- Max leverage
- 2,000:1
- Min deposit
- $0
- Bonus
- 20% deposit bonus
HFM vs FXGT: Which Broker Is Better?
Short answer
Pick FXGT for the highest leverage (5000:1 on its Optimus account) and a 25% deposit bonus with a $10,000 cap, from GT Global Ltd (Seychelles FSA SD019). Pick HFM for lower spread-only costs (EUR/USD around 1.4 pips against 1.9), a Cent account and a group with FCA, CySEC, FSCA, Seychelles FSA and CMA licences. Both start from $0 and have negative balance protection.
- Max leverage
- 5,000:1
- Min deposit
- $0
- Bonus
- 25% deposit bonus
Comparison table
| Feature |  HFM |  FXGT |
|---|---|---|
| Max leverage | 2,000:1 | 5,000:1 |
| Min deposit | $0 | $0 |
| Bonus | 20% top-up bonus on every deposit up to $5,000 | Deposit bonuses |
| Account types | 5 types | 5 types |
| Platforms | MT4 / MT5 / HFM App | MT4 / MT5 / FXGT App / FXGT Trader |
| Licence | CySEC 183/12, FCA 801701, FSCA 46632, FSA SD015, CMA 155 | FSA Seychelles SD019 |
| Bonus offered | ✓ | ✓ |
| No-deposit bonus | None | Offered at times |
| Deposit bonus | 20% top-up on every deposit, up to $5,000 | 25% loyalty bonus on every deposit, up to $10,000 |
| Negative balance protection | ✓ | ✓ |
| Stop-out level | 20% | 20% |
| USD/JPY spread | 2.7 pips | 2 pips |
| EUR/USD spread | 1.4 pips | 1.9 pips |
| EUR/USD spread (low-spread account, no commission) | 0.9 pips | 0.9 pips |
| Gold spread | 38 pips | 32 pips |
| USD/JPY spread (raw account) | 0.1 pips | 0.5 pips |
| EUR/USD spread (raw account) | 0 pips | 0.5 pips |
| Commission (per lot, round turn) | 6 | 6 |
| Withdrawal time | E-wallets instant, crypto within 24 hours | E-wallets within 24-48 hours |
| Deposit & withdrawal methods | Bank wire, cards | Visa/Mastercard, Apple Pay, Google Pay, Neteller, bitwalle… |
| ECN account | ✓ | ✓ |
| Cent account | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| EAs allowed | ✓ | ✓ |
| Copy trading | ✓ | ✓ |
| Swap-free | ✓ | ✓ |
| Crypto CFDs | ✓ | ✓ |
| Stock CFDs | ✓ | ✓ |
| Local-language support | ✓ | ✓ |
| Rebates and loyalty | HFM Loyalty Program | No rebate |
The short answer
These are close on paper: $0 minimums, deposit bonuses, negative balance protection, 20% stop-outs and raw-spread accounts at $6 round trip. FXGT goes further on leverage and bonus size; HFM is a little cheaper on its spread-only account and has the deeper group licences.
1. Licences
FXGT: retail clients served by GT Global Ltd, Seychelles FSA SD019; group companies also licensed by the FSCA and the VFSC. HFM group: CySEC 183/12, FCA 801701, FSCA 46632, Seychelles FSA SD015, CMA 155; international clients deal with an offshore group company named in the client agreement. Both are offshore-licensed for international clients, with limited protection compared with UK or EU rules. Licence guide.
2. Conditions
| Item | FXGT |
HFM |
|---|---|---|
| Maximum leverage | 5000:1 (Optimus); 1000:1 others | 2000:1; 1000:1 on the bonus account |
| Minimum deposit | $0 (1000:1 accounts) | $0 |
| Accounts | Standard, Optimus, Low Spread, Mini, ECN Zero | Cent, Premium, Pro, Zero, InfinityX |
| EUR/USD, spread-only (average) | about 1.9 pips | about 1.4 pips |
| Raw account | ECN Zero: about 0.5 pips + $6 | Zero: 0.0 pips + $6 |
| Bonus | 25% per deposit, up to $10,000 | 20% per deposit, up to $5,000 |
Spreads are typical review-site figures, not official averages. Both offer swap-free accounts, copy trading, crypto and stock CFDs, and both allow scalping and EAs. FXGT says conditions vary by country.
3. Withdrawals
FXGT: e-wallets usually within 24–48 hours, cards 2–5 business days. HFM: e-wallets instantly, crypto within 24 hours, bank wires and cards 2–10 business days, with no HFM fee.
Verdict
- Wants maximum leverage or the bigger bonus cap: FXGT
- Wants lower spread-only costs, a Cent account or a group with FCA and CySEC licences: HFM, after checking which company serves you
Frequently asked questions
Which has higher leverage?
FXGT advertises up to 5000:1 on its Optimus account (under $1,000 equity, after 5 GT lots and 8 closed trades); its other accounts go to 1000:1. HFM goes to 2000:1, with 1000:1 on its Top-up Bonus account.
Both list a Seychelles FSA licence. Are they the same?
No. FXGT's retail company is GT Global Ltd (SD019). HFM's group lists FSA licence SD015 for a different company. Check which company your client agreement names.
Which has a bonus?
Both. FXGT pays a 25% loyalty bonus on every deposit, up to $10,000, on Mini and Standard+ accounts. HFM pays 20% on every deposit, up to $5,000, on its Top-up Bonus account.
Which is better for a small deposit?
Both start from $0: FXGT on its 1000:1 accounts, HFM across its range. HFM also has a Cent account for very small trade sizes; FXGT's Mini account trades lots a tenth of the standard size.
