- What is HFM?
- HFM Pros and Cons
- Regulation and Security Measures
- Account Types and Benefits
- Cost Structure and Fees
- Trading Platforms and Tools
- Trading Instruments
- Deposit and Withdrawal Options
- Customer Support and Responsiveness
- Research and Education
- Portfolio and Investment Opportunities
- Account opening
- Additional Tools And Features
- HFM Compared to Other Brokers
- Full Review of Broker HFM
Overall Rating	4.6
| Regulation and Security | 4.6 / 5 | 
| Account Types and Benefits | 4.7 / 5 | 
| Cost Structure and Fees | 4.5 / 5 | 
| Trading Platforms and Tools | 4.2 / 5 | 
| Trading Instruments | 4.2 / 5 | 
| Deposit and Withdrawal Options | 4.8 / 5 | 
| Customer Support and Responsiveness | 4.8 / 5 | 
| Research and Education | 5 / 5 | 
| Portfolio and Investment Opportunities | 4 / 5 | 
| Account opening | 5 / 5 | 
| Additional Tools and Features | 4 / 5 | 
What is HFM?
HFM (previously known as HotForex) is a multi-asset award winning Forex broker that offers Forex, Metals, Energies, Indices, Stocks, Bonds, ETFs, Cryptocurrencies and Commodities trading with 1:2000 leverage, ultra-fast execution, quick deposits & withdrawals and swap free accounts.
HFM offers 4 account types Cent, Zero, Pro, Premium and Top-up Bonus with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allows any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading.
- The brokerage firm was established in 2010 and serves several global offices including Dubai, South Africa, and offshore entities in St Vincent and the Grenadines.
- While HFM shows great interest and impacts in Africa (see Ghana Brokers), Asian and MENA regions which bring some of great opportunities to global residents and plus to International proposal overall.
- Besides, HFM offers its trading service with the applicable licenses granted to the HFM Group in each region it operates which regulates the Forex industry, therefore delivers a trustworthy service and is considered among the safest Brokers worldwide. 

