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HFM 2025 Review

  • Leverage: 1:2000

  • Regulation: CySEC, FCA, DFSA, FSCA, CMA, FSA, FSC

  • Min. Deposit: 0 US$

  • HQ: Cyprus

  • Platforms: MT4, MT5, HFM Trading App

  • Found in: 2010

HFM Licenses

  • HF Markets (UK) Limited - authorized by FCA (UK) registration 801701
  • HF Markets (Europe) Ltd - authorized by CySEC (Cyprus) registration 183/12
  • HF Markets (DIFC) Ltd - authorized DFSA (Dubai) registration F004885
  • HF Markets SA (PTY) Ltd - authorized by FSCA (South Africa) registration 46632
  • HFM Investments Ltd - authorized by CMA (Kenya) license 155
  • HF Markets (SV) Ltd - authorized by FSA SVG registration 22747 IBC 2015
  • HF Markets (Seychelles) Ltd - authorized by FSA (Seychelles) registration SD015
  • HF Markets (SV) Ltdauthorized by FSC (Mauritius) registration C110008214
  1. What is HFM?
  2. HFM Pros and Cons
  3. Regulation and Security Measures
  4. Account Types and Benefits
  5. Cost Structure and Fees
  6. Trading Platforms and Tools
  7. Trading Instruments
  8. Deposit and Withdrawal Options
  9. Customer Support and Responsiveness
  10. Research and Education
  11. Portfolio and Investment Opportunities
  12. Account opening
  13. Additional Tools And Features
  14. HFM Compared to Other Brokers
  15. Full Review of Broker HFM
Overall Rating 4.6
Regulation and Security4.6 / 5
Account Types and Benefits4.7 / 5
Cost Structure and Fees4.5 / 5
Trading Platforms and Tools4.2 / 5
Trading Instruments4.2 / 5
Deposit and Withdrawal Options4.8 / 5
Customer Support and Responsiveness4.8 / 5
Research and Education5 / 5
Portfolio and Investment Opportunities4 / 5
Account opening5 / 5
Additional Tools and Features4 / 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 itself was established in 2010 with its headquarter in Cyprus, yet in addition serves several global offices including Dubai, South Africa also 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 in each region it operates that regulates the Forex industry, therefore delivers service trustworthily and is considered among safest Brokers worldwide.

HFM Website Review

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, HFM has a limited portfolio for EU clients, with only Forex and CFDs being offered. Also, international trading is done via offshore branches with lower requirements, however HFM has a good reputation so is considered to sign in.

AdvantagesDisadvantages
Multi-asset regulated, global broker licensed from CySEC, FCA, DFSA, FSCA, FSA, CMAInternational offering done via offshore
1:2000 Leverage
Swap free Accounts
$0 min. deposit
500+ instruments to trade
24/5 online support

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
🏢 RegulationCySEC, FCA, DFSA, FSCA, FSA, CMA, FSC
🗺️ Account TypesCent, Zero, Pro, Premium, Top-Up Bonus
🖥 Trading PlatformsMT4, MT5, HFM Trading App
📉 Trading Instruments500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptos, and ETFs
💳 Minimum deposit0$
💰 Average EUR/USD SpreadAverage 1 Pip
🎮 Demo AccountAvailable
💰 Account Base currenciesVarious Currencies Available
📚 Trading EducationTrading Academy, Courses, Seminars, Webinars, Podcasts, Educational Videos, Exclusive Analysis, News
☎ Customer Support24/5

Who is HFMarkets 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
  • International Traders and Trading from Europe
  • 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

Hotforex 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 is authorized and Regulated by CySEC, Financial Conduct Authority FCA, FSCA South Africa, and CMA in Kenya.

Also, there are HFM 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 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, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators.

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 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 inlcuding Top-Tier license, European license and overseen in every region HFM operates Broker provides Financial Stability and consistency ensuring adherence to rigorous financial standards. Traders at HFM are imposed tot lower financial risk with negative balance protection and transparent operations Broker establish with clarity of trading conditions provided.

Until now there are more than 500,000 Live accounts opened with the HFM, along with multiple Industry awards and varrious 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 majorityy of Real Trader Review to be on highest ranking marking its excelnt service, consistency of trading performance and great resources.

HFM License Review

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.

