HFM
Multi-jurisdiction broker (formerly HotForex) with FCA, CySEC, and DFSA licences. Strong account-type breadth from Cent to Zero, with seven-figure account capability.
- Min deposit
- $5
- Max leverage
- 1:2000 (Cent) / 1:1000 (Premium)
- EUR/USD spread
- 1.2 pips
- Commission
- $0 on Premium / $3 on Zero
- Withdrawal time
- 1 day
- HQ
- Limassol, Cyprus / multi-entity
Regulation
Licences and oversight
| Regulator | Licence number |
|---|---|
| FCA United Kingdom | 801701 |
| CySEC Cyprus | 183/12 |
| DFSA Dubai | F004885 |
| FSCA South Africa | 46632 |
| FSC Mauritius | C110008214 |
| FSA Seychelles | SD015 |
Strengths
What works
- FCA UK licence — strongest single regulator on this catalogue alongside Exness.
- Cent account ($5 min) lets new EA users test live execution with minimal capital.
- Wide platform support: MT5, MT4, and proprietary mobile.
- PAMM account structure for users running EAs as managed accounts.
- Stock CFD breadth (1000+ instruments) — relevant for EAs with equity-index hedging.
Caveats
What to weigh
- Premium account spread (1.2 pips on EUR/USD) is mid-pack — scalpers should default to the Zero account.
- Commission structure differs by account type; total cost calculation is more involved than at single-account brokers.
- Withdrawal processing 1 business day is acceptable but slower than instant-withdrawal brokers (Exness, TitanFX).
Account & platform
How accounts and platforms break down
- Account types
-
- Cent
- Premium
- Pro
- Zero
- Auto
- PAMM
- Platforms
-
- MT5
- MT4
- HFM App
- Funding methods
-
- Bank wire
- Visa / Mastercard
- Skrill
- Neteller
- Crypto (BTC/USDT)
- Local payment methods
- Supported assets
-
- Forex (50+ pairs)
- Stock CFDs (1000+)
- Indices
- Commodities
- Metals
- Energies
- Crypto
Worth noting
Notable features
- HFcopy social trading platform (= optional, separate from EA execution).
- Educational programme depth (HFM Academy) — useful for users new to algorithmic trading.
- Multi-currency account base (USD, EUR, GBP, JPY, NGN, etc.).
HFM rebranded from HotForex in 2022 but the operational infrastructure traces back to 2010, making it among the longest-running multi-jurisdiction brokers in the offshore segment. For EA users, the practical advantage is that the FCA UK and DFSA Dubai licences impose audit, reporting, and capital adequacy standards that smaller brokers don’t carry.
The Cent account (= positions sized in 1/100 lots) is uniquely useful for newcomers running mt5depot’s catalogued EAs at low risk while learning live execution behaviour. The Zero account ($3/lot commission, sub-pip spreads on majors) is the right default for active scalp / grid strategies. Across both, HFcopy and PAMM make HFM viable for users running EAs as managed-account services.
EA compatibility
4 EAs verified on HFM
| EA | Strategy | Pair | Typical spread | Min lot | |
|---|---|---|---|---|---|
| Balanced Portfolio V1 | Trend | EUR/USD | 1.4 pips | 0.01 | View → |
| Anchor Grid Conservative | Grid | AUD/USD | 1.4 pips | 0.01 | View → |
| Mean Revert Range V1 | Mean Reversion | EUR/CHF | 1.1 pips | 0.01 | View → |
| News Filter Trend V1 | Trend | USD/JPY | 1.2 pips | 0.01 | View → |
Eligibility
Restricted jurisdictions
HFM does not accept clients resident in the following jurisdictions. mt5depot reflects this restriction on its IB referral.
- United States
- Canada
- EEA retail
- Japan
- Iran
- DPRK
Risk disclosure
Trading leveraged forex and CFDs carries a high level of risk and may not be suitable for all investors. The high degree of leverage offered by HFM can work against you as well as for you. Before deciding to trade through HFM you should carefully consider your investment objectives, level of experience, and risk appetite, and seek independent financial advice if necessary.
mt5depot does not give investment advice and does not represent HFM. The IB referral on this page generates a commission for mt5depot when you open an account and trade. Spreads, fees, and execution are determined by HFM and not by mt5depot.