Since its establishment in 2009, HFM (HotForex) has been providing a wide range of services around the world and has become a well-known forex broker.

HFM is known for its tight spreads, leverage of up to 2,000:1, and the availability of swap-free trading for selected products.

In addition, HFM provides comprehensive, high-quality customer support services, earning positive reviews from many users.

In 2022, HFM changed its brand name from “HotForex” to “HFM” and has frequently updated its account specifications.

Easy Account Opening Support Service

For customers who have questions about opening an account, we have provided an inquiry form for you to fill out.

Please feel free to contact our customer service for any questions you may have, from opening an account to receiving your rebate.

 

About HFM’s rebate rate (forex trading)

Generally speaking, compared with domestic forex brokers, overseas forex brokers have larger spreads. Under such a premise, rather than opening an account with a one-time cash return, each transaction can get a cash return is more likely to reduce transaction costs.

HFM’s cash back account is a service that addresses this need.

Standard Rebate Account
Premium Account / Deposit Bonus AccountUSD 9.5–28.5(Details)
Cent Account
Pro AccountUSD 3.456
Receiving Rebates in the Trading Account
Premium Account / Deposit Bonus AccountUSD 9.9–29.7(Details)
Cent Account
Pro AccountUSD 3.6

*Rebate amounts shown are per 100,000 currency units (0.1 pips is equivalent to USD 1).
*HF Copy accounts also generate rebates under the same conditions as standard account types.
*Trades made solely using credit are not eligible for rebates. If credit is used partially, the rebate amount will be reduced proportionally.

Earn Rebates on CFD Trading

With HFM (HotForex), you can earn rebates not only from forex trading but also from trading CFD products.

For the rebate rates applicable to each CFD product, please refer to the link below.

 

HFM / CFD Rebate Rates

Open a Rebate Account Here

You can open a rebate account by following the four steps below.

 

  1. Open an HFM account by following the links provided below
  2. Create a rebate account (see here for how to do this)
  3. Enter your HFM account number into the user page.
  4. Once you have done so, you will receive the corresponding rebate when you trade.

 

 

About switching to a trading account

If you choose to use a rebate account, the rebate will be credited directly to your personal bank account.

If you would like to have your commission paid to your HFM trading account, you can request this via the link below.

 

Opening additional accounts (IB transfers)

HFM does not allow existing accounts that were not originally opened through us to be linked to our rebate program.

To open an account linked to our rebate program, you will need to open a new account through myHF.

For detailed instructions on how to open an additional account, please refer to “HFM Additional Account Opening Process.” Enter “315938” in the “IB ID” field to open an account linked to our rebate program.

 

Reduce trading costs by using cash rebates!

When you open a rebate account, you can start to receive a rebate from the smallest trading unit.

Even though HFM spreads are already set very tight, you can further reduce your trading costs by using cash rebates.

Currency PairStandard Account Minimum SpreadRebateEffective Trading Cost
GBPUSD1.6pips0.99pips0.61pips
EURUSD1.4pips0.99pips0.41pips
USDJPY1.8pips0.99pips0.81pips

Guaranteed to offer the highest commission rate

We offer a higher commission rate than any other IB in the market.

When you find that other IBs are offering higher commission rates than us, please contact us using the form below.

 

The fastest withdrawal speed in the industry

We have implemented a rebate brokerage system so that we are able to make withdrawals as fast as possible in the industry.

Your commission will be credited on the next day after the trade is completed.

No Handling Fee when Withdrawing Rebate

TariTali does not charge any withdrawal fees when you withdraw your cashback rewards.

In addition, no transfer fees will be charged for domestic bank transfers, USDT (TRX), USDC (Polygon), USDC (Base), JPYC (Polygon), or Exness (*).

*Exness: Refers to transferring cashback rewards directly to an Exness account that is linked with TariTali.

(Please note that any remittance or receiving fees incurred when using international bank transfers must be borne by the user.)

Details of HFM (HotForex)

 

Since its establishment in 2009, HFM (HotForex) has been dedicated to attracting clients from all over the world.

Its extensive product line and unique bonus program have been well received and its popularity is growing.

From May 2022, the brand name will be changed from “HotForex” to “HFM”.

HFM (HotForex) Corporate Profile

HF Market Group, the parent company of HFM, already has over 1.3 million accounts worldwide.

Since ESMA (European Securities and Markets Authority) regulation was implemented in 2018, it has been providing services to individual investors in Asia by utilizing licenses and operations in the St. Vincent and Grenadine Islands.

Since 2019, HFM has had a legal presence in Dubai and has received regulatory authorization from the Dubai Financial Services Authority and continues to expand its operations.

HFM is also a top broker in the European region and is committed to enhancing its brand appeal in offering a wide range of products beyond forex trading.