HFM Pros and Cons
HFM is a broker with a good reputation and regulations based on our finds. The offering is user friendly, we mark large portfolios for Forex and CFDs instruments in HFM market offering, while fees are considered low compared to other popular brokers, besides minimum deposit is among lowest in industry allowing any size of traders to sign. Also, there is a truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally.
On the other hand, international trading is done via offshore branches with lower requirements; however HFM has a good reputation. 
- HFM Group is multi-asset regulated by the FCA, FSCA, FSA, CMA 
| Advantages | Disadvantages | 
|---|
| Multi-asset regulated, global broker licensed from FCA, DFSA, FSCA, FSA, CMA | International offering done via offshore | 
| 1:2000 Leverage |  | 
| Swap free Accounts |  | 
| $0 min. deposit |  | 
| 500+ instruments to trade |  | 
| 24/7 online support |  | 
Disclaimer: Certain products & services may or may not be available to all clients depending on which HFM Group entity their trading account(s) adhere to.
HFM Features
HFM as a Forex and CFD Trading provider delivers an excellent quality trading environment good for Forex Trading and some Instruments from popular Asset groups. Below is a breakdown of the main features in 10 areas that make HFM an attractive broker for traders Trading Platforms, Account Conditions, Instrument Range, Fees, Education, etc.
HFM Features in 10 Points
| 🏢 Regulation | FCA, FSCA, FSA, CMA, FSC | 
| 🗺️ Account Types | Cent, Zero, Pro, Premium, Top-Up Bonus | 
| 🖥 Trading Platforms | MT4, MT5, HFM Trading App | 
| 📉 Trading Instruments | 500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs | 
| 💳 Minimum deposit | 0$ | 
| 💰 Average EUR/USD Spread | Average 1 Pip | 
| 🎮 Demo Account | Available | 
| 💰 Account Base currencies | Various Currencies Available | 
| 📚 Trading Education | Trading Academy, Courses, Seminars, Webinars, Podcasts, Educational Videos, Exclusive Analysis, News | 
| ☎ Customer Support | 24/7 | 
Who is HFM For?
With Our findings HFM is a suitable and great option for Currency Traders, also beginning traders looking for Broker with an excellent Trading Education Academy. Besides, HFM is one of the Broker perfect for International Trading and traders from African regions since Broker places great emphasis on education and features in that region. Based on Our findings and Financial Expert Opinion HFM is Good for:
- Beginning Traders
- Traders with Experience
- Copy Trading
- Traders from Africa Region
- Traders who prefer MT4 and MT5 platforms
- Currency Trading and CFD Trading
- Running various Strategies
- EAs trading
- PAMM Trading
- Excellent Research
- Trading Education
- Forex Trading Courses
HFM Summary
Overall, HFM is a well-established customer-oriented broker with a secure, regulated trading environment suitable for almost every trader. The services and products are tailored to specific requirements and bring a very good range of choices including accounts, platforms, tools, and instruments with the ability to choose a suitable strategy with almost no restrictions.
So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. As well, HFM pricing is one of the lowest rates in the industry.
55Brokers Professional Insights
The broker offers a well-rounded package of features, with flexible account types, diverse trading instruments mainly suitable for Forex trading and some CFDs, with excellent research and Education Free materials.
Because of its no minimum deposit for various account types, great trading instructional tools, and easy-to-use MetaTrader platforms, HFM especially suitable for newbies in trading. Also, the availability of the Cent Account is another plus since not so many Broker right now offering trading on Cents without running major risk. 
In summary, HFM is advised for Traders looking for stability of operation, proven timely platforms with no restriction on strategies and traders in need of lower spreads once trading size grows. Also, Zero Account of HFM can save costs for more seasoned traders, while High-frequency traders, in particular, value the commission structure and incredibly tight spreads. Yet, HFM might not be the best for traders who prefer other than MetaTrader platforms and need thousands of tradable instruments. 
Consider Trading with HFM If:
| HFM is an excellent Broker for: | - Looking for Broker with Solid Background and Top-Tier licenses. 
- Forex Broker with no minimum deposit requirement, 
- Need Broker great to Begin Trading and Learn Trading Basics. 
- Webinars and High Quality Education is your preference. 
- Selecting Broker with decent number of Currency Pairs and range of CFDs available. 
- High Leverage is your strategy, 1:2000 is available. 
- News Trading or High-Frequency Trading, with no restrictions from Broker. 
- Prefer Copy Trading with large number of Portfolios. 
- MT4 and MT5 platforms with Excellent extra research tools. | 
Avoid Trading with HFM If:
| HFM might not be the best for: | - Looking for Broker with thousands of Trading Instruments, 
- Specializing on Real Futures Trading or Stock Investment Options. 
- Prefer other than MetaTrader platforms. | 
Regulation and Security Measures
Score – 4.6/5
HFM Regulatory Overview
 
HFM Group is authorized and regulated by the Financial Conduct Authority FCA, FSCA South Africa, and CMA in Kenya. 
Also, there are HFM Group entities that are registered in offshore zones like Mauritius, SVG, and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HFM Group’s multiple parallel regulations, it is considered safe to trade with them. 
How Safe is Trading with HFM?
For the funds protection, which is an important part of the regulated broker, HFM ensures Negative Balance protection: if the balance goes negative, the broker will automatically reset it to zero.
In addition, HFM safeguards traders with a Civil Liability insurance program for a limit of €5,000,000, which includes coverage against errors, omissions, negligence, fraud, and various other risks that may lead to financial loss, giving extra layer of protection and another good point to our HFM Review. However, according to applicable laws and regulations, the conditions vary from one entity to another; see our snapshot of HFM Group licenses below. 
Consistency and Clarity
Renowned for consistency in service and financial stability, HFM has become a dependable and reliable forex broker for the years Broker operates.
Standing on a strong background and with multiple regulations, HFM Group provides Financial Stability and consistency, ensuring adherence to rigorous financial standards. Traders at HFM are exposed to lower financial risk with negative balance protection and transparent operations Broker establish with clarity of trading conditions provided. 
Until now there are more than 4,000,000 Live accounts opened with HFM, along with multiple Industry awards and various sponsorships. HFM prestigious titles recognize it as Best Clients Funds Security Broker, Best Forex Provider, Top 100 Companies etc. Lastly, we have checked the reputation of HFM and found it on a very good level, with the majority of Real Trader Reviews to be on the highest ranking, marking its excellent service, consistency of trading performance, and great resources. 

