Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.
Data refreshed 25 Sep 2026 · Compiled by David Ispiryan
Trust rank #29 · Founded 2010
HFM (formerly HotForex) is a well-regarded forex and CFD broker offering broad market access through popular platforms, varied account types, and risk management tools. It provides research, education, and multilingual support with…
Read the HFM review
Trust rank #25 · Editorial rating 9 / 10 · Founded 2012
JustMarkets is a forex and CFD broker offering broad market access on MetaTrader platforms with multiple account options and flexible conditions. It provides education, market insights, and multilingual support in a straightforward,…
Read the JustMarkets reviewHFM (Cyprus, founded 2010) holds 4 regulatory licences (CySEC, DFSA, FCA, FSCA), 1 of them tier-1, offers MT4, MT5 and sits in our low-fee bracket. JustMarkets (Mauritius, founded 2012) holds 3 regulatory licences (FSA Seychelles, FSC Mauritius, SVGFSA), offers MT4, MT5 and sits in our low-fee bracket. The two overlap in 224 countries; HFM is available in 4 countries where JustMarkets is not, and JustMarkets in 2 where HFM is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | HFM | JustMarkets |
|---|---|---|
| Editorial rating | Not verified | 9 / 10 |
| Trust rank | #29 | #25 |
| Founded | 2010 | 2012 |
| Headquarters | Cyprus | Mauritius |
| Regulators | CySEC, DFSA, FCA, FSCA | FSA Seychelles, FSC Mauritius, SVGFSA |
| Broker type | Market Maker, STP | ECN, STP |
| Platforms | MT4, MT5 | MT4, MT5 |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 228 countries | 226 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Retail Trading | Copy Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (224): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island and 184 more.
Only HFM (4): Australia, India, Japan, United Kingdom.
Only JustMarkets (2): Türkiye, United Arab Emirates.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
HFM holds more regulatory licences: HFM (CySEC, DFSA, FCA, FSCA) versus JustMarkets (FSA Seychelles, FSC Mauritius, SVGFSA). Tier-1 licences: HFM 1, JustMarkets 0.
HFM offers MT4, MT5; JustMarkets offers MT4, MT5.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
HFM is the older of the two, founded in 2010; JustMarkets was founded in 2012.
They overlap in 224 countries. HFM is additionally available in 4 countries (Australia, India, Japan, United Kingdom) and JustMarkets in 2 countries (Türkiye, United Arab Emirates).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.