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HFM Review 2026
HotForex — $0 minimum and 7 licences incl. FCA & DFSA
9.1/10
our score
our score
✓ 7 licences / registrations ✓ Available in ~231 countries Since 2010
HFM (formerly HotForex) is a multi-award-winning broker operating since 2010, regulated by seven authorities including the UK FCA, CySEC and the Dubai DFSA. It combines a $0 minimum deposit, raw-spread Zero accounts, MT4/MT5 and the HFCOPY copy-trading platform.
HFM key facts
| Founded | 2010 |
|---|---|
| Minimum deposit | $0 — No minimum on Cent, Premium and Zero accounts. Formerly known as HotForex. |
| Max leverage | Up to 1:2000 |
| Spreads | From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission) |
| Platforms | MT4, MT5, HFM app, WebTrader |
| Copy trading | Yes – HFCOPY |
| Regulation | Regulated by the FCA (UK), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), CMA (Kenya), FSC (Mauritius) and FSA (Seychelles). |
| Best for | All-round traders, copy trading, very high leverage |
Why traders choose HFM
- $0 minimum deposit on popular accounts
- 7 licences incl. FCA, CySEC and Dubai DFSA
- HFCOPY copy-trading platform
- Leverage up to 1:2000
HFM licences & regulation
| Country | Regulator / register | Entity | Licence no. | Type |
|---|---|---|---|---|
| 🇬🇧 United Kingdom | Financial Conduct Authority (FCA) | HF Markets (UK) Ltd | FRN 801701 | Top-tier |
| 🇨🇾 Cyprus | Cyprus Securities and Exchange Commission (CySEC) | HF Markets (Europe) Ltd | 183/12 | Top-tier |
| 🇦🇪 United Arab Emirates | Dubai Financial Services Authority (DFSA) | HF Markets (DIFC) Ltd | F004885 | Top-tier |
| 🇿🇦 South Africa | Financial Sector Conduct Authority (FSCA) | HF Markets SA (Pty) Ltd | FSP 46632 | National regulator |
| 🇰🇪 Kenya | Capital Markets Authority (CMA) | HFM Kenya entity | 155 | National regulator |
| 🇲🇺 Mauritius | Financial Services Commission (FSC) | HFM Mauritius entity | C110008214 | International |
| 🇸🇨 Seychelles | Financial Services Authority (FSA) | HF Markets (Seychelles) Ltd | SD015 | International |
You can confirm any licence on the regulator's official register.
HFM country availability
HFM welcomes traders from about 231 countries and territories worldwide. Check your country in our country guides.
Related HFM guides
Frequently asked questions
Is HFM real or fake?
HFM is a real, established forex broker operating since 2010. Regulated by the FCA (UK), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), CMA (Kenya), FSC (Mauritius) and FSA (Seychelles). Always use the official website (hfm.com) to avoid fake copies.
What is the HFM minimum deposit?
$0. No minimum on Cent, Premium and Zero accounts. Formerly known as HotForex.
Is HFM regulated?
Regulated by the FCA (UK), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), CMA (Kenya), FSC (Mauritius) and FSA (Seychelles).
What is the maximum leverage at HFM?
Up to 1:2000. Choose leverage that matches your risk plan.
Is HFM available in my country?
HFM welcomes traders from about 231 countries and territories. Find your country in our country guides to confirm.
How do I sign up for HFM?
Use the Visit Site button, register with email or phone, verify your identity and fund your account. See our step-by-step HFM sign-up guide.