7.9
HFM Unbiased Review - August 2025
Quick Verdict: HFM (formerly HotForex) stands out as a reputable choice for Kenyan traders, offering a blend of robust trading platforms and localized support. With its rebranding, HFM continues to provide competitive spreads and a wide range of instruments, making it suitable for both beginners and experienced forex traders in Kenya.
Founder & CEO of Kenya Forex Firm • 10+ Years Experience
Last verified: 2 August 2025
HFM Detailed Ratings
HFM Pros
- ✓ Regulated by multiple financial authorities including the FCA and CySEC
- ✓ Offers a variety of account types suitable for different trading needs
- ✓ Provides negative balance protection to safeguard traders
- ✓ Access to a wide range of trading instruments including forex, commodities, and indices
- ✓ User-friendly trading platforms, including MetaTrader 4 and MetaTrader 5
- ✓ Competitive spreads and leverage options
HFM Cons
- ✕ Limited educational resources compared to some competitors
- ✕ Inactivity fees may apply to dormant accounts
- ✕ Withdrawal fees can be high depending on the method used
- ✕ Customer support is not available 24/7
- ✕ Complex fee structure for some account types
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Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
Disclaimer: This review is based on our personal experience and extensive research. Some links are affiliate links, and we may receive compensation if you sign up through them. This does not affect our review's independence or ratings.