Legal NameHF Markets(SV)Ltd.
Year of Establishment2010
CountrySt. Vincent & Grenadine Islands
Place of BusinessSuite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.
Financial LicenseSt. Vincent and the Grenadines Financial Services Authority (FSA): 22747
Negative Balance DisposalNegative Balance Protection System
Mode of OperationNDD method (STP clearing)
Maximum Leverage2000X
Customer Service SupportEnglish
Margin ManagementSeparate management (civil indemnity insurance system up to EUR 5 million)

 

In addition to HFM’s Seychelles license, the Group has obtained the following licenses.

The UK license is notoriously difficult to obtain and its credibility is unquestionable.

Company NameRegulatory AuthorityLicense Number
HF Markets (UK) LtdUK Financial Conduct Authority (FCA)801701
HF Markets (Europe) LtdCyprus Securities and Exchange Commission (CySEC)183/12
HF Markets (DIFC) LtdDubai Financial Services Authority (DFSA)F004885
HF Markets SA (PTY) LtdFinancial Conduct Authority of South Africa (FSCA)46632
HF Markets (Seychelles) LtdFinancial Services Authority of Seychelles (FSA)SD015
HFM Investments LtdKenya Capital Markets Authority (CMA)155

HFM (HotForex) Review

HFM is a well-established broker with a history of more than 10 years, and negative rumors of withdrawal denials are rare.

However, it is also true that there have been a number of website and social media scams posing as HFM so far this year.

Therefore, it is important to exercise caution when using the official HFM website or social media, and it is a good idea to bookmark it for security.

HFM’s Features and Transactions

HFM features include the following.

  • Up to 2000x leverage
  • Lowest spreads starting from 0.0 pips
  • A wide range of products that can be traded interest-free for a specific period of time
  • A wide range of over 1200 trading products
  • Unique bonus programs
  • Convenient deposit and withdrawal methods
  • Negative balance protection system, no need for margin calls

HFM (HotForex) Account Types

HFM offers four different account types.

The Premium Account is a basic account type that is popular among various types of traders, while the Cent Account is a mini account that allows traders to start trading with as little as $10.

The Pro Account is an account type featuring attractive benefits such as low spreads and no commission fees.

The Top-up Bonus Account is a dedicated account type that offers bonus rewards.

Account TypeCent AccountPremium AccountPRO AccountTop-Up Bonus Account
Trading PlatformsMT4,MT5,WebTrader
(Windows, Mac, Android, and iOS)
Account CurrencyUSCUSD,EUR
Trading InstrumentsForex, GoldForex, Precious Metals, Energies, Commodities, Indices, Stocks, Bonds, ETFs
Maximum Leverage1:2,0001:1,000
Trading CommissionNone
Minimum Deposit$0$100$0
Minimum Spread1.4pips0.6pips1.4pips
Minimum Trade Volumes0.01 lots (10 units))0.01 lots (1,000 units)
Maximum Number of Open Orders150500
Margin Call50%
Stop Out Level20%

HF Copy Accounts with Cent Type Options

HFM offers a copy trading account that allows users to fully replicate the trades of selected professional traders (Strategy Providers).

Both Strategy Providers (Traders) and Followers (Copy Traders) can open an account and configure their account type through the HF Copy section in the left-hand menu of the myHF area.

However, Strategy Providers and Followers can only be selected from users with the same account type as their own.

An overview of each account type is provided below:

Account TypeCENT AccountPREMIUM AccountPRO Account
Trading PlatformsMT4,WebTrade
(Windows, Mac, Android, and iOS)
Account CurrencyUSCUSD
Trading InstrumentsForex, GoldForex, Gold, Silver, Energies, Indices
Maximum Leverage1:1,000
Trading CommissionNone
Minimum DepositStrategy Provider: $25
Follower: $10
Strategy Provider: $100
Follower: $25
Strategy Provider: $100
Follower: $100
Minimum Spread1.4pips0.6pips
Minimum Trade Volume0.01 lots (10 units)0.01 lots (1,000 units)
Maximum Total Trading VolumePer position: 200 Cent lots
Account total: 1,000 Cent lots
Maximum position size: 60 standard lots
Maximum Open Orders150300
Margin Call50%
Stop Out Level20%

Maximum Leverage of 2,000:1

Except for Deposit Bonus Accounts and Copy Trading Accounts, all HFM account types offer maximum leverage of up to 2,000:1.

However, 2,000:1 leverage is only available for forex currency pairs and gold.

In addition, from 15 minutes before the release of major economic news or economic indicators until 5 minutes after their release, as well as between 23:00 and 01:00 the following day (server time), the maximum leverage for newly opened positions will be limited to 500:1.

HFM (HotForex) Unique Bonus Programs

HFM offers a variety of promotions and campaigns, including a “10% Deposit Bonus” and trading competitions.

