Choosing between Exness and HFM is hard when each site shows its own numbers in its own format. A fair comparison needs the same items side by side: spreads, commissions, leverage, stop out and bonuses.
The short answer is that the two brokers suit different priorities. Exness lists a 0% stop out on all five accounts. HFM lists six accounts, a 20% stop out on most of them and a Top-Up Bonus account (checked 20 October 2026).
After reading, you can match your own priority to one of the two and know which figures to confirm in the client portal before you deposit.
Exness or HFM: the short answer
- Lowest listed spread: the same on both. Exness from 0.0 pips (Raw Spread, Zero); HFM from 0 pips on forex (Zero)
- Lowest commission-free spread: Exness from 0.1 pips (Pro); HFM from 0.3 pips (KATANA, USD 500 minimum deposit)
- Stop out: Exness 0% on all five accounts; HFM 20% on five accounts and 0% on KATANA
- Bonus: HFM lists a Top-Up 20% standing bonus on this site; no Exness bonus could be confirmed
- Both list MT4 and MT5; HFM also lists WebTrader and its own app
Spreads are listed minimums, not the value you will get at the time of a trade. Each broker's own page and your client portal take priority over this article. Leveraged trading can lose some or all of your deposit.
Exness vs HFM spreads and account types
Exness lists five accounts: Standard Cent, Standard, Pro, Raw Spread and Zero. HFM lists six: KATANA, CENT, ZERO, PRO, PREMIUM and TOP-UP BONUS. The table puts the main figures side by side.
| Item | Exness | HFM |
|---|---|---|
| Accounts | Standard Cent, Standard, Pro, Raw Spread, Zero | KATANA, CENT, ZERO, PRO, PREMIUM, TOP-UP BONUS |
| Lowest listed spread | From 0.0 pips (Raw Spread, Zero) | From 0 pips on forex (Zero) |
| Commission-free accounts | Standard Cent from 0.3 pips, Standard from 0.2 pips, Pro from 0.1 pips | KATANA from 0.3, PRO from 0.6, CENT, PREMIUM and TOP-UP BONUS from 1.4 pips |
| Commission accounts | Raw Spread: up to USD 3.50 each side per lot. Zero: from USD 0.05 each side per lot | Zero: USD 6 round turn per standard lot on forex (this site's HFM data, verified 1 September 2026) |
| Minimum deposit | None listed for Standard Cent and Standard; region-based for Pro, Raw Spread and Zero | USD 0 on most accounts; PRO USD 100; KATANA USD 500 |
| Platforms | MetaTrader 4 and MetaTrader 5 | MT4, MT5, HFM WebTrader, mobile trading and the HFM Platform |
※ Exness lists a minimum initial deposit as region-based for Pro, Raw Spread and Zero and does not state an amount in the article checked. Its general deposit rules page says Standard and Professional accounts both have region-based minimums. HFM spreads are variable. HFM Zero commission is from this site's HFM data, not the official table.
A spread is the gap between the buy and sell price. A commission is a separate fee per lot. Compare the two together, because an account with a 0.0 pip spread still adds its commission to the cost.
Exness account types compared: Standard Cent, Standard, Pro, Raw Spread and Zero
HFM account types compared: Premium, Cent, Pro, Zero, KATANA and Top-Up Bonus
Exness or HFM: leverage, margin call and stop out
Stop out (the margin level at which positions are closed automatically) differs more than any other setting. Margin call is the earlier warning level.
| Item | Exness | HFM |
|---|---|---|
| Maximum leverage | 1:2000 by default; 1:Unlimited if eligible on equity of 0 to 4,999.99 USD | KATANA unlimited; CENT, ZERO, PRO, PREMIUM 1:2000; TOP-UP BONUS 1:1000 |
| Leverage by equity | 5,000 to 29,999.99 USD: 1:2000. 30,000 to 99,999.99 USD: 1:1000. 100,000 USD or more: 1:500 | Leverage may be adjusted; refer to the terms |
| Margin call | 60% on Standard Cent and Standard; 30% on Pro, Raw Spread and Zero | 50% on five accounts; 20% on KATANA |
| Stop out | 0% on all five accounts | 20% on five accounts; 0% on KATANA |
※ Exness raises the stop out to 100% for stocks in times of increased market risk. The Exness stop out is 20% for clients registered through Exness (KE) Limited and Exness (JO) Limited. Exness leverage can be reduced during high margin requirement periods.
A 0% stop out keeps positions open until the margin level reaches 0%. Losses can grow large before anything closes. The 20% level listed by HFM closes positions earlier.
