HFM (HotForex) UPI deposit: does it work in India?
Data as of 2026-10-24, from HFM (HotForex)'s own site and the sources on its full review. RBI list: RBI press release 2025-2026/1530, 19 Nov 2025.
Can I deposit to HFM (HotForex) with UPI?
Not confirmed. HFM (HotForex) offers Indian rupee bank transfers (INR bank transfer (deposit), IMPS) but we haven't confirmed UPI itself.
Can I withdraw from HFM (HotForex) to my Indian bank account?
HFM (HotForex) publishes: Processed same business day; e-wallets within 1 day, cards 1-3 days, bank wire 1-4 days. Methods: INR bank transfer (deposit), IMPS, Bank wire, Visa/Mastercard, Skrill, Bitcoin, USDT.
Is it legal to fund HFM (HotForex) from India?
HFM (HotForex) is on the RBI Alert List of unauthorised forex platforms (list of 19 Nov 2025). Under FEMA, Indian residents may trade forex only in permitted forms on authorised platforms.
Which forex brokers accept UPI?
Brokers where we've confirmed UPI include Exness, Octa (OctaFX), XM, STARTRADER, Xellion Markets. Check each one's RBI Alert List status before funding.