HFM (HF Markets)

HFM, which previously used to be called HotForex, is a single brand name for the HF Markets Group. This group includes companies that are licensed internationally. They started in 2010 as an online broker for forex and commodities trading. They aim to offer the best conditions for trading to individuals, fund managers, and big customers. HFM provides different types of accounts and trading platforms. Their spreads are tight, with an average of 0.1 EUR USD, and they have plenty of liquidity. Retail customers, introducing brokers, and white label clients can use advanced automated trading platforms to access interbank spreads and liquidity.

HFM is known globally as a top broker because they focus on giving the best trading conditions and allowing everyone, including scalpers and traders using Expert Advisors, to access their liquidity without restrictions.

🏢 Headquarters Cyprus
🗺️ Regulation CySEC, FCA, DFSA, FSCA, CMA
💻 Trading platform: MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform
📊 Accounts: CENT, ZERO, PREMIUM, PRO
💰 Account currency: Several currencies available (USD, EUR, NGN, JPY)
Trading features: Hedging; Account for scalping; Trading on the news.
💵 Withdrawal: Wire Transfer, Visa/MasterCard, Crypto, Fasapay, Neteller, PayRedeem, Perfect Money, Skrill, Bitpay
🚀 Minimum deposit: 0 US$
⚖️ Leverage: Up to 1:2000
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01
🎮 Demo Account Available
💱 Spread: 1 pips
🔧 Instruments: 17 trading tools with Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies
📋 Orders execution: Instant Execution, Market Execution
☎ Customer Support 24/5
📚 Education Trading Academy, webinars, Numerous Tools

Fees

HFM lets traders trade Forex without paying fees. Instead, they have to deal with higher spreads. Forex spreads can be as low as 0, and you can use a leverage of up to 1:200. You can make up to 500 open orders, and the smallest trade size is 0.01 lots.

The smallest distance between limit and stop levels is 2 pips. You can start trading with just $100 as the minimum deposit. Also, HFM offers different bonuses to improve your trading conditions.

Rollover, also known as Swap or Overnight Fee, is an interest you pay or earn when you keep a position open overnight. HFM has a Rollover Policy to make sure fees are fair for all tradable assets. For most assets, except Forex, Gold, and Cryptos, the rollover fee includes an internal interest fee plus or minus the rollover fee.

Pros and Cons

Pros Cons
Premium Trader Tools, made by FX Blue Labs, work with signals from the Autochartist plugin to make the MetaTrader suite better. There’s no web app for trading except for the MetaTrader suite and HF Copy.
Advanced Insights use big data and AI to give sentiment analysis and other research tools. HFM’s educational content is getting better, but it’s not as good as other top companies.
HFM (previously known as HotForex) does a good job with in-house market analysis, third-party research, and news from FxStreet. They offer fewer tradable symbols now, although they have more currency pairs available.
Their in-house team makes special research reports every month, every quarter, and every year. Trading costs are a bit higher compared to other companies, except for its commission-based zero account.
Traders can see correlation and sentiment data on HFM’s Traders Board. Their copy trading platform, HFcopy, needs 300 EUR to follow existing strategies and isn’t as good as eToro’s.
Traders can now earn up to 3% interest on unused margin in their account. The charts on the HFM mobile app only have 4 indicators.
The myHF portal keeps getting better with new features added.

HFM Regulation and Security

HF Markets (Europe) Ltd has permission from the Cyprus Securities and Exchange Commission (CySEC) to operate and follow their rules. They have License Number 183/12 and can offer investment services worldwide.

Deposits and Withdrawals

You need at least $5 to deposit money using most payment methods. But for Skrill, SGD wire transfers, and PayRedeem, you need at least $10. If you’re using bank wires, you need at least $100.

HFM doesn’t charge you for depositing or taking out money from your account. But if you withdraw cryptocurrency, there’s a 1% fee. However, you might still have to pay fees to other companies. How long it takes to process your transactions depends on the payment method and where you are. It could be instant or take up to ten business days.

To withdraw money, you must have at least $5. If you ask for money before 10:00 a.m. on a business day from 7:00 a.m. to 5:00 p.m. (GMT +3), HFM will give it to you on the same day. Otherwise, they’ll do it the next business day. Not everyone can use all payment methods—it depends on where you are. HFM sends money back to you the same way you put it in, except for bank wires. You can read all the rules about taking out money on the HFM website. They put them there for everyone to see.

