HFM supports the MT4 and MT5 platforms in addition to its own mobile HFM Trading App, which allows clients to trade from charts and make deposits and withdrawals. Four of its six standard accounts have no minimum deposit requirements and have competitive trading fees. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. I value the HFM investment made using AI and big data to help clients navigate financial markets, especially with more than 500 CFD assets available to trade. HFM offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist.

Overall4.0/5Fees4.0/5Deposit and withdrawal5.0/5Asset selection4.5/5Ease of account opening5.0/5Regulation and security5.0/5 For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic Lunar Capital cheating integrity. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

$1,000 HFM Traders Awards Contest Monthly Hall of Fame – Nov 12th, 2025

HFM also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface. We could immediately deposit funds into our accounts, but our accounts were only ready for trading after two days. It also has several excellent trading tools to assist traders further. HFM (formerly known as HotForex) is a well-known international broker with six standard trading accounts and one specialised copy trading account. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as HFM does not accept them via its international brokerages.

For the purposes of this review, we tested both of HFM’s web trader platforms. Users can manage multiple MT4, MT5, and HFcopy accounts in one place. Copy trading is available on MT4 and HFM’s web platform, and each HFcopy account can follow one provider at a time. This account combines raw spreads starting at 0.2 pips with a commission charge, and requires a minimum deposit of USD 250.

Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. As a leveraged product losses are able to exceed initial deposits and capital is at risk. The secure myHF back office handles all financial transactions for verified clients HFM caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu.

Overall, the HFM maximum leverage ranks among the most generous ones, providing traders with a potential edge. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. I always recommend that traders check them before evaluating the total trading costs. I reviewed this broker to determine if it provides demanding traders with an edge. The core trading environment consists of cutting-edge trading tools, low trading costs, a balanced asset selection, and high leverage.

Available Assets and Leverage

Clients are not charged for deposits or withdrawals, regardless of the method used. It’s important to note that spreads can widen during low liquidity or high market volatility. For HFM verification, once your application is submitted, the broker will review it and request additional documentation for verification purposes. Once completed, your account setup is finalized. Then, agree to the broker’s terms to proceed.

HFM offers the ever-popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile. While opinions on spreads vary depending on the account type chosen (with some finding Micro/Premium high, and others praising Zero), many find them competitive overall. Scrolling through the HFM reviews on FxVerify, you’ll find many traders sharing positive experiences.

• Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
• A nine-member team provides additional market commentary and analytics.
• Overall, the quality of the educational content is very high, and HFM obviously does its best to educate beginner traders.
• Thinking about trading with HFM (formerly HotForex) in 2025?
• While opinions on spreads vary depending on the account type chosen (with some finding Micro/Premium high, and others praising Zero), many find them competitive overall.

Is HFM Regulated?

Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.

Summary of HFM Specifics

Use the live symbol search tool above to see exactly what’s available right now, based on data from live accounts. HFM provides a broad range of markets to trade, mostly through CFDs. Users often highlight the variety of account types available (like Premium or Zero Spread) and find the trading platforms reliable with good execution speeds. We analyse the total cost using real data from live accounts to see how they compare.

Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. Compare the best Forex brokers in the Malaysia and find the one that suits your trading style and budget. Check out these other guides to enhance your forex trading knowledge and skills. Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. Toll-free local phone numbers and email addresses give clients direct, free access to quality customer service in their language.

Overall, the quality of the educational content is very high, and HFM obviously does its best to educate beginner traders. Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory. HFM has a competent in-house research team that produces high-quality and useful market analysis materials. Traders in Malaysia will have to pay currency conversion fees on both deposits and withdrawals, which can make trading expensive. HFM charges no fees for deposits and withdrawals, but withdrawals via credit and debit cards take up to 10 days to be processed, which is painfully slow compared to other brokers.

Beginner traders get a well-thought-out introduction to trading and high-quality research, and advanced traders benefit from a trading environment supportive of manual, algorithmic, social, and copy trading. Negative balance protection ensures traders cannot lose more than their deposit, but they must deploy proper risk management to avoid magnified trading losses. Certain products & services may or may not be available to all clients depending on which HFM Group entity their trading account(s) adheres to. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. US residents may open trading accounts at cashbackforexusa.com. Like most brokers, they charge triple swaps on Wednesdays to account for the weekend when markets are closed.

The broker has garnered significant attention on various review platforms, with Trustpilot being one of the primary sources of customer feedback. The broker operates globally but is restricted from offering services in certain countries due to regulatory requirements, sanctions, or other legal considerations. Considering this, the company offers customer support through several methods.

Market Analysis

While HFM does offer promotions, they are typically available to all eligible clients rather than being exclusive to specific partner codes. HFM operates a legitimate partner/affiliate program where partners can earn commissions by referring clients. Founded in 2010, HFM has built a global presence with multiple regulatory licenses and a comprehensive trading offering. HFM (HF Markets), formerly known as HotForex, is a well-established and regulated multi-asset broker with a strong reputation in the industry. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.

