HFM
CySEC/FCA/FSCA
XM
CySEC/ASIC/DFSA
HFM vs XM
Head-to-Head Comparison 2026
Our Verdict
XM has a higher rating of 4.1/5 compared to HFM (4/5). HFM offers 8 instrument types, while XM offers 7. The minimum deposit is lower at HFM with 0 $. XM has been in the market since 2009, making it the more experienced provider.
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 |
| 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 $.
XM: From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero). Minimum deposit: 5 $.
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