In addition, HFM offers campaigns such as the “Loyalty Program,” which allows users to accumulate points, and “Free Margin Return,” which provides cash rewards.

※ Please note that trading activities intended to improperly exploit bonuses, as well as participation in related programs using falsified documents or information, are strictly prohibited.

10% Deposit Bonus

The 10% Deposit Bonus is available for deposits into Premium Deposit Bonus Accounts.

Each deposit is eligible for a 10% bonus, up to a maximum of USD 5,000, with no limit on the number of times the bonus can be claimed.

Eligible Premium Deposit Bonus Accounts can be opened through the myHF area and offer leverage of up to 1,000:1, with minimum spreads from 1.4 pips.

The 10% Deposit Bonus is summarized below.

Eligible AccountDeposit Bonus Account
(1,000:1 leverage, minimum spread of 1.4 pips)
Bonus Amount10% of the deposit amount (up to USD 5,000)
ConditionsDeposit funds into a Deposit Bonus Account
Promotion PeriodFrom now until further notice

HFM Loyalty Program

HFM offers a service called the “Loyalty Program,” which allows traders to earn points with every trade.

Based on their trading volume, clients can earn Trophy Road Points (TRP).

Accumulated TRP can be redeemed for cash, travel vouchers, supercars, and other luxury rewards.

The Loyalty Program consists of four levels. Once the requirements for each level are met, participants can progress from Beginner to Rising Star, Pro, and Legend.

Each level has trading requirements that must be met every 30 days. The higher the level, the more TRP can be earned from trading.

You can easily register for the program through the “Reward Center” in the myHF area. Upon completing registration, you will receive 100 TRP.

In addition, you can earn more TRP than usual by completing tasks or activating Boosters.

For more information about the Loyalty Program, please see here.

Return On Free Margin(ROFM)

Return on Free Margin is a program that allows clients to earn up to 3% in rebates based on their daily free margin and cumulative trading volume for the month.

The program is available for all account types except PAMM accounts. To participate, simply click the “Get ROFM” button in the myHF area.

Eligible trading instruments include currency pairs and metals, and positions must be held for more than 3 minutes.

Free margin is calculated as follows, and the rebate rate is determined based on the daily free margin and cumulative trading volume for the month.

Free Margin = Total Equity – Required Margin
Rebate = Free Margin × (Rebate Rate ÷ 100 ÷ 365)

The rebate will be paid to your wallet account during the first week of the following month and can also be withdrawn.

Free MarginRebate Rate for 5–50 lotsRebate Rate for 50+ lots
Under USD 1,0000%0%
USD 1,000–25,0002%2.5%
USD 25,000 and above2.5%3%

Tradable Currency Pairs

The forex market offers 53 currency pairs.

Maximum leverage is up to 2,000:1, with leverage limited to 20:1 for USD/TRY and 200:1 for ZAR/JPY. Spreads are relatively tight compared with the industry average.

AUDCADAUDCHFAUDJPYAUDNZDAUDSGDAUDUSD
CADCHFCADJPYCHFJPYCHFSGDEURAUDEURCAD
EURCHFEURGBPEURHUFEURJPYEURNOKEURNZD
EURPLNEURSGDEURUSDEURZARGBPAUDGBPCAD
GBPCHFGBPJPYGBPNZDGBPSGDGBPUSDGBPZAR
NZDCADNZDCHFNZDJPYNZDUSDSGDJPYUSDCAD
USDCHFUSDCNHUSDCZKUSDDKKUSDHKDUSDHUF
USDJPYUSDMXNUSDNOKUSDPLNUSDRUBUSDSEK
USDSGDUSDTHBUSDTRY※1USDZARZARJPY※2

※1 Maximum leverage is 20 X
※2 Maximum leverage is 200 X

About trading products such as CFDs

At HFM, it is possible to trade a variety of products on the same platform.

Stocks and bonds, in particular, have a clear correlation with forex, so it is possible to increase your profit opportunities by utilizing these products at the same time.

Precious Metals

In terms of precious metals, 6 instruments are available for trading, with gold offering leverage of up to 2,000:1.

PalladiumPlatinumXAGEUR
XAGUSDXAUEURXAUUSD

Energy

In terms of energy products, both spot and futures contracts are available for trading on UK Brent Crude Oil (UKOIL) and US Crude Oil (USOIL).

SpotUKOIL.SUSOIL.S
FuturesUKOILUSOIL

Commodities

In terms of commodities, 5 futures instruments are available for trading.

All pending orders will be automatically deleted at the end of each trading day.

CocoaCoffeeCopper
CottonSugar

Indices

In terms of indices, 12 spot and 11 futures instruments are available for trading.

Maximum leverage is set at 500:1 to 1,000:1 for spot indices and 100:1 to 1,000:1 for futures indices.

