HFM Overview

HFM (formerly HotForex) is a well-established global forex and commodities broker founded in 2010. With over 2.5 million live accounts and a presence in more than 180 countries, HFM has built a strong reputation for its diverse account types, competitive trading conditions, and excellent customer support. The broker is regulated by multiple financial authorities worldwide.

Key Features of HFM

HFM provides traders with a comprehensive trading environment suitable for both beginners and experienced traders. Here are the standout features:

Tight Spreads

From 0.0 pips on major currency pairs with RAW accounts

High Leverage

Up to 1:2000 for professional traders

Platforms

MT4, MT5, HFM Platform for web and mobile

Assets

1000+ instruments including forex, stocks, commodities

Pros

  • Multiple regulatory licenses from reputable authorities
  • Wide range of account types for all trader levels
  • Extensive educational resources and research tools
  • Excellent customer support in multiple languages
  • Negative balance protection for all clients
  • Various deposit and withdrawal methods with no fees

Cons

  • Limited product portfolio in some regions
  • High minimum deposit for Premium accounts
  • Withdrawal processing can take up to 24 hours
  • Not available to clients in some countries (e.g., USA)
  • Inactivity fee after 6 months of no trading

HFM Account Types

HFM offers six main account types to cater to different trading styles and experience levels:

Account Type Minimum Deposit Spreads Commission Leverage
Micro Account $5 From 1 pip No commission Up to 1:1000
Premium Account $100 From 1 pip No commission Up to 1:500
Zero Spread Account $200 From 0 pips $3 per lot Up to 1:500
Auto Account $100 From 1 pip No commission Up to 1:500
PAMM Account $100 From 1 pip No commission Up to 1:500
Islamic Account $5 From 1 pip No commission Up to 1:500

Regulation and Safety

HFM is regulated by multiple financial authorities worldwide, ensuring a secure trading environment:

CySEC (Cyprus)
FCA (UK)
FSCA (South Africa)
DFSA (Dubai)

Client funds are kept in segregated accounts with top-tier banks, and the broker participates in compensation schemes that protect investors up to certain amounts in case of insolvency.

Trading Platforms

HFM offers the industry-standard MetaTrader 4 and MetaTrader 5 platforms, along with their proprietary HFM Platform which is available as desktop applications, web traders, and mobile apps for iOS and Android devices.

The platforms are known for their advanced charting capabilities, technical analysis tools, and support for automated trading through Expert Advisors (EAs). HFM also provides additional tools like HFcopy for social trading and premium analytics for professional traders.

Deposits and Withdrawals

HFM supports a variety of payment methods for deposits and withdrawals, including:

Most deposit methods are processed instantly, while withdrawals are typically processed within 24 hours on business days. HFM does not charge fees for deposits or withdrawals, but some payment providers may apply their own charges.

Final Verdict: Is HFM Right For You?

Rating: 4.5/5

HFM is an excellent broker choice for traders of all experience levels. The broker stands out for its wide range of account types, strong regulatory framework, and comprehensive educational resources. The competitive spreads and multiple platform options make it suitable for various trading strategies.

While the broker has some limitations in certain regions and product offerings, these are minor compared to its overall strengths. The excellent customer support and negative balance protection add to its appeal as a reliable broker.

Best for: Traders looking for a well-regulated broker, beginners who need educational resources, professional traders requiring advanced tools, and traders who value multiple account options.

Not ideal for: Traders in restricted countries, those looking for ultra-fast withdrawal processing, and traders who prefer a very simple account structure.

Ready to Start Trading with HFM?

Open an account today and enjoy competitive spreads with high leverage

Open HFM Account

Frequently Asked Questions

Is HFM a regulated broker?

Yes, HFM is regulated by multiple authorities including CySEC (Cyprus), FCA (UK), FSCA (South Africa), and DFSA (Dubai).

What is the minimum deposit for HFM?

The minimum deposit is $5 for Micro and Islamic accounts, $100 for Premium, Auto and PAMM accounts, and $200 for Zero Spread accounts.

Does HFM offer demo accounts?

Yes, HFM offers unlimited demo accounts with virtual funds so traders can practice their strategies risk-free.

What trading platforms does HFM provide?

HFM offers MetaTrader 4, MetaTrader 5, and their proprietary HFM Platform for desktop, web, and mobile devices.

Does HFM charge withdrawal fees?

HFM does not charge fees for withdrawals, but some payment providers may apply their own charges.