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HFM (HotForex)

Best for Social Trading

⭐ 4.4/5

Open account at HFM (HotForex)
Founded
2010
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:1000
Regulated by
CySEC (Cyprus), FCA (UK), FSCA (South Africa), DFSA (Dubai)

Trading platforms: MetaTrader 4, MetaTrader 5

Pros

  • No minimum deposit on entry-level account types
  • HFcopy platform makes social/copy trading straightforward
  • Regulated in several major jurisdictions, including the FCA

Cons

  • Zero-spread Premium account requires a much higher deposit
  • Full instrument range varies by regulated entity/region

HFM, formerly known as HotForex, is a multi-regulated broker offering a wide spread of account types, from a no-minimum-deposit entry account up to a raw-spread Premium account.

Trading Fees

Entry-level accounts charge through the spread with no commission, while the Premium account offers spreads from 0.0 pips plus a commission for cost-conscious active traders.

Should you trade with HFM?

A flexible option for traders at any experience level — from complete beginners who want to start with no deposit, to more advanced traders interested in social/copy trading via HFcopy.