HFM Review 2026

By: Oleg Tkachenko
Updated: July 01, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $0
Fees 8 /10
Account types 9.6 /10
Regulation 10 /10

7.6 /10

Reliable

HFM User Reviews 7.0
Commissions and Fees 8.0
Regulation and Safety 10.0
Account Types 9.6
Deposit and Withdrawal 6.5
Markets and Tradable Assets 7.8
Trading Account Opening 8.0
Trading platforms & tools 9.0
Mobile Apps 3.0
Customer Support 9.2

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.

TU Expert Verdict

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.

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HFM User Reviews

Score:

7 /10

136 total

5-star

26%
4-star

26%
3-star

28%
2-star

13%
1-star

7%

2587 users picked this broker

Fazal Elahi

PRO

1 year ago

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

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

PRO

1 year ago

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

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Commissions and Fees

Score:

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, ZForex and OANDA, 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	ZForex	OANDA
EUR/USD min, pips	0.3	0.1	0.1
EUR/USD max, pips	1.4	0.4	0.5
GPB/USD min, pips	0.3	0.2	0.1
GPB/USD max, pips	1.6	0.6	0.5

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	ZForex	OANDA
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	7	3.5
EUR/USD avg spread	0.2	0.1	0.15
GBP/USD avg spread	0.4	0.15	0.2

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	ZForex	OANDA
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	0-15
Inactivity fee ($, per month)	0	0	0

Is HFM Safe?

Score:

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
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FCA UK	Full Name Financial Conduct Authority	Country of regulation United Kingdom	Investor Protection Fund Up to £85,000	Regulation Level Tier-1
CySec	Full Name Cyprus Securities and Exchange Commission	Country of regulation Cyprus	Investor Protection Fund Up to €20,000	Regulation Level Tier-1
DFSA	Full Name Dubai Financial Services Authority	Country of regulation Dubai	Investor Protection Fund No specific fund	Regulation Level Tier-2
FSCA 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)	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:

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
Swap Free (Islamic) account
Low minimum deposit

Micro lots are not available

HFM account types vs top competitors
	HFM	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	Yes	No	No
Micro	No	No	No
Swap Free	Yes	Yes	Yes
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:

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.

Bitcoin (BTC) accepted
No withdrawal fee
Bank card deposits and withdrawals
No deposit fee

Wise not supported
BTC not available as a base account currency
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	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	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:

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.

Indices trading
Copy trading platform
ETFs investing

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	ZForex	Plus500
Currency pairs	50	50	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	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	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	Yes	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	ZForex	Plus500
Bonds	Yes	No	No
ETFs	Yes	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	Yes	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

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.

Low minimum deposit requirement
Fully online account opening process

Registration process may take longer than expected
Account approval may require extra time depending on the documentation.

HFM account opening
	HFM	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$0	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	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:

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
Trading bots (EAs) allowed
One-click trading
MetaTrader is available

No access to cTrader and its advanced tools.
No access to API
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	ZForex	Plus500
MT4	Yes	No	No
MT5	Yes	Yes	No
cTrader	No	No	No
TradingView	No	No	Yes
Proprietary platform	Yes	No	Yes
NinjaTrader	No	No	No
WebTrader	Yes	No	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	ZForex	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	No	No
API	No	No	No
Free VPS	Yes	Yes	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:

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 iOS
Weak user feedback on Android

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

	HFM	Plus500	OANDA
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	10,000,000	1,000,000
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	4.7	4.8
Google Play score	0	4.4	3.4
Mob. 2FA	No	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

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

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.9 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.8 /10

Regulation Tier-1

EUR/USD 0.7 pips

HFM Video Guides

FAQs

How is HFM regulated and what safety mechanisms are highlighted in broker reviews of its security framework?

HFM is regulated by several authorities, including Tier-1 regulators such as the FCA in the UK and CySEC in Cyprus, with investor compensation schemes of up to £85,000 and €20,000 respectively. The broker has a safety score of 10/10, offers negative balance protection, requires KYC verification, and has been operating since 2010, which Traders Union experts associate with a high security level under their methodology.

What do reviews of HFM say about its trading commissions and non-trading fees?

According to the section on commissions and fees, HFM’s overall fee level is rated 8/10, with low forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees listed. Standard account spreads on EUR/USD typically range from 0.3 to 1.4 pips, while RAW/ECN accounts show an average EUR/USD spread of 0.2 pips plus a $3 commission per lot.

What account types are available at HFM and how do their trading conditions differ?

HFM offers several account types, including Cent, Premium, Zero, Pro, swap-free Islamic, VIP, PAMM, and demo accounts, with a minimum initial deposit from USD 5 and some accounts starting from $0. The Cent, Premium, Zero, and Pro accounts provide leverage up to 1:2000 and varying limits on open positions, and most accounts use floating spreads starting from 1 pip, except the Zero Spread account where spreads start from 0.

Which trading platforms and tools does HFM support according to platform reviews?

HFM supports MT4, MT5, a proprietary platform, and WebTrader, and offers features such as one-click trading, support for trading bots (EAs), scalping, and around 130 indicators across about 500 tradable assets. Additional tools include a free VPS and Autochartist, while Trading Central, API access, a strategy (EA) builder, cTrader, and TradingView integration are not listed as available.

What do reviews and feedback reveal about HFM’s mobile trading apps?

The mobile section notes that HFM provides iOS and Android apps with indicator and alert support, but assigns a safety score of 3/10, indicating limited user interest or weaker app performance. App store ratings are shown as 0 on both major platforms and mobile 2FA is not supported, suggesting that, based on available user reviews and metrics, the mobile experience may be less positively rated than other aspects of the service.