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HFM (HotForex) Review

Zero minimum and competitive gold pricing
★★★★★★★★★★ 4.6 / 5
Visit HFM (HotForex) →
Trading involves risk of loss
XAUUSD spread0.10
Min deposit$0
Max leverage1:2000
Founded2010
Rating4.6/5

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
  • Competitive XAUUSD spreads from around 0.10 on Zero accounts
  • 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 account brings XAUUSD down to roughly 0.10 with a commission, while Premium and Micro accounts are spread-only. Solid for both active and casual gold traders.

Key facts

Regulation
FCA, CySEC, FSCA, DFSA, FSA
Platforms
MetaTrader 4, MetaTrader 5 and the HFM mobile app.
Account types
Cent, Zero, Premium, Pro and Premium Pro.
Deposits
Cards, e-wallets and local bank transfer, widely supported in Africa and Asia.

Verdict

A flexible, well-regulated broker with no minimum and strong local support. Best for African and Asian traders who want low gold costs.

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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.