HFM vs SBI FX Trade

What each publishes, side by side. — means we haven't got it from the broker's own pages.

	HFM	SBI FX Trade
Licences on a register	6 of 6	1 of 1
Regulators	FSCAFCACySECFSA SeychellesCMA KenyaDFSA	JFSA Japan
Lowest spread	0.0Advertised minimum on Zero (forex & gold); Premium from 1.2	—
Commission / lot	from $3Zero account, per lot as stated by HFM (per-side or round-trip not specified). Premium: no commission	—
Min deposit	R0Premium account. Zero R450, Pro R900, Pro Plus R1,800	—
Licences stated✓ = matched on register	✓ FSCA 46632 ✓ FCA 801701 ✓ CySEC 183/12 ✓ FSA Seychelles SD015 ✓ CMA Kenya 155 ✓ DFSA F004885	✓ JFSA Japan Kanto LFB (FIBO) No. 2635
Regulator warningsFCA list, name match	Unauthorised firm using a similar name Clone of an authorised firm Unauthorised firm using a similar name Unauthorised firm using a similar name	None found
Trustpilot	4.52,935 reviewsRead on Trustpilot ↗	—Read on Trustpilot ↗
Regulator warning naming the firm	None found	None found
Visit	Visit HFM	Visit SBI FX Trade

Broker onevsBroker two

Not a recommendation. Info may be out of date or wrong. Always check with the regulator before you trade.