General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
HFM vs XM: A Comprehensive Comparison
When choosing a broker, it’s essential to compare several factors, such as security, demo account, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care. In this article, we’ll compare HFM and XM based on these factors.
HFM and XM both have a security rating of 94, which means they are secure brokers. However, HFM is regulated by more bodies than XM, including FCA, CySEC, DFSA, FSCA, FSA (Seychelles), CMA, SVG.
HFM offers an unlimited demo account with $100,000 virtual funds, and the virtual funds can be replenished upon request. XM also offers an unlimited demo account with $100,000 virtual funds, but traders need to contact customer support to restore the virtual funds.
HFM requires a minimum deposit of $5 for the Micro account, $100 for Premium, $200 for Zero Spread and Auto accounts, and $500 for HFCOPY accounts. XM requires a minimum deposit of $5 for all account types. HFM offers more account types than XM, including Micro account, Premium account, Zero Spread account, Auto account, HFCOPY account, Islamic account, and Premium Pro account for advanced traders.
HFM offers social-copy trading through its HFCOPY service, available via MT4, WebTrader, and Mobile App. On the other hand, XM doesn’t offer social-copy trading.
HFM offers Forex, Commodities, Indices, Crypto assets, Stocks, ETFs, Futures, and Options, while XM offers Forex, Commodities, Indices, Stocks, and no crypto assets, ETFs, Futures, and Options. HFM offers more trading options than XM, making it a better choice for long-term investing.
HFM and XM have variable spreads, but HFM offers spreads from 0.1 pip on Forex with its Zero Spread account, while XM offers spreads from 0 pip on Forex, lower than the market average. HFM doesn’t charge commissions, while XM charges up to $7 per lot traded. The trading fees depend on the account type chosen by the trader.
HFM offers its proprietary platform, HFM App via Mobile, and MetaTrader 4 (MT4) and MetaTrader 5 (MT5) via web, desktop, and mobile devices. XM offers only MT4 and MT5 via webtrader, desktop, and mobile devices. All platforms offered by HFM and XM allow traders to engage in algo trading, and both brokers offer VPS services.
Both HFM and XM offer extensive educational material, including articles, video tutorials, webinars, eBooks, market analysis, trading lessons, platform lessons, and much more. Both brokers offer customer care 24/5 via email, live chat, and phone in over 20 languages, with XM offering over 21 languages.
In conclusion, HFM and XM are both secure brokers with unlimited demo accounts and various account opening options. However, HFM offers more account types and social-copy trading, while XM offers lower spreads, no commissions, and a better choice for scalping. HFM offers more trading options, making it a better choice for long-term investing, while XM offers extensive educational material and customer care in more languages. Ultimately, traders should choose a broker that meets their specific needs and preferences.
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