Compare HF Markets vs WorldForex
What is HF Markets? What is WorldForex ?
- HF Markets, also known as HotForex, is a forex and CFD broker that offers trading on over 1,000 instruments, including 47 forex pairs, across various platforms such as MetaTrader 4 and 5, HFcopy, and Premium Trader Tools.
- WorldForex is a forex and CFD broker that offers trading on over 300 instruments, including 50 forex pairs, across various platforms such as MetaTrader 4, WebTrader, and MobileTrader.
HF Markets vs WorldForex Regulation Comparison
- HF Markets is regulated by several authorities, including the UK’s FCA, Cyprus’s CySEC, South Africa’s FSCA, and the UAE’s DFSA. It also has indemnity insurance of up to five million euros from Lloyds Insurance.
- WorldForex is regulated by the Vanuatu Financial Services Commission (VFSC) and the British Virgin Islands Financial Services Commission (FSC).
HF Markets vs WorldForex Trading Assets Comparison
- HF Markets offers a wider range of trading assets than WorldForex, with over 1,000 CFDs and 47 forex pairs compared to over 300 CFDs and 50 forex pairs.
- HF Markets also offers more exotic and minor forex pairs than WorldForex, such as USD/ZAR, USD/TRY, USD/MXN, USD/SGD, USD/HKD, USD/DKK, USD/NOK, USD/SEK, USD/PLN, EUR/PLN, EUR/NOK, EUR/SEK, EUR/DKK, EUR/HUF, EUR/CZK .
HF Markets vs WorldForex Trading Fees Comparison
- HF Markets has slightly higher trading fees than WorldForex across all account types. For example, the average spread for the EUR/USD pair is 1.2 pips for the Micro account at HF Markets and 0.9 pips for the Standard account at WorldForex .
- HF Markets also charges a commission of $6 per round turn for the Zero Spread account and $8 per round turn for the HFCopy account. WorldForex does not charge any commissions for any of its account types .
HF Markets vs WorldForex Account Types Comparison
- HF Markets offers six account types: Micro, Premium, Zero Spread, Auto, PAMM (Premium), and HFCopy. The minimum deposit ranges from $5 for the Micro account to $300 for the HFCopy account.
- WorldForex offers four account types: Standard, ECN Pro, ECN VIP, and Crypto. The minimum deposit ranges from $1 for the Standard account to $10,000 for the ECN VIP account.
HF Markets vs WorldForex Deposit Options Comparison
- HF Markets offers more deposit and withdrawal options than WorldForex, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, FasaPay), and cryptocurrencies (such as Bitcoin). The processing time is usually instant or within one business day.
- WorldForex offers fewer deposit and withdrawal options than HF Markets, including bank wire transfer, credit/debit cards (Visa only), e-wallets (such as WebMoney), and cryptocurrencies (such as Bitcoin). The processing time is usually within one business day or up to five business days for bank wire transfers.
HF Markets vs WorldForex Trading Platforms Comparison
- Both brokers offer MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, advanced charting tools, automated trading strategies (Expert Advisors), and custom indicators .
- HF Markets also offers MetaTrader 5, which is an upgraded version of MetaTrader 4 that has more features such as more timeframes, more indicators, more order types, an economic calendar, a depth of market view, and a built-in MQL5 community.
- HF Markets also offers HFcopy, which is a proprietary copy trading platform that allows traders to follow or provide trading signals to other traders. Traders can choose from various strategies based on their risk appetite and performance history.
- HF Markets also offers Premium Trader Tools, which is a suite of add-ons developed by FX Blue Labs that enhance the MetaTrader platforms with features such as advanced trade execution, market analysis, sentiment indicators, correlation matrix, and trade alerts.
- WorldForex also offers WebTrader, which is a web-based platform that does not require any download or installation. WebTrader has a simple and intuitive interface that supports multiple order types, basic charting tools, and one-click trading.
- WorldForex also offers MobileTrader, which is a mobile app that is compatible with Android and iOS devices. MobileTrader has a similar functionality as WebTrader, but with more features such as push notifications, market news, and trading history.
HF Markets vs WorldForex Analytical Tools Comparison
- HF Markets offers more analytical tools than WorldForex, including Autochartist, which is a plugin that provides automated technical analysis, market scans, volatility analysis, and trading signals on the MetaTrader platforms.
- HF Markets also offers Advanced Insights, which is a service that utilizes big data and AI to deliver sentiment analysis, market trends, trading opportunities, and risk management tools on the MetaTrader platforms.
- HF Markets also offers Traders Board, which is a module that displays correlation and sentiment data for various currency pairs and commodities on the broker’s website.
- HF Markets also offers an in-house team of analysts that produce special research reports, including monthly, quarterly, and annual outlooks on the global markets.
- WorldForex offers fewer analytical tools than HF Markets, including an economic calendar, a market news feed, and a technical analysis section on the broker’s website.
HF Markets vs WorldForex . Which forex broker is better? Which forex broker should you choose?
Choosing the right forex broker depends on your personal preferences, trading style, goals and risk appetite. However, here are some factors that may influence your decision:
- If you are looking for a more regulated and insured broker, you may prefer HF Markets over WorldForex, as HF Markets has more licenses from reputable authorities and indemnity insurance from Lloyds Insurance.
- If you are looking for a lower-cost broker, you may prefer WorldForex over HF Markets, as WorldForex has lower spreads and no commissions for any of its account types.
- If you are looking for a more diverse and extensive range of trading assets, you may prefer HF Markets over WorldForex, as HF Markets offers over 1,000 CFDs and 47 forex pairs compared to over 300 CFDs and 50 forex pairs at WorldForex.
- If you are looking for a more advanced and versatile trading platform, you may prefer HF Markets over WorldForex, as HF Markets offers MetaTrader 4 and 5, HFcopy, and Premium Trader Tools, while WorldForex only offers MetaTrader 4, WebTrader, and MobileTrader.
- If you are looking for more analytical tools and research content, you may prefer HF Markets over WorldForex, as HF Markets offers Autochartist, Advanced Insights, Traders Board, and in-house research reports, while WorldForex only offers an economic calendar, a market news feed, and a technical analysis section.
In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their platforms, services and features before switching to a real account. You can also read more reviews and feedback from other traders who have used these brokers.
