Since its founding in 2010, HFM has extended its global footprint to include more than 180 nations. HF Markets Group's HFM brand is authorized in many jurisdictions, including South Africa (FSCA), Kenya (CMA), Seychelles (FSA), Dubai (DFSA), the United Kingdom (FCA), and Cyprus (CySEC). All across the globe, HF Markets Group-affiliated companies work as multi-asset brokers under various licenses and regulations. HFM and HF Markets are both trademarks of HF Markets Group, which consists of HF Markets SV Ltd. HFM makes it easy for both large institutions and ordinary investors to engage in online derivatives and foreign exchange trading by providing a variety of account options, trader tools, and software.
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Customers may choose the account type that best meets their trading requirements and preferences on this site. This HFM review provides the essential trading tools and features required by all sorts of traders, along with enhanced trading tools, features, and lightning-fast execution of orders.
|CySEC, FCA, DFSA, FSCA, FSA, CMA
|Forex, Metals, Indices, Shares, Commodities, CFD Stocks, Bonds
|Minimum Initial Deposit
|1:1000 Varies with account types
|MetaTrader 4 (MT4)
|MetaTrader 5 (MT5)
|NGN, EUR, USD, CAD, AUD, NZD, GBP and more
|24/5 via Email, Phone, Live Chat, and FAQs
What Is HFM?
HFM has been part of HF Markets Group as a united brand from the company's founding. It is regulated in Europe by the Cypriot authorities via HF Markets Europe Ltd, and in the United Kingdom by the Financial Conduct Authority (FCA) through HF Markets UK Limited. HFM is authorized to provide its financial services to clients in the United Arab Emirates, South Africa, Cyprus, Saint Vincent, and the Grenadines.
HFM has been recognized as the best educational broker at the Global Forex Awards in 2022 and beyond. The company operates as a market maker, offering a diverse selection of multi-asset account types to its more than 3,500,000 active clients.
Foreign exchange (FX), contracts for differences (CFDs) on metals, indices, energy, shares, bonds, commodities, and ETFs are only some of the investing options offered by HFM, a Cyprus-based company. Customers choose HFM as their go-to online broker because of its extensive selection of account options, low commission rates, robust technical charting and analysis capabilities, wealth of educational resources, and useful extra features.
Features of HFM
Here are a few important features of HFM:
- There are six different account types available to traders, with minimum deposits ranging from $5 to $250. These account types also have different maximum leverage levels, spreads, and maximum order sizes.
- HFM takes great pleasure in being the premier provider of comprehensive market research, breaking news, and trader training. Articles, videos, quick trading courses, and a comprehensive overview of the current financial markets are all part of this.
- HFM's cutting-edge trading platforms, such as MT4 and MT5, provide for a pleasant trading experience. The trading platform's technical analysis includes several charting tools, trading signals, market characteristics, and trade execution options. In order to aid traders in strategically timing their transactions, it offers an Autochartist tool that is driven by AI pattern detection.
- Traders have access to over a thousand different securities on this platform, including Metals, Forex pairings, Energies, Cryptocurrencies, ETFs, and Stock Indices, all of which are available for trading. The price structure is above-average in comparison to other top forex broker platforms, as is the breadth of available trading assets.
- Users may monitor their favourite tradable assets, read up on the latest market news, and do technical analysis on these assets with the use of HFM's unique HFM app. Users also like that HFM's software makes it easy to convert between MT4 and MT5 with a single click. However, there is presently no in-app functionality on this platform.
Services Offered by HFM
Trading on HFM is secure and legal since it is supervised by several authorities. There is a great variety of financial instruments available, as well as fantastic trading possibilities that may be leveraged with the use of technical trading tools. It provides a safe place to trade cryptocurrencies, an intuitive interface, and competitive spreads, making it a one-stop shop for traders.
HFM equips traders with Forex trading software that facilitates their transactions. You may trade stocks, stock indexes, precious metals, cryptocurrencies, Forex, and contracts for difference (CFDs) on this platform, therefore it's technically a multi-asset platform.
According to our HFM review, this service supports both older versions of Metatrader (MT4) and newer ones (MT5). Multiple platforms support MT4 and MT5, and both Android and iOS users may download the HFM mobile app, which serves as the company's mobile trading platform. Clients may now trade CFDs on more than 1200 assets directly from the mobile app, where they also have access to their accounts.
Contracts for difference (CFDs) are leveraged transactions that may be difficult to understand and have a large potential downside. When trading CFDs with this supplier, 71% of retail investor accounts end up in the red. You should carefully evaluate if you are willing to incur the high risk of losing money and whether or not you understand how CFDs operate. However, cryptocurrencies are restricted to a small number of countries (Nigeria and Kenya, for example).