HFM Accounts Review

Regions Where HFM is Restricted

Due to regulatory restrictions, HFM (HotForex) 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 adheres to international regulations and refrains from offering its services in these countries to ensure compliance, still good to note various HFM entities offer different conditions or might not be available to open trading account.

The following is a list of regions we found where HFM Markets is restricted:

– USA

– Canada

– Sudan

– Syria

– Iran

– North Korea

HFM Restricted Regions Review

Cost Structure and Fees

Score – 4.5/5

HFM Brokerage Fees

HFM Fx 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 Spreads

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 Commissions

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.

– 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.

  • HFM Rollover/Swaps

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 SpreadBDSwiss SpreadXM Spread
EUR USD Spread0.6 pips 1.3 pips1.6 pips
Crude Oil WTI Spread4 cents0.17 pips3 cents
Gold Spread0.163.32.7 pips
BTC USD Spread3624.2195

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:
PlatformsHFM PlatformsFXTM PlatformsPlus500 Platforms
MT4YesYesNo
MT5YesYesNo
cTraderNoNoNo
Own PlatformYesYesYes
Mobile AppsYesYesYes

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 HF Copy 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.

HFM Platform Review

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.

HFM Instruments Review

Leverage Options at HFM

While trading with HFM Forex 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 offers various leverage levels from the “modest” one as determined by European regulations allowing 1:30 for Forex instruments, and 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.

  • European entities that oblige to ESMA regulation, the maximum leverage ratio is set to a 1:30 on Forex instruments, 1:25 Spot Metals, etc.
  • South Africa 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.

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:

  • Bank Wire Transfer

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.

  • Credit/Debit Cards

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.

  • Skrill

The minimum deposit is $10; the maximum amount is $10,000. Deposits incur no costs and are handled in up to ten minutes.

  • Neteller

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.

  • Perfect Money

The minimum deposit is $100; the maximum deposit is ten thousand dollars. There are no fees and deposits are handled quickly.

  • Fasapay

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.

HFM Deposit/Withdrawal Review

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@hotforex.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.

HFM Support Review

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 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 impressive number of languages. We might rank HFM as one of the best education Brokers among 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.

HFM Education Review

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:

  1. Go into HFM Demo Account Sign In page
  2. 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
  3. Fill in all required information for the first register of myHF
  4. 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.

HFM Account Opening Review

Additional Tools and Features

Score – 4/5

HFM (HF Markets) 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, while free VPS packages provided to those who deposit from 5,000$

  • 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 Additional Tools Review

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 good range of instruments, but less than competitors like FP Markets or eToro. Lastly, for reliability, HFM 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 CySEC, 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 24/5 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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George Rossi Content Creator
George R. is a wide-ranging expert with experience in analysis and writing. Currently serving as a Senior Writer at 55brokers.com. In addition to this role, he has been the Chief Market and Broker Analyst since June 2020. He has played a crucial role in providing in-depth analysis and insights into the financial markets. With nearly a decade of experience as a Foreign Exchange Trader, George brings a deep understanding of market dynamics and trading strategies. His previous positions include serving as the Chief Market Analyst at SVS Securities Plc.
Eno Eteng is a highly skilled and certified financial technician with a Diploma from the UK Society of Technical Analysts. As a pioneer alumnus of the Tony Elumelu Foundation's (TEF) Entrepreneurship Program (class of 2015), Eno has been a prominent figure in the financial content industry since 2009. Over the years, Eno has crafted more than 5,000 ghost-written articles for major industry players, including InvestooGroup, EasyMarkets, eToro, Spotware Systems, and high-profile clients like the Chief of Staff to the Delta State Government of Nigeria.
Crispus Nyaga is an investment analyst with great experience in financials. His expertise spans various domains, including Petroleum, Statistical Data Analysis, and Technical Analysis. Crispus is proficient in utilizing advanced tools to conduct in-depth market research and data analysis. Also, he has an academic background - holding a Master’s degree in Business from Kenyatta University.

