BREAKING: HotForex Rebrands to HFM to Reflect Broad Offerings (2024)

FAQs

Is HFm broker legit? ›

HFM is considered Trusted, with an overall Trust Score of 86 out of 99.

We are evolving into HFM because the new name HFM better reflects the variety of products and services we offer. Through the years we have become a global multi-asset broker whose products and services go beyond Foreign Exchange Trading (Forex).

HFM - World Leader in Online Trading | Regulated Broker.

Overall, HFM which is regulated by the FSCA, can be summarised as a trustworthy and safe regulated broker in South Africa. HFM offers exceptional 24/5 educational support and low spreads. HFM is regulated by Tier 1 and Tier 2 Trading Bodies. They have a high trust score of 95 out 99.

Kgopotso Mmutlane is one of the youngest millionaires in South Africa. On top of that, he is among few youngest and most successful Forex traders. According to him, he owes his success to Forex trading.

Metatrader platforms at HotForex are presented by MT4 and MT5 platforms. These are the most famous trading software in the world.

HFM group accepts clients from all over the world, excluding USA, Canada, Sudan, Syria and North Korea.

What leverage does HFM offer? ›

Leverage available for HFM trading accounts is up to 1:400 depending on the account type.

The 30 USD No Deposit Bonus Program is a bonus scheme offered by HF Markets (SV) Ltd (herein the “Company”) to the Eligible Clients of the Company who satisfied the criteria. This bonus scheme offers to Clients the opportunity to start trading the markets in a real environment without investing their own funds.

Traders are offered zero-pip spreads and competitive commission fees. HFM offers trading on MT4 or MT5 across devices and account types. The broker is well regulated through various bodies. HFM caters for beginners and professionals by offering flexible account types, education, and research.

Does HFM charge a commission? Commission is applies on Zero Spread accounts of between $3 to $4 per single side and $6 to $8 per round turn. Commissions are also according to two structures that determine charges according to the instrument and the volume traded.

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.