HFM (HF Markets)

HFM (formerly known as HotForex) is a regulated forex and commodities broker, which was founded in 2010. HFM is the brand name of the global multi-regulated HF Markets Group, which provides trading services and facilities to over 3.5 million clients in over 180 countries. The broker allows its clients to choose from a great list of financial trading instruments, which in addition to CFDs includes more than 2000 physical stocks with zero commission. HFM offers a large selection of trading accounts, traders can open many types of live accounts, which are: Micro, Premium, Zero Spread, PAMM (Premium), HFcopy and Islamic. Forex trading can be started on Micro and Premium accounts with as low deposit as $5. For the most demanding clients there are available Zero Spread accounts with raw spreads without markup. HFM offers a number of promotions including demo and live competitions with attractive prizes and high deposit bonuses.

HFM – Safety of Funds

  • HFM is operated by HF Markets Group of companies, which include:
    • HF Markets (SV) Ltd is registered in St. Vincent & the Grenadines,
    • HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in United Kingdom,
    • HF Markets (DIFC) Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA),
    • HF Markets SA (PTY) Ltd is authorised and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa,
    • HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA),
    • HFM Investments Ltd is authorised by the Capital Markets Authority in the Republic of Kenya
  • HF Markets is operated by the HF Markets (Europe) Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • broker funds are segregated from clients funds
  • HFM ensures negative balance protection
  • HF Markets (SV) Ltd is insured against civil liability up to €5,000,000
  • HFM uses only major global banks
  • HFM (formerly HotForex) has been in the market for over 12 years
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Basic info­rma­tion about HFM

Web­site www.­hfm.­com, www.hfeu.com
Coun­trySt. Vincent and the Grenadines
Re­gula­tions FCA (UK), DFSA (UAE), FSCA (South Africa), FSA (Seychelles), CySEC (Cyprus)
Registrations: FSA (St. Vincent and the Grenadines)
Scalp­ing yes
He­dg­ing yes
Depo­sit and
with­drawal meth­ods
Bank Wire Transfer, Credit Card, Skrill, Neteller, PerfectMoney, FasaPay, PayRedeem, BitPay, Sofort, TrustPay
Web­site lang­ua­gesEnglish, Arabic, Bengali, Bulgarian, Chinese, Chinese (Taiwan), Czech, Filipino, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Urdu, Vietnamese
No services USA, Canada, Belgium, Sudan, Syria, North Korea
Isla­mic acco­unt yes
Demo acco­unt yes (30 days)
A D V E R T I S E M E N T InstaForex Grand Choice Contest
Trading accounts 1Trading accounts 2

Types of HFM popular accounts

0.01 lot
0.01 lot
0.01 lot
0.01 lot
MT4, MT5
MT4, MT5, HFM Platform
MT4, MT5
MT4, MT5
maj­ors: 3$/lot
per side
oth­ers: 4$/lot
per side

HFM - types of live accounts

Account Name
Mini­mal depo­sit
Account with US cents as an account currency for begi­nners and less expe­rien­ced clients.spreads: from 1
commission:   -
Account for more adva­nced traders with trading condi­tions similar to Cent accounts.spreads: from 1
commission:   -
The idea of the account is to provide spreads as low as possible – typical spread on EUR/USD is 0.1 pips.spreads: from 0.0
commission:   $3-$4/lot ($6-$8 round-turn)
PAMM (Premium)
PAMM account allows investors to invest funds in experienced fund managers.spreads: from 1
commission:   -
$500 / $100
Account available to strategy providers (from $500) and followers (from $100).spreads: from 1
commission:   -
Islamic account is the account without SWAPs. Micro, Premium and Zero Spread accounts are available as Islamic.spreads: ~
commission:   ~

Trad­ing in­stru­ments (CFDs)

Curre­ncy pairsyes 50+Pre­cious metalsyes
Sto­cksyes 50+Ener­giesyes
Indi­cesyes 20+So­ft com­mo­di­tiesyes
Bon­dsyes 3Cry­pto­curren­ciesyes 15+


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Please rate and add your opinion about HFM.