108 responses to “HFM”

  1. HFM is a reliable and versatile broker offering a wide range of instruments, including forex, commodities, and cryptocurrencies, with competitive spreads and fast execution. The platform integrates seamlessly with MT4 and MT5, providing advanced tools for both manual and automated trading, while regulation by CySEC and FCA ensures a secure trading environment. Key strengths include tight spreads, multiple account types, and excellent educational resources, complemented by a quick withdrawal process—tested after 2 months of trading, funds arrived within 24 hours. However, the product portfolio is somewhat limited compared to competitors, with fewer stock CFDs available, and inactivity fees apply after six months of no trading. Overall, HFM is a strong choice for traders seeking a reliable broker with efficient withdrawals and robust trading conditions.

  2. Having traded with HFM for over a year, I’ve found it to be an excellent broker for scalping, especially on major pairs like EURUSD, GBPUSD, and USDJPY. The spreads on EURUSD often start as low as 0.1 pips on the Zero Spread account, which is ideal for my high-frequency trading strategy. Execution is lightning-fast, with no requotes, even during high-impact news events, allowing me to enter and exit trades with precision.
    The commission structure is transparent, and the low trading costs have significantly improved my profitability. I also appreciate the depth of liquidity, which ensures minimal slippage even when scalping during volatile sessions. HFM’s MetaTrader platforms are stable, and the one-click trading feature is a lifesaver for quick decision-making.
    For scalpers and traders who rely on tight spreads and fast execution, HFM is a top-tier choice. It’s been a game-changer for my trading performance.

  3. HFM broker they want you to make transactions with same account which used whíle funding,even that method got problems they restrict my money until now.

  4. I’ve found HFM Traders to be pretty dope! Their reputation is solid, and the platform’s easy to use. The community vibe is awesome, and there’s plenty of support to help you get started. Even as a beginner, I feel confident diving into trades.

  5. I like to trade forex CFDs although they been very risky however i learned trading them using their free demo account. I have been in this trading industry for the past two and a half years now. Earlier, the account blew up easily but it was on a demo account but after sometime my trading evolved and i funded the live account. Now i can easily make some good money and the ewallet withdrawal is instant so i take every profit out at the weekends to enjoy. I have good overall trading experience with this broker.

  6. 9/10 broker, not perfect but a step ahead of the rest. good set of tradeable assets, and they do offer crypto trading with 39 pairs to choose from, good options for deposit and withdrawals including local ewallets. a very good track record in forex trading over all. HFM is really good.

  7. 📱For phones – APP is good. I can say HFM broker platform is something very new for the phones, and I find it even more comfotable to use than METATRADER applications.
    🧑‍💻For computers – metatrader is better I think, because you can do a lot of things with it, add indicators more easily and draw some things like levels and channels on your chart.
    🦾Pro account is mine, very nice conditions – 0.6 pip starting spread. And for this account, only $100 is very nice price, I see some places ask like $1000 or more, here you can do $100 and start earning with good leverage as well🎚️

  8. I was not sure about the features of this bbroker, however, it has the reputation of being a well regarded online broker that offers a number of financial instruments.
    The array of educational resources I got access to was extensive. I am more fond of the webinars and articles, they all helped me improve my knowledge of the market and trading strategies.

  9. I don’t fully understand meaning of licenses that brokerage companies can have. But I’m pretty sure that if it has some licenses, then it’s good. And if it has several such licenses, then this is even better.
    Therefore, what I see in this article about HFM shows me that this broker has excellent reputation.

    Of course, I understand that such conclusions cannot be drawn on basis of one article.
    Therefore, I plan to study trading conditions and features of this broker in more detail. I think that this way I will be able to understand how suitable it’s for me to open trading account

  10. I like HFM broker because as soon as I entered my personal area I didn’t struggle with navigation and everything was pretty intuitive. There are 4 types of trading account to choose from but as a total noob trader I wasn’t ready to trade through advanced accounts, so I chose a cent one which is the most suitable for my needs.
    There are also many ways for making deposits and withdrawals available but I don’t know how to use other payment methods except a bank card Visa/Mastercard. So I made a 100$ replenishment and the transaction was pretty fast and without serious delays. Wish me luck, dudes!

  11. HFM’s technical support is very competent and whenever I contact them, they always respond at the click of your fingers.

