Both HFM and JustMarkets target the same low-deposit, beginner-friendly segment with a tiered account ladder — but the two brokers reach that goal through meaningfully different structures. This article puts them side by side on the specific factors that matter most for someone choosing between them.
Licensing: both multi-entity, similar overall structure
Both brokers hold a Tier-2 CySEC entity alongside offshore entities (HFM adds FCA on top, per our HFM overview), and both onboard most non-EU clients — including most Vietnamese traders — under an offshore entity by default. Neither has a clear structural advantage here; the same “confirm your entity directly” discipline applies equally to both.
Entry-level accounts: HFM’s Cent versus JustMarkets’ Standard Cent
HFM‘s Cent account starts from $5 with a five-tier upgrade ladder (Cent through InfinityX), covered in our HFM ranking article. JustMarkets’ Standard Cent starts from $10 with a four-account structure (Standard Cent, Standard, Pro, Raw Spread), covered in our JustMarkets review. HFM’s lower entry point and extra tier give slightly more granularity for a beginner’s upgrade path.
Cost structure at the high-frequency tier
HFM’s Zero account offers spreads from 0.0 pips with a $3/lot commission and no minimum deposit. JustMarkets’ Raw Spread requires a $200 minimum for a similar spread profile with a comparable commission, positioned specifically for gold and high-frequency traders per our JustMarkets top-list article. For a trader prioritizing the lowest possible entry cost at this tier, HFM’s no-minimum Zero account has a real edge.
Maximum leverage and risk profile
Both offer high leverage on offshore entities (HFM up to 1:2000 on some accounts, JustMarkets up to 1:3000) — both require the same self-imposed leverage discipline covered throughout this series, and neither has a meaningfully safer profile than the other on this specific dimension.
Where the two brokers genuinely diverge
The real difference isn’t cost or licensing — it’s account-ladder philosophy. HFM’s five tiers (Cent, Zero, Pro, Premium, InfinityX) give a clearer, more granular growth path as covered in our HFM articles, including a risk-loaded top tier (InfinityX) most traders should avoid. JustMarkets’ four accounts are simpler to navigate but offer less room to specialize by trading style once you outgrow the entry tier.
Platform and product range
Both brokers fully support MT4 and MT5 across their account lineups, avoiding the platform-fragmentation issue seen at some other brokers in this series (Alpari, XChief). Neither holds a meaningful edge on raw product range either — both focus primarily on forex, metals, and a standard set of CFDs rather than the wider stock/crypto CFD ranges seen at brokers like XChief or EBC.
Deposit and withdrawal experience
Both support a comparable range of payment methods (bank cards, e-wallets, bank transfer), with processing times in a similar ballpark for each method type. Neither broker has documented an unusual fee clause of the kind flagged at FBS (the discretionary 5% fee) or Puprime (the IBT second-withdrawal fee) — withdrawal costs at both HFM and JustMarkets are relatively straightforward once you account for standard intermediary bank/e-wallet fees outside either broker’s control.
Which one fits which trader?
A trader who expects to grow through several distinct stages over time may prefer HFM’s finer-grained ladder. A trader who wants to pick one account and stay there without much reconsideration may find JustMarkets’ simpler four-account structure easier to reason about from the start.
A practical way to decide instead of guessing
Rather than picking based on this article alone, open a small account at each — HFM’s Cent at $5 and JustMarkets’ Standard Cent at $10 — and run identical trades on both for a couple of weeks. The spread and execution differences you actually observe on your own trading pattern will tell you more than any comparison article, including this one, and the combined cost of testing both is under $15.
Frequently asked questions
Is one of these two brokers clearly safer than the other? Not meaningfully — both share a similar multi-entity structure and offshore-default onboarding pattern for most international clients.
Can you use both at once to compare directly? Yes — nothing prevents opening a small account at each and comparing real execution and spread behavior on your own trading pattern before committing further capital to either.
Does either broker’s promotion structure change this comparison? Not fundamentally — promotional terms rotate independently of the underlying account-cost comparison covered here.
Leaning toward HFM‘s five-tier ladder? Start with Cent to build a foundation before moving up.
HFM currently has a welcome offer for new accounts for a limited time — terms may change, check directly when you register.
Forex trading involves leverage and carries a high risk of capital loss regardless of which broker you choose. This is not investment advice. Learn more at FXM680’s Forex Academy.