HFM User Reviews
- Account funding with crypto available.
- Offers MT4, MT5, and a proprietary HFM App.
- Account conditions verified through live testing.


Beyond my professional endeavours, I am deeply passionate about researching the financial industry and brokers. Drawing from my extensive experience in trading, including personally investing all of my savings in the capital markets, I am committed to making the complexities of personal investing accessible to everyone.


I am the Director/Owner of Excel Markets Inc. (Regulated by the US National Futures Association)
I am an NFA Associate Member with a Series 3 and 34 license.


Having previously worked with multiple CFD brokers in Cyprus, I maintain a strong commitment to staying current with industry trends. My analytical skills are pivotal in recommending tailored trading solutions that align with clients' specific needs and investor profiles.



Data is continually updated by our staff and systems.
Last updated: 24 Jul 2025
We earn commissions from some affiliate partners at no extra cost to users (partners are listed on our ‘About Us’ page in the ‘Partners’ section). Despite these affiliations, our content remains unbiased and independent. We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity. Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights.
Read more about us ⇾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.
HFM User reviews
HFM Overall rating
4.8Rating | Weight | |
User Rating |
4.1 (104 reviews)
|
3 |
Popularity |
|
3 |
Regulation |
|
2 |
Pricing rating |
|
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 |
|
|
|
|
30 : 1 | |
HF Markets (UK) Ltd |
|
|
|
|
30 : 1 | |
HF Markets SA (PTY) Ltd |
|
|
|
|
1000 : 1 | |
HF Markets (DIFC) Ltd |
|
|
|
|
50 : 1 | |
HF Markets (Seychelles) Ltd |
|
|
|
|
1000 : 1 | |
HFM Investments Ltd |
|
|
|
|
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
Software | Main Advantages | Important Considerations |
---|---|---|
MetaTrader 4 (MT4) |
|
|
MetaTrader 5 (MT5) |
|
|
HFM App (Proprietary) |
|
|
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
Payment Type | Processing Time | Fee from HFM | Common Base Currencies |
---|---|---|---|
Bank Transfer | 2-7 business days | None* | USD, EUR (regional variations) |
Credit & Debit Cards | Instantaneous | None | USD, EUR |
Skrill & Neteller | Instantaneous | None | USD, EUR |
Digital Currencies (BTC, ETH, USDT, LTC) | Dependent on Network Speed | None** | Crypto (which is converted to account currency) |
Regional Options | Varies (Often Instantaneous) | None | Regional 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
Company Name | HF Markets SA (PTY) & HF Markets (SV) Ltd |
Categories | Forex Brokers, Forex Rebates |
Primary Category | Forex Brokers |
Year Founded | 2010 |
Headquarters | Cyprus |
Office Locations | United Arab Emirates, Bulgaria, Kenya, Mauritius, United Kingdom, South Africa |
Account Currency | EUR, JPY, USD, ZAR, NGN |
Support Languages | Arabic, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Bengali, Urdu, Chinese (Traditional), Filipino |
Funding Methods | Bank Wire, Credit/Debit Card, FasaPay, Neteller, Skrill, Sofort, BitPay, PayRedeem |
Financial Instruments | Forex, Shares, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, ETFs |
Prohibited Countries | Iran, United States |
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
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 User Rating
4.1HFM reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
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.
|
Notes
Rebates are not paid for:
- Accounts registered with Seychelles FSA entity
- Residents of France, Portugal
- Deals from which the margin arises from the bonus funds
- PAMM manager; HF Social accounts; hedge trades; and UK Shares trades.
What are HFM rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do HFM rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much HFM rebates can I earn?
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.
View image
Are HFM rebates a scam; do my spreads increase?
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are there any other benefits to signing up for HFM rebates?
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
You will receive an email shortly if you are approved or rejected, or if we need more information.
In the meantime, you may still continue to embed your ratings widget using the embed code below, in order to improve your ratings and visibility.