HFM review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
HFM is a CFD and forex broker regulated in Cyprus and the United States, so it suits experienced traders who want MetaTrader access and do not mind a large opening deposit. The entry point of $5,000 puts it out of reach of small accounts.
Key facts
- Best for
- Experienced traders with a large opening balance who want forex, metals and CFDs on MetaTrader.
- Minimum deposit
- $5,000↗
- Markets
- Forex, Metals, CFDs↗
- Regulators
- Cyprus Securities and Exchange Commission (CySEC), SIPC↗
- Investor protection
- EU ICS up to EUR 20,000↗
- Platforms
- MetaTrader 5, HFM WebTrader, HFM Platform↗
- Legal entity
- RB INTERNATIONAL MARKETS (USA) LLC↗
- Support channels
- Email↗
- Features
- Mobile app, Demo account
- Official website
- hfm.com
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC) and SIPC, with licences 183/12 and SIPC member 71021
- Investor protection of EU ICS up to EUR 20,000 for qualifying balances
- Choice of MetaTrader 5, HFM WebTrader and HFM Platform to trade from
- A demo account and mobile app, so you can practise before committing funds
Cons
- The opening deposit of $5,000 is high for a retail account
- Support runs on email only
- Losses run deep across the category: a typical share of 70.15% of retail accounts lose money
Who it suits
- Traders who already understand leverage and can fund $5,000
- People who prefer MetaTrader over a web platform
- EU residents who want EU ICS up to EUR 20,000 behind the account
Who should look elsewhere
- Newcomers with a small balance, since $5,000 is well above the €0.88 typical minimum
- Anyone who wants a phone or chat desk, as support is email only
- Long term investors, since forex, metals and cfds is limited to short term trading
Deposit protection
HFM lists Cyprus Securities and Exchange Commission (CySEC) and SIPC as its regulators, holding CySEC licence 183/12 in Cyprus and SIPC membership SIPC member 71021 in the United States. Money held in the European entity sits under investor protection of EU ICS up to EUR 20,000. Your protection depends on which legal entity holds your account, so check that before you fund it.
The company behind it
The US entity is RB INTERNATIONAL MARKETS (USA) LLC, and it appears in the SIPC member register under SIPC member 71021. Alongside that, the Cyprus operation trades under CySEC licence 183/12. Support reaches you through email, so plan for written answers rather than a call.
How HFM compares
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8.8 vs 9.0
8.8 vs 9.0
8.8 vs 8.8
Where HFM is available
- Available
- Everywhere except United States
- Licence in Cyprus
- Cyprus Securities and Exchange Commission (CySEC) (183/12), checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 71021), checked September 26, 2026
Frequently asked questions
How much do I need to open an HFM account?+
HFM lists a minimum deposit of $5,000 for its trading accounts. That sits well above the €0.88 typical minimum across the brokers listed here, so the account suits funded traders rather than small starter balances.
Which markets can I trade on HFM?+
HFM covers forex, metals and cfds, which means positions are leveraged and short term rather than long term holdings. If you want to own shares for years, a share dealing broker is a better fit for your money.
Who regulates HFM and what does that mean for my money?+
HFM is regulated by Cyprus Securities and Exchange Commission (CySEC) and SIPC, holding CySEC licence 183/12 and SIPC membership SIPC member 71021. European balances fall under investor protection of EU ICS up to EUR 20,000, subject to the limits that scheme applies.
Which platforms and apps can I use?+
You can choose from MetaTrader 5, HFM WebTrader and HFM Platform depending on how you like to work. HFM also offers a mobile app and a demo account, so you can learn the platform before risking real funds.
How do I get help from HFM?+
Support runs on email. There is no phone or chat desk listed, so keep written questions and keep records of anything the team sends you.
How risky is trading leveraged markets at HFM?+
Leveraged trading magnifies losses, and across the brokers listed here a typical share of 70.15% of retail accounts lose money. HFM lists a deposit minimum of $5,000, so only commit money you can afford to lose.
Is HFM suitable for beginners?+
The combination of a $5,000 minimum deposit and a market list of forex, metals and cfds points to experienced traders. A demo account helps you learn, but start small once you understand how leverage works.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Legal entity, Licences
“reportingFileNumber=68761; name=RB INTERNATIONAL MARKETS (USA) LLC”
- hfeu.com/en checked September 26, 2026
Backs: Features, Markets, Support channels
“Trade online wherever you are with the HFM App”
- hfeu.com/en/about/regulatory-environment checked September 26, 2026
Backs: Investor protection, Regulators
- hfeu.com/en/trading-accounts checked September 26, 2026
Backs: Minimum deposit, Platforms
“Minimum deposit: $5000 for Premium Pro”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee, Inactivity fee, Retail accounts that lose money.
Related by the facts
HFM
Experienced traders with a large opening balance who want forex, metals and CFDs on MetaTrader.