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HFM broker review

HF Markets (formerly HotForex) · founded 2010 · HQ St. Vincent & the Grenadines / Cyprus / multi-jurisdiction

HFM (formerly HotForex) is a multi-regulated retail broker since 2010 with strong presence in MENA, Africa, and Southeast Asia. 5-regulator coverage including FCA UK, CySEC EU, DFSA UAE, FSCA South Africa, and CMA Kenya. Supports USDT/BTC/ETH and offers no-deposit bonuses for Vietnamese/SE Asian traders. PipGap not currently a partner.

70% cashback on every lot you trade at HFM, via PipGap. Broker pays IB commission per trade — PipGap refunds 70% to you.
Payout
Estimated · auto-credited by HFM
View cashback rates →

Key facts

Founded
2010
Headquarters
St. Vincent & the Grenadines / Cyprus / multi-jurisdiction
Min deposit
$0
Max leverage
1:2000
EUR/USD spread
1 pip
XAU/USD spread
0.3 pip
IB / lot
$3.50
PipGap cashback
70%
Cashback payout
Estimated
USDT withdrawal
Yes
Withdrawal speed
Same day

Regulators

HFM is regulated by:

FCA CySEC DFSA FSCA CMA

Licensing applies to the regulators above, not worldwide. Check local rules before you trade.

What we like

What to watch

How HFM cashback works with PipGap

You sign up to HFM through PipGap's referral link. HFM pays an IB commission on every lot you trade, and 70% of that commission is credited directly into your HFM account by the broker — PipGap never touches your money. PipGap is not an active IB partner with HFM yet. Cashback math is an estimate based on typical HFM partner rates. Your spread and commission with HFM stay the same — cashback is purely additional.

Get 70% cashback on every HFM trade

Sign up through PipGap. Cashback activates automatically.

View cashback rates → Compare with other brokers
Disclaimer: Forex and CFD trading carries significant risk. Past performance is not indicative of future results. Broker rates, spreads, and conditions may change — verify on the broker's official site before depositing. Licensing applies to the regulators listed above, not worldwide. Some jurisdictions restrict offshore retail forex (incl. Pakistan — SECP has not licensed offshore retail forex). You are responsible for checking what's legal where you live. PipGap is a referral platform — we do not provide trading advice.