Score by factor
| Factor | HFM | Pepperstone |
|---|---|---|
| Regulation & safety (30%) | 10.0 ✓ | 8.3 |
| Trading costs (20%) | 8.4 | 9.3 ✓ |
| Funding in Africa (20%) | 9.5 ✓ | 4.5 |
| Platforms & tools (15%) | 7.0 | 10.0 ✓ |
| Support & education (15%) | 10.0 ✓ | 6.0 |
Side by side
| HFM | Pepperstone | |
|---|---|---|
| FX Radar score | 9.1/10 | 7.6/10 |
| African licences | South Africa (FSCA), Kenya (CMA) | Kenya (CMA) |
| Min deposit | $0 Cent/Premium/Zero (≈$5 by payment method) | $0 |
| African-currency accounts | KES, ZAR | None |
| M-Pesa | Yes | Yes |
| EUR/USD spread | ~1.0 pip EUR/USD on Premium · from 0.0 on Zero | ~0.77 pips on Standard · ~0.10 + commission on Razor |
| Commission | None on Premium · per lot on Zero | $7 round turn on Razor (MT) |
| Max leverage | Up to 1:2000 (1:400 under CMA) | Up to 1:400 (Kenya) |
| Withdrawals | E-wallets same day · SA bank ≤2 days · cards up to 10 business days | Processed same day; arrival depends on method |
| Platforms | MT4, MT5, HFM App, WebTrader | MT4, MT5, cTrader, TradingView, Pepperstone app |
| Support | 24/7 · live chat, email, phone | 24/7 · live chat, phone, email |
| Founded | 2010 | 2010 |
Which should you choose?
Choose HFM if you want…
- CMA and FSCA licensed
- Nairobi office and KES accounts
- $0 minimum and M-Pesa funding
- Strong free education centre
Choose Pepperstone if you want…
- Five platforms incl. cTrader and TradingView
- Very low Razor costs
- $0 minimum
- 24/7 support
Scores and facts come from the same data as our broker reviews and update when brokers change their terms. Last checked 6 Oct 2026.