HF MARKETS COPY TRADING REVIEW 2026
HF Markets (formerly HotForex) offers wide regulation across five jurisdictions and the proprietary HFcopy system. Good for beginners with $0 minimum, but the one-provider copy limitation and escalating fees are drawbacks.
OUR VERDICT
HF Markets (formerly HotForex) offers wide regulatory coverage across five jurisdictions - FCA, CySEC, DFSA, FSCA, and CMA Kenya. The $0 minimum deposit and $5,000,000 civil liability insurance per client are genuine standout features. The proprietary HFcopy system has a low $25 entry point for followers, making it accessible. The critical limitation is the one-provider-per-account restriction, which forces you to choose a single trader to follow. Premium spreads averaging 1.6 pips on EUR/USD and escalating inactivity fees are additional drawbacks.
DETAILED SCORES
Trust & Regulation
85Five licenses: FCA 801701, CySEC 183/12, DFSA F004885, FSCA 46632, CMA 155. Philippines SEC and Malaysia SC advisories.
Copy Trading
74Proprietary HFcopy. Low entry ($25 follower). But limited to one provider per account.
Fees & Spreads
72Premium: ~1.6 pips avg EUR/USD. Zero: 0.0 pips + $6 RT. Escalating inactivity: $5-$10+/month after 6 months.
Platform & UX
78MT4, MT5, HFM App, WebTrader. Free VPS for qualifying balances. No cTrader.
Asset Selection
76500-1,200 instruments depending on entity. ~53 forex pairs on standard. Varies by platform.
Customer Support
8524/5 via live chat, email, phone, contact form. 27+ languages.
PROS
Five Regulatory Licenses
FCA, CySEC, DFSA, FSCA, CMA Kenya. FSCS up to GBP 85,000, ICF up to EUR 20,000.
$0 Minimum Deposit
Cent and Premium accounts have zero minimum deposit. Low barrier for new traders.
$5,000,000 Civil Liability Insurance
Per-client civil liability insurance up to $5,000,000. A rare and substantial protection layer.
Low Copy Trading Entry ($25)
HFcopy follower accounts start from just $25, making copy trading accessible with minimal capital.
CONS
One Provider Per Account
Each HFcopy account can follow only one strategy provider. Need multiple accounts to copy multiple traders.
Escalating Inactivity Fee
$5/month after 6 months, $10/month after 1 year, increasing by $10 per year. Among the most punitive.
Premium Spreads ~1.6 Pips
Default Premium averages 1.6 pips on EUR/USD. Wider than Pepperstone Standard (1.0) or IC Markets Standard (0.62).
Philippines SEC and Malaysia SC Advisories
Philippines SEC advisory against soliciting investments. Malaysia SC warning against HotForex.
COMPANY HISTORY
HF Markets Group founded as HotForex
CySEC license (183/12) obtained
FCA license (801701) granted. DFSA license secured.
Rebranded from HotForex to HFM/HF Markets
15th anniversary. 4M+ active accounts. 60-80+ awards total.
READY TO START?
Open an account with HF Markets today and start copy trading with as little as $0.
Risk Warning: CFDs are complex instruments with high risk of losing money rapidly due to leverage. 67-84% of retail investor accounts lose money when trading CFDs.