Security 94
Cost 86
Trading 69
Education 70
Rated: High
81

HFM (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group.

HFM offers CFD (Contract For Difference) trading on Forex, commodities, stocks, cryptos and indices. HFM is a globally recognized company dedicated to providing several account types and trading platforms, catering to both novice and experienced traders.

PLEASE NOTE: ‘HF Markets’ is the corporate entity for EU, UK and Australian users. “HFM” on the other hand is the global corporate entity, available in all other countries (except specific countries excluded). This review is based on the HFM global entity offering, which is very similar to the HFM Markets offering (EU, UK, AU). Whenever there is a difference between the offers, it will be promptly stated.

Table of Content

Is HFM a good broker?

Yes, HFM is considered a good broker for a variety of trading activities. It’s particularly beneficial for beginners due to its educational resources, demo account, and low minimum deposit requirements.

HFM excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times.

For CFD trading, HFM offers a wide range of assets and has been recognized for its excellent trading conditions.

HFM homepage

Is HFM good for beginners?

Yes, HFM is good for beginners.

They offer a demo account, require a low minimum deposit, and provide a wide range of educational tools catering to all levels, from beginners to advanced. These tools include online trading courses, educational videos, webinars, seminars, podcasts, and how-to videos

Is HFM good for day trading on Forex and CFDs?

Yes, HFM is a good broker for day trading on Forex and CFDs.

At HFM you can find over 50 Forex pairs and 500 CFD assets, including metals, energies, indices, stocks, commodities, bonds, ETFs, and cryptos. Forex spreads start from 0 pips and there’s a $6/lot round turn commission. Here you can also have access to MT4 and MT5 platforms.

Is HFM good for scalping?

Yes, HFM is suitable for scalping.

The HFM Zero account features raw spreads from 0 pips and a trading volume commission of $6/lot round turn. They also offer fast execution times and the option to automate trades with Expert Advisors (EAs).

Is HFM good for demo trading?

Yes, HFM is good for demo trading. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data.

Is HFM good for long-term investing?

No, HFM is not good for long-term investing. It is primarily a CFD broker and applies overnight fees, which are not favourable for long-term investment strategies.

What are the HFM key features?

The key features and main characteristics of HFM are listed below:

  • CFD and Forex trading: HFM is a CFD broker. Here you can trade around 500 CFDs as Forex pairs, commodities, indices, stocks and bonds. Spreads on Forex start from 0 pips depending on account type.
  • Raw spreads: HFM offers raw spreads on their Zero Account. This account offers spreads from 0 pips (0.3 pips on average on EUR/USD), and charges a trading volume commission of $6/lot round turn.
  • Copy trading: HFM offers a viable copy trading service through their own HF Copy platform. With that said, it should be noted there are way better copy trading and social trading platforms on the market.
  • VPS Hosting: HFM offers free VPS services. The base package can be obtained if the trader deposits at least $400.
  • Free Autochartist: At HFM you can have autochartist for free once you open a real trading account.
  • Premium trader tools: HFM offers a number of premium trading tools such as sentiment indicators, correlation matrix, and much more.

The major attributes and qualities of HFM can be found in this table below:

Area of regulation
Europe (Cyprus), UK, Dubai, South Africa, Offshore (Seychelles), Kenya
Trading fees rating
Medium
Inactivity fee
Yes
Withdrawal fees
No
Minimum deposit
$0
Time to open an account
3 days on average
Wire transfer deposits
Yes
eWallets deposits
Yes
Account base currencies supported
USD, EUR, PLN, JPY, NGN, ZAR
Demo account provided
Yes
Products offered
CFDs on Forex, Indices, Commodities, Stocks and Bonds

What can’t be done on HFM?

The things and actions you can’t do on HFM are listed below:

  • HFM doesn’t offer the cTrader platform: if you’re a scalper looking for cTrader, HFM doesn’t offer it.
  • HFM doesn’t offer Spread betting: HFM is available in the UK, but no spread betting is available. If you’re a spread betting trader, choose an alternative.
  • HFM doesn’t have Low mark-ups: the raw spread account of the HFM Zero account is good, but the other account types have above-average spreads, even for professional traders.

