HFM Review
Formerly HotForex - Multi-Regulated Since 2010
HFM is a multi-regulated forex and CFD broker serving 3.5+ million clients since 2010. Regulated by CySEC, FCA, DFSA, FSCA, CMA, and FSA, it offers 1200+ instruments, zero spread accounts, and HFcopy social trading. Note: US clients not currently accepted.
Quick Stats
HFM currently does not accept clients from the United States. This review is provided for informational purposes. If you're a US trader looking for offshore brokers that accept US clients, please check our broker comparison page for alternatives like MidasFX, Hankotrade, or LMFX.
⚡Quick Facts
HFM Bonuses & Promotions
Take advantage of these exclusive offers to maximize your trading potential
100% Deposit Bonus
Double your trading capital with HFM's flagship bonus program.
- •Minimum deposit: $250
- •Maximum bonus: $50,000
- •Trading volume requirements apply
- •Available on Micro, Premium, and Zero Spread accounts
50% Welcome Bonus
New traders get 50% extra on their first deposit.
- •Minimum deposit: $50
- •For new clients only
- •One-time bonus on first deposit
- •Withdrawal conditions apply
Shield 500 Bonus
Protection bonus for your first deposit.
- •Available on first deposit
- •Up to $500 bonus
- •Risk protection feature
- •Terms and conditions apply
ROFM (Return on Free Margin)
Earn 2-3% annual return on your free margin balance.
- •Automatic enrollment for eligible accounts
- •Calculated daily, paid monthly
- •2-3% annual percentage rate
- •No trading volume required
* Bonuses are subject to terms and conditions. Trading bonus funds involves risk. Please read full terms before participating.
How to Open a HFM Account
Get started with HFM in minutes. Follow these simple steps to begin trading.
Visit HFM Website
Click our link to go to HFM's official registration page with exclusive benefits.
Fill Registration Form
Enter your email, create a password, and provide basic personal information.
Verify Your Identity
Upload ID document and proof of address. HFM's verification is usually completed within 24 hours.
Fund Your Account
Choose from 20+ payment methods including crypto. Most deposits are instant.
Start Trading
Download MT4, MT5, or use the HFM mobile app. Access 1200+ instruments instantly.
Pros & Cons
Advantages
- Multi-regulated broker (CySEC, FCA, DFSA, FSCA, CMA, FSA)
- Award-winning broker since 2010 (60+ awards)
- Zero spread accounts available
- High leverage up to 1:2000
- No minimum deposit required
- Copy trading via HFcopy platform
- 1200+ trading instruments
- Both MT4 and MT5 platforms
- Negative balance protection
- Free VPS for qualified traders
- Extensive educational resources
- 24/5 multilingual support
Disadvantages
- ✕US clients NOT currently accepted
- ✕Inactivity fees ($5/month after 6 months)
Despite the limitations above, HFM remains a top choice — verified by thousands of real trader reviews and consistent trading conditions.
Takes 2 minutes · No hidden fees
Ready to trade with HFM?
$0 min deposit · 1:2000 leverage
Account Types
Cent Account
Premium Account
Pro Account
Zero Spread
HFcopy Account
Detailed Ratings
Zero spreads, 1:2000 leverage
MT4, MT5, HFM App
24/5 multilingual support
Multiple free options
6x regulated, 60+ awards
Deposit & Withdrawal Methods
| Method | Deposit Time | Withdrawal Time | Fee |
|---|---|---|---|
Credit/Debit CardRecommended | Instant | 1-3 days | Free |
Bank Wire Transfer | 2-5 days | 2-5 days | Free |
Skrill | Instant | 24 hours | Free |
Neteller | Instant | 24 hours | Free |
Bitcoin (BTC)Recommended | 10-60 min | 10-60 min | Free |
USDT (Tether)Recommended | 10-30 min | 10-30 min | Free |
FasaPay | Instant | Instant | Free |
WebMoney | Instant | 24 hours | Free |
HFM vs Competitors
See how HFM compares to other popular brokers
| Feature | |  |  |
|---|---|---|---|
| US Clients Accepted | ✗ | Yes ✓ | Yes ✓ |
| Minimum Deposit | $0 | $10 | $10 |
| Maximum Leverage | 1:2000 | 1:1000 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips | 0.0 pips |
| Trading Platforms | MT4, MT5 | MT5 | MT4, MT5 |
| Copy Trading | Yes (HFcopy) ✓ | ✗ | ✗ |
| Crypto Deposits | Yes ✓ | Yes ✓ | Yes ✓ |
| Regulation | CySEC, FCA + 4 more | FSA (SVG) | FSA (SVG) |
| Open Account | Open Account | Open Account | Open Account |
Community Feedback
Based on 9,200+ Trustpilot reviews
Common Praise
- +Fast execution and competitive spreads
- +Multiple regulation provides security
- +Wide range of trading instruments
- +Copy trading feature (HFcopy) praised
- +Good educational resources
Common Concerns
- -US clients not accepted
- -Some withdrawal delays reported
- -Inactivity fees apply
Frequently Asked Questions
No, HFM currently does not accept clients from the United States. US traders looking for offshore brokers should consider alternatives like MidasFX or Hankotrade which do accept US clients.
Looking for a US-Friendly Alternative?
HFM doesn't accept US clients.
Hankotrade is our #1 pick for US traders — zero spreads, $10 min deposit, crypto deposits.
Write a Review for HFM
Open Your HFM Account Today
Start trading with $0 minimum deposit.
Takes 2 minutes · No hidden fees · Crypto deposits accepted
HFM currently does not accept clients from the United States. This review is provided for informational purposes. If you're a US trader looking for offshore brokers that accept US clients, please check our broker comparison page for alternatives like MidasFX, Hankotrade, or LMFX.
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