HFM vs eToro
Looking for a clear broker comparison between HFM and eToro? We've put these two brokers head to head, reviewing their regulation safeguards and licenses, trading costs and conditions, platforms and tools, range of instruments, deposit and withdrawal methods, and other essential details side by side.
Who is HFM?
HFM is a global multi-asset forex and CFD broker established in 2010. The company has built a strong international presence and services millions of clients with its diverse account types, competitive trading conditions, broad selection of market instruments, and sovereign trading platforms. The official website of HFM is www.hfm.com.
The minimum deposit required to start trading with HFM is $0.
Who is eToro?
eToro, founded in 2007, is a multi-asset investment platform and broker known for pioneering social trading through its CopyTrader feature. It serves millions of clients worldwide, offering access to CFDs and real underlying assets through its proprietary trading platform. The official website of eToro is www.etoro.com.
The minimum deposit to start trading on eToro is $50.
HFM vs eToro Side-by-Side Comparison
HFM, established in 2010, is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE) and maintains local offices in Kingstown and Larnaca. HFM supports multiple trading platforms, including MT4, MT5 and HFM App
The broker accepts a minimum deposit of $0 and allows accounts denominated in USD, NGN, INR, KES, TBH, JPY, ZAR, SGD and PHP. The company operates under a hybrid model (A+B Book) and supports copy trading with HFCopy. To make deposits and withdrawals, traders can use various payment options, including credit and debit cards, bank wire transfers, e-wallets (Skrill, Neteller, Perfect Money, Fasapay), crypto and mobile money.
eToro, founded in 2007, is licensed by the FCA (UK), CySEC (Cyprus), ASIC (Australia), FSRA (ADGM, UAE), MFSA (Malta) and FSA (Seychelles) and has local offices in London, Limassol, Hoboken, Sydney and Abu Dhabi. The broker provides access to its eToro proprietary platform.
eToro sets a minimum deposit of $50 (can vary based on the trader's country) and supports multiple account base currencies, including USD, EUR and GBP. Regarding the execution model, eToro follows a hybrid model (A+B Book). Further, eToro offers copy trading via CopyTrader™. Clients can fund their accounts through credit and debit cards, bank wire transfers, e-wallets (Skrill, Neteller, PayPal).
HFM vs eToro Market Instruments
HFM offers 500+ instruments. Specifically, the broker provides CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds, featuring 50+ forex pairs, 89 stocks, 20+ indications, 10+ commodities, and 10 crypto pairs.
eToro, by comparison, supports the trading of a broad selection of assets with 7,000+ instruments across various global markets. These include CFDs on forex, stocks, indices, commodities, etfs, cryptocurrencies + real stocks, etfs and crypto, and the lineup includes 62 forex pairs, 6493 stocks, 32 indices, 47 commodities, and 145 crypto pairs.
HFM vs eToro Account Types
HFM vs eToro Spreads Comparison
The figures below reflect the minimum spreads on standard accounts for HFM and eToro. Spreads can change with account type, market volatility, and liquidity, so always verify the latest information on each broker's website.
Minimum Spreads: HFM quotas minimum spreads of 1.4 pips on EUR/USD compared with eToro's 1.0 pips. For GBP/USD, the minimum spread is 1.6 pips at HFM vs 2.0 pips at eToro. For USD/CAD, it is 1.9 pips vs 1.5 pips, and for CAD/JPY it is 2.2 pips vs 6.0 pips.
For other markets, HFM lists a minimum spread on XAU/USD (Gold) of $0.25, while eToro lists 0.025%. WTI Crude Oil minims are $0.03 at HFM versus $0.05 at eToro. For Bitcoin, HFM quotes, a minimum of $18, and eToro shows 1%.
Based on the minimums provided, eToro is tighter on EUR/USD and USD/CAD, while HFM is tighter on GBP/USD, CAD/JPY, and WTI. Gold and Bitcoin are quoted in different units, limiting direct comparison. Neither broker provides details about the average spreads for different instruments.
HFM vs eToro Minimum Spreads Comparison
Costs on Raw/Zero Spread Account
HFM provides a raw/zero spread account, while eToro does not offer raw/zero spread accounts. For HFM, the minimum spread is 0.0 pips and the commission is $3.0 per side per lot.
Raw/zero pricing aims to keep spreads extremely tight, with the broker primarily compensated through commissions. Costs can vary with market liquidity and volatility. Therefore, always check the brokers’ websites for the most current pricing.
Other Features
HFM vs eToro: Wrapping Up the Comparison
HFM and eToro are both well-regulated global brokers, founded in 2010 and 2007, respectively. HFM is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE), while eToro is overseen by the FCA (UK), CySEC (Cyprus), ASIC (Australia), FSRA (ADGM, UAE), MFSA (Malta) and FSA (Seychelles).
HFM stands out for its lower minimum deposit of $0 and diverse account options, including Standard and Zero spread accounts, as well as Cent, Pro and Pro Plus accounts. The minimum EUR/USD spreads start from 1.4 pips. There are a number of trading platforms available at HFM, which include MT4, MT5 and HFM App. The broker also provides demo and Islamic (swap-free) accounts, plus copy trading via HFCopy. The broker gives access to 500+ instruments.
In contrast, eToro requires a minimum deposit of $50, and provides a much larger product range with 7,000+ instruments. The only trading platform available to use is the eToro proprietary platform. The broker offers a Standard account, which includes a demo and an Islamic (swap-free) setup, but does not feature any additional account types. Minimum EUR/USD spreads start from 1.0 pips at eToro, and copy trading is available through CopyTrader.
In short, HFM, a global broker, suits cost-conscious traders looking for diverse account options, including raw spreads and MT4/MT5 flexibility, whereas eToro (notably also accepting EEA retail traders, unlike HFM) appeals to those prioritizing an extensive instrument list and its renowned proprietary copy trading platform.
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