HFM 2024 Broker Review
Written by:
Fact checked by:
Recommended for
- Any Forex or CFD trader
- Traders located in UK, SA, or AU
Trust Level: Very High
- Licensed and regulated by CySEC, FCA, DFSA, FSCA, FSA, and CMA.
- In business since 2010
Popularity
624 people visited this broker using ForexBrokerTalk within the last 6 months
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.
.
$0
Minimum Deposit
$3.00
FX Commission
(per lot)
Yes
Free Demo Account
No
Inactivity fee
Pros
Extensive Regulation and Safety
In Business Since 2010
Great Reviews
Cons
Due to regulation, not all trading products are available to certain residents
Review Video:
Coming soon!
HFM Quick Facts
Country Headquarters
Cyprus
Instruments Offered
Forex, Metal, Stock Indices, Crypto
Base Account Currency
AUD, USD, JPY, GBP, EUR, CAD,
Minimum Deposit
$0
Withdrawal Fee
$0
Account Verification Time
Up To 1 Business Days
Deposit Options
Bank wire, card, Skrill, Neteller, FasaPay, and more
Accepts crypto deposit
Yes
Trading Platforms
MetaTrader 4 + 5, Proprietary Platform
Demo Accounts
Yes
VPS Offered
Yes
Subscribe To Our FREE newsletter
Stay up to date with the latest in the forex world – broker reviews, news, and exclusive offers.
About ForexBrokerTalk
ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.
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.