HFM (Formerly known as HotForex) is a multi-asset regulated, licensed global broker, providing trading services & facilities to both retail & institutional clients. The brokerage firm itself was established in 2010 with its headquarter in Cyprus, yet in addition serves several global offices including Dubai, South Africa also offshore entities in St Vincent and the Grenadines. HFM shows great interest and operates mainly in Africa, Asian and MENA regions.
HFM offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading.
HFM Pros and Cons
HFM is a broker with a good reputation and regulations based on our finds. The offering is user friendly, we mark large portfolios for Forex and CFDs instruments, while fees are considered low compared to other popular brokers, besides minimum deposit is among lowest in industry allowing any size of traders to sign. Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally.
On the other hand, HFM has limited portfolio for EU clients, with only Forex and CFDs are offered. Also, international trading is done via offshore branches with lower requirements, however HFM has good reputation so is considered to sign in.
Instruments Traded: One of the HFM Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.
Deposit Methods: One of the great points in we found is that HFM offers over 14 methods to deposit or withdraw money, also along the time adding more methods based either on new offerings like Crypto Deposits or enlarging accessibility to local transfers or payment methods available at the regions. Those methods include:
- Major credit and debit cards
- Wire transfers and domestic transfers available at some regions
- E-wallets, including Cryptocurrency Deposit, fasapay, WebMoney, and more
Minimum Deposit: HFM minimum deposits start from 0$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well, also determined by the payment method you would choose.