HFM

Written by How we review

HFM (formerly HotForex) is a well-regarded forex and CFD broker offering broad market access through popular platforms, varied account types, and risk management tools. It provides research, education, and multilingual support with a focus on transparent information and clear disclosures.
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Key facts

#29
Trust rank
2010
Founded
6
Licences
228
Countries accepted
HeadquartersCyprus
Broker typeMarket Maker, STP
RegulationCySEC; DFSA; FCA; FSCA
PlatformsMT4, MT5
InstrumentsCommodities, Forex, Indices, Metals
Fee levellow

Updated

Pros

  • • Multi-jurisdiction regulation
  • • Zero Spread account option
  • • MT4 and MT5 platform support
  • • Copy trading and PAMM/MAM
  • • Wide range of tradable instruments

    • Cons

  • • Offshore entity onboarding with weaker regulatory oversight (St. Vincent & the Grenadines)
  • • MT4/MT5-only platform choice; no cTrader
  • • No guaranteed stop-loss orders (GSLO)
  • • Negative balance protection not guaranteed across all entities
  • • No investor compensation scheme for offshore clients

    • Key Features

  • • Multi asset CFD trading across Forex Indices Commodities Metals Energies and Shares
  • • MetaTrader 4 and MetaTrader 5 platforms with desktop web and mobile
  • • Copy trading via HFCopy and PAMM account options
  • • Zero Spread and other account types with raw pricing and low latency execution
  • • Advanced tools including VPS hosting and Autochartist
  • • Multi jurisdiction regulation client fund segregation and negative balance protection

    • Similar Brokers

    Where This Broker Ranks

    HFM is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    the broker operates through separate entities that hold licenses in different regions. The entity and rules that apply to you depend on your country of residence. The broker states that client money is kept in segregated accounts, separate from company funds. Some protections, such as negative balance policies or compensation schemes, may apply by entity, but terms differ by region. Confirm the exact entity, license, and protections on the official site and on the regulator's register before you open an account.

    You can trade forex and contracts for difference on indices, metals, energies, shares, and other instruments, depending on your location and account. the broker offers several account types with different pricing models, such as spread-only or commission-based. A demo account is available for practice. A swap-free option may be offered to eligible clients in some regions. Instrument lists, margin settings, and trading hours vary by entity. Check the contract specifications and terms for your account before you place live orders.

    the broker supports widely used third-party platforms on desktop, web, and mobile. You get charts with many timeframes, technical indicators, drawing tools, and one-click order entry. The platforms allow pending orders, trailing stops, and scripted automated strategies. You can set price alerts and review trade history and account reports. Some research and education are available, but tools can vary by region and account type. Check that your device and operating system meet the platform requirements before you sign up.

    Your trading cost includes the spread on each trade, and on some accounts an added commission. Positions held overnight on leverage may incur a financing charge. If your account currency differs from the instrument currency, a conversion may apply. Payment providers or banks may charge fees for deposits or withdrawals, and the broker may apply an inactivity fee after a long pause. Names and levels of fees vary by entity and account type. Review the fee schedule on the official site.

    You can fund and withdraw by bank transfer, cards, and selected e-wallets, subject to your region. Processing times depend on the method and your account status. The broker typically returns withdrawals to the original funding source and does not accept third-party payments. Your profile name must match your payment details. Some methods can include provider fees or currency conversions. Daily limits and cut-off times may apply. Account verification is required before withdrawals and helps prevent delays.

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