HFM Review 2026
HFM is the 2022 rebrand of HotForex. It holds FCA, CySEC licenses, yet Trustpilot shows many 1-star complaints about bonus conditions and stuck withdrawals.
Min Deposit
$0
Spreads From
0.0 pips
Max Leverage
1:30
Platforms
3
Pros
- No minimum deposit requirement to open
- FCA licensed in the UK and CySEC licensed in Cyprus
- 4 million existing clients showing scale
- Crypto payment options for deposits and withdrawals
- Four account types to fit different trader sizes
Cons
- Most clients trade under Mauritius or Cyprus license, not the UK FCA entity
- Trustpilot shows 38 percent of reviews are just 1 star
- Bonus money often has restrictive volume conditions that are hard to clear
- Common complaints about stuck withdrawals and support delays
- Rebranded from HotForex in 2022 after bad reputation
- Zero Spread account charges $6 per lot, which adds up on high-volume trades
HFM is the rebrand of HotForex, which started in 2010 and grew to serve 4 million clients. In 2022 it changed its name to HFM. The group holds licenses from the FCA in the UK, CySEC in Cyprus, DFSA in Dubai, FSCA in South Africa, and FSC in Mauritius. Most clients trade under the Mauritius or Cyprus license, not the higher-tier FCA entity.
HFM provides MetaTrader 4, MetaTrader 5, and its own app. You can trade 1,000+ instruments: 50+ forex pairs, stocks, indices, commodities, bonds, ETFs, crypto. Four account tiers are offered, starting from Cent (1.0 pips). The Zero Spread account strips spreads to 0.0 pips but charges $6 per lot. No minimum deposit is required.
On Trustpilot, HFM has about 1,200 reviews at 3.2 stars. Yet 38 percent are 1 star. Complaints describe bonus money that locks in and vanishes, trading volume that won't clear, and customer support that never replies. The FCA website shows no recent fine, but the Trustpilot record is rough.
Cent
Standard
Zero Spread
50+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- FCA (UK)
- CySEC (Cyprus)
- DFSA (Dubai)
- FSCA (South Africa)
- FSC (Mauritius)
