HFMVerified Regulation

HFM (formerly HotForex) is a multi-asset forex and CFD broker, founded in 2010 and headquartered in Limassol, Cyprus. The broker is regulated by the UK Financial Conduct Authority (FCA reference number 795863), the Cyprus Securities and Exchange Commission (CySEC license 179/12), the South African Financial Sector Conduct Authority (FSCA license 47563), the Financial Services Commission of Mauritius (FSC), and the Dubai Financial Services Authority (DFSA). HFM offers trading on over 1,000 instruments including forex, indices, commodities, stocks, bonds, ETFs, and cryptocurrencies. The broker is known for its multiple account types and PAMM (Percentage Allocation Management Module) services, which allow experienced traders to manage funds on behalf of investors. Spreads start from 0.0 pips on the HFCopy account with a commission, while the Premium account offers zero-spread trading with a $3.00 per lot per side commission. Platform support includes MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary HFM Platform, alongside mobile applications for iOS and Android. Account types include the Micro account (minimum deposit $5), Premium account (minimum deposit $100), Zero Spread account (minimum deposit $200), Pro account (minimum deposit $100), and HFCopy accounts for copy trading, with swap-free Islamic accounts also available. HFM provides Chinese language customer support and caters to the Asian market with local payment methods and promotional campaigns. The broker is well-suited for beginner to intermediate traders who value multiple account options and low minimum deposits, as well as investors looking for PAMM and copy trading opportunities.