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Forex Broker Reviews
Cashback on every lot

Compare Exness, XM and HFM for traders worldwide: licensing, minimum deposit, leverage, commission and rebate per lot when you open through 1TRADER

See brokersComparison table

Data checked 18 Oct 2026 · 1TRADER is a partner (IB) of every broker on this page · Disclosure

BrokerRebate via 1TRADER
XM RecommendedDeposit $5 · Gold $18/lot90%Paid daily, automatically Exness Top pickDeposit $10 · 6 account types95%Paid daily, automatically HFMDeposit $0 · Gold $14.25/lot95%Paid daily, automatically

Showing 3 brokers · rebate rates in USD per 1 standard lot

ex

Exness Top pickFounded 2008

Multiple licences worldwide

95% rebate, paid dailyRaw / Zero accountsCent account6 account types
Rebate via 1TRADER95%of IB commission · paid daily, automatically
Min. deposit$10Standard · depends on method
Max leverageUnlimitedsubject to account conditions
Commission$0Standard · Raw up to $3.50⁠/⁠side
PlatformsMT4 · MT5+ Exness Terminal
Rebate per lot (Standard Plus)Gold $12.83EURUSD $3.91
Partner code
Pros · Things to know
Read reviewOpen account ↗
XM

XM RecommendedFounded 2009

XM Global Limited · FSC Belize 8557558 (offshore)

Gold rebate $18/lotFrom $5 depositBeginners3 account types
Rebate via 1TRADER90%of IB commission · paid daily, automatically
Min. deposit$5Standard · Ultra Low
Max leverage1:1000lower on larger balances
Commission$0Standard · Ultra Low
PlatformsMT4 · MT5+ XM app
Rebate per lot (Standard)Gold $18EURUSD $8.10
Partner code
Pros · Things to know
Read reviewOpen account ↗
HFM

HFMFounded 2010

HF Markets · group licensed by the FCA, FSCA, FSA Seychelles and CMA Kenya · international site run by HF Markets (SV) Ltd (offshore)

95% rebateGold $14.25/lotFrom $0 deposit182 symbols6 account types
Rebate via 1TRADER95%of IB commission · paid daily, automatically
Min. deposit$0Cent · Premium · Zero
Max leverage1:2000lower on metals/crypto
Commission$0Premium · Zero $6/lot
PlatformsMT4 · MT5+ HFM app
Rebate per lot (Premium)Gold $14.25EURUSD $8.55
Partner code
Pros · Things to know
Read reviewOpen via LINE ↗
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Comparison table

The top 3 rows are what you get extra by opening through 1TRADER · USD per 1 standard lot

Scroll the table sideways to see everything →

Item Exness Top pick XM Recommended HFM
Rebate type95%HighestPaid daily, automatically90%Paid daily, automatically95%Highestof IB commission · paid daily, automatically
Gold rebate / lot$12.83Standard Plus$18HighestStandard$14.25Premium · Top Up · Copy
EURUSD rebate / lot$3.91Standard Plus$8.10Standard$9.50HighestTop Up Bonus · Premium $8.55
Entity for international clientsRegulated internationallyMultiple licenses worldwideXM Global LimitedFSC Belize · 8557558HF Markets (SV) LtdRegistered in St. Vincent · 22747 IBC 2015
Min. deposit$10Standard$5Standard · Ultra Low$0LowestCent · Premium · Zero
Max leverageUnlimitedsubject to conditions1:10001:2000
Account typesStandard Cent, Standard, Standard Plus, Pro, Raw Spread, ZeroStandard, Ultra Low, SharesPremium, Cent, Pro, Zero, Top Up Bonus, Copy TradingRebates on 182 symbols
Low-spread + commission accountsRaw up to $3.50/sideZero from $0.05/side—Zero $6/lot round turn
PlatformsMT4, MT5, Exness TerminalMT4, MT5, XM appMT4, MT5, HFM app
Partner codeli9a69p4NONFX322797

Data as of 18 Oct 2026 from the brokers’ official websites and independent review sources. Conditions may differ by country, payment method and account type. Please check with the broker before opening an account

How to choose

How to choose the right broker

4 things to check before you deposit, most important first

1

The licence of the company you sign up with

Big brokers run several companies. Check which one holds your account and who regulates it — not the licence in the ads

2

Real cost per lot

Add up spread, commission and swap, then subtract the rebate. A wide-spread account with a high rebate can work out cheaper

3

Easy deposits and withdrawals?

