HFM Review 2026: Is It Good?
In-depth analysis of HFM broker in 2026 — 20% bonus + $50 free, 6 licenses, compare 6 account types with Exness, XM, IC Markets comparison table.
Overall Rating
Founded
2010
Regulation
6 Licenses
Min. Deposit
$0
Leverage
1:2000
What is HFM? Why is it Popular?
HFM (formerly HotForex) is a global Forex broker founded in 2010, currently serving over 3.5 million accounts across 180 countries. HFM has won numerous awards including Best Global Forex Broker from World Finance Awards and Best Forex Broker Asia from Global Forex Awards.
HFM's standout features are the best bonuses in the industry (20% Deposit Bonus + $50 No Deposit Bonus), 6 regulatory licenses — the most among leading brokers, and HFCopy for Copy Trading. In this review, we analyze HFM in-depth. All data updated February 2026.
HFM History
HotForex (original name) founded in Mauritius
Obtained CySEC (Cyprus) and FCA (UK) licenses
Launched HFCopy — Copy Trading system
Obtained DFSA (Dubai) and FSCA (South Africa) licenses
Rebranded from HotForex to HFM
Launched HFM App — new mobile platform
Over 3.5 million client accounts worldwide
Regulation & Safety (6 Authorities)
FCA (UK)
License: 801701
Tier 1CySEC (EU)
License: 183/12
Tier 1DFSA (Dubai)
License: F004885
Tier 1FSCA (South Africa)
License: 46632
Tier 2FSA (Seychelles)
License: SD015
Tier 3CMA (Kenya)
License: 155
Tier 3Highest Security Level
HFM segregates client funds, provides Negative Balance Protection, client insurance up to €5,000,000 via Civil Liability Insurance, and holds 6 regulatory licenses — the most among leading brokers.
HFM Bonuses & Promotions
Example: Deposit $1,000, receive $200 bonus, total capital $1,200
Ideal for beginners wanting to try real trading without risking their own money
6 HFM Account Types
| Account Type | Min. Deposit | Spread | Commission | Leverage | Best For |
|---|---|---|---|---|---|
| Cent | $0 | 1.2 pips | None | 1:2000 | Beginners practice |
| PremiumRecommended | $0 | 1.2 pips | None | 1:2000 | General traders |
| Pro | $100 | 0.5 pips | None | 1:2000 | Experienced traders |
| Pro Plus | $100 | 0.2 pips | None | 1:2000 | Advanced traders |
| Zero | $0 | 0.0 pips | $3/lot | 1:2000 | Scalpers |
| HFCopy | $25 | 1.2 pips | None | 1:400 | Copy Trading |
$0
1.2 pips
None
1:2000
$0
1.2 pips
None
1:2000
$100
0.5 pips
None
1:2000
$100
0.2 pips
None
1:2000
$0
0.0 pips
$3/lot
1:2000
$25
1.2 pips
None
1:400
HFM vs Other Brokers Comparison
| Criteria | HFM | Exness | XM | IC Markets |
|---|---|---|---|---|
| Min. Deposit | $0 | $1 | $5 | $200 |
| EUR/USD Spread | 1.2 pips | 0.3 pips | 1.6 pips | 0.1 pips |
| Max Leverage | 1:2000 | Unlimited | 1:1000 | 1:500 |
| Bonuses | 20% Deposit + $50 No Deposit | ไม่มี | $30 No Deposit | ไม่มี |
| Regulation | FCA, CySEC, FSCA, DFSA, FSA, CMA | FCA, CySEC, FSCA, FSA | CySEC, ASIC, DFSA, IFSC | ASIC, CySEC, FSA |
| Platforms | MT4, MT5, HFM App | MT4, MT5, Terminal | MT4, MT5, XM App | MT4, MT5, cTrader |
| Copy Trading | HFCopy | Social Trading | ไม่มี | ไม่มี |
| Withdrawal | ภายใน 24 ชม. | ทันที | ภายใน 24 ชม. | 1-3 วัน |
Summary: HFM excels in bonuses, number of licenses, and Copy Trading. Exness leads in low spreads and fast withdrawals. XM excels in education. IC Markets leads in lowest spreads for Scalpers.
