HFM (formerly HotForex), including its predecessor HotForex, is a well-established major overseas forex broker with over 15 years of operating history. While its long operating history has led some to believe it's more reliable than newer overseas forex brokers, many are concerned about its safety, such as whether there have been cases of withdrawal refusals and whether deposited funds are properly managed. Therefore, this article thoroughly investigates HFM's reputation, reviews, safety, and cases of withdrawal refusals. What you'll learn in this article: The MoneyChager editorial team has compiled data from the research of over 20,000 users, providing real user reviews and opinions. We have also considered safety in light of the Financial Services Agency and the Financial Futures Trading Act. Contents 1. Positive Reviews and Testimonials of HFM 1.1 Positive Reviews and Testimonials ① Frequent 100% Deposit Bonus 1.2 Positive Reviews and Testimonials ② Maximum Leverage of 2,000x 1.3 Positive Reviews and Testimonials ③ Fast Withdrawals 1.4 Positive Reviews and Testimonials ④ Supports Copy Trading 1.5 Positive Reviews and Testimonials⑤ Some Instruments Have a Stop Level of 0 1.6 Positive Reviews and Testimonials ⑥ Supports Swap-Free Trading 2. Negative Reviews and Testimonials of HFM 2.1 Negative Reviews and Testimonials ① Wide Spreads on Certain Instruments 2. Negative Reviews and Testimonials ② Slow Execution 3. Safety and Reliability of HFM 3.1 What is HFM? 3.2 What Financial Licenses Does HFM Hold? 3.3 How Does HFM Manage Funds? 3.4 What Transactions and Activities are Prohibited at HFM? 4. Are There Cases of Withdrawal Refusal at HFM? 5. Who is HFM Recommended for? 5.1 HFM is recommended for: ① Those who want to trade with peace of mind 5.2 HFM is recommended for: ② Those who want full Japanese language support 5.3 HFM is recommended for: ③ Those who want to trade up to the limit of their margin 5.4 HFM is recommended for: ④ Those who want the benefits of long-term use 5.5 HFM is not recommended for: ① Those who prioritize the trading environment above all else 5.6 HFM is not recommended for: ② Those who want to trade using cTrader 6 What I learned from actually using HFM 6.1 Advantages and recommended points of HFM 6.2 Disadvantages and points where HFM is not recommended 7 About HFM account types 7.1 Cent account 7.2 Crypto CFD account (cryptocurrency CFD) 7.3 Zero account 7.4 Pro account 7.5 Premium account 7.6 Top-up bonus account 8 Current bonus campaigns at HFM 8.1 Trader Award campaign 8.2 Excess margin refund campaign 8.3 HFM Loyalty Program campaign 8.4 Demo contest campaign 9 How to open an HFM account 9.1 9.2 ① Access the official website 9.2 ② Enter your email address and password 9.3 ③ Complete email verification 9.4 ④ Enter your personal information 9.5 ⑤ Enter your current address, etc. 9.6 ⑥ Submit identity verification documents and address verification documents 9.7 … Continue reading HFM's reputation and reviews | Thorough investigation of safety and withdrawal refusal cases