Mobile access is 24/7, and mobile apps employ the latest SSL encryption technology for security. It is also much easier to search for an instrument to add to the market watch list than on MT4. We recommend using MT5 if you are looking for a more powerful and faster trading platform when it comes to back-testing functionality for automated trading algorithms. There are three chart types, including Line, Bar, and Candlestick charts and you can access a wide selection of indicators in multiple timeframes.

• HFM charges between $6.00 and $8.00 per 1.0 standard round lot in commissions in its Zero Spread account.
• The radar chart to the left shows how important each category is when calculating a broker’s final score.
• The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends.
• This account combines raw spreads starting at 0.2 pips with a commission charge, and requires a minimum deposit of USD 250.
• HFM supports the MT4 and MT5 platforms in addition to its own mobile HFM Trading App, which allows clients to trade from charts and make deposits and withdrawals.

In partnership with FXSTREET, a respected market news aggregator and publisher, HFM provides a constant stream of news that impacts the markets. More experienced traders will also find the information and material on offer useful, especially the webinars and video analysis on more advanced topics. This course is well-structured and includes the basics of Forex theory and Forex trading, reading, and interpreting charts, trading strategies, trading psychology, and technical analysis.

Swap rapes on leveraged overnight positions are also competitive, and non-trading fees remain confined to inactivity costs. It has earned a reputation as a trusted and secure broker, as evident by 3,500,000+ live trading accounts. There is no internal HFM withdrawal fee, except for a 1% charge in BitPay transactions, but traders should consider third-party processing fees and potential currency conversion charges by payment processors. Non-supported currency deposits result in currency conversion fees. HFM levies currency conversion fees if the asset currency differs from the account base currency, for example, buying a Euro-denominated asset in a US Dollar account.

Company and Service

Non-trading fees are charged against account transactions other than trading, like deposits, withdrawals, and inactivity. Since trading fees are one of the most defining aspects in evaluating a broker, traders should carefully consider them in detail. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. HFM charges no fees for deposits and withdrawals, but withdrawals via credit and debit cards take up to 10 days to be processed, which is slow compared to other brokers. Other trading tools available at HFM include a range of trading calculators, which can be used to calculate pip value, swap fees, risk percentages, and support and resistance levels. The MT5 mobile app supports live and demo accounts with full charting tools, pending and market orders, multiple indicators, timeframe analysis, and account overview.

Webinars on current events, advanced trading strategies, and risk and money management are run every few days. Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory. Traditional deposits are handled on weekdays and conditions apply to each deposit option.

Our analysis covers the broker’s legitimacy, regulatory status, trading conditions, and the veracity of claims regarding this specific partner code. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. HFM’s terms and conditions note currency conversion fees at reasonable exchange rates, which fluctuate continuously. Knowing the HFM fees will help traders understand what they must pay, why they must pay, and how those costs fare against competitors.

FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. Don’t miss out on our weekly newsletter to further enhance your trading success. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. The radar chart to the left shows how important each category is when calculating a broker’s final score. We ensure transparency by incorporating regulator data and user insights.

HFM Deposits and Withdrawals

Traders who open a demo or live account will get access to the HFM e-Course. HFM has a competent in-house research team that produces high-quality and useful market analysis materials. The app also provides live webinar registration and demo account access. Features include account opening, fund transfers, customisable trading by amounts, lots or units, and comprehensive trade history with performance analytics.

HFM also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface. For MT4 users, the MT4 mobile app offers classic real-time charting, technical indicators, automated trading via EAs, and order management (market, limit, stop). Select another broker to another broker to compare features, fees, and platforms side by side. It also has several excellent trading tools to assist traders further.

• Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
• FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis.
• For MT4 users, the MT4 mobile app offers classic real-time charting, technical indicators, automated trading via EAs, and order management (market, limit, stop).
• Four of its six standard accounts have no minimum deposit requirements and have competitive trading fees.
• HFM’s terms and conditions note currency conversion fees at reasonable exchange rates, which fluctuate continuously.

Deposit & Withdrawal

HFM charges between $6.00 and $8.00 per 1.0 standard round lot in commissions in its Zero Spread account. Commissions, if applicable, apply when traders open and close trades and swap rates on leveraged positions after the cut-off time. HFM additionally protects traders with its market-leading €5,000,000 civil liability insurance policy per client.

Advanced Insights

Minor currency pairs cost more, as commissions increase to $8.00, which extends to equity trading and other non-gold assets. The commission-based alternative is more competitive, with raw spreads of 0.0 pips for a commission of $6.00 per lot on major currency pairs. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.

HFM offers the standard version of MT4, which has 24 graphical objects and 30 built-in indicators. Traders can use the HFM proprietary mobile app, available for both iOS and Android, alongside access to MetaTrader 4 (MT4)and MetaTrader 5 (MT5) mobile platforms. It also offers MT4 and MT5 mobile apps, all available on both Android and iOS. Followers need a minimum deposit of USD 25, while Strategy Providers must deposit between USD 100–500. Each account is designed to serve a different type of trader—from beginners using micro-lots to experienced professionals and passive investors. This is alongside an excellent range of trading instruments, including popular international stocks.

For Traders Considering HFM:

HFM charges a monthly $5 inactivity fee after six months of dormancy. HFM supports USD, EUR, NGN, and JPY as account base currencies, but geographic restrictions apply on their availability. Therefore, a trader making a $200 deposit will receive $200. Swap rates, or overnight financing, apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend. The HFM commission-free pricing environment is not notably cheap, although it cannot be said to be expensive, with minimum costs of 1.0 pips or $10.00 per 1.0 standard round lot.

HFM (HotForex) – Best Global Broker for 2025

Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Get ready to stay ahead of the curve with our regular updates designed to help you make informed trading decisions.

HFM Fees, Spreads, and Commissions Explained

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. Trading Forex is risky, and each broker must detail how risky the trading of Forex CFDs is to clients.

Does HFM charge commissions?

Get a full breakdown of HFM trading and non-trading costs in our review below. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

While this tool is free, traders must have deposited at least 100 LunarCapital review USD and made closed trades worth 10 lots or more in the previous two months. We were also able to access the HFM podcast; generally published mid-week, this is a detailed look at recent market movements and a look ahead to potential market-impacting events. From here, we were able to access monthly and quarterly outlooks, video analysis, special reports, and intraday charts. The focus is a market news blog, split between fundamental and technical analysis, and trader education.

This is a much faster method of depositing and withdrawing funds than a standard bank wire, with deposits reflecting almost instantly and withdrawals received within 2 business days. As such, all non-profit funds are returned to the original deposit source. As a regulated broker, HFM ensures that all Anti-Money Laundering rules and regulations are followed. The VPS service is only available to traders using the MT4 platform. Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Overall, HFM provides a https://lunarcapital.space/ good selection of third-party platforms but lacks its own in-house trading platforms, which are usually more user-friendly.

HFM has reintroduced cryptocurrency trading, likely due to the popularity of the asset. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.