Ranking and Awards

HFM offers really good conditions for trading. They might be some of the best for Forex and CFD trading, and you can do this trading all over the world. People from Europe, Africa, and Asia, both new and experienced traders, can find HFM suitable because it provides good technical trading solutions.

As of 2024, HFM Market earned 72 industry awards from international regulators.

When we look at HFM’s trading offer, it seems attractive. But it’s not just about looks. Official numbers and awards show that HFM is a trustworthy business. Over time, HFM has grown from operating mainly in Europe to being a global broker, covering many regions.

These awards show that HFM is always working hard to give its clients the best service. So far, more than 500,000 live accounts have been opened with HFM. They’ve also won many industry awards and sponsored prestigious events, earning titles like Best Clients Funds Security Broker and Best Forex Provider. You can see more details below.

Where is HFM located?

The broker has a main license from CySEC. It also has other licenses to help clients from specific places like South Africa, Dubai, and England. We notice that HFM is growing and being regulated more. Now, the broker is fully legal in Africa. It got licenses in South Africa and Kenya. Some HFM entities are registered in places like Mauritius, SVG, and Seychelles. We generally advise against trading with brokers from offshore zones because they don’t regulate Forex trading. But because of HFM’s many regulations, it’s seen as safe to trade with them.

HFM Leverage

For Forex retail traders, the highest leverage they can get with HFM is very competitive at 1:2000. If you trade commodities or indexes, your leverage is up to 1:200. But if you’re trading equity CFDs, the maximum leverage is a bit above average at 1:25. Overall, HFM offers some of the most generous leverage options, giving traders an advantage. There’s a safety net called negative balance protection, so you can’t lose more money than you put in. Still, it’s important to manage risks carefully to avoid big losses when trading.

Investment Programs and Account Types

When you apply for HFM, you only need about 20 seconds to fill out the form. It asks for where you live, your email, and the password you want. This password lets you get into the myHF back office. HFM doesn’t ask extra questions, so it’s easy, and the back office is easy to use.

New traders get a good introduction to trading and good research. Experienced traders get a trading setup that helps them trade manually, with algorithms, socially, or by copying others. HFM also offers things like high leverage, good bonuses, a loyalty program, and interest on unused money. Plus, they have great tools for trading. It helps HFM clients do well in financial markets.

HFM offers different types of accounts to meet different needs. There are 6 types: Micro, Premium, Zero Spread, HFCOPY, PAMM Premium Accounts, and Swap Free Accounts. You can also choose an Islamic Account if you’re from the MENA region or somewhere similar.

Right from the start, you can sign up for a Demo Account. Then, if you want, you can switch to a Live Account just by putting money in it.

Each type of account gives you flexibility. This means you can choose based on your trading plan. This helps new traders, investors, or pros find the right way to trade.

Another good thing about HFM is you can trade Micro lots, use a Cent or Nano account, or pick an account for Copy Trading.

HFM Trading Conditions for Users

HFM trading conditions are very competitive. They offer a low minimum deposit and high leverage up to 1:2000. This allows clients to use different profitable strategies and test their account and terminal. The spread changes based on how people trade. The smallest spread you can get is 1 pip. However, for a Zero account, the minimum spread is zero.

Brokers often promote themselves as regularly updating their conditions and adding new features. This is important because competition in this industry is intense. If a broker doesn’t update or listen to their customers, they might fall behind.

With HFM, you can be sure they keep up with the latest trends in trading conditions and innovative features. This suggests they regularly review their terms and stay ahead of the competition.

One thing that proves this is their wide list of payment methods. Crypto now is popular and they were one of the first brokers to include it.

Trading Platform

HFM offers two main trading software options: the award-winning MT4 Platform and its newer version, MetaTrader 5. These platforms allow easy trading with just one click and provide a range of tools. They also give access to high-quality technology for both beginners and experienced traders.

Trading Platform for Website

You can use MT4 and MT5 terminals on HFM’s website. These come in different versions to suit your needs. You can trade efficiently using the Desktop Platform or the WebTerminal, which works on any browser. The MT4 MultiTerminal allows you to manage multiple accounts at once. However, the desktop version offers the most features and add-ons. HFM FIX/API is great for clients who prefer the FIX protocol. You can also copy trades or become a professional trader to be copied using HFM’s advanced PAMM technology.

