
HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.
Side-by-side comparison of HF Markets and TMGM on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.

TMGM (TradeMax Global Markets) is an Australian broker founded in 2013 in Sydney, focused on multi-asset trading: Forex, Stocks, Crypto, Indices. Famous for ECN execution and 12,000+ stock CFDs.
HF Markets wins 7/13 categories — the better all-round choice.
| Field | HF Markets | TMGM |
|---|---|---|
| Rebate per lot | $12 / lot | $9.40 / lot |
| Spread from | 0.1 pips | 0 pips |
| Execution speed | 90 ms | 45 ms |
| Max leverage | 1:2000 | 1:500 |
| Min deposit | $10 | $100 |
| User rating | 4.8 / 5 (2,841) | 4.0 / 5 (1,245) |
| Trust score | 8.61 / 10 | 8.05 / 10 |
| Execution type | Market Execution / STP | ECN / DMA |
| Liquidity providers | 11+ | 17+ |
| Regulators | FCA (UK) #801701 · CySEC (CY) #183/12 · FSCA (ZA) #46632 | ASIC (AU) #436416 · FMA (NZ) #FSP345553 · VFSC (VU) #40356 |
| Platforms | MT4 · MT5 · HFM Mobile · HFM WebTrader | MT4 · MT5 · IRESS · TMGM Mobile |
| Payout frequency | รายวัน | ทุก 2 วัน |
| Withdrawal time | ภายใน 24 ชม. | 1-4 ชม. |
| Swap-free / Islamic | ✓ | — |
| Scalping allowed | ✓ | ✓ |
| EA / algo allowed | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
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