Partner code
vnd
for assistance

Review broker HFM in detail for investors to know

Compared to the numerous Forex Brokers on the market today, in terms of clear and transparent information criteria, the HFM trading exchange (old HotForex) is probably the most prominent name that has won the hearts of investors. when setting up 2 representative offices in the UK. So is HFM a choice worth considering? Does the service provided by HFM satisfy investors? Let’s learn more about the HFM trading platform with Learn Forex Trading through the most detailed review broker HFM of 2022 below!

What is HFM – Introducing the HFM trading platform (old HotForex)

HFM is owned by HF Markets Group, established in 2010 in St.Vincent and the Grenadines with two brands: HotForex and HF Market. HotForex is headquartered in Cyprus, with several global offices located in Dubai, South Africa. To be able to register for more operating licenses, to provide reliable services to every country around the world. In September 2022, HotForex officially changed its name to HFM. To diversify the supply portfolio more.

HFM Forex offers a variety of trading tools on its 17-instrument MetaTrader platform. More than 150 trading products in fields such as Indexes, Metals, Energy, Stocks, Commodities, Bonds, and cryptocurrencies.

Introducing the HFM trading platform (old HotForex)
Introducing the HFM trading platform (old HotForex)

With the motto of honesty, openness, and transparency, HFM has become a broker providing services to more than 350,000 accounts. With over 2 million visits per month, 35 industry awards as well as customer support in 27 different languages. Many investors review broker HFM  as very worth trading.

Some basic information about HFM

  • Year of establishment: 2010.
  • Minimum deposit: $5.
  • Maximum leverage: 1:1000.
  • Social trading: PAMM and RAMM funds.
  • Deposit method: Credit card, Neteller, Skrill, Internet Banking, Bitcoin.
  • Trading products HFM provides Currencies, cryptocurrencies, metals, energy, CFD stocks, and ETFs.
  • HFM trading software supports MT4, MT5, and HF App.
  • Compatible OS: Windows and Mac Desktop Platforms, Web Platforms, Android and iOS.

See more: Latest HFM login instructions

License and certificate to operate HFM exchange

This is a factor that HFM proves to be quite strong in as they are managed by many reputable management organizations in many different regions:

  • HF Markets (SV) Ltd was established in St. Vincent & Grenadine as an International Business Company with registration number 22747 IBC 2015.
  • HF Markets (DIFC) Ltd is regulated by the Dubai Financial Services Authority (DFSA) with license number F004855.
  • HF Markets (UK) Ltd is regulated and regulated by the Financial Conduct Authority (FCA) – UK. The license number is 801701.
  • HF Markets (Europe) Ltd is a Cyprus Investment Firm (CIF) under license number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 183/ twelfth.
  • HF Markets Ltd is licensed by the Financial Services Commission (FSC) of the Republic of Mauritius, Global Trading License type No. C110008214 | Company Registration No. 094286/GBL.
  • HF Markets SA (PTY) Ltd is regulated by the Financial Conduct Authority (FSCA) in South Africa, with authorization number 46632.
  • HF Markets (Seychelles) Ltd is regulated by the Financial Services Authority (FSA) with license number SD015.
  • License and certificate to operate HFM exchange
    License and certificate to operate HFM exchange

HFM scam or reputable?

Through these licenses and certificates, if there is a rumor that HFM scam, it is completely baseless. A forex exchange licensed by many large organizations like HFM is certainly reputable. Besides, based on these licenses, we can review what kind of trading platform HFM broker is.

HFM trading accounts and products

HFM currently offers many different account types for you to choose from including Micro Accounts, Premium Accounts, Zero Spread Accounts, Auto Accounts, Islamic Accounts, PAMM (Premium) Accounts, and HFcopy Accounts.

Micro Trading Account

  • Minimum deposit: 5 USD
  • Maximum leverage: 1:1000
  • Floating spread: from 1 pip
  • Commission fee: none
  • Maximum open position (order): 150

This account is designed specifically for traders new to the Forex market, with small and medium trading volumes. That’s why the minimum deposit amount is low, only 5 USD or more. However, it enjoys a very high leverage level, which can be said to be the highest compared to the remaining accounts at 1:1,000.