  12. People say forex is hard, next to impossible. I’m chill trading with crossover strategy here, and am up 4 months out of 5 so far.
    In case anyones interested:
    – I get short-term moving average to cross with long-term moving average. To see a beginning of a trend and try to capitalize on it.
    – Use 10-period SMA and 50-period EMA
    – Use 4-hour and 1 hour/30 min charts here

    Works well! I don’t rush into positions, sometimes I dont trade for a week if I don’t see anything forming.

    HFM on Zero account works amazingly for this (no swaps). I think they are the best and safest around, so i’m here.

  13. abundance of account types is something that:
    a) was confusing at the beginning;
    b) was surprising that a broker could offer so many of them.
    I didn’t want to spend a lot of time on the choice of the account and opted for the premium one. it has nice leverage size, x2000, zero commission and absence of requirements to the minimum deposit.
    it really sounds more than just attractive, you can enter with whatever sum you can afford and trade using all tools provided by the HFM. so I am glad with my journey and chocie of the acc.

  14. I have to confirm that their educational courses left an imprint in my head. And this review only proves the fact that these are guys who care about traders, their education and they ensure favorable trading conditions for everybody.

    Speaking of their courses, then I should note that such ones as those about trading strategies, CFDs and stock trading contain tons of useful information that can be easily applied in practice. At least I do it regularly, check something interesting and then try to apply it during real trading.
    I guess this how trading should be arranged.

  15. They are extremely professional , I talked to the support about my copy-trading provider and establishing a constant connection, it was so organized and step-by-step. I love when financial companies dont give me off to some random offshore guy, but actually have on-site employees to explain some more complex things.

    Withdrawal was so easy too, no fees like I had with 2 previous brokers, and it happened almost instantly for my e-wallet. With any other brokers would let me withdraw from $5 just to test it, but there it was this much for a FEE to withdraw lol. HFM is a lot better I feel.

  16. As I am not a really experienced trader, I still require some help to clarify a couple of moments. It’s cool that HFM broker has live chat support, where you just insert some credentials and ask a question.
    Agents helped me to pick the best account for my needs and it is a Zero acc. There is no minimum deposit threshold, as well as maximum leverage can be up to 1:2000. Yeah… kinda big, but I don’t trade it that big, nevertheless for those passionate about adrenaline rush it’s an interesting opportunity. However, bear risks in mind.

  17. This broker stays true to their words and is very reliable, this is why I completely trust them. They’ve never disappointed on any of their offerings or services being rendered. The quality of services match the pricing and fees of the broker, everything is in perfect standing. I have really positive experience and exposure while trading with this broker that I’ll forever be grateful for. If you are looking for a trustworthy broker then this is your sign.

  18. I was also impressed by leverage I received when opened trading account here.
    Therefore, I will not keep up with the crowd and will also describe my impression.

    In general, I see many advantages in such leverage. If u choose the right lot size and use stop losses, this tool can bring good profits

  19. This is one of the best brokers, it is very easy to use… has a good platform with effective features and tools and also has available 24/7 customer service which is very reliable and they give you answers ASAP! I also love how fast the platform works and also how fast deposit and withdrawals have been… it’s been very good knowing that I didn’t have to worry about delayed withdrawals. I have had a very pleasant experience trading with this broker.

  20. A well regulated and licensed broker… no manipulation of charts and other trading tools. It’s one for all and all for one.

    Also a good broker for every beginner looking to start out with wonderful customer service and quality services.

  21. HFM, it is that broker that I will never leave. I am offered trading conditions that are second to none.
    Initially I was on the Cent account , but then chagned to the Pro account.
    Even thouhg on the fomer there is no min deposit limit, the latter has benefits like lower spreads. I allowes me to approach the market with scalping tecqhnique and no need to be worried about costs. Just yeterday I opened a position on eur/usd and all went smoothly.
    Also, trading using MT5 platform is great. I use its powerfulk tools and charting indicators.
    Try the broker guys, u wont regret

  22. Using the trader’s board tool, I was able to identify the biggest currency movements, keeping up to date with market news. I utilized a wide range of trading calculators to make more informed trading decisions. I was never wrong in any calculation! In addition, I use the autochartist tool, which a perfect utility tool that scan my watchlist and notifies me of chart opportunities instantly. A great exprience!

  23. Whatever class you like trading, HFM has it, no doubt. Markets from currency pairs to commodities and more are there for you.
    Pay attention to PAMM as well. You can invest and let skillful traders manage the allocated funds.

