XM vs HFM is a comparison that matters for forex traders across Africa, Asia, and the Middle East. Both brokers target emerging markets, both hold multiple regulatory licenses, and both maintain aggressive bonus programs that give traders extra capital to work with. XM has been operating since 2009, while HFM (formerly HotForex) launched in 2010 — both have more than 15 years of track record serving retail clients worldwide.
But identical age and similar audiences do not mean identical offerings. XM and HFM differ in their bonus structures, regulation depth, spread models, platform options, and the specific promotions they run. This comparison breaks down each factor so you can decide which broker fits your trading needs and priorities. We score both XM and HFM at 8.5/10 in our review methodology, but the right choice depends on which strengths matter most to you. Updated and verified June 2026.
Disclosure: forex-bonus.com may earn a commission when you sign up through our links. This never influences our ratings or analysis. Trading forex carries significant risk — most retail traders lose money. See our full affiliate disclosure and risk warning.
XM vs HFM: Side-by-Side Comparison Table
This table summarizes the core differences between XM and HFM. Every category is examined in detail in the sections that follow.
| Category | XM | HFM |
|---|---|---|
| Our Score | 8.5 / 10 | 8.5 / 10 |
| Founded | 2009 | 2010 |
| Top-Tier Regulation | CySEC, ASIC, DFSA, FCA (via Trading.com) | FCA, CySEC, DFSA |
| Offshore/Regional Regulation | IFSC (Belize), FSCA (South Africa) | FSCA (South Africa), FSA (Seychelles), CMA (Kenya) |
| Minimum Deposit | $5 (Micro/Standard) | $5 |
| Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, HFM App |
| No Deposit Bonus | $30 NDB (active, verified) | Previously offered; expired as of June 2026 |
| Deposit Bonus | 50% up to $500 + 20% up to $4,500 (total $5,000) | 100% up to $50,000 (Supercharged Bonus) |
| Typical EUR/USD Spread | From 1.0 pips (Standard) / From 0.6 pips (Ultra Low) | From 1.2 pips (Premium) / From 0.0 pips (Zero) |
| Leverage (Offshore) | Up to 1:1000 | Up to 1:2000 |
| Instruments | 1,000+ (forex, CFDs, stocks, commodities) | 1,200+ (forex, CFDs, stocks, commodities, bonds, ETFs) |
| Deposit/Withdrawal Fees | None from XM | None from HFM |
| Islamic Accounts | Yes | Yes |
| Loyalty Program | XM Points (XMP) tiered system | Trophy Road Points (TRP) four-tier system |
Spread figures are broker-stated minimums, not measured live averages. We recommend testing spreads on a demo account during the sessions you plan to trade. Instrument counts are approximate and vary by entity.
For the full methodology behind our scores, see our review methodology. For additional comparisons, visit the broker comparison hub or use our bonus comparison tool.
Regulation Comparison
Regulation determines how your money is protected and what recourse you have if something goes wrong. Here is how XM and HFM compare on licensing.
XM Regulation
XM operates under six regulatory licenses spanning multiple jurisdictions:
- CySEC (Cyprus) — Trading Point of Financial Instruments Ltd, License 120/10. EU-level oversight with investor compensation fund up to EUR 20,000.
- ASIC (Australia) — AFSL 443670. Among the strictest financial regulators globally.
- DFSA (Dubai) — License F003484. Regulates XM’s UAE operations.
- FCA (UK) — via the Trading.com brand. FSCS protection up to GBP 85,000 for eligible clients.
- IFSC (Belize) — XM Global Limited, License 000261/106. The primary entity for most emerging-market clients.
- FSCA (South Africa) — Oversees South African operations.
Most traders in Nigeria, India, Indonesia, the Philippines, Pakistan, and Bangladesh will be onboarded under XM’s Belize (IFSC) entity. The CySEC, ASIC, and FCA licenses apply to EU, Australian, and UK residents respectively, but their existence demonstrates that XM as a company meets high compliance standards at the corporate level.
HFM Regulation
HFM (formerly HotForex) holds regulation across six jurisdictions, including strong coverage in Africa:
- FSCA (South Africa) — HF Markets SA (Pty) Ltd. Direct regulation in one of Africa’s largest trading markets.
- FCA (UK) — UK-level regulatory oversight.
