HFM (HF Markets) Review
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.
- Minimum Deposit: $5
- Trust Score: 85
- Tradeable Symbols (Total) : 1066
HFM pros & cons
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.
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
| Feature | HFM (HF Markets) |
|---|---|
| Overall | |
| Trust Score | 85 |
| Offering of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research | |
| Mobile Trading Apps | |
| Education |
Is HFM safe?
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
| Feature | HFM (HF Markets) |
|---|---|
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Tier-3 Licenses | 1 |
| Trust Score | 85 |
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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.