  24. I have been trading with HFM for quite some time already.
    The broker is an excellent destination for traders.
    The trading platforms are available on iOS, Android, desktop, and web.
    Spreads are so thin that they make trading transactions almost non existent.
    Another aspect is the leverage that is offered. It is stratospheric. Use it with great care, though.
    And when it comes to security, do not be worried! The broker is audited by a reputable firm.

  25. they offer very good services, almost every account for a variety of traders, (Note: forex trading is risky, pls stick to demo if unsure.). very good withdrawal and deposit options, make sure to get fully verified before anything else, they can be a bit strict with documentation which is good. good execution, web and mobile platforms available, options for pamm accounts with good account manager, i am yet to try e-wallet withdrawals but its a good option ion my opinion, over all trading exp is 3 years live account during the pandemic. im pleased with hfm

  26. I have Zero account and I am happy with trading conditions I got after opening it.
    These conditions are favorable and it is obvious even to novice traders.
    For example, my leverage is 1:2000. This is enough for my profit to be large enough to gradually increase the size of the deposit and withdraw part of the profit from the account.
    My spreads are so narrow that for currency pairs it is from 0.
    By the way, I didn’t need large amount of money to open account. As far as I understand there are no restrictions on the minimum deposit.

  27. HFM is a very peucliar platform, but with a positive sense. First things first, it’s a super regulated one. According to my knowledge, the broker possesses really enviable number of reguations, thus it can easily operate in many jurisidctions.
    Secondly, the suplus of instruments is something that I was looking for. I question the usefulness of all, but maybe it’s because of my experience.

  28. Multi-regulated and multi-faceted broker. With its offerings, it elevated my trading statistics. I came here with a little bit of money, and it required me just a few bucks of minimum deposit and i was able to start trading. Couldn’t get the premium account yet but its allright. leverage up to a few hundred times, thousands of assets, great charting, good regulation, I wasnt asking for much but I already got more than I thought I could from the side of the broker. the feel of security and availability of tons on indicators on top of that. that’s what I call a great package.

  29. How can you assess the vps server on the hfm platform? Is it worth trying or maybe it’s not mandatory to work with the broker to use it?

    • I use it every day.
      You know, of course on the net you can find separate services that provide VPS servers, but I like to buy everything in one place, I guess, you know what I mean.
      I’m confident in reliability of my broker and therefore I don’t worry about how server will work. And if some problems with it, it’s easier to solve them with my broker than with some unknown company.
      As for characteristics of their VPS, I’m completely satisfied.

  30. HFM broker is the one that I just respect. You know, it’s not a love, passion or admiration. It’s more about respect.
    The company has managed to establish itself as a proper mediator for many traders across the globe as it has several regulations and offers quality conditions.
    Here is a good account types selection alongside industry-leading trading platforms such as MetaTrader, plus it also grants access to its custom solution. Other than that, the range of methods how to deposit and withdraw funds is also big and no fees are levied.
    Building such an infrastrcture deserves a big respect!

  31. I should confess that I devoted a lot of time for a comprehensive examination of this platform to define whether it suits my trading style or not.
    It turned out that the company is quite relevant and acceptable from the point of delivered trading conditions. The array of tradable assets is cool enough to jump from this to that asset without any second thoughts. Whatever you wish to trade – trade it.
    There’s also a moderate number of instruments for analysis. I hate excessive number of functions and features cuz I see no practical sense in all of them. All in all, I put the broker solid 4/5.

  32. I am investing in some PAMM accounts on this broker. I knew this broker a pretty long time ago and figured out it features PAMM. I got both profit and loss with PAMM but it’s worth researching and investing in. Some PAMM accounts generate steady profits!

  33. This is kind of a place where endless opportunities in assets meets very good trading conditions to take advantage of them. They have a great reputation too.

  34. HFM has competitive spreads and low fees. Depending on the account type you choose, you can enjoy fixed or floating spreads, as well as commission-free or commission-based trading. The average spread for the EUR/USD pair is 1.2 pips on the Premium account, which is lower than the industry average. HFM also does not charge any deposit or withdrawal fees. And also, they do not have fees for premium; maybe they even do not have fees for other accounts. I do not know; I am using premium only. HFM has a rich educational section and a dedicated customer support team as well, I must mention that.