Account Types and Benefits
Score – 4.7/5
Which Account Types Are Available with HFM?
HFM provides a variety of account options with 5 different accounts based on specific requirements. The range offers Cent, Zero, Pro, Premium, Top-up Bonus, Copy Trading, and PAMM account with Swap Free Trading, also you can select the Islamic Account suitable for traders from the MENA region or beyond. The account preferences designed based on account size and offer better conditions as long as account grows, also based on trading costs preferences. Here’s a breakdown of the main options:
Cent Account
The Cent Account is great for traders who wish to trade smaller size, account operates on MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, and the HFM platform. It features variable spreads starting from 1.2 pips. The Cent Account supports forex and gold trading, has no minimum deposit requirement, and allows a minimum trade size of 0.01 lot. It provides leverage of up to 1:2000. Traders can open up to 150 simultaneous orders, with a margin call set at 50% and a stop-out level at 20%.
Zero Account
The Zero Account is suitable for traders who wish to trade on commission basis, account also operates across MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, and the HFM platform. Spreads start from 0 on forex pairs, with account currencies in USD and EUR. The contract size is 1 lot equal to 100,000 units, covering all available trading instruments. There is no minimum deposit. Leverage is capped at 1:2000. Traders can open up to 500 orders, with a margin call at 50% and a stop-out level at 20%.
Pro Account
The Pro Account provides better trading costs when your account balance is growing, as it offers variable spreads starting from 0.6 pips and operates on the same platforms as other accounts. It also uses USD and EUR as account base currencies, with a contract size of 1 lot equating to 100,000 units. All trading instruments are available, and the minimum deposit requirement is $100 or €100. The account offers leverage up to 1:2000 alike, with a maximum trade size of 60 standard lots per position, and the margin call and stop-out levels are set at 50% and 20%, respectively.
Premium Account
The Premium Account is an account you get at the start available for all with deposits from 0$ also available on all platforms HFM offers with variable spreads starting from 1.2 pips. USD and EUR are the available account currencies, all trading instruments are accessible with this account with leverage available up to 1:2000.
Top-up Bonus Account
Lastly, Top-up Bonus Account is account designed with Bonuses for traders thus costs are slightly higher with variable spreads starting from 1.4 pips. All trading instruments are available, and there is no minimum deposit you may top-up account with any desired amount and will get bonus based on conditions offered. The leverage is capped at 1:1000 and you may change account setting to other once conditions are met.

Regions Where HFM is Restricted
Due to regulatory restrictions, HFM does not provide services in several regions. 
These restrictions are applied primarily due to the regulatory framework or sanctions in place within these jurisdictions, since HFM Group adheres to international regulations and refrains from offering its services in these countries to ensure compliance, still good to note various HFM Group entities offer different conditions or might not be available to open a trading account. 
The following is a list of regions we found where HFM Markets is restricted:
– USA
– Canada
– Sudan
– Syria
– Iran
– North Korea

