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Firstrade vs HFM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Firstrade
HFM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker broker
Years of Existence / Established Year
1985
2010
Customer Base / Number of Accounts
1Million
2500000 clients
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
FSC, CySEC, DFSA, FCA, ISA, FSCA, MAS, CMA, FMA
Awards Won (count for the last 2 years)
Best Online Brokers, Best for Options Traders award.
Best Global Affliiate Programs 2024, Best Trading Accounts Global, Best Stock Broker 2023, Best Trading Platform Broker
Security Measures
SIPC
Civil Liability insurance program with a limit of €5,000,000
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
Over 500 markets including energies
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
Yes- Through ETFs
Yes
Cryptocurrencies
Yes- Through ETFs
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
Yes
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
Yes
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Firstrade platform
HFM Platform, Web trading, Mobile trading
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Cent, Zero, Pro , Premium, Corporate, Joint account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
No
1:1000- 1:2000
Trade Limit (maximum per trade)
Depends on asset class
60/ 200 Standard lots per position depends on account types
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Both beginners and experienced traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets
Withdrawal Methods
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets
Other E-Wallets Supported
No
FasaPay, Neteller
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Webinars, eBooks and Guides, Video Tutorials
Fees & Commissions
Trading-Related Fees
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Spread: starts from 0.0- 1.2 pips, commissions: $0.03 per 1k lot, Commission for Forex: $0.03 - $3, gold: $7- $14
Spread (typical, fixed, variable)
Typical
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
$0
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
34:20:00
Non-Trading Fees
Dormant Fees
$0
$10 inactive for 90 days
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
0.20-0.30%
NA
Swap Fees (Overnight Financing)
NA
$0
Statement or Document Fee
$2-$5
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
3%
$0
Withdrawal Fee
$25-$75
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
Varies by instrument
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday,10am - 4pm ET
24/5
Customer Support Methods (phone, email, live chat)
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
Live support: Available 24/5, Email : [email protected], Phone: +44-203 097 85 71
Support Languages
3
27+
Additional Information
Headquarters Location
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
financial hub of Limassol, Cyprus
Complaints (for crypto brokers)
No
No
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