FXBrokerTrust
HFM

HFM

Compliant
Company Name
HFM
Headquarters
Cyprus
Founded
Founded in 2010
  • FCA
  • CySEC
  • CMA
  • FSA
  • FSC
Overall Score
7.8/10
Min Deposit
$5
Max Leverage
1:2000
EUR/USD Spread
0.1 pips
Trading Platforms
MT4, MT5, HFM App
Withdrawal Speed
1-3 business days

Overview

HFM (formerly HotForex) is a Cyprus-based forex and CFD broker founded in 2010. Regulated by FCA, CySEC, FSC(Mauritius), and CMA, HFM is known for its ultra-low minimum deposit of $5, high leverage up to 1:2000, zero spread account option, and a diverse range of account types including PAMM and copy trading accounts.

Basic Information

Company Name
HFM
Founded
Headquarters
Cyprus
Official Website
https://www.hfm.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares, Energies
Account Types
Micro, Premium, Zero Spread, Auto, PAMM

Regulation

Regulatory licenses and compliance status of this broker

  • FCAVerified

    FCA · License Number FRN 801701

  • CySECVerified

    CySEC · License Number CySEC 183/12

  • CMAVerified

    CMA · License Number CMA/PL/172/2021

  • FSAVerified

    FSA · License Number SD015

  • FSCVerified

    FSC · License Number C110008608

Trading Conditions

Trading Conditions

Min Deposit
$5
Max Leverage
1:2000
EUR/USD Spread
0.1 pips
Trading Platforms
MT4, MT5, HFM App
Account Types
Micro, Premium, Zero Spread, Auto, PAMM

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • UnionPay
Deposit SpeedInstant
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-3 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
7.5
Trading EnvironmentWeight 20%
8.0
Fund SafetyWeight 15%
7.5
User ReputationWeight 15%
7.8
Platform FeaturesWeight 10%
7.8
Customer ServiceWeight 10%
8.0

Pros & Cons

Pros

  • Ultra-low minimum deposit of just $5
  • High leverage up to 1:2000
  • Zero Spread account available
  • PAMM managed account options
  • Multiple regulatory licenses (FCA, CySEC, CMA)

Cons

  • Market Maker execution on some accounts
  • Bonus terms have strict conditions
  • Withdrawal processing can be slow at times
  • No cTrader or proprietary desktop platform
  • Research and education could be more comprehensive