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Data refreshed 25 Aug 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 #19 · Founded 1996
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
Read the OANDA 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. OANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 50 countries; HFM is available in 178 countries where OANDA is not, and OANDA in 3 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 | OANDA |
|---|---|---|
| Trust rank | #29 | #19 |
| Founded | 2010 | 1996 |
| Headquarters | Cyprus | Canada |
| Regulators | CySEC, DFSA, FCA, FSCA | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA |
| Broker type | Market Maker, STP | Market Maker |
| Platforms | MT4, MT5 | MT4, Proprietary, TradingView |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Forex, Indices, Metals |
| Countries accepted | 228 countries | 53 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Retail Trading | Professional 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 (50): American Samoa, Australia, Austria, Belgium, Bulgaria, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Guam, Hong Kong, Hungary, Indonesia, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Philippines, Poland, Portugal, Puerto Rico, Romania and 10 more.
Only HFM (178): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 153 more.
Only OANDA (3): Canada, United Arab Emirates, United States of America.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: HFM (CySEC, DFSA, FCA, FSCA) versus OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA). Tier-1 licences: HFM 1, OANDA 7.
HFM offers MT4, MT5; OANDA offers MT4, Proprietary, TradingView.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
OANDA is the older of the two, founded in 1996; HFM was founded in 2010.
They overlap in 50 countries. HFM is additionally available in 178 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 172 more) and OANDA in 3 countries (Canada, United Arab Emirates, United States of America).
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.