HFM vs FBS
Trying to choose between HFM and FBS? This broker comparison between HFM and FBS examines regulation and safety, spreads and commissions, platforms and tools, available instruments, account options, and funding methods to help you decide.
Who is HFM?
HFM, formerly HotForex, is a global multi-asset broker founded in 2010. It offers a wide selection of account types and multiple base currencies, providing access to forex and CFD markets on various platforms. The broker caters to a large international client base and offers webinars in several languages. The official website is www.hfm.com.
The minimum deposit required to start trading with HFM is $0.
Who is FBS?
FBS is a global forex and CFD broker established in 2009, focused on making online trading accessible to a broad range of traders. It serves millions of clients worldwide, offers popular platforms like MetaTrader, and provides educational materials and multilingual support. The official website of FBS is www.fbs.com.
The minimum deposit required to start trading with FBS is $5.
HFM vs FBS 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). The company maintains local offices in Kingstown and Larnaca and its platform offering includes MT4, MT5 and HFM App. The minimum deposit to start trading is set at $0, and HFM accounts can be denominated in USD, NGN, INR, KES, TBH, JPY, ZAR, SGD and PHP.
HFM operates under hybrid model (A+B Book). In regard to copy trading, the broker offers its own copy trading system called HFCopy and facilitates funding through credit and debit cards, bank wire transfers, e-wallets (Skrill, Neteller, Perfect Money, Fasapay), crypto and mobile money.
In comparison, FBS, founded in 2009, holds licenses from the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa) and operates local offices in Limassol and Belize City. The platform lineup includes MT4, MT5 and FBS App, the minimum deposit is $5, and accounts are available in USD.
It follows primarily A-Book execution model and supports a wide range of payment options via 200+ payment methods (global and local) including credit & debit cards, bank wires, e-wallets and cryptocurrencies. Unlike HFM, FBS does not offer copy trading.
HFM vs FBS Market Instruments
HFM offers 500+ instruments, offering CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds, and features 50+ forex pairs, 89 stocks, 20+ indices, 10+ commodities, and 10 crypto pairs.
FBS provides 590+ instruments with CFDs on forex, stocks, indices and commodities, including 100+ forex pairs, 469 stocks, 11 indices, 11 commodities, and 0 cryptocurrencies.
HFM vs FBS Account Types
HFM vs FBS Spreads Comparison
This comparison reviews the minimum and average spreads on standard accounts at HFM and FBS. Actual spreads may vary depending on the account type, market volatility, and liquidity, so it is advisable to verify the latest figures on each broker’s official website.
Minimum spreads: On EUR/USD, HFM offers spreads starting from 1.4 pips, whereas FBS offers spreads starting from 0.8 pips. For GBP/USD, HFM lists 1.6 pips versus 0.84 pips at FBS. On USD/CAD, HFM shows 1.9 pips compared with 1.095 pips at FBS, and for CAD/JPY, HFM posts 2.2 pips against 1.7 pips at FBS. For commodities, HFM’s minimum on XAU/USD is $0.25 versus $0.2 at FBS, and WTI is $0.03 at HFM compared with $0.01 at FBS.
Average spreads: HFM does not publish data about average spreads. FBS reports averages of 1.2 pips on EUR/USD, 1.5 pips on GBP/USD, and $0.29 on XAU/USD.
HFM vs FBS Minimum Spreads Comparison
HFM vs FBS Average Spreads Comparison
Costs on Raw/Zero Spread Account
For costs on raw/zero spread accounts, HFM lists a minimum spread of 0.0 pips and a commission of $3.0 per side per lot. FBS, on the other hand, does not offer raw/zero spread accounts.
The figures shown represent minimum pricing for raw or zero-spread forex setups where available, with ultra-tight spreads typically balanced by per-lot trading commissions. Since spreads fluctuate based on market conditions and liquidity, it is recommended to check the latest costs on each broker’s official website before trading.
Other Features
HFM vs FBS: Wrapping Up the Comparison
HFM and FBS are both well-regulated global brokers, founded in 2010 and 2009. HFM is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE), and FBS by the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa).
HFM stands out with a minimum deposit of $0, platform choices that include MT4, MT5 and HFM App, support for copy trading via HFCopy, and minimum EUR/USD spreads from 1.4 pips. The broker offers a range of account types, including Standard, Zero Spread, demo, and Islamic (swap-free) accounts, along with additional options such as Cent, Pro and Pro Plus.
FBS real account starts from $5, offering access to trading on MT4, MT5 and FBS App. The broker does not currently offer copy trading, and minimum EUR/USD spreads begin at 0.8 pips. Available account types include Standard, demo, and Islamic (swap-free) accounts, along with other options such as Cent. FBS does not offer Zero or Raw Spread accounts.
In terms of market scope, HFM offers 500+ across CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds, while FBS reaches 590+ across CFDs on forex, stocks, indices and commodities.
In short, HFM is ideal for traders seeking a broader range of asset classes, copy trading, and account types like Raw, Pro, and Premium with tighter spreads than the standard account. FBS, on the other hand, appeals to cost-conscious traders who value lower minimum spreads already available on its standard account and a wider range of payment methods.
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