HFM (HotForex)

Yes, HFM holds seven regulatory licences across multiple jurisdictions. These include HF Markets (Europe) Ltd under CySEC (183/12), HF Markets (UK) Ltd under FCA (FRN 801701), HF Markets SA (PTY) Ltd under FSCA (FSP 46632), HF Markets (Seychelles) Ltd under FSA Seychelles (SD015), HFM Investments Limited under CMA Kenya (155), HF Markets (DIFC) Ltd under DFSA (F004885), and HF Markets Ltd under FSC Mauritius (C110008214). The broker also maintains an unregulated entity, HF Markets (SV) Ltd, registered in St. Vincent and the Grenadines (registration number 22747 IBC 2015), which is not overseen by any financial services regulator.

The Cent, Zero, and Premium accounts require no minimum deposit under the international/FSA Seychelles and CySEC entities, making HFM accessible at virtually any capital level. The Pro account requires $100 (or EUR 100), while the InfinityX account carries a $500 minimum. Under the FCA-regulated UK entity, both the Zero and Premium accounts also require no minimum deposit.

Under the international/FSA Seychelles entity, the Cent, Zero, Pro, and Premium accounts offer maximum leverage of up to 1:2000 (International), while the InfinityX account advertises unlimited leverage. Under the FCA-regulated UK entity, the Zero and Premium accounts are capped at 1:30 (UK), consistent with FCA regulatory requirements. Your actual available leverage depends on which entity you register with and the applicable regulatory framework.

The Zero Account offers raw spreads advertised as low as 0.0 pips on forex pairs, though the same landing page also lists EUR/USD as "starts at 0.1 pips," a discrepancy that remains unresolved. The exact per-lot commission for the Zero Account is not disclosed on the publicly reviewed pages. Other account types carry wider spreads without commissions: Pro starts from 0.6 pips, InfinityX from 0.3 pips, and both Cent and Premium from 1.4 pips.

HFM does not charge any withdrawal fees on its side, although third-party banks and payment processors may impose their own charges. Bank wire transfers require a minimum withdrawal of $100 and take 2 to 10 business days. Withdrawals are processed on a 24/7 schedule.

Yes. HFM provides swap-free trading conditions on Pro, Premium, and InfinityX accounts for clients who observe Sharia law, applicable to specific instruments only and subject to terms and conditions. Separately, certain instruments are also offered swap-free to non-Islamic clients: 44 instruments under the offshore and CySEC entities, and a more limited set of 22 instruments under the FCA-regulated UK entity.

Clients registered under HF Markets (Europe) Ltd benefit from the Cyprus Investor Compensation Fund (ICF), which provides statutory coverage of up to EUR 20,000 per eligible client (90% of the covered claim, capped at EUR 20,000). Clients under HF Markets (UK) Ltd are covered by the Financial Services Compensation Scheme (FSCS) for up to GBP 85,000 per eligible claimant. Clients onboarded through the offshore entities do not benefit from equivalent statutory compensation schemes.