HFM 2024 Broker Review

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Introduction To HFM

HotForex, now known as HFM, is a well-established multi-asset Forex broker that was founded in 2010 and is headquartered in Cyprus. The broker is regulated by multiple top-tier authorities, including CySEC, FCA, DFSA, FSCA, FSA, and CMA, ensuring a secure and regulated trading environment for its clients. HFM offers a wide range of trading instruments, including Forex, indices, metals, energies, shares, commodities, bonds, ETFs, DMA stocks, and cryptocurrencies.

HFM is known for its user-friendly offerings, low fees, and a low minimum deposit requirement, making it accessible to a broad range of traders. The broker provides multiple trading platforms, including MT4, MT5, and the HFM Trading App, catering to both novice and experienced traders. Furthermore, HFM places a strong emphasis on education, offering an extensive section of educational materials, including webinars and seminars.

However, the broker has some limitations, such as a limited portfolio for EU clients and its international offerings being provided through offshore branches. Despite these limitations, HFM’s comprehensive range of services, commitment to customer support, and competitive trading conditions make it a popular choice among traders worldwide.



Minimum Deposit


FX Commission
(per lot)


Free Demo Account


Inactivity fee


Extensive Regulation and Safety

In Business Since 2010

Great Reviews


Due to regulation, not all trading products are available to certain residents

Review Video:

Coming soon!

HFM Quick Facts

Country Headquarters


Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency


Minimum Deposit


Withdrawal Fee


Account Verification Time

Up To 1 Business Days

Deposit Options

Bank wire, card, Skrill, Neteller, FasaPay, and more

Accepts crypto deposit


Trading Platforms

MetaTrader 4 + 5, Proprietary Platform

Demo Accounts


VPS Offered


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Account Opening 4 / 5

  • Valid ID document
  • Valid proof of address

Commissions & Fees 4 / 5

Deposit and withdrawal 4 / 5

  • Card
  • Bank wire
  • Skrill
  • Neteller
  • FasaPay
  • WebMoney

Trading Platforms 4 / 5

  • MetaTrader 4
  • MetaTrader 5
  • Their own proprietary platform

Customer Support 5 / 5

Other 4 / 5

  • Free demo account (live account not required)
  • Educational content and videos
  • Free VPS Service

About ForexBrokerTalk

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4.1 / 5

ForexBrokerTalk Final Score

HFM is a great choice for most traders. The broker has history of good reviews and is well regulated. It is important to note that due to regulations, some clients might have limited access to the tradable catalog, depending on which country they reside in.