- CySEC (Cyprus) — EU-tier regulation with investor compensation.
- DFSA (Dubai) — Regulation for Middle Eastern operations.
- FSA (Seychelles) — HF Markets (SV) Ltd. The primary offshore entity for emerging-market clients.
- CMA (Kenya) — HF Markets (Kenya) Limited. Direct regulation in East Africa.
HFM’s regulatory coverage is specifically tailored to its core African and Asian audience. The CMA Kenya license is notable because it provides direct regulatory oversight in a key emerging market — something XM does not have. Like XM, most emerging-market clients outside of South Africa and Kenya will trade under the offshore Seychelles entity.
Regulation Verdict
Both brokers are well-regulated; each has different strengths. XM holds ASIC (Australia), which is generally considered one of the top three regulators worldwide. HFM counters with the CMA Kenya license, providing direct regulatory presence in East Africa. Both hold CySEC, FCA-tier, and DFSA licenses. For traders in South Africa, HFM has a direct FSCA entity while XM also holds FSCA regulation. For traders in Kenya and East Africa, HFM’s CMA license is a meaningful advantage. For traders who value the ASIC credential, XM stands out.
Neither broker’s offshore entity (XM’s Belize IFSC or HFM’s Seychelles FSA) provides the same level of client protection as CySEC or FCA. This is an industry-wide reality for emerging-market traders, not a shortcoming unique to either broker.
Bonus and Promotion Comparison
Bonuses are a primary reason traders compare XM and HFM. Both brokers run extensive promotional programs — among the most comprehensive in the industry. This is where the comparison gets detailed.
Important: Forex bonuses are not available in the EU, UK, Australia, or the United States due to regulatory restrictions. The offers described below apply only to clients registered under offshore entities in eligible regions. Always verify current availability directly with the broker before claiming. See our guide on why forex bonuses are banned in the EU and UK for the regulatory background.
XM Bonuses
XM operates a structured bonus program centered on three core offers. Data sourced from the Broker & Bonus Matrix, verified June 2026.
No Deposit Bonus — $30 (Active):
- Available to new clients in eligible emerging-market countries
- Claim within 30 days of opening a live account
- Complete 10 micro lots (0.1 standard lots) with minimum 5 round-turn trades
- The $30 credit is non-withdrawable; only profits are withdrawable after meeting the volume requirement
- No profit cap stated — profits fully withdrawable
- One bonus per person/IP address; SMS verification required
- Expert Advisors and automated trading not permitted on bonus accounts
Deposit Bonus — Up to $5,000 Total (Active):
- 50% match on first deposit up to $500
- 20% on subsequent deposits up to $4,500 additional
- Total maximum bonus: $5,000
- Available to both new and existing clients
- Minimum deposit $5
- Zero Accounts and Ultra Low Accounts are not eligible
- Volume requirements for the deposit bonus: bonus is released in proportion to trading volume; check broker website for current lot requirements per dollar of bonus
- Bonus forfeited after 90 days of account inactivity
Loyalty Program — XM Points (XMP):
- Tier progression based on consecutive active trading days: Executive (start), Gold (30+ days), Diamond (60+ days), Elite (100+ days)
- Points earned per standard lot traded: Executive 7 XMP, Gold 10 XMP, Diamond 13 XMP, Elite 16 XMP
- Redeemable as trading bonus at a rate of XMP/3 in USD
- Trades must last at least 10 minutes to qualify
HFM Bonuses
HFM runs one of the largest bonus ecosystems in the forex industry, with multiple concurrent promotions. Data sourced from the Broker & Bonus Matrix, verified June 2026.
