HFMFrom 1.2 pips (Premium), from 0.0 pips + commission (Zero)
- Published fee
- From 1.2 pips (Premium), from 0.0 pips + commission (Zero)
- Minimum deposit
- 0 $
- Inactivity
- $5/month after 6 months of inactivity
Broker comparison
HFM vs.
XM
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonHFM
XMVS
Summary
Your goal decides.
HFM and XM are both MetaTrader houses (MT4 and MT5) with Zero accounts from 0.0 pip on EUR/USD — and on those raw accounts XM is the cheaper of the two, at $3.50 per lot against $6.00 at HFM. HFM in turn needs no minimum deposit (XM: $5) and carries the broader CFD range, including bond and ETF CFDs. Both charge $5 a month for inactivity, but XM after 90 days and HFM only after six months — so occasional traders fare better at HFM.
HFMMulti-regulated broker with premium account types and HFcopy
XMAward-winning broker with extensive educational offerings
At a glance
The key differences
| Criterion | HFM | XM |
|---|---|---|
| Platforms | MT4, MT5, HFM App | MT4, MT5, XM App |
| Product types | Forex, Metals, Indices, Stocks CFDs, Commodities, Bonds CFDs, ETFs CFDs, Crypto CFDs | Forex, Stocks CFDs, Indices, Commodities, Metals, Energies, Crypto CFDs |
| Options trading | No | No |
| Fee model | From 1.2 pips (Premium), from 0.0 pips + commission (Zero) | From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero) |
| Minimum deposit | 0 $ | 5 $ |
| Regulation | CySEC/FCA/FSCA | CySEC/ASIC/DFSA |
| More information | Details | Details |
Platforms
HFM
MT4, MT5, HFM App
XM
MT4, MT5, XM App
Product types
HFM
Forex, Metals, Indices, Stocks CFDs, Commodities, Bonds CFDs, ETFs CFDs, Crypto CFDs
XM
Forex, Stocks CFDs, Indices, Commodities, Metals, Energies, Crypto CFDs
Options trading
HFM
No
XM
No
Fee model
HFM
From 1.2 pips (Premium), from 0.0 pips + commission (Zero)
XM
From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero)
Minimum deposit
HFM
0 $
XM
5 $
Regulation
HFM
CySEC/FCA/FSCA
XM
CySEC/ASIC/DFSA
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
HFMXMFrom 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero)
- Published fee
- From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero)
- Minimum deposit
- 5 $
- Inactivity
- $5/month after 90 days of inactivity
The relevant costs depend on market, currency, order size and trading style.
Execution quality
Order type, venue and liquidity affect execution.
HFMCheck the provider’s execution policy and available order types for your account.
Provider informationXMCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
HFMForexMetalsIndicesStocks CFDsCommoditiesBonds CFDsETFs CFDsCrypto CFDs
XMForexStocks CFDsIndicesCommoditiesMetalsEnergiesCrypto CFDs
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
HFMMT4 · MT5 · HFM App
HFM offers MetaTrader 4 and MetaTrader 5 as proven trading platforms with full EA support, advanced charting tools, and automated trading. The HFM App enables mobile trading with full functionality. The HFcopy platform is specifically designed for social and copy trading, enabling automatic copying of strategy providers. All platforms provide access to over 1,000 instruments.
Explore platformXMMT4 · MT5 · XM App
XM offers MetaTrader 4 and MetaTrader 5 as main platforms, complemented by the proprietary XM App for mobile trading. MT4 excels through stability and broad EA support, while MT5 offers enhanced analytical tools and more timeframes. The XM App provides quick access to all trading accounts and integrates market news and analyses. All platforms support trading across over 1,000 instruments.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
HFMMulti-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
XMAward-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
Find the broker that fits
HFM oder XM?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
In-depth analysis
Entry and fees: HFM asks for no minimum deposit and XM for $5 — both low enough not to decide anything. The account models are the more interesting question. On the Zero accounts both start at 0.0 pip on EUR/USD, but commission separates them: HFM charges $6.00 per lot, XM $3.50 per lot. Without commission, HFM quotes from 1.2 pip on its Premium account, XM from 1.6 pip on Standard and from 0.6 pip on Ultra Low. Longer breaks cost money at both: $5 a month, at HFM after six months of inactivity, at XM after just 90 days.
Products and platforms: Both are MetaTrader houses with MT4 and MT5, each with its own app on top. Both state over 1,000 instruments. HFM lists bond CFDs and ETF CFDs alongside forex, metals, indices, stock CFDs, commodities and crypto CFDs; XM lists energies instead. HFM brings HFcopy, a copy-trading platform; XM scores with extensive webinars and education plus negative balance protection. Neither offers options trading.
Profile and verdict: HFM (4.0/5 from 950 reviews) was founded in 2010 and is regulated by CySEC, the FCA and the FSCA, but headquartered in St. Vincent. XM (4.1/5 from 1,800 reviews) has run since 2009, sits in Limassol and is regulated by CySEC, ASIC and the DFSA. If you trade raw spreads, XM charges the lower commission; if you want bond or ETF CFDs, copy trading or an FCA licence, HFM has them.
Your questions
Frequently asked questions
How do fees differ between HFM and XM?
HFM: From 1.2 pips (Premium), from 0.0 pips + commission (Zero). XM: From 0.6 pips (Standard), from 0.0 pips + $3.50 (XM Zero). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: HFM or XM?
HFM offers Forex, Metals, Indices, Stocks CFDs, Commodities, Bonds CFDs, ETFs CFDs, Crypto CFDs. XM offers Forex, Stocks CFDs, Indices, Commodities, Metals, Energies, Crypto CFDs.
How are HFM and XM regulated?
The broker profiles list CySEC/FCA/FSCA for HFM and CySEC/ASIC/DFSA for XM. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is HFM or XM better for beginners?
HFM lists a 0 $ minimum deposit and offers MT4, MT5, HFM App. XM lists 5 $ and offers MT4, MT5, XM App. Compare usability, available products and costs for your intended use.
HFM vs XM: Which broker is better overall?
The choice between HFM (4/5, 950 reviews) and XM (4.1/5, 1800 reviews) depends on your needs. HFM: Multi-regulated broker with premium account types and HFcopy. XM: Award-winning broker with extensive educational offerings.
How do spreads compare between HFM and XM?
HFM offers typical spreads of EUR/USD from 1.2 pip (Premium), 0.0 pip (Zero) + $6.00 per lot. XM offers EUR/USD from 1.6 pip (Standard), 0.6 pip (Ultra Low), 0.0 pip (Zero) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.
Do HFM or XM charge an inactivity fee?
HFM: $5/month after 6 months of inactivity. XM: $5/month after 90 days of inactivity.
Your next step
Your next step
HFMMulti-regulated broker with premium account types and HFcopy
Open accountRead reviewXMAward-winning broker with extensive educational offerings
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.