HFM Review: Detailed Analysis & Insights

Explore our thorough HFM review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if HFM aligns with your trading goals.

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HFM Overview

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

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HFM Reviews

4.2/5
5 reviews
TraderMike89

HF Markets offers an excellent trading experience with tight spreads and great leverage options. The MT5 platform is smooth and easy to use.

3/10/2024
SophiaL

The 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.

4/20/2024
JWilPro

I 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!

2/15/2024
EmmaJ

HF Markets is decent, but the minimum deposit for some account types is higher than other brokers. The bonus program is a nice touch though.

1/30/2024
Liam

I 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.

3/25/2024

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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

Premium
Deposit: $1
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 1.2 pips
Fee: No
Max Leverage: 1:2000
Stop Out: 20%
Margin Call: 50%
Zero
Deposit: $1
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0 pips
Fee: $6 per 1 lot
Max Leverage: 1:2000
Stop Out: 20%
Margin Call: 50%
Cent
Deposit: $1
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 1.2 pips
Fee: No
Max Leverage: 1:2000
Stop Out: 20%
Margin Call: 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
Funding 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 NameStart BalancePrize PoolPeriodDetails
Virtual to Real$10,000$3,500MonthlyLearn More

HFM Support

Telegram
Facebook
LinkedIn
YouTube
Instagram
Twitter

HFM vs Competitors

FeaturesHFMXMExnessFXCMAlpariAMarkets
TypeMM, STPMMMM, STP, ECNSTP, DMAECN, MMECN, STP
Minimum Deposit$1$5$10$50$50$100
RegulatorsSVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMABFSC, CySEC, ASIC, DFSAFCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMAFCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSAMISA, NBRBFSC, MISA, SVGFSA
PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), Trading Station, TradingViewMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Spreadaveragelowlowaverageaveragelow
Leverage1:20001:10001:20001:10001:30001:3000
AssetsCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities

FAQ

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How much is the maximum leverage at HFM?

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