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XM vs HFM
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Updated:
Compare XM vs HFM Side by Side
Selecting between XM vs HFM and would like to see who is a better Broker for your trading strategy? We made a detailed comparison between XM Review and HFM 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 | XM | HFM |
|---|---|---|
| Website | //xm.com | //www.hfm.com |
| Founded year | 2009 | 2010 |
| Headquarter | Cyprus, Australia, Belize | Cyprus |
| Licenses | Cyprus, Australia, Belize, UAE | UK, Dubai, Cyprus, SVG, Mauritius, Seychelles, Kenya, South Africa |
| Minimum Deposit | 5 US$ | US$ 0 |
| Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, HFM Trading App |
| Eurusd avg Spread | 1.6 pips | 1 pip |
Licenses
| Feature | XM | HFM |
|---|---|---|
| Licenses Countries Info (short) |
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XM and HFM are both well-regarded brokers, but XM distinguishes itself through its affiliations with multiple regulatory bodies, most notably the esteemed ASIC, renowned for its stringent standards and strong client protection measures. In contrast, HFM operates under the supervision of regulatory authorities such as the FCA, CySEC, and several others.
Broker Types
| Feature | XM | HFM |
|---|---|---|
| Broker types |
|
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XM operates with an ECN/STP/NDD model, which facilitates efficient automated trading. On the other hand, HFM functions as a hybrid broker, offering both NDD and Market Maker execution types. This diversity caters to a wide array of trading strategies, rendering both brokers suitable for both retail and institutional traders alike.
Trading Conditions
| Feature | XM | HFM |
|---|---|---|
| Trading Conditions |
|
|
The trading conditions offered by both brokers are beginner-friendly, allowing newcomers to navigate the markets confidently. They provide flexibility in trading approaches, including strategies like hedging and scalping, which can be beneficial for traders at all experience levels. XM is notable for its commission choices, zero spreads, and strong copy trading features. On the other hand, HFM highlights its low spreads and floating spread accounts, offering attractive pricing options.
Fees & Commissions
| Fees & Commissions | XM | HFM |
|---|---|---|
| Inactivity Feemonth | 15 $ | $5 |
| Deposit fee | 0 $ | $0 |
| Withdrawal fee | 0 $ | $0 |
| Rollover fee eurusd buy 1 lot | -0.083 | 0.1534 |
| Rollover fee eurusd sell 1 lot | -0.543 | -0.4763 |
| Avg Eurusd standard acc | 1.6 pips | 0 pip |
| Gold | 35 | 19 |
| Brent oil | 5 pips | 5 |
| Bitcoin | 60 | 30 |
Neither broker imposes deposit/withdrawal fees, but they have an inactivity fee. Regarding spreads, HFM holds a slight edge by offering some of the industry’s lowest, while XM’s spreads tend to be slightly above the industry norm.
Account Types
| Feature | XM | HFM |
|---|---|---|
| Account types |
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Comparing XM vs HFM offerings includes Standard Accounts. For traders adhering to Sharia principles, they offer SWAP Free or Islamic accounts, which support long-term position holding. Moreover, both brokers feature a Micro Account, which is typically more fitting for beginners because of its reduced requirements and associated risks.
Markets & Instruments
| Markets & Instruments | XM | HFM |
|---|---|---|
| Forex | 55 | ✔️ |
| Indices | 28 | ✔️ |
| Commodities | 15 | ✔️ |
| Cryptocurrencies | 60 | ✔️ |
| Shares | 600 | ✔️ |
| Bonds | ❌ | ✔️ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ✔️ |
HFM and XM provide a diverse array of trading instruments, with many commonalities in their offerings. However, it’s worth noting that the selection of assets available is somewhat limited for both brokers.
Trading Platforms
| Feature | XM | HFM |
|---|---|---|
| Platforms |
|
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Both Forex brokers provide users with access to the highly regarded and robust trading platforms, MT4 and MT5. In addition to these industry-standard platforms, HFM goes the extra mile by offering its in-house trading platform, providing traders with an even more extensive selection of options for their trading needs.
Deposit & Withdrawal Methods
| Feature | XM | HFM |
|---|---|---|
| Payment methods |
|
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Both XM and HFM offer similar payment methods, including bank transfers, debit/credit cards, and several widely used e-wallets. Neither broker charges additional fees for deposits or withdrawals and ensures swift money transfers.
Others
| Feature | XM | HFM |
|---|---|---|
| Others |
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Both XM and HFM excel in providing professional-level customer service and support. In terms of educational materials, HFM offers well-structured and comprehensive resources. In contrast, XM offers a more personalized approach to learning, tailoring educational opportunities based on a user’s proficiency level. This includes live education sessions, informative videos, and insightful Forex webinars, enhancing the educational experience for traders.
Conclusion on HFM vs XM
Concluding XM vs HFM comparison we found that both brokers are trustworthy with strong regulatory foundations. They both offer similar trading conditions, fees, and platform options. However, HFM boasts significantly lower spreads compared to XM. Here is our final recommendation:
- XM – 🥇Best News Trading Broker for Beginners for bringing opportunity to trade
- HFM – 🥇Best Online Forex Trading Experience for offering high-tech access to a great range of instruments and lowest spreads