  35. I liked this borker from what I have seen as their offering on its website and decided to start trading with them.
    However, the porcess of opening an account was a bit complicated. They asked for proof of address and that’s fine. But I was able to access a fully operational real account three days after I started the reistration process. It’s a bit lengthy process in my opinion….

  36. I am a newbie in forex trading and hope to find the broker with the lowest spread/commission, micro account ($5) that can be traded on mt5, no inactivity chargep and regulated. Can you recommend one please?

  37. Awesome broker for trading and investing simultaneously.The amount of features for generating profits and the conditions on them is what distinguish this broker in a very positive way from the others.

    Of course you can have a good broker with solid conditions for trading. Or you can have a decent investing platform. But almost never the two endeavors combined in a very contemporary manner.Plus you don’t have to have big bucks to do so.The entry bar is really affordable.

  38. I am trading gold for quite some time with hotforex broker. They give good execution levels for trading. Spreads and leverage is also good even though i am trading with small amount. I also withdraw my profits regularly without any complaints.

  39. To be honest, I do not think I have see a broker with these many tools for traders before. And all of them are free; the broker has no fee attached to some of the most exclusive tools and features in the industry. But yeah, I have enjoyed trading here. Totally worth it.

  40. HFM is like a beacon of being able to follow the most recent trends in the industry whilst complying to the regulatory framework of like a hundred different authorities. They’re great

  41. HFM is a trading platform that offfers a host of trading tools to help traders succeed in the market. One of its standout tools is the Autochartist, which scans the markets for potential trades and gives you signals to act on. With this tool, you can be confident that you have a couple of extra ttrades that you might not have cought yourself.

    HFM also offers a wide range of educational resources to help you stay up-to-date on the latest market trends and investment strategies.

  42. I like the levergae of the broker. For some traders 1:2000 will seem pretty dang high, and it is pretty dang high.
    Nevertheles if you know how to handle it then you won’t have any issues. and if you don’t, then start learnin.
    I wonder what other traders think of HFM leverage level?

    • Well, I am sure that the 2000x level is for very special and concentrated situations.

      No trader in the world, I think, can constantly handle 2000x leverage.

      Let’s put it this way, if you are using 100x leverage. It will take the asset to move %1 to the wrong side to wipe your entire position out. You might thing that is okay, since it is hard for some stocks for example or FX pairs to move 1% in a day.

      2000x means it’ll take the asset to move %0.05 to the wrong side to wipe you out. Still think its hard? But you can use it with earnings plays if you are sure.

      It is still great to have that

  43. This broker’s concern for me as a customer seemed excessive to me.
    It’s strange to complain about it, though. Clients of other companies probably dream of such care.
    As for trading, everything is not bad. The tools work without any errors. I make nice profits.

  44. I joined the broker a month ago. I trade on a zero spread account. I chose the account from the very beginning. The trading conditions on that account are optimal for me – 1:500 leverage, good spreads and a minimum trading deposit that I find democratic – $200.
    I’m absolutely satisfied with manual trading with the broker. Now I want to try copy-trading here. What conditions for this do you offer?

    • It depends on what end you want to execute copy trading. If it’s from copying other people’s strategies, then you’ll need to have at least $100 to do so.
      But if you want to be a strategy provider, then you’ll need $500. Strategy providers also are allowed to have not more than 1:400 leverage and not more than 300 simultaneously opened positions. But 300 positions is more than enough, trust me.

  45. Uhm… Gotta be objective, as I saw some people tend to be sooo subjective that it’s not really correct.
    All modern trading instruments are ensured here without a doubt, but on the other hand, transactions are processed only 5 days in a week, that maybe not so convenient for some people.

  46. HFM is a really cool broker. The features are many; numerous I tell you. The accounts available are really interesting. There is an account for literally every type of trader. All the accounts are really affordable too with the premium going for only $10.I have a question tho. Can I have multiple account types here? Like the premium and the HFCopy, for instance.

    • Yes, you can! There is nothing wrong with that, and the broker does not stop traders who would like to run those two operations together.

  47. I opened trading account with this company half a year ago and am ready to share my impressions.
    First thing I have noticed is the high speed of execution of orders. Maybe broker uses some special technology. Or maybe they do their job well.
    The only thing that disappointed me was that there were no cryptocurrencies I wanted to trade.