Average: 5   Vote count: 34

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  1. good broker. hotforex or HFM has been around for a while, good spreads especially on major pairs, the markets might seem a bit volatile lately but their execution is spot on mostly. fast withdrawals active support. and they do have services that might help in many cases such as webinars etc.

  2. HFM has almost been in the market for more than ten months now and I am trading with them for more than three years. The trading conditions are superb with competitive spreads. Good leverage which is also adjustable later. There are no hidden charges on transactions including buying sellings or withdrawal. It is a good broker.

    • never heard of him, and not sure if HFM does any telegram thing, but he might be an IB or something just be warry of anything that might compromise your trading and do not pay for anything just to be on the safe side, hfm is a good broker that doesnt need any of that telegram whatsapp thingy thats been going around i guess.

  3. Hotforex is a decent broker known to me for the last two years. I am trading with a small account which is still yielding some rewards every week. They have good trading execution and the spreads are lower. I am quite happy with the services so far.

  4. I opened account with hotforex in 2020 during the lock down while i was working remotely. The initial verification process took three to four working days and seemed to be pretty strict in start however it went smooth and since i am trading on their mt4. Easy to initiate trades with small spreads. I have also withdrawn some of my amount and it also went smooth enough for a good broker recommendation.

  5. hotforex is a great broker, they offer good withdrawal and deposit option, a stable platform both mt4 and mt5 are available, good execution time and good for scalping. very pleased with the results so far. hopefully i make my roi in the next couple of months.

  6. Good withdrawal processing turn around and lowest spreads over all major pairs. Major pairs crossed with dollar have good liquidity. Gold is also seeking attention because of uncertain economic conditions like oil so they both can also be considered for trading these days.

  7. I have a premium account started a couples of months back in 2019. I last withdraw profits in April last month which went smooth as usual. The trading is convenient and can be secured by in-putting stop losses / take profits which automatically ends the trade. Last but not the least, a lot of assets to trade with tight spreads. Highly recommended broker.

  8. they do have a good presence in south east asia, stumble upon them through a recommendation, with the forex industry booming, i just hope they have more offices in the region, but i have no complaints, online support is pretty responsive, very fast and convenient money transfers options are easy, both withdrawal and deposits.

  9. I am trading with this broker for two years now. They have a Fast deposit and withdrawal turn around including several deposits/withdraw methods such as Skrill, Neteller, Bitpay, bank wire transfer etc. They have very reasonable spreads especially on major pairs. I have concluded that this broker can be good as it has an extensive choice of forex pairs and CDFs. It is obviously a solid broker which is supervised by CySEC, FCA.

  10. great broker and well known for many years, a very stable platform with quick execution, easy withdrawals with in 24 hours.

  11. pros: good support, transparent, spreads are manageable, good account options and payment options, cons: I cant say they have any, based on 2 years of live trading its easy to settle in, most transactions are really smooth with this broker. easy recommendation

  12. This is a very good broker with fast withdrawals and fast response from mt4 trading platform. Good spreads and support is active 24/5. It is highly recommended broker.

  13. I knew this broker many years ago but I have traded with thos broker from 2018 when I want to trade Forex and earn money as I am doing freelancer. This broker is reliable with multi-award and I know many traders trading with this broker. I did try and withdrew a few times to my Skrill account. I highly recommend this broker for new trader.

  14. This broker is easy to deal with, straight forward with the right amount of security, they do tend to be strict with documentation, and on a positive note, support is pretty active anyway. Total trading time is 14 months and so far im pleased with the services offered, personally i do not use bonuses, and try to avoid them, from a personal point of view they tend to confuse, but i think some traders find a good use for them. my largest withdrawal at one time was aprox 3k usd and it was processed with easy and no hickups, my premium account is small and decent enough for my trading. over all im pleased with hotforex and can give them an easy recommendation.

