HFM is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software.
HFM also has favorable trading conditions and instant execution of orders.
Plus, a solid list of tools and services allow everyone to choose the best option.
KEY TAKEAWAY |
・Flexible leverage up to 1:2000 ・Tight Spreads from as low as 0.1 ・EAs, Scalping, and Hedging allowed ・myHF portal enables online account management ・24/5 dedicated support in over 27 languages ・Winner of over 60 Industry Awards |
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Summary of HFM
HFM is a multi-asset broker that offers Forex.
Commodities trading while previously was known as HotForex.
The brokerage firm itself was established in 2010 with its headquarter in Cyprus, yet in addition serves several global offices including Dubai, South Africa also offshore entities in St Vincent and the Grenadines.
Besides, HFM offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily.
Winner of over 60 Industry Awards
Until now there are more than 500,000 Live accounts opened with the HFM, along with multiple Industry awards and sponsorship HFM prestigious titles recognize as Best Clients Funds Security Broker, Best Forex Provider, Top 100 Companies etc.
Besides its looks to us an attractive trading proposal at first look, there are some confirmations about its trustworthy business due to official figures and numbers, as well as numerous industry awards that HoForex holds and counting.
We also saw great development of HFM along the ttime, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions.
Is HFM safe Broker?
HFM consider HFM a safe broker due to being licensed by several top authorities including FCA, FSCA and CySEC.
HFM is a brand name of HF Markets (Europe) Ltd. that is authorized and regulated by the CySEC a regulatory authority for Investment Services firms in Cyprus, also operates with cross-border licenses, authorizing HFM to provide investment services within EEA zone.
It means the broker is regulated and authorized to offer its trading service along with necessary safety measures and controls applied.
For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators.
While in addition to that HFM safeguard traders with a Civil Liability insurance program for a limit of €5,000,000, which includes coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss, giving extra layer of protection.
HFM Pros and Cons
HFM is a broker with a good reputation and regulations.
The offering is user friendly, we mark large portfolios for Forex and CFDs instruments.
Pros
Pros |
・Flexible leverage up to 1:2000 ・Tight Spreads from as low as 0.1 ・EAs, Scalping, and Hedging allowed ・24/5 dedicated support in over 27 languages ・Low First Deposit ・Low Fees |
Cons
Cons |
・Only Forex and CFDs products |
Trading Conditions for HFM Users
Trading Conditions | |
Headquarters | Cyprus |
Regulation | CySEC, FCA, DFSA, FSCA, CMA |
Platforms | MT4, MT5 |
Instruments | 17 trading tools with Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies |
Demo Account | Available |
Minimum deposit | 5 US$ |
EUR/USD Spread | 1 pips |
Base currencies | Several currencies available |
Education | Trading Academy, Webinars Seminars, Numerous Tools |
Customer Support | 24/5 |
Leverage
Higher leverage ratios like 1:400, 1:500 or even 1:2000 are offered through HFM offshore entities since a particular registration does not limit offering and allows high leverage levels.
While trading with HFM we founf availabilitty of fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size.
Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times.
Spreads
Spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account offers 0 fee which averages on 0.2 pips most often.
HFM fees are built in a transparent manner while the only charge is variable spread, which is a difference between bid and ask price, also HFM does not offer fixed spread.
HFM does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are.
What Instruments I can trade in HFM?
One of the HFM Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets.
These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.
Account Types
HFM offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity.
Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading.
HFM is committed to providing its clients with the best trading conditions possible. To this end we now offer 5 different accounts to suit the specific requirements of different traders.
Whether you are looking to open a Demo or Live account, through the Micro, Premium or Islamic Account you will find the complete flexibility to trade at the level you want. Whatever your trading strategy, level of funding or appetite for risk, from micro to unlimited trade sizes, there is an account to match your needs.
HFM offers a wide variety of account types, all with highly competitive and distinct trading conditions, specifically designed to meet the needs and demands of all types of traders.
