HFM (HotForex) has been a reputable forex broker since 2009, offering a wide range of services globally.

Known for tight spreads, up to 2000x leverage, and SWAP-free trading on select commodities, HFM provides a competitive trading environment.

Simple Account Opening Assistance

If you have any questions about opening an account, simply fill out our quick questionnaire.

From account setup to receiving Connect Cash Money rebates, our customer support is here to help at every step.

About HFM’s rebate rate (forex trading)

Generally, overseas forex brokers tend to have wider spreads compared to domestic ones. In such cases, instead of receiving a one-time cash bonus, getting cash back on every trade can be more effective in reducing overall trading costs.

That’s where the HFM Cash Back Account comes in — a service specifically designed to provide ongoing rebates for every transaction, helping traders save more in the long run.

General Rebate Account
Premium / Saved Value Bonus Account9.5USD~28.5USD
Cent Account
Zero Account / Pro Account3.456USD
Receive Rebate on your trading account
Premium / Saved Value Bonus Account9.9USD~29.7USD
Cent Account
Zero Account / Pro Account3.6USD
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Rebate Conditions Overview:

  • Commission per 100,000 currency units:
    0.1 spread = $1 USD

  • Gold & Silver Rebates:
    Please refer to the detailed chart [Here] (replace with actual link if needed)

  • Other Instruments (Indices, Stocks, Oil, etc.):

    • Cashback via account balance: 0.095 pips spread per lot

    • Direct payment option: 0.099 pips spread per lot

  • ⏳ Trade Duration Rule (Effective April 29, 2024):
    Trades closed within 2 minutes will not be eligible for rebates.

  • 🎁 Bonus Usage Rule:

    • Trades made only using bonus funds are not eligible for rebates.

    • If a partial bonus is used as margin, the rebate will be reduced proportionally.

About switching to a trading account

If you choose to use a rebate account, the rebate will be credited directly to your personal bank account. 

If you would like to have your commission paid to your HFM trading account, you can request this via the link below.

Reduce trading costs by using cash rebates!

When you open a rebate account, you can start to receive a rebate from the smallest trading unit.

Even though HFM spreads are already set very tight, you can further reduce your trading costs by using cash rebates.

Currency Pairs

Premium Account

Minimum Spreads

RebatesActual Transaction Costs
EURUSD1.5pips0.99pips0.51pips
USDJPY1.6pips0.99pips0.61pips
EURJPY2.3pips0.99pips1.31pips
GBPJPY3.9pips0.99pips2.91pips
AUDJPY2.8pips1.089pips1.711pips
CADJPY3.2pips1.188pips2.012pips
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Commitment to the highest commission rates

We offer higher rebate rates than other IBs.

If any other IB has a higher rebate rate than ours, please contact us through the form below.

Click here to open a cash back account

You may proceed through the following 4 steps to open a new registration form.

Please refer to the detailed opening schedule in the “HFM New English Coupon Schedule.

  1. Click on the designated link below to open an account
  2. Cash Rebate Registration System (Please refer to the registration method) Here
  3. Registering an open account number from your user page
  4. Cashback occurs on every transaction after registration is complete

About opening additional accounts (IB transfers)

HFM does not allow changes to be linked to our cashback account from accounts that were not originally opened through us.

To open our cashback account, you need to open a new account from myHF.

For detailed steps on how to open an add-on account, please refer to “HFM Add-on Account Opening Process”. Enter “315938” in the “IB ID” field to open a cashback account associated with us.

The industry’s fastest withdrawals

We have introduced a new payment system, allowing us to process your commission payouts as early as the next day after the transaction — offering one of the fastest turnaround times in the industry.

Withdrawal of commission without any additional handling fees

The rebate amount will be directly credited to your trading account, with no handling fees for withdrawals.
Additionally, we do not charge any currency exchange fees — so you can use our service with confidence.

HFM (HotForex) Unique Bonus Programs

of May 2, 2024,  “20% Bonus on Saved Value Campaign” is underway.

In addition, there will be “Loyalty Program” where points are accumulated and “Free Margin Return” where you can get cash back.

※Please note that any unauthorized use of bonus funds or participation in the program with false documents is strictly prohibited.

