HFM (HotForex) Review
Overview
HFM (formerly HotForex, founded 2010) is a multi-regulated broker with a strong presence in Africa and Asia, offering a zero minimum deposit and competitive gold conditions.
Pros
- Zero minimum deposit
- Zero Spread account available for gold, commission charged separately
- FCA, CySEC, FSCA and DFSA regulation
- Good range of account types
- Popular local funding options
Cons
- Best pricing needs the Zero (commission) account
- Not available to US clients
- Platform experience is standard MT4/MT5
Gold (XAUUSD) trading conditions
The Zero Spread account charges roughly 6 to 8 USD per round-turn lot on top of a raw spread. Premium and Micro accounts are spread-only instead. HFM does not publish a fixed typical gold spread, so we do not quote one.
Key facts
Support & contact
Verdict
A flexible, well-regulated broker with no minimum and strong local support. Best for African and Asian traders who want low gold costs.
Disclaimer: This review is editorial and for information only, not investment advice. The rating reflects our assessment of regulation, cost, execution and reputation. Spreads are indicative and can change. The link above may be a partner link. Trading forex and gold on leverage carries a high risk of losing money; always confirm the broker accepts your country and check your local regulator first.