Compare HF Markets vs ForexMart
What is HF Markets? What is ForexMart ?
HF Markets is a forex broker that was founded in 2010 and is regulated by multiple authorities, such as the FCA, CySEC, FSCA, FSA and DFSA. It offers over 1000 trading instruments, including forex, metals, indices, commodities, stocks and cryptocurrencies. It also provides various trading platforms, such as MetaTrader 4, MetaTrader 5 and HF App. It has won several awards for its customer service, education and social responsibility.
ForexMart is a forex broker that was established in 2015 and is regulated by CySEC. It offers over 100 trading instruments, mainly forex and CFDs on metals, indices and cryptocurrencies. It also supports MetaTrader 4 as its main trading platform. It claims to offer competitive spreads, fast execution and flexible leverage.
HF Markets vs ForexMart Regulation Comparison
| Broker | Regulator | Country |
|---|---|---|
| HF Markets | FCA | UK |
| CySEC | Cyprus | |
| FSCA | South Africa | |
| FSA | Seychelles | |
| DFSA | UAE | |
| ForexMart | CySEC | Cyprus |
HF Markets vs ForexMart Trading Assets Comparison
HF Markets offers more trading assets than ForexMart, especially in terms of metals, indices, commodities, stocks and cryptocurrencies. This means that HF Markets has more diversification and trading opportunities for its clients than ForexMart.
HF Markets vs ForexMart Trading Fees Comparison
| Broker | Spread Type | Commission Type | Minimum Spread (EUR/USD) |
|---|---|---|---|
| HF Markets | Variable or Fixed (depending on account type) | None or $6 per round lot (depending on account type) | 0.1 pips (variable) or 1.8 pips (fixed) |
| ForexMart | Variable or Fixed (depending on account type) | None or $2 per round lot (depending on account type) | 0 pips (variable) or 2 pips (fixed) |
HF Markets vs ForexMart Account Types Comparison
| Broker | Account Types |
|---|---|
| HF Markets | Micro, Premium, Zero Spread, Auto, PAMM |
| ForexMart | Classic, Pro |
HF Markets vs ForexMart Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including e-wallets, cryptocurrencies and local payment methods. However, HF Markets has more options than ForexMart, especially for Asian and African clients who may prefer to use local payment methods such as NganLuong.vn, GlobePay or Flutterwave.
HF Markets vs ForexMart Trading Platforms Comparison
Both brokers support MetaTrader 4, which is a popular and user-friendly trading platform that offers advanced charting tools, indicators, expert advisors and automated trading features.
However, only HF Markets supports MetaTrader 5, which is an upgraded version of MetaTrader 4 that offers more trading instruments, order types, execution modes and analytical tools. In addition, only HF Markets has its own mobile app, called HF App, which allows clients to access their accounts, trade on the go, receive market news and analysis and participate in promotions and contests.
HF Markets vs ForexMart Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| HF Markets | Economic Calendar, Market News and Analysis, Trading Calculators, Webinars and Seminars, eBooks and Videos |
| ForexMart | Economic Calendar |
HF Markets vs ForexMart . Which forex broker is better? Which forex broker should you choose?
Different brokers may have different advantages and disadvantages depending on your preferences, goals and trading style. However, you can consider the following factors:
- If you value more regulation, more trading assets, more account types, more deposit and withdrawal options, more trading platforms and more analytical tools, you may prefer HF Markets.
- If you value lower spreads, lower commissions and simpler account types, you may prefer ForexMart.
Ultimately, the best way to decide which broker is better for you is to try them out yourself by opening a demo account or a live account with a small amount of money and testing their services and features. You can also read reviews from other traders who have used these brokers and learn from their experiences.