20% Deposit Bonus Program

The 20% Deposit Bonus is available for deposits made into the Deposit Bonus (Saved Value Bonus) account.
This account offers similar specifications to the Premium account but features leverage up to 1000x and an average spread of approximately 1.4 pips.

Overview of the 20% Deposit Bonus:

Object Accounts

Deposit Bonus (Saved Value Bonus Account)

(Leverage 1000x, average spread 1.6pips)

Amount20% of deposit amount 
ConditionsDeposit to the Deposit Bonus Account
Event PeriodMay 8, 2023 – end date not yet determined

Please Note the Following When Accepting the Bonus:

  • Only one Deposit Bonus account is allowed per person.

  • The maximum leverage for a Deposit Bonus account is 1000x.

  • Accounts with no trading activity for over 60 days will be terminated.

  • Withdrawing funds from the account will result in a proportional reduction or loss of the bonus amount, depending on the withdrawal amount.

HFM Loyalty Program

HFM offers a Loyalty Program that rewards clients for their trading activity.
Anyone with an active account is eligible to apply and start earning loyalty points for every trade.
As the number of trading days increases, your reward level will rise, allowing you to earn more points per trade.

Incentive LevelNumber of trading days required to upgradePoints Earned
RED0 day6 point/1Lot
SILVER31 day8 point/1Lot
GOLD62 day10 point/1Lot
PLATINUM105 day12 point/1Lot

To earn loyalty points, trades must meet the following conditions:

  • Positions must be held for more than 5 minutes

  • Price difference between entry and exit must exceed 5 pips

As a result, quick scalping trades with small profits do not qualify for points.

Please note:

  • If no trading activity occurs for more than 30 days, your level will reset to the lowest tier, and all accumulated points will be forfeited.

How to Use Loyalty Points:

  • Convert points into cash (1 USD = 35 cents worth of points)

  • Redeem for VPS hosting services

  • Exchange for exclusive trading insights from professional analysts

Return On Free Margin(ROFM)

Return On Free Margin (ROFM) is a program that offers up to 3% rebate based on daily free funds and cumulative trading volume for the month.

The program is available to all accounts except PAMM accounts, simply click on the “Get ROFM” button in the myHF area to participate in the promotion.

Applicable trading instruments include currency pairs and metals, and positions must be held for more than 3 minutes.

The free money is calculated as follows, and the commission rate is based on the daily free money and the cumulative trading volume of the month.

Remaining Margin = Total Assets – Required Margin

Return = Residual Margin × (Return Rate ÷ 100 ÷ 365)

 5~50lots return rate50 lots above return rate 
Less than 1,000 USD0%0%
1,000USD~25,000USD2%2.5%
25,000 USD~2.5%3%

Payments will be made to your wallet account in the first week of the following month and withdrawals can also be made.

Details of HFM (HotForex)

Since its founding in 2009, HFM (formerly HotForex) has been committed to serving clients worldwide. Known for its diverse range of trading products and innovative bonus programs, the broker has steadily gained global popularity.

In May 2022, the brand officially transitioned from HotForex to HFM, reflecting its evolving identity and international expansion.

HFM (HotForex) Corporate Profile

HF Markets Group, the parent company of HFM, has established a strong global presence with over 1.3 million accounts opened worldwide.

Following the implementation of ESMA regulations in 2018, HFM strategically expanded its services to individual investors in Asia through its licensing and operations in St. Vincent and the Grenadines.

In 2019, HFM further solidified its international reach by establishing a legal presence in Dubai, where it obtained regulatory approval from the Dubai Financial Services Authority (DFSA).

Recognized as a top-tier broker in Europe, HFM continues to enhance its brand by offering a diverse portfolio of trading products—extending beyond forex—to meet the evolving needs of traders worldwide.

Legal NameHF Markets(SV)Ltd.
Year of Establishment2010
CountrySt. Vincent & Grenadine Islands
Place of BusinessSuite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.
Financial LicenseSt. Vincent and the Grenadines Financial Services Authority (FSA): 22747
Negative Balance DisposalNegative Balance Protection System
Mode of OperationNDD method (STP clearing)
Maximum Leverage2000X
Customer Service SupportEnglish
Margin ManagementSeparate management (civil indemnity insurance system up to EUR 5 million)
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In addition to HFM’s Seychelles license, the Group has obtained the following licenses.

