HFM Review

Previously known as HotForex, HFM has grown to become a significant global broker. This 2025 review is designed to give you a clear and simple understanding of their services, focusing on their pricing, the regulations they follow, and what other traders have to say about their experience.

Live Spreads: How HFM Manages Trading Fees

A fundamental cost of trading is the spread, the small gap between the buy and sell prices of an asset. HFM offers different accounts that handle this cost in two main ways. The Premium account is commission-free, as the broker's fee is included within the spread itself. The Zero Spread account, popular with active traders, provides very narrow spreads but adds a fixed commission charge per trade.

Our live data, as seen in the table above, often highlights the competitive nature of HFM's pricing, with their Zero account frequently noted for its low costs on major currency pairs. To create your own comparison of HFM against other brokers or for different assets, you can use the orange 'Edit' button.

4.1

(104 )

Ranked 101 out of 1782 (Forex Brokers)

This rating is based on 75 reviews by users that proved they are real customers of this company.All reviews undergo significant human and technical moderation.Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

HFM Overall rating

	Rating	Weight
User rating	4.1 (104 reviews)	3
Popularity	5.0	3
Regulation	5.0	2
Pricing rating	4.5	1
Features	Not rated	1
Customer Support	Not rated	1

The overall ratings for HFM on Cashbackforex.com are very strong, reflecting positive user feedback and a top-tier score for their regulatory standing. Established in 2010, HFM has built a solid reputation in the industry. Their high scores for pricing and platform availability align well with user comments regarding their low costs and excellent trading tools. They operate as a privately held company.

Regulation: Globally Regulated Including UK FCA, CySEC, AE DFSA

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
HF Markets (Europe) Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
HF Markets (UK) Ltd	United Kingdom - UK FCA		up to £85,000			30 : 1
HF Markets SA (PTY) Ltd	South Africa - ZA FSCA					1000 : 1
HF Markets (DIFC) Ltd	United Arab Emirates - AE DFSA					50 : 1
HF Markets (Seychelles) Ltd	Seychelles - SC FSA					1000 : 1
HFM Investments Ltd	Kenya - KE CMA					400 : 1
HF Markets (SV) Ltd Saint Vincent and the Grenadines						2000 : 1

HFM operates with a strong regulatory foundation, holding authorisations from several respected authorities around the world. These include leading regulators such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), as well as the DFSA (Dubai), FSCA (South Africa), FSA (Seychelles), and the CMA (Kenya).

This multi-entity approach means that the rules and protections you receive depend on the specific entity your account is with. For instance, retail clients under FCA or CySEC regulation operate with leverage limits on major forex pairs and may be eligible for compensation schemes like the UK's FSCS (up to £85,000) and CySEC ICF (up to €20,000). Clients under other entities like the FSA in Seychelles may be offered much higher leverage but will not have access to equivalent government-backed compensation schemes.

Available Assets: Huge Selection, Including Cryptos, Shares and ETFs

HFM provides its clients with access to a very extensive range of financial markets. Their offering includes a broad selection of foreign exchange pairs, CFDs on global stock indices, energy products like oil, precious metals such as gold and silver, bonds, a variety of digital currencies, and a large portfolio of international company shares and ETFs.

The live symbol search tool provided above allows you to explore their full product list. It's important to know that these instruments are mainly traded as CFDs (Contracts for Difference). This enables you to trade on price fluctuations using leverage, a facility that also inherently increases the level of risk involved.

Live Swap Rates: Competitive Costs for Holding Trades Overnight

When you hold trading positions open overnight, swap rates, also known as rollover fees, are applied. These are daily financing adjustments that can be either a credit or a debit to your trading account, depending on the instrument and market conditions. The swap rates offered by HFM are generally considered to be competitive.

In line with standard industry practice, they apply a triple swap charge on Wednesdays to account for the financing of positions over the weekend. The data shown in the table above is sourced from live accounts using our swap rate analysis tool. To compare HFM's swap charges with other brokers or for different symbols, you can click the orange 'Edit' button.

Trading Platforms: Extensive Choice with HFM App, MT4 & MT5

A key strength of HFM is its outstanding selection of trading platforms. Clients can choose from the global industry standards MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and their own HFM App for mobile devices. This extensive selection ensures that nearly every type of trader can find a platform that suits their needs.

