HFM (HotForex) vs ThinkMarkets: which broker is better in 2026?
We compare HFM (HotForex) and ThinkMarkets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, ThinkMarkets edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaHFM (HotForex)ThinkMarkets
Overall score 3.5 3.8
Regulation & safety 3.0 3.5
Fees & deposit 3.5 4.0
Platform & assets 4.0 4.0
User support 3.5 3.5
Trust score68/10074/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, HFM appThinkTrader, MetaTrader 4, MetaTrader 5
Fee modelVarious accounts (spread/zero); figures varyThinkZero (raw) or Standard account; competitive
Pros & cons
- 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
- FCA/ASIC/CySEC regulation + its own ThinkTrader platform
- Competitive spreads (ThinkZero raw account)
- MT4/MT5 available
- Smaller brand than tier-1 giants
- Entity availability differs per region
- Leverage is high-risk
Regulation at a glance
HFM (HotForex)
HFM (formerly HotForex) — regulated by CySEC, FCA, FSCA, DFSA, FSA (Seychelles), FSC (Mauritius). Many clients via offshore entities.
ThinkMarkets
Regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Japan for the related entity). Has its own ThinkTrader platform.