If you’re looking for one of these features, you might be wanting to look for HFM alternatives.

What are the HFM pros and cons?

Pros:

  • There’s a wide range of account types
  • Stable raw spreads on the HFM Zero account (0,3 pips on EUR/USD on average)
  • The demo account at HFM is unlimited
  • Leverage up to 1:2000 under FSA regulation
  • Copy trading features available
  • HFM offers free autochartist and premium trading tools to its traders
  • Free VPS available for deposits above $400

Cons:

  • The HFM offering may greatly change depending on the country
  • The overall HFM trading costs are higher than the industry standard
  • Small range of tradable assets

Is HFM regulated?

Yes, HFM is regulated by CySEC (183/12), FCA (801701), DFSA (F004885), FSCA (46632), FSA (SD015), and CMA (155). HFM is ESMA compliant, thanks to the CySEC license and can operate all over the EU thanks to the European passporting system for companies.

The licenses obtained by the HF Markets Group across all their entities from several regulatory bodies around the world can be found below:

HF Markets Group Entity Regulatory Body License Number Country HF Markets Group Entity Address
HF Markets (Europe) Ltd CySEC (Cyprus Securities and Exchange Commission) 183/12 EU Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus
HF Markets (UK) Ltd FCA (Financial Conduct Authority) 801701 UK Bloomsbury Building, 10 Bloomsbury Way, Holborn, London WC1A 2SL, United Kingdom
HF Markets (DIFC) Ltd. DFSA (Dubai Financial Services Authority) F004885 Dubai Unit OT 20-53, Level 20, Central Park Offices, DIFC, PO Box 507274, Dubai, UAE
HF Markets SA (PTY) Ltd FSCA (Financial Sector Conduct Authority) 46632 South Africa Katherine & West Suite 18 Second floor 114 West Street Sandton, Johannesburg 2031
HF Markets (Seychelles) Ltd FSA (Financial Services Authority) SD015 Seychelles Room S203A, Second Floor, Orion Complex, Victoria, Mahe, Republic of Seychelles
HFM Investments Ltd CMA (Capital Markets Authority) 155 Kenya The Oval Building, Corner of Jalaram Road/Ring Road Westlands, 5th floor, Office 2-7 P.O. Box 30333-00100 Nairobi, Kenya

Is HFM legit?

Yes, HFM is legit and it is not a scam.

HFM is a trusted and global brokerage firm for online Forex and CFD trading established in 2010, and since then it has garnered a trustworthy reputation in the industry, making it a popular choice globally.

HFM is part of HF Markets Group, and the headquarters is located in Spyrou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus.

The HFM presence spans multiple countries, with offices and licenses in Cyprus, the UK, South Africa, the UAE, and St. Vincent and the Grenadines, indicating a significant international footprint.

HFM global offices

Is HFM safe?

Yes, HFM is considered safe (even though this is not a guarantee of positive future results) as it adheres to strict regulatory and financial standards, ensuring that clients’ money, deposits and withdrawals are secure.

The firm protects funds with various safeguards such as segregated bank accounts. It emphasises data security, using encrypted data transmission and storage to protect sensitive information, and employs technologically solid trading platforms like MetaTrader, known for their reliability.

Has HFM won any industry awards?

Yes, HFM has received numerous accolades, accumulating over 60 awards throughout its history.

Among the latest achievements in 2023 are the “Best Trading Accounts Global” award by World Business Outlook and a place in the “Top 100 Companies” list by World Finance Magazine.

Lastly, HFM won our “Best Broker in the Middle East” award for 2021.

HFM awards won

How does HFM protect clients’ money?

HFM (and all the HF Markets Group entities) ensures client funds’ protection through segregated bank accounts, safeguarding them in case of broker insolvency or bankruptcy.

