HFM vs Exness
Trying to pick between HFM and Exness for your trading? This broker comparison between HFM and Exness reviews regulation and safety, spreads and overall fees, platforms and tools, tradable instruments, deposit and withdrawal methods, and other key factors to guide your decision.
Who is HFM?
HFM is a global multi-asset brokerage, formerly branded as HotForex, that started operations in 2010. Since then, it has expanded its reach to serve millions of traders worldwide, providing forex and CFD trading alongside platforms, education, and support designed to make market access straightforward. The official website of the broker is www.hfm.com.
The minimum deposit to start trading with HFM is $0.
Who is Exness?
Exness is a global online broker founded in 2008, providing forex and CFD trading with an emphasis on transparent pricing and reliable execution. It serves a wide international client base and is known for its strong technology and high trading volumes. The official website is www.exness.com.
The minimum deposit required to start trading with Exness is $10.
HFM vs Exness Side-by-Side Comparison
HFM, founded in 2010, is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE). The company maintains local offices in Kingstown and Larnaca. HFM provides access to MT4, MT5 and HFM App trading platforms and sets a minimum deposit at $0. The broker supports account base currencies in USD, NGN, INR, KES, TBH, JPY, ZAR, SGD and PHP, and accounts can be funded through credit and debit cards, bank wire transfers, e-wallets (Skrill, Neteller, Perfect Money, Fasapay), crypto and mobile money.
By comparison, Exness traces its origins to 2008, is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom), and has local offices in Limassol, London, Cape Town, Amman, Providence, Willemstad and Road Town. Clients can trade on MT4, MT5 and Exness terminal with a minimum deposit of $10, and accounts can be held in the following base currencies: AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MBT*, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF and ZAR. Payment processing covers bank transfers, credit and debit cards, e-wallets, mobile money and crypto.
HFM vs Exness Market Instruments
HFM lists 500+ CFD instruments, offering CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds, with about 50+ forex pairs, 89 stocks, 20+ indices, 10+ commodities, and 10 cryptocurrency pairs.
Exness provides 200+ CFD instruments across CFDs on forex, stocks, indices, commodities and cryptocurrencies, featuring 96 forex pairs, 90 stocks, 10 indices, 18 commodities, and 10 crypto pairs.
HFM vs Exness Account Types
HFM vs Exness Spreads Comparison
The figures below summarize minimum and average spreads on standard accounts from HFM and Exness. Actual spreads change with market conditions and account type, so it is best to confirm the latest details on each broker’s website.
Minimum spreads: On the major forex pairs, Exness shows lower starting levels across the board, with EUR/USD at 0.2 pips versus HFM at 1.4 pips, GBP/USD at 0.2 pips versus 1.6 pips, USD/CAD at 0.2 pips versus 1.9 pips, and CAD/JPY at 0.2 pips versus 2.2 pips. For non-forex instruments, HFM publishes minimums of $0.25 on XAU/USD (Gold), $0.03 on WTI Crude Oil, and $18 on Bitcoin, while Exness does not provide data about the minimum spreads.
Average spreads: Exness lists averages of 0.9 pips on EUR/USD, 1.1 pips on GBP/USD, and $0.16 on XAU/USD (Gold). HFM does not provide data about the average spreads for these instruments.
In short, the table indicates tighter minimums from Exness on the highlighted forex pairs, while HFM supplies published minimums for Gold, oil, and Bitcoin that are not shown by Exness. Consider your instrument mix and always verify up-to-date spreads directly with the brokers.
HFM vs Exness Minimum Spreads Comparison
HFM vs Exness Average Spreads Comparison
Costs on Raw/Zero Spread Account
Comparing pricing on the raw/zero spread accounts, HFM shows a minimum spread of 0.0 pips with a commission of $3.0 per side per lot, while Exness lists spreads from 0.0 pips and a commission fee of up to $3.50. On these account types, most of the effective cost tends to come from the commission rather than the spread.
Spreads are market-dependent and can tighten or widen, so treat these as reference points and check each broker’s website for current details. Use these figures to gauge the per-trade cost of raw/zero accounts when comparing HFM and Exness.
Other Features
HFM vs Exness: Wrapping Up the Comparison
HFM and Exness are well-regulated global brokers established in 2010 and 2008. HFM is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE), while Exness is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom). Both provide popular platform choices, with HFM offering MT4, MT5 and HFM App and Exness providing MT4, MT5 and Exness terminal.
Entry conditions and product scope differ. HFM’s minimum deposit is $0, whereas Exness requires $10. HFM lists 500+ instruments with coverage across CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds; Exness currently offers 200+ instruments spanning CFDs on forex, stocks, indices, commodities and cryptocurrencies. For accounts, HFM provides a Standard account, a Zero Spread account, a demo account, and an Islamic swap-free option. The company also offers other account types, including Cent, Pro and Pro Plus. Exness also offers a variety of account types such as: Standard, Raw Spread, Zero Spread, demo, and Islamic swap-free accounts, as well as Standard Cent and Pro accounts.
Copy trading is available via HFCopy at HFM and via Exness Copy at Exness. On pricing, minimum EUR/USD spreads start from 1.4 pips at HFM and 0.2 pips at Exness. HFM does not publish an average EUR/USD spread, while Exness lists an average of 0.9 pips.
In short, HFM suits traders who want a zero minimum deposit requirement, a broader instrument lineup, and wider account options. Exness is appealing to cost-focused traders seeking tighter minimum spreads and access to a wider range of forex pairs.
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