HFM Review 2026

Top Brokers Overview — United States
How we tested HFM

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

HFM Pros & Cons

  • favorable trading conditions and low spreads - from 0 pips;
  • controlled by several regulators;
  • no commissions for account replenishment and bank transfers.
  • Withdrawal terms do not always correspond to those indicated;
  • Few account currencies;
  • The choice of electronic payment systems is rather modest;
  • During registration, conditions for other account types are not visible;
  • Customer support is closed on weekends.

HFM is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software. HFM also has favorable trading conditions and instant execution of orders. Plus, a solid list of tools and services allow everyone to choose the best option. The broker's reliability is confirmed by the license of several regulators. The company's work experience in the financial, brokerage and other services market is over 10 years. Within that time, HFM has received 35 prestigious awards. For trading, MetaTrader 4 and MetaTrader 5 trading terminals are used.

TU Expert Verdict

Chief Analytics Officer

HFM is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.

HFM provides access to trading Forex pairs, stocks, indices, cryptocurrencies, and commodity futures through MetaTrader 4, MetaTrader 5, and a proprietary platform, offering six account types including Cent, Standard, ECN/Raw spread, Pro, VIP, and swap free options. The broker is regulated by multiple authorities, such as the UK Financial Conduct Authority and CySEC, with client fund protection, negative balance safeguards, and a history of over ten years in the market. Trading costs are competitive, with spreads from 0 pips and a $3 commission per lot on ECN accounts, no inactivity, deposit, or withdrawal fees, and account opening from $0. Clients benefit from daily analysis, educational resources, and multilingual support on weekdays.

Drawbacks include limited base account currencies, a modest selection of digital payment systems, mobile apps with weak user feedback, and customer support closure on weekends. HFM may not be suitable for traders who require weekend assistance or advanced mobile features, but its strong regulation, low fees, and broad asset coverage suit active Forex and CFD traders seeking a regulated broker with diverse account choices and robust desktop trading tools.

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HFM User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
7.1 /10
137 total
  • 5-star
    27%
  • 4-star
    26%
  • 3-star
    28%
  • 2-star
    12%
  • 1-star
    7%
2587 users picked this broker
users picked this company in 3 months
Fazal Elahi
PRO
1 year ago
PK
fast execution, major pairs with low spreads

crypto trading

I have been trading with hfm for more than one year and mainly trade gold and some major pairs like EUR, GBP, JPY etc. The spreads are quite competitive and execution is also fast. Sometimes i also put limit orders when i am usually away from the main screen so it works. I am quite satisfied with their services.

Janice
PRO
1 year ago
PH
withdrawl options, spreads

limited crypto, some features based on location

hfm stands out for its reliable trading environment with consistently low spreads on top pairs like eurusd and usdjpy making it cost friendly for active traders withdrawals are processed quickly and you can choose from several methods including local bank options credit cards and popular online wallets the platform is easy to navigate and offers good tools for analysis whether you are new or experienced in forex their trading conditions are stable with good leverage options and no major issues during high volatility sessions

TD
PRO
2 years ago
PH
ewallets

...

note mentioning, ewallets are very underrated, they offer a better exchange rate and are almost instant. its a very good advantage for traders withdrawing in local currencies. thanks for the review and well done HFM. cheers

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    8 /10

    The trading and non-trading commissions of HFM have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No inactivity fee
    • No deposit fee
    • No withdrawal fee
    • Complex fee structure

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of HFM with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, HFM’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    HFM Standard spreads
    HFM OANDA FOREX.com
    EUR/USD min, pips 0.3 0.1 0.7
    EUR/USD max, pips 1.4 0.5 1.2
    GPB/USD min, pips 0.3 0.1 0.9
    GPB/USD max, pips 1.6 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    HFM RAW/ECN spreads
    HFM OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5
    EUR/USD avg spread 0.2 0.15 0.2
    GBP/USD avg spread 0.4 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with HFM. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    HFM Non-Trading Fees
    HFM OANDA FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 15
  • Is HFM Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    10 /10

    HFM has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Tier-1 regulated
    • Negative balance protection
    • Regulated in the UK
    • Track record over 16 years
    • Strict requirements and extensive documentation to open an account
    HFM Regulators and Investor Protection
    FCA UKFCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
    CySecCySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1
    DFSADFSA Full Name Dubai Financial Services Authority Country of regulation Dubai Investor Protection Fund No specific fund Regulation Level Tier-2
    FSCA SAFSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2
    FSA (Seychelles)FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3
    Abbreviation CMA (Kenya) Full Name The Capital Markets Authority Country of regulation Kenya Investor Protection Fund KES 50,000 Regulation Level Tier-2
    HFM Security Factors
    Foundation date 2010
    Negative balance protection
    Yes
    Verification (KYC)
    Yes
  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    9.6 /10

    HFM offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Swap Free, VIP.

    HFM covers the core account types, making it convenient for traders with different preferences and strategies.

    • Cent account for beginners
    • Standard account with balanced trading conditions
    • Demo account
    • Micro lots are not available
    HFM account types vs top competitors
    HFM Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    Yes
    No
    No
    Micro
    No
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    Yes
    No
    No
    Managed
    No
    No
    No

    HFM accounts trading conditions

    HFM offers 6 types of live accounts, aside from the swap-free Islamic account and demo account. The minimum initial deposit is only USD 5. A PAMM account is also provided for investors. Also, for those who wish to focus on social (mirror) trading, the HFM platform offers HFcopy.

    HFM account types are summarized below:

    Account Type Description
    Cent The minimum deposit is $0, the maximum leverage is 1:2000. The maximum number of simultaneously open orders is 150;
    Premium The minimum deposit is $0. The maximum leverage is 1:2000. Limit of open orders - 500;
    Zero The minimum deposit is USD 0. Leverage - 1:2000. Limit of simultaneously open positions - 500;
    Pro Deposit from $100. The leverage is a maximum of 1:2000. Limit of simultaneously opened deals - 500;

    Regardless of the selected account type, a floating spread is provided, the size of which starts from 1 point. An exception is the Zero Spread account, in which the starting spread value is equal to zero.

    Before opening a real trading account, novice traders can learn the features of trading via a free demo account.

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    6.5 /10

    HFM received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    HFM provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • Bank wire transfers available
    • Bank card deposits and withdrawals
    • USDT (Tether) supported
    • Minimum deposit below industry average
    • BTC not available as a base account currency
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • PayPal not supported

    What are HFM deposit and withdrawal options?

    HFM provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, BTC, USDT.

    HFM Deposit and Withdrawal Methods vs Competitors
    HFM Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    Yes
    No
    No

    What are HFM base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. HFM supports the following base account currencies: USD, EUR, JPY, NGN.

    What are HFM's minimum deposit and withdrawal amounts?

    The minimum deposit on HFM is $0, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact HFM’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    7.8 /10

    HFM offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 50 Forex pairs.

    • Commodity futures are available
    • Indices trading
    • Copy trading platform
    • Regional restrictions are possible

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by HFM with its competitors, making it easier for you to find the perfect fit.

    HFM Trading.com Plus500
    Currency pairs 50 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 500 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment options

    We also explored the trading assets and products HFM offers for beginner traders and investors who prefer not to engage in active trading.

    HFM Trading.com Plus500
    Bonds
    Yes
    No
    No
    ETFs
    Yes
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at HFM by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    8 /10

    We successfully registered an account with HFM in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at HFM is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Low minimum deposit requirement
    • Registration process may take longer than expected
    • Account approval may require extra time depending on the documentation.
    HFM account opening
    HFM Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $0 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 20 20
    KYC time (days) 2 2 3

    Is HFM available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    To make it easier for you to open a personal account on the brokerage company's website, we have prepared the following instructions:

    • On the main page of the website HFM, in the top panel of the website, click on the "Open a real account" button to open a real account or use the Demo button next to it to open a demo account.

    • To register, you must fill in all the fields in the questionnaire with the requested information, such as: client type, last name, first name, and date of birth, country, email address, and phone number.

    • After filling in all the fields with the required information, you will need to confirm your registration by clicking on the appropriate button.

    • The following functions are available in the personal account HFM:

      • Account management, including replenishment and withdrawal of funds..
      • Account settings: choice of trading platform and financial instrument..

    There are also many other useful functions and features, such as:

    • analysis tools;
    • transaction history;
    • educational information.
  • Trading platforms & tools

    Score:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    9 /10

    HFM received a score of 9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.

