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HFM (HF Markets) Review

Steven Hatzakis

June 10th, 2022
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.03% of retail investor accounts lose money when trading CFDs with this provider. Products and Services may differ depending on the HF Markets Group entity you trade with. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average, and its HF mobile app does not yet support trading.


HFM pros & cons

thumb_up_off_alt Pros

  • Premium Trader Tools, developed by FX Blue Labs, enhance the default MetaTrader suite.
  • HFM has struck a good balance of in-house market analysis, third-party research content, and news.
  • In-house team produces special research reports including monthly, quarterly, and annual outlooks.
  • Correlation and sentiment data is available on HFM's Traders Board module.

thumb_down_off_alt Cons

  • Despite a decent selection of videos, HFMs educational content has room to improve, such as adding more articles.
  • Trading costs are slightly above the industry average — across all account types.
  • HFM's copy trading platform, HFcopy, requires 300 EUR to follow (copy) existing strategies and is not as mature as eToro's offering.
  • Though its HF app has improved, it still doesn't permit trading, leaving MetaTrader as the only option for traders at HFM.

Overall Summary

FeatureHFM (HF Markets)
Overall 4 Stars
Trust Score85
Offering of Investments 4 Stars
Commissions & Fees 3.5 Stars
Platforms & Tools 3.5 Stars
Research 4 Stars
Mobile Trading Apps 4 Stars
Education 3.5 Stars

Is HFM safe?

help 85
Trust Score

HFM is considered average-risk, with an overall Trust Score of 85 out of 99. HFM is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HFM is authorised by the following tier-1 regulators. Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureHFM (HF Markets)
Year Founded2010
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses3
Tier-3 Licenses1
Trust Score85

Gallery

Gallery

2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Read more on forex trading risks.


About the Author

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.








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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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