HFM

HFM Review: Is HFM Broker Good?

HFMOr the original nameHotForexIt is a multi-asset broker operating in the global financial markets since 2017.2010Under the group of companiesHFM GroupRegulated by multiple regulatory bodies, HFM offers a wide range of trading products, supported trading platforms and account types to suit both retail and institutional investors.

In this TrustFinance review, we will take readers through the basics of HFM, its licensing structure, available tools, and trading conditions to help investors make informed decisions.

Overview and general information

HFM started out as the HotForex brand before rebranding to HFM to reflect its wider range of global offerings. The company claims to have over 4 million live accounts opened and has won over 80 industry awards. In preparation for its 15th anniversary in 2025, the company has made several improvements, including:

• HFM Trading App is an application that supports trading, portfolio and trading orders in one app.

• Launch of Cent Account for beginners who want to open small orders

• Features such as Return on Free Margin (ROFM), Loyalty Rewards and RevShare+ for partners.

Despite ongoing developments, users should check which regulatory body HFM is under as conditions and products may vary from country to country.

Licensing and Regulation

HFM is part of the HFM Group of companies, which is regulated in several countries including:

• HF Markets (SV) Ltd– Registered in Saint Vincent and the Grenadines

• HF Markets (DIFC) Ltd– Licensed by DFSA (Dubai)

• HF Markets SA (PTY) Ltd– Regulated by FSCA (South Africa)

• HF Markets (Seychelles) Ltd– Licensed by FSA (Seychelles)

• HFM Investments Ltd– Licensed by CMA (Kenya)

The fact that a company is regulated by multiple regulators adds credibility, but clients should check which regulator their account is under, as there may be differences in coverage levels, leverage and products offered.

Trading products

HFM is open for trading over500 itemsCovers a wide range of assets such as:

• Forex: Over 50 currency pairs

• Commodities: Such as cocoa, sugar, coffee, cotton, copper.

• Cryptocurrency: 10 major coins such as Bitcoin, Ethereum, Solana

• ETF: Including SPDR and Vanguard funds.

• Indexes & Futures: Such as US SPX500, Germany 40, Japan 225.

• Foreign stocks: More than 80 stocks from NASDAQ, NYSE, LSE, EURONEXT markets.

• bond: Euro Bund, US 10-Year Treasury Note, UK Gilt

• Metals and Energy: Gold, Silver, Platinum, Crude Oil and more.

These assets are ideal for investors looking to diversify their portfolios, but access to certain products may depend on account type or service area.

Supported platforms

Clients can choose from popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as the broker’s own HFM Trading App, designed for ease of use in both trading and account management via mobile.

Account types and trading conditions

HFM offers a total of 6 account types to choose from, supporting different strategies:

Cent

• Starting spread: 1.2 pips

• Leverage: Up to 1:2000

• Commission: 0%

• Minimum deposit: $0
  
  

Zero

• Starting spread: 0 (Forex only)

• Leverage: Up to 1:2000

• Commission: $6 per round / $10 on gold

• Minimum deposit: $0
  
  

Pro

• Starting spread: 0.6 pips

• Leverage: Up to 1:2000

• Commission: 0%

• Minimum deposit: $100
  
  

Premium

• Starting spread: 1.2 pips

• Leverage: Up to 1:2000

• Commission: 0%

• Minimum deposit: $0
  
  

Copy Trading (Cent)

• Starting spread: 1.2 pips

• Leverage: Up to 1:500

• Commission: 0%

• Minimum deposit: $10 (for followers) and $25 (for strategy providers).
  
  

PAMM (Premium)

• Starting spread: 1.6 pips

• Leverage: Up to 1:300

• Commission: 0%

• Minimum deposit: $250

* Leverage and other conditions may vary depending on the entity handling the client's account.

Deposits and Withdrawals

HFM supports a variety of deposit and withdrawal channels, such as:

• Bank Transfer (Wire Transfer)

• Credit/Debit Card

• Local channels and other options depending on the customer's country.

The company states that withdrawals are available 24 hours a day, with transaction speeds depending on the channel used. No information on deposit or withdrawal fees was found in the documentation provided.

Support and Customer Service

HFM provides 24/7 customer service through various channels including:

• Live chat:www.hfm.com

• telephone: +44-203 097 85 71

• Email:[email protected]

• Support multiple languages such as English, Arabic, Spanish, Chinese, Russian, Korean, Turkish and Indonesian.
  
  
  

Broker Overview Summary

HFM is a broker with long experience and regulation from many countries. It offers a full range of trading products, supporting both retail and professional investors. However, those who are interested should study the details of the agency that oversees their account clearly before opening an account, as it will affect the terms of use, products, and level of protection. TrustFinance recommends that users study the information carefully before deciding to invest.

Risk warning and disclaimer

• Risk Warning: Trading leveraged products such as Forex and derivatives may not be suitable for all investors as it carries a high level of risk to your capital. Please ensure that you fully understand the risks taking into account your investment objectives and level of experience, and if necessary, seek professional financial advice.

• Disclaimer: Some products and services may not be available to all customers depending on the HFM Group entity to which the customer's account belongs.

• Legal Information: HF Markets (SV) Ltd is registered as a company in Saint Vincent and the Grenadines with registration number 22747 IBC 2015.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

HFM Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.