Cost Structure and Fees
Score – 4.5/5
HFM Brokerage Fees
HFM trading costs mainstay at the tight spread offering and bringing some of the most attractive spread opportunities among the industry as we conclude based on our research. Trading fees are getting lower as long as your account reaches only 100$ therefore bringing better costs, also proposing spreads from 0 pips on some accounts. However, is good to check on the additional, non trading fees and charges for deposits or withdrawals all in all concluding your trading costs, see fee table below:
HFM employs a variable spread over its several offered account types. Accounts, like the Cent, Pro, Premium and Top-Up accounts, have minimum spreads starting from 0.6 pip like at Pro account and are slightly higher on other accounts due to specific conditions offered there, also spreads can vary based on market conditions and liquidity. While the Zero Spread account’s spreads start at 0 pip with interbank quotes and trading charges built into comission.
Overview of Spreads by Account Type:
– Zero Spread Account: From 0 pips
– Top-Up Bonus Account: From 1.4 pips
– Cent Account: From 1.2 pips
– Premium Account: From 1.2 pips
– Pro Account: From 0.6 pips
HFM’s commission structure varies by account type, majority of HFM accounts offered have no commission charge and there is one with Commission Trading Fee structure:
- Zero Spread Account: Charges a commission of approximately $3 to $4 per side, totaling around $6 to $8 per round turn on major currency pairs.  For Gold, there is a commission of $10 per round turn.
– Other Accounts (e.g., Premium): Typically do not charge commissions on trades but represent spreads as fees instead.
For stock CFDs, no commissions are generally applied, while cryptocurrency trades may incur a small fee per round lot turn.
*Commissions charged may vary depending on which HFM Group entity the client is registered under. 
An interest paid or earned for overnight retention of an investment is called the rollover or swap fee is a typical charge applied to all trade so should be calculated as trading fee alike. Through a Swap-Free trading tool, HFM lets traders hold positions without paying these fees on particular accounts. Those following Sharia law and wanting to minimize overnight expenses will benefit from this option.
How Competitive Are HFM Fees?
Particularly with its Zero Spread account, which allows raw spreads starting from 0.0 pips, HFM offers economical trading fees. Usually, this price scheme is better than many other brokers, also once trading account has 100$ on balance only better fees based on spreads are accessible too, so for comparison reason we will take Pro account fees as standard, which are on a very competitive and lowest spread conditions among industry. 
HFM fees are compared here with those of numerous rivals:
| Asset/ Pair | HFM Spread | BDSwiss Spread | XM Spread | 
|---|
| EUR USD Spread | 0.6 pips | 1.3 pips | 1.6 pips | 
| Crude Oil WTI Spread | 4 cents | 0.17 pips | 3 cents | 
| Gold Spread | 0.16 | 3.3 | 2.7 pips | 
| BTC USD Spread | 36 | 24.21 | 95 | 
HFM Additional Fees
HFM (HotForex) has several non-trading fees that traders should be aware of:
Inactivity Fee
Following six months of inactivity, a $5 monthly fee is charged. After one year, this cost rises to $10 and then keeps going up $10 yearly.
Withdrawal Fees
There are no internal withdrawal fees. Third-party processing fees, however, could be applicable depending on the payment method chosen.
Trading Platforms and Tools
Score – 4.2/5
HFM offers an award-winning trading experience through its MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their advanced features like one-click trading and institutional-quality tools. These platforms are available on desktop, web, and mobile, making trading accessible and efficient across devices. The mobile app, HFM Trading App, stands out with over 30 technical indicators and strong analytical tools. Additionally, HFM supports copy trading and FIX/API for professional traders. 
Overall, HFM’s platform selection ranks good, with a rating of 4.2/5, for industry popular software offered making it suitable for various trading styles and strategies. However, for alternative and specialized platforms like TradingView or cTrader HFM is not an option since Broker does not provide these software.
Trading Platform Comparison to Other Brokers:
| Platforms | HFM Platforms | FXTM Platforms | Plus500 Platforms | 
|---|
| MT4 | Yes | Yes | No | 
| MT5 | Yes | Yes | No | 
| cTrader | No | No | No | 
| Own Platform | Yes | Yes | Yes | 
| Mobile Apps | Yes | Yes | Yes | 
HFM Web Platform
A web trading platform available from HFM gives traders a convenient interface. Testing the HFM online platform reveals simple layout makes it easier to navigate for beginning and expert traders. Platform improves the trading experience by allowing flawless trade execution, account monitoring, and access to real-time market data.
Main Insights from Testing
We found quite good features on HFM’s web platform—good charting, technical indicators, and alert settings—allow informed trading decisions. To help traders improve their competency, it also combines market analysis and instructional materials, including tutorials.
While the HFM web platform offers basic trading activities, it lacks sophisticated custom tools seen in desktop systems or specialized trading apps. Furthermore, operating outside of its MetaTrader suite and Copy Trading platform is a standalone web app which we find very comprehensive and well established, recommended to those who prefer Copy Trading. 
HFM Desktop MetaTrader 4 Platform
Popular among traders for its easy-to-use interface and incredible capability, HFM provides the MetaTrader 4 (MT4) platform as a choice for its traders. The MT4 platform shows excellent trading features during testing with over 50 technical indicators, sophisticated charting tools, and adjustable trading options. Expert Advisors (EAs) let traders apply automated trading techniques, enabling effective trade execution depending on predefined criteria.
Fast execution speed of the platform provided by HFM liquidity providers is conducive in volatile market situations so that traders may seize opportunities with good trading speeds. With further tools like the Premium Trader Tools package and Autochartist plugin, which offer insightful analysis and insight, HFM improves the MT4 overall experience making it suitable for various trading styles and traders of different experience levels.
HFM Desktop MetaTrader 5 Platform
HFM offers access to the MetaTrader 5 (MT5) platform as one of the platforms available for its clients, improving the trading environment and selection between software. The platform proved ideal for beginners or advanced traders throughout testing we admit its robust functionality and straightforward UI. Compared to its predecessor, MT5 covers a larger spectrum of financial products by its basic settings, yet at HFM we findrange of tradable instruments similar across all its platforms. The points to markup are over eighty technical indicators and twenty-one distinct timeframes, enabling thorough market research.
The ability to see up to 100 charts concurrently improves analytical opportunities; besides the platform’s better order management features help traders execute trades smoothly. For trading styles APIs, Expert Advisors (EAs), automated trading, and no restriction on trading strategies offering flexibility. Overall, HFM’s MT5 platform is a choice for robust tools mixed with a flawless trading experience to accommodate various trading styles and preferences.
HFM MobileTrader App
Designed for the increasing number of traders who would rather work on the go, HFM has created a mobile trading app with functionality almost the same like on the laptop. Designed for Android and iOS smartphones, the app offers a flawless trading experience with tools that improve accessibility and utility. MobileTrader showed an easy interface during testing that lets users quickly move between trading options and market data. 
The app keeps good information about market moves with charting tools, real-time price updates, and automatic market alerts. Another outstanding feature is fast order processing on the app too, which enables quick reactions to evolving market conditions. Moreover, customers can browse comprehensive trading history and adjust trading experience with the available trade amounts.

