HFM (HotForex) review: the verdict.
Based on hard data only. No outside rating with enough reviews was available.
I trade standard lots of EUR/USD a month.
Who licenses HFM (HotForex).
Licences as HFM (HotForex) lists them. A tick means we found the entity on the regulator's own register.
| Regulator | Tier | Entity | Licence no. | On register |
|---|---|---|---|---|
| FCA | TIER 1 | HF Markets (UK) Ltd | FRN 801701 | Not yet checked |
| FSA-SC | OFFSHORE | HF Markets (Seychelles) Ltd | — | Not yet checked |
| FSCA | TIER 2 | HF Markets SA (Pty) Ltd | — | Not yet checked |
Published EUR/USD costs.
| Account | Spread | Commission | Cost / lot |
|---|---|---|---|
| Premium | — | $0 | — |
| Pro | — | $0 | — |
| Cent | — | $0 | — |
| Zero from | 0 pip | — | — |
| InfinityX | — | $0 | — |
Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.
The fine print.
Traded with HFM (HotForex)? Prove it.
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- website: www.hfm.com/int/en/
- accounts: www.hfm.com/int/en/
- platforms: www.hfm.com/int/en/
- regulators: www.hfm.com/int/en/
- trustpilot: www.trustpilot.com/review/hfm.com
- copy trading: www.hfm.com/int/en/
- max leverage: www.hfm.com/int/en/
- islamic account: www.hfm.com/int/en/
- min deposit usd: www.hfm.com/int/en/
- regulators list: www.metatrader5.com/en/find-broker/hfm
- restricted countries note: www.hfm.com/int/en/
Research notes: Only hfm.com/int/en/ homepage loaded; account-types pages returned client errors. Max leverage 1:2000 on Zero/Pro/Premium; InfinityX advertised as 'unlimited' leverage. Min deposit $0 refers to Premium account ('no minimum deposit'). Zero account: spreads from 0.0 with commission, figure not shown - null. EUR/USD-specific spreads not published on homepage. Islamic = swap-free account types listed. Footer lists Seychelles (reg 8419176-1) and South African entities without licence numbers; FSA-SC/FSCA/CMA regulation confirmed only via MT5 broker directory - licence numbers null. CMA (Kenya) entity not named on pages opened, not recorded. Also HF Markets (SV) Ltd (SVG IBC, no licence). Trustpilot score withheld for guideline breach; count only. Note UAE residents restricted. MT5 directory: 'since 2010' (not a confirmed founding year).
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