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HFM (HotForex)
VS
IG

HFM (HotForex) vs IG: which broker is better in 2026?

We compare HFM (HotForex) and IG — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IG edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaHFM (HotForex)IG
Overall score 3.5 4.1
Regulation & safety 3.0 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score68/10085/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, HFM appProprietary web platform, Mobile app, MetaTrader 4 (in some markets)
Fee modelVarious accounts (spread/zero); figures varySpread & commission model varies per product — details not yet verified

Pros & cons

HFM (HotForex)
  • Many account types & instruments; CySEC/FCA licenses for certain entities
  • Global presence & promotions
  • MT4/MT5
  • Many retail clients via offshore entities (Seychelles/Mauritius)
  • Relies on promotions; read the terms
  • Leverage is high-risk
IG
  • Very strong regulation — supervised by the FCA & a FTSE 100 public company (high financial transparency from public-company duties)
  • One of the oldest & largest providers (since 1974) with 19,000+ markets
  • Mature platforms: proprietary web + mobile app + MT4 in some markets
  • Leveraged products (CFDs/spread betting) remain high-risk regardless of strong regulation
  • Spreads/fees aren't always the cheapest compared to low-cost ECN brokers
  • Product availability & regulatory entity differ per country — verify which serves your region

Regulation at a glance

HFM (HotForex)

HFM (formerly HotForex) — regulated by CySEC, FCA, FSCA, DFSA, FSA (Seychelles), FSC (Mauritius). Many clients via offshore entities.

IG

Regulated by the Financial Conduct Authority (FCA) in the UK. Listed on the London Stock Exchange, a FTSE 100 constituent — high financial transparency due to public-company obligations.