HFM (HF Markets) review
ForexAfrica-focused broker with genuine local regulation and a near-zero entry point.
African traders who value local (CMA Kenya / FSCA) oversight and tiny minimums.
Residents of the US, and traders needing the deepest crypto-CFD selection.
Fees, explained
The real cost of a trade is the spread plus any commission, plus funding and withdrawal fees, not just the headline number. According to HFM (HF Markets), spreads start from 0.0 pip. We separately measure the real average from a funded account at live session times; a figure marked "testing in progress" is one we have not finished measuring ourselves.
Account types (HFM (HF Markets) published specs)
| Account | Spread from | Commission | Notes |
|---|---|---|---|
| Premium | from 1.4 pip | None | No minimum · swap-free |
| Cent | from 1.4 pip | None | No minimum · cent-sized lots |
| Zero Spread | from 0.0 pip | Yes | No minimum · swap-free |
| Pro | from 0.6 pip | None | From $100 · swap-free |
Fees and charges (HFM (HF Markets) published policy)
- Deposit & withdrawal fees
- HFM states it charges no deposit or withdrawal fees on its own side. Your own bank or payment processor can still charge a transfer fee.
- Inactivity / dormant fee
- HFM does not publish a clear dormant-account fee that we could verify; treat this as unconfirmed and tell readers to check HFM's current terms rather than stating a number.
- Trading cost
- The main cost is the spread. Published: Premium and Cent from 1.4 pip with no commission, Pro from 0.6 pip, Zero Spread from 0.0 pip plus a commission; all swap-free. We measured Premium EUR/USD at 2.7 pips (London session, 2026-09-07), wider than the advertised 1.4 pip.
Source: HFM funding pages (hfm.com), checked 2026-09-13. Fees can change, so confirm the current schedule on HFM (HF Markets)'s own site before you trade.
Measuring Every figure on this page is one HFM (HF Markets) publishes itself, read on the date shown. Broker Bedrock does not run its own funded-account tests, so nothing here is presented as our own measurement.
Regulation & safety
HFM (HF Markets) operates under 6 regulatory licences: FCA (UK), CySEC (Cyprus), FSCA (South Africa), CMA (Kenya), DFSA (Dubai), FSA (Seychelles). Regulation is not a guarantee against loss - leverage and volatility do the damage - but it tells you who you can complain to and how client funds are meant to be handled. Always trade with the entity that actually onboards your country.
Opening an account
- Register with your email and verify it.
- Complete identity verification (KYC) - a government ID and proof of address.
- Fund the account using Bank transfer, Card, Skrill, Neteller.
- Start on a demo. Size positions small. Keep a trading journal from day one.
The honest cons
- Thinner crypto-CFD range than crypto-native venues
- Not available to US residents
- Premium accounts need larger balances
What we like
- Regulated by CMA Kenya and FSCA South Africa - real African oversight
- No minimum to open (Pro from $100); swap-free on all account types
- Raw spreads from 0.0 pip (Zero Spread) and daily partner payouts
Open a HFM (HF Markets) account
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Risk warning: trading is high risk and most retail accounts lose money. Education only, not advice.