Spot
AUS200FRA40GER40HK50JPN225NETH25
SPA35SUI20UK100USA100USA30USA500.S
Futures
EU50.FFRA40.FGER40.FJP225.FN25.FSUI20.F
UK100.FUS100.FUS30.FUS500.FUSDIndex

Stocks

At HFM, you can trade 88 popular stocks.

A commission of 0.1% is charged on stock trades, with a maximum trade size of 5,000 shares.

All pending orders will be automatically deleted at market close.

 

HFM/Stock

Bonds

At HFM, you can trade European bonds, UK bonds, and 10-year U.S. Treasury bonds with no overnight swap charges.

URUND.FUKGILT.FUS10YR.F

ETFs

ETFs are investment funds listed on stock exchanges that typically track specific indices.

HFM offers 12 ETFs covering a range of sectors, including mining, energy, technology, healthcare, and real estate, with leverage of up to 5:1.

Spreads for each ETF are provided by the respective exchange, and triple swap charges apply every Friday.

IWBQQQSPYVXUS
XLBXLEXLFXLK
XLPXLUXLVXLY

Trade from as little as 10 currency units

In HFM, the basic lot size for forex trading is 1 lot (100,000 currency units), but you can trade from as little as 0.01 lot (1000 currency units).

In a cent account, the basic lot size is 1000 currency units, and the minimum lot size is 10 currency units (0.01 lot).

In a highly leveraged trading environment, trading in small units can be extremely advantageous for traders.

No restrictions on trading techniques and automated trading (EA)

HFM has no restrictions on scalping.

Likewise, hedging trades within the same account are allowed.

For automated trading, HFM offers a dedicated account and there are no restrictions on follow-on trades.

It can be seen that HFM in many overseas foreign exchange traders, provide a higher degree of freedom of trading account.

HFM (HotForex) Funds Management System

HFM manages its clients’ deposits separately from the company’s working capital.

Although unlike most domestic forex companies, which utilize a fiduciary protection system, HFM has taken out a “civil indemnity insurance system” that covers up to 5 million euros in damages.

The insurance not only covers insolvency, but also pecuniary losses such as errors, negligence, fraud, etc., and provides adequate protection.

Negative Balance Protection: No Margin Calls

In normal trading conditions, a sharp market decline can result in losses exceeding the margin deposited, potentially triggering a margin call and requiring additional funds.

Furthermore, following periods of extreme market volatility, losses may continue to increase, causing an account balance to become negative and resulting in additional financial burdens. Effective risk management is therefore essential.

To address these risks, HFM offers Negative Balance Protection. Even if losses exceed the deposited margin, clients will not be required to pay any additional amount.

From a risk management perspective alone, this feature can provide an added sense of security and has therefore received positive feedback from many retail investors.

HFM’s Englsih Customer Service

HFM actively serves clients from around the world and provides English-language support via email and live chat.

HFM offers prompt customer support 24 hours a day, 365 days a year.

HFM (HotForex) Deposit and Withdrawal Methods

HFM offers the following deposit methods.

Deposit Methods

The main methods of deposit available in the country include domestic bank transfers.

It should be noted that as of May 2024, VISA and MasterCard deposit services are temporarily suspended.

Deposit MethodMinimum DepositProcessing TimeFees
Bank TransferUSD 52–7 business daysNo fee for deposits over USD 100
Credit/Debit Card
(VISA / Mastercard)
USD 5Within 10 minutesFree
FasaPayUSD 5InstantFree
NETELLERUSD 5Within 10 minutesFree
SKrillUSD 10Within 10 minutesFree
CryptocurrencyUSD 30InstantFree

 

For details on the deposit process, please refer to the link below.

 

Withdrawal Methods

For withdrawals, HFM mainly offers the following methods.

When you make a deposit using a credit or debit card, withdrawals must also be made to the same card.

Withdrawal MethodMinimum WithdrawalProcessing TimeFees
Bank TransferUSD 1002–10 business daysFree
Credit/Debit CardUSD 52–10 business daysFree
FasaPayUSD 5InstantFree
NETELLERUSD 5InstantFree
SKrillUSD 5InstantFree
CryptocurrencyUSD 10Within 24 hoursFree

 

For details on the withdrawal process, please refer to the link below.

 

A Broker That Continuously Improves Its Trading Conditions to Meet Investors’ Needs

HFM is an attractive broker that offers high leverage of up to 2,000:1, along with unique bonus programs available on an ongoing basis.

Recently, HFM has also updated its account specifications, demonstrating its strong focus on attracting and meeting the needs of investors.

As HFM continuously strives to provide a better trading environment for its clients, it can be considered a broker that investors can use with confidence.

Opening a demo account first and experiencing HFM’s trading environment may be a good option.