Choosing the right forex broker is crucial for traders. Two popular options are XM and HFM. Both brokers offer competitive trading conditions, but they have key differences. In this XM vs HFM comparison, we’ll look at their features, fees, platforms, and more to help you decide which one suits your trading needs.
Below a simple and clean comparison table for XM vs HFM:
| Feature | XM | HFM |
|---|---|---|
| Regulation | CySEC, ASIC, IFSC, FCA | CySEC, FCA, FSCA, DFSA |
| Min. Deposit | $5 | $100 (Premium), $0 (Micro) |
| Spreads | From 1 pip (Standard), 0 pips (Zero) | From 1 pip (Premium), 0 pips (Zero) |
| Commission | $3.5/lot (Zero Account) | $3/lot (Zero Account) |
| Leverage | Up to 1:1000 (non-EU) | Up to 1:1000 (varies by regulator) |
| Platforms | MT4, MT5, XM WebTrader | MT4, MT5, HFM Platform |
| Account Types | Micro, Standard, Zero, Shares | Premium, Zero, HFcopy, Auto |
| Bonuses | 30% deposit bonus | 100% supercharged bonus |
| Withdrawals | Within 24 hours | 1-3 business days |
| Customer Support | 24/5 live chat, email, phone | 24/5 live chat, email, phone |
| VISIT BROKER | VISIT BROKER |
XM Overview
- Regulated by CySEC (Cyprus), ASIC (Australia), IFSC (Belize), and FCA (UK).
- Strong reputation with over 10 million clients worldwide.
- Offers negative balance protection for retail traders.
HFM Overview
- Regulated by CySEC, FCA, FSCA (South Africa), and DFSA (Dubai).
- Also provides negative balance protection.
- Trusted by millions of traders globally.
Winner: Both are well-regulated, but XM has a slight edge due to its ASIC regulation.
Trading Platforms
Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular trading platforms.
XM
- Offers MT4, MT5, and XM WebTrader.
- Mobile apps available for iOS and Android.
- Supports one-click trading and expert advisors (EAs).
HFM
- Provides MT4, MT5, and HFM Platform (Web & Mobile).
- Also allows automated trading with EAs.
Winner: Both are equal since they offer the same platforms.
Account Types
XM
- Micro Account – Low minimum deposit ($5).
- Standard Account – No commissions, spreads from 1 pip.
- XM Zero Account – Tight spreads (from 0 pips) with a $3.5 commission per lot.
- Shares Account – For stock trading.
HFM
- Premium Account – Minimum deposit $100, spreads from 1 pip.
- Zero Spread Account – From 0 pips with a $3 commission.
- HFcopy Account – For copy trading.
- Auto Account – For expert advisors.
Winner: HFM offers more variety, especially for copy traders.
Spreads & Fees
XM
- Standard spreads start from 1 pip (EUR/USD).
- Zero Account offers 0 pips with a small commission.
- No deposit or withdrawal fees.
HFM
- Standard spreads from 1 pip (EUR/USD).
- Zero Account has 0 pips with a $3 commission.
- No hidden fees on deposits/withdrawals.
Winner: Tie – Both offer similar pricing.
Leverage
- XM: Up to 1:1000 (for non-EU clients).
- HFM: Up to 1:1000 (for global clients under certain regulators).
Winner: Both offer high leverage, but HFM is more flexible for professional traders.
Deposits & Withdrawals
Both brokers support:
- Credit/debit cards (Visa, Mastercard).
- Bank transfers.
- E-wallets (Skrill, Neteller, PayPal).
XM processes withdrawals within 24 hours, while HFM may take 1-3 business days.
Winner: XM is slightly faster.
Bonuses & Promotions
XM
- 30% deposit bonus (up to $500).
- Loyalty program with cash rewards.
HFM
- 100% supercharged bonus (conditions apply).
- Seasonal promotions and cashback offers.
Winner: HFM has more attractive bonuses.
Customer Support
Both offer:
- 24/5 live chat.
- Email & phone support.
- Multilingual assistance.
Winner: Tie – Both provide excellent support.
Final Verdict: XM or HFM?
- Choose XM if: You prefer ASIC regulation, fast withdrawals, and a simple account structure.
- Choose HFM if: You want more account options, better bonuses, and copy trading.
Both brokers are reliable, so your choice depends on your trading style.
