Compare HF Markets vs Forexee
What is HF Markets? What is Forexee ?
HF Markets is an award-winning forex and commodities broker that provides trading services and facilities to both retail and institutional clients. HF Markets offers various account types, trading platforms, tools and research to facilitate trading of over 1,000 CFDs and 47 forex pairs. HF Markets is regulated by several authorities, including FCA, FSA, CySEC, DFSA and FSCA.
Forexee is an online financial services provider that offers direct access to a wide range of trading instruments across the world. Forexee provides the MetaTrader 4 platform, advanced trading tools, various account types and fast deposits and withdrawals. Forexee is a trading name of NTS Systems Ltd and is registered in Saint Vincent & Grenadines, but it does not seem to be regulated by any reputable authority.
HF Markets vs Forexee Regulation Comparison
HF Markets is regulated by multiple authorities in different jurisdictions, while Forexee does not have any clear regulatory status. This means that HF Markets has to comply with strict rules and standards regarding client protection, fund segregation, risk management and transparency, while Forexee does not have such obligations or guarantees. Therefore, HF Markets is a more trustworthy and secure broker than Forexee in terms of regulation.
| Broker | Regulators |
|---|---|
| HF Markets | FCA (UK), FSA (Seychelles), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), FSC (Mauritius), SVGFSA (St Vincent & Grenadines) |
| Forexee | None |
HF Markets vs Forexee Trading Assets Comparison
Both brokers offer a wide range of trading instruments, including forex, metals, commodities, indices, shares and cryptocurrencies. However, HF Markets has a larger and more diverse portfolio than Forexee, with over 1,000 CFDs and 47 forex pairs available for trading. Forexee offers around 50 forex pairs and over 200 CFDs on its platforms. Therefore, HF Markets has an advantage over Forexee in terms of trading assets.
| Broker | Trading Assets |
|---|---|
| HF Markets | Over 1,000 CFDs and 47 forex pairs |
| Forexee | Around 50 forex pairs and over 200 CFDs |
HF Markets vs Forexee Trading Fees Comparison
Both brokers charge variable spreads and commissions depending on the account type and the trading instrument. However, the trading costs at HF Markets are slightly above the industry average across all account types, while Forexee claims to offer competitive spreads and low commissions on its ECN accounts. Therefore, Forexee may have an edge over HF Markets in terms of trading fees.
| Broker | Trading Fees |
|---|---|
| HF Markets | Variable spreads from 0 pips + commissions from $6 to $8 per round turn lot |
| Forexee | Variable spreads from 0 pips + commissions from $1 to $5 per round turn lot |
HF Markets vs Forexee Account Types Comparison
HF Markets
- Micro: Minimum deposit $5, leverage up to 1:1000, variable spreads from 1 pip
- Premium: Minimum deposit $100, leverage up to 1:500, variable spreads from 1 pip
- Zero Spread: Minimum deposit $200, leverage up to 1:500, variable spreads from 0 pips + commissions from $6 per round turn lot
- Auto: Minimum deposit $200, leverage up to 1:500, variable spreads from 1 pip
- PAMM: Minimum deposit $250, leverage up to 1:300
- Islamic: Minimum deposit $150
- HFCopy: Minimum deposit $500 for Strategy Provider or $100 for Follower
Forexee
- STP Basic: Minimum deposit $50
- ECN Advanced: Minimum deposit $200
- ECN Premium: Minimum deposit $1000
- ECN Crypto: Minimum deposit $10
- Islamic: No swap fees
HF Markets vs Forexee Deposit Options Comparison
Both brokers support various payment methods for deposits and withdrawals, including credit/debit cards, e-wallets, bank transfers and cryptocurrencies. However, HF Markets charges fees for some withdrawal methods, while Forexee does not charge any fees for deposits or withdrawals. Therefore, Forexee may be more convenient and cost-effective than HF Markets in terms of payment options.
| Broker | Payment Methods | Fees |
|---|---|---|
| HF Markets | Credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether | No fees for deposits; fees for some withdrawal methods |
| Forexee | Credit/debit cards, Skrill, Neteller, Perfect Money, FasaPay, Bitcoin, Ethereum, Litecoin, Tether | No fees for deposits or withdrawals |
HF Markets vs Forexee Trading Platforms Comparison
Both brokers provide the MetaTrader 4 platform as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, expert advisors, automated trading and more. However, HF Markets also offers some additional features and tools to enhance the MetaTrader 4 experience, such as Premium Trader Tools by FX Blue Labs, Autochartist plugin, Advanced Insights and One Click Trading Level2 Plugin. Therefore, HF Markets may have a slight edge over Forexee in terms of trading platforms.
| Broker | Trading Platforms |
|---|---|
| HF Markets | MetaTrader 4 (desktop, web and mobile) + additional features and tools |
| Forexee | MetaTrader 4 (desktop, web and mobile) |
HF Markets vs Forexee Analytical Tools Comparison
Both brokers offer various analytical tools and resources to help traders make informed trading decisions. However, HF Markets has a more comprehensive and diverse research offering than Forexee, with in-house market analysis, third-party research content, news headlines from FxStreet, special reports and outlooks, correlation and sentiment data and more. Forexee provides some basic market analysis and news on its website and blog. Therefore, HF Markets has a clear advantage over Forexee in terms of analytical tools.
| Broker | Analytical Tools |
|---|---|
| HF Markets | In-house market analysis, third-party research content, news headlines from FxStreet, special reports and outlooks, correlation and sentiment data and more |
| Forexee | Basic market analysis and news on website and blog |
HF Markets vs Forexee . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, preferences, goals, risk appetite, and experience. What may be suitable for one trader may not be suitable for another. Therefore, you should do your own research and due diligence before deciding which broker to trade with. You can also try their demo account to test out their platform and services. In the end, you can choose the forex broker that suits your preferences and needs.