  48. I like it when brokers go the traditional way when choosing a trading platform.
    In my opinion, there are no more versatile and convenient platforms than MetaTrader4 and MetaTrader5. They both have great functionality and a lot of built-in tools. In addition, the platforms can be supplemented with custom tools.
    I have a question. Which MetaTrader platform do you prefer and why?

    • I prefer HFM MT4 because I’m too conservative by nature. I think I trade with it for three years or so.
      Somebody will say that it has limited functionality and obsolete technology behind, but as long as the platform does the work for you, who cares?
      MT4 one love!

  49. That’s so good that this broker is absolutely compatible with me. It generally meets my expectations. It’s pointless to talk about fraud here because if anything was I would run away long ago.

    • Unfortunately, I do not remember whether this broker has Paypal. HFM has a large list of payment systems through which you can deposit your account.
      Look at the official site. Maybe Paypal is among them.

  50. Withdrew many times and trade forex/cfds also invest some in PAMM with this broker. A decent and vast services broker

  51. My name is Newton Dennis Mugisa from Uganda, some months ago I invested $100 with HOT FOREX GROUP and I was sent a note by someone called Chris Powel to pay taxes worth $400 in order for my profit to be sent to my mobile money. I have now paid $300 through some Kenyan phone code number. Yestarday he asked me to pay what I have and he will top up for me with $100 and send my profit today. But today, he asked me instead to clear up the $100 taxes. Which got me very confused and very worried because the money that I sent for tax yestarday I borrowed from someone whom I promised I would pay back the following day which is today.
    I just want to be sure, do you know/ have someone by the name of Chris Powel working with you in HOT FOREX GROUP?
    Do you have an investor by the name of NEWTON DENNIS MUGISA?
    When someone has invested in HOT FOREX GROUP, do they pay taxes to get their profit?
    Please kindly help me confirm.
    Thank you.

    • Thats simply a scammer next time firstof all send a mail to HFM customer support. You don’t need to oay any tax to take your money if you needed to it will reflect the message from HFM direct mail or on your dashboard

  52. I would like to open a FX trading acct, but I have the following questions:
    1- Do you accept client from Afghanistan?
    2- Can I fund acct from my another broker which is located in London ( One Financial Markets)
    3- Do you accept Perfect Money for my banking?
    ( this is the only reason I switch broker bcz my existing broker can’t accept Perfect Money.
    Hope to hear from you soon.
    Kind Regards

  53. hello everyone, I’m thinking to open an account using hotforex as I have smaller capital I want to make sure about few things like have lower spreads, smoother withdrawal process and also if anyone have information about Shewraj as he is my account manager.

  54. Beware:
    Scammed minor regions

    Ok so, i was working with this broker for few years, i had a trading account which i used trading spot Metals in there, ummm, i kinda created a portfolio which i don’t think that would be a problem because you pay the commission and Swap for your trading positions.
    suddenly they informed me that they would no longer work with my region and closed my portfolio with current market price against my will and caused me a loss of $2700 USD
    And the most important thing was they didn’t at least notify me a month or two earlier so i could at least have time to adjust my portfolio and withdraw my savings
    so i emailed customer support staff detailing that if you’re no longer work with my region then you should be responsible for my investment because i trusted this broker by throwing my earnings into it and you closed my trades at a bad time, and i want my money back because your broker was responsible by closing my trades against my will
    so they didn’t listen and they’re response was:
    ‘Sorry for any inconvenience’
    ( i will attach the conversations in here if needed)

    So they closed my trades against my will and caused me a huge loss and they response was sorry for any inconvenience

    They ‘re not responsible for your hard worked money they will take it away and throw you out at anytime they want

  55. Morning
    I have a HotForex account which I’m confused on and maybe you can help me to understand.
    I was referred to a particular account manager. Was told that if I invested $1000.00 I could make $10,000.00; however when that time came for me to withdraw I received an email (generic) stating that my account was upgraded and in order to receive payout I would need to invest another $5000.00 then I would receive $17,000.00, is this a normal process?
    I refused to give additional money so they are not going to release funds.
    Please advise

    • Sounds like the same scam Fxpipsbase pulled on me. Invested $91, supposedly earned “64k”, transferred their broker fees of 10% of the total earned to the platform just to be told that the funds came a day late and now my account is dormant until I cough up another 10k. Huge scam, if you ask me. You basically lost your investment

  56. Trading with hotforex for more than one year now. I have evaluated their performance on the basis of certain parameters like account opening time, spreads, leverage and withdrawal processing time and i have found out that they deserve five stars ratings.