More than 1200 assets are available to HFM dealers. CFDs, spot contracts, futures contracts, and Forex are just some of the trading options available to HFM's customers.
The following is a list of the goods it offers:
- Foreign Exchange (Forex) trading, commonly known as currency trading, is offered by HFM. It includes exchanging one currency for another in a market where businesses, governments, and people all participate.
- HFM's commodities markets provide investors with a variety of trading options. Contract-based tradable products provide traders with a stable means of hedging against economic volatility and price increases. Stock market indices, often known as equity indices, are a way to evaluate the overall health of the stock exchange. It stands for a subset of publicly traded corporations.
- Gold and silver are only two examples of the precious metals offered by HFM for trading; they are examples of hard commodities since they are dependent on contracts.
- HFM provides investors access to the volatile energy market, where prices are determined by a wide range of environmental and political variables such as supply and demand, global economic development, severe weather, and more.
- Over 1200 of HFM's assets are freely traded on international exchanges. Some examples include Bitcoin, Litecoin, Ethereum, Ripple, and other cryptocurrencies, as well as metals, energy, indexes, commodities, bonds, shares, and more. (However, Nigeria and Kenya do not have access to cryptography.)
Is HFM Regulated?
Here are some of the reasons why the reviews agree that HFM is reliable and trustworthy:
HF Markets (SV) Ltd Is Incorporated in St. Vincent and the Grenadines
HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
FCA – Financial Conduct Authority (United Kingdom)
HF Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
DFSA – Dubai Financial Services Authority
HF Markets (DIFC) Ltd is authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
FSCA – Financial Sector Conduct Authority (South Africa)
HF Markets SA (PTY) Ltd is authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
FSA -Financial Services Authority (Seychelles)
HF Markets (Seychelles) Ltd is incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
FSA – Financial Services Authority (Seychelles)
Under licence number 46632, HF Markets SA (PTY) Ltd is authorised and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa.
CMA – Capital Markets Authority (Kenya)
HFM Investments Ltd has license number 155 from the Capital Markets Authority in the Republic of Kenya to operate as a non-dealing online foreign currency broker.
Security at HFM is on par with that of similar operations. It has implemented measures to protect the funds of its customers. In addition, HFM may take advantage of the company's civil liability insurance policy, which provides coverage for mistakes, fraud, carelessness, and other perils up to the sum total of 5,000,000 Euros. All customer monies are held in separate accounts at major banks from the company's own money.
Contracts for difference (CFDs) are leveraged transactions that may be difficult to understand and have a large potential downside. When trading CFDs with this supplier, 71% of retail investor accounts end up in the red. You should carefully evaluate if you are willing to incur the high risk of losing money and whether or not you understand how CFDs operate.
HFM Review: Pros and Cons
|HFM complies with several regulatory authorities.
|It does not provide its services to US and Canadian customers.
|This platform has commission-free trading HFM accounts.
|Provides several account types to choose from.
|Offers competitive spreads to the traders and free demo account.
|Offers great trading experience with value-added tools.
|Has premium Metatrader indicators and tools like Autochartist.
HFM Account Opening Process
Creating a trading account with HFM is as easy as 1-2-3!
- Logging into HFM is a breeze. To begin, visit HFM's website and choose the Register tab. In order to create an account, the user must provide personal information such name, email address, and phone number.
- HFM will send the user an email with a verification link. The last step in the registration process requires the trader to click on the verification link.
- The next step is to input the necessary information, such as address and country of residence, and this information must correspond with the papers given for verification.
The following items should be submitted by the user for verification purposes:
- Address confirmation documentation, such as recent bank statements or utility bills showing the current address.
- Documentation of your identity, such as a passport photo or a scanned ID.
Types of HFM Accounts
Many positive HFM reviews attest to the platform's dedication to provide users with optimal trading circumstances. HFM provides traders with a choice of six different account kinds to meet their individual needs. From the smallest micro account to the largest account with no limits, traders may choose an account that suits their budget, trading style, and risk tolerance.
HFM offers a diverse selection of accounts, each with its own set of trading conditions and very competitive costs, to cater to the requirements of all sorts of forex traders. HFM's several account options are as follows:
- Micro account
- Premium account
- Zero spread account
- PAMM (premium account)
- HFcopy account
The HFM trading platform is designed to be both user-friendly and highly competitive. It has six distinct account kinds, including the Islamic account so beloved by MENA traders, making it the most flexible trading platform available. There is an account type available for each trader with any trading technique, so you may confidently trade in any market. The $5 minimum deposit required for HFM's micro account types makes them attractive to new customers. This is a much lower requirement than for other account kinds.
