HFM Review: Regulation, Spreads & Leverage
STP/ECN/NDD broker based in Cyprus with MetaTrader 5, a $3 minimum deposit and leverage up to 1:1000.
- STP/ECN/NDD
- 1:1000 Leverage
Your money is at risk
In this HFM review
HFM overview: what kind of broker is it?
HFM is an STP/ECN/NDD forex and CFD broker based in Cyprus, founded in 2010. CySEC, FSB, FSC, MiFID.
Traders get MetaTrader 5, spreads from 0.0 pips, leverage up to 1:1000 and a low $3 minimum deposit. New clients can also check the current 100% Credit Bonus, 100% Super Charged Bonus.
Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures.
HFM broker specifications
Company and regulation
| Broker | HFM |
|---|---|
| Regulated by | CySEC, FSB, FSC, MiFID |
| Type of broker | STP/ECN/NDD |
| Country | Cyprus |
| Foundation year | 2010 |
| Website | Visit HFM website |
| Website languages | English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Malaysia, Arabic and More |
Trading conditions
| Minimum deposit | $3 |
|---|---|
| Maximum leverage | 1:1000 |
| Minimum spreads | 0.0 pips |
| Base currencies | USD, AED, EURO, AUD, GBP, CHF, JPY, NZD, CAD, Bitcoin |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | 100% Credit Bonus, 100% Super Charged Bonus |
|---|---|
| Welcome bonus | 100% Super Charged Bonus |
| Standard no deposit bonus | No |
Contact details
| Telephone | +44 2033185978 +44 1618840496 +44 2033183968 |
|---|---|
| support@hotforex.com tradingdesk@hotforex.com | |
| Fax | Not available |
| Head office | HF Markets (Europe) Ltd Spirou Kyprianou 50 Irida 3 Tower 10th Floor, Larnaca, 6057, CY |
HFM bonus
HFM promotes a 100% Credit Bonus, 100% Super Charged Bonus for new traders. It is a simple way to test the broker's MT5 execution, spreads and withdrawal process before you add more of your own money.
How to claim the HFM bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the HFM website before you claim.
HFM pros and cons
Pros
- Regulated: CySEC, FSB, FSC, MiFID
- 100% Credit Bonus, 100% Super Charged Bonus for new traders
- Low $3 minimum deposit
- Spreads from 0.0 pips, STP/ECN/NDD execution
- MetaTrader 5 on every device
- Islamic, mini, VIP and managed accounts
- 7 deposit and withdrawal methods incl. crypto
Cons
- 1:1000 leverage can wipe out an account fast
- Bonus comes with trading-volume rules
HFM account types
HFM offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $3 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
HFM trading platforms
HFM runs on MetaTrader 5, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
HFM deposit and withdrawal methods
The same 7 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Crypto
Is HFM safe and legit?
HFM is a regulated broker. CySEC, FSB, FSC, MiFID. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
HFM is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
Who should choose HFM?
Good fit for
- Traders who want MT5 and raw spreads
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
- You are new and tempted by very high leverage
HFM FAQ
Is HFM regulated?
Yes. CySEC, FSB, FSC, MiFID.
What is the HFM minimum deposit?
The minimum deposit to open a live HFM account is $3.
Does HFM offer a bonus?
HFM currently promotes a 100% Credit Bonus, 100% Super Charged Bonus for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at HFM?
Leverage goes up to 1:1000. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does HFM use?
HFM uses MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile MT4, Web Platforms and More Trading Platforms.
Does HFM offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at HFM?
You can use Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay and Bitcoin.