Deposits/Withdrawals: Supporting Crypto and Multiple Currencies

HFM provides a broad range of methods for funding your account and making withdrawals. These options include traditional bank transfers, major credit and debit cards, popular e-wallets such as Skrill and Neteller, cryptocurrencies (with availability that can depend on your region and the specific entity), and a variety of local payment solutions.

HFM generally does not apply its own fees for deposits or withdrawals. It is important to be aware that third-party payment providers or *intermediary banks may apply their own service charges. Also, expect **crypto network fees applied to your deposit/withdrawal. For the most current and accurate information on available methods and any potential fees, you should always check the official HFM website.

Leverage: Up to 1:2000 via Offshore Licensing

The maximum trading leverage that HFM offers depends on the specific regulatory authority that oversees your account. Clients who are registered under more stringent regulators like the FCA (UK) or CySEC (Cyprus) will usually find their leverage is capped at 1:30 for major foreign exchange pairs, in accordance with retail client protection regulations.

Accounts that are regulated by the FSA in Seychelles can often provide access to much higher leverage, potentially as high as 1:2000. While using higher leverage can increase your potential returns from a smaller initial capital, it also equally magnifies the risk of losses, which requires a robust approach to risk management.

HFM Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

The HFM profile on Cashbackforex.com provides a detailed overview of the broker. It outlines the available base currencies for your account, lists the various methods for deposits and withdrawals, and indicates the languages they support. You can also find important information regarding the safety of client funds, their regulatory authorisations, and a list of countries from which they do not accept clients.

HFM Promotions

Free Account Funding

20% Top-Up Bonus (HF Markets SV)

Zero Fees on Deposits & Withdrawals

HFM often has promotional offers available for their clients. These can include deposit bonuses and trading contests. Because promotions and the criteria for eligibility can change, you should always visit the official HFM website to see the full terms and conditions before you decide to participate in any offer.

HFM Cashback rebates

	Zero Spread	Pro	Premium	PAMM Client accounts (Premium)	PAMM Client accounts (Premium Plus)	Crypto CFD
Forex	$2.00 Per Lot		Up to $14.00 Per Lot	$1.00 Per Lot		-
Oil / Energies	$0.50 Per Lot		$0.50 Per Lot	$0.25 Per Lot		-
Metals	Gold $3.50 Per Lot		Up to $6.00 Per Lot	$1.00 Per Lot		-
Shares / Equities	MT4 - $0.50 MT5 - $0.005 Per Lot			$0.25 Per Lot		-
Indices	$0.50 Per Lot		$0.50 Per Lot	$0.25 Per Lot		-
Cryptocurrencies	$0.50 Per Lot		$0.50 Per Lot	-		Up to $100.00 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Zero Spread
Forex	$2.00 Per Lot
Oil / Energies	$0.50 Per Lot
Metals	Gold $3.50 Per Lot
Shares / Equities	MT4 - $0.50 MT5 - $0.005 Per Lot
Indices	$0.50 Per Lot
Cryptocurrencies	$0.50 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Pro
Forex	$2.00 Per Lot
Oil / Energies	$0.50 Per Lot
Metals	Gold $3.50 Per Lot
Shares / Equities	MT4 - $0.50 MT5 - $0.005 Per Lot
Indices	$0.50 Per Lot
Cryptocurrencies	$0.50 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Premium
Forex	Up to $14.00 Per Lot
Oil / Energies	$0.50 Per Lot
Metals	Up to $6.00 Per Lot
Shares / Equities	MT4 - $0.50 MT5 - $0.005 Per Lot
Indices	$0.50 Per Lot
Cryptocurrencies	$0.50 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM Client accounts (Premium)
Forex	$1.00 Per Lot
Oil / Energies	$0.25 Per Lot
Metals	$1.00 Per Lot
Shares / Equities	$0.25 Per Lot
Indices	$0.25 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM Client accounts (Premium Plus)
Forex	$1.00 Per Lot
Oil / Energies	$0.25 Per Lot
Metals	$1.00 Per Lot
Shares / Equities	$0.25 Per Lot
Indices	$0.25 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Crypto CFD
Cryptocurrencies	Up to $100.00 Per Lot
Payment Options	Direct to broker account (After $1) Cash back is credited directly to your broker account daily when accumulated earnings exceed $1.00. Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

How much HFM rebates can I earn?

Use our forex rebate calculator to estimate your HFM rebate earnings:

Instrument

EUR/USD

Deposit currency

US Dollar

AllForexCrypto

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Forex pairs are 100,000 units per 1 lot

Units per 1 lot vary on non-forex pairs, please check with your broker

In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
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