Compare HF Markets vs EagleFX
What is HF Markets? What is EagleFX ?
HF Markets, also known as HotForex, is a multi-regulated broker that was established in 2010 and offers over 1000 instruments across forex, metals, energies, indices, shares, commodities, bonds, ETFs and cryptocurrencies.
EagleFX is a newer broker that was founded in 2018 and offers over 200 instruments across forex, metals, energies, indices and cryptocurrencies. Both brokers use the MT4 platform and offer STP execution with low spreads and high leverage.
HF Markets vs EagleFX Regulation Comparison
HF Markets is regulated by several authorities in different jurisdictions, such as the FCA in the UK, CySEC in Cyprus, FSCA in South Africa, DFSA in Dubai, FSA in Seychelles and FSC in Mauritius.
EagleFX is not regulated by any authority and operates from St. Vincent and the Grenadines, which is a common offshore location for forex brokers.
HF Markets vs EagleFX Trading Assets Comparison
HF Markets has a wider range of trading assets than EagleFX, offering more than 1000 instruments across 8 categories, while EagleFX offers more than 200 instruments across 5 categories. HF Markets has more options for traders who want to diversify their portfolio and trade different markets, such as shares, bonds, ETFs and commodities.
EagleFX has more options for traders who want to focus on cryptocurrencies, offering more than 50 pairs with fiat and digital currencies.
HF Markets vs EagleFX Trading Fees Comparison
Both brokers charge variable spreads and commissions on their trading accounts, depending on the account type and the instrument traded. HF Markets has 6 account types: Micro, Premium, Zero Spread, Auto, PAMM and HFCopy. The Micro and Premium accounts have no commissions but higher spreads, while the Zero Spread account has low spreads but charges $6 per lot round turn. The Auto account is for automated trading with MQL5 signals, the PAMM account is for money managers and investors, and the HFCopy account is for social trading. EagleFX has only one account type that charges $3 per lot round turn and has low spreads starting from 0.1 pips.
HF Markets vs EagleFX Account Types Comparison
HF Markets has 6 account types with different features and requirements, while EagleFX has only one account type that suits all traders. HF Markets has a minimum deposit of $5 for the Micro account and $100 for the other accounts, except for the Zero Spread account which requires $200. EagleFX has a minimum deposit of $10 for its standard account. Both brokers offer leverage up to 1:500 for forex trading and lower leverage for other instruments.
HF Markets vs EagleFX Deposit Options Comparison
Both brokers offer a variety of payment methods for depositing and withdrawing funds from their trading accounts. HF Markets accepts credit/debit cards, wire transfer, Neteller, Skrill, FasaPay, WebMoney, Perfect Money and cryptocurrencies.
EagleFX accepts credit/debit cards, wire transfer and cryptocurrencies. Both brokers do not charge any fees for deposits or withdrawals and process withdrawals within the same day.
HF Markets vs EagleFX Trading Platforms Comparison
Both brokers use the MT4 platform as their main trading platform, which is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors, automated trading and more. Both brokers also offer MT4 WebTrader, which is a web-based version of the platform that can be accessed from any browser without downloading or installing anything. Both brokers also have mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
HF Markets vs EagleFX Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their trading decisions and strategies. HF Markets offers free education materials such as webinars, videos, articles and e-books on various topics related to forex trading. HF Markets also offers market news, analysis and commentary from its team of experts on its website and blog. HF Markets also provides trading tools such as economic calendar, trading calculators, autochartist and premium trader tools that include sentiment indicators, correlation matrix, market manager and more. EagleFX offers market news and analysis from third-party sources such as TradingView and Investing.com on its website. EagleFX also provides an economic calendar and a forex calculator on its website.
HF Markets vs EagleFX . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, goals, preferences, risk appetite and experience. What may be suitable for one trader may not be suitable for another. Therefore, you can do your own research and compare brokers based on criteria that are important to you. You can also try out their demo account to test their service and platform before opening a real account. Ultimately, the best forex broker is the one that meets your needs and expectations.
