Side-by-side review

Pepperstone HFM

Detailed comparison of Pepperstone and HFM on costs, regulation, platforms and features. Last updated July 2026.

Pepperstone leads with a score of 8.5/10 vs 7.8/10. Pepperstone has a lower minimum deposit ($0). See the full breakdown below.

Pepperstone 8.5/10

HFM 7.8/10

Min deposit $0 · $0.01

Spread from 0.00 · 1.20 pips

Pepperstone 8.5/10

HFM 7.8/10

Regulation

4 · 0 regulators

Pepperstone vs HFM — see details below.

Trading costs

Pepperstone has lower spreads

Compare spreads, commission and minimum deposit.

Platforms

4 · 4 platforms

Both offer popular platforms.

Overall score

Pepperstone leads

Based on FX ReviewLab ratings.

Comparing

Pepperstone

8.5 /10 Regulated

Visit Pepperstone

HFM

7.8 /10 Regulated

Visit HFM

General info

Founded

2010

Headquarters

Melbourne, Australia

Limassol, Cyprus

Status

Regulated

FX ReviewLab score

8.50 / 10Better

7.80 / 10

Trustpilot

4.7 ★ (12,000)Better

4.0 ★ (10,000)

Regulation & safety

Regulators

ASIC BaFin CySEC FCA

— None on record

Trading conditions

Min deposit

$0Better

$0.01

Max leverage

1:500

1:2000

Spread from

0.00 pipsBetter

1.20 pips

Commission / lot

$3.50

$0.00Better

Platforms & products

Platforms

MT4MT5cTraderTradingView

MT4MT5HFM AppWebTrader

Account types

StandardRazor MT4Razor MT5Razor cTrader

ForexMetalsEnergiesStocksIndicesBondsCommoditiesETFs*Cryptocurrencies

Instruments

ForexIndicesCommoditiesCryptoSharesETFs

ForexCFDsCryptoCommoditiesStocksIndices

Features

Demo account

Yes

Islamic account

Yes

Copy trading

Yes

Deposits & withdrawals

Payment methods

VisaMastercardBank wirePayPalSkrillNetellerApple Pay

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Pepperstone Visit Pepperstone →

Pepperstone review Broker profile

HFM Visit HFM →

HFM review Broker profile

Frequently asked questions: Pepperstone vs HFM

Which is better, Pepperstone or HFM?

Pepperstone scores higher in our review (8.5/10 vs 7.8/10), but the best choice depends on your priorities — compare their regulation, spreads, leverage and platforms below before deciding.

Is Pepperstone regulated?

Pepperstone is regulated by no regulator on record.

Is HFM regulated?

HFM is regulated by no regulator on record.

Which has the lower minimum deposit, Pepperstone or HFM?

Pepperstone has the lower minimum deposit (Pepperstone: $0 vs HFM: $0.01).

Risk warning: Forex, CFDs and other leveraged products carry a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The content on this page is for information only and does not constitute financial advice. Consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.