In the EU and UK, this protection is bolstered by the ICF (Investor Compensation Fund) and the FSCS (Financial Services Compensation Scheme), offering insurance compensation of up to €20,000 or £85,000, respectively, in the unlikely event the broker cannot meet financial obligations. This ensures clients’ investments are secure and minimises the risk of losing more than their initial investment.

Additionally, within the European Union, HF Markets provides Negative Balance Protection, which means that traders will never lose more money than they deposit.

Who is the CEO of HFM?

The HFM CEO is Domluke Da Silva since 2022.

How to use HFM?

In order to use HFM you have to respect the following requirements:

  • Be legal of age in your own country.
  • Make sure HFM is allowed in your country.
  • Verify your identity.
  • Deposit a minimum amount of money.

In Which Countries is HFM not Available?

HFM does not accept traders from the following countries:

What are the HFM account base currencies?

The HFM account base currencies include USD, EUR, JPY, NGN, ZAR.

Regarding the HF Markets for traders in the EU, UK, and Australia the list of the available account base currency is USD, EUR, PLN.

The selection may slightly vary depending on your area and the account type selected.

HFM may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected.

What is the HFM minimum deposit?

The HF Markets minimum deposit ranges from $0 to $5000 depending on the account type. Here’s a complete breakdown of the HFM minimum deposit according to the account types:

  • $0 for the Cent, Zero, Top Up and Premium accounts
  • $100 for the Pro account
  • $250 for the PAMM account
  • $500 for the Premium Pro account dedicated to Experienced Retail Clients
  • $5000 for the Premium Pro account dedicated to Professional Clients

In order to meet the HFM minimum deposit, you can use payment methods such as bank wires, credit/debit cards, ewallets and cryptocurrencies. Your funds will be ready on the HFM account almost instantaneously, except for the bank wire deposits which may take a couple of business days to get through.

If you deposit less than $100 with a bank wire (or less than $250 under the regulation of the Cyprus Securities and Exchange Commission, CySEC), you might be charged processing fees. However, HFM will cover these commissions if you deposit more than those amounts.

For more information about this topic, you can have a look at our HFM minimum deposit article.

The HFM minimum deposit and requirements are listed in this table below:

Minimum deposit From $0 to $5000
Deposit fees No
Deposit methods Wire Transfer, MasterCard, Visa, Neteller, Skrill, Crypto, Fasapay, PayRedeem, BitPay
Deposit Processing Time Up to 7 business days

What are the HFM deposit and withdrawal methods?

HFM enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and crypto.

The HFM deposit and withdrawal methods are listed below:

  • Wire Transfer
  • MasterCard
  • Visa
  • Neteller
  • Skrill
  • Crypto
  • Fasapay
  • PayRedeem
  • BitPay

Keep in mind though, that some of these payment methods may be available only in specific countries or world regions.

Additionally, the HFM withdrawal method must be the same used for depositing funds.

Also, depending on the method there is a minimum withdrawable amount up to $100.

When it comes to withdrawal fees, HFM does not charge any fees on withdrawals except for a 1% commission when using BitPay.

HFM deposit methods

Are withdrawals secure and fast on HFM?

HFM withdrawals are secure, but can be quite slow requiring up to 10 business days to get through. However, if you withdraw money with Skrill or Neteller, the withdrawal is instant.

Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want. In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on HFM (i.e. your personal information provided) is up to date.

Are there bonuses or promotional offers on HFM?

Yes, HFM offers several bonuses and promotional offers to its traders outside the EU, the UK and Australia.

Keep also in mind that bonuses and promotions are usually cyclical, meaning that they may not be available at all times.

The bonuses and promotions offered by HFM to eligible users (as for January 2024) are listed below:

  • HFM gadget giveaway: a chance to get a cool gadget available on market
  • Traders awards 2024: a monthly contest for a $1,000 prize
  • Return on free margin: get daily earning on your wallet to trade
  • HFM loyalty program: get prizes in 4 different tiers, the more you trade, the better the prizes
  • Virtual to real demo contest: a contest with no monetary risk with a $2000 prize
  • HFM merchandise: for the most loyal traders and partners, free of charge

HFM bonus and promotions

What are the HFM account types?

HFM provides a variety of account types to suit the needs of any trader. The HFM account types are all listed below:

HFM account type Minimum deposit Base currency Spreads from Trading volume commissions Platform
Cent account $0 USD (cents) 1.4 pips $0 MT4, MT5
Zero account $0 USD, EUR, PLN, NGN, JPY 0 pips $6/lot (round turn) MT4, MT5
Premium account $0 USD, EUR, PLN, NGN, JPY 1.4 pips $0 MT4, MT5, HFM platform
Pro account $100 USD, EUR, NGN, JPY 0.6 pips $0 MT4, MT5
Premium pro account $5000 (Professional), $500 (Experienced retail) USD, EUR, PLN 1.2 pips $0 MT4, MT5
Top up account $0 USD, NGN, ZAR, JPY 1.4 pips $0 MT4, MT5, HFM platform
PAMM account $250 USD 1.6 pips (Premium), 0.4 pips (Premium Plus) $0 (Premium), $8/lot round turn (Premium Plus) MT4

HFM Demo Account

The HFM demo account is a type of trading account that allows users to experience the HFM service at no cost using virtual funds.

THe HFM demo account can be used to test your Forex strategies and HFM platforms for an unlimited usage of time.

Upon opening the HFM demo account you can start with a virtual balance of up to $100,000 while also installing and trying EAs as we have explained in our HFM demo account guide.

HFM Cent Account

The HFM Cent account is a beginner-friendly trading option only available to international clients under the regulation of the Financial Services Authority (FSA) of Seychelles. Cent account is ideal for those moving from a demo to a real trading environment.

The HFM Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units.

Cent account includes transactions and balances in USD cents, with a minimum deposit requirement of $0.

The HFM Cent account offers spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, and no attached trading volume commissions. However, in the context of Cent Accounts, HFM’s spreads are more competitive than its competitors.

Traders can leverage up to 1:2000 on Forex trades (excluding traders from EU, UK, and Australia).

The HFM Cent account supports both MT4 and MT5 trading platforms, catering to a range of trader preferences. Additionally, it’s available as a swap-free option for Islamic traders.

HFM Cent account

HFM Zero Account

The HFM Zero account is a versatile trading solution suitable for traders of all levels, under any HFM entity. The Zero account features raw spreads from top liquidity providers.

The Zero account provides traders access to all HFM trading instruments globally, with a minimum trade size of 0.01 lot.

The base currency options within the HFM Zero account include USD, EUR, PLN, NGN, and JPY, depending on the trader’s region and the broker’s entity. The HFM Zero account requires a minimum deposit of $0 which makes it readily accessible.

The HFM Zero account offers spreads starting from 0 pips, with a trading volume commission of $6/lot round turn, which is 14% cheaper than the industry standard commission of $7/lot.

Leverage is available up to 1:2000 on Forex, though it is limited to 1:30 for traders in the EU, UK, and Australia due to regulatory constraints.

Traders using the HFM Zero account can choose between the MT4 and MT5 trading platforms. The account also comes with an Islamic swap-free option, accommodating a range of trading preferences and needs.

HFM Zero account

HFM Premium Account

The HFM Premium account caters to retail traders globally as it is available under any HFM entity. The Premium account offers a straightforward trading experience with no minimum deposit and no trading volume commissions, which makes it a standard account offer for retail traders.

The Premium account provides access to the full range of HFM trading instruments, with a minimum trade size of 0.01 lot.

The HFM Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The Premium account still maintains an accessible entry point with a minimum deposit of $0.

Within the HFM Premium account, traders can avail of spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip. The leverage extends up to 1:2000 on Forex, with a leverage cap of 1:30 for traders in the EU, UK, and Australia.

