• Quality educational tools and in-house research for beginner traders
  • A competitive pricing environment in its commission-based account
  • Upgraded MT4/MT5 trading platforms and cutting-edge trading tools
  • Certain products & services may or may not be available to all clients depending on which HF Group entity their trading account(s) adheres to.

Reviewed broker: HFM (previously known as Hotforex)

Operated by: HF Markets Group, related website is

Established in 2010

Location: st. Vincent and the Grenadines, Johannesburg, Seychelles, Cyprus

Regulation: FCA Financial Conduct Authority (United Kingdom), DFSA Dubai Financial Services Authority, SCA Financial Sector Conduct Authority (South Africa), FSA Financial Services Authority (Seychelles), CMA Capital Markets Authority (Kenya)

Location: St. Vincent and the Grenadine

USA traders: not accepted

Trading Conditions and Features

Base currency: USD, EUR, NGN, JPY

Negative balance protection: yes

Execution: market execution

Expert advisors: allowed

Maximum leverage up to 1:2,000

Safety of client funds: segregated accounts

Trading Instruments: Forex, Metals, Energies, Indices, Stocks, Commodities, Bonds, ETFs, Cryptos

Languages: English, Spanish, Italian, French, German, Russian, Portuguese, Greek, Polish, Hungarian

HFM enables you to trade a variety of pairs consisting of Bitcoin, Ethereum, Litecoin and Dashcoin

One Click Trading execution available

Spread types: variable, fixed

Islamic swap free accounts: available

Typical spread starts from 2.5 pips 

Minimum trade size: 0.01 lot

Margin call level: 50%

Stop out level: 20%

Scalping: allowed

Hedging: allowed

VPS hosting: paid services available

Account types

Spreads Types:VariableVariableVariableVariableVariable
Spreads Pips:From 1.2 pipFrom 0 on ForexFrom 0.6 pipFrom 1.2 pipFrom 1.4 pip
Contract Size:1 lot = 1000 units1 lot = 100 000 units1 lot = 100 000 units1 lot = 100 000 units1 lot = 100 000 units
Minimum deposit:$1$1$100/₦50,000 / €100 / ¥13,000$1$1
Minimum trade size (Lots):0.01 Lot0.01 LOT (1,000 units of base currency)0.01 Lot0.01 Lot0.01 Lot
Maximum Leverage: 1:20001:20001:20001:20001:1000
Trade size increment:
Maximum Total Trade Size (Lots):200 Cent Lots per position / 500 Cent Lots account total60 Standard lots per position60 Standard lots per position60 Standard lots per position60 Standard lots per position
Max Simultaneous Open Orders:150500500500500
Margin Call:50%50%50%50%50%
Stop Out Level:20%20%20%20%20%
Market Execution:yesyesyesyesyes
Personal Account Manager:yesyesyesyesno
Fifth Decimal:yesyesyesyesyes
Telephone Trading:yesyesyesyesno
Commission for forex pairs:noyesnonono
Flexible Bonus Offerings:nonononono
Personalised Service:noyesyesnono
Islamic accountyesyesyesyesno

Trading Platforms


The HFM App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App.

From beginner to advanced, the HFM App contains everything you need to trade the financial markets with confidence.

  • Open, close and modify positions.
  • Securely access and manage multiple accounts.
  • Add instruments to your Favourites to seize market opportunities.
  • Make more informed trading decisions with charting tools and popular indicators.
  • Get real-time quotes and market-moving news.
  • Access 24/5 multilingual support.


HFM offers Contracts For Difference (CFDs) trading on multiple financial instruments through the world’s most popular trading platform MetaTrader 4.

With an easy-to-use interface, advanced functionality and ultra-fast execution, MetaTrader 4 accommodates the demands of experienced and novice traders alike.

Discover unique MetaTrader 4 features and a wide range of analytical opportunities to enhance your trading experience.

  •  Over 50 indicators and tools
  •  9 different timeframes
  •  One click trading
  •  User-friendly interface
  •  Pre-programmed analytical tools
  •  Multiple pending order types


HFM offers multi-asset trading through the world’s most advanced next generation online trading platform MetaTrader 5.

MetaTrader 5 provides beginner and professional traders with a whole series of even more superior tools and advanced features to take the maximum advantage of any market situation.

Discover outstanding features and capabilities to enhance your trading experience.

  •  Over 80 indicators and tools
  •  21 different timeframes
  •  One click trading
  •  Built-in economic calendar
  •  Ability to display 100 charts simultaneously
  •  All order types supported
  •  Hedging allowed
FeatureMT4MT5HFM Platform
Trade within the HFM App
Timeframes921Through MT5
Technical Indicators3038
Analytical Objects3144
Built-in Economic Calendar
Platform Speed32 bit, mono-threaded64 bit, multi-threaded
Pending Order Types46
Ability to create your own technical indicators and Expert Advisors using MQL5 language
Expert Advisors on desktop terminal
Order ExecutionMarket ExecutionMarket ExecutionMarket Execution
Strategy TesterSingle threadMulti threadedMulti threaded

Payment Methods

Minimum deposit requirement: $5

Payment methods: credit cards, Skrill, Unionpay, Neteller, wire transfer, Webmoney , Fasapay, Bitcoin

Educational Resources and Bonuses

Educational material: daily market analysis, weekly live webinars

Promotions and bonus offers:


  • Applies to every transfer to the account
  • Bonus up to $5000
  • Available to all clients
  • Profits withdrawable


The HFM Gadget Giveaway is YOUR chance to win one of the coolest gadgets available on the market! Simply follow us on our social media channels to be notified about our next FREE contest and enter for the chance to be one of this year’s lucky winners!

Customer Support and Educational Material

Customer support: email, phone, live chat

HFM maintains a valuable educational section for beginners. I recommend new traders begin with the Forex education videos. The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch and interactive educational experience. HFM also partnered with Blue Sky Forex for free webinars, enhancing the overall approach to educating beginner traders.

How was the rating of HFM performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on HFM broker performance and features. 

Overall our online Hot forex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Hotforex or you find inaccurate details HFM broker review please get in touch with us and the changes will be applied. 

© 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.