The UK license is notoriously difficult to obtain and its credibility is unquestionable.

Company NameRegulatory AuthorityLicense Number
HF Markets (UK) LtdUK Financial Conduct Authority (FCA)801701
HF Markets (Europe) LtdCyprus Securities and Exchange Commission (CySEC)183/12
HF Markets (DIFC) LtdDubai Financial Services Authority (DFSA)F004885
HF Markets SA (PTY) LtdFinancial Conduct Authority of South Africa (FSCA)46632
HF Markets (Seychelles) LtdFinancial Services Authority of Seychelles (FSA)SD015
HFM Investments LtdKenya Capital Markets Authority (CMA)155
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HFM (HotForex) Review

HFM (formerly HotForex) is a reputable and well-established broker with more than 10 years of industry experience. Cases of withdrawal denial are extremely rare, reinforcing its credibility among global traders.

However, due to HFM’s growing popularity, there has been a rise in scam websites and social media accounts impersonating HFM in recent times. To ensure your security, always access the official HFM website and bookmark it for safe use.


Why Choose HFM?

HFM offers an exceptional trading environment, packed with features designed to support both beginners and professionals:

  • Leverage up to 2000x

  • 📉 Ultra-low spreads starting from 0.0 pips

  • 🕌 Islamic (swap-free) trading available for specific periods

  • 📈 Trade over 1200 financial instruments

  • 🎁 Unique bonus and loyalty programs

  • 💳 Flexible deposit and withdrawal methods

  • 🔐 Negative balance protection and no margin call requirements


HFM Account Types

HFM offers four distinct account types tailored to different trading needs:

  1. Premium Account
    The most popular and versatile account type—suitable for all types of traders.

  2. Cent Account
    Ideal for beginners or micro trading, allowing trades in smaller lot sizes (e.g., 10 currencies).

  3. Zero Account
    ECN-based, offering ultra-tight spreads with commission fees—perfect for scalpers and high-volume traders.

  4. Pro Account
    Designed for professionals, this account offers tight spreads with no commission.
    Note: Only one Pro Account can be opened per myHF account.

Account TypeCent Account PremiumAccount ZERO Account Pro Account 
Trading Platform

MT4,MT5,WebTrader

(Support Windows、Mac、Android和iOS)

Currency PairUSDUSD、EUR、NGN
CommodityForex, GoldForex, Precious Metals, Energy, Commodities, Indices, Stocks, Bonds, ETFs, Cryptocurrencies
Maximum Leverage2000X
Handling FeeNoneRound 6 USD/1 LotNone
Minimum DepositNo Limit

100 USD

(100 USD /100 EUR)

Minimum Spread1.2 pips0pip0.6pips
Minimum trade size0.01 Lot(10 Currency)0.01 lots(1000 Currency)
Maximum Number of Trades150500
Margin Call50%
Close Out20%
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HF Copy Accounts with Cent Type Options

HFM offers a Copy Account feature through HF Copy, allowing users to replicate the trades of professional traders (also known as strategy providers) in real-time. This is an ideal option for beginners or investors who prefer passive trading.

How It Works:

  • Both Strategy Providers (experienced traders) and Followers (copy traders) can access the HF Copy section via the menu on the left side of the myHF dashboard.

  • Users can open and configure their copy accounts directly from this section.

  • Important: You can only follow or be followed by users with the same account type as yours.

 Cent AccountPremium AccountPro Account
Trading Platforms

MT4,WebTrade

(Supports Windows, Mac, Android, and iOS.)

Account Currency PairsUSDUSDUSD
CommoditiesForex, GoldForex, Gold, Energy, Indices, Cryptocurrencies
Maximum Leverage500 X
Handling FeeNone
Minimum Deposit

Strategy Trader: $25 USD

Single: $10

Strategy Trader: $100 USD

Single: $25 USD

Strategy Trader: $100 USD

Single: $100 USD

Minimum Spread1.2pips0.6pips
Minimum Trading Unit0.01 lot (10 currency)0.01 lot (1000 currency)

Total Maximum Trading Lots

(Position)

200 US cents60 standard lots
Maximum Number of Trades150300
Margin Call50%
Forced Closure of Positions20%
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Maximum leverage of 2000x

In HFM, except for Top-up Bonus and Duplicate accounts, all account types can use up to 2000x leverage.

While HFM offers leverage of up to 2000x, please be aware of the following conditions and limitations:

  • Maximum leverage of 2000x applies only to FX currency pairs and gold.

  • Each account type has a different effective margin requirement, which may place additional limits on leverage.

  • During high-volatility periods, such as:

    • 15 minutes before to 5 minutes after major economic news or data releases

    • Between 23:00 and 01:00 server time

    The maximum leverage on newly opened orders is automatically reduced to 500x to protect clients from rapid market movements.

These measures are part of HFM’s risk management strategy to ensure safer trading conditions during unstable market periods.

Effective Margin in Trading AccountLeverage
0~4,999.99 USD2000X
5,000~39,999.99 USD1000X
40,000~99,999.99 USD 500X
100,000 USD~200X
300,000 USD~※75X
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※Applicable to positions of 50 lots or more.

Spreads and SWAPs on Forex Currency Pairs

HFM offers a wide selection of forex trading opportunities, featuring:

  • 15 Major currency pairs

  • 38 Minor currency pairs

Leverage and Spreads

  • Maximum leverage:

    • 2000x on most forex pairs

    • 20x on USD/TRY

    • 200x on ZAR/JPY

  • Spreads are competitive and in line with the industry average

Swap-Free Trading

HFM allows non-Islamic clients to trade select currency pairs swap-free for a limited period, across all accounts except the Top-up Bonus account.

  • You can view eligible swap-free pairs and their allowed duration from the “Markets” section on the official HFM website.

  • For each trading instrument, click on the desired pair to check:

    • Minimum spreads

    • SWAP charges

    • Number of swap-free days (displayed as “0” for non-eligible pairs)

As of May 15, 2024:

Below are the minimum spreads and SWAP rates for Premium accounts as published on the official HFM website.

(You can insert the table or data here if available.)

Major Currency PairsMinimum SpreadShort SWAPLong SWAP
CADCHF2.4-80
CADJPY3.2-14.70
CHFJPY4.6-8.80
EURCAD2.80-9.5
EURCHF2.7-70
EURGBP1.90-5.7
EURJPY2.3-13.90
EURUSD1.50-9.2
GBPCAD3.7-3.4-4.6
GBPCHF2.9-11.80
GBPJPY3.9-24.60
GBPUSD1.90-6.2
USDCAD2.3-5.4-0.4
USDCHF2.2-11.20
USDJPY2.2-17.40
Minor Currency PairsMinimum SpreadShort SWAPLong SWAP
AUDCAD2.9-0.6-4.5
AUDCHF3-5.80
AUDJPY2.8-13.40
AUDNZD40-7.5
AUDSGD4.8-3.5-4.5
AUDUSD1.80-4.7
CHFSGD8.6-5.8-11.4
EURAUD2.8-0.9-7.8
EURHUF63.30-175.8
EURNOK71.9-49.2-55.9
EURNZD3.70-15.7
EURPLN61.60-69.3
EURSGD4.7-1.7-9.8
EURZAR159.90-395.1
GBPAUD3.7-9.2-0.5
GBPNZD5.3-1.5-10.4
GBPSGD6.9-6.4-9.6
GBPZAR213.70-451.5
NZDCAD3.7-4.9-0.4
NZDCHF3.4-6.9-0.1
NZDJPY2.5-14.50
NZDUSD2.4-2.6-2.9
SGDJPY4.1-3.7-1.6
USDCNH18.4-77.60
USDCZK27.70-87.5
USDDKK20.8-84.90
USDHKD30.2-730
USDHUF55.40-145.2
USDMXN117.80-598.6
USDNOK63.9-78.6-3
USDPLN53.6-1.1-45.1
USDRUB632-248.5-187.2
USDSEK59.7-100.70
USDSGD6.8-10.1-3.4
USDTHB1.8-2-3
USDTRY156.30-2159.5
USDZAR※11190-236.2
ZARJPY※24.3-88.61
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※1 Maximum leverage is 20 X
※2 Maximum leverage is 200 X

About trading products such as CFDs

HFM offers a wide selection of forex trading opportunities, featuring:

  • 15 Major currency pairs

  • 38 Minor currency pairs

Leverage and Spreads

  • Maximum leverage:

    • 2000x on most forex pairs

    • 20x on USD/TRY

    • 200x on ZAR/JPY

  • Spreads are competitive and in line with the industry average

Swap-Free Trading

HFM allows non-Islamic clients to trade select currency pairs swap-free for a limited period, across all accounts except the Top-up Bonus account.

  • You can view eligible swap-free pairs and their allowed duration from the “Markets” section on the official HFM website.

  • For each trading instrument, click on the desired pair to check:

    • Minimum spreads

    • SWAP charges

    • Number of swap-free days (displayed as “0” for non-eligible pairs)

As of May 15, 2024:

Below are the minimum spreads and SWAP rates for Premium accounts as published on the official HFM website.

(You can insert the table or data here if available.)

LabelNameMinimum SpreadMaximum LeverageShort SWAPLong SWAP
PalladiumPalladium5.420X-0.54-1.61
PlatinumPlatinum6.6Float-0.5-1.5
XAGEURSilver/Euro0.028100X0-2.9
XAGUSDSilver/USD0.03100X0-4
XAUEURGold/Euro0.262000X0-25.9
XAUUSDGold/USD0.252000X0-36.87
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Energy

For energy, you can trade spot and futures UK Brent Crude Oil (UKOil) and US Crude Oil (USOil).

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

Subject (spot)NameSpreadMaximum LeverageShort SWAPLong SWAP
UKOIL.SUK Brent Crude Oil0.0766X-1.67-0.2
USOIL.SU.S. Crude Oil0.150X-0.95-0.45
Subject (Futures)NameSpreadLeverageShort SWAPLong SWAP
UKOILUK Brent Crude Oil0.0766X-0.870
USOILU.S. Crude Oil0.1150X-0.870
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Commodities

For commodities, there are 5 futures contracts to choose from.

All unexecuted orders will be automatically deleted at the close of the daily market.

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

SubjectNameMinimum SpreadMaximum LeverageShort SWAPLong SWAP
CocoaUS Cocoa1066X-0.5-1.58
CoffeeCoffee1.02Floating-0.51-1.54
CopperCopper0.008Floating-0.53-1.58
CottonUS Cotton No.20.3266X-1-3.3
SugarSugar #110.06Floating-0.13-0.39
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Stock Indices

For stock indices, there are 11 spot and 12 futures instruments that can be traded.

There will be a handling fee of USD 1 per lot (round trip) and the SWAP will be tripled every Friday.

As of May 15, 2024, the spreads and SWAPs published on HFM’s official website are as follows.

Spot SubjectNameMinimum SpreadMaximum LeverageShort SWAPLong SWAP
AUS200Australian 2001.7200X0.25-1.52
FRA40France 4020.13-1.31
GER40Germany 401.10.29-2.84
JPN225Japan 2259.3-2.17-2.04
NETH25Netherlands 250.230.01-0.85
SPA35Spain 356.50.16-1.63
SUI20Switzerland 204.3-0.5-1.39
UK100UK 1004.250.32-1.71
USA100US Tech 1002.10.76-3.32
USA30US Wall Street 303.61.93-8.44
USA500.SUS SPX5000.320.23-1.03
FuturesNameMinimum SpreadMaximum LeverageShort SwapLong Swap
EU50.FEU STOXX 503.13200X00
FRA40.FFrance 403.0800
GER40.FGermany 404.1300
JP225.FJapan 22511.300
N25.FNetherlands 250.5300
SUI20.FSwitzerland 20500
UK100.FUK 1003.6800
US100.FUS Tech 1003.1300
US30.FUS Wall Street 308.1300
US500.FUS SPX5000.8300
USDIndexUS Dollar Index0.04100X-5.5-8.5
VIX.FVolatility Index SP 5000.1400
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Cryptocurrencies

At HTM, you can trade 40 popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

Leverage ranges from 10 to 50 times, with a handling fee of $1 per lot.

