Formerly HotForex, now a multi-entity broker with FCA and CySEC coverage and an unusually low entry point, but no cTrader.
HF Markets launched in 2010 as HotForex and rebranded to HFM in 2022. It operates as a multi-entity group rather than through a single headquarters: HF Markets (Europe) Ltd under CySEC (licence 183/12), HF Markets (UK) Ltd under the FCA (reference 801701, independently confirmed on the FCA register), plus FSCA, DFSA, and Seychelles FSA entities for other regions.
The practical takeaway from that multi-entity structure: which protections and leverage limits actually apply to you depends entirely on which specific legal entity you're onboarded to, not on the broader HFM brand. Confirm this directly before depositing.
HFM's Cent and Premium accounts carry a headline EUR/USD spread of roughly 1.4 pips, on the wider end compared to several competitors on this list. The Pro account runs tighter at around 0.6 pips, while the Zero account offers raw pricing plus commission for traders who want the tightest spreads available. Recent testing puts its EUR/USD average around 0.06 pips, among the tightest raw tiers we cover.
HFM supports MT4 and MT5 plus its own mobile app, but doesn't offer cTrader or a proprietary desktop/web platform, a narrower platform choice than several peers on this list, including FxPro and FP Markets.
HFM is a reasonable choice if a $0-minimum entry point and solid FCA/CySEC regulation matter more to you than tight spreads or platform variety. If you want cTrader specifically, or the tightest possible raw pricing, competitors like FxPro or IC Markets are likely to serve you better.