The Premium Account requires a $100 opening deposit. Both novice and seasoned traders with balances under $5,000 utilize it. As a result of its superior trading environment, it is a popular choice among individual investors.
The premium account is designed for high-volume traders that trade professionally. The stop-loss threshold in this account has been lowered to 20%, and the maximum leverage is up to 1:500. This account is ideal for professionals with modest savings since the minimum opening deposit is under $100.
Commissions per traded lot still apply to forex traders even with a zero spread account, which requires a minimum deposit of $200. This account is cost-effective for some traders while being prohibitively costly for others, depending on their trading style, trading volume, and trading frequency.
HFM's PAMM service gives investors access to the market without having to do any actual trading themselves. Successful fund managers may increase their income via the PAMM scheme. Nonetheless, the lowest possible deposit is $250, and the highest leverage is just 1:300.
To supplement the cost of creating a strategy, HFcopy accounts allow providers to collect trading fees from their followers in exchange for access to the strategy. Each technique provider has a $500 minimum payment, and each of their followers must put in $100. When trading CFDs with this supplier, 71% of retail investor accounts end up in the red.
HFM Trading Platforms & Tools
Our HFM research found that the company provides two versions of the popular MT4 and MT5 trading platforms. With its comprehensive settings and convenient one-click trading, this platform offers features often reserved for much more expensive institutional trading software. HFM's trading program is appropriate for both novice and experienced investors. Android and iOS customers alike may now access their accounts and trade CFDs on 1200+ assets through the HFM Trading App.
HFM's Metatrader 4 platform has a straightforward interface, and it provides both speedy transaction execution and access to interbank liquidity. Additionally, it offers several advantages to its consumers and satisfies expert traders with a variety of resources and tools. It's a robust system that facilitates price movement analysis, transaction execution, and interaction with automated trading bots. Trading in various marketplaces is made easier with the aforementioned capabilities.
MT4 for Desktop
Although the HFM MT4 trading platform was designed mainly for Forex trading, it may also be used for spread betting and CFD trading. Except for spread bets and CFDs contracts, the trader will not be allowed to trade equities, commodities, ETFs, futures, or Metatrader 4 platforms.
MT4 Web Terminal
Metatrader 4's (MT4) online terminal is an advanced trading platform that doesn't need any extra software to operate, making it ideal for traders who want to do their business in a browser. In addition, both demo and real accounts allow traders to see trading activity, place market or limit orders, and more.
Traders on the move will find the MP4 Android platform's excellent charting and variety of premium trading tools to be invaluable. Traders have unfettered access to data on financial markets, technical analysis, price changes, and order execution. The Android app for MT4, MT4, only works with Android 4.0 or later.
MT4 iPhone Trader
HFM's MT4 iPhone trader is optimized for use with the iPhone and takes full use of the device's features, allowing traders to take advantage of mobile trading over 3G or Wi-Fi. This facilitates trading operations regardless of the location of the trader.
MT4 iPad Trader
HFM users have access to the cutting-edge, user-friendly, and straightforward HFM iPad Trader. The Trader iPad app was designed with a suite of sophisticated features in mind. The trader's account may be accessed from any location. Additionally, iOS 4.2 or later is required for this program.
HFM's MT4 multiterminal platform is a more efficient and streamlined approach to handle many accounts simultaneously. Traders who are already acquainted with the MP4 terminal will feel right at home with the expanded capabilities of the MP4.
HFM's MT5 platform is flexible enough to accommodate traders of all experience levels, allowing them to access the platform from any device and implement the optimal trading strategy at any time.
MT5 for Desktop
If you want to master the markets as a trader, regardless of your favorite trading style or asset type, the MT5 platform from HFM has everything you need. Trading is made easier with its intuitive and robust platform's many features, top-notch customer service, cutting-edge premium trading tools, and complete command over all transactions. Traders all around the world now have access to effective trading systems that allow them to trade in a wide variety of marketplaces.
Traders using the MT5 WebTerminal save time and effort by not having to save their computers with extra software. Users may begin trading in a matter of seconds after launching the WebTerminal on any modern web browser.
HFM's MT5 platform is compatible with a wide range of Android devices and assets. Traders have the freedom to manage their own accounts, research various markets, and trade with whatever broker they want. HFM Android allows the trader to make transactions while on the move.