    • Free VPS for uninterrupted trading
    • One-click trading
    • Proprietary platform with unique features
    • Trading bots (EAs) allowed
    • No access to cTrader and its advanced tools.
    • No TradingView integration
    • Strategy (EA) Builder is not available

    Supported trading platforms

    HFM supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared HFM’s platform availability with that of top competitors to assess its relative market position.

    HFM Trading.com Plus500
    MT4
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    No
    Yes
    Yes
    Proprietary platform
    Yes
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    Yes
    Yes
    Yes

    Key HFM’s trading platform features

    We also evaluated whether HFM offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

    Supported features
    2FA
    Yes
    Alerts
    Yes
    Trading bots (EAs)
    Yes
    One-click trading
    Yes
    Scalping
    Yes
    Supported indicators 130
    Tradable assets 500

    Additional trading tools

    HFM offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

    HFM trading tools vs competitors
    HFM Trading.com Plus500
    Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
    No
    Yes
    No
    API
    No
    No
    No
    Free VPS
    Yes
    No
    No
    Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    Yes
    No
    No
  • Mobile Apps

    Score:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    3 /10

    HFM supports mobile trading, offering dedicated apps for both iOS and Android. HFM received 3/10 in this section, which suggests limited user interest or weak performance of the apps.

    • Indicators supported
    • Mobile alerts supported
    • Weak user feedback on Android
    • Mobile 2FA not supported

    We compared HFM with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

    HFM Trading.com Plus500
    Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 1,000,000 50,000 10,000,000
    App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.8 4.7
    Google Play score 0 4.7 4.4
    Mob. 2FA
    No
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes
  • Customer Support

    Score:
    We evaluated Customer Support at HFM by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    9.2 /10

    HFM demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.

    During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, HFM shows reliable service and active engagement with clients.

    Information

    HFM's support service is ready to assist clients around the clock on weekdays.

    • 24\5 support
    • Quickly answers any questions
    • Multiple languages
    • Not available on weekends

    There are several ways to contact support:

    • by the phone number indicated on the website;
    • by email; and
    • in online chat.

    Customer support is also available via the company's website and from the user account.

    Contacts
    Foundation date 2010
    Registration address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.
    Regulation FCA, DFSA, CySec, FSCA, FSA, CMA
    Official site https://www.hfm.com/
    Contacts support@hfm.com +442030978571

Best HFM Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.8 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
6.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.7 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
Venom by Cobra Trading
Logo Venom by Cobra Trading
Venom by Cobra Trading
6.4 /10
Regulation Tier-1
EUR/USD 0.25 pips

FAQs

What commissions and fees does HFM apply to forex trading and account maintenance?

The review notes that HFM has low overall fees, with a fees score of 8/10, and does not charge deposit, withdrawal, or inactivity fees. For Standard accounts, forex trading costs are included in floating spreads (for example, EUR/USD typically ranges from 0.3 to 1.4 pips), while RAW/ECN accounts combine tight average spreads (around 0.2 pips on EUR/USD) with a commission of $3 per lot.

How are HFM account types structured and what key trading conditions are highlighted?

The review states that HFM offers several live account types, including Cent, Premium, Zero, and Pro, with minimum deposits starting from $0 on most accounts and $100 on the Pro account. Maximum leverage is up to 1:2000, floating spreads start from 1 point on most accounts (from 0 on Zero Spread), and additional options such as a swap-free account, demo account, PAMM, and HFcopy are mentioned.

What do user reviews and feedback indicate about overall satisfaction with HFM?

The user satisfaction score for HFM is 7.1/10 based on 137 reviews, and the distribution of ratings (from 1 to 5 stars) suggests a mixed overall impression. According to user reviews, 27% gave 5 stars and 7% gave 1 star, with a substantial portion in the middle ranges, indicating varied experiences among clients.

What trading platforms, tools, and features are mentioned in reviews of HFM?

The review notes that HFM supports MT4, MT5, a proprietary platform, and WebTrader, and it highlights features such as one-click trading, support for trading bots (EAs), and around 130 indicators across about 500 tradable assets. Additional tools include free VPS hosting and Autochartist, while cTrader, API access, and a strategy (EA) builder are not available.

How is HFM customer support described in broker reviews and feedback?

The review describes HFM customer support as responsive and structured, with a safety score of 9.2/10 and assistance available 24/5 in multiple languages. Support can be reached by phone, email, online chat, and via the website or user account, although it is noted that service is not available on weekends.

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