HFM
Retail forex broker with multiple account types and licenses across 5+ jurisdictions.
Quick facts
Overview
HF Markets (HFM, formerly HotForex) is a long-running retail forex broker with operating entities under CySEC, FCA, FSCA, DFSA, and offshore licenses (Seychelles, Mauritius). Offers six account types from $5 minimum Micro to specialised PAMM accounts. Strong educational content and copy trading via the HFcopy platform.
Score breakdown
Scores reflect fit-for-category, not absolute. A broker rated 5.0 in one axis is judged against that category\'s requirements, not the entire market.
Pros & Cons
What we like
- Multiple regulator licenses including CySEC/FCA
- Six account types — wide flexibility
- $5 minimum on Micro accounts
- Copy trading via HFcopy
- Multilingual support (27+ languages)
- MT4 and MT5 both supported
Trade-offs
- No proprietary platform
- Inactivity fee after 6 months
- Bonus structures include volume requirements
- Spreads not the tightest in market
Who it fits
Retail forex traders seeking flexibility — multiple account tiers, MT4/MT5, and the option of higher offshore leverage. Good for traders building automated strategies on small accounts.
CFDs are leveraged products carrying high risk of loss. Verify this broker is suitable for your jurisdiction before depositing funds. See the full Risk Warning on each broker\'s official site.