HFM vs XM: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | HFM | XM |
|---|---|---|
| Licence Score | 70Strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 7 | 7 |
| 1 FCA United Kingdom | Licensed | — |
| 1 ASIC Australia | — | Licensed |
| 2 CySEC Cyprus | Licensed · Licence 183/12 | Licensed · Licence 120/10 |
| 2 FSCA South Africa | Licensed · FSP 46632 | Licensed |
| 2 DFSA United Arab Emirates | Licensed | Licensed |
| 3 FSC (MU) Mauritius | Licensed | — |
| 3 CMA (Kenya) Kenya | Licensed | Licensed |
| 4 FSA (Seychelles) Seychelles | Licensed | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 2010 | 2009 |
| Headquarters | Cyprus | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | MT4, MT5, Proprietary | MT4, MT5 |
| Minimum deposit | No minimum | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is HFM or XM better regulated?
Both have the same Licence Score (70).
Which regulators license both HFM and XM?
Both are matched to licences from CySEC, DFSA, FSCA, CMA (Kenya) and FSA (Seychelles).