HFM (HF Markets, formerly HotForex) scores 69/100 in our review (grade C, fair), a Larnaca, Cyprus-based broker regulated by CySEC (Cyprus), FCA (UK), FSCA (South Africa). It offers MetaTrader 5, so you can run Market Structure Pro on it.
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Start free trial Visit HFM (HF Markets, formerly HotForex) ↗| Headquarters | Larnaca, Cyprus |
| Founded | 2010 |
| Regulation | CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSA (Seychelles), DFSA (Dubai), CMA (Kenya) |
| Platforms | MT4, MT5, HFM App |
| MetaTrader 5 | Yes, MSP works here |
| Own platform | HFM App |
| Account types | Cent, Zero, Pro, Premium, HFcopy |
| Min deposit | $0 |
| Typical EURUSD spread | 0.1 pips |
| Typical Gold spread | n/a |
| Commission | Zero account ~$6/lot round turn ($3/side); Cent/Pro/Premium commission-free |
| Execution | No dealing desk |
| Funding methods | Card, Bank transfer, Skrill, Neteller, Crypto |
| Demo account | Yes |
| Support | 24/5 |
HFM, formerly HotForex, is an online forex and CFD broker founded in 2010 and operationally based in Larnaca, Cyprus. It runs a multi-entity global structure, each subsidiary licensed in a different jurisdiction: HF Markets (Europe) Ltd under CySEC (183/12), HF Markets (UK) Ltd under the FCA (801701), HF Markets SA (Pty) Ltd under the FSCA (46632), HF Markets (DIFC) Ltd under the DFSA, and HF Markets (Seychelles) Ltd under the Seychelles FSA (SD015), plus a CMA Kenya authorisation.
For trading, HFM offers both MT4 and MT5 today, plus a well-regarded HFM mobile app with built-in copy trading (HFcopy). Cent, Zero, Pro and Premium accounts (most with no minimum) make it accessible; costs are competitive but not class-leading - the Zero account provides raw spreads from 0.0 pips plus a per-lot commission, while standard accounts fold ~1.2-1.8 pip spreads into commission-free pricing. It advertises 1,200+ instruments across forex, indices, metals, energies, shares, ETFs and crypto CFDs, though the count available depends on region and entity. The key caveat is regulatory structure: while HFM genuinely holds Tier-1 FCA and CySEC licences, those serve only UK and EEA residents respectively, and most of the world's retail clients onboard under the offshore Seychelles FSA entity, which carries weaker statutory protection - partly offset by segregated funds, negative balance protection and Lloyd's insurance.
A separate reputation score out of 100, based on genuine user reviews across the web and kept independent of the feature score above. Our read: reviews are mixed.
HFM is the strongest-documented of the offshore group: ForexBrokers.com 4.0/5 with high Trust Score 85/99 (2 Tier-1 incl. FCA), Investing.com 4.6/5. Sitejabber more middling at 3.3/5 across a meaningful 105 reviews, a real, mixed body of feedback, not fabricated praise. Main caveat: most retail clients routed to offshore St. Vincent/FSCA entity, so FCA protection doesn't apply to those accounts.
Can I use Market Structure Pro with HFM (HF Markets, formerly HotForex)? Yes. HFM (HF Markets, formerly HotForex) offers MetaTrader 5, and MSP is an MT5 indicator, so it runs on any of their MT5 accounts. See the install guide.
Sources: www.hfm.com · www.forexbrokers.com · fxscouts.com · affiliates.hfm.com. Figures are typical and change, so confirm on the broker's site.
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