HFM (HotForex)
HFM (formerly HotForex), active since 2010, holds CySEC, FCA, FSCA and DFSA licences and offers a wide range of accounts plus the HFcopy service.
Leveraged trading carries a high level of risk and you may lose all of your capital.
Key facts
- Trading platforms
- MT4MT5HFM AppWeb
- Account types
- CentPremiumProZero
- Instruments
- ForexMetalsEnergiesIndicesStocksBondsCommoditiesCrypto
- Deposit & withdrawal
- Bank CardBank TransferE-walletsCrypto
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.3
- Fees & Costs4.2
- Platform & UX4.2
- Deposit & Withdrawal4.4
- Support4.2
- Features & Range4.2
Full review
HFM, known as HotForex until 2022, was founded in 2010, and the HF Markets group is now a major FX/CFD broker across Africa, Asia and the Middle East.
HF Markets (Europe) is licensed by CySEC (183/12), HF Markets (UK) by the FCA (801701), with further entities in South Africa (FSCA), Dubai (DFSA), Kenya (CMA) and Seychelles (FSA, SD015). International clients are mostly onboarded offshore, where leverage up to 1:2000 is available.
HFM offers Cent, Premium, Pro and Zero accounts; Zero has spreads from 0.0 plus commission and the others are commission-free. MT4, MT5 and the HFM app are supported, and HFcopy lets clients follow other traders' strategies.
Minimum deposits are zero or very low on most accounts, and funding includes cards, bank transfer, e-wallets and crypto. HFM does not accept residents of Iran.
Last updated: Oct 6, 2026
Pros & cons
- Multiple licences including FCA and CySEC
- HFcopy copy trading
- Accounts from Cent to Zero
- Very low minimum deposits
- Broad instrument range
- International clients via offshore entity
- Many account types can be confusing
- Does not accept residents of Iran
- No cTrader
Licences & regulation
Tier 1 means the strictest oversight.
| Regulator | Authority | Tier | Licence no. |
|---|---|---|---|
🇨🇾CySEC Cyprus Securities and Exchange Commission | Cyprus Securities and Exchange Commission | Tier 1 | 183/12 |
🇬🇧FCA Financial Conduct Authority | Financial Conduct Authority | Tier 1 | 801701 |
🇿🇦FSCA Financial Sector Conduct Authority | Financial Sector Conduct Authority | Tier 2 | 46632 |
🇦🇪DFSA Dubai Financial Services Authority | Dubai Financial Services Authority | Tier 2 | F004885 |
🇰🇪CMA Capital Markets Authority (Kenya) | Capital Markets Authority (Kenya) | Tier 2 | 155 |
🇸🇨FSA-SC Financial Services Authority Seychelles | Financial Services Authority Seychelles | Tier 3 | SD015 |
User reviews
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