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HFM vs Exness
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Updated:
Compare HFM vs Exness Side by Side
Choosing between HFM vs Exness and wondering which broker suits your trading needs best? We made a detailed comparison between HFM Review and Exness Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | HFM | Exness |
|---|---|---|
| Website | //www.hfm.com | //www.exness.com |
| Founded year | 2010 | 2008 |
| Headquarter | Cyprus | Cyprus |
| Licenses | UK, Dubai, Cyprus, SVG, Mauritius, Seychelles, Kenya, South Africa | FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA |
| Minimum Deposit | US$ 0 | USD$ 10 |
| Trading Platforms | MT4, MT5, HFM Trading App | MT4, MT5, Exness Terminal, Exness Trading App |
| Eurusd avg Spread | 1 pip | 1.2 pips |
Licenses
| Feature | HFM | Exness |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both HFM and Exness Brokers hold licenses from European Union regulatory authorities, including the UK and Cyprus. Furthermore, HFM is licensed in a multitude of locations, such as Seychelles, South Africa, Kenya, and Dubai, while Exness is licensed in Kenya, Mauritius, and numerous other international jurisdictions, further underscoring their commitment to regulatory compliance.
Broker Types
| Feature | HFM | Exness |
|---|---|---|
| Broker types |
|
|
HFM offers a range of execution models, depending on the chosen account type and market instrument, including options like ECN, DMA, or Market Maker. In contrast, Exness operates as an STP/NDD broker, and both companies prioritize providing their clients with improved price transparency.
Trading Conditions
| Feature | HFM | Exness |
|---|---|---|
| Trading Conditions |
|
|
HFM offers optimal conditions tailored for beginner traders, encompassing a variety of trading strategies with competitive spreads. It provides an array of trading platforms known for rapid execution and transparency. Similarly, Exness presents advantageous conditions, featuring a broad spectrum of market instruments and emphasizing cost-efficient trading coupled with advanced trading tools.
Fees & Commissions
| Fees & Commissions | HFM | Exness |
|---|---|---|
| Inactivity Feemonth | $5 | $0 |
| Deposit fee | $0 | $0 |
| Withdrawal fee | $0 | $0 |
| Rollover fee eurusd buy 1 lot | 0.1534 | - |
| Rollover fee eurusd sell 1 lot | -0.4763 | −0.65131 |
| Avg Eurusd standard acc | 0 pip | 1.2 pips |
| Gold | 19 | 0.3 |
| Brent oil | 5 | 4 pips |
| Bitcoin | 30 | 29 |
Compared to Exness, HFM boasts more competitive spreads across a wide array of instruments. However, when it comes to Gold, Exness takes the lead with narrower spreads. Collectively, both brokers present a value proposition for traders by offering cost-effective trading solutions without any commission fees.
Account Types
| Feature | HFM | Exness |
|---|---|---|
| Account types |
|
|
HFM presents 6 different accounts based on specific requirements contrast, Exness offers a Standard Cent Account for small traders, a Standard Account, and a Professional ECN Account with raw spread and commission charges. Muslim traders might prefer HFM for its Sharia-compliant Islamic account.
Markets & Instruments
| Markets & Instruments | HFM | Exness |
|---|---|---|
| Forex | ✔️ | 100 |
| Indices | ✔️ | 10 |
| Commodities | ✔️ | 6 |
| Cryptocurrencies | ✔️ | 27 |
| Shares | ✔️ | ❌ |
| Bonds | ✔️ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ✔️ | ❌ |
HFM provides a more diverse array of trading instruments, encompassing Forex, Cryptocurrencies, Indices, Bonds, ETFs, and Commodities. In contrast, Exness offers a more limited selection, focusing on Forex, Indices, Commodities, and Cryptocurrencies.
Trading Platforms
| Feature | HFM | Exness |
|---|---|---|
| Platforms |
|
|
Both brokers provide a comparable suite of trading platforms, including their proprietary platforms meticulously crafted with exclusive features tailored for their clientele. Additionally, they support the industry-standard MT4 and MT5 platforms, along with WebTrader for seamless online trading experiences.
Deposit & Withdrawal Methods
| Feature | HFM | Exness |
|---|---|---|
| Payment methods |
|
|
HFM boasts a diverse range of funding options, encompassing bank wire transfers, various e-wallets, and even bitcoin transfers. Conversely, Exness provides a more constrained selection, mainly focusing on e-wallets, credit/debit cards, and bank transfers.
Others
| Feature | HFM | Exness |
|---|---|---|
| Others |
|
|
HFM and Exness both excel in providing top-notch customer service through various communication channels, demonstrating their dedication to client satisfaction. While both uphold high professional standards, Exness stands out with its round-the-clock support. Furthermore, each broker offers comprehensive educational resources, including tools, videos, and webinars, reinforcing their commitment to nurturing a knowledgeable and continuously evolving trading community.
Conclusion on Exness vs HFM
In conclusion of our review comparing HFM and Exness, both brokers stand out as dependable options for global trading needs. Their offerings closely mirror each other, particularly in terms of trading conditions, fees, and account types. Trading costs are similarly aligned, and both offer a comparable range of instruments. However, HFM holds a slight edge with its more competitive spreads and the availability of an Islamic Account, giving it a noteworthy advantage. Here is our final recommendation:
- HFM – 🥇Best Low Spread Trading Broker for offering a seamless and feature-rich experience.
- Exness – 🥇Best Broker for Trend Trading offering good choice of trading tools and great trading conditions.
