Score by factor
| Factor | Exness | HFM |
|---|---|---|
| Regulation & safety (30%) | 10.0 | 10.0 |
| Trading costs (20%) | 9.6 ✓ | 8.4 |
| Funding in Africa (20%) | 10.0 ✓ | 9.5 |
| Platforms & tools (15%) | 7.0 | 7.0 |
| Support & education (15%) | 6.0 | 10.0 ✓ |
Side by side
| Exness | HFM | |
|---|---|---|
| FX Radar score | 8.9/10 | 9.1/10 |
| African licences | South Africa (FSCA), Kenya (CMA) | South Africa (FSCA), Kenya (CMA) |
| Min deposit | $10 Standard · $200 Pro/Raw/Zero | $0 Cent/Premium/Zero (≈$5 by payment method) |
| African-currency accounts | ZAR, KES, NGN | KES, ZAR |
| M-Pesa | Yes | Yes |
| EUR/USD spread | ~0.7 pips EUR/USD on Standard · from 0.0 on Raw/Zero | ~1.0 pip EUR/USD on Premium · from 0.0 on Zero |
| Commission | None on Standard · per lot on Raw & Zero | None on Premium · per lot on Zero |
| Max leverage | Up to 1:2000 (1:400 under CMA) | Up to 1:2000 (1:400 under CMA) |
| Withdrawals | Mostly automated; e-wallets and M-Pesa often within seconds | E-wallets same day · SA bank ≤2 days · cards up to 10 business days |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade app | MT4, MT5, HFM App, WebTrader |
| Support | 24/7 live chat, email, phone · 15+ languages | 24/7 · live chat, email, phone |
| Founded | 2008 | 2010 |
Which should you choose?
Choose Exness if you want…
- Local licences in Kenya and South Africa
- Automated, fast withdrawals incl. M-Pesa
- Low $10 entry and tight Standard spreads
- Five account types for every style
Choose HFM if you want…
- CMA and FSCA licensed
- Nairobi office and KES accounts
- $0 minimum and M-Pesa funding
- Strong free education centre
Scores and facts come from the same data as our broker reviews and update when brokers change their terms. Last checked 6 Oct 2026.