MT5 iPhone Trader
It's important for the trader to realize that they won't always be in the best position to take advantage of favorable market conditions just by sitting at their computer. Since the MT5 iPhone trader is a fully functional trading platform with comprehensive trading features, it allows users to access trading accounts and execute trading options from any location, ensuring that they never miss a deal.
MT5 iPad Trader
With the user-friendly and straightforward MT5 iPad trader, trading can be done from anywhere with an internet connection. By downloading the platform, they have access to a suite of cutting-edge trading tools that will help them dominate the markets.
HFM's floating or fixed leverage allows the trader to make use of a beneficial instrument, particularly when trading smaller lots. Leverage allows one to double their earnings potential by taking use of several strategies to raise their starting balance. Our HFM analysis shows that this service offers a wide range of leverage ratios, from very low to extremely high. Many retail trading accounts quickly lose money owing to excessive leverage, thus the trader should constantly be aware of the different high dangers involved. HFM brokers' leverage levels are established in accordance with regional and monetary standards.
HFM list of fees:
There are no deposit fees at this online broker, as stated by many HFM reviews. While some forex brokers may not be honest about the fees they charge on deposits, it is always a good idea to check the platform's policy before making a deposit. This is because the chosen manner of account funding may impose a charge. This might be a flat rate charged whenever a certain currency is deposited into their account. The costs associated with credit card deposits are only one example.
Our HFM analysis found that withdrawal costs vary depending on the withdrawal method used by the user. It is important to familiarize yourself with your broker's withdrawal policies before making any withdrawals. This means that various forex brokers charge varying amounts for various withdrawal methods, as well as for currency conversion and processing time. The charge for converting currencies depends on the base currency and the financial institution processing the transfer.
There is no inactivity fee associated with dormant accounts at this multi-asset broker. In addition, the terms and conditions of the accounts at many forex brokers outline a minimum level of trading activity that the traders must meet.
CFDs are traded without commission at HFM. Commission is a service fee that many brokers add to the user's trading account when they facilitate the user's purchases and sales.
Deposit & Withdrawal Options
Credit cards, debit cards, bank wire transfers, and several e-wallets like Trustly, Neteller, Skrill, and others are just some of the withdrawal and deposit options offered by HFM. Such Brokers Deposits may take anywhere from 10 minutes to 2 business days to process, depending on the method employed by the trader. Free withdrawals are completed within 24 hours after request submission, Monday through Friday.
HFM accepts a wide variety of payment methods for funding trading accounts. Several HFM evaluations state that these brokers provide for a wide variety of deposit and withdrawal methods, a total of 14. There are a variety of payment methods that may be used, such as credit cards, debit cards, domestic transfers, wire transfers, cryptocurrency transfers to certain countries (save for Nigerian and Kenyan citizens), and many more.
HFM brokers allow customers to use a variety of withdrawal options, including credit/debit cards, wire transfers, and electronic wallets. The trader is not responsible for any costs associated with withdrawals. However, there will be costs associated with wire transfers due to regulations imposed by the bank and other countries.
HFM Promotions & Bonuses
According to our HFM review, the following are the current incentives and specials provided by the HFM broker platform:
100% Supercharged Bonus
- This bonus is applied to every deposit of $250 and more, which is automatically triggered and calculated.
- Cash available for withdrawal or trading.
- Maximum rebates of up to $8,000.
- Earn daily cash rebates of $2/ lot sent directly to the account.
- Leverage of underlying account prevails.
100% Credit Bonus
- It offers a relaxed time limit to complete volume requirements.
- Increases account leverage.
- It makes the stop-out level on cash balance zero.
- The investors can withdraw bonuses if the volume requirements are taken care of.
HFM Loyalty Program
Traders report that the broker's tiered loyalty program, through which they may earn benefits such as enhanced VPS, Trading Central, and exclusive consultations with HFM's market experts, is a major incentive to open an account with them. Users of HFM's trading rewards loyalty program may accumulate Bars (Points) with every successful round in gold, silver, or Forex trades. These brokers increase the amount of bars given out based on the customer's degree of loyalty and the total number of trading days they have logged.
Red, Gold, Silver, and Platinum are the four tiers of rewards available to HFM brokers. When a user signs up for the program, they are immediately eligible for red trade incentives. The more the user engages with the platform, the more the trader benefits. The more their supply of bars, the higher their per-lot trading profit. After a user has amassed a sufficient number of bars via regular trading with the broker, he or she may redeem them for a variety of Forex trading services and tools, or for cash.
