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Editor Rating
- 5/5 – Excellent
- HFM.com
- Website:
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Review Summary:
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HF Markets, previously known as HotForex, has won multiple awards for its excellent service and platform as an exchange broker. HFM offers facilities and trading services for institutional and retail customers that have gained worldwide recognition.
Table of contents
HFM.com is one of the most notable platforms in the world, and for a good reason. Forex and CFD trading can be tricky and risky. There are specific platforms available that facilitate trading and offer various types of accounts to help you get the most out of your investing experience.
HFM.com is one of these, so let’s review their services to determine if they’re legit and worth trying.
About HFM.com
HF Markets, previously known as HotForex, has won multiple awards for its excellent service and platform as an exchange broker. HFM offers facilities and trading services for institutional and retail customers that have gained worldwide recognition.
This company strives to provide high-quality trading conditions, as much as possible, to traditional traders and scalpers alike. Under expert advice, these traders have unhindered access to the site’s liquidity.
HFM hosts multiple assets, such as Forex and other commodities. You can choose between different trading platforms, tools, funding methods, and accounts through their CFD trading services.
Traders have options for diverse liquidity providers and spread through automated trading platforms using the strategy of their choice. Whether you have a small or large profile, you’ll be able to utilize their services all the same.
This brokerage has its headquarters in Cyprus, founded in 2010. They also have offices in South Africa, Dubai, and other notable locations.
Top Features of HFM.com
Here are the top features that make HFM.com a formidable trading platform:
Diverse Currencies
HFM offers 47 cryptocurrencies, currency pairs, and free access to more than one thousand securities like stocks, commodities, bonds, stock indexes, gold and silver, and more. You can even use mobile trading apps such as MT5 and MT4. The HF App gives you direct access to myHF, trading tools, news, financial analysis, and updates on your phone.
Additionally, this broker hosts HF Copy, a social copy-trading platform where you can copy specific strategies with any amount of leverage. Utilize training videos, client sentiment data, market analytics, articles, and other educational materials.
Bonuses
Reading all the prerequisites is critical before taking advantage of the massive number of bonus programs HFM offers.
The Super-Charged Bonus (100%): You receive a USD 2 cash rebate for every standard lot you trade.
Rescue Bonus (30%): This bonus protects traders from lower funds by boosting their leverage. You can’t withdraw the extra margin, but you can trade it.
Credit Bonus (100%): This program boosts leverage by offering every trader extra funds. You are allowed to withdraw the funds if you meet the turnover requirements.
Free Margin Return: Traders get reimbursed with funds dependent on the availability of daily free margin in their accounts. You can withdraw it or use it to trade.
Loyalty Program: The more you trade, the more HFM bars you acquire. You can use those bars for cash, awards, bonuses, or additional trading services.
This site also hosts contests that offer electronics, cash prizes, paid holidays, and other costly services. These gifts can be USD 1000, USD 2000, and more.
Educational Services
HFM provides educational materials for traders to optimize their potential. There are video tutorials, a frequently asked questions section, e-courses, live webinars, and more.
Additional features of HFM.com:
- Excellent reading conditions
- Spreads starting as low as 0.1 (depending on the account type)
- Hedging allowed
- Scalping allowed
- Support available in more than 27 languages
- 24 hours support is available five days a week
- Recipient of more than 60 industry awards
- Online portable for account management
- Reputable affiliate program
- Free account funding methods
- Rollover policy
Trading Tools
HFM has multiple trading tools available. With just a few clicks, you can execute the trades you want. There is also free virtual private server (VPS) hosting, exclusive analysis tools, breaking market news, automatic transfers, an economic calendar, and trading calculators, amongst many more.
There’s no shortage of resources available for traders to make the most of their experience on HFM’s platform.
Trusted Financial Products and Institutions
You can get a premium account starting at only $100. You can try the unlimited risk-free demo account, a swap-free Ismalic account, a copy trading account, the zero spread account, and other financial products from HFM.
This platform is suitable for Android users, iPhone users, desktop computers, iPads, and more.
HFM only does business with significant banks. Your funds will remain in multiple separated accounts, all funds are insured, and the company is completely transparent, as they are compliant with the MiFID initiative.
HFM Commission/Costs
HFM is always at the tight-spread offering. Additionally, it draws some of the most commonly enticing spread opportunities within the industry. There are also some proposed spreads from 0 pip on some accounts.
The Standard Micro account type requires only a minimum deposit of $5. Every account has a different minimum deposit, all of which are reasonable. On the other hand, if you choose to use a wire transfer to invest, there is a $100 limit.
Other commonly used payment methods include debit cards, bank transfers, credit cards, Neteller, FasaPay, BitPay, WebMoney, Skrill, and PayRedeem.
Outside of the processing fees administered by banking institutions, there are no depositing fees. The payment systems will issue fees incurred and not the broker.
For every method, there’s a $5 minimum withdrawal amount, except for PayRedeem and banks, which have a $100 minimum withdrawal amount.
Note that BitPay issues a 1% withdrawal fee by the broker. Banking institutions are likely to give various commissions. However, all other payment methods have no costs associated with them.
Wire and card transfers can take up to 10 days to process, and other methods should take only 10 minutes or less.
Having a variety of payment methods at the client’s disposal is a welcomed convenience in and of itself.
Customer Support
HFM.com provides excellent customer service, and the broker can specifically offer support in as many as 27 languages. With such comprehensive support, traders from virtually any country can trade and expect quality support if needed.
HFM Licenses/Regulation
HFM is an offshore branch, a part of the larger global HF Markets corporation. They have multiple offices in various jurisdictions that are heavily regulated.
There are numerous requirements that HFM must go through to obtain licenses from trustworthy regulatory bodies. HFM has to maintain a balance of EUR 730,000 to confirm that they have long-term financial stability. They must also maintain compensation funds, meaning that if they go bankrupt, the client has protection for up to EUR 20,000.
Customers never have to worry about brokers using their funds for their gains. It is important to note that 71.24% of clients that use HFM end up losing money at some point. It is up to traders to be responsible and not trade using funds you cannot afford to lose, as the stakes are or can be high.
Licenses
HF Markets is regulated and authorized by the Cyprus Securities and Exchange Commission. Additionally, they have a cross-border license which permits the company to provide investment services internationally.
Cyprus Securities and Exchange Commission, or CySEC for short, is a regulatory and supervisory authority for Investment Services firms. It is a member of the European Securities and Markets Authority, also known as ESMA.
The HF Markets in the UK are regulated and authorized by the Financial Conduct Authority. The FCA operates under reference number 801701.
The Financial Services and Markets Act 2000, which is an independent public body, governs the FCA. This committee works with the UK Treasury to support and ensure that a prosperous and healthy financial system exists where firms can be successful and where consumers can profit from effective and fair markets that are honest and transparent.
Other HFM entities, such as SVG, Seychelles, and Mauritius, are registered in offshore zones. There are some risks associated when trading with offshore brokers. However, due to HFM’s multiple parallel regulations, trade with them is generally considered safe.
Final Thoughts
To sum up, HFM is a highly qualified and well-established broker with a trusted and regulated trading environment conducive to traders from every walk of life.
All HFM’s services and products are geared towards specific requirements while offering a range of tools, clients’ accounts, instruments, and platforms to choose various strategies to employ. To top it all off, HFM boasts some of the lowest rates in the industry, and its pricing strategy is refreshingly transparent.
Editor rating
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