  15. According to my little (5 months) experience with this broker i have not found any glitches with the payment processing and order execution. Almost everything works on time and never make mess for me. I usually had some bad days in month but i guess these are all my faults so i take some time revising my strategies which requires reviewing of the mistakes and improving from them. The platform offered by this broker is userfreindly and easy to navigate. Spread are also good with acceptable ratio.

    • You can read other comments and also google for many reviews regarding this broker. This is a veteran broker and I don’t think you get any struggle for getting started with it.

  16. easily one of the best broker currently operating the forex industry, the competition could be fierce but hotforex continues to excel. well done

  17. I opened account with this broker which was very easy. I did get it verified later by submitting copies of my bank account plus passport. Leverage/SPread/Commission etc all are realistic. Deposits are instant though they took two days to send me my profits after withdrawal. So at least i have no issues with them so far which is good that i have at least found a good broker.

  18. very good. easily a legit broker. they do payout with no delay no hassle, just be sure to get verified and all documents are presented. they can be a bit strict and thats really normal. well done.

  19. I am trading EURUSD with this broker for the last few months since i had invested few bucks with this company and they are excelently grown up. I make withdraws when i need cash and they send the payments within a day or so. Trading is easy but it take some time to start earning money so i suggest to trade on demo account first before deposit any money. They have good services indeed. I do recommend them.

  20. I made a profit withdrawal before holiday, today the broker just processed it. I will keep trading with this broker, recommend for fast payment broker.

    • Hoping that everyone enjoyed holidays so you enjoyed a lot because of your withdrawal, lol :). How long are you trading with this broker and which account?

  21. the broker is excellent, no strange situations as far as i can remember, been trading a mid sized live account for close to 3 years now, withdrawals are spot on and the largest made is around 2000usd processed with ease.

  22. I just received my withdrawal of 1200 usd in skrill which i initiated on 18 December. Trading is easier though it required me more than six or seven months to be able to make profits. The mt4 desktop is easier than the mobile version which is bit harder i guess. I am happy to have funds in my wallet. Now i will not trade till holidays are offer. The overall impression for the whole trading time with them is good so far.

  23. I noticed this broker has a good bunch of bonuses in offering however did anyone availed any of them as yet! I am trading with this broker for some time now. All is good however i usually avoid bonuses because i had heard that most of the times bonuses comes up with many terms and conditions.

  24. very satisfying, made a 750 usd withdrawal 2 days ago and got it the next day, beats my old broker that gave me lots of headaches, well done hotforex. very good.

  25. Hotforex is a really good broker. I started with a Premium account for years.

    The execution and spread are very suitable with my trading type. CS is also fast and dedicated, if you have any problem, you would have it resolved withint 10-15 mins.

  26. Easy to start trading with this broker. I only started with 150 usd which is the only deposit i made with this broker and since i had withdrawal a lot more than this. They have good execution and the team is very helpful to come up with the ready solutions of the queries that i might have, they are recommended.

  27. My friends are trading crypto – currencies and they had recommended this broker to me. As per them it has all of the assets including these digital assets for trading. Can anyone please share their feedback about this broker?

  28. Recently recovered funds from a scam broker. I had to hire a professional to help me get my money back. Happy to share my experience.

  29. Very good, I have an account for 3 years now and its doing well. even with changing times the brokers manages to stay up to date with updates and is doing really good.

  30. In last summer, I started with small account which have now been grown up in thousands and i can honestly say that this wasn’t possible without these guys because they have an excellent execution. I trade usually around london session which is i guess the most volatile time.

  31. Broker is good, the platform very stable and easy to use, I trade hotforex for 2 years and always get my money in time. very good broker

  32. I have been with Hot forex for over 2 years
    and I have to say that the customer service and the speed of the customer service is unbelievably quick,I am happy to trade with them and would recommend them to anybody who is looking for a good broker.
    Keep up the great work Hot Forex and thanx alot

  33. Trading environment at this broker is convenient so far, i started in December last year. Lowest spreads and reasonable leverage is quite helpful in earning money through trading major pairs. I had made few withdrawals which were also processed on time without any hassles.