Trading Instruments
Score – 4.2/5
What Can You Trade on HFM’s Platform?
On HFM’s platform, traders can access quite a wide variety of financial instruments with over 500 Tradable Instruments based on CFDs. The available trading products at HFM include:
– Forex pairs
– CFDs on commodities
– CFDs on metals
– CFDs on energies
– CFDs on indices
– Stocks (shares)
– Bonds
– ETFs
– Cryptocurrencies (derivatives only)
Main Insights from Exploring HFM’s Tradable Assets
Investigating HFM’s tradable assets exposes a broad spectrum of financial instruments that fit different trading approaches and preferences. With access to various markets including forex pairs, traders can engage in broad currency trading, creating opportunities in both main and exotic markets. There is good range of CFDs on metals, commodities, and energies bringing more ways for speculation of price movement without holding the underlying assets but speculating on the price fluctuation only. 
Furthermore, HFM gives traders access to indexes and shares, fixed-income securities and diversified funds, the availability of bonds and ETFs is another advantage. Furthermore, HFM’s offer crypto CFDs frot traders to engage in the expanding digital asset market without personally owning any cryptocurrencies. 
Overall, the selection of HFM instruments is good covering most of the popular markets, yet all are mainly offered on CFD basis, also the range is indeed lower compared to Broker offering thousands of instruments. Lastly, instruments like real stocks and futures are missing. Also important to note, the selection of the instruments might vary based on the entity you are registered with.

