HFM (HotForex) Review: Is It Still a Top Forex Broker

HFM (HotForex) Review: Is It Still a Top Forex Broker in 2025?

HFM, formerly known as HotForex, continues to be a prominent player in the global online trading landscape. Established in 2010, the broker has evolved to meet the diverse needs of traders worldwide. In 2025, HFM remains a compelling choice for both novice and experienced traders.

Regulatory Oversight and Trustworthiness

HFM operates under multiple regulatory authorities, ensuring a secure trading environment:

  • Financial Conduct Authority (FCA)United Kingdom

  • Cyprus Securities and Exchange Commission (CySEC)Cyprus

  • Dubai Financial Services Authority (DFSA) – UAE

  • Financial Services Commission (FSC)Mauritius

  • Financial Services Authority (FSA)Seychelles

  • Financial Sector Conduct Authority (FSCA)South Africa

  • Capital Markets Authority (CMA)Kenya

With a Trust Score of 86 out of 99, HFM is considered a trusted broker, reflecting its commitment to regulatory compliance and client protection.

Trading Platforms and Tools

HFM offers a range of trading platforms to cater to different trader preferences:

  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5)Widely used platforms known for their user-friendly interface and advanced charting tools.

  • HFM Proprietary PlatformAn in-house developed platform designed to provide a seamless trading experience.

  • WebTraderA browser-based platform that allows traders to access their accounts without the need to download additional software.

These platforms support various trading styles, including scalping and automated trading through Expert Advisors (EAs).

Account Types and Trading Conditions

HFM provides several account types to suit different trading strategies:

  • Cent AccountIdeal for beginners, this account allows trading with smaller lot sizes.

  • Micro AccountRequires a minimum deposit of $5, offering spreads from 1 pip.

  • Premium AccountNo minimum deposit required, suitable for experienced traders.

  • Zero Spread AccountOffers spreads from 0.0 pips with a commission of $6 per lot, ideal for scalpers.

  • Pro AccountRequires a minimum deposit of $100, providing ultra-low spreads.

  • HFcopy AccountAllows traders to copy strategies from other traders, with a minimum deposit of $300 for followers and $500 for strategy providers.

Leverage options vary by region, with some accounts offering leverage up to 1:2000.

Fees and Commissions

HFM’s fee structure is competitive:

  • Commission-Free AccountsSpreads start at 1.5 pips, with no commission charges.

  • Commission-Based AccountsSpreads start at 0.0 pips, with a commission of $6 per lot on major currency pairs.

  • Swap RatesApplicable for positions held overnight, varying by instrument.

  • Inactivity Fee$5 per month after six months of inactivity.

These fees are designed to cater to both retail and institutional traders, offering flexibility and transparency.

Educational Resources and Customer Support

HFM provides a wealth of educational materials to support traders:

  • WebinarsLive sessions covering various trading topics.

  • Video TutorialsStep-by-step guides on using trading platforms and strategies.

  • e-CoursesStructured learning paths for traders at different levels.

Customer support is available 24/5 through multiple channels, including live chat, email, and phone.

Conclusion

In 2025, HFM continues to be a top-tier broker, offering a comprehensive range of services to meet the needs of traders worldwide. With its robust regulatory framework, diverse account types, competitive fees, and extensive educational resources, HFM remains a reliable choice for those seeking a dynamic and supportive trading environment.