No Deposit Bonus — Expired:
- HFM previously offered a $50 NDB for select Asian markets (Malaysia, Philippines, Singapore, Thailand, Vietnam)
- This bonus expired as of June 2026 and is no longer available
- HFM may relaunch a no-deposit offer in the future, but none is active at the time of writing
100% Supercharged Bonus — Up to $50,000 (Active):
- 100% match on qualifying deposits, up to $50,000 total
- Minimum deposit: $250 into Premium or Islamic account
- Bonus is non-withdrawable; profits are fully withdrawable
- Includes SuperCharged Rebates: $2 per standard lot on Gold, 0.2 pips per lot on Forex, up to lifetime max $8,000 in rebates
- Trades must exceed 2 minutes for full rebate (1-2 minutes = half rebate; under 1 minute = ineligible)
- Any withdrawal reduces the bonus proportionally (1:1)
- One bonus account per client/IP address
- Revoked after 60 days of inactivity
20% Top-Up Bonus — Up to $5,000:
- 20% bonus on every transfer into the Top-Up Bonus account
- Available on MT4 and MT5
- Percentage may vary from 10% to 100% depending on active regional campaigns; check broker website for current rates
Shield 500 — Up to $500 Loss Protection (Active):
- For first-time depositors only
- Deposit at least $10 within 10 days of registration
- Trading losses during the first 25 days are converted into tradable credit, up to $500
- Leverage 1:1000, no commissions
- Currently focused on African markets (Kenya, Nigeria, Ghana)
Return on Free Margin (ROFM) (Active):
- 2% to 3% annual return on free margin, paid from a $1,000,000 monthly prize pool
- Requires minimum 5 lots per month on Forex/metals; trades must stay open 3+ minutes
- Rates scale with free margin size and volume tier
Loyalty Program — Trophy Road Points (TRP) (Active):
- Four tiers: Rookie (25 TRP per $1M volume), Rising Star (30 TRP), Pro (35 TRP), Legend (40 TRP)
- 100 TRP given on joining
- Rewards include cash prizes, luxury items, and electronics
- Earn extra TRP via Missions and Crystal Boosters
Bonus Comparison Table
| Bonus Type | XM | HFM |
|---|---|---|
| No Deposit Bonus | $30 (active) | Expired as of June 2026 |
| Deposit Bonus | Up to $5,000 (50% + 20%) | Up to $50,000 (100% Supercharged) |
| Min Deposit for Bonus | $5 | $250 (Supercharged); $10 (Shield 500) |
| Rebate/Cashback | Not currently active | $2/lot Gold, 0.2 pips/lot Forex (up to $8,000 lifetime) |
| Loss Protection | None | Shield 500 (up to $500, Africa-focused) |
| Free Margin Return | None | 2-3% annual (ROFM program) |
| Loyalty Program | XM Points (4 tiers, points per lot) | Trophy Road Points (4 tiers, points per volume) |
| Demo Contest | Periodic demo trading contests; check broker website for current schedule | Monthly Virtual to Real ($2,000 first prize) |
Bonus Verdict
Different strengths for different traders. XM wins on the no deposit bonus — a $30 NDB that lets you start trading without depositing, which HFM no longer offers. HFM wins decisively on deposit bonus scale — 100% up to $50,000 versus XM’s combined $5,000 cap. HFM also provides additional features XM lacks: SuperCharged Rebates, Shield 500 loss protection, and the Return on Free Margin program.
If you are starting with zero capital, XM is the only choice between these two — the $30 NDB lets you start without depositing your own funds. If you are depositing $250 or more and want maximum bonus value, HFM’s 100% Supercharged Bonus doubles your trading capital with a far higher ceiling than XM. Compare all available bonuses across brokers in our Bonus Finder.
Spreads, Fees, and Trading Costs
Trading costs compound across every position you open. A fraction of a pip in spread difference becomes significant over hundreds or thousands of trades throughout a year.
Spread Comparison (Broker-Stated Minimums)
| Pair | XM Standard | XM Ultra Low | HFM Premium | HFM Zero Spread |
|---|---|---|---|---|
| EUR/USD | From 1.0 pips | From 0.6 pips | From 1.2 pips | From 0.0 pips + $6/lot RT |
| GBP/USD | From 1.5 pips | From 0.8 pips | From 1.8 pips | From 0.0 pips + $6/lot RT |
| USD/JPY | From 1.2 pips | From 0.7 pips | From 1.4 pips | From 0.0 pips + $6/lot RT |
| XAU/USD (Gold) | From 3.0 pips | From 2.1 pips | From 2.5 pips | From 0.0 pips + $6/lot RT |
We are actively testing live spreads on both platforms and will populate this table with measured averages. Until then, open a demo account on each broker to compare costs during your preferred trading session. Broker-advertised “from” spreads represent the best-case scenario, usually during peak London/New York overlap — not typical conditions.
