XM vs HFM Comparison: Accounts, Leverage & Costs
FOREXREVIEW BROKER COMPARISON
XM vs HFM: Accounts, Leverage, Platforms & Costs
XM and HFM both publish low-entry-cost account structures, but the stable public spread figures used by ForexReview are minimum/floor values rather than matched instrument averages. This page focuses on structure and conditions rather than presenting a cheapest-broker verdict.
| Metric | XM | HFM |
|---|---|---|
| Legal entity / regulator | XM Global Limited — FSC Belize Verified |
HF Markets (Seychelles) Ltd — FSA Seychelles Verified |
| Licence | 8557558 Verified |
SD015 Verified |
| Negative balance protection | Yes Verified |
Yes Verified |
| EUR/USD pricing basis | From 0.8 pip — public floor Minimum basis |
Zero account from 0.0 pip Minimum basis |
| Commission | Zero-commission public offer; terms vary Minimum basis |
Zero commission schedule applies by instrument/account Minimum basis |
| Minimum deposit | $5 Verified |
Zero/Premium $0; Pro $100 Verified |
| Maximum leverage | Up to 1:1000 Verified |
Up to 1:2000 on referenced accounts Verified |
| Margin call / stop-out | Pending / 50% retail reference Pending |
50% / 20% on Pro reference Verified |
| MT4 / MT5 | Yes / Yes Verified |
Yes / Yes Verified |
| Funding | Bank, card and e-wallet; local options vary Minimum basis |
Bank, card and alternative methods; local options vary Minimum basis |
Why the spread comparison remains minimum-basis
A spread quoted “from” a level is not a typical or average trading cost. XM’s public 0.8-pip figure and HFM Zero’s 0.0-pip floor therefore remain Minimum Basis in the comparison engine.
The more robust differences are leverage ceilings, minimum deposit structure, margin rules and account architecture. For a scenario-based transaction-cost estimate, use the True Trading Cost Calculator and keep minimum-based rows separate from average-priced rows.
Research note: Entity and account eligibility can materially change leverage, swaps and funding availability.
XM regulation ↗ · XM account types ↗ · HFM regulation ↗ · HFM Zero account ↗
XM regulation ↗ · XM account types ↗ · HFM regulation ↗ · HFM Zero account ↗