HFM (HotForex)
ECNHFM (formerly HotForex) is a multi-regulated broker offering ultra-high leverage up to 1:2000, very low minimum deposits, and copy trading through its proprietary HFcopy platform.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
HFM (HotForex) Full Review
HFM (formerly known as HotForex) was founded in 2010 and is operated by HF Markets Group, which holds regulatory licenses from FCA, CySEC, DFSA, FSCA, and FSA. The broker rebranded from HotForex to HFM in 2022.
Account Variety
HFM offers multiple account types including Micro, Premium, HFcopy, Zero, Fixed, and Islamic accounts — providing options for all trader types from beginners to professionals.
HFcopy Platform
HFM's proprietary copy trading platform, HFcopy, connects follower traders with strategy providers. Performance data is transparent and verified, allowing followers to choose strategy providers based on historical performance.
High Leverage
HFM offers leverage up to 1:2000 through its offshore entities (FSA Seychelles) — among the highest leverage available from a regulated broker. EU and UK clients are limited to 1:30 per ESMA regulations.
Zero Account
HFM's Zero account offers spreads from 0.0 pips with a commission of $3 per side — competitive with leading ECN brokers like IC Markets and Pepperstone.
Verdict
HFM is a versatile broker suitable for beginners (low minimum deposit, copy trading) and experienced traders (Zero account with ECN pricing). Its regulatory breadth provides solid client protection.
Pros
- Very low minimum deposit ($5)
- Up to 1:2000 leverage (offshore entities)
- Copy trading via HFcopy
- Spreads from 0.0 pips on Zero account
- Islamic (swap-free) accounts available
Cons
- High leverage available offshore only
- Some account types have high commissions
- Complex account type selection
Broker Details
- Headquarters
- Limassol, Cyprus
- Founded
- 2010
- Type
- ECN
- Min Deposit
- $5
- Max Leverage
- 1:2000
Regulation
Platforms
- MetaTrader 4
- MetaTrader 5
- HFM Platform