HFM
CySEC/FCA/FSCA
XM
CySEC/ASIC/DFSA
HFM vs XM
Head-to-Head Comparison 2026
By SofiaOur Verdict
HFM and XM are established forex/CFD brokers with many account types and bonus programs. XM promises no requotes and frequent promotional bonuses, while HFM offers tighter spreads on Zero accounts. Bonus hunters lean to XM, cost-focused traders to HFM.
Comparison Table
| Criteria | HFM | XM |
|---|---|---|
| Rating | 4/5 (950 reviews) | 4.1/5 (1800 reviews)✓ |
| Regulation | CySEC/FCA/FSCA | CySEC/ASIC/DFSA |
| Fees | From 1.2 pips (Premium), from 0.0 pips + commission (Zero) | From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero) |
| Min. Deposit | 0 $ | 5 $ |
| Instruments | Forex, Metals, Indices, Stocks CFDs, Commodities, Bonds CFDs, ETFs CFDs, Crypto CFDs | Forex, Stocks CFDs, Indices, Commodities, Metals, Energies, Crypto CFDs |
| Platforms | MT4, MT5, HFM App | MT4, MT5, XM App |
| Options Trading | No | No |
| Spread (typical) | EUR/USD from 1.2 pip (Premium), 0.0 pip (Zero) + $6.00 per lot | EUR/USD from 1.6 pip (Standard), 0.6 pip (Ultra Low), 0.0 pip (Zero) + $3.50 per lot |
| Inactivity Fee | $5/month after 6 months of inactivity | $5/month after 90 days of inactivity |
| Founded | 2010 | 2009 |
| Headquarters | St. Vincent | Limassol |
Detailed Comparison
Fee Comparison
HFM: From 1.2 pips (Premium), from 0.0 pips + commission (Zero). Minimum deposit: 0 $. Spread: EUR/USD from 1.2 pip (Premium), 0.0 pip (Zero) + $6.00 per lot. Inactivity fee: $5/month after 6 months of inactivity.
XM: From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero). Minimum deposit: 5 $. Spread: EUR/USD from 1.6 pip (Standard), 0.6 pip (Ultra Low), 0.0 pip (Zero) + $3.50 per lot. Inactivity fee: $5/month after 90 days of inactivity.
Product Range
HFM (8 categories)
XM (7 categories)
Trading Platforms
HFM
- MT4
- MT5
- HFM App
XM
- MT4
- MT5
- XM App
Regulation & Security
HFM is regulated by CySEC/FCA/FSCA (HQ: St. Vincent).
XM is regulated by CySEC/ASIC/DFSA (HQ: Limassol).
Who Is It For?
HFM
Multi-regulated broker with premium account types and HFcopy
✓ No minimum deposit
✓ HFcopy copy trading platform
✓ Various account types
✗ Spreads higher on Standard account
✗ Headquartered in St. Vincent
XM
Award-winning broker with extensive educational offerings
✓ Over 1,000 tradable instruments
✓ Extensive webinars and education
✓ Low minimum deposit ($5)
✗ CFD trading only
✗ Inactivity fee after 90 days