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Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Last updated: ·Reviewed by BrokaBoy Research Team
Figures checked: 4 October 2026
HFM
Multi-regulated broker formerly trading as HotForex
Overview
HFM, previously branded HotForex, has operated since 2010 and serves clients across Africa, Asia, Europe and the Middle East through several regulated entities. The broker offers MT4 and MT5 with a broad instrument list, micro accounts for smaller balances and an established copy-trading programme. Conditions and investor protection vary by the entity you sign up with.
HFM supports Forex, Metals, Indices, Energies, Stocks, Bonds, Crypto CFDs across 4 platforms, and offers Cent, Micro, Premium, Zero Spread, Auto accounts to cover most trader profiles. Regulation is held with FCA, CySEC, DFSA, FSCA, CMA, FSA.
With spreads starting from 0.0 pips and leverage up to 1:2000 (entity dependent), it's positioned for traders getting started who value hfm and hotforex.
Pros & Cons
- Several regulated entities including FCA, DFSA and FSCA
- Micro and cent accounts with a very low entry deposit
- Mature copy-trading service with public track records
- Large education and market analysis library
- Bonus promotions are restricted or unavailable in some regions
- Zero Spread account charges a commission
- Fee schedule differs noticeably between entities
Platforms & tools
Regulation & safety
HFM is regulated across 6 jurisdictions, through the regulators listed above. Protections such as segregated client funds, compensation schemes and negative balance protection differ by regulator and by the entity you sign up with - open each regulator's page for the specifics.
Fees breakdown
Illustrative summary - confirm current pricing on HFM's own website.
Variable; raw pricing on the Zero Spread account
Around $6 per round-turn lot on Zero Spread; none on Micro and Premium
Swaps charged on positions held overnight; Islamic swap-free accounts available on request
HFM covers most withdrawal fees; third-party payment charges may apply
Opening an account with HFM
- 1Register in the HFM myHF client area
- 2Upload identity and address documents
- 3Select the entity, account type and leverage
- 4Deposit and test the platform on a demo account
FAQ
What is the minimum deposit at HFM?+
HFM lists a minimum deposit of $0 to open a live trading account. Confirm the current amount on the broker's website, as it can vary by account type and region.
Is HFM regulated?+
HFM holds licences with FCA, CySEC, DFSA, FSCA, CMA, FSA. The protections you get depend on the regulator and entity you sign up with - see each regulator's page on BrokaBoy for details.
What is the maximum leverage at HFM?+
HFM advertises maximum leverage of 1:2000 (entity dependent), depending on the instrument and your jurisdiction. Retail leverage may be lower under local regulation.
What are HFM's spreads and fees?+
HFM advertises spreads from 0.0 pips. Around $6 per round-turn lot on Zero Spread; none on Micro and Premium Swaps charged on positions held overnight; Islamic swap-free accounts available on request
Which trading platforms does HFM support?+
HFM supports MT4, MT5, HFM App, HFcopy across Cent, Micro, Premium, Zero Spread, Auto account types.
How do I open an account with HFM?+
Register in the HFM myHF client area Upload identity and address documents Select the entity, account type and leverage Deposit and test the platform on a demo account
User reviews
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