Trading Platform for Mobile

HFM has created a new mobile app called HFM Trading App, available for both Android and iOS users. The MT4 and MT5 mobile trading options offer advanced capabilities and interactive charts similar to the full versions. The app enhances the trading experience with over 30 technical indicators and 24 analytical objects, making it great for trading on the go. Overall, HFM’s platform selection is excellent, offering industry-popular platforms like MT4 and MT5, along with their own trading apps packed with tools and research. HFM’s technology is suitable for various trading styles, including day trading, long or short trading, copy trading, Robot Trading, and EAs, all with quality execution.

Customer Service

HFM helps in 27 languages, covering almost all major languages worldwide. You get everything about customer service policy and live chat, but HFM doesn’t offer 24/7 customer support. We tested it and found it to be good overall. We checked traders’ reviews and tested HFM’s live chat for customer service. The satisfaction rate is good, and HFM provides helpful customer support along with support materials.

HFM Affiliate Program

The Affiliate Partners and Introducing Brokers (IB) program is open to people and groups worldwide. It lets you earn money by bringing new customers to the broker. When you join, the company gives you support by assigning a manager to help you.

The broker can also help with calculations, give you software you need, and promise good service.

If you’re a trading expert, you can become a regional representative for HFM. This means you’ll promote HFM in your area and manage an office there, offering brokerage services for HFM.

HFN’s White Label program is made for banks and consulting firms. It lets them offer services with their own brand through partnerships with HFN.

Is HFM safe and Legit?

Yes, HF Markets is a real forex brokerage firm and not a scam. Here are some reasons why traders can trust them:

  • They started in 2010 and haven’t had any big problems.
  • They follow rules from important groups like FCA.
  • They keep clients’ money separate in good banks.
  • They protect against negative balances.
  • They’re part of a fund that compensates investors (FSCS).
  • They’re clear about their trading terms and prices.
  • They’ve won awards from global regulators.

Considering all this, it’s safe to say Hotforex is a real and trustworthy broker for both new and experienced traders. They follow rules and make sure they’re not a scam.

Frequently Asked Questions

HFM lets you trade different assets online, like currencies, stocks, and more. They’re a big broker in Nigeria, and they give you access to markets around the world.

George Koumantaris, the CEO of HF Markets Group, owns HFM.

HFM is based in Saint Vincent and the Grenadines. They’re regulated by the Financial Services Authority (FSA) there.

HFM makes money by taking a bit of the difference between buying and selling prices when you trade.

Yes, HFM is trusted, with a high Trust Score of 86 out of 99.

Yes, HFM offers Swap-Free Trading, which means you won’t pay extra fees on certain accounts and trades.

As of 2023, Oracle Corporation owns HFM.

It usually takes from 2 to 10 business days, depending on your bank and the amount you’re withdrawing.

After looking at a lot of data, we couldn’t find anything better than HFM. But HFM is better rated than Exness.

Follow these steps: Log in to your myHF account, click on PAMM, open your PAMM Investor Account, choose a PAMM Manager, and deposit funds.

The HFM App is modern, easy to use, and it’s been named the Best Forex Trading App by Capital Finance.

Yes, HFM is great for beginners because it has a low minimum deposit and account size.

The minimum deposit amount for HFM is $5.

To get the HFM No Deposit Bonus, you need to meet some requirements: You must be new to HFM and haven’t gotten the bonus before. You have to open a live trading account with HFM. You must finish the verification process.

Yes, HF Markets SA (PTY) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

HFM Licenses

HF Markets (Europe) Ltd Authorized by CySEC (Cyprus) registration no. 183/12
HF Markets (UK) Limited Authorized by FCA (UK) registration no. 801701
HF Markets (DIFC) Ltd Authorized DFSA (Dubai) registration no. F004885
HF Markets (SV) Ltd Authorized by FSA SVG registration no. 22747 IBC 2015
HF Markets (SV) Ltd Authorized by FSC (Mauritius) registration no. C110008214
HF Markets SA (PTY) Ltd Authorized by FSCA (South Africa) registration no.  46632
HF Markets (Seychelles) Ltd Authorized by FSA (Seychelles) registration no. SD015
HFM Investments Ltd Authorized by CMA (Kenya) license no. 155

HMF Review Conclusion

We’ve had a great experience trading with HFM. HFM is a top broker highly respected by serious traders. HFM is a famous online trading company in finance. They have certificates and prizes to prove they are trustworthy. They follow strict rules and get awards for protecting clients and offering good products. They have accounts for beginners and experts, lots of training, regular market analysis, and many trading tools. HFM is great for both new and experienced traders. Among all the brokers we’ve tried worldwide, HFM truly stands out. It surpasses the norm and ranks among the best! We strongly suggest trading with them.

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HFM (HF Markets) Review

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