HF Markets vs XM Trading
A side-by-side comparison of HF Markets and XM Trading.
Affiliate disclosure: the account links are affiliate links. Northmark may be paid when you open an account, and may receive ongoing payments based on how much you trade. There is no extra charge to you. Trading FX can lose you money, including your initial deposit. About referral fees
Our partner brokers (XM, Exness and HFM) are overseas firms that are not registered with Japan’s FSA (Financial Services Agency). They are not covered by the protections that apply to firms registered in Japan, such as trust-account segregation or the financial ADR dispute-resolution scheme. Read About the risks and decide for yourself whether to open an account.
Choose by trading goal, not by an overall score
XM, Exness and HFM fit different trading priorities. Start with what matters most to you: bonus terms, spreads, withdrawals, starting deposit, platform choice or trading style.
Choose HFM for cent accounts and a wider range of account types
- You want to test small on a cent account (1 lot = 1,000 units)
- You want to choose from six account types
- You want to start with an account that has a $0 minimum deposit
Watch-out: accounts opened through our partner link are with HF Markets (SV) Ltd, an international business company in St. Vincent and the Grenadines.
Choose XM for beginners, low deposits and bonus reassurance
- You want to confirm official promotion terms such as $30 where eligible before applying
- You want to start from the $5 minimum deposit shown on the official account list
- You want a reassurance step before account registration
Watch-out: the Zero account is capped at 500:1, unlike the other accounts (1000:1), and leverage steps down as equity grows.
HF Markets vs XM Trading: Feature Comparison
Minimum deposit, leverage, and spreads vary by country, entity, account type, account currency, and balance. Check official terms before applying.
| Feature | HF Markets | XM Trading |
|---|---|---|
| Min Deposit | $0 | $5 |
| Leverage | 1:2000（Top-Up Bonusは1:1000） | 1:1000（Zeroは1:500） |
| Spread From | 0.0 pips | 0.0 pips |
| Stop-out level | — | 20% |
| Regulation | SVG IBC (HF Markets (SV) Ltd) | FSA Seychelles (SD010), FSC Mauritius (GB20025835) |
| Platforms | MT4, MT5, HFM Platform | MT4, MT5, XMTD TraderPro |
| Bonus | BONUS HUNTER 45,000円（入金不要）+ 最大150,000円の100%入金ボーナス | $30 where eligible No-Deposit Bonus + Up to $10,500 deposit bonus |
HF Markets
- Six account types: KATANA, Cent, Zero, Pro, Premium and Top-Up Bonus (official comparison table).
- Minimum deposit: $0 for Cent, Zero, Premium and Top-Up Bonus; $100 for Pro; $500 for KATANA.
- Maximum leverage: 1:2000 for Cent, Zero, Pro and Premium; 1:1000 for Top-Up Bonus. The official table notes that leverage may be adjusted. The higher the leverage, the larger the loss a small price move can cause.
- HFM's Japanese-language site states that it is not intended for residents of Japan.
- HFM’s Japanese-language page shows a “BONUS HUNTER” campaign: ¥45,000 in trading-only funds with no deposit and a bonus of up to ¥150,000. Official terms apply.
- Margin call: 20% on KATANA and 50% on the other accounts. Stop-out: 0% on KATANA and 20% on the other accounts.
- Accounts opened through our partner link are with HF Markets (SV) Ltd, an international business company incorporated in St. Vincent and the Grenadines (registration 22747 IBC 2015).
- The official site states that HFM does not provide services to residents of the United States, Canada, Sudan, Syria, Iran, North Korea, the UAE, Turkey and other jurisdictions.
Checked on the broker’s official site on November 11, 2026. Conditions can change, so check the latest terms on the official site before you open an account.
Sources (official pages)
- https://www.hfm.com/int/jp/trading-accounts
- https://www.hfm.com/int/en/trading-accounts
XM Trading
- Four account types: Standard, Micro, KIWAMI and Zero.
- Minimum deposit: $5 on all four account types.
- Maximum leverage: 1000:1 (500:1 on Zero). It steps down once account equity exceeds $40,000. The higher the leverage, the larger the loss a small price move can cause.
- XMTrading offers a negative balance reset, meant to keep losses from exceeding what you deposited.
- Tightest spreads shown: 1 pip on Standard and Micro, 0.6 pips on KIWAMI and 0 pips on Zero. Spreads change with market conditions.
- A margin call is triggered when equity falls below 50% of required margin, and positions are closed automatically at 20% (stop-out).
- A ¥13,000 account-opening bonus is shown for all four account types. The deposit bonus applies to Standard and Micro: 100% up to $500, then 20% up to $10,000 (not KIWAMI or Zero). Official terms apply.
- Operated by Tradexfin Limited (Seychelles Financial Services Authority, securities dealer licence SD010) and Fintrade Limited (Mauritius Financial Services Commission, GB20025835).
- The official site states that it does not provide services to citizens of the United States, Canada, EU countries, Iran, North Korea or Belize.
Checked on the broker’s official site on November 11, 2026. Conditions can change, so check the latest terms on the official site before you open an account.
Sources (official pages)
- https://www.xmtrading.com/jp/account-types
- https://www.xmtrading.com/jp/trading-conditions
Open an account with the one that fits you.
Account terms can change. Check the latest terms on the official site before you apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you understand the risks involved.