Side-by-side review

XM HFM

Detailed comparison of XM and HFM on costs, regulation, platforms and features. Last updated September 2026.

XM leads with a score of 8.5/10 vs 7.8/10. HFM opens for less ($0.01 vs $5). XM quotes the tighter spread, from 0.60 pips. Maximum leverage is 1:1000 at XM and 1:2000 at HFM. Which one fits depends on your account size and how often you trade — the full breakdown is below.

XM 8.5/10
HFM 7.8/10
Min deposit $5 · $0.01
Spread from 0.60 · 1.20 pips
Regulation
0 · 0 regulators
XM vs HFM — see details below.
Trading costs
XM has lower spreads
Compare spreads, commission and minimum deposit.
Platforms
2 · 4 platforms
HFM supports more platforms.
Overall score
XM leads
Based on FX ReviewLab ratings.
Comparing
XM
8.5 /10 Regulated
Visit XM
HFM
7.8 /10 Regulated
Visit HFM
General info
Founded
2009
2010
Headquarters
Cyprus
Limassol, Cyprus
Status
Regulated
Regulated
FX ReviewLab score
8.50 / 10Better
7.80 / 10
Trustpilot
4.4 ★ (1,000)Better
4.0 ★ (10,000)
Regulation & safety
Regulators
— None on record
— None on record
Trading conditions
Min deposit
$5
$0.01Better
Max leverage
1:1000
1:2000
Spread from
0.60 pipsBetter
1.20 pips
Commission / lot
$0.00
$0.00
Platforms & products
Platforms
MT4MT5
MT4MT5HFM AppWebTrader
Account types
StandardMicroUltra LowShares
ForexMetalsEnergiesStocksIndicesBondsCommoditiesETFs*Cryptocurrencies
Instruments
ForexCFDsStocksIndicesCommoditiesMetalsCrypto
ForexCFDsCryptoCommoditiesStocksIndices
Features
Demo account
Yes
Yes
Islamic account
Yes
Yes
Copy trading
Yes
Yes
Deposits & withdrawals
Payment methods

Frequently asked questions: XM vs HFM

Which is better, XM or HFM?

XM scores higher in our review (8.5/10 vs 7.8/10), but the best choice depends on your priorities — compare their regulation, spreads, leverage and platforms below before deciding.

Is XM regulated?

XM is regulated by no regulator on record.

Is HFM regulated?

HFM is regulated by no regulator on record.

Which has the lower minimum deposit, XM or HFM?

HFM has the lower minimum deposit (XM: $5 vs HFM: $0.01).

Risk warning: Forex, CFDs and other leveraged products carry a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The content on this page is for information only and does not constitute financial advice. Consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.