Leverage Options at HFM
While trading with HFM we found available fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tools smartly. 
- HFM Group’s entities offer various leverage levels up to very high ratios of 1:2000 available via international branch. Yet, again always make sure to learn about high risks of leverage, as retail trading accounts lose money rapidly due to high leverage. 
Therefore, your leverage levels are firstly settled according to the regulatory requirement in the region or another also your prof level in finance, so make sure to verify with the customer support team which one you are entitled to.
- South African residents may access leverage of up to 1:2000
Higher leverage ratios like 1:400, 1:500 or even 1:2000 are offered through HFM offshore entities since a particular registration does not limit offering and allows high leverage levels. 
*Please note that the leverage available may vary depending on the HFM Group entity under which the client is registered.
 
 
Deposit and Withdrawal Options
Score – 4.8/5
Deposit Options at HFM
One of the great points we found is that Broker offers over 14 methods to deposit or withdraw money, also along the time adding more methods based either on new offerings like Crypto Deposits or enlarging accessibility to local transfers or payment methods available at the regions. The payment method selected influences the minimum deposit required, here are some of the conditions and methods we found:
There is no maximum deposit limit; the minimum requirement is $100. Usually, deposits are processed in two to seven business days. Deposits of more than $100 are not charged any fees.
The minimum deposit is $5, and the maximum deposit limit is $10,000. Up to ten minutes are spent processing deposits; no fees are connected.
The minimum deposit is $10; the maximum amount is $10,000. Deposits incur no costs and are handled in up to ten minutes.
The minimum deposit is $5, and the maximum deposit limit is $10,000. Making a deposit does not incur fees; deposits are handled within up to ten minutes.
The minimum deposit is $100; the maximum deposit is ten thousand dollars. There are no fees and deposits are handled quickly.
The minimum deposit is 5 dollars; the maximum amount is $5,000. Deposits are handled right away and are free of fees.
- Cryptocurrency (Bitcoin, Ethereum, Litecoin)
The minimum deposit is $30 and deposits are handled instantly. The maximum cap for deposit via this method is $10,000.
Withdrawal Options at HFM
HFM withdrawal options include cards, bank transfer by far most used option and various ewallets. Important point withdrawal fee is actually 0$ and indeed is amazing, allowing you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies, besides some of the methods may have minimum withdrawal amount set. 
- Bank transfers, the minimum withdrawal amount is $100, and processing takes 2 to 10 business days, depending on the correspondent bank, with no fees from HFM, though bank fees may apply. 
- Credit/debit card withdrawals require a minimum of $5, with processing times also between 2 to 10 business days. Withdrawals exceeding the total deposited by card will be processed via bank transfer. 
- Alternative methods include withdrawals starting at $5, with processing times ranging from instant to up to 24 hours, all with no withdrawal fees.

