FxGecko reminds investment enthusiasts that it is crucial to choose a platform regulated by a reliable regulatory agency. It is essential to understand the platform's historical background, research the trading conditions provided, trading software, and customer service.

Before investing in any forex platform, thorough research and investigation are necessary to ensure investment safety and a better trading experience.

Recently, investors have complained to FxGecko that HFM freezes accounts after profits are made.

One investor complained that "losing money is acceptable, but as soon as you make a small profit, they freeze your account and deduct all the profits and even the initial investment. This is the first time I have seen such a black platform."

HFM's official website states:

"HotForex is an award-winning forex and commodities broker providing trading services and facilities to both retail and institutional clients. Offering cutting-edge trading solutions to our clients, we are proud to support fair and transparent trading conditions for traders worldwide. As an industry leader, we pride ourselves on offering a reliable, secure, and trustworthy trading environment for all clients."

HFM claims to be regulated by eight regulatory agencies, including FSCA in South Africa, FCA in the UK, DFSA in Dubai, CMA in Kenya, CYSEC MM in Cyprus, FSA in Seychelles, FSC in Mauritius, and FSA in Saint Vincent. However, its regulatory status is unclear, with some licenses still pending and others offshore.

HFM has a rating of 3.84 points on the FxGecko app, indicating low credit ratings. Therefore, investors are advised to stay away from HFM.