HF Markets vs Interactive Brokers
HF Markets or Interactive Brokers – which is better for UK traders 2024? Compare HF Markets and Interactive Brokers in this detailed breakdown of their platforms, features and fees.
HF Markets | Interactive Brokers |
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HF Markets is ranked #97 among CFD brokers. | Interactive Brokers is ranked #8 among CFD brokers. |
HF Markets is an established CFD broker with over 3 million clients and more than 60 industry awards. The trustworthy firm is authorized by several leading regulators, including the CySEC and FCA. New traders get a choice of accounts to suit different strategies and experience levels while the firm stands out for its impressive range of trading tools, from the MetaTrader software to Autochartist and the bespoke copy trading app, HFCopy. | Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
CFDs, Forex, Metals, Energies, Stocks, Indices, Commodities, Bonds, ETFs | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $100 |
Regulator | |
CySEC, FCA, DFSA, FSCA, FSA, CMA | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1.55 - 2.59% | |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | Yes |
TradingView | |
No | No |
Autochartist | |
Yes | No |
eSignal | |
No | Yes |
Trading Central | |
No | Yes |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | No |
DMA Account | |
Yes | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Capitalise.ai & TWS API |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
The HFCopy app allows users to automatically copy the trades of experienced traders in a few taps. You can follow multiple traders at the same time, set a rescue level to protect your capital, and withdraw profits without restrictions. You can start copy trading in 4 easy steps. | |
Social Trading | |
No | No |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$5 | $0 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
HF Markets offers over 1000 CFDs spanning forex, stocks, indices, commodities, bonds and ETFs. Traders can speculate on rising and falling prices with flexible leverage. Fees are also transparent with no hidden charges. | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. |
Leverage | |
1:30 (EU), 1:1000 (Global) | 1:50 |
FTSE Spread | |
1.7 | 0.005% (£1 Min) |
GBPUSD Spread< | |
2.0 | 0.08-0.20 bps x trade value |
Oil Spread | |
0.05 | 0.25-0.85 |
Stocks Spread | |
Variable | 0.003 |
Forex | |
HF Markets offers trading on over 50 currency pairs including all majors. The no dealing desk model ensures fast execution speeds with tight spreads from 0.1 pips. HFM also offers excellent research and analysis in the currency markets. | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
Assets | |
50+ | 100+ |
GBPUSD Spread | |
2.0 | 0.08-0.20 bps x trade value |
EURUSD Spread | |
1.2 | 0.08-0.20 bps x trade value |
EURGBP Spread | |
1.7 | 0.08-0.20 bps x trade value |
Currency Indices | |
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Cryptocurrency | |
IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | |
Spread | |
0.12%-0.18% | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
HF Markets | Interactive Brokers |
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