HFM Overview
| Website | hfm.com |
| Year Founded | 2010 |
| Countries of Registration | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
| Website Languages | English, Arabic, Bengali, Simplified Chinese, German, Spanish, French, Indonesian, Italian, Japanese, Korean, Malay, Filipino, Portuguese, Thai, Vietnamese, Traditional Chinese, Urdu, Hindi |
| Regulators | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA |
| Broker Type | MM, STP |
| Dealing | B-book, A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, JPY, NGN |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at HFM
HFM, previously known as HotForex, is a well-established online forex and CFD broker, renowned for its diverse range of trading instruments, competitive pricing, and user-friendly platforms. Founded in 2010, the broker is regulated by multiple reputable authorities, including the FCA, CySEC, and FSCA, ensuring a high standard of security and transparency for its clients. With access to over 1,000 tradable assets, including forex, indices, commodities, and shares, HFM caters to both beginner and experienced traders, providing a seamless trading experience through platforms like MetaTrader 4, MetaTrader 5, and its proprietary app. One of HFM's standout features is its flexible account options, which include a zero-spread account for cost-conscious traders and a micro account for those looking to start small. The broker also offers robust educational resources, free market analysis, and a suite of advanced tools to support informed trading decisions. Coupled with tight spreads, swift execution, and responsive customer support available 24/5, HFM continues to solidify its reputation as a reliable choice for traders across the globe.
Pros
- Regulated by top-tier authorities (CySEC, FCA, FSCA, etc.)
- Wide range of Instruments
- Flexible account options
- Comprehensive educational resources
- Responsive customer support
Cons
- Inactivity fees
- Limited availability in some countries
Is HFM available in my country?
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HFM doesn't accept clients from United States!
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HFM Reviews
HF Markets offers an excellent trading experience with tight spreads and great leverage options. The MT5 platform is smooth and easy to use.
3/10/2024The broker is solid, but I wish they had more crypto options. The app is user-friendly, and the withdrawal time was faster than I expected.
4/20/2024I signed up for a demo account to test the MT4 platform and was impressed with how easy it was to download and start trading. Great broker overall!
2/15/2024HF Markets is decent, but the minimum deposit for some account types is higher than other brokers. The bonus program is a nice touch though.
1/30/2024I appreciate the rebates and the variety of account types offered by this broker. Order execution is fast, but spreads could be tighter for forex pairs.
3/25/2024Leave a Review
Is HFM regulated?
| Companies | HF Markets (SV) Ltd, HF Markets SA (PTY) Ltd, HF Markets (Seychelles) Ltd, HF Markets Fintech Services Ltd, HF Markets (Europe) Ltd, HF Markets (UK) Ltd, HF Markets (DIFC) Ltd, HFM Investments Ltd |
| Countries | Saint Vincent and the Grenadines, South Africa, Seychelles, Cyprus, United Kingdom, United Arab Emirates, Kenya |
| Regulators | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
HFM Account Types
| Property | Premium | Zero | Cent |
|---|---|---|---|
| Deposit | $1 | $1 | $1 |
| Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating | Floating |
| Execution | Market | Market | Market |
| Min Spread | 1.2 pips | 0 pips | 1.2 pips |
| Fee | No | $6 per 1 lot | No |
| Max Leverage | 1:2000 | 1:2000 | 1:2000 |
| Stop Out | 20% | 20% | 20% |
| Margin Call | 50% | 50% | 50% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
HFM Funding and Fees
| Base currencies | USD, EUR, JPY, NGN |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, BitPay, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT) |
| Inactivity fee | $5 per month after 6 months |
| Interest on margin | |
| Withdrawal Fee |
HFM Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 2000 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
HFM Trading Assets
| Currencies | 53 |
| Indices | 11 |
| Stocks | 95 |
| Cryptocurrencies | 40 |
| Bonds | 3 |
| Metals | 6 |
| Energies | 2 |
| Soft Commodities | 5 |
| ETFs | 33 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Virtual to Real | $10,000 | $3,500 | Monthly | Learn More |
HFM Support
| [email protected] | |
| Phone | +442030978571 |
| Telegram | Telegram |
| YouTube | YouTube |
HFM vs Competitors
| Features | HFM | XM | Exness | FXCM | Alpari | AMarkets |
|---|---|---|---|---|---|---|
| Type | MM, STP | MM | MM, STP, ECN | STP, DMA | ECN, MM | ECN, STP |
| Minimum Deposit | $1 | $5 | $10 | $50 | $50 | $100 |
| Regulators | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA | BFSC, CySEC, ASIC, DFSA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | MISA, NBRB | FSC, MISA, SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | average | low | low | average | average | low |
| Leverage | 1:2000 | 1:1000 | 1:2000 | 1:1000 | 1:3000 | 1:3000 |
| Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities |
