HFM Review

Key Features:

• Leverage: Up to 1:2000
• Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
• Minimum Deposit: $0
• Headquarters: Cyprus
• Trading Platforms: MT4, MT5, HFM Trading App
• Founded: 2010

HFM Licenses

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

What is HFM?

HFM, previously known as HotForex, is a multi-asset, award-winning Forex broker established in 2010 and headquartered in Cyprus. The broker offers a wide range of trading options including Forex, Metals, Energies, Indices, Stocks, Bonds, ETFs, Cryptocurrencies, and Commodities with a leverage of up to 1:2000. Traders benefit from ultra-fast execution, quick deposits and withdrawals, and swap-free accounts.

Account Types and Features

HFM provides five distinct account types: Cent, Zero, Pro, Premium, and Top-up Bonus. These accounts feature tight spreads averaging EUR/USD 0.1 and offer unrestricted liquidity, accommodating traders of all sizes and profiles. Automated trading platforms enable various strategies, including news trading.

Global Presence

HFM’s operations extend beyond its Cyprus headquarters, with significant presence in Dubai, South Africa, and offshore entities in St. Vincent and the Grenadines. The broker has a strong influence in Africa, Asia, and the MENA regions, offering substantial opportunities to traders worldwide.

Regulatory Compliance

HFM operates under several regulatory bodies, ensuring trustworthy service delivery. Each region’s applicable licenses regulate HFM’s operations, contributing to its reliability.

Pros and Cons

Pros:

• Reputation and Regulation: HFM enjoys a solid reputation and robust regulatory framework.
• User-Friendly Offering: Extensive portfolio for Forex and CFDs.
• Low Fees: Competitive fee structure and low minimum deposit.
• Educational Resources: Comprehensive educational resources including webinars and seminars.

Cons:

• Limited EU Portfolio: Only Forex and CFDs available for EU clients.
• Offshore Trading: International trading is conducted via offshore branches with less stringent requirements.

Safety and Trustworthiness

HFM is not a scam. It is considered a safe broker, regulated by top authorities including FCA, FSCA, and CySEC. HF Markets (Europe) Ltd., under the HFM brand, is authorized by CySEC, allowing it to offer investment services across the EEA zone with the necessary safety measures and controls in place.

Location and Regulation

HFM’s main regulatory bodies include CySEC, FCA, FSCA, and CMA in Kenya. While some HFM entities operate in offshore zones like Mauritius, SVG, and Seychelles, the broker’s multiple parallel regulations ensure safe trading conditions.