JustMarkets vs HFM: Entities, Accounts and Costs
JustMarkets vs HFM: both multi-entity MT4/MT5 brokers with low entry, but HFM has FCA (UK) and CMA (Kenya) entities while JustMarkets has CySEC and FSCA.
Reviewed by Hà Ngọc Lộc· Senior SEO Editor
Reviewed using our forex & CFD broker review methodology
JustMarkets and HFM both target low-deposit MT4/MT5 traders, but their regulatory footprints differ. HFM has an FCA-regulated UK entity and a CMA-licensed Kenyan entity (licence 155). JustMarkets serves neither the UK nor Kenya locally, but has a CySEC entity for the EU and an FSCA intermediary for South Africa. On cost, JustMarkets Raw Spread charges $3 per side (about $6 round turn). HFM Zero is indicatively about $6 round turn. Entry is $10 at JustMarkets and $0 on HFM's Cent, Zero and Premium accounts. Both are on India's RBI Alert List and Malaysia's SC Investor Alert List.
Side by Side
| JustMarkets | HFM | |
|---|---|---|
| Tier-1 / EU entity | CySEC 401/21 (EU) | FCA 801701 (UK); CySEC 183/12 (professional only) |
| Africa | FSCA FSP 51114 (intermediary) | FSCA entity; CMA Kenya licence 155 |
| Offshore | FSA Seychelles SD088, FSC Mauritius, FSC BVI | FSA Seychelles SD015, SVG company |
| Entry account | Standard / Cent: $10, from 0.3 pips | Cent / Premium / Zero: $0 |
| Raw account | Raw Spread $200, $3/side | Zero, ~ $6 round turn (indicative) |
| Max leverage (offshore) | 1:3000 | 1:2000; unlimited on InfinityX |
| Stop-out | 20% (margin call 40%) | Per account terms |
| Platforms | MT4, MT5, JustMarkets app (MT5 only) | MT4, MT5, HFM App, TradingView-powered WebTrader |
| Not served | AU, CA, JP, IN, UK, US | US, Canada and others (per HFM) |
| Warnings found | SC Malaysia, RBI India | SC Malaysia, RBI India |
JustMarkets data from justmarkets.com (2026-10-01). HFM data from our HFM review (2026-08-20).
Who Each Suits
- UK or Kenya resident: HFM, through its FCA or CMA entity. JustMarkets doesn't serve the UK and isn't CMA-licensed.
- EU resident: JustMarkets' CySEC entity serves retail clients. HFM's CySEC entity accepts professional clients only.
- South Africa: both have FSCA-linked options. Compare ZAR funding and spreads.
- Cheapest raw trading: commissions are similar ($6 round turn), so compare average spreads on demo.
Cost Example (1 lot EURUSD)
| Account | Spread | Commission | All-in |
|---|---|---|---|
| JustMarkets Standard | ~0.3+ pips (published minimum) | $0 | Depends on average |
| HFM Premium | ~1.4 pips | $0 | ~$14 |
| JustMarkets Raw Spread | ~0.1 pips | $6 | ~$7 |
| HFM Zero | ~0.1 pips | from $6 | ~$7 |
Both raw accounts cost about the same. Check average spreads on demo, because "from" figures are minimums.
Official sources: JustMarkets official site (justmarkets.com) · HFM official site (hfm.com).
JustMarkets vs HFM: Your Questions Answered
Is JustMarkets better than HFM?
It depends on your country. HFM covers the UK and Kenya locally, and JustMarkets covers EU retail through CySEC. Elsewhere both onboard offshore.
Which has a lower minimum deposit?
HFM lists $0 on Cent, Zero and Premium. JustMarkets starts at $10.
Related: JustMarkets review, HFM review, Exness vs HFM.
Sources: justmarkets.com account, regulations and restricted-jurisdictions pages (2026-10-01); competitor terms from our dated reviews. Competitor figures were not re-verified on the competitor's site on 2026-10-01; confirm before opening an account. CFDs carry a high risk of losing money rapidly due to leverage.
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Sources & verification
- Last checked
- Written by
- HNL Growth Team
- Reviewed by
- Hà Ngọc Lộc
- Length
- 2 min read · 519 words
Rules, prices and payout terms on this page were checked against the official websites, help-centre articles and published terms of the firms mentioned, on the date above. Prop firms and brokers change conditions often — confirm the current version on the official site before you buy or deposit. Read our broker review methodology and affiliate disclosure.
Official sources & documentation verified
- JustMarkets official site(justmarkets.com)
- HFM official site(hfm.com)
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Check Each Broker for Your Country
Listed in no particular order. Each broker onboards you through a different legal entity depending on where you live — confirm the entity, its regulator, leverage cap and withdrawal terms before funding.
JustMarkets
$10 Standard/Cent · MT4/MT5 · offshore + CySEC entities
HFM
$0 Cent/Zero/Premium · MT4/MT5 + HFM App · FCA/FSCA/CMA/offshore
Risk disclaimer: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly. Protections, leverage and available products depend on the entity that holds your account. Affiliate disclosure: HNL Growth may earn a commission when you open an account through broker links on this page.