HFM is a multi-licensed broker offering a diverse range of trading accounts with tight spreads from 0.00 pips. Cent, Zero, Pro, and Premium are the main account offerings on the broker. How can I open an HFM Markets account? Weāll explore the registration process, required documents for verification, fee structure, and many more on this HFM Markets review.
HFM (Company and Regulation)
HF Markets, short for "Hot Forex Markets," is a well-established and reputable broker serving traders worldwide since 2010. The company's commitment to regulatory compliance and client protection is evident in its multiple licenses from respected financial authorities. Here's a closer look at HFM's regulatory landscape.
Region | Regulation | License Number |
Europe | CySEC | 183/12 |
St. Vincent & the Grenadine | SV | 22747 IBC |
UK | FCA | 801701 |
Middle East | DFSA | F004885 |
South Africa | FSCA | 46632 |
This multi-jurisdictional approach ensures that the company adheres to strict regulatory standards, providing traders with a secure and transparent trading environment. The broker's commitment to compliance is further reinforced by its negative balance protection policy, which safeguards clients from losing more than their account balance.
Summary of HFM Specifics
The broker offers a comprehensive suite of trading services and features designed to cater to novice and experienced traders. Here's a quick overview of what HFM brings to the table.
Broker | HFM |
Account Types | Cent, Zero, Pro, Premium |
Regulating Authorities | CySEC, DFSA, FCA, FSCA |
Based Currencies | USC, USD, EUR |
Minimum Deposit | From $0.00 |
Deposit Methods | Wire transfer, E-payments, Credit/Debit cards, Crypto |
Withdrawal Methods | Wire transfer, E-payments, Credit/Debit cards, Crypto |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:2000 |
Investment Options | PAAM Accounts, Copy Trading |
Trading Platforms & Apps | MT4, MT5, Mobile App |
Markets | Forex, Metals, Commodities, Indices, Cryptos, ETFs, Bonds, Stocks, and Energies |
Spread | Floating from 0.00 pips |
Commission | No commission for Forex pairs (except in Zero accounts) |
Orders Execution | Market, Buy Stop, Stop Loss, Limit, Take Profit |
Margin Call/Stop Out | Margin call 50% Stop out 20% |
Trading Features | Economic Calendar, Calculator, VPS, Market Analysis, Educational Materials |
Affiliate Program | Yes |
Bonus & Promotions | Top-Up bonus, Gadget Giveaway, Merchandise, Trading contests, loyalty program |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Phone, Online chat |
Customer Support Hours | 24/5 |
What Types of Accounts Does HFM Offer?
The company provides a range of account types to suit different trading styles and experience levels. The diverse account offerings ensure that you can start trading with tight spreads from 0.00 pips. Here's a breakdown of the main account options on HFM.
Cent | Zero | Pro | Premium | Top-Up Bonus | |
Currency | USC | USD, EUR | USD, EUR | USD, EUR | USD, EUR |
Min deposit | $0 | $0/ ā¬0 | $100/ ā¬100 | $0/ ā¬0 | $0/ ā¬0 |
Min order size (Lots) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Leverage | 1:2000 | 1:2000 | 1:2000 | 1:2000 | 1:1000 |
Instruments | Forex, Gold | Forex, Metals, Energies, Stocks, Crypto | Forex, Metals, Energies, Stocks, Crypto | Forex, Metals, Energies, Stocks, Crypto | Forex, Metals, Energies, Stocks, Crypto |
Swap free | Yes | Yes | Yes | Yes | No |
HFM Pros & Cons
To provide a balanced perspective, let's examine the advantages and disadvantages of trading with HFM broker.
Pros | Cons |
Multi-regulated | Geo-restrictions |
Wide range of trading instruments | Limited platform offerings |
Diverse account types | Technical issues |
Competitive spreads and leverage | Reports of poor customer support |
While the broker offers numerous advantages, it's essential to consider these factors in the context of your individual trading needs and preferences.
Account opening and verification on HF Markets
Opening an account with the broker is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements. Here's a step-by-step guide to opening and verifying your HF Markets account.
