HFM (HotForex)

HFM (formerly known as HotForex) has evolved into one of the most respected global brokers, attracting both professional and retail traders across Asia. For Vietnamese traders, it offers a rare combination of raw spreads, fast execution, and local payment support—making it an excellent fit for both high-volume traders and those just starting out. With flexible account options, strong regulation, and deep liquidity, HFM provides a trading environment designed for precision and transparency.

Regulation and Security

HFM operates under the regulation of two major financial authorities: the Financial Sector Conduct Authority (FSCA) of South Africa and the Cyprus Securities and Exchange Commission (CySEC). This dual oversight ensures that client funds are managed with transparency and full compliance with global financial standards.

For Vietnamese traders, these licenses mean added layers of safety, accountability, and protection—a reassuring factor in today’s volatile trading landscape. Funds are held in segregated accounts, and HFM’s regular audits further strengthen trust in its operations.

Trading Conditions and Account Types

HFM offers several account types, but the Zero Account stands out for active and professional traders. It provides raw spreads starting from 0.0 pips and a $6 round-turn commission, making it highly cost-effective for scalpers, day traders, and algorithmic users.

The Zero Account particularly shines when trading indices like the VN-Index and HSI, as the broker’s deep liquidity ensures stable pricing even during periods of high market activity. Traders who move large volumes also benefit from loyalty tiers, where frequent trading unlocks cashback and fee discounts.

Platforms and Analytical Tools

HFM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the world’s most trusted trading platforms.

• MT4 is well-suited for beginners who need simplicity, speed, and automated trading capabilities via Expert Advisors (EAs).
• MT5 expands these features with depth-of-market tools, advanced order types, and multi-asset support—ideal for traders tracking correlations between instruments such as Hang Seng Index (HSI) and VN-Index (VNI).

One limitation to note is that cTrader is not available on Premium accounts, meaning traders who prefer that platform must stick with MT4 or MT5. Nonetheless, HFM’s execution speed and reliability remain excellent across both MetaTrader options.

Deposits, Withdrawals, and Local Integration

One of HFM’s strengths for Vietnamese clients is its smooth payment infrastructure. The broker supports instant deposits and same-day withdrawals via VNPAY, a widely used local payment solution. This ensures traders can access funds quickly without relying on slow international transfers.

The broker’s minimum deposit requirement is $0, allowing anyone to open an account and start trading without a large upfront investment. This flexibility is particularly beneficial for beginners who want to start small and gradually scale their capital.

Leverage and Risk Management

HFM offers leverage up to 1:2000 on major currency pairs—one of the highest available under regulated brokers. Such leverage gives traders the flexibility to manage both small and large positions efficiently. However, HFM also provides customizable leverage limits to promote responsible trading and risk control, allowing traders to balance opportunity with safety.

Additional Features and Benefits

HFM complements its trading environment with several additional benefits:

• Loyalty Program: Active traders earn rewards and cash bonuses based on their trading volume.
• Educational Resources: Webinars, video tutorials, and daily market analysis tailored for regional traders.
• Negative Balance Protection: Ensures traders never lose more than their account balance.
• Free VPS Access: For clients running automated trading systems or managing multiple accounts.

These features make HFM not only a trading platform but also a professional hub for ongoing learning and strategy development.

Trading Overview Summary

The table below outlines HFM’s main trading features and specifications that matter most to Vietnamese traders.

Advantages and Drawbacks

Here’s a breakdown of HFM’s key strengths and areas where it could improve, based on real trader experiences and market performance.