Broker Alarab
Broker Comparison

Admirals vs HFM: Which Broker Is Better?

Compare Admirals and HFM across fees, spreads, regulation, account types, trading platforms and overall suitability for different trading needs.

Best Overall
HFM
Overall Rating
Best for Beginners
Both are suitable
Costs and Execution
Closely matched
Direct Comparison

Admirals vs HFM

VS
Admirals logo

Admirals

4.26out of 5
Best Suited For

MetaTrader forex trading

HFM logo

HFM

4.29out of 5
Best Suited For

Low-cost forex trading

Broker Alarab View
Our View on Admirals

Admirals is designed for MetaTrader users who want access to Trade and Zero accounts, MT4 and MT5, together with additional analytical tools and platform features.

It suits traders who want a choice between spread-based and commission-based pricing, although account availability, payment methods and regulatory protection depend on the client’s country and assigned entity.

Our View on HFM

HFM provides a range of account structures, from Cent and Premium accounts to Pro and Zero options, allowing traders to compare different deposit, spread and commission models.

It supports MT4, MT5 and Islamic-account options, but leverage, payment availability, withdrawal conditions and regulatory protection can vary significantly according to the client’s country and assigned entity.

Score Analysis

Strength Comparison

Compare Admirals and HFM across the main factors traders consider when choosing a broker.

Comparison Factor
Admirals
HFM

Safety & Trust

4.55
4.45

Fees & Costs

4.15
4.30

Trading Platforms

4.40
4.35

Deposits & Withdrawals

4.05
4.25

Customer Support

4.15
4.10

Small score differences do not mean the brokers are identical. Choose according to the factor that matters most to you, such as regulation, trading costs, platforms, withdrawals or customer support.

Accounts & Trading Costs

Compare Accounts and Fees

Compare account types, spreads, commissions and minimum deposits at Admirals and HFM.

Quick Cost Comparison
Trading costs are closely matched

Neither broker has a decisive cost advantage, so compare the conditions of each account.

Admirals
2
available accounts
HFM
4
available accounts
Ease of Entry
Best for Beginners
Both are suitable
Comparison
Admirals
HFM
Main Account
Trade
Cent
Minimum Deposit
$100
$0
Spread
0.5 - 1.2
1.4 - 1.8
Commission
$0
$0
Execution
Market Execution
Market Execution
Account Details

Explore Available Account Types

Open each broker to compare the spread, commission, deposit and execution method for every account.

Admirals Accounts

2 available accounts

Trade

Commission-free general trading

Details
Spread
0.5 - 1.2
Commission
$0
Deposit
$100
Execution: Market Execution
Zero

Scalpers and active traders

Details
Spread
0.0 - 0.3
Commission
From $3.6 per lot
Deposit
$100
Execution: Market Execution

HFM Accounts

4 available accounts

Cent

Beginners and small-volume trading

Details
Spread
1.4 - 1.8
Commission
$0
Deposit
No minimum deposit
Execution: Market Execution
Premium

Commission-free general trading

Details
Spread
1.4 - 1.8
Commission
$0
Deposit
No minimum deposit
Execution: Market Execution
Pro

Experienced traders seeking lower spreads

Details
Spread
0.6 - 1.0
Commission
$0
Deposit
$100
Execution: Market Execution
Zero

Scalpers and active traders

Details
Spread
0.0 - 0.3
Commission
From $6 per lot
Deposit
$25
Execution: Market Execution

Do not choose a broker based only on the number of accounts. Compare spreads, commissions, minimum deposits and execution methods before selecting a trading account.

Choose the Broker That Fits Your Trading

Continue after reviewing the available accounts and trading costs.

Safety & Regulation

Compare Broker Safety

Admirals vs HFM

Compare safety scores, regulators and the legal entity responsible for each trading account.

Admirals
4.55
Safety score out of 5
HFM
4.45
Safety score out of 5
Admirals
3 licencesIslamic account
HFM
5 licencesIslamic account

The number of licences alone is not enough. Verify the legal entity that will hold your account.

Admirals logo
Regulatory Profile

Admirals Licences

3 registered licences4.55 out of 5

Headquarters
Tallinn, Estonia
Islamic Account
Available

Regulators

3 records
CySECStrong oversight
Cyprus Securities and Exchange Commission
Licence Number
201/13
Legal Entity
Admirals Europe Ltd
FCAStrong oversight
Financial Conduct Authority
Licence Number
595450
Legal Entity
Admiral Markets UK Ltd
United Kingdom
Official Check
JSCModerate oversight
Jordan Securities Commission
Licence Number
1/3/01970/21
Legal Entity
Admiral Markets AS Jordan Ltd
Regulation and Fund Protection
Read the full analysis

Regulatory Summary

Admirals operates through entities that include Admiral Markets UK Ltd, authorised by the UK FCA under licence number 595450, and Admirals Europe Ltd, regulated by CySEC under licence number 201/13. The group also includes Admiral Markets AS Jordan Ltd, registered with the Jordan Securities Commission, providing a direct regulatory presence in the Arab region.

The Jordanian entity may be relevant to eligible traders in the region, but the account may be opened with a different company depending on the client’s country and available services. Trade and Zero accounts, leverage, products, complaint procedures and legal protection can vary between entities under the same Admirals brand.

Before opening an Admirals account, traders should match the legal entity and licence number in the client agreement with the regulator’s official register. This helps Arabic-speaking traders understand whether their account is assigned to the Jordanian, European or UK entity and assess the actual protection that applies.