Customer Support and Responsiveness
Score – 4.8/5
Testing HFM’s Customer Support
The live chat feature turned out to be the fastest during our testing; representatives usually answered in one to two minutes. The delegates were informed and able to succinctly and effectively address inquiries on account setup, platform features, and fee policies. Actually, we find HFM provides support in 27 languages which is an impressive number that covers almost all world most used languages, and allowing traders from almost any country to join trading and get quality support.
Although email support responded in approximately 24 hours, it usually provided thorough, well-organized responses with links to other resources. Even during peak hours, the phone support service—available in several languages—connected us with a person in three to five minutes. 
Support from all sources was consistently good, with professional and kind agents patiently resolving questions. Furthermore, HFM’s website includes thorough FAQ sections and instructional resources, enabling users to address problems independently. With its timeliness and the helpfulness of its multilingual assistance, HFM’s customer service generally pleased users and provided them with a great experience.
Contacts HFM
Traders can reach HFM through many avenues of communication. Usually, in minutes, the live chat tool on their website provides swift responses for immediate help. Send email questions to support@hfm.com; responses typically appear 24 hours later. HFM offers a range of numbers including (+44-203 097 85 71) depending on your area for phone help right on their website. 

Research and Education
Score – 5/5
Research Tools HFM
For Research HFM provides an excellent range of analytical and research tools. This includes Analytical Objects, Economic Calendar, various Trading tools included into the platform, which we find quite comprehensive and on good level. 
Education
Education is another strong point of HFM since the broker provides excellent learning materials through its Trading Academy and runs a great amount of Trading Webinars or Seminars while putting great focus into Africa and Asia regions so it allows various traders to join in. 
We found a very well-designed Trading Academy with Trading courses, Live Webinars, Video Tutorials, Daily Analysis and Market Outlooks along with HFM News Feeds all at very good level and provided in an impressive number of languages. We might rank HFM as one of the best education Brokers in the industry all provided in impressive number of languages, so with HFM you have all potential to become a better trader whether you’re a beginner or a professional one.
Is HFM a good broker for beginners?
Based on our research, we can recommend HFM for beginners and found them great for trading learning, since Broker did a great job providing educational resources and research tools.

Portfolio and Investment Opportunities
Score – 4/5
Investment Options HFM
Investment Opportunities at HFM are rather limited, since HFM main focus is on Forex trading CFD providing, therefore the proposal is different than classic Investment Portfolio firms. 
However, in HFM Investing section you can find Copy Trading and PAMM account features suitable either for followers to become investors in particular strategies or Providers to enlarge trading size and share knowledge. In fact, we find HFM Copy Trading very well established with great number of followers in the system and highly advise to consider HFM for its Copy Trading Potfolio.
Account opening
Score – 5/5
How to open HFM Demo Account?
To open a Demo account is pretty easy at HFM since no verification is needed at this step, we were able to open a demo account in minutes. You should simply follow the process of risk-free account opening on the HFM website and get access to either HFM MT4 or MT5 platforms with unlimited demo funds. So here is the step by step process of Demo Account opening:
Opening Trading Account step by step:
- Go into HFM Demo Account Sign In page
- If you are a new client enter your personal data First and Last Name, Country of residence, email, phone, etc. Or in case you’re existing client follow sign in
- Fill in all required information for the first register of myHF
- An account will be approved almost immediately, where through your client area you can get access to New Demo Account, next you can follow with Live Account submit to manage your funds
How to open HFM Live account?
Once you are ready or decided to start Live Trading you can submit for a Live account to follow HFM Login where Broker asks you for confirmation of documents including identity, residency and other proof before you start. In both cases, you will get access to myHFM client area where you can manage all your accounts and finances.

Additional Tools and Features
Score – 4/5
HFM provides extra tools to improve customers’ trading experience offering some extra features that stand out proposal from other Brokers in comparison. Autochartist and Trader’s Board for comprehensive analysis, as well as additional Premium Trading Tools. In addition, there is a VPS Hosting available. 
- The Premium Trader Tools, which can be included in MetaTrader 4 and MetaTrader 5 systems, are among the best products we review at HFM offering. This all-in-one bundle offers advanced features that appeal to scalpers and long-term traders and address different trading techniques.
 
- The Autochartist is another great instrument instrument provided for free for HFM Traders, a customized market scanner that detects chart patterns and Fibonacci levels to notify traders of possible trading prospects.
 
