Compare HF Markets vs NPBFX
What is HF Markets? What is NPBFX ?
HF Markets, also known as HotForex, is a global forex and CFD broker that was established in 2010 and is regulated by multiple authorities, including FCA, CySEC, FSCA, DFSA and FSA. HF Markets offers over 1000 trading instruments across various asset classes, such as forex, indices, commodities, shares, metals, energies, bonds, ETFs and cryptocurrencies. HF Markets also provides various account types, trading platforms, educational resources and promotional offers for its clients.
NPBFX is a forex and CFD broker that was founded in 1992 and is regulated by the Financial Commission and the FSC of the British Virgin Islands. NPBFX offers over 40 currency pairs and 6 cryptocurrencies for trading on the MetaTrader 4 platform. NPBFX also provides a demo account, an Islamic account, a PAMM account, a cashback program and a trading contest for its clients.
HF Markets vs NPBFX Regulation Comparison
HF Markets has more regulatory licenses than NPBFX, which means it has more oversight and protection for its clients. HF Markets is regulated by the following authorities: FCA (UK), CySEC (Cyprus), FSCA (South Africa), DFSA (UAE), FSA (Seychelles) and FSA (St. Vincent and the Grenadines).
NPBFX is regulated by the Financial Commission (UK) and the FSC of the British Virgin Islands. The Financial Commission is an independent dispute resolution organization that provides compensation of up to €20,000 per case for eligible clients. The FSC of the BVI is an offshore regulator that does not have strict requirements for brokers.
HF Markets vs NPBFX Trading Assets Comparison
HF Markets has a wider range of trading instruments than NPBFX, which means it offers more opportunities and diversification for traders. HF Markets offers over 1000 trading instruments across various asset classes, such as forex, indices, commodities, shares, metals, energies, bonds, ETFs and cryptocurrencies.
NPBFX offers over 40 currency pairs and 6 cryptocurrencies for trading on the MetaTrader 4 platform.
HF Markets vs NPBFX Trading Fees Comparison
Both HF Markets and NPBFX offer variable spreads, which means they fluctuate according to market conditions and liquidity. The average spread for the EUR/USD pair is 1.2 pips for HF Markets and 0.8 pips for NPBFX.
Both HF Markets and NPBFX charge commissions on some of their account types. HF Markets charges $3 per lot per side on its Zero Spread account and $6 per lot per side on its HFCopy account. NPBFX charges $3 per lot per side on its Master account.
HF Markets vs NPBFX Account Types Comparison
HF Markets offers more account types than NPBFX, which means it caters to different levels of experience and preferences of traders. HF Markets offers the following account types: Micro, Premium, Zero Spread, Auto, PAMM (Premium Plus), HFCopy and Islamic.
NPBFX offers three account types: Master, Expert and VIP. All of them are Islamic-friendly and have no minimum deposit requirement.
HF Markets vs NPBFX Deposit Options Comparison
Both HF Markets and NPBFX offer a variety of payment methods for depositing and withdrawing funds from their accounts. However, HF Markets has more options than NPBFX, which means it has more convenience and flexibility for traders. HF Markets accepts the following payment methods: credit/debit cards, wire transfer, Neteller, Skrill, WebMoney, Perfect Money, FasaPay, crypto (Bitcoin, Ethereum, Litecoin and Ripple) and local bank transfer.
NPBFX accepts the following payment methods: credit/debit cards, wire transfer, Neteller, Skrill, WebMoney,YooMoney (formerly Yandex Money), QIWI and FasaPay.
HF Markets vs NPBFX Trading Platforms Comparison
Both HF Markets and NPBFX use the MetaTrader 4 platform as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, automated trading systems (Expert Advisors) and mobile trading.
HF Markets also offers the MetaTrader 5 platform, which is an upgraded version of MetaTrader 4 that has more features and capabilities, such as more timeframes, more order types, more indicators, more analytical tools, an economic calendar and a built-in market of trading products.
HF Markets also provides the HF App, which is a mobile application that allows traders to access their accounts, manage their funds, view market news and analysis, and contact customer support.
HF Markets vs NPBFX Analytical Tools Comparison
Both HF Markets and NPBFX provide various analytical tools and resources to help traders with their trading decisions and strategies. However, HF Markets has more tools than NPBFX, which means it offers more support and guidance for traders. HF Markets provides the following analytical tools: daily market analysis, weekly market outlook, trading calculators, economic calendar, webinars, video tutorials, e-books and courses.NPBFX provides the following analytical tools: daily market analysis, economic calendar, trading signals (from Trading Central) and webinars.
HF Markets vs NPBFX . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their needs, preferences, goals and strategies. However, you can consider a number of factors that may help you make your decision, such as:
- Regulation: HF Markets has more regulatory licenses than NPBFX, which means it has more oversight and protection for its clients. If you value safety and security, you may prefer HF Markets over NPBFX.
- Trading assets: HF Markets has a wider range of trading instruments than NPBFX, which means it offers more opportunities and diversification for traders. If you want to trade various asset classes, such as indices, commodities, shares, bonds, ETFs and cryptocurrencies, you may prefer HF Markets over NPBFX.
- Trading fees: Both HF Markets and NPBFX offer variable spreads and charge commissions on some of their account types. However, the average spread and commission may vary depending on the account type and the trading instrument. If you want to minimize your trading costs, you may want to compare the spreads and commissions of each broker for the instruments you want to trade.
- Account types: HF Markets offers more account types than NPBFX, which means it caters to different levels of experience and preferences of traders. If you want to have more options and flexibility in choosing your account type, you may prefer HF Markets over NPBFX.
- Deposit and withdrawal options: Both HF Markets and NPBFX offer a variety of payment methods for depositing and withdrawing funds from their accounts. However, HF Markets has more options than NPBFX, which means it has more convenience and flexibility for traders. If you want to have more choices and ease in managing your funds, you may prefer HF Markets over NPBFX.
- Trading platforms: Both HF Markets and NPBFX use the MetaTrader 4 platform as their main trading platform. However, HF Markets also offers the MetaTrader 5 platform and the HF App, which are more advanced and feature-rich platforms. If you want to have more functionality and accessibility in your trading platform, you may prefer HF Markets over NPBFX.
- Analytical tools: Both HF Markets and NPBFX provide various analytical tools and resources to help traders with their trading decisions and strategies. However, HF Markets has more tools than NPBFX, which means it offers more support and guidance for traders. If you want to have more education and analysis in your trading journey, you may prefer HF Markets over NPBFX.
Finally, You can try out both brokers by opening a demo account with them and testing their services before making your final decision. You can also read more reviews and feedback from other traders who have used both brokers to better understand their pros and cons.
