader 5, HFM WebTrader, HFM App, HFM Platform.
- Account Types: FP Markets lists Standard, Raw; HFM lists InfinityX, Cent, Zero, Pro, Premium.
- HFM also lists Energies, ETFs.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
FP Markets: why traders choose it
- Two accounts, both from US$100 and both on ECN pricing
- Raw account: spreads from 0.0 pips plus US$3 per lot each way
- Standard account: spreads from 1.0 pips and no commission
- Leverage up to 1:500 on both accounts, jurisdiction permitting
- TradingView is available on the Raw account, alongside MT4, MT5 and cTrader
- EAs, a mobile app and a VPS are listed for both accounts; minimum trade 0.01 lot
HFM: why traders choose it
- Three of the five accounts open with a $0 minimum
- Zero account: spreads from 0 on forex with a per-pair commission, leverage to 1:2000
- Pro account: spreads from 0.6 pip, no commission, from $100
- Cent account trades in 1,000-unit lots with balances in US cents
- Margin call 50% and stop-out 20% on the main accounts; 60 standard lots per position
- Same five platforms on every account, including HFM's own WebTrader and app
FP Markets pros
- The whole offer fits in one table on their site: two accounts, one minimum, clear costs
- US$3 per side is at the low end for a raw account
- Stocks and bonds are on the Raw account, not just forex and metals
FP Markets cons
- 1:500 depends on your jurisdiction; the ASIC and CySEC entities are capped far lower
- The Standard account does not include stocks or bonds
- The page we read did not name the regulator for the entity serving Bangladesh; check the legal footer for your region
HFM pros
- The comparison table is complete: minimums, spreads, leverage, stop-out and lot limits for every account on one page
- A cent account and a $0 minimum make it easy to start very small
- The UK company's FCA number is printed in the footer next to the offshore entities
HFM cons
- The international site serves clients through the St Vincent, South African and Seychelles companies, not the FCA one
- Not offered to residents of the USA, Canada, UAE, Türkiye and several other countries
- The InfinityX account's unlimited leverage comes with a 20% margin call and 0% stop-out, which is a very short leash
About FP Markets
FP Markets keeps it to two accounts. Standard is commission-free from 1.0 pips; Raw prices from 0.0 pips with US$3 per lot per side. Both open from US$100, both run ECN pricing, and both offer leverage up to 1:500 where the local entity allows it.
About HFM
HFM (HF Markets) publishes one comparison table for its InfinityX, Cent, Zero, Pro and Premium accounts. Three open from $0, leverage reaches 1:2000 on the main accounts and is described as unlimited on InfinityX, and every account runs on MT4, MT5, HFM's WebTrader, app and platform.
FP Markets vs HFM: common questions
- What do FP Markets and HFM ask for a first deposit?
- FP Markets states a minimum deposit of US$100 or equivalent. HFM states $0 (Cent, Zero, Premium) · $100 (Pro) · $250 (InfinityX). Both figures are the ones each broker publishes on its own account page, and the entity that serves your country can change them.
- What spreads do FP Markets and HFM quote?
- FP Markets quotes Standard from 1.0 pips · Raw from 0.0 pips; HFM quotes Zero from 0 on forex · Pro from 0.6 pip · Cent and Premium from 1.4 pip · InfinityX from 0.303 pip. These are "from" figures for the tightest account each one sells, not an average, and a spread widens around news and at the session close.
- Do FP Markets and HFM charge commission?
- FP Markets: Standard: zero · Raw: US$3 per lot per side. HFM: Zero: commission on forex pairs · others: none. Where a broker charges no commission the cost is inside the spread instead, so compare the two together rather than one at a time.
- How much leverage do FP Markets and HFM offer?
- FP Markets publishes 1:500 and HFM publishes 1:2000 (Cent, Zero, Pro, Premium) · Unlimited (InfinityX). The cap you actually get depends on which of the group's entities opens your account and on the instrument.
- Can I use the same platform on FP Markets and HFM?
- FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw). HFM supports MetaTrader 4, MetaTrader 5, HFM WebTrader, HFM App, HFM Platform. If you already trade on one of these, that usually settles the choice faster than any cost figure.
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How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.