- VPS hosting solution for automated trading techniques by providing minimal latency and high reliability. These instruments give traders valuable insights and skills, thus improving their general trading efficiency.
- HFM Exclusive Analysis is another unique research provided by inhouse team of professional analysts who share daily trading insights, analysis of market situations and potential outcomes

HFM Compared to Other Brokers
HFM is very balanced proposal with all the aspects, but definitely a winner for Forex Education, Webinars and the range of Seminars provided, we find broker best in that aspect and great for beginning traders. With a $0 minimum deposit, HFM is accessible to traders, unlike competitors that require higher deposits, such as IC Markets and eToro. The rest of the aspects we find in line with competitors including Low/ Average ranking for Fees with Spread Basis or Commission-based accounts,  similar to FP Markets and IC Markets but higher than Pepperstone or OANDA. 
Broker offers multiple trading platforms, including MT4, MT5, and its own HFM app, while competitors like FP Markets and IC Markets add cTrader and TradingView to their platform list. In terms of asset variety, HFM provides a good range of instruments, but less than competitors like FP Markets or eToro. Lastly, for reliability, HFM Group is highly regulated by authorities and holds top-tier licenses, ensuring credibility.  
| Parameter | HFM | FP Markets | IC Markets | Pepperstone | eToro | Forex.com | OANDA | 
| Spread Based Account | Average 1 pip | From 1 pip | From 1 pip | Average 0.7 | Average 1 pip | From 0.8 Pips | From 0.8 Pips | 
| Commission Based Account | 0.0 pips + $3 | 0.0 pips + $3 | 0.0 pips + $3.50 | 0.0 pips + $3.50 | Available at US eToro Crypto | 0.0 pips + $5 | 0.1 pips + $4 | 
| Fees Ranking | Low/ Average | Low/ Average | Low/ Average | Low | Average | Average | Low | 
| Trading Platforms | MT4, MT5, HFM App | MT4, MT5, cTrader, IRESS, Proprietary Platform | MT4, MT5,cTrader | MT4, MT5,cTrader, TradingView | Proprietary | MT4, MT5, Forex.com Platform | MT4, MT5, OandaTrade | 
| Asset Variety | 500+ instruments | 10,000+ instruments | 1,000+ instruments | 1,200+ instruments | 2,000+ instruments | 500+ instruments | 500+ instruments | 
| Regulation | FCA, DFSA, FSCA, FSA, CMA, FSC | ASIC, CySEC,  FSCA, CMA | ASIC, CySEC | ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN | FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange | FCA, NFA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA | FCA, CFTC, NFA, MAS, ASIC, IIROC, FFAJ | 
| Customer Support | 24/7 support | 24/7 support | 24/7 support | 24/7 support | 24/7 support | 24/5 support | 24/5 support | 
| Educational Resources | Good | Excellent | Good | Excellent | Good | Good | Good | 
| Minimum Deposit | $0 | $100 | $200 | $0 | $200 | $100 | $0 | 
Full Review of Broker HFM
HFM is a well-established broker with over ten years of operation in the financial services industry, offering great range of trading options, one of the lowest trading costs, and industry-famous trading systems. Traders can utilize advanced tools on MetaTrader 4 and MetaTrader 5 platforms, including Expert Advisors (EAs) for automated trading. Broker provides five live accounts, including a swap-free (Zero Account) Islamic account, and has low minimum deposit of $0, making it accessible for both new and experienced traders. 
HFM offers a good number of Forex pairs, Commodities, iIndices, Equities, Bonds, ETFs, and Cryptocurrencies, allowing portfolio diversification. With favorable trading conditions, such as spreads starting at 0 pips for Zero account and transparent commissions, and good range of Spreads for Spread-based account that also go lower as long as you account size rises, which is very attractive to start and grow with HFM. We also find Broker supports fast, fee-free withdrawals. 
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