  34. I had a trading account for the last one year and i have noticed that they have improved more since i started. The withdrawal process is easy and payments are transferred hassle free. The overall services are good so far.

  35. the broker is very decent, over all they have been executing their services accordingly, only to show this broker means business.

  36. So far its good option for earning online money however i am still able to withdraw only two profit payments in the last two months. The customer support team is really helpful and the trading software is also user friendly. No complaints so i really recommend this broker.

  37. Good trade execution with decent spreads and smooth withdrawals, recommended broker as the trading is safe with this broker.

  38. Good broker, No-requotes, fast withdrawal. Fast email response

    Spread is superb with majors and average with exotic ones. I hope they can improve on that.

    Keep up the good work!

  39. Besides my teaching job i usually spend my free time trading forex online with this broker since one and a half year and i am glad that i am making extra income by spending my free time in buying / selling currency pairs. They have allowed me good leverage and the spreads are low which ensures that i can buy more with low costs, 100% less risks and high profit ratio. The withdrawals are always on time and i am sure that they are going great with a nice professional team.

  40. I had started in April 16 and my initial investment was very small. In the past month I managed to make some good profits through trading popular pairs. I do recommend giving them try as they are very good in terms of withdrawals, services etc.

  41. I have a trading account with them for more than three months now and I have made few withdrawals too. So far everything seems to fine as of now. I will keep updating here about my trading experience with these guys.

  42. very good broker, with excellent service i have been trading live since feb 2016 and made two profit withdrawals with no problem, i am happy with the service.

  43. Its been six months now since I am trading with hotforex and I haven’t found anything odd to complain about. The execution of orders is good with competitive spreads and I already made a couple of withdrawals with no problems at all.

  44. I loosed money due to hotforex server sudden disconnection. hotforex do not compensate and not response sicereley There is no place to complain. They can do whatever they want after deposit money.
    I’ve been scammed by Hotforex. Everything is ok until you want to withdrawal money ! They canceled all my profits
    don’t waste your time and money !

  45. Bucketshop!! SCAM!!
    Bad customer service ever i had seen.Poor english .Requotes, common errors, context busy.. until you lose all trades. If you ever win, you are simply disabled. Very bad support, i will never use Hotforex ever again. Be aware.

  46. It is almost three weeks that I have open an account with hotforex the orders does not get filed and you can wait minutes to get filled. Trailing stop works at its own pleasure, when you asked them they say they never received the order to modify or internet connection, but I does run the same trade with others non of them happened. Called for customer support and they do call you back, but quite non of them knows anything about the platform itself and ask you to read the manual.

  47. The Hotforex has the most bad customer support I ever seen .I was try to get my account verefied .I did upload my documents but they say I need to submit the other side of my Id card and I did and the utility bill should be clear also I did and later I did not get any response

  48. Hi, I have a live account with HOTFOREX and I encounter a few issues with them:They DON’T have liquidity (when you need it the most)Margin cut over the weekend Terrible costumer services All I can say is that they are not so good …….

  49. i am currently trading with hotforex.com….. seems better…..i ll like to tell every body..that pls don be victim to attractive offers..first kindly find that broker must be well regulated and have good history…many of the brokers are usually scams…i like hotforex until…..let me trade fur ther….depositing is reallyu very easy n faster…i ll tell ufurther after withdrawing some profits….cuyrrently i recommend hotforex

  50. Mam u nich konto od kilku miesięcy. działa dobrze. Wykresy dobrze się rysują. Nie mam dziwnych sytuacji, jakie miałem w ironie

    • Translation: I have an account with them for several months. works well. Graphs are drawn well. I do not have strange situations like I had in iron.


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