HFM Pros & Cons
Deposit & Withdrawal Methods
| Method | Minimum | Fee | Processing Time |
|---|---|---|---|
| Thai Bank Transfer | $0 | Free | Instant |
| Credit/Debit Card | $0 | Free | Instant |
| Crypto (BTC, ETH, USDT) | $0 | Free | 10-30 min |
| Skrill / Neteller | $0 | Free | Instant |
| Fasapay | $5 | Free | Instant |
Trading Platforms
World's most popular platform. Ideal for beginners with extensive EA and indicator support.
Upgraded from MT4 with more timeframes and additional stock/futures support.
HFM's own mobile app. Easy to use, modern design, deposit/withdraw and manage accounts in one place.
HFCopy — Copy Trading System
HFCopy is HFM's built-in Copy Trading system that allows you to automatically copy trades from professional traders. Ideal for beginners without market analysis experience or those without time to monitor screens.
Min. Deposit
$25
Fee
None
Choose Strategy
Yes
Withdraw Anytime
Yes
Who is HFM For?
Frequently Asked Questions (FAQ)
HFM is a very safe and reliable broker with 6 regulatory licenses: FCA (UK), CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), FSA (Seychelles), and CMA (Kenya). It has segregated client funds, Negative Balance Protection, and client insurance up to €5,000,000.
HFM has a $0 minimum deposit for Cent, Premium, and Zero accounts, meaning you can start trading without a large deposit. Pro and Pro Plus accounts require $100 minimum. For beginners, we recommend starting with a Premium account with $50-$100.
HFM offers multiple bonuses: (1) 20% Deposit Bonus — receive 20% bonus up to $6,500 (2) $50 No Deposit Bonus — receive $50 free without deposit. Ideal for beginners wanting to try real trading. Please check bonus withdrawal conditions before signing up.
HFM processes withdrawals within 24 business hours. E-wallet methods like Skrill and Neteller are faster. Thai bank transfers take 1-3 business days. Crypto withdrawals take 10-30 minutes. No withdrawal fees.
HFM offers maximum leverage of 1:2000 for Cent, Premium, Pro, Pro Plus, and Zero accounts. HFCopy account has maximum 1:400 leverage. Leverage adjusts based on position size and traded asset. Beginners should not use leverage above 1:100.
It depends on your needs. HFM is better for bonuses (20% Deposit + $50 free), number of licenses (6), and Copy Trading. Exness is better for low spreads (0.0 pips) and instant withdrawals. For beginners wanting welcome bonuses, HFM is better. For lowest costs, Exness is better.
Yes, HFM supports deposits and withdrawals via Thai banks through Internet Banking. Minimum deposit $0 with no fees. It also supports credit/debit cards, Crypto, Skrill, Neteller, and Fasapay.
Yes, especially the Zero account with 0.0 pips spread and only $3/lot commission. HFM allows Scalping, Hedging, and EA Trading on all accounts. Fast execution and free VPS for qualifying clients.
Verdict: Is HFM Good? Worth It?
Overall review score
HFM is an excellent and worthwhile broker for traders wanting welcome bonuses and high security. Its standout features are 20% Deposit Bonus + $50 free, 6 regulatory licenses, and HFCopy for Copy Trading.
The main drawbacks are higher Premium account spreads than Exness and non-instant withdrawals. But for beginners wanting free bonuses and the most regulated broker, HFM is an excellent choice.
Risk Warning
Forex and CFDs trading involves significant risk. You may lose your entire investment. Information in this article is for educational purposes only, not investment advice. Links are affiliate links. Bonuses have terms and conditions, please check details before signing up.
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