HFM

About HFM

HFM, formerly known as HotForex, is a broadly regulated broker founded in 2010 and headquartered in Port Louis, Mauritius. It is known for low entry requirements, offering zero and cent accounts alongside a wide instrument range.

The broker holds an unusually broad set of authorisations, regulated by the UK's FCA, Cyprus's CySEC, South Africa's FSCA, Dubai's DFSA, the FSC in Mauritius and Kenya's CMA.

Trading is offered on MetaTrader 4, MetaTrader 5 and the HFM Platform, covering forex, indices, commodities, metals, shares, bonds and crypto CFDs. There is no minimum deposit; the Zero account offers EUR/USD spreads from 0.0 pips plus a per-lot commission, while Premium accounts are spread-only from around 1.0 pip. Retail leverage is capped at 1:30 in the EU/UK, rising to as much as 1:2000 through offshore entities.

HFM suits traders who want broad regulation, a low entry point and a wide market range on MetaTrader, though it does not offer cTrader or TradingView and leans on bonus-driven promotions. It holds a FinPip rating of 3.9 out of 5.