HFM Broker Review 2026: Comprehensive Analysis

HFM imposes limited non-trading fees, focusing mainly on account inactivity and currency conversions. HFM explicitly states that it is available for all traders, meaning every client can use the option. To provide a balanced perspective, let’s examine the advantages and disadvantages of trading with the HFM broker. The diverse account offerings ensure that you can start trading with tight spreads from 0.0 pips. The company provides a range of account types to suit different trading styles and experience levels. No commission for Forex pairs (except in Zero accounts)

Client Experiences

Furthermore, the platform hosts a Traders Hall of Fame, spotlighting individual traders with notable achievements. HFM has earned multiple recognitions in recent years across various aspects of the financial services sector. You can trade CFDs on over 1000 financial instruments. HF Markets offers a diverse range of trading instruments across various asset classes.

We work hard to offer you valuable information about all of the brokers that we review. Currency trading on margin involves high risk, and is not suitable for all investors. The minimum deposit is $5 for most payment processors, except for Skrill, SGD wire transfers, and PayRedeem, where it is $10, and bank wires, which require $100. The only application form typically takes less than 20 seconds to complete, asking for https://lunarcapital.space/ country of residence, e-mail, and the desired password, which grants access to the myHF back office. A direct line to the finance department where most issues may arise is missing, but phone support exists.

Regulation is the most important consideration when choosing a broker. The radar chart to the left shows how important each category is when calculating a broker’s final score. Support is available 24/5 in over 27 languages via email, live chat, and telephone. These webinars do not require an account at HFM, but you will need to register Webinars on current events, advanced trading strategies, and risk and money management are run every few days.

• HFM offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative.Average Trading Cost EUR/USD1.3 pipsAverage Trading Cost GBP/USD1.9 pipsAverage Trading Cost WTI Crude Oil$0.06Average Trading Cost Gold$0.27Average Trading Cost Bitcoin$76
• Depending on the trading strategy, it may become the most significant fee per trade.
• This gives you the ability to use leverage, which can amplify profits but also significantly increase potential losses.
• With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks.
• According to the data provided on the broker’s official website, there is a swap-free tradingoption available for select trading accounts and instruments.

HFM has established itself among the most competitive Forex brokers with a quality mix of products and services. HFM offers upgraded MT4/MT5 trading platforms and its proprietary mobile trading app. Clients can review the entire withdrawal conditions on the HFM website, where HFM transparently posts them.I like the trading environment at HFM for both beginner and advanced traders. Not all payment processors are available to every client, restricted by geographic location, and HFM sends withdrawals to clients via the deposit path and any access via bank wire. HFM does not ask unnecessary questions, the process is hassle-free, and the back-office user friendly.I like the trading environment at HFM for both beginner and advanced traders. The HFM Trader’s Board has data on how HFM clients trade and a lucrative partnership program is also available.A nine-member team provides additional market commentary and analytics.

The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Since HFM Group has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets (SV) Ltd. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. HFM also understands the importance of competitive regulation, leverage, and loyalty programs.

The MT5 mobile app supports live and demo accounts with full charting tools, pending and market orders, multiple indicators, timeframe analysis, and account overview. High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure HFM clients have a notable edge in financial markets. HFM offers a deposit bonus for each deposit, the HFM Traders Awards, and trading contests for live and demo accounts also exist. By DailyForex.com TeamThe DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. With more than 2,500,000 live accounts supporting 27+ languages, HFM understands the needs and requirements of profitable traders, for which I applaud and recommend them. HFM offers clients upgraded MT4/MT5 trading platforms, PAMM accounts, and a proprietary copy trading service.

The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” HFM offers a comprehensive educational suite that includes video courses, webinars, PDF guides, daily market analysis, and recorded lessons. The company offers a comprehensive suite of educational resources designed to cater to traders of all experience levels. Reliable and fast withdrawals, competitive trading conditions, user-friendly platforms, and educational resources are the key points of positive feedback.

HFM describes its products and services well, and it has plenty of videos and a well-structured FAQ section. Webinars, podcasts, and live events add a personalized touch and interactive educational experience. Guaranteed Stop LossScalpingHedgingOne-Click TradingOCO OrdersInterest on MarginHFM offer their proprietary online trading app, which is available for both Android and iOS. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HFM App.Overview of Trading PlatformsMT4MT5cTraderProprietary PlatformAutomated TradingDOM? They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. Trading with a regulated broker will limit the potential for fraud and malpractice.

While the overall sentiment is positive, potential clients should consider both praise and criticism when deciding. The website states that the brokerage typically replies to reviews within a week, and HFM has addressed all negative comments. Here’s a list of countries where HFM cannot provide its services. Providing several channels for clients to seek help is crucial in any online platform. The firm provides several promotional programs and bonuses to attract new clients and reward existing ones.