HFM Review Pros, Cons & Rating
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August 30, 2021Acerca de
May 12, 2023High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure HFM clients have a notable edge in financial markets. When trading the main cost is usually the spread (the gap between the buying and selling price), but some accounts, like HFM’s Zero account, aim for super-tight spreads but add a fixed commission per trade. By DailyForex.com TeamThe DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends.
What is the minimum deposit in HFM?
- Minimum deposit: $0.
- Maximum Leverage: 1:2000.
- Spreads Types: Variable.
- Spreads from (pips): From 1.4 pip.
- Max Simultaneous Open Orders: 150.
- Read More.
Opening an Account
- These are tailored for clients following Shariah law and exclude interest-based rollover charges.
- Clients can review the entire withdrawal conditions on the HFM website, where HFM transparently posts them.I like the trading environment at HFM for both beginner and advanced traders.
- Responsive customer support also gets frequent mentions.
- As a leveraged product losses are able to exceed initial deposits and capital is at risk.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- Opening an account with the broker is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements.
Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Holding over 16 years of experience in global financial markets, and 4 B.A. The company offers a comprehensive suite of educational resources designed to cater to traders of all experience levels.
This site does not offer trading accounts to US residents and is not regulated in the USA. HFM provides a broad range of markets to trade, mostly through CFDs. We analyse the total cost using real data from live accounts to see how they compare. Other accounts, like Premium, have wider spreads but no separate commission.
What are the disadvantages of using HFM?
The cons of trading with HFM
The primary drawback of this broker is its restricted access to trading markets. More seasoned traders may find this to be too restrictive with a cap of slightly over 100.
HFM offers clients upgraded MT4/MT5 trading platforms, PAMM accounts, and a proprietary copy trading service. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. These contents aim to enhance trading knowledge and skills and keep traders informed about market developments. The firm offers a copy trading service, which allows clients to follow and replicate the strategies of successful traders. US residents may open trading accounts at cashbackforexusa.com. Like most brokers, they charge triple swaps on Wednesdays to account for the weekend when markets are closed.
Available Assets: Wide Range of CFDs
The diverse account offerings ensure that you can start trading with tight spreads from 0.0 pips. The company provides a range of account types to suit different trading styles and experience levels. It rewards its affiliates with commissions of up to $650 and supports Crypto payments. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
Are Islamic swap-free accounts available on HFM?
Once completed, your account setup is finalized. Then, agree to the broker’s terms to proceed. Visit the broker’s main website and initiate your sign-up by selecting the “Register” button. Reports of poor customer support Competitive spreads and leverage Diverse account types
- HFM caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu.
- These can range from deposit bonuses and loyalty schemes to trading contests.
- This site does not offer trading accounts to US residents and is not regulated in the USA.
- It’s important to note that individual experiences can vary, and traders should always conduct their due diligence.
- However, inactivity charges begin after six consecutive months without account activity, with a $5 monthly fee.
- I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. TradingFinder.com offers information for educational purposes only and is not responsible for any financial losses or decisions made based on its content. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
Account opening and verification on HF Markets
Please note that EEA traders must trade with the less competitive Cyprus subsidiary as HFM does not accept them via its international brokerages. Besides the 12-plugin MT4/MT5 upgrade and the Autochartist plugin, HFM offers VPS hosting, supporting 24/5 algorithmic trading and API trading, allowing demanding clients to connect advanced trading solutions to the HFM infrastructure, plus a sentiment index. HFM offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. The minimum deposit is $0, but it takes $100 for the most competitive trading account.
Non-Trading Fees
Use the live symbol search tool above to see exactly what’s available right now, based on data from live accounts. https://lunarcapital.club/ While opinions on spreads vary depending on the account type chosen (with some finding Micro/Premium high, and others praising Zero), many find them competitive overall. Users often highlight the variety of account types available (like Premium or Zero Spread) and find the trading platforms reliable with good execution speeds. A common theme is fast withdrawals and easy deposits, which is always reassuring. Scrolling through the HFM reviews on FxVerify, you’ll find many traders sharing positive experiences. Keeping an eye on these costs is crucial for any trader.
I value the HFM investment made using AI and big data to help clients navigate financial markets, especially with more than 500 CFD assets available to trade.HFM maintains a valuable educational section for beginners. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. With more than 2,500,000 live accounts supporting 27+ languages, HFM understands the needs and requirements of profitable traders, for which I applaud and recommend them.
The broker offers competitive pricing across its various account types. The broker offers a selection of popular and advanced trading solutions, including MetaTrader 4 & MetaTrader 5, to cater to different trader preferences and needs. HFM offers commission-free Forex trading (except on Zero account) with floating spreads from 0.0 pips.
What markets can I trade?
Feel free to use the orange “Edit” button to compare HFM’s swaps against other brokers or for different symbols. If you hold trades open overnight, you’ll encounter swap rates (also called financing or rollover fees). This gives you the ability to use leverage, which can amplify profits but also significantly increase potential losses. You’ll find the usual suspects like forex pairs, popular metals (Gold, Silver), Lunar Capital website energies (Oil), major stock indices, and a decent selection of individual company stocks.
Guaranteed Stop LossScalpingHedgingOne-Click TradingOCO OrdersInterest on MarginHFM offer their proprietary online trading app, which is available for both Android and iOS. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HFM App.Overview of Trading PlatformsMT4MT5cTraderProprietary PlatformAutomated TradingDOM? They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. Trading with a regulated broker will limit the potential for fraud and malpractice. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
HFM User reviews
Since HFM Group has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets (SV) Ltd. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. HFM also understands the importance of competitive regulation, leverage, and loyalty programs. Overall4.0/5Fees4.0/5Deposit and withdrawal5.0/5Asset selection4.5/5Ease of account opening5.0/5Regulation and security5.0/5
This multi-jurisdictional approach ensures that the company adheres to strict regulatory standards, providing traders with a secure and transparent trading environment. HF Markets, short for “Hot Forex Markets”, is a well-established and reputable broker serving traders worldwide since 2010. The broker also provides access to Autochartist and SMS market notification services. You should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. These can range from deposit bonuses and loyalty schemes to trading contests.
Responsive customer support also gets frequent mentions. Thinking about trading with HFM (formerly HotForex) in 2025? While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. We work hard to offer you valuable information about all of the brokers that we review.
HFM offer their proprietary online trading app, which is available for both Android and iOS. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HFM App. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.
HF Markets Broker Review 2025
Compensation schemes (like FSCS in the UK or ICF in Cyprus) also only apply under specific regulations, offering protection if the broker fails. HFM is quite popular, particularly in certain regions, and scores well in areas like available features and support. Having been around since 2010, they’ve built a significant global presence and are generally seen as a reliable broker. The broker’s long history and occasional promotions or contests are also seen positively by some users.
For an HFM TRC20 deposit, start by selecting “Cryptos” in the deposit menu, choose Tether (TRC-20), and specify the amount—minimum $30. For transactions involving currencies other than the account’s base currency, conversion fees are applied based on internal exchange rates. However, inactivity charges begin after six consecutive months without account activity, with a $5 monthly fee. It’s important to note that spreads can widen during low liquidity or high market volatility. For HFM verification, once your application is submitted, the broker will review it and request additional documentation for verification purposes.
While the overall sentiment is positive, potential clients should consider both praise and criticism when deciding. The website states that the brokerage typically replies to reviews within a week, and HFM has addressed all negative comments. The broker has garnered significant attention on various review platforms, with Trustpilot being one of the primary sources of customer feedback. Here’s a list of countries where HFM cannot provide its services. Providing several channels for clients to seek help is crucial in any online platform.
