HFM Markets, previously known as HotForex, is a top-notch broker. It offers a wide variety of assets to trade, such as currencies, metals, energy products, stock indices, individual stocks, bonds, exchange-traded funds, cryptocurrencies, and commodities. HFM is committed to client satisfaction and provides easy-to-use trading platforms and excellent customer service. To learn more about HFM Markets, including its strengths and weaknesses, you can read our detailed review.

HFM Markets is a well-known forex broker that is committed to educating traders. They have a great online learning platform with many resources. These resources include videos, webinars, and online courses. Traders of all levels, from beginner to advanced, can learn about forex trading, technical analysis, fundamental analysis, and risk management.

Is HFM Legit?

Yes. HFM is regulated by multiple regulatory authorities, including FCA in UK, DFSA in UAE, and FSA in Seychelles.

Market Instruments

HFM offers a diverse range of 500+ CFDs on Forex, Commodities, Metals, Bonds, Energies, ETFs, Indices, Cryptos, and Stocks. This extensive offering provides traders with a wide range of investment opportunities and the ability to diversify their portfolio.

Account Types

HFM indeed offers a range of accounts to suit various trading styles and levels. They provide the option of Cent, Zero, Pro, and Premium accounts, catering to both novice and experienced traders.

Leverage

HFM offers a maximum leverage of up to 1:2000, which can be an attractive feature for traders looking to maximize their potential profits with a smaller investment. This high leverage also provides greater market exposure and trading opportunities, allowing traders to take advantage of price movements in various markets.
However, it is important to note that high leverage also comes with high risk and potential losses. Traders must exercise proper risk management and discipline to avoid margin calls and account liquidation. While this feature may attract experienced traders, it may not be suitable for all, especially beginners or those with limited capital.

Spreads & Commissions

HFM caters to different trading preferences with variable spreads across its account types.

Trading Platforms

HFM offers multiple trading platforms including the popular MetaTrader4 and MetaTrader5 platforms as well as their proprietary HFM Trading App.

Deposits & Withdrawals

HFM indeed provides a variety of options to make deposit and withdrawal processes simple and flexible for its customers. They accept UnionPay (only withdrawal), Wire Transfer, MasterCard, Visa, Crypto, Fasapay, Neteller, Skrill.
The minimum deposit or withdrawal limit is quite low, set at $5 for most payment methods, which makes it convenient for traders of all sizes. They also ensure cost-effectiveness by not charging for most deposits and withdrawals.

Customer Service

HFM offers multiple avenues of customer support to ensure all client queries and concerns are attended to. The live chat feature on their platform allows for real-time assistance, alongside a contact form for more comprehensive inquiries.