The HFM Premium account supports multiple trading platforms, including MT4, MT5, and the HFM App. Additionally, the HFM Premium account is available as a swap-free option, accommodating traders of Islamic faith.

HFM Pro Account

The HFM Pro account is specifically designed for experienced traders, offering ultra-low spreads and no commissions under the regulation of the Financial Services Authority (FSA) of Seychelles. HFM Pro account is not available for traders in the EU, UK, and Australia.

Pro account provides access to all HFM trading instruments with a minimum trade size of 0.01 lot.

The HFM Pro account includes the following base currencies: USD, EUR, NGN, JPY. Experienced traders require a minimum deposit of $100 to start trading with the Pro account.

The HFM Pro account stands out with its competitive spreads, starting from just 0.6 pips, which is 40% cheaper than the industry standard of 1 pip, without any trading volume commission. The leverage available reaches up to 1:2000 on Forex (excluding traders from EU, UK, and Australia).

Traders can choose between the MT4 and MT5 trading platforms within the HFM Pro account. Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well.

HFM Premium Pro Account

The HFM Premium Pro account is exclusively designed for traders in the EU, UK, and Australia who are classified as:

  • Professional Clients are traders who can access more favourable rates but with lesser regulatory protections than that of a retail client;
  • Experienced Retail Clients are traders residing exclusively in Poland who can access lower margin requirements than a retail client but not as low as Professional clients by meeting certain knowledge and expertise criteria.

Premium Pro account provides access to all HFM trading instruments with a minimum trade size of 0.01 lot.

The HFM Premium Pro account offers a range of base currencies including USD, EUR, and PLN. The Premium Pro account has a minimum deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only).

The HFM Premium Pro account features competitive spreads starting from 1.2 pips, which is 20% higher than the industry standard of 1 pip, with no trading volume commission attached. In terms of leverage, the Premium Pro account offers up to 1:400 for Professional Clients, and up to 1:100 for Experienced Retail Clients (Poland traders only).

Traders can utilise both MT4 and MT5 trading platforms with the HFM Premium Pro account. Additionally, the Pro account is available as an Islamic swap-free option.

HFM Top Up Account

The HFM Top Up Account is distinctive for offering a bonus on every eligible deposit but is exclusively for traders under the regulation of the Financial Services Authority (FSA) of Seychelles. HFM Top Up account is not available for traders in the EU, UK, and Australia.

Top Up account grants access to all HFM trading instruments and provides a minimum trade size of 0.01 lot.

The Top Up account supports various base currencies including USD, NGN, ZAR, and JPY, based on the trader’s location, with a minimum deposit requirement of $0.

The Top Up account features spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, without any trading volume commissions. HFM offers leverage up to 1:1000 on Forex (excluding traders from EU, UK, and Australia) on the Top Up account.

Traders can utilise MT4, MT5, and the HFM App trading platforms with the HFM Top Up account. Additionally, The Top Up account also comes as a swap-free option, accommodating Islamic traders who need to comply with the Shariah Law.

HFM Top-Up bonus account

HFM PAMM Account

The HFM PAMM account is a managed account that caters for traders and investors exclusively under the regulation of the Financial Services Authority (FSA) of Seychelles. The HFM PAMM account allows fund managers the opportunity to handle trading with two account types: PAMM Premium and PAMM Premium Plus, each featuring different trading conditions.

These PAMM accounts are specialised for trading in Forex, metals, oil, and indices with a minimum trade size of 0.01 lot.

Both HFM PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250.

For the PAMM Premium account, traders can benefit from spreads starting at 1.6 pips without any trading volume commission, which is 60% higher than the industry standard of 1 pip. However, it should be noted that PAMM accounts generally have higher spreads than normal accounts.

On the other hand, the PAMM Premium Plus account offers tighter spreads starting from 0.4 pips, including a trading volume commission of $8/lot round turn as well, which is 20% higher than the industry standard commission of $7/lot. The leverage available for Forex trading in the HFM PAMM account goes up to 1:300 (excluding traders from EU, UK, and Australia).