Non-Spread Costs
| Fee Type | XM | HFM |
|---|---|---|
| Deposit Fees | None | None |
| Withdrawal Fees | None from XM (bank may charge) | None from HFM (bank may charge) |
| Inactivity Fee | $5/month after 90 days of no trading activity | $5/month after 6 months of inactivity |
| Swap/Overnight Fees | Standard swaps (Islamic swap-free available) | Standard swaps (Islamic swap-free available) |
| Commission Accounts | XM Zero account: spreads from 0.0 pips, commission applies per lot | HFM Zero Spread account: spreads from 0.0 pips, $6/lot round turn |
Cost Verdict
We cannot declare a definitive winner until live spread testing is complete. Both brokers offer variable-spread models on standard accounts and commission-based zero-spread accounts for active traders. HFM’s SuperCharged Rebates ($2 per lot on Gold, 0.2 pips per lot on Forex) effectively reduce trading costs for bonus account holders, which is a tangible advantage that XM does not currently match. We recommend opening demo accounts on both platforms before committing capital.
Account Types and Minimum Deposit
XM Account Types
| Account | Min Deposit | Spread Model | Commission | Lot Size | Platforms |
|---|---|---|---|---|---|
| Micro | $5 | Variable, from 1.0 pip | None | 1 micro lot (1,000 units) | MT4, MT5 |
| Standard | $5 | Variable, from 1.0 pip | None | 1 standard lot (100,000 units) | MT4, MT5 |
| Ultra Low | $5 | Variable, from 0.6 pips | None | Micro or Standard | MT4, MT5 |
| Shares | $10,000 | Variable | Per-share commission | 1 share | MT5 only |
XM’s $5 entry on Micro and Standard accounts remains among the lowest in the industry. The Micro account is built for beginners — each lot equals 1,000 units rather than 100,000, proportionally reducing risk per trade.
HFM Account Types
| Account | Min Deposit | Spread Model | Commission | Lot Size | Platforms |
|---|---|---|---|---|---|
| Cent | $5 | Variable | None | Cent lots (1,000 units) | MT4, MT5 |
| Premium | $5 | Variable, from 1.2 pips | None | Standard (100,000 units) | MT4, MT5 |
| Pro | $100 | Variable, tighter | None | Standard | MT4, MT5 |
| Zero Spread | $200 | From 0.0 pips | $6/lot round turn | Standard | MT4, MT5 |
| HFcopy | $100 | Variable | None | Standard | MT4 |
HFM’s Cent account serves the same purpose as XM’s Micro — smaller lot sizes for beginners and low-capital traders. The Premium account is the core offering and the primary account type eligible for the Supercharged Bonus.
Account Verdict
XM and HFM are closely matched on entry accessibility — both offer $5 minimum deposits and cent-lot accounts for beginners. XM’s account naming is simpler, while HFM offers more specialized account types. For bonus eligibility, note that XM’s deposit bonus excludes Ultra Low and Zero accounts, and HFM’s Supercharged Bonus requires a $250 minimum into a Premium or Islamic account.
Platforms and Technology
XM Platforms
- MetaTrader 4 (MT4): Full support for Expert Advisors, custom indicators, and one-click trading.
- MetaTrader 5 (MT5): Access to more instruments including stock CFDs, built-in economic calendar, and enhanced backtesting with the multi-threaded strategy tester.
- XM WebTrader: Browser-based trading without installing software.
- XM App: Dedicated mobile trading application available on iOS and Android, offering full account management and trading functionality.
HFM Platforms
- MetaTrader 4 (MT4): Standard MT4 with HFM server infrastructure.
- MetaTrader 5 (MT5): Full MT5 implementation with HFM’s instrument range.
- HFM App: Proprietary mobile application for trading and account management.
Platform Verdict
XM and HFM are essentially equal on platforms. Both support MT4 and MT5, which covers the vast majority of retail traders. Neither broker offers a standout proprietary desktop platform that differentiates them significantly. XM provides a browser-based WebTrader, while HFM focuses on its dedicated mobile app. If you trade exclusively on MetaTrader, this category is a tie.
Deposit and Withdrawal
Both XM and HFM offer zero-fee deposits and withdrawals from their side. Fees charged by banks or payment processors may still apply.