Client Fund Protection at Admirals

Regulated Admirals entities hold eligible retail client funds in segregated accounts, separate from the money used for the company’s operations. Negative balance protection may also apply under the conditions of the relevant entity. Eligible clients registered with certain UK or European entities may qualify for statutory compensation or additional legal safeguards within defined limits.

These protections do not automatically apply to every Admirals account worldwide. Client-money rules, compensation eligibility and complaint procedures may differ between the Jordanian, UK, European and international entities. Traders should confirm the legal company named in their client agreement and review the protection available under that entity before depositing.

HFM logo
Regulatory Profile

HFM Licences

5 registered licences4.45 out of 5

Headquarters
Limassol, Cyprus
Islamic Account
Available

Regulators

5 records
CySECStrong oversight
Cyprus Securities and Exchange Commission
Licence Number
183/12
Legal Entity
HF Markets (Europe) Ltd
FCAStrong oversight
Financial Conduct Authority
Licence Number
801701
Legal Entity
HF Markets (UK) Limited
United Kingdom
Official Check
DFSAModerate oversight
Dubai Financial Services Authority
Licence Number
F004885
Legal Entity
HF Markets (DIFC) Limited
United Arab Emirates
Official Check
FSCAModerate oversight
Financial Sector Conduct Authority
Licence Number
46632
Legal Entity
HF Markets (Pty) Ltd
South Africa
Official Check
FSAInternational oversight
Financial Services Authority Seychelles
Licence Number
SD015
Legal Entity
HF Markets (Seychelles) Ltd
Seychelles
Official Check
Regulation and Fund Protection
Read the full analysis

Regulatory Summary

HFM operates through a multi-entity structure that includes HF Markets (UK) Limited, authorised by the UK FCA under licence number 801701, and HF Markets (Europe) Ltd, regulated by CySEC under licence number 183/12. The group also has entities supervised by the DFSA in Dubai, the FSCA in South Africa and the FSA in Seychelles, allowing it to serve clients in different regions.

The entity accepting an HFM account depends on the client’s country of residence and the available services. As a result, leverage, products, negative-balance protection and complaint procedures may vary, and the group’s multiple licences do not automatically give international clients the protection available under the FCA or CySEC entities.

Before selecting an HFM account, traders should review the legal company name and licence number in the client agreement and identify the regulator responsible for complaints. This assessment is more important than the number of licences alone, especially when comparing account flexibility and trading conditions with the actual level of regulatory protection.

Client Fund Protection at HFM

Regulated HFM entities hold eligible client funds in accounts separate from the company’s operating funds. Negative balance protection may also apply under the terms of the relevant account and legal entity, helping prevent eligible clients from remaining liable when exceptional market movements cause the trading-account balance to fall below zero.

Some clients registered under FCA or CySEC entities may qualify for statutory compensation schemes, but this protection does not automatically cover every HFM account worldwide. Client-money safeguards, compensation eligibility and complaint procedures may differ between the UK, Cyprus, Dubai, South Africa and Seychelles entities. Traders should confirm their legal company before depositing.

Before depositing, match the legal entity and licence number in your client agreement with the regulator’s official register.

Comparison Summary

Which Broker Fits You?

Choose based on your priorities, not the overall rating alone.

Overall Result
The two brokers are closely matched

The difference is limited. Make your decision based on the account, fees and trading platform you need.

Easier Start
Both are suitable
Fees & Costs
Costs are closely matched
Admirals logo
Alternative Choice by Priority

Admirals

4.26
out of 5
Choose This Broker If You Want

Trade and Zero accounts with MetaTrader trading tools

MetaTrader tradersExpert Advisor users
Important

Account availability, client protection and payment methods vary by country and entity

HFM logo
Alternative Choice by Priority

HFM

4.29
out of 5
Choose This Broker If You Want

Wide account range from Cent to Premium and Zero

Beginner tradersCent account users
Important

Leverage, protection and account conditions vary by regulatory entity

Final Decision
Broker Alarab View

HFM provides a range of account structures, from Cent and Premium accounts to Pro and Zero options, allowing traders to compare different deposit, spread and commission models.

Check the account conditions, fees and regulatory entity available in your country before registering.

Frequently Asked Questions

Questions About Admirals and HFM

Important answers before opening an account or choosing the more suitable broker.

Admirals
HFM

Questions About Admirals

3 questions

Why does Admirals list Trade and Zero accounts separately for MT4 and MT5?

Trade.MT4 and Trade.MT5 use broadly similar pricing on different platforms, as do Zero.MT4 and Zero.MT5. They can therefore be grouped as Trade and Zero while listing platform availability separately.

Is the Admirals Zero account always cheaper than Trade?

Zero offers spreads from 0.0 pips with a separate commission, while Trade includes broker costs in the spread. The cheaper option depends on live spreads, trade size and trading frequency.

What is Admirals Invest.MT5 and why is it not listed as a forex account?

Invest.MT5 is designed for eligible investment products under different conditions. It is not the same category as the Trade and Zero forex and CFD pricing accounts.

Questions About HFM

3 questions

What is the real difference between HFM Cent, Premium, Pro and Zero accounts?

Cent and Premium use commission-free pricing, while Pro offers lower spread-based pricing for experienced traders. Zero provides spreads from 0.0 pips with a separate commission and is generally better suited to scalpers and active traders.

Is the HFM Zero commission $3 or $6 per lot?

The commission starts at about $3 per side, which is approximately $6 for opening and closing one standard lot. The final charge can vary by instrument and account entity.

Does the HFM Zero account always provide a 0.0-pip spread?

No. A spread from 0.0 pips is a minimum quote, not a permanent spread. Live pricing is variable and can widen during news releases, volatile markets or periods of lower liquidity.

Conditions may vary by country and regulatory entity. Review the account details before registering.