Africa's most trusted and awarded forex broker — operating since 2010 with regulation in 5 major jurisdictions including FCA (UK) and CMA (Kenya). Supports M-Pesa, Airtel Money, MTN MoMo and local bank transfers across 50+ African countries. Zero spread accounts and built-in copy trading available.
⚠️ Risk warning: 74–89% of retail CFD accounts lose money. Only trade with money you can afford to lose.
HFM (formerly HotForex) was founded in 2010 and has spent over 15 years building the most trusted forex brand across Africa. It is regulated by five major financial authorities: FCA (UK), CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai) and CMA (Kenya) — giving it one of the strongest regulatory profiles of any broker available to African traders.
What makes HFM the undisputed #1 broker for African traders is its unmatched local payment infrastructure. HFM is the only top-tier regulated broker that supports M-Pesa, Airtel Money, MTN Mobile Money, EcoCash and local bank transfers across Kenya, Nigeria, South Africa, Ghana, Tanzania, Uganda, Zimbabwe and 40+ other African countries. You can deposit in your local currency, trade in USD or EUR, and withdraw back to your mobile wallet — all within minutes.
HFM offers zero spread accounts starting from 0.0 pips — giving professional traders institutional-grade trading conditions alongside the convenience of African local payments. The broker also features a built-in copy trading platform where beginners can automatically copy the trades of profitable experienced traders — earning while learning.
With $5 minimum deposit, leverage up to 1:1000, and award-winning 24/7 customer support in English, Swahili, Hausa, French and Arabic, HFM is designed from the ground up to serve African traders at every level — from complete beginners to professional fund managers.
fx-pick Verdict: HFM is our #1 recommended broker for African traders in 2026. No other broker combines FCA regulation, M-Pesa support, zero spread accounts, copy trading and local currency deposits in a single package. If you trade from Kenya, Nigeria, South Africa or anywhere in Africa — HFM is built for you.
| Minimum Deposit | $5 (Micro & Premium accounts) |
| Maximum Leverage | 1:1000 |
| Spreads From | 0.0 pips (Zero Spread account) |
| Standard Spread | From 1.2 pips (EUR/USD) |
| Commission | $0 Standard / $6 per lot Zero Spread |
| Trading Platforms | MT4, MT5, HFM App (iOS & Android) |
| Account Types | Micro, Premium, Zero Spread, Auto (Copy Trading) |
| Local Payments | M-Pesa, Airtel Money, MTN MoMo, EcoCash, Bank Transfer |
| Base Currencies | USD, EUR, GBP, KES, NGN, ZAR, GHS, TZS and more |
| Copy Trading | Yes — built-in HFM CopyTrade platform |
| PAMM Accounts | Yes — for fund managers and investors |
| Instruments | 300+ (Forex, Metals, Indices, Stocks, Commodities, Crypto) |
| Regulation | FCA (UK) · CySEC (Cyprus) · FSCA (SA) · DFSA (Dubai) · CMA (Kenya) |
| Negative Balance Protection | Yes — all accounts |
| Segregated Funds | Yes |
| Founded | 2010 — Limassol, Cyprus |
Click our link to open the HFM registration page. Enter your name, email address and select Kenya (or your country). The registration form takes under 2 minutes to complete.
Upload your national ID card or passport. HFM verifies most accounts within 1–2 hours. This is required by FCA and CMA Kenya regulations to protect your funds.
In your HFM dashboard, select Deposit → M-Pesa. Enter your M-Pesa number and the amount (minimum $5). You will receive an M-Pesa STK push on your phone. Confirm the payment and funds appear instantly in your trading account.
Download MT4 or MT5, or open the HFM CopyTrade app. If you are a beginner, use CopyTrade to automatically copy an experienced trader's positions. Your account grows as theirs does — without needing to learn technical analysis first.
HFM has the deepest African market penetration of any regulated forex broker. Here is how HFM serves traders in each major African country:
CMA Kenya regulated. M-Pesa deposits and withdrawals. KES accounts. Swahili support. Most trusted broker in Kenya.
NGN accounts available. Local bank transfers. One of Nigeria's most trusted brokers with active local community.
FSCA regulated. ZAR accounts. EFT bank transfers. Highly popular among South African retail and professional traders.
GHS accounts available. Mobile money deposits. Growing Ghanaian trader community. Full platform access.
M-Pesa Tanzania supported. TZS friendly. Local language support. Full access to all HFM products.
Airtel Money and MTN MoMo supported. UGX friendly accounts. Growing active trader base in Uganda.
EcoCash deposits supported. Full platform access. Popular for forex and gold trading in Zimbabwe.
HFM supports traders across all of Africa with local payment solutions, local currency accounts and local language support.
| Feature | HFM | Exness | XM | IC Markets |
|---|---|---|---|---|
| Min. Deposit | $5 | $0 | $5 | $200 |
| M-Pesa Support | Yes | Yes | No | No |
| Copy Trading | Yes — built in | Via MT4 | No | No |
| CMA Kenya | Yes | Yes | No | No |
| Zero Spreads | 0.0 pips | 0.0 pips | 0.0 pips | 0.0 pips |
| Max Leverage | 1:1000 | 1:2000 | 1:888 | 1:500 |
| FCA Regulated | Yes | Yes | No | No |
| Local Currency Acc. | KES,NGN,ZAR,GHS+ | KES,NGN,ZAR+ | Limited | No |
Open your free HFM account today. Deposit via M-Pesa, Airtel or MTN MoMo. Start trading or copy trading in minutes. Regulated FCA, CySEC, FSCA and CMA Kenya.
Risk warning: 74–89% of retail investor accounts lose money. Only trade with money you can afford to lose. This is not financial advice.