- Navigate to the official website on āhfm.comā;
- Click on āREGISTERā;
- Select country of residence;
- Provide an active email address;
- Set a strong password;
- Accept the terms and policy;
- Tap the āRegisterā button;
- Navigate to your email inbox and click on the verification link;
- Fill out the personal information form in HF Marketsā client area.
Once your application is submitted, the broker will review it and request additional documentation for verification purposes.
- Proof of identity (passport, national ID, or driver's license);
- Proof of address (utility bill or bank statement, not older than three months).
HFM Trading Platforms
The broker offers a selection of popular and advanced trading solutions to cater to different trader preferences and needs. HF Marketsā trading platforms:
HFM app | MT4 | MT5 | |
Windows | - | ||
MacOS | - | ||
Linux | - | - | |
Android | |||
iOS |
A wide range of platforms ensures that traders can choose the tool that best suits their trading style and technical requirements, whether they prefer desktop applications, web-based solutions, or mobile trading.
Fee Structure and Spreads on HF Markets
The broker offers competitive pricing across its various account types. Here's a breakdown of the fee structure and spreads on HFM.
Spread | Commission (Forex Pairs) | |
Cent | Floating from 1.2 pips | $0.00 |
Zero | Floating from 0.0 pips | $6.00 to $8.00 |
Pro | Floating from 0.6 pips | $0.00 |
Premium | Floating from 1.2 pips | $0.00 |
Top-Up Bonus | Floating from 1.4 pips | $0.00 |
It's important to note that spreads can widen during low liquidity or high market volatility. Traders should always check the current conditions before executing orders.
HFM Available Payment Methods
We should examine the available payment options in this point of HFM review. The company provides a variety of deposit and withdrawal methods to accommodate traders from different regions.
Min (Deposit) | Max (Deposit) | Min (Withdrawal) | Deposit Time | Withdrawal Time | |
Wire Transfer | $100 | Unlimited | $100 | 2 to 7 Business Days | 2 to 10 business days |
MasterCard | $5 | $10,000 | $5 | Up to 10 minutes | 2 to 10 business days |
VISA | $5 | $10,000 | $5 | Up to 10 minutes | 2 to 10 business days |
Crypto | $30 | $10,000 | $10 | Instant | Up to 24 hours |
Perfect Money | $100 | $10,000 | $10 | Up to 10 minutes | Up to 10 minutes |
Skrill | $10 | $10,000 | $5 | Up to 10 minutes | Instant |
FasaPay | $5 | $5,000 | $5 | Instant | Instant |
PayRedeem | $10 | Variable | $100 | Up to 10 minutes | Up to 10 minutes |
The broker offers Neteller and WebMoney in addition to the mentioned methods for withdrawing money. The minimum amount for them is $5, and the process takes up to 10 minutes.
Does HF Markets Offer Copy Trading or Any Growth Plans?
We should explore available growth strategies in the HFM Markets review. The firm offers a copy trading service, which allows clients to follow and replicate the strategies of successful traders. You can become a follower or strategy provider in this program. Features of HF Marketsā copy trading service:
Follower | Strategy Provider |
Customize allocation and risk settings | Earn performance fees from successful trades |
Real-time monitoring | Build a track record and attract followers |
Transparent fee structure | Showcase trading skills to a wider audience |
Ability to start/stop copying at any time | - |
The broker also offers a PAMM program, in which you can become a Fund manager or an investor and earn money from successful trades.
Assets and Financial Instruments on HF Markets
HFM Markets offers a diverse range of trading instruments across various asset classes. You can trade CFDs on over 1000 financial instruments.
Forex | EURUSD, CADCHF, CHFJPY, CADJPY |
Metals | Palladium, Platinum, XAG, XAU |
Energies | UKOIL, USOIL |
Stocks | Adidas.K, GOOGLE, EBAY, FORD, AMD |
Indices | AUS200, FRA40, HK50, USA100, UK100 |
Bonds | EUBUND.F, UKGILT.F, US10YR.F |
Commodities | Cocoa, Coffee, Copper, Cotton, Sugar |
ETFs | IWB, QQQ, SPY, XLB, VXUS |
Cryptocurrencies | ADAUSD, ATMUSD, BTCJPY, ETCUSD |
This wide array of financial assets allows traders to explore various markets and implement diverse trading strategies, catering to different risk appetites and investment goals.
