About HFM in Uganda
An independent look at HFM (formerly HotForex) — who they are, how they are regulated, and how Ugandan traders access them.
Open HFM Account →HFM (HF Markets), formerly HotForex, is an online forex and CFD broker founded in 2010 and rebranded to HFM in 2022. The group is multi-regulated (CySEC, FSCA, DFSA, FCA and others), offers 1,000+ instruments on MT4 and MT5 with leverage up to 1:2000, and serves Ugandan clients through an offshore entity without a local Bappebti licence.
Who HFM is and how they operate
- HFM (HF Markets), formerly HotForex, is an online forex and CFD broker founded in 2010 and rebranded to HFM in 2022.
- The group is regulated across several jurisdictions, including CySEC (Cyprus), the FSCA (South Africa), the DFSA (Dubai) and the FCA (UK).
- HFM offers 1,000+ instruments on MetaTrader 4 and MetaTrader 5, with leverage up to 1:2000 and account types from a $0 minimum.
- In Uganda, HFM operates without a local Bappebti licence, serving clients through an offshore entity.
Frequently asked questions
When was HFM founded?
HFM (HF Markets), formerly HotForex, was founded in 2010 and rebranded to HFM in 2022.
Is HFM regulated?
Yes, the HFM group is regulated across several jurisdictions, including CySEC (Cyprus), the FSCA (South Africa), the DFSA (Dubai) and the FCA (UK).
Is HFM licensed in Uganda?
No. HFM has no local Bappebti licence and serves Ugandan clients through an offshore entity, so review the terms and risk disclosures first.