Traders are restricted to using only the MT4 trading platform. Additionally, both PAMM account types offer an islamic swap-free option.

Can I test all HFM account types with a demo account?

No, the only HFM demo accounts available are the Cent, Zero, Premium and Pro accounts.

The Top-up account trading conditions, however, are very similar to the ones of the premium trading account, meaning that traders have the alternatives to choose other HFM account types if they want to test it.

What are the fees on HFM?

The fees and commissions charged by HFM are listed below:

  • Spreads: Spread on HFM starts from 0 pips on the Zero account. Other accounts charge higher spreads up to 1.6 pips with the PAMM account.
  • Volume-based commissions: $6/lot commission round turn on forex when using an HFM zero account.
  • Overnight fees: HFM does charge an overnight fee unless you have a swap-free account.
  • Inactivity fees: HFM charges a monthly $5 fee after 6 months of inactivity.

How good are HFM trading spreads and commissions?

The HFM average cost per trade is $11,25, calculated as an average across all HFM account types (12,50% higher than the average cost per trade industry standard), considering a 1 lot volume trade on the EUR/USD Forex pair.

The cheapest account on HFM is the HFM Zero account with raw spreads starting from 0 pips and $6/lot commission round turn (14% cheaper than the standard industry commission of $7/lot).

Similar trading conditions can be found with the HFM pro account, where the cost per trade starts from $6, but by charging spreads from 0,6 pips (which are 40% lower than the industry standard of 1 pip).

The HFM standard account, called HFM Premium Account, charges spreads from 1.4 pips. In other words, for every trade it charges $14 which is 40% higher than the industry standard.

The HFM trading costs breakdown based on each account type available can be found in this table below:

HFM account type Spreads from Commission Total commission per trade Industry standard
Cent account 1.4 pips $0 $14/lot 40% higher
Zero account 0 pips $6/lot $6/lot 40% cheaper
Premium account 1.4 pips $0 $14/lot 40% higher
Pro account 0.6 pips $0 $6/lot 40% cheaper
Premium pro account 1.2 pips $0 $12/lot 20% higher
Top up account 1.4 pips $0 $14/lot 40% higher
PAMM Premium account 1.6 pips $0 $16/lot 60% higher
PAMM Premium Plus account 0.4 pips $4/lot $8/lot 20% higher

The HFM trading spreads and commissions on different markets are listed below:

Asset type Spreads/Commission
Forex Spreads from 0 pips
Commodities Spreads from 3 pips
Indices Spreads from 0 pips
CFD Stocks and ETFs 0.1% commission

What type of broker is HFM?

HFM is a CFD (Contract For Difference) Forex broker with execution style based on ECN (Electronic Communications Network) and STP (Straight-Through Processing) models.

Ultimately, this means that traders get the very best price from the many liquidity providers that HFM has in place.

How does HFM make money?

HFM generates revenue through spreads, trading commissions, overnight fees, inactivity fees, currency conversion fees and additional premium services. They also make money through deposit and withdrawal fees and B-Book execution policies.

HFM’s primary income sources are spreads on all the accounts and trading volume commissions of $6/lot round turn on the Zero account. HFM also makes money from swap fees on open positions overnight and inactivity fees of $5 per month after six months. Deposit and withdrawal fees vary, with specific charges for bank wire deposits below $100 and BitPay withdrawals.

Additional revenue comes from services like VPS hosting, which requires separate payment until you deposit over $400. HFM also provides free services such as Autochartist and premium trading tools.

Lastly, HFM earns from B-book execution of some trading orders where HFM acts directly as counterparty, earning on losing trades.

It should be noted that HFM is not a publicly listed company, and as a result, specific details regarding its revenue generation methods and earnings remain undisclosed to the public.

What assets can you trade on HFM?

On HFM you can trade over 500 CFD (Contract For Difference) assets in different markets such as Forex, metals, energies, indices, stocks, commodities, bonds, ETFs and cryptos.

