HFM Review 2026
Multi-award-winning broker with flexible accounts
Min. deposit
$0
Max leverage
1:2,000
Spread from
0.0 pips
Platforms
MT4, MT5, Proprietary
Our score
Excellent
Visit BrokerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor acco…
Our verdict
HFM offers something for every type of trader, from cent accounts to raw-spread Zero accounts. Its regulatory profile and frequent promotions make it a solid all-round broker.
Best for: Flexible accounts & bonuses
HFM at a glance
HFM (formerly HotForex) is a multi-regulated broker serving over 3.5 million accounts worldwide. It offers a wide range of account types, high leverage for eligible clients and popular bonus programs.
Rating breakdown
Weighted scores from our broker methodology
Pros and cons
Pros
- No minimum deposit on most accounts
- Wide variety of accounts incl. cent and Zero
- Strong regulation with FCA and CySEC entities
- Popular bonus and loyalty programs (non-EU)
Cons
- Premium account spreads are above average
- Platform choice limited to MetaTrader
- Some promotions have strict terms
Key facts
- Founded
- 2010
- Headquarters
- Limassol, Cyprus
- Minimum deposit
- $0
- Maximum leverage
- 1:2,000
- Spreads from (EUR/USD)
- 0.0 pips
- Commission (raw / ECN account)
- $3.00 per side per lot (Zero account)
- Execution model
- Market Maker, STP, ECN
- Trading platforms
- MetaTrader 4, MetaTrader 5, Proprietary platform, Mobile App
- Markets
- Forex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Bonds, Crypto
- Number of instruments
- 1,000+
- Regulators
- FCA, CySEC, DFSA, FSCA, FSA (SC), FSC (MU), CMA
- Restricted countries
- USA, Canada, Iran
- Deposit methods
- Bank Transfer, Credit/Debit Card, Skrill, Neteller, Crypto, Local Bank Transfer, FasaPay, WebMoney
- Withdrawal processing time
- Within 24 hours
- Support hours
- 24/5
- Website
- hfm.com
Account types
| Account | Min. deposit | Spread | Commission | Leverage |
|---|---|---|---|---|
| Cent | $0 | From 1.2 pips | None | 1:1000 |
| Premium | $0 | From 1.4 pips | None | 1:2000 |
| Pro | $100 | From 0.6 pips | None | 1:2000 |
| Zero | $0 | From 0.0 pips | $3.00 / side | 1:2000 |
Is HFM safe and regulated?
HFM is authorised by 7 financial regulators: FCA (United Kingdom), CySEC (Cyprus), DFSA (UAE), FSCA (South Africa), FSA (SC) (Seychelles), FSC (MU) (Mauritius) and CMA (Kenya).
This includes tier-1 oversight from FCA — among the strictest regulators in the world, with capital requirements, regular audits and client-money rules.
Client protections include segregated funds and negative balance protection.
Note that HFM does not accept clients from USA, Canada and Iran.
FCA
Financial Conduct Authority · Tier 1
CySEC
Cyprus Securities and Exchange Commission · Tier 2
DFSA
Dubai Financial Services Authority · Tier 2
FSCA
Financial Sector Conduct Authority · Tier 2
FSA (SC)
Financial Services Authority · Tier 3
FSC (MU)
Financial Services Commission · Tier 3
CMA
Capital Markets Authority · Tier 3
Fees, spreads and commissions
Spreads at HFM start from 0.0 pips on EUR/USD, while the typical spread on the standard account is around 1.4 pips.
Commission on raw or ECN-style accounts: $3.00 per side per lot (Zero account).
The minimum deposit is $0 — there is no minimum to open an account.
Funding fees: HFM does not charge deposit fees.
Trading platforms and markets
HFM supports MetaTrader 4, MetaTrader 5, Proprietary platform and Mobile App.
Advanced traders benefit from copy trading, expert advisors and algorithmic trading, free vps and pamm/mam.
You can trade 1,000+ instruments across forex, indices, commodities, metals, energies, stocks, etfs, bonds, and 1 more.
Execution model: Market Maker, STP and ECN.
Deposits and withdrawals
Supported funding methods include Bank Transfer, Credit/Debit Card, Skrill, Neteller, Crypto, Local Bank Transfer, FasaPay and WebMoney.
Withdrawal processing time: Within 24 hours.
Accounts can be opened in USD, EUR, JPY and NGN.
Customer support
Customer support is available 24/5 via live chat, email, phone, whatsapp and telegram.
HFM promotions
100%
100% Supercharged Bonus
Double your deposit with a 100% credit bonus that boosts your margin.
T&Cs: Minimum deposit $250. Credit bonus cannot be withdrawn. Non-EU clients only.
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HFM FAQ
Is HFM regulated?
Yes. HFM is regulated by FCA, CySEC, DFSA, FSCA, FSA (SC), FSC (MU) and CMA.
What is the minimum deposit at HFM?
The minimum deposit at HFM is $0.
Which trading platforms does HFM offer?
HFM offers MetaTrader 4, MetaTrader 5, Proprietary platform and Mobile App.
Does HFM offer Islamic (swap-free) accounts?
Yes, HFM offers swap-free Islamic accounts on request.
How long do withdrawals take at HFM?
Withdrawals at HFM are typically processed within 24 hours.
What is the maximum leverage at HFM?
Maximum leverage is 1:2,000, depending on the entity, account type and your location. Retail clients in the UK, EU and Australia are usually capped at 1:30.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.