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HFM vs Oanda : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

HFM

HFM

VS
Oanda

Oanda

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker broker

Market maker

Years of Existence / Established Year

2010

1996

Customer Base / Number of Accounts

2500000 clients

50M


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Regulation & Security

Regulations (governing bodies)

FSC, CySEC, DFSA, FCA, ISA, FSCA, MAS, CMA, FMA

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

Best Global Affliiate Programs 2024, Best Trading Accounts Global, Best Stock Broker 2023, Best Trading Platform Broker

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

Civil Liability insurance program with a limit of €5,000,000

SIPC

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Over 500 markets including energies

68+ major currency pairs

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

No

Yes

Futures

No

Yes

Bonds

Yes

Yes

Mutual Funds

No

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

Yes

No

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

HFM Platform, Web trading, Mobile trading

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Cent, Zero, Pro , Premium, Corporate, Joint account

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

Yes

Minimum Deposit

$0

$0

Leverage Available

1:1000- 1:2000

50:1

Trade Limit (maximum per trade)

60/ 200 Standard lots per position depends on account types

Varies by instrument

Commission (per account type)

$0

Standard - $50/M Premium - $50/M Premium Plus - $40/M

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Bank Wire Transfer ACH Debit card

Withdrawal Methods

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Debit card Bank Wire transfer

Other E-Wallets Supported

FasaPay, Neteller

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Webinars, eBooks and Guides, Video Tutorials

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators


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Fees & Commissions

Trading-Related Fees

Spread: starts from 0.0- 1.2 pips, commissions: $0.03 per 1k lot, Commission for Forex: $0.03 - $3, gold: $7- $14

Spread starts from 0.0, commission- $30 per 1M

Spread (typical, fixed, variable)

Variable

Typical

Per Lot Fees

NA

NA

Options Contract Fees

NA

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

$0

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

34:20:00

50:1


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Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

$0

$0

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

$0

Vary on instruments and change on a daily basis

Statement or Document Fee

NA

$0

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

$0

Deposit Fee

$0

$0

Currency Conversion Fee

$0

0.50%

Withdrawal Fee

$0

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24x5

Customer Support Methods (phone, email, live chat)

Live support: Available 24/5, Email : [email protected], Phone: +44-203 097 85 71

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

27+

4


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Additional Information

Headquarters Location

financial hub of Limassol, Cyprus

Dashwood House 64, Old Broad Street London EC2M 1QS

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
While HFM maintains low trading fees with no minimum deposit, Oanda includes some charges for premium features and certain asset trades, making HFM the better option for budget-focused traders.
HFM gets you trading faster thanks to its minimal entry barriers. In comparison, Oanda account setup is slower but includes extra layers of financial screening and suitability assessments.
The trading interface of HFM is known for its speed and ease-of-use, while Oanda shines with its customizable layouts and advanced charting capabilities, making it a strong choice for serious analysts.
Those seeking technical depth may prefer HFM, while Oanda shines with intuitive design and streamlined features.