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HFM
Multi-regulated global broker offering high leverage and zero minimum deposit accounts.
Cyprus HQ
5 Regulators
90/100 Trust Score
Our Take
HFM (formerly HotForex) is a highly trusted, multi-regulated broker offering a wide range of platforms and account types. Its low entry barriers and high leverage options make it appealing to both beginners and seasoned forex traders.
Advantages
- Regulated by multiple tier-1 and tier-2 authorities (FCA, CySEC, FSCA)
- Zero minimum deposit on Cent, Zero, and Premium accounts
- High leverage up to 1:2000 (varies by region)
- Integrated copy trading and dedicated mobile app
Drawbacks
- Not available to US and Canadian residents
- Inactivity fee applied after 6 months of dormancy
- Stock trading is primarily CFD-based
Trading Fees & Costs
Equity Delivery
Varies by region
Intraday / CFD
Varies by region
Forex Spreads
From 0.0 pips
Options
Not available
Futures
Varies
Features & Platforms
MT4
MT5
HFM App
HFM WebTrader
API Access
Not available
Copy Trading
Supported natively
Demo Account
Free paper trading available
Margin Trading
Leverage available
Quick Stats
Account Minimum
Free
Founded
2010
Active Users
2,500,000
Best For
- Forex traders
- Copy traders
- Beginners looking for low deposit requirements
Not Best For
- US/Canadian residents
- Traders looking for direct market access (DMA) stock investing
