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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 reviewTrust rank #22 · Editorial rating 9.1 / 10 · Founded 2017
tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…
Read the tastytrade 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. tastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. The two overlap in 54 countries; HFM is available in 174 countries where tastytrade is not, and tastytrade 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 | tastytrade |
|---|---|---|
| Editorial rating | Not verified | 9.1 / 10 |
| Trust rank | #29 | #22 |
| Founded | 2010 | 2017 |
| Headquarters | Cyprus | United States |
| Regulators | CySEC, DFSA, FCA, FSCA | CFTC, NFA |
| Broker type | Market Maker, STP | Market Maker |
| Platforms | MT4, MT5 | Proprietary |
| Instruments | Commodities, Forex, Indices, Metals | Forex |
| Countries accepted | 228 countries | 56 countries |
| Fee level | Low | Medium |
| Trading types | CFD Trading, Spot Trading | Spot Trading |
| Best-for use cases | Copy Trading, Retail 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 (54): Andorra, Argentina, Austria, Bahrain, Belgium, Brazil, Chile, Colombia, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal and 14 more.
Only HFM (174): Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Burkina Faso and 149 more.
Only tastytrade (2): 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.
HFM holds more regulatory licences: HFM (CySEC, DFSA, FCA, FSCA) versus tastytrade (CFTC, NFA). Tier-1 licences: HFM 1, tastytrade 2.
HFM offers MT4, MT5; tastytrade offers Proprietary.
HFM is in the lower fee bracket (low vs medium) in our catalogue.
HFM is the older of the two, founded in 2010; tastytrade was founded in 2017.
They overlap in 54 countries. HFM is additionally available in 174 countries (Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla and 168 more) and tastytrade in 2 countries (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.