Check the methods, fees and withdrawal times. Try a small withdrawal before adding more funds

4

An account that fits your style

Beginners can start with Cent or Standard; scalpers should look at low-spread Raw / Zero accounts

Net cost per lotSpread + commission + swap − rebateCalculate cashback →
Open via a 1TRADER link Check the partner code on the sign-up page
Send your account number on LINE@1trader links it for rebates
Trade as usual Cashback paid automatically, on winning and losing trades
FAQ

Frequently asked questions

Still unsure? Ask our team for advice based on your trading style

Ask on LINE @1trader
Which Forex broker is best?

No broker is best for everyone. If you’re starting small and mainly trade gold, XM ($5 deposit, $18/lot gold rebate) is simple. If you want a wide choice of accounts, Exness (95%) fits better. HFM suits traders who want to start with no minimum deposit, with 95% of the IB commission back ($14.25/lot on gold) and 6 account types to choose from

How does this page review Forex brokers?

We review Forex brokers on 5 things that directly affect your money: the entity and licence that hold international client accounts, minimum deposit, net trading cost (spread + commission + swap − rebate), leverage and platforms, and the rebate rate per lot. Every figure is checked against the brokers’ official websites, most recently on 18 Oct 2026. Read the individual reviews: Exness review · XM review · HFM review

Can I open an account with these brokers from my country?

All 3 brokers are licensed by regulators outside most of their clients’ home countries, and none of them accepts clients from every country — for example, none of them takes clients from the United States or Canada. These offshore licences protect investors less than European or Australian licences. Check your local rules first, and only trade with money you can afford to lose

Why are there only 3 brokers on this page?

We only include brokers where 1TRADER is a partner (IB) and can actually pay you rebates. We earn a commission from the broker when you open an account through our link and share it back with you as a rebate

How is opening through 1TRADER different from opening directly?

Spreads, commissions and account conditions are exactly the same as opening directly. What you get extra is a rebate on every lot plus reward points to redeem in the 1trader app

I already have an account. Can I switch to get rebates?

Send your account number on LINE @1trader and our team will check if it qualifies. Accounts opened with another partner may not be transferable — the simplest way is to open a new account through a 1TRADER link

What does a 95% rebate mean?

It means 95% of the IB commission the broker pays 1TRADER — not 95% of your deposit. What you actually receive is your qualifying lots multiplied by the rate per lot. See detailed rates at HFM rebate, Exness rebate and XM rebate

Disclosure: 1TRADER is a partner (Introducing Broker) of Exness, XM and HFM and earns a commission when you open an account or trade through the links and codes on this page. The display order follows the rebate or minimum deposit you choose — it is not a quality ranking

Risk warning: Forex and CFD trading carries a high risk due to leverage, and you could lose all your capital. This content is for information only and is not investment advice. Data as of 18 Oct 2026 and may change with broker conditions · Risk warning · Editorial policy

Comparison guide

Forex broker reviews: Exness, XM and HFM compared topic by topic

The table above sums up the numbers. This section explains how each topic differs and what to look for so you can choose the broker that fits your trading style. All data checked as of 18 Oct 2026

01 · LicensingCheck the entity you actually sign up with

Exness: Regulated internationally · XM: XM Global Limited · FSC Belize 8557558 · HFM is a group licensed by the FCA, FSCA, FSA Seychelles and CMA Kenya, but its international website is run by HF Markets (SV) Ltd, registered in St. Vincent (offshore)

