HFM in 30 seconds
HFM is an independent STP/ECN/NDD forex broker founded in 2010 and licensed by CySEC. Its main selling points are a $5 minimum deposit, spreads from 0.0 pips on EUR/USD with no commission and leverage up to 1:1000 on MT4 & MT5.
It suits small-account traders, cost-sensitive traders, scalpers and Expert Advisor users. The trade-off is no segregated accounts listed, so it is best used with money you can afford to put at higher counterparty risk.
Broker Information
Company details, support channels and the languages the HFM website supports.
| Headquarter | Business Addresses HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines |
|---|---|
| Broker Type | STP/ECN/NDD |
| Broker Status | Independent Broker |
| Accept U.S Clients | No |
| Live Chat | Yes |
| Phone | +44 2033185978 +44 1618840496 +44 2033183968 |
| Fax Number | +44 2035141444 |
| support@hotforex.com tradingdesk@hotforex.com | |
| Website Languages |
Account Information
What you need to open an account, which currencies you can hold, and how you can fund it.
| Free Demo Account | Yes |
|---|---|
| Min. Deposit | $5 |
| ECN account | Yes |
| Account Currencies | USD, EUR, PLN, ZAR, NGN |
| Maximum Leverage | 1:1000 |
| Minimal Order Volume | 0.01 |
| Segregated accounts | No |
| Swap-free Accounts | Yes |
| MAM/PAMM accounts | Yes |
| Managed account | Yes |
| Interest on margin | Yes |
| Deposit/ Withdraw Options |
Trading Terms
Platforms, pricing, permitted strategies and the markets you can trade with HFM.
| Trading Platforms | |
|---|---|
| Precision pricing | 5 digits |
| Type of Spread | FIXED and Variable |
| Commission | None |
| Lowest spread on EURUSD | 0.0 pips |
| Scalping | Yes |
| Hedging | Yes |
| Expert Advisors | Yes |
| One-click execution | Yes |
| OCO orders | Yes |
| Mobile Trading | Yes |
| Web Trading | Yes |
| Gold, Silver | Yes |
| CFDs | Yes |
| Other Trading Instruments | Forex, Cryptocurrencies, Metals, Commodities, Spot, Oil, CFDs, Indexes, Shares, Indices |
| Promotion | 100% Instant Rebate Credit Bonus, 30% Rescue Bonus Programm, 100% Super Charged Bonus |
| Trading Contests | Yes |
HFM Pros and Cons
What we like
- Very low $5 minimum deposit
- Spreads from 0.0 pips on EUR/USD with no commission listed
- Both MT4 and MT5 on desktop, web and mobile
- Scalping, hedging and Expert Advisors allowed
- Swap-free, MAM/PAMM and managed accounts
- Website and support in 20 languages
What to watch
- Segregated client accounts not listed
- Leverage up to 1:1000 can wipe out small accounts fast
- Does not accept U.S. residents
Is HFM Safe and Regulated?
According to its profile, HFM is cySEC, FSB, FSC, MiFID. Licensed brokers must follow capital, reporting and client-money rules set by their regulator, which gives traders an extra layer of protection.
How to keep your risk low
- Start with the free demo account, then fund a small live account.
- Withdraw profits regularly instead of building a large balance at one broker.
- Use leverage of 1:100 or lower until you have a tested strategy.
- Check the licence on the CySEC register before depositing.
How to Open an HFM Account
Register
Click Open Live Account and sign up with your name, email and phone number.
Verify
Upload an ID document and proof of address to complete KYC verification.
Choose a platform
Pick MT4 or MT5, your account currency (USD, EUR, PLN, ZAR, NGN) and your leverage.
Fund & trade
Deposit from $5 with a card, e-wallet or bank wire, then log in and place your first trade.
HFM Bonus and Promotions
Our listing records 100% Instant Rebate Credit Bonus, 30% Rescue Bonus Programm, 100% Super Charged Bonus and regular trading contests at HFM. Bonuses usually come with trading-volume conditions and cannot always be withdrawn, and promotions change often — always read the current terms on the broker's site first.
Looking for free credit without depositing? See our updated forex no deposit bonus list or the latest forex deposit bonus offers.
Who Is HFM Best For?
Small-budget traders
A $5 deposit and 0.01 lot trades let you go live with very little capital.
Scalpers & EA users
Spreads from 0.0 pips and full Expert Advisor support suit fast strategies.
Copy & managed investors
MAM/PAMM and managed accounts let you follow a money manager.
HFM vs Similar Brokers
How HFM compares with other featured brokers on ForexAllNews.
HFM FAQ
Is HFM a regulated broker?
Yes. CySEC, FSB, FSC, MiFID. Always confirm the licence on the regulator's own register.
What is the HFM minimum deposit?
The listed minimum deposit is $5. That makes HFM one of the lowest-cost ways to open a live forex account.
What is the maximum leverage at HFM?
HFM offers leverage of up to 1:1000. High leverage magnifies both profits and losses, so beginners should use a much lower ratio.
Which trading platforms does HFM offer?
MT5 for Desktop, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, MT4 Desktop, MT4 Multi Terminal, MT4 WebTrader, MT4 iPhone Trader, MT4 iPad Trader, MT4 Android Trader, MT4 Smartphone Trader.
Does HFM accept US clients?
No. HFM does not accept clients from the United States.
Does HFM allow scalping, hedging and Expert Advisors?
Scalping: allowed. Hedging: allowed. Expert Advisors: allowed.
Does HFM offer swap-free Islamic accounts?
Yes. Swap-free accounts are available for traders who cannot pay or receive overnight interest.
Does HFM have a bonus?
Our listing records the promotion "100% Instant Rebate Credit Bonus, 30% Rescue Bonus Programm, 100% Super Charged Bonus" and trading contests. Bonus offers change often, so always check the current terms on the HFM website before depositing.
Risk warning: Forex and CFD trading with leverage carries a high level of risk and may not be suitable for all investors. You could lose more than your initial deposit. Broker details on this page come from our listing and may change — confirm all conditions on the official HFM website before trading.