
HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.
Side-by-side comparison of HF Markets and XM on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.

XM is one of the largest forex brokers with 10+ million clients in 196 countries. Famous for its $30 No Deposit Bonus and free educational content for new traders.
HF Markets wins 5/13 categories — the better all-round choice.
| Field | HF Markets | XM |
|---|---|---|
| Rebate per lot | $12 / lot | $11 / lot |
| Spread from | 0.1 pips | 0.6 pips |
| Execution speed | 90 ms | 65 ms |
| Max leverage | 1:2000 | 1:1000 |
| Min deposit | $10 | $5 |
| User rating | 4.8 / 5 (2,841) | 4.4 / 5 (4,310) |
| Trust score | 8.61 / 10 | 8.50 / 10 |
| Execution type | Market Execution / STP | Market Execution / NDD |
| Liquidity providers | 11+ | 12+ |
| Regulators | FCA (UK) #801701 · CySEC (CY) #183/12 · FSCA (ZA) #46632 | ASIC (AU) #443670 · CySEC (CY) #120/10 · IFSC (BZ) #000261/397 |
| Platforms | MT4 · MT5 · HFM Mobile · HFM WebTrader | MT4 · MT5 · XM WebTrader · XM Mobile |
| Payout frequency | รายวัน | รายวัน |
| Withdrawal time | ภายใน 24 ชม. | ภายใน 24 ชม. |
| Swap-free / Islamic | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| EA / algo allowed | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
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