Exness vs HFM bonuses and promotions
- HFM: a Top-Up Bonus account 20% deposit bonus is listed on this site as of 20 October 2026
- HFM: bonus on each deposit to the Top-Up Bonus account, up to a USD 5,000 total (official bonus page, verified 1 September 2026)
- HFM: the bonus itself cannot be withdrawn, but profits made with it can
- Exness: no deposit or registration bonus could be confirmed, and none is listed on this site
The HFM bonus applies only to the Top-Up Bonus account, which lists a maximum leverage of 1:1000. Withdrawing funds also removes the same share of the bonus. Check the rate, limit and eligibility in your client portal before depositing.
HFM on this site: accounts, promotions and account opening steps
Exness vs HFM regulation: what to verify
Which company serves you depends on your country of residence. Neither broker's licence should be assumed from memory or from a review.
- Exness: this site lists Exness (SC) Ltd, Seychelles FSA licence SD025; confirm the entity shown at registration
- HFM: the applicable entity and licence are shown at registration; confirm them before you deposit
- Check which entity your agreement is with, and read its terms on fund handling and withdrawals
- Check whether the broker accepts clients from your country
Which broker fits you: Exness or HFM by priority
- 01If you want a low listed spread without commission
Exness Standard (from 0.2 pips) and Pro (from 0.1 pips) list lower minimums than the commission-free HFM accounts (KATANA from 0.3 pips, PRO from 0.6 pips).
- 02If you want a bonus-eligible account
HFM fits, because its Top-Up Bonus account is the one listed here with a 20% deposit bonus. Read the withdrawal rule for the bonus first.
- 03If you want a minimum deposit of USD 0
HFM lists USD 0 on most accounts. Exness lists no minimum on Standard Cent and Standard, and region-based amounts on the other three.
- 04If you want more than MetaTrader
HFM also lists WebTrader, mobile trading and the HFM Platform. Exness lists MetaTrader 4 and 5.
Both brokers show different figures by region and over time. Treat this article as a checklist, then confirm each number in the client portal.
Broker comparison basics: how to compare brokers on equal terms
Frequently asked questions
Q. How do Exness and HFM spreads compare?
A. The lowest listed spread is the same: Exness lists 0.0 pips on Raw Spread and Zero, and HFM lists 0 pips on forex on Zero. Among commission-free accounts, Exness lists 0.1 pips on Pro and HFM lists 0.3 pips on KATANA. Spreads are variable, so compare spreads and commissions together.
Q. What is the stop out level at Exness vs HFM?
A. Exness lists a 0% stop out on all five accounts, and 20% for clients registered through Exness (KE) Limited and Exness (JO) Limited. HFM lists 20% on five accounts and 0% on KATANA (checked 20 October 2026). Confirm the level for your own account.
Q. Does Exness or HFM offer a deposit bonus?
A. This site lists an HFM Top-Up Bonus account 20% deposit bonus as of 20 October 2026. No Exness deposit or registration bonus could be confirmed. Check eligibility and withdrawal rules in your client portal.
Q. What is the maximum leverage on Exness and HFM?
A. Exness lists 1:2000 by default, with 1:Unlimited if eligible on equity below 5,000 USD. HFM lists unlimited on KATANA, 1:2000 on four accounts and 1:1000 on TOP-UP BONUS. HFM notes that leverage may be adjusted.
Q. Is the minimum deposit lower at Exness or HFM?
A. HFM lists USD 0 on most accounts, USD 100 on PRO and USD 500 on KATANA. Exness lists no minimum on Standard Cent and Standard, and region-based amounts on Pro, Raw Spread and Zero. The client portal shows the amount for your country.
Sources and conditions
- Exness official Help Center: Trading account types (checked 20 October 2026) →
- Exness official Help Center: Leverage (checked 20 October 2026) →
- Exness official Help Center: Margin call and stop out levels by account type (checked 20 October 2026) →
- HFM official: Compare Trading Accounts (checked 20 October 2026) →
- HFM official: Bonus offerings (verified 1 September 2026) →
- Exness on this site →
- HFM on this site →
- Advertising disclosure and risk warning →
FX Textbook is an independent information site, not a broker or provider of personal investment advice. Forex and CFDs involve risk. You may lose some or all of your invested capital. No trading result is guaranteed.
NEXT STEP
Matched your priority? Check the Exness account terms next.
The broker page lists the five accounts, spreads, commissions and the entity shown at registration. The HFM page covers its six accounts and promotions.
Brokers covered in this column
Account types, trading conditions and current offers are on each broker page.