HFM Review

HFM Review



What is HFM?
HFM is a multi-asset Forex broker that offers Forex and Commodities trading while previously was known as HotForex.To get more news about hfm review, you can visit wikifx.com official website.

HFM offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading.

The brokerage firm itself was established in 2010 with its headquarter in Cyprus, yet in addition serves several global offices including Dubai, South Africa also offshore entities in St Vincent and the Grenadines.
While indeed HFM shows great interest and impacts mainly in Africa (see Ghana Brokers), Asian and MENA regions which bring some of the great opportunities to global residents and plus to International proposals overall.
Besides, HFM offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily.
HFM Pros and Cons
HFM is a broker with a good reputation and regulations based on our finds. The offering is user friendly, we mark large portfolios for Forex and CFDs instruments, while fees are considered low compared to other popular brokers, besides minimum deposit is among lowest in industry allowing any size of traders to sign. Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally.

On the other hand, HFM has limited portfolio for EU clients, with only Forex and CFDs are offered. Also, international trading is done via offshore branches with lower requirements, however HFM has good reputation so is considered to sign in.
Overall HFM Ranking
Based on our Expert finds, HFM provides good trading conditions that might be some of the best for Forex trading and CFDs trading, also available in a global scale for international trading. HFM is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions.
HFM Alternative Brokers
Yet, we found not very wide range of trading instruments for European clients, it might be the case of regulations, but yet is good to check other industry proposals too. Besides DMA access to Futures or Indices trading is not available too.
Awards
Besides its looks to us an attractive trading proposal at first look, there are some confirmations about its trustworthy business due to official figures and numbers, as well as numerous industry awards that HoForex holds and counting. We also saw great development of HFM along the ttime, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions.
Where HotForex located?
In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc. Besides, wee see obvious evolvement in HFM growth and regulation, now Broker operates fully legally in Africa region too with South Africa and Kenya obtained licenses.

Also, there are HFM entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HFM multiple parallel regulations it is considered to be safe to trade with them.

See our conclusion on HFM Reliability:

Our Ranked HFM Trust Score is 9 out 0f 10 for good reputation, excellent service for years and constant growth and reaches to more jurisdictions. HFM holds reliable top-tier licenses, is one of the biggest Brokerages worldwide, while the only point is International trading available via the offshore entity.
How are you protected?
For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators.

While in addition to that HFM safeguard traders with a Civil Liability insurance program for a limit of €5,000,000, which includes coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss, giving extra layer of protection and another good point to our HFM Review. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of HFM licenses below.