Payment Methods
| Method | XM | HFM |
|---|---|---|
| Bank Wire | Yes | Yes |
| Credit/Debit Card | Visa, Mastercard | Visa, Mastercard |
| E-Wallets | Skrill, Neteller, SticPay | Skrill, Neteller, FasaPay, SticPay |
| Crypto | Bitcoin, USDT via supported processors | Bitcoin, USDT via supported processors |
| Local Methods | Region-specific: bank transfer, M-Pesa, mobile money, UPI (India), FPX (Malaysia) | Region-specific: KES, NGN, GHS deposit currencies; M-Pesa, bank transfer, mobile money for African clients |
| Processing Time | Instant deposits; instant for e-wallets, 1-5 business days for bank wire withdrawals | Instant deposits; instant for e-wallets, 1-5 business days for bank wire withdrawals |
Deposit/Withdrawal Verdict
Both brokers perform well on payment flexibility. HFM has a slight edge for African traders because of direct support for local currencies (Kenyan Shillings, Nigerian Naira, Ghanaian Cedis), which can reduce currency conversion costs. XM also supports local payment methods but the specifics vary by region. Neither broker charges deposit or withdrawal fees on their end.
Customer Support
XM Customer Support
XM provides customer support via live chat, email, and phone in over 30 languages. XM is known for hosting in-person seminars and events across Africa and Asia, which provides a level of direct engagement that most online-only brokers cannot match. The live chat response time and support quality are generally rated as good across third-party review sites, with typical chat response times under two minutes during business hours.
HFM Customer Support
HFM offers support via live chat, email, phone, and callback in over 27 languages. As one of the most popular brokers in Africa, HFM maintains strong regional support infrastructure, including dedicated account managers for higher-tier clients and local language support for key African markets.
Support Verdict
Both brokers offer strong multilingual support. XM’s in-person seminars and events across emerging markets give it an edge for traders who value face-to-face engagement. HFM’s deep roots in Africa and strong local-language support make it slightly stronger for African traders specifically. For most traders relying on live chat and email, both brokers deliver adequate service.
Education and Research
XM Education
XM invests heavily in educational content: live webinars in multiple languages, video tutorials, daily market analysis, and the XM Research hub. XM is particularly well-known for hosting in-person seminars in cities across Africa and Asia, making education accessible to traders who prefer live interaction. XM reports hosting seminars in over 120 cities worldwide.
HFM Education
HFM provides educational materials including video tutorials, webinars, an economic calendar, market analysis reports, and trading tools. The HFM Loyalty Program also includes educational elements through its Mission system, which rewards traders for completing specific learning and trading activities. HFM also offers a Trader’s Board and analytical tools within its platform ecosystem.
Education Verdict
XM has a slight edge on education, particularly for beginners who benefit from live webinars and in-person seminars. HFM’s educational offering is solid but more conventional. For experienced traders, neither broker’s education is likely a deciding factor.
Who Should Choose XM?
XM is the better choice if:
- You want a no deposit bonus. XM’s $30 NDB lets you start trading without depositing any money — HFM’s NDB has expired and is no longer available.
- You are a complete beginner. The $5 minimum deposit, Micro account with 1,000-unit lots, and extensive educational resources (webinars, seminars, tutorials) create a supportive learning environment.
- You value ASIC regulation. XM’s Australian Securities and Investments Commission license is one of the strongest credentials in the industry.
- Education matters to you. XM’s multilingual webinar program and in-person seminars across Africa and Asia are difficult for any broker to match.
- You want stock CFDs. XM’s Shares account provides access to over 600 stock CFDs on MT5, covering major global markets.
For more about XM, see our full XM broker review and the XM vs Exness comparison.
Who Should Choose HFM?
HFM is the better choice if:
- You want a larger deposit bonus. HFM’s 100% Supercharged Bonus up to $50,000 far exceeds XM’s combined $5,000 deposit bonus cap. If you are depositing $250 or more, HFM gives you significantly more bonus capital.
- You trade in Africa. HFM holds FSCA (South Africa), CMA (Kenya), and supports African local currencies (KES, NGN, GHS) for deposits. The Shield 500 program is specifically designed for African first-time depositors.
- You want ongoing rebates. HFM’s SuperCharged Rebates ($2/lot on Gold, 0.2 pips/lot on Forex) reduce your effective trading costs as long as you trade through a bonus account.
- You want loss protection. The Shield 500 converts your trading losses during the first 25 days into tradable credit up to $500 — a safety net no other major broker currently offers.
