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HFM vs Capital.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: Nov 15, 2023

Last Updated On Nov 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

How do Capital.com and HFM stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Capital.com

HFM

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Capital.com and HFM, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Capital.com or HFM have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Capital.com holds three Tier 1 and no Tier 2 licences, and HFM holds two Tier 1 and one Tier 2 licences.

 

Is Capital.com financially regulated?

Yes Capital.com was founded in 2016 and is regulated by ASIC, CySEC, FCA and SCB.

 

Is HFM financially regulated?

Yes HFM was founded in 2010 and is regulated by CySEC, DFSA, FCA, FSC, FSCA and FSA-Seychelles.

 

Based on these findings, Capital.com earned a higher trust rating than HFM.

Does Capital.com or HFM have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Capital.com has overall lower trading costs than HFM. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
HotForex
11110.54.5/ 5
EUR, USD, ZAR
1.00 pips
USD 10
0.10 pips
0.50 pips
0.30 pips
USD 0
Capital.com
111115/ 5
USD, EUR, GBP, CHF, AED, MXN
0.60 pips
USD 6
0.60 pips
1.30 pips
0.80 pips
USD 0

 

Does Capital.com or HFM offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

In this case both Capital.com and HFM offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
HotForex
11110.54.5/ 5
HFM Trading App
Capital.com
11110.54.5/ 5
TradingView
Capital.com

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Capital.com offers a greater range and depth of instruments to trade than HFM. Capital.com offers 125 Forex pairs to trade and HFM offers 53 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Capital.com offers 111 cryptocurrencies while HFM offers 40 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Capital.com.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Capital.com nor HFM charges a withdrawal fee. Overall, 0 has better deposit and withdrawal processes than 0. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Capital.com and HFM both have very good educational support. Both Capital.com and HFM offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
HotForex
Capital.com

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that 0 offers better research analysis than 0 and that both Capital.com and HFM offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
HotForex
Capital.com

 

Our overall Verdict on Capital.com

Founded in London, UK, in 2016, Capital.com’s low costs, huge range of instruments, and user-friendly trading platform have quickly made them one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too. Capital.com has thought carefully about what traders want from their broker and has successfully created a welcoming environment for both beginners and professionals.

Capital.com offers one live commission-free account, with trading fees that are significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. Capital.com also offers one of the widest ranges of instruments available, including over 138 Forex pairs and 5400 share CFDs. All instruments are available on MT4 and Capital.com’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that Capital.com’s education and market analysis are some of the best in the industry. 

Our overall Verdict on HFM

HFM (formerly known as HotForex) is a global CFD broker offering a wide range of trading products, five account types, and the MT4 and MT5 platforms, along with some excellent trading tools. Indian traders will be trading through HFM's St Vincent and Grenadines licenced subsidiary, as, like most international brokers, HFM does not hold an Indian SCM licence.

HFM offers four standard accounts and one specialised copy trading account.  Three of its four standard accounts have no minimum deposit requirements and have extremely competitive trading fees. All accounts are available as Islamic accounts. We were also pleased to find that HFM has recently reintroduced cryptocurrency trading, no doubt because of the popularity of the asset. This is alongside an excellent range of trading instruments, including 950 international stocks.

HFM supports the MT4 and MT5 platforms in addition to its own mobile HF App, which allows clients to trade from charts and make deposits and withdrawals. It also has several excellent trading tools to assist traders further. Unfortunately, access to tools such as Autochartist, which other brokers offer as a free service, requires an account balance of 100 USD.

Which broker has the highest overall rating?

Capital.com has an overall rating of 4.78 and HFM has an overall rating of 4.53. For more detail please read our reviews of Capital.com and HFM.

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