Resources Offered by HFM
According to the HFM review, the company provides its clients with an Education center to assist them in comprehending the complexities of the foreign exchange market. Learn the fundamentals of forex trading, how the forex broker market works, and what drives it with the help of our comprehensive educational resources. The teaching center primarily functions as an up-to-date Forex resource hub. The HFM education center's primary goal is to provide easy access to a wide variety of materials for its clientele. Presentations on relevant subjects are included, too, providing the insight and resources necessary for successful foreign exchange trading.
In addition, the traders may access the library of educational materials to refresh their understanding of the FX market. HFM informs its customers of future webinars and seminars via its resource center. It conducts interviews, question-and-answer sessions, and live seminars with seasoned forex traders, as do many other brokers.
HFM Affiliate Program
According to our HFM review, the company runs an affiliate program called HF Affiliates, which rewards both online and offline affiliates handsomely for bringing HFM new customers. In order to meet the user's income expectations, the forex broker offers the finest and most flexible commission structure possible for the items.
It employs HFM Affiliates, like many other brokers, to reach out to potential clients in different parts of the globe and secure their long-term business. Affiliates may take advantage of a multi-tiered tracking system and a generous compensation structure. Any new user or newbie who signs up as an HFM Affiliate will get these free advertising materials as well. HFM Forex broker helps its partners reach their full trading potential and expand their companies.
HFM Mobile App
HFM's mobile trading app, available on both iOS and Android, has all the essential and sophisticated tools a trader might want. Users of the HFM app may initiate and exit trades with a single tap, and they have access to technical charts covering nine periods, all from the convenience of their mobile devices. Its HFM app, which is similar to those of other brokers, provides access to more than 30 technical indicators that may be used in technical analysis. Users may also access this MT5 mobile version using the mobile trading app provided by their broker, HFM.
The MP5 mobile app used by brokers is compatible with both Apple and Google operating systems. This HFM app has the same functionality as the desktop and online versions. Users may monitor the performance of various financial instruments in real time by using the market monitoring window. Plus, the broker charting tabs provide traders with the data they need to conduct in-depth market evaluations across many time periods and multiple tradable instruments.
HFM Security Measures
These safety features are made available by the Forex broker:
- HFM offers a civil liability insurance policy with a maximum of 5,000,000 Euros that includes coverage against omissions, mistakes, fraud, carelessness, and other risks that lead to financial loss, as well as additional measures to safeguard user money and their third parties.
- HFM safeguards accounts with negative balances against the effects of market fluctuations. Under HFM's negative balance protection policy, clients are not liable for repaying a negative amount if margin calls and stop-outs fail to operate as intended due to extreme market volatility.
- Markets in the UK forex brokers and the US equities, trading spot metals, commodities, and indices have helped HFM rise to prominence as a worldwide leader in online trading. Like many Brokers, it offers prestigious services and guarantees the safety of client cash.
- HFM conducts risk management analyses, identifies, and keeps tabs on potential threats to its operations. Every time, it evaluates how well their plans, guidelines, and practices are working.
- HFM has accounts at all the main banks, and thanks to its strength as a broker, it is able to provide liquidity through a number of international financial institutions.
- When HFM receives money from a customer, they keep it in a separate account from the business's money. They are not part of the company's assets, thus in the case of bankruptcy, they cannot be utilized to reimburse creditors.
HFM Customer Support
When deciding on a broker, one of the most important factors is the quality of their client service. Customers from all around the world may obtain high-quality help and trade with HFM Broker because of the company's availability of customer service in 27 languages, all of which cover trading demands. According to the HFM review, customers may get in touch with the company by phone, live chat, frequently asked questions, and email; emails can be sent in many languages. The response time from HFM customer support is fast, and the solutions it provides are effective. English, Chinese, Czech, Spanish, French, German, Italian, Portuguese, Romanian, Hindi, etc. are just some of the languages that HFM broker supports.
HFM Review: Wrap Up
In sum, HFM is a seasoned online broker with years of expertise providing a safe and regulated trading environment that may satisfy the needs of a wide range of investors. By providing a variety of accounts, tools, platforms, and instruments, they may personalize their services and investment solutions to meet the needs of their clients. Each trader has the option of using a unique trading strategy.
Commodities, foreign exchange pairings, stocks, bonds, indices, and cryptocurrency CFDs are just some of the trading instruments made available to clients of these firms. They may choose between a free demo account or an Islamic account, both of which are available to them. The user should be aware that having a trustworthy broker is crucial to the success of online trading, and should take steps to verify that the broker they choose fully satisfies their expectations.