- You want return on idle capital. HFM’s Return on Free Margin program pays 2-3% annually on free margin that is sitting in your account, provided you meet minimum volume requirements.
For more about HFM, see our full HFM broker review.
The Verdict: XM vs HFM in 2026
Both XM and HFM earn 8.5/10 in our review methodology, and both are strong choices for emerging-market traders. The right decision comes down to your priorities and trading situation.
Choose XM if you want a no deposit bonus to start without depositing your own funds, prefer the lowest possible entry barrier ($5 Micro account), want stock CFD access, or value XM’s industry-leading educational program of live webinars and in-person seminars. XM is the stronger choice for beginners and for traders who want to test a broker without depositing first.
Choose HFM if you are depositing $250 or more and want the maximum deposit bonus value (100% up to $50,000), trade primarily in African markets where HFM has the strongest regulatory and local-currency support, want ongoing rebates that reduce your trading costs over time, or want unique features like Shield 500 loss protection and Return on Free Margin.
For bonus-focused traders specifically: XM gives you the better starting point (free $30), while HFM gives you the better scaling point (100% match up to $50,000). If you are depositing under $250, XM’s bonus structure delivers more value. At deposits of $250 and above, HFM’s Supercharged Bonus provides significantly more additional capital.
The practical approach: Open demo accounts on both platforms, compare the spreads during your typical trading hours, and test the deposit/withdrawal process with a small amount before committing your primary capital. Neither broker charges fees for deposits or withdrawals, so the cost of testing is zero. Compare all bonus offers side by side with our bonus comparison tool.
Read our full reviews for more detail: XM broker review | HFM broker review. See all comparisons in the broker comparison hub, or find the best current offers in the Bonus Finder.
Frequently Asked Questions
Is XM or HFM better for beginners?
XM is generally better for beginners. The $30 no deposit bonus lets you trade with real money before depositing your own funds, which is the lowest-risk way to test a live trading environment. XM’s Micro account ($5 minimum, 1,000-unit lots) reduces risk per trade, and XM’s educational program of live webinars and in-person seminars provides structured learning. HFM is also beginner-friendly with its $5 entry and Cent account, but it currently lacks a no deposit bonus and offers less educational infrastructure than XM.
Does HFM offer a no deposit bonus in 2026?
HFM previously offered a no deposit bonus of $50 for select Asian markets (Malaysia, Philippines, Singapore, Thailand, Vietnam), but this bonus expired as of June 2026. HFM may relaunch a no deposit offer in the future, but none is currently active. If starting without a deposit is important to you, XM’s $30 NDB is the stronger option between these two brokers. Check our Bonus Finder for the latest availability across all brokers.
Which broker has the bigger deposit bonus: XM or HFM?
HFM’s deposit bonus is substantially larger. HFM offers a 100% Supercharged Bonus on deposits up to $50,000 total (minimum deposit $250, Premium or Islamic account), while XM’s deposit bonus program caps at $5,000 total (50% on first deposit up to $500 plus 20% on subsequent deposits up to $4,500). However, HFM requires a higher minimum deposit ($250 versus XM’s $5) to access the Supercharged Bonus.
Can I use XM and HFM at the same time?
Yes. There is no restriction against holding accounts at multiple brokers. Many experienced traders maintain accounts at both to access different bonus programs — for example, using XM’s $30 NDB and then HFM’s Supercharged deposit bonus. This also provides a backup broker if one platform experiences downtime or technical issues during volatile market conditions.
Are XM and HFM available in Nigeria and South Africa?
Both XM and HFM are available to traders in Nigeria and South Africa. Both hold FSCA (South Africa) regulation, and HFM additionally holds CMA (Kenya) regulation for East African traders. Bonus availability varies by entity and region — always confirm eligibility directly with the broker before opening an account. Note that XM’s bonuses are primarily available through the XM Global (Belize/IFSC) entity, while HFM’s bonuses are available through the HF Markets (SV) Ltd (Seychelles/FSA) entity. Forex trading carries significant risk and most retail traders lose money.
This comparison was researched and written by Tim Morris, founder of forex-bonus.com. All data sourced from the verified Broker & Bonus Matrix, June 2026, broker documentation, and official T&C PDFs. Spread figures represent broker-stated minimums, not measured live averages; we recommend testing on a demo account during your preferred trading session. Last verified June 2026.