Formerly known as Hot Forex, HFM (HF Markets) is a forex and CFD broker that’s a good match for beginner to intermediate traders. We thought most features on offer were quite generic for typical no-dealing desk brokers for example Trading via MetaTrader 4 and MetaTrader 5 trading platforms and a decent range of CFD trading products like Forex,  cryptos, stocks, commodities and bonds.

Standard and commission based accounts are available but we are on the fence in terms of their costs. Spreads can be low or wide depending on the currency pair you trade with and commissions are decent for major pairs but not so for minor and exotics.

Where HFM stands out, is the inhouse research department, which can be very useful depending on your type of trading.  We give HFM a score of 6.5 out of 10, we think they are ok but there are better brokers to consider, for