HFM.
HFM is a top-tier broker that delivers on regulation, fees, and platform quality. For most traders, this is an excellent choice.
AT A GLANCE
The facts, not the spin.
Min. deposit
$0
Live account. Demo is free.
Max leverage
1:30
Varies by account & entity.
Withdrawal time
1-3 days
First per month free.
EUR/USD Spread
–
From, not guaranteed
Inactivity fee
None
After 180 days of no trades
Total instruments
–
CFDs · stocks, forex, crypto
Active clients
500K+
Across the HFM group
REGULATION
FCA, CySEC, DFSA, FSCA regulated. Client funds held in segregated accounts.
TRADING PLATFORMS
Mobile apps for iOS + Android with one-tap account switching.
WHERE HFM WINS · WHERE IT LOSES
Pros & cons.
Severity-ranked, not just listed.
What we like
5 items- Wide range of 1,200+ instrumentsMajor plus
- HFcopy social trading platformMajor plus
- Multiple account types availableNotable
- Low minimum deposit ($5)Notable
- Strong regulatory frameworkMinor
What we don't
5 items- Spreads vary by account typeDealbreaker
- Withdrawal fees may applyMajor issue
- Inactivity fee after 6 monthsMajor issue
- Research tools could be betterMinor
- Customer support response variesMinor
OUR VERDICT
Our call: BUY.
Worth your money.
OPEN AN ACCOUNT IF
- •Wide range of 1,200+ instruments
- •HFcopy social trading platform
- •Multiple account types available
LOOK ELSEWHERE IF
- •Spreads vary by account type
- •Withdrawal fees may apply
- •Inactivity fee after 6 months
LIVE FEE COMPARISON
What you'll actually pay.
All-in cost to trade 1 standard lot of EUR/USD. Lower is better. We use spread + commission + overnight to get the real number — not the headline rate.
BROKERS WE'D PICK OVER HFM
Honest swap suggestions.
Same regulation. Better deal.
Yes, we may earn affiliate revenue if you open an account with any of these brokers. Our editorial picks are based on the same scoring criteria we apply to every broker we track. Commission rates never influence our rankings.
Capital.com
Same EU regulation, more instruments, lower fees. The obvious upgrade.
BETTER AT
Lower fees · More markets
ActivTrades
Zero commission. More instruments. Bigger upside ahead per our forecast.
BETTER AT
Zero fees · Rising fast
Markets.com
If copy trading is your draw, the social network here is much larger.
BETTER AT
Better copy trading
Review Written By
Daniel Whitmore
Forex & CFD Specialist
Daniel Whitmore is a Forex & CFD Specialist at BrokersRoom and a former FX dealer. He tests brokers' real trading conditions from a dealer's-eye view — measured spreads, execution quality and total cost per lot — and writes the platform's forex and CFD broker reviews.
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