Premium Trading Account

  • Minimum deposit: 500 USD
  • Maximum leverage: 1:400
  • Floating spread: from 1 pip
  • Commission fee: none
  • Maximum open position (order): 300

Premium accounts are intended for traders with experience in trading. So the total trading volume in this account is quite large, up to 60 lots with a minimum trading volume of 0.01 lot. You can trade this account on all platforms that HFM offers such as MetaTrader4, and MetaTrader 5, or trade directly on Webtrader, as well as 2 mobile trading platforms such as Android and iOS.

Premium Trading Account
Premium Trading Account

Zero Spread Account

  • Minimum deposit: 100 USD
  • Maximum leverage: 1:200
  • Floating spread: from 0 pips
  • Commission fee: 3 USD/lot
  • Maximum open position (order): 500

With a minimum deposit of only 200 USD, this is considered the most popular account type by many traders at HFM. Aside from the low minimum deposit amount, this type of account is as the name suggests. You will enjoy spreads from just 0 pips, with Super Low commissions of only 3 USD/lot and no other IMPLIED fees. This account is suitable for almost all traders. But especially useful for those who trade in large volumes.

AUTO trading account

  • Minimum deposit: 200 USD
  • Maximum leverage: 1:500
  • Floating spread: from 1 pip
  • Maximum open position (order): 300

The AUTO HFM account is intended for investors new to the markets by allowing them to sign up for free and paid trading signals from the MQL5 community. Integrated in HFM’s MT4 terminal. Investors can automatically copy the signals of any signal provider. As for paid signals, you will be allowed to try them for 1 month, without charge.

Clients using an AUTO HFM account can subscribe to signals via the MetaTrader 4 platform.

HF Copy account

  • Minimum deposit: 500 USD (for investors providing strategies), 100 USD (for traders who copy orders – Followers)
  • Maximum financial leverage: 1:400
  • Spread from (pip): From 1 pip
  • Maximum Number of Simultaneously Open Orders: 300

Trading performance (commission) up to 35% from people who copy your trades.

HFCopy accounts are available to both strategy providers (SPs) and followers who have joined HFcopy. SPs can open HFcopy accounts to build followers and trade in exchange for performance fees, as high as 50%. On the other hand, followers, by opening an account will be able to deposit funds and start copying the trades of their chosen SPs.

PAMM trading account

  • Minimum deposit: 250 USD
  • Maximum leverage: 1:300
  • Floating spread
  • Maximum open position (order): 350

PAMM is a forex account built to bring investors and traders closer together.

Additionally, HFM offers over 100 trading products on its platform. Include:

  • Foreign exchange (Forex):49 currency pairs are traded. Leverage up to 1:1000 with Micro accounts and 1:500 with other account types.
  • Metals & Energy: HFM offers 2 metal products, Gold and Silver, traded against USD and EUR. In Energy, HFM offers clients the ability to trade Oil and Gas.
  • Index: HFM’s index products include all popular indexes such as SPX500, Japan 225 or Germany 30.
  • Stocks: HFM provides 56 different stock codes such as Apple, Amazon, Alibaba, Google, eBay, Adidas, etc. The maximum trading size is 5000 shares.
  • Bonds: HFM offers 3 types of bonds: Euro Bund, UK Gilt, and US 10-year. Detailed information about the expiration date of each type of contract can be found on HFM’s website.
  • Crypto: These are the newest trading products. Four cryptocurrencies including BTC, ETH, LTC, and XRP can be traded right on HFM’s platform.

Additionally, HFM offers free VPS for traders with a minimum deposit of $5,000.

Leverage, commissions, and spreads on the HFM platform

Leverage:  Looking at all the accounts above, you can see that the maximum leverage that HFM offers is 1:1,000. However, it is only available in Cent accounts, the remaining accounts, compared to the average of many forex exchanges, all have quite modest leverage levels ranging from 1:200 to 1:500.

This is also true because HFM is bound by many reputable financial agencies around the world such as FCA. Therefore, the leverage threshold usually cannot exceed 1:500 according to regulations from this agency.

