XM or HFM: the two with the lowest entry thresholds

These two have the lowest minimum deposits among the large brokers — XM from $5, HFM from $0 — so they
tend to be placed side by side when someone is choosing a first broker.

The two profiles

Rebate by product

US dollars per round-turn lot. The line under each broker name is the account type
that pays the most.

XM pays more on every product

The clearest gap is gold: $18.00 against $12.00 per lot. But as with every rebate comparison, look at the
underlying spread: XM Standard from 1.6 pips, HFM Premium from 1.0 pips.

The EUR/USD calculation with assumed real spreads — XM 1.8 pips, HFM 1.3 pips:

• XM Standard: 1.8 × 10 = $18, less $8.10 rebate → $9.90 net
• HFM Premium: 1.3 × 10 = $13, less $7.20 rebate → $5.80 net

The result is the reverse of the rebate table. This is
exactly why “which broker pays the highest rebate” rankings mislead.

How the money reaches you

• HFM — credited straight to the trading account.
• XM — into the My Wallet balance, one transfer step away.

Account types and how much is disclosed

Something worth knowing in advance: HFM has five account types but publishes rebate figures for
only three — Cent, Zero and Premium. Pro and Pro Plus have no published number.

If you intend to use Pro or Pro Plus, ask what the rebate is before opening. A tighter spread with no
rebate can work out more expensive than Premium.

How to choose

• Starting with the smallest possible amount — HFM has three account types with a $0
  minimum.
• Wanting the rebate kept separate and easy to reconcile — XM’s My Wallet.
• Focused on net cost — measure both brokers’ real spreads in the hours you trade and run
  the calculation above. Do not use the
  advertised spread.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.