Is HFM Scam Or Legit? Complete Review

Is HFM Scam Or Legit? Complete Review

HFM Review Is HFM Scam Or Legit? Complete Review

The right broker can make a world of difference in your online trading journey because they provide you the assets, platform, and conditions that shape your overall journey. If they are lacking in any way, you will suffer the consequences. Therefore, it is a decision that should be made after careful consideration and evaluation and the purpose of this HFM review is to help you in accomplishing this task. Previously known as HotForex, HFM is a multi-asset broker that offers forex and CFD trading services.

Established in 2010, HFM is headquartered in Cyprus and also has a number of other global offices. Its set of offerings will certainly come off as intriguing, but you still need to know the details to ensure it is the right fit for you. This can vary for every trader because your priorities, expectations, and goals might be different. Whether it is an appropriate choice for you or not, you should determine this after going through this HFM review.

Regulation and security

To find an appropriate broker, your first priority should be to choose a broker that is regulated and secure. This would make it easier to trust because it helps in minimizing the risk of malpractice, fraud, and scams. You need to check the regulatory status of the HFM broker as well and it is highly reassuring to see that it is regulated in multiple jurisdictions. First off, since it is headquartered in Cyprus, it is a given that it is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Other entities that regulate the HFM broker include the Financial Conduct Authority (FCA) in the UK, the Dubai Financial Services Authority (DFSA), the Financial Services Commission (FSC) in Mauritius, the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) in South Africa and the CMA in Kenya. It is also registered in the offshore zone of Saint Vincent and the Grenadines.

Suffice it to say, you are dealing with a secure broker when it comes to HFM, as it maintains segregation of client deposits from corporate funds and also participates in compensation funds, depending on the subsidiary you use.

Range of assets

While there are hundreds of thousands of assets that you can trade in the financial markets, not every broker is going to offer you the same choices. Each has its own asset index, so you need to know what assets are available and if they are what you want to trade. The HFM trading platform offers you a variety of assets to choose from, as there are more than 150 options you can explore and they belong to different markets.

You can access the global markets via the HFM trading platform, which includes forex, shares, bonds, commodities, energies, metals, DMA stocks, and ETFs. Most importantly, the broker has also added cryptocurrencies to its offerings, thereby ensuring that its clients can find all the variety they could want in one place.

Is HFM Scam Or Legit? Complete Review

Trading platform

How will you trade these assets? This is what the trading platform is for and you need to know which one is available and whether it is powerful and innovative enough. The HFM trading platform is none other than the award-winning and industry-leading MT4 as well as its latest version, the MT5. This should not come as a surprise because it offers one-click trading, along with access to a wide array of tools.

Other than the two leading platforms, you will find that the HFM trading platform choices also include the HFM Trading App, a mobile app that the brokerage has developed. It is available for both iOS and Android platforms and can take your trading experience to new heights.

Customer support

The HFM broker offers customer support in 27 languages, thereby allowing traders from all countries to get the assistance they need easily. They have live chat available and the support has a fast response, which is also handy.

Is HFM a scam or legit?

You do not have to stress about HFM scam because it is licensed in various jurisdictions and has a clean regulatory track record.

Is HFM Scam Or Legit? Complete Review


The HFM review shows that you are dealing with a customer-oriented broker that has a safe trading environment, which is suitable for every type of trader.

HFM Review
  • Overall Broker Rating


Here you can go through our detailed HFM review and learn whether or not HFM is a legitimate or scam broker for online trading. Moreover, our review will also help you learn what you can expect from the HFM broker if you decide to sign up.