Commission fee: The commission fee is very low compared to many other exchanges, only 3 USD/lot.

Spread fee: depending on the account type, to enjoy low spreads, you should register for a Zero Spread account type. This type of HFM account is used to compete with many other ECN exchanges such as ICMarket, and XM, the remaining accounts have an average spread fee like the EUR / USD pair of about 1.2 pips, higher than many other exchanges.

Forex Micro Account
EUR/GBP 1.8 pip
EUR/USD 1.2 pip
GBP/USD 1.8 pip
USD/CAD 1.9 pip
USD/CHF 1.9 pip
USD/JPY 1.7 pip
EUR/JPY 1.7 pip

Leverage table, commission fees, and spreads on the HFM platform

HFM trading platform

HFM is a broker that operates exclusively with MetaTrader, which allows them to offer users the full MT4 and MT5 platforms for all versions.

From Desktop with versions for Mac, Windows, and Linux to mobile devices for both iOS and Android platforms, of course, iPad is also supported. Join us in reviewing broker HFM  through trading platforms.

MetaTrader4 – MT4

MetaTrader 4 has been around for a long time but is still favored and appreciated by traders for its friendliness and ease of use. Here are some features of MT4:

  • 9 different timeframes from M1 to MN
  • Over 50 built-in indicators and tools
  • View multiple charts simultaneously
  • Ability to overlay analysis objects
  • Access to MQL5 Market where you can buy EAs, signals, indicators, and other trading tools to help you trade

MetaTrader5 – MT5

Although the MetaTrader 5 platform is not as popular as MetaTrader 4, it is a later platform with many superior features compared to its predecessor. Here are the features of MT5:

  • 21 different time frames
  • 80 built-in indicators and tools
  • View up to 100 interactive charts
  • Integrated economic calendar
  • Trade all levels of HFM assets
  • MetaTrader5 – MT5
    MetaTrader5 – MT5

MT4/MT5 WebTerminal platform

HFM provides users with the ability to access and trade their accounts right on the web platform via the MT4/MT5 Web Terminal.

That means you don’t need to download and install any additional software to be able to trade. Just visit HFM’s WebTerminal. Start trading with all the same features as on the MetaTrader desktop platform.

This is very convenient for you when you need to use your trading account away from your computer or you simply don’t want to download an application.

MultiTerminal HFM Platform

HFM’s MultiTeminal platform provides users with an extremely convenient tool to be able to manage multiple accounts at the same time from a single MT4 transaction.

Users will feel very familiar because HFM’s MultiTerminal is based on the MT4 platform with full features, some features are even considered more powerful.

  • Supports an unlimited number of trading accounts
  • Manage trading activities in real-time
  • Match many types of orders
  • Monitor price data online
  • Full tracking of transaction history
  • MT4 interface is easy to use

Mobile trading platform

MT4 and MT5 on Android and iOS platforms are shortened versions of desktop and web traders but contain all the necessary features for trading such as:

  • Supports multiple time frames
  • Trade directly from the chart
  • Full support for all order types including pending orders
  • Full display of trading levels and volumes
  • Supports a wide variety of indicators and built-in tools
  • Full support for 3 chart types: bar, candlestick, and line
  • Friendly interface
  • Save data usage

You can download the mobile app from app stores or directly from the HFM website. At the same time, when experiencing this, please review broker HFM which trading platform is best.

Deposit and withdraw money at HFM

HFM supports many different deposit methods for UK traders such as Internet Banking, Visa, Skrill, and Neteller. In general, HFM withdraws money very quickly and conveniently with a minimum withdrawal amount of 15 USD or more. In particular, the exchange has a policy to support direct deposits and withdrawals through the exchange IB. So you can ask exchange staff to advise you about this policy because they are much faster and more convenient than the above forms.

Deposit and withdraw money at HFM
Deposit and withdraw money at HFM

In addition, HFM also applies a free policy when depositing and withdrawing with Visa cards. This is an extremely competitive point that not every exchange can do.

Note: to withdraw money during the day, you should withdraw before 3:00 p.m. (UK time).

See more: Instructions HFