HFM Review

Our Review Method

• Forex BD leading financial experts with over 10 years experience in Forex Trading check trading offering in detail including fees, platforms, verified licenses, contacted customer service and placed traders to see trading conditions and give expert opinion about HFM \ HotForex.

What is HFM \ HotForex?

HFM \ HotForex is a leading forex trading broker that offers traders access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The broker was founded in 2007 and is headquartered in Sydney, Australia, with additional offices in several other countries.

HFM \ HotForex is regulated by the Australian Securities and Investments Commission (ASIC), which is a respected regulatory body in the financial industry. This regulatory oversight ensures that the broker adheres to strict rules and regulations, and provides traders with a level of protection against fraud, manipulation, and other unethical practices.

• One of the key advantages of HFM \ HotForex is its low spreads and fast execution speeds. The broker offers three types of trading accounts: Standard, Raw Spread, and cTrader. Each account type has its own pricing model and features to cater to different trading styles and needs.
• The Standard account has no commissions and features variable spreads, while the Raw Spread account offers raw spreads with a small commission per lot. The cTrader account is designed for ECN trading and offers tight spreads and fast execution speeds with a commission per lot. All three account types provide traders with access to the MetaTrader 4 and 5 platforms, which are widely used in the forex industry.
• HFM \ HotForex also offers traders a range of advanced trading tools and features, including the MetaTrader Supreme Edition, which is a plugin that adds over 60 additional features to the MetaTrader platform. The broker also offers VPS hosting, which allows traders to run their trading strategies 24/7 without interruptions.

Overall, HFM \ HotForex is a well-regarded forex trading broker that provides traders with competitive pricing, fast execution speeds, and advanced trading tools. With its range of account types and educational resources, HFM \ HotForex is a suitable option for traders of different skill levels and trading preferences.

HFM \ HotForex Pros and Cons

HFM \ HotForex is a leading forex trading broker that offers traders a range of advantages and disadvantages, including:

Pros:

1. Tight Spreads: HFM \ HotForex offers some of the tightest spreads in the industry, which makes it an attractive option for traders looking to minimize trading costs.

2. Fast Execution Speeds: The broker has fast order execution speeds, which ensures that traders can enter and exit trades quickly and efficiently.

3. Advanced Trading Tools: HFM \ HotForex provides traders with a range of advanced trading tools and features, including the MetaTrader Supreme Edition plugin and VPS hosting.

4. Educational Resources: The broker offers a range of educational resources, including trading guides, webinars, and video tutorials, to help traders improve their trading skills.

5. Regulation: HFM \ HotForex is regulated by the Australian Securities and Investments Commission (ASIC), which provides traders with a level of protection and ensures that the broker adheres to strict rules and regulations.

   Cons:

   1. Limited Funding Options: HFM \ HotForex offers limited funding options, which may be a disadvantage for traders who prefer to fund their accounts using alternative payment methods.

   2. No Fixed Spread Accounts: HFM \ HotForex does not offer fixed spread accounts, which may be a disadvantage for traders who prefer the stability of fixed spreads over variable spreads.

   3. Inactivity Fee: The broker charges an inactivity fee of $15 per month if a trading account is inactive for a period of 12 months or more, which may be a disadvantage for traders who do not trade frequently.

   4. No Negative Balance Protection: HFM \ HotForex does not offer negative balance protection, which means that traders may lose more than their account balance in the event of a market gap or slippage.

   5. Limited Trading Instruments: Although HFM \ HotForex offers a range of financial instruments, the broker’s selection is somewhat limited compared to other brokers.

HFM \ HotForex Review Summary in 10 Points

Headquarters	Sydney, Australia
Regulation	CySEC, FCA, DFSA, FSCA, FSA
Platforms	MT4, MT5, cTrader, Web Trader
Instruments	170+ trading tools with Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies
Demo Account	Available
Minimum deposit	5 US$
EUR/USD Spread	0.0 pips
Base currencies	Several currencies available
Education	Trading Academy, Webinars Seminars, Numerous Tools
Customer Support	24/5

Overall HFM \ HotForex Ranking

Based on our Expert finds, ICM 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 \ HotForex is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions.

• HFM \ HotForex Overall Ranking is 9.4 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

 

Ranking	HFM \ HotForex	ForexPixel	Tickmill
Our Ranking
Advantages	Education	Spreads	Platforms

Why HFM \ HotForex??

• There are several reasons why traders may choose HFM \ HotForex as their preferred forex broker:

  1. Tight Spreads: HFM \ HotForex offers some of the tightest spreads in the industry, particularly on its Raw Spread and cTrader accounts, which can help traders reduce trading costs.

  2. True ECN Trading: HFM \ HotForex offers true ECN trading on the cTrader platform, which allows traders to access deep liquidity from multiple providers and enjoy fast order execution without any dealing desk intervention.

  3. Advanced Trading Tools: HFM \ HotForex provides traders with a range of advanced trading tools, including custom indicators, automated trading strategies, and order management tools, which can help improve trading performance.

  4. Multiple Trading Platforms: HFM \ HotForex offers multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary WebTrader platform, giving traders a range of options to choose from.

  5. 24/7 Customer Support: HFM \ HotForex provides 24/7 customer support in multiple languages, including English, Chinese, and Spanish, which can help traders get the help they need when they need it.

  6. Regulated Broker: HFM \ HotForex is a well-regulated forex broker that is authorized and licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) in Seychelles.

  7. Low Latency Trading: HFM \ HotForex‘ trading servers are located in the Equinix data centers in New York, London, and Tokyo, which allows traders to benefit from low latency trading and fast order execution.

     Overall, HFM \ HotForex is a reputable forex broker that provides traders with access to advanced trading technology, low trading costs, and a range of educational resources and tools. However, as with any form of trading, it is important to remember that forex trading carries a high level of risk, and traders should only trade with funds they can afford to lose.

Leverage

While trading with HFM \ HotForex we fount availability of fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly.

• HFM \ HotForex ( hfm.com )offers various leverage levels from the “modest” one as determined by European regulations allowing 1:30 for Forex instruments, and up to very high ratios of 1:500 available via international branch. Yet, again always make sure to learn about high risks of leverage, as retail trading accounts lose money rapidly due to high leverage.

Therefore, your leverage levels are firstly settled according to the regulatory requirement in the region or another also your prof level in finance, so make sure to verify with the customer support team which one you entitled to.

Account types

HFM \ HotForex provides an variety of account options with 5 different accounts based on specific requirements. The range offers ECN, Zero spread, Standard, VIP Accounts also you can select the Islamic Account suitable for traders.

• From the very beginning, you may sign in for Demo Account and then transfer it to a Live one just by depositing money.
• Each of the account types brings good flexibility and allowing to choose based on your trading strategy, allowing either beginning traders, investors or professionals to find its own way in trading.
• Another good point we admit is the opportunity to trade Micro lots, use Cent or Nano account, or specify account for Copy Trading. You may see below in our HICM Review snapshot below details of each, also negative and positive points to consider:

How to open HFM \ HotForex Demo Account?

To open a Demo account is pretty easy since there is no verification is needed at this step, we were able to open demo account in minutes. While you should simply follow the process of risk-free account opening on ICM website and get access to either MT4 or MT5 platforms with unlimited demo funds. So here is the step by step process of Demo Account opening:

Opening Trading Account step by step:

1.       Go into HFM \ HotForex Demo Account Sign In page

2.       If you are a new client enter your personal data First and Last Name, Country of residence, email, phone, etc. Or in case you’re existing client follow sign in HFM \ HotForex

3.       Fill in all required information for the first register of HFM \ HotForex

4.       An account will be approved almost immediately, where through your client area you can get access to New Demo Account, next you can follow with Live Account submit to manage your funds

How to open HFM \ HotForex Live account?

Once you ready or decided to start Live Trading you can submit for a Live account where HFM may ask you for confirmation of your documents including identity, residency and other proof before you start. In both cases, you will get access to HFM \ HotForex client area where you can manage all your accounts and finances.

What Instruments I can trade in HFM \ HotForex?

One of the HFM Pros also is offered market range that includes 25 trading tools and 200+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.

HFM \ HotForex Fees

HFM trading costs mainstays at the tight spread offering in general andl bringing some of the most attractive spread opportunities among the industry as we conclude based on our research, also proposing spreads from 0 pips on some accounts. However, is good to check on the additional, non trading fees and charges for deposits or withdrawals all in all concluding your trading costs, see fee table below:

• HFM \ HotForex Fees are ranked average, low with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Fees are different based on entity, yet traders can use free deposits and withdrawals mainly worldwide

Overview of the Non Trading Fees

Important to consider, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ IC Market inactivity fee per month.

Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our IC Markets review further.

Spreads

HFM \ HotForex fees are built in a transparent manner while the only charge is variable spread, which is a difference between bid and ask price, also HFM does not offer fixed spread (Find fixed spread brokers list here). HFM \ HotForex does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are, see our spread finds below:

Overnight Fee of HFM \ HotForex

As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps.

Deposits and Withdrawals

There are multiple ways to fund trading accounts supported by HFM. Besides broker issue its very own HFM \ HotForex MasterCard Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto for a straight transaction and the ability to make safe online payments.

• HFM \ HotForex Funding Methods we ranked Excellent with overall rating 10 out of 10. Minimum deposit is among lowest in industry, also Fees are either 0 or very small, besides range of supported funding methods is good, but be sure to verify conditions with entity you trade

Here are some good and negative points on HFM \ HotForex funding methods found:

Deposit Methods

One of the great points in we found is that HFM offers over 14 methods to deposit or withdraw money, also along the time adding more methods based either on new offerings like Crypto Deposits or enlarging accessibility to local transfers or payment methods available at the regions. Those methods include:

• major credit and debit cards
• wire transfers and domestic transfers available at some regions
• vast of e-wallets, including Cryptocurrency Deposit, fasapay, WebMoney, and more.

How do I deposit money on HFM \ HotForex?

So in order to deposit money on HFM \ HotForex you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment. HFM \ HotForex will process your withdrawal within a short time and is available 24/5.

What is the minimum deposit for HFM \ HotForex?

HFM \ HotForex minimum deposits start from 5$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well, also determined by the payment method you would choose.

HFM \ HotForex Withdrawal Review

HFM \ HotForex withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies.

How do I withdraw money from HFM \ HotForex?

In order to proceed with the Withdrawal, you should access your HFM \ HotForex area and submit a Fund Withdrawal request.

HFM \ HotForex.com Broker Review Withdrawal step by step

1.       Access your HFM \ HotForex page and account area

2.       Select ‘Fund Withdrawal’

3.       Chose the appropriate withdraw method and amount

4.       Confirm necessary data and processing time/ fees

5.       Submit

6.       Follow up and check on the process or confirmations through your page

How long does it take to withdraw money from HFM \ HotForex?

Various payment methods will process withdraw money in slightly different time. HFM \ HotForex accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.

Web Trading Platform

MT4 and MT5 ICmarkets terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously, however desktop version still remains the most complete with all features and add-ons available there.

Mobile Trading Platform

Of course, there is a mobile trading platform as well a IC markets Mobile Application with an option to trade “on the go”. MT4 and MT5 mobile trading are actually known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great, and we enjoyed testing it too.

IC Markets Platform Look and Feel:

Does HFM \ HotForex allow scalping?

Yes, HFM \ HotForex allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions.

Particularly about scalping, there is no restriction and HFM \ HotForex range of accounts alike with Zero spread may assist you even better to trade this strategy.

How do I manage my risk?

While placing an order you should manage your risks smartly while tools like Limit Order and Stop loss orders will assist you, since they are the most basic risk management toos. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define. Also, HFM \ HotForex provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too.

Customer Service

Another important point while choosing the broker and within our HFM \ HotForex Review is customer service. Eventually, the broker provides support in 27 languages which is an impressive number that covers almost all world most used languages, and allowing traders from almost any country to join trading and get quality support.

• Customer Support in HFM \ HotForex is ranked Good with overall rating 9 out of 10 based on our testing. As we check the traders’ reviews and tried HFM \ HotForex Customer Service Live Chat for our tests too, the satisfaction statistics is good, and HFM \ HotForex provides a good level of customer support along with support materials, see our Ranking breakdown below:

HFM \ HotForex Research and Education

Education is another strong point of HFM \ HotForex since the broker concentrates and puts efforts on Europe, Africa and Asia regions so its allows various traders to join in.

• We found very well-designed and explained Trading courses, Live Webinars, Video Tutorials, Daily Analysis and Market Outlooks along with News Feeds all provided in impressive number of languages, so with HFM \ HotForex you have all potential to become a better trader whether you’re a beginner or a professional one.

For Research HFM \ HotForex provides an excellent range of analytical and research tools. This includes Analytical Objects, Economic Calendar, Autochartist and Trader’s Board for comprehensive analysis, as well as additional Premium Trading Tools. In addition, there is a VPS Hosting available, while free VPS packages provided to those who deposit from 5,000$

• HFM \ HotForex Education ranked with overall rating 10 out of 10 based on our research. IC Markets Trading Academy, Webinarsm Video and Analytics are at very very good level, we might rank with our over 10 years of Trading experience as one of the best education Brokers among the industry

HFM \ HotForex Review Conclusion

Overall, HFM \ HotForex is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. The services and products are tailored to specific requirements and bring very good range of choices including accounts, platforms, tools, and instruments with the ability to choose a suitable strategy with almost no restrictions.

Based on Our findings and Financial Expert Opinion HFM \ HotForex is Good for:

• Beginning Traders
• Trading Education
• Traders who prefer MT4 and MT5 platforms
• Currency Trading and CFD Trading
• Running various Strategies
• EAs trading
• PAMM Trading
• Excellent Research

So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. As well, HFM \ HotForex pricing is one of the lowest rates in the industry.FSA

HFM forex trading broker offers a range of facilities to its clients, including:

1. Trading platforms: HFM offers the popular MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are known for their user-friendly interfaces and advanced charting tools, making them suitable for both novice and experienced traders.

2. Range of financial instruments: HFM provides traders with access to a range of financial instruments, including currency pairs, indices, commodities, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities.

3. Fast execution speeds: HFM uses cutting-edge technology and sophisticated trading algorithms to ensure fast order execution. The broker boasts an average order execution time of less than 5 milliseconds, making it one of the fastest brokers in the market.

4. Tight spreads: HFM offers tight spreads, starting from as low as 0.0 pips. This allows traders to enter and exit trades with minimal costs, which is particularly important for scalpers and high-frequency traders.

5. Educational resources: HFM provides traders with access to a range of educational resources and trading tools. This includes market analysis, trading signals, and access to a team of experienced traders who can provide guidance and support.

6. Customer support: HFM offers customer support to its clients through email, live chat, and phone. The broker also has a dedicated FAQ section on their website, which provides answers to commonly asked questions.

It’s important to note that HFM is an unregulated broker, which means that they are not bound by the same strict regulatory standards as regulated brokers. While HFM has a good reputation in the industry, traders should exercise caution when trading with an unregulated broker and perform their own due diligence.

HFM – Open An Account from Orginal Site