HotForex does, however, charge an inactivity fee on all accounts that remain dormant for more than six months. If your account is unused for between six months and one year, a $5 fee is charged. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site.
Non-trading fees
- The broker boasts licenses from some of the most prestigious and well-regarded financial institutions, civil liability insurance, and great customer support.
- Micro, Premium, HFCOPY, Zero Spread, PAMM, Auto accounts are available in HFM.
- HFM withdrawal options include cards, bank transfers and various e-wallets.
- Both MetaTrader 4 and MetaTrader 5 are available, complete with automated trading capabilities and numerous add-ons.
Should your account remain unused for between six months and one year, a $5 fee is charged. This increases to $10, $20, and the previous year’s fee + $10 per month for inactivity periods of 1-2 years, 2-3 years, and over 3 years respectively. This is a good account if you do not have the experience to trade on your own. We located the HFM evaluates research study revealed that the broker takes this extremely seriously.
Forex Trading Platforms
All accounts offer various trading tools with the variable HFM Spreads. HFM (formerly Hotforex) works on the ENC/STP model, implying that the trades are passed through third-party liquidity providers to ensure no conflict of interest with the clients and lower spreads. HFM is a company that has won many awards for providing excellent brokerage services to people investing in CFD and forex trading.
The authority is the regulator of non-bank financial services in the country and is responsible for the licensing, supervision and development of Seychelles’ non-banking financial services sector. HF Markets (Europe) Ltd. is required to disclose information relating to its capital, the risks to which the company is exposed, and to promote market discipline. It must also comply with the EU’s Markets in Financial Instruments Directive (MiFID) which is in place to provide a standardised regulatory regime for investment services in Europe. The main objectives of MiFID are to increase efficiency, improve financial transparency, increase competition and provide greater consumer protection in investment services.
HotForex Educational Features
Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors. CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments.. Throughout our review hotforex broker of HotForex forex broker, our experts found that providing superior trading execution is a main priority for the broker.
- In order to allow the entities to concentrate on their operations without having to worry about the safety of funds, they have implemented additional security measures.
- These are available for Russian, Chinese, Brazilian, Taiwanese, Indian, Indonesian, Nigerian, and Turkish clients.
- These brokers are required by law to keep your funds separate from their own operational money.
- If your transaction is over $100, HotForex will also cover any commissions or fees your bank or payment provider charges.
Discover more about our comprehensive review process and how we maintain transparency and impartiality here. Forex Traders always wish to trade with reliable and trusted forex brokers. Regulation ensures that your investments are protected and you are trading with a trustworthy and reliable platform. If you consider using HFM (HotForex), you may be wondering if it is regulated.
This correlation information can be used as part of the technical analysis of a trading strategy. The market manager is a small window that stays at the top so you can keep it in view while using other applications such as your web browser or media player. It provides an overview of account activity and allows multiple actions to be performed from the window. This session map gives you an overview of the main markets and time zones.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. Our review team contacted the broker several times and each time the response was impeccable. Support is offered 24/5, via live chat, email, or phone, and you can expect efficient, knowledgeable, and friendly agents.
HFM takes trader protection very seriously and all client funds are segregated. HFM offers market-leading insurance to all clients with a civil liability insurance program worth up to a limit of approximately $6 million or €5 million. HFM provides Forex educational content for traders of all levels of experience and investment. This educational material is available in the form of instructional videos and eBooks.
HotForex Review
This brokerage firm claims to serve more than one million people from various countries trading in bonds, cryptos, indices, currency pairs, and commodities. InstaForex rounds out the ECN broker selection with its focus on combining fast execution and transparent pricing. By offering MetaTrader 4 and MetaTrader 5, InstaForex caters to both manual operators and those heavily reliant on Expert Advisors or algorithmic scripts. The broker’s ECN account architecture integrates a broad liquidity base, typically allowing tight spreads on major currency pairs.
However, if you withdraw money with Skrill or Neteller, the withdrawal is instant. HFM (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group. Aside from rollover and inactivity fees, HFM does not charge any additional fees. This insurance protects against mistakes, negligence, omissions, fraud, and any other issues that could result in financial losses. You will be able to enjoy this coverage at no additional charge as an HFM client.
Is HFM a regulated broker?
The HFM Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units. Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want. In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on HFM (i.e. your personal information provided) is up to date. HFM offers a variety of very attractive bonus incentives for its clients. You can enjoy a bonus on every deposit if it meets certain requirements.
Most visited Forex reviews in 2025
This broker is well-regulated and has made considerable improvements in all service areas in the last ten years. Forex.in.rs evaluation rates this broker as the best broker in the market. The correlator allows traders to compare the correlation between 2 different instruments to spot emerging differences. It also indicates any open positions on the chosen symbol and recent price activity. The correlation matrix displays the correlation between different markets with areas of low or high correlation highlighted by a color code.
The commission-based alternative commences with a raw spread of 0.0 pips and average spreads of 0.2 pips for a commission of $6.00 per lot or total costs of $8.00 for major currency pairs. HotForex offers extensive analysis created by a team of four experts. This includes both technical and fundamental analysis of forex, cryptocurrencies, commodities, indices, and shares. You’ll also benefit from the insights of HotForex’s head market analyst Stuart Cowell.
A detailed annual audit is carried out by an independent auditor in order to inform the regulatory authority of any shortcomings. HFM offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HFM App. The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot.
At HotForex, you can open two different types of demo accounts as an existing client or a new one. These account types are designed to simulate real trading conditions with actual market developments and offer virtual balances of $100,000. Our HotForex reviewers found that you can use them as much as you like, making them perfect for both beginners who want to practice and veterans who want to try out new strategies. Open an MT4 DemoHotForex account to try trading with MetaTrader 4, or an MT5 DemoHotForex account to trade using MetaTrader 5. Besides, the broker offers a wide range of trading tools for convenient and effective trading, including exclusive analysing tools, a convenient economic calendar, VPS hosting, auto-trading and others.
The Zero Spread account offers incredibly tight spreads with no mark-ups. Instead, you will pay a commission that starts as low as $0.03 per 1K lot. Micro accounts can be opened for as little as a $5 deposit, whilst premium accounts require a slightly higher minimum deposit of $100. This HFM broker review found that HF Markets is a hybrid broker and it does not take the other side of its client’s trades resulting in no conflict of interest. This allows them full transparency, the ability to charge lower spreads and to focus on excellent customer service.
If any position is held overnight, swap or rollover fees are not charged for this account. This option is available in Auto, Micro, Premium, and Zero accounts. HFM is a regulated broker with a market maker license and sometimes acts as a market maker. The trading bonus is available only to non-European Union residents. Therefore, potential EU clients can not use forex or any CFD bonus. However, other broker promotions are usually available for all clients.