Note None of the 3 is licensed in every country it serves, and offshore licences protect investors less than European or Australian ones. Always check the company name on the sign-up page before you deposit

02 · Minimum depositYou can start small with all 3

HFM has no minimum deposit ($0) on Cent, Premium, Zero and Top Up Bonus accounts (Pro from $100) · XM starts at $5 on Standard and Ultra Low accounts · Exness starts at $10 on the Standard account, but Pro, Raw and Zero accounts need a higher deposit (around $200, varies by region)

Note If you want to try a Cent account, look at Exness or HFM. XM has no Cent account, but its Standard and Ultra Low accounts offer a Micro size (1 lot = 1,000 units), which also lets you start small

03 · Trading costsWide spreads with no commission, or tight spreads with commission

The Standard accounts at all 3 charge no commission but have wider spreads (XM Standard EURUSD around 2.0 pips), while low-spread accounts charge commission separately: Exness Raw up to $3.50/side · Zero from $0.05/side · HFM Zero $6/lot round turn

Note Compare by net cost per lot: = spread + commission + swap − rebate. A wide-spread account with a high rebate can be cheaper than a low-spread account for some trading styles

04 · RebatesA higher percentage doesn’t mean the most cashback per lot

Exness and HFM pay back 95% of the IB commission, while XM pays back 90% — but in dollars per lot of gold, XM pays the most: $18 · HFM $14.25 · Exness $12.83, and on EURUSD HFM Top Up Bonus pays the most: $9.50 · XM $8.10 · Exness $3.91

Note All 3 pay rebates automatically every day. See the rates for every account type at Exness rebate · XM rebate · HFM rebate or compare them side by side at Forex Rebate

05 · Leverage and platformsHigher isn’t better

Exness leverage: Unlimited, subject to account conditions · XM up to 1:1000, lower on larger balances · HFM up to 1:2000, but lower on metals and crypto. All 3 support MT4 and MT5, plus their own apps

Note High leverage makes profits and losses grow equally fast. Set your lot size and stop loss before entering a trade — don’t choose a broker on leverage alone

Choose a broker by trading style Based on the numbers in the comparison table (data as of 18 Oct 2026)

Trading styleBest fitWhy
Starting smallHFM · XM$0 and $5 minimum deposits
Mainly goldXMHighest gold rebate, $18/lot
Major currency pairsHFMEURUSD rebate $9.50/lot (Top Up Bonus)
Scalping / low spreadExness · HFMRaw / Zero accounts with separate commission
Want to try small lotsExness · HFM · XMCent accounts at Exness and HFM · Micro size at XM

What all 3 have in common When you open through 1TRADER

01Rebates paid daily

Cashback arrives automatically on both winning and losing trades

02Same spreads as opening directly

Commission and account conditions are the same as opening with the broker directly

03MT4 and MT5

Standard platforms at every broker, plus the broker’s own app

04Offshore licences

International accounts are opened with offshore entities — check the company name before depositing

Checklist before choosing a broker Complete all 6 steps before your first deposit

  • Sum up your trading style: the symbols you trade most, lot size and frequency
  • Compare minimum deposit, costs and rebates in the Comparison table
  • Check that the entity name and licence on the sign-up page match what’s stated
  • Open your account via a 1TRADER link and check the partner code
  • Send your trading account number on LINE @1trader to link rebates
  • Try a small deposit and withdrawal before adding more funds

Conclusion

There’s no single best answer when comparing Forex brokers. XM stands out for its $5 starting deposit and the highest gold rebate, HFM for no minimum deposit and the highest EURUSD rebate, and Exness for its wide range of accounts, from Cent to Raw/Zero. All 3 pay rebates every day. Choose by your trading style and net cost, and remember that Forex and CFD trading is high risk

Sources: the official websites of Exness, XM and HFM and independent review sources, checked as of 18 Oct 2026. Rebate rates come from 1TRADER’s partner (IB) data. Conditions may differ by country, payment method and account type · Read more: How to get rebates · XM review · Exness review · HFM review · Risk warning