Currency PairsMinimum SpreadMaximum LeverageShort SWAPLong SWAP
BCHUSD1.810X-450-450
BNBUSD0.1-30-30
BTCEUR3750X-5000-6000
BTCUSD56-6000-6000
DSHUSD1.710X-162-162
EOSUSD0.06-55-55
ETCUSD1.5-25-25
ETHEUR4.350X-1000-2000
ETHUSD3.9-1000-2000
IOTUSD0.0210X-14-14
LTCEUR250X-1000-2000
LTCUSD2.3-1000-2000
NEOUSD110X-7-7
OMGUSD0.09-5-5
TRXUSD0.004-10-10
XLMUSD0.0006-10-10
XMRUSD1.4-115-115
XRPUSD0.0145X-100-200
ZECUSD1.110X-146-146
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Stocks

At HFM, you can trade 93 hot major symbols.

A 0.1% handling fee will be charged for stock trading with a maximum trade size of 5000 shares.

All unexecuted orders will be automatically deleted at market close.

Please refer to the following links for all trading symbols and their detailed information:

HFM/Stock

Bonds

At HFM you can trade European Bonds, UK Bonds and US 10-year Treasuries without SWAPs.

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

SubjectNameSpreadMaximum LeverageShort SWAPLong SWAP
EURUND.FEUR Bund0.0550X0.00.0
UKGILT.FUK Gilt0.0550X0.00.0
US10YR.F

US 10-year

Treasury Note

0.0650X0.00.0
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ETF(Exchange-Traded Fund)

Exchange-Traded Funds (ETFs) are investment trusts listed on stock exchanges and typically track specific indices.
At HFM, you can trade 23 ETFs across various sectors, including:

  • Mining

  • Energy

  • Technology

  • Healthcare

  • Real Estate

  • And more

Leverage: Up to 5x
Spreads: Provided directly by respective exchanges
Triple SWAPs: Applied every Friday

🔗 Detailed ETF compositions and underlying information are available via the link below.

 Maximum DepositMinimum DepositDeposit TimeDeposit Fee
Domestic bank transfer30,000USD100 USDWithin 10 minutesFree
JCB Card30,000USD100 USDWithin 10 minutesFree
VISA・Master Card30,000USD1000 USDImmediate None
     
BXONE30,000USD100 USDWithin 10 minutesNone
BinancePay20,000USD20 USDImmediate None
Cryptocurrency30,000USD30 USDImmediate None
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The deposit process can be found in the link below.

Withdrawal Methods

HFM offers the following withdrawal methods.

 Minimum withdrawal amountDeposit TimeWithdrawal Fee
Domestic Bank Transfer100 USD2 business days

 

None
    
BXONE100 USDImmediate None
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※Depends on the bank you use

The withdrawal process can be found in the link below.

About HFM (Formerly HotForex)

Established in 2009, HFM (previously known as HotForex) has become a globally recognized forex and CFD broker. With a wide array of financial products, innovative bonus programs, and robust platform offerings, HFM continues to attract traders from around the world. In May 2022, the brand rebranded from “HotForex” to “HFM” to reflect its expanded global focus.

Trade ETFs with Leverage

HFM offers 23 ETFs across various sectors, including mining, energy, technology, healthcare, and real estate.

  • Up to 5x leverage available

  • Spreads provided by respective exchanges

  • Triple SWAP applies on Fridays

Low Entry Barrier for Traders

At HFM, trading is accessible:

  • Standard Forex Account: Trade from 0.01 lot (1,000 currency units)

  • Cent Account: Minimum trade size of 10 currency units (0.01 lot)
    This flexibility allows traders to manage risks better, especially in high-leverage environments.

Platforms & Tools

Trade on the go via MT4 and MT5 platforms, available on PC, tablets, and smartphones.

  • MT4: Best for EAs and custom indicators

  • MT5: Ideal for autonomous trading with growing tool support

  • No restrictions on scalping, hedging, or automated trading (EAs)

Advanced Fund Management

  • Client funds held separately from company operating capital

  • Backed by civil indemnity insurance up to €5 million, covering insolvency, errors, and fraud

  • All clients use myWallet, a secure internal wallet system for fund transfers between trading and withdrawal accounts