Some assets are unavailable for trading, depending on the HFM entity. Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia, under the HF Markets entity.

The amount of CFD assets offered by HFM per each market can be found below:

Market Number of assets
Forex 50+
Metals 4
Energies 2
Indices 11
Commodities 5
Bonds 3
ETFs 33
Crypto 40

What is the maximum leverage available on HFM?

The maximum leverage available on HFM is 1:2000 under the regulation of the FSA (Financial Services Authority) of the Seychelles.

EU and UK traders have a maximum leverage capped at 1:30 on HFM due to ESMA/MiFID II laws.

By qualifying as a professional trader, EU and UK traders can access a higher leverage of up to 1:400. Whereas, traders residing in Poland can get the Experienced retail client status allowing for a leverage up to 1:100.

Within the UAE, the leverage allowed is 1:50 maximum due to the regulation of the DFSA (Dubai Financial Services Authority) in Dubai.

The HFM maximum leverage may slightly differ also depending on the regulatory framework of your country and the HFM entity you are trading with.

What is the minimum lot sizing available on HFM?

The minimum lot size available to trade through HFM is 1 nano lot.

This is equal to 0.0001 standard lots and means you can get started with a minimum trade size of $10 in cash value.

Can you earn dividends on HFM?

No, you can’t earn dividends on HFM. There are no real stocks on HFM as well as there is no feature to let you earn dividends on stocks CFDs with HFM.

What are HFM’s liquidity providers?

HFM’s liquidity providers are not disclosed at the moment.

What platforms does HFM offer?

The HFM’s trading platforms are listed below:

  • MetaTrader 4 (MT4), available as webtrader, desktop and mobile
  • MetaTrader 5 (MT5), available as webtrader, desktop and mobile
  • HFM platform, available as a mobile app

HFM provides the most common orders for risk management on all trading platforms such as: stop losses, take profit, limit orders, and trailing stops. Each trading platform offers fundamental analysis tools along with basic trading indicators (such as Moving Averages) for technical analysis.

HFM trading platforms available

How good is HFM Customer Service?

HFM’s customer service is comprehensive and efficient.

Their website features a robust FAQ section, addressing common queries effectively, while the customer service team is accessible via live chat, email, or phone in about 20 languages.

The customer service team is professional, helpful and usually answers within 1 business day.

Other than this, HFM also maintains a presence on various social media platforms, including Facebook, X and LinkedIn, enhancing their accessibility for their clients.

How can you contact HFM?

If you do need to get in contact with the support team, you will find them readily available in English through live chat, email, or phone.

Does HFM have social media channels?

HFM has profiles on different social media, such as Facebook, X and LinkedIn.

How many languages are available at HFM?

The website caters very well for many languages with a total of 20 available. Other than most of the languages of the EU, there are also languages such as Chinese (traditional and simplified), Thai, Indonesian, Russian, Japanese, Arabic, Turkish, Malay and more.

What are the HFM market analysis tools?

HFM offers its traders five market analysis tools. The market research tools offered by HFM are listed below:

  • Exclusive market analysis from experts
  • Daily market news of the many markets available
  • An economic calendar to keep track of market-moving events and announcements
  • An earning calendar for reports of public companies
  • Advanced trader tools to improve the trading platform interface

HFM advanced insights

Does HFM provide educational tools?

Yes, HFM provides six educational tools and these are listed here below:

  • Online trading courses: from beginners to advanced to learn trading as a whole
  • Educational videos: to get key lessons to manage trading activity
  • Webinars: with trading tips and knowledge from the HFM team of experts
  • Events and seminars: to meet the HFM team in person and gain exclusive trading knowledge
  • Podcasts: to keep on learning about trading
  • How to videos: to get started with trading platforms

HFM Training courses videos

What do users think about HFM?

Warning

The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker's quality.

 

Trustpilot 4.0/5 (186+ reviews)
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iOS App Store 4.2/5 (5+ reviews)

filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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