What Promotion Plans and Bonuses Does HFM Offer?
Another attractive aspect that we should talk about in HFM Markets review is the brokerās bonus offerings. The firm provides several promotional programs and bonuses to attract new clients and reward existing ones. However, it's important to note that the availability of these plans may vary depending on your region and regulatory restrictions. Key promotions offered by HF Markets:
- 20% TOP-UP: Up to $5000 bonus on every transfer in the exclusive account;
- Gadget giveaway: XBOX series S, iPhone 15 pro max, and other cool gadgets as the winning prize for trading contests;
- Traders award: $1,000 cash reward for the trader with the best performance;
- Loyalty program: Earn HFM bars for each traded lot based on your active trading days.
HF Markets Customer Support
Providing several channels for clients to seek help is crucial in any online platform. Considering this, the company offers customer support through several methods.
Live chat | Available 24/5 for quick assistance |
support@hfm.com | |
Phone | +44-203 097 85 71 |
The broker supports clients in more than 27 languages 24/5 with limited weekend support for urgent issues.
Which Countries Are Restricted on HF Markets?
The broker operates globally but is restricted from offering services in certain countries due to regulatory requirements, sanctions, or other legal considerations. Here's a list of countries where HFM cannot provide its services.
- United States of America;
- Afghanistan;
- Algeria;
- Belgium;
- British Columbia (Canada);
- British Virgin Islands;
- Central African Republic;
- Democratic Republic of the Congo;
- France;
- Guinea;
- Haiti;
- Iran;
- Iraq;
- Israel;
- Ivory Coast;
- Lebanon;
- Liberia;
- Libya;
- Quebec (Canada).
HF Markets Broker Tools
The broker provides a suite of tools to enhance the trading experience and assist traders in making informed decisions. HFM Markets trader tools:
- Economic Calendar: Real-time updates on major economic events with customizable filters for currency pairs and importance levels;
- Calculators: Calculate pip value, pivot points, position size, swaps, and many more;
- Market Analysis: Daily market reviews and forecasts and weekly outlook reports;
- VPS (Virtual Private Server) Service: Uninterrupted trading and faster execution, ideal for algorithmic and high-frequency traders;
- Autochartist: Automated market scanner for MT4/5;
- SMS service: Get notifications on market changes via SMS.
HFM Trust Scores from TrustPilot and Other Review Websites
The broker has garnered significant attention on various review platforms, with TrustPilot being one of the primary sources of customer feedback. Here's an overview of HF Markets' trust scores and reputation.
4.3 out of 5 | |
3.7 out of 5 | |
4.1 out of 5 |
Reliable and fast withdrawals, competitive trading conditions, user-friendly platforms, and educational resources are the key points of positive feedbacks. However, there are some reports of account suspension issues, occasional technical glitches, and withholding of clientās money.
While the overall sentiment is positive, potential clients should consider both praise and criticism when deciding. It's important to note that individual experiences can vary, and traders should always conduct their due diligence.
Educational Content on HF Markets
The company offers a comprehensive suite of educational resources designed to cater to traders of all experience levels. These contents aim to enhance trading knowledge and skills and keep traders informed about market developments. Here's an overview of the HFM educational offerings.
- Academy: Structured courses, video tutorials, E-books, and PDF guides covering trading topics;
- Webinars: Live online sessions with market experts;
- Daily market analysis: Latest news, outlooks, and analysis;
- Glossary of economic releases: A list of the most important financial announcements worldwide.
Conclusion and Final Words
HFM provides CFDs on more than 1000 financial instruments across nine different Markets, including Forex, Metals, Commodities, Indices, Cryptos, ETFs, Bonds, Stocks, and Energies.
You can trade ETFs such as iShares Russell 1000, Invesco QQQ, SPDR S&P 500, and many more SPDR funds on HFM Markets. Share your thoughts on the HFM Markets review in the comments.