HFM vs XM
A side-by-side comparison of HFM and XM — spreads, regulation, platforms, leverage and minimum deposit. Both pay RebateIX cashback of up to $10 per lot, so you lower your real trading cost whichever you choose.
| HFM | XM | |
|---|---|---|
| Spread from | 0.1 pips | 0 pips |
| Min deposit | $0 | $5 |
| Max leverage | 1:1000 | 1:888 |
| Regulation | FCA, CySEC, DFSA, FSA | FCA, CySEC, ASIC, IFSC |
| Platforms | MT4, MT5, WebTrader | MT4, MT5, WebTrader |
| Commission | $3.00 / lot | $3.50 / lot |
| Swap-free (Islamic) | ||
| Synthetic indices | ||
| RebateIX cashback | Up to $10 / lot | Up to $10 / lot |
The verdict
XM edges it on raw spreads (from 0 pips), and HFM is easier to start with ($0 minimum). But the bigger lever is your cost after rebates: through RebateIX, both HFM and XM pay up to $10 cashback per lot, plus the RebateVIP retroactive boost of up to +15%. That usually matters more than a fractional spread difference.
HFM vs XM — FAQ
Which is better, HFM or XM?⌄
It depends on what you trade. XM has the tighter headline spread (from 0 pips), and HFM has the lower minimum deposit ($0). Crucially, with RebateIX you earn cashback of up to $10 per lot on either broker — so you lower your real trading cost whichever you pick.
Do I earn rebates with both HFM and XM?⌄
Yes. Open or transfer an account with either HFM or XM through RebateIX, link your MT4/MT5 login, and you earn cashback automatically on every closed lot — win or lose, paid weekly.
Is HFM or XM better for Islamic (swap-free) accounts?⌄
HFM offers a swap-free Islamic account; XM is not tagged swap-free in our list. Rebates apply to Islamic accounts the same way.
How much can I earn back per lot?⌄
RebateIX pays up to $10 per standard lot, and the RebateVIP Club adds a retroactive boost of up to +15% on top as your monthly volume grows.