Exness vs HFM Comparison: Costs & Trading Conditions

FOREXREVIEW BROKER COMPARISON

Exness vs HFM: Regulation, Raw Pricing & Trading Conditions

Exness and HFM both serve international clients through regulated offshore entities and both offer Standard and lower-spread account structures. The biggest comparison challenge is separating Exness’s published instrument averages from HFM Zero’s published minimum spreads.

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Exness combines average and raw data

Exness Standard provides instrument-specific average spreads and zero commission, while Raw Spread uses spreads from zero plus a per-lot commission. That creates two distinct pricing models inside the same broker.

HFM Zero is minimum-basis data

HFM Zero publishes spreads from 0.0 pip and a commission schedule. ForexReview keeps those figures as Minimum Basis unless a directly comparable instrument average is available.

Metric	Exness	HFM
Legal entity / regulator	Exness (SC) Ltd — FSA Seychelles Verified	HF Markets (Seychelles) Ltd — FSA Seychelles Verified
Licence	SD025 Verified	SD015 Verified
Client fund segregation	Yes — segregated accounts at tier-1 banks Verified	Yes Verified
Negative balance protection	Yes Verified	Yes Verified
EUR/USD spread basis	0.8 pip average — Standard Verified	Zero account from 0.0 pip Minimum basis
Commission	Standard $0; Raw Spread up to $3.50/lot/side Verified	Zero account commission schedule applies Minimum basis
Minimum lot	0.01 Verified	0.01 Verified
Maximum leverage	Up to 1:Unlimited; eligibility rules apply Verified	Up to 1:2000 on referenced accounts Verified
Margin call / stop-out	60% / 0% on Standard Verified	50% / 20% on Pro reference Verified
MT4 / MT5	Yes / Yes Verified	Yes / Yes Verified
Minimum deposit	Standard can start around $10 depending on method Minimum basis	Zero/Premium $0; Pro $100 Verified

Where the comparison is most useful

The two brokers can look similar at the headline level because both advertise low spreads and high leverage. The more useful comparison is the fee architecture: Exness Standard uses an average spread with no separate trading commission, while HFM Zero uses a lower minimum spread plus commission.

For overnight traders, swap treatment also matters. Both brokers offer swap-free arrangements under certain conditions, but eligibility and instrument rules should be checked separately from the standard daily swap schedule.

Research note: The table distinguishes account-specific figures from broker-wide claims. A lower published minimum is not treated as a lower average trading cost.
Exness regulation ↗ · Exness forex ↗ · HFM regulation ↗ · HFM Zero account ↗