Account Type | Micro | Premium | Zero Spread |
Trading Platforms | MT4, MT5, Webtrader and Mobile Trading | MT4, MT5, Webtrader and Mobile Trading | MT4, MT5, Webtrader and Mobile Trading |
Spreads Types | Variable | Variable | Variable |
Spreads Pips | From 1 pip | From 1 pip | From 0 on Forex and Gold |
Contract Size | 1 lot = 100 000 units | 1 lot = 100 000 units | 1 lot = 100 000 units |
Trading Instruments | All Available | All Available | All Available |
Minimum Deposit |
$5 | $5 | $200 |
Minimum trade size (Lots) |
0.01 Lot | 0.01 Lot | 0.01 LOTS (1,000 units of base currency) |
Fifth Decimal | ◯ | ◯ | ◯ |
Maximum Leverage | 1:1000 | 1:500 | 1:500 |
Market Execution | ◯ | ◯ | ◯ |
Trade size increment | 0.01 | 0.01 | 0.01 |
Maximum Total Trade Size (Lots) |
7 Standard lots | 60 Standard lots per position | 60 Standard lots per position |
Max Simultaneous Open Orders | 150 | 500 | 500 |
Margin Call | 40% | 50% | 50% |
Stop Out Level | 10% | 20% | 20% |
Personal Account Manager | ◯ | ◯ | ◯ |
Telephone Trading | ◯ | ◯ | ◯ |
Account Currency | USD, EUR, NGN, JPY | USD, EUR, NGN, JPY | USD, EUR, NGN, JPY |
Commission for forex pairs | ✖️ | ✖️ | ◯ |
Flexible Bonus Offerings | ◯ | ◯ | ✖️ |
Personalised Service | ✖️ | ✖️ | ✖️ |
Account Type | HFcopy | Cent |
Trading Platforms | MT4, Webtrader and Mobile Trading | MT4, MT5, Webtrader and Mobile Trading |
Spreads Types | Variable | Variable |
Spreads Pips | From 1 pip | From 1 pip |
Contract Size | 1 lot = 100 000 units | 1 lot = 1000 units |
Trading Instruments | Forex, Indices Spot, Gold, Energies Spot | Forex, Gold |
Minimum Deposit |
$500 for Strategy Provider, $100 for Follower | $5 |
Minimum trade size (Lots) |
0.01 Lot | 0.1 Lot |
Fifth Decimal | ◯ | ◯ |
Maximum Leverage | 1:400 | 1:1000 |
Market Execution | ◯ | ◯ |
Trade size increment | 0.01 | 0.01 |
Maximum Total Trade Size (Lots) | 60 Standard lots per position | 200 Cent Lots per position / 500 Cent Lots |
Max Simultaneous Open Orders | 300 | 150 |
Margin Call | 50% | 50% |
Stop Out Level | 20% | 20% |
Personal Account Manager | ◯ | ◯ |
Telephone Trading | ◯ | ◯ |
Account Currency | USD | USD, JPY |
Commission for forex pairs | ✖️ | ✖️ |
Flexible Bonus Offerings | ✖️ | ◯ |
Personalised Service | ✖️ | ✖️ |
HFM provides an variety of account options with 6 different accounts based on specific requirements.
The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts also you can select the Islamic Account suitable for traders from the MENA region or beyond.
Each of the account types brings good flexibility and allowing to choose based on your trading strategy, allowing either beginning traders, investors or professionals to find its own way in trading.
HFM Fees
HFM trading costs mainstays at the tight spread offering in general.
And bringing some of the most attractive spread opportunities among the industry as we conclude based on our research, also proposing spreads from 0 pips on some accounts.
Trading Platforms
HFM provides an award-winning MT4 Platform and its newer version MetaTrader 5 as its trading software.
Web Trading Platform
MT4 and MT5 HFM terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminalwhich is compatible with any browser.
Mobile Trading Platform
There is a mobile trading platform as well a HFM Mobile Application with an option to trade “on the go”.
MT4 and MT5 mobile trading are actually known for its advanced capabilities and interactive charts with almost the same productivity as its full versions.
Opening Trading Account
1. Go into HFM Account Sign In page
2. If you are a new client enter your personal data
3. Fill in all required information for the first register of myHF
4. An account will be approved almost immediately, where through your client area
How to open HFM Live account?
Once you ready or decided to start Live Trading you can submit for a Live account where HFM may ask you for confirmation of your documents including identity, residency and other proof before you start. In both cases, you will get access to myHF client area where you can manage all your accounts and finances.
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Deposits & Withdrawals
There are multiple ways to fund trading accounts supported by HFM.
Minimum deposit is among lowest in industry, also Fees are either 0 or very small, besides range of supported funding methods is good.
Deposit Options
HFM offers over 14 methods to deposit or withdraw money.
Also along the time adding more methods based either on new offerings like Crypto Deposits or enlarging accessibility to local transfers or payment methods available at the regions.
Options | Min. Deposit Amount |
Max. Deposit Amount |
Deposit Time | Deposit Fees |
BANKTRANSFERS | ||||
JCB | ||||
VISA | ||||
crypto | ||||
BXONE | ||||
bit wallet | ||||
bitpay |
Withdrawals Options
HFM withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies.
Options | Min. Withdrawal Amount |
Withdrawal Time | Withdrawal Fees |
BANK TRANSFERS | |||
JCB | |||
crypto | |||
BXONE | |||
bit wallet | |||
bitpay |
Customer Service
The broker provides support in 27 languages which is an impressive number that covers almost all world most used languages, and allowing traders from almost any country to join trading and get quality support.
Conclusion
Overall, HFM is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader.
The services and products are tailored to specific requirements and bring very good range of choices including accounts, platforms, tools, and instruments with the ability to choose a suitable strategy with almost no restrictions.