  57. trading is going well, mostly on eurusd, keeping an eye on the next move for the gbp if there is a chance with everything thats going on, hotforex is a good broker, stable fast executions, good spread price on usd eur pairs. no issue with withdrawals at all.

    • I have to agree with this, note that 3nd money processing companies might be your fastest way to withdraw, skrill and neteller are really good. if im not mistaken bank transfer for withdrawals might take up to 12 working days. another good option to look at is metal trading xau and xag are good options to trade too.

  58. they are a decent broker (hotforex), quiet well known with a good reputation and decent services. I have traded with them for a year now and im pretty pleased with how things are going, an easy recommendation.

  59. I have been trading with this reliable broker for the past two years. The execution is smooth and swift. The profit payouts are hassle free with less processing time. I am happy with the services so far.

  60. Best platform with worst services as far as withdrawals are concerned.

    Also very poor at customer care when it comes to getting back the funds, customer care on Good during deposit time.

    Your regulators should check you keenly, 50% legit- 50% scam.

  61. A gentleman broker offering a wide range of products for trading and earning online money even in the lock down. Payments went through hassle free. The leverage and spreads are realistic too.

  62. Two years of trading live account with this broker. Started with small amount in the beginning. Did added some more funds later because I wasn’t aware fo the FOMC volatility. Since these funds are growing, did made many withdrawals as well. All went smooth. I have nothing to complaint about. They are decent broker in my opinion.

  63. 8 months into live trading and i dont see anything out of the ordinary, broker keeps up as advertised, good trading instruments, good process, withdrawal takes up to 24 hrs (except bankwire) I wish there would be more withdrawal options. but over all they are really good.

  64. You are never profitable with this company

    When you make your first deposit and began trading, no matter how weak your strategies are you’ll make profit. Once you made first withdrawal you are finished. No matter how smart you are the company will start taking from you. You will loose everything including your capital.

  65. The withdrawal process never failed me once in the last 9 months trading a premium live account. I got my investment back in less than 6 months, and tbh its a blessing to be able to trade forex during this time. good job by hotforex for keeping an excellent service

  66. Trading for a year and withdrew more than 10k$ to my Skrill account. Reliable broker with decent withdrawal process. I recommend this broker for any trader.

  67. great broker, they offer very good services and they are secured with excellent platform stability, I am yet to try crypto trading, but as far as scalping eurusd, its really great

  68. Trading for last consecutive year on a part time basis. Trading is convenient however i found out that you need to learn it first before you start making money with trading. They have multiple choices of assets, commodities, currency pairs etc with little spreads. Based on my experience I recommend this broker.

  69. Their headquarters is not Cyprus. It’s St Vincent and the Grenadines. check their app on Google play. It says so when you try to register.

  70. Great services all together. It is recommended broker for every type of trader. My personal experience with this broker as of now is one year.

  71. good broker over all. tight spreads on major pairs, crypto enabled and can use both mt4 and mt5. good reputation and i have no complaints.

  72. Bitpay by skrill is integrated with this broker and i also think that we can deposit other cyrpto assets like Ripple, ltc etc directly but btc can be added by using the bitpay.

  73. A broker that is easy to recommend, just made another withdrawal last week and processed with ease, hope the market becomes a bit gentler but over all the broker is doing an awesome job.

    • Does hotforex provide boom&crash, volatility indices ant step indices ?

      Is there a tutorial that shows how to open up a demo and live account?

  74. I can confirm that this broker has great earning potential if you know how to trade forex. I am trading with hotforex. Its been one year now since I am with this broker. Execution is easy and smooth. They also send weekly emails regarding webinars which are helpful in learning new strategies.

  75. Hello, I have a premium account (live) with hot forex.i would live to know if Hotforex offers Islamic trading opportunity. If yes, I would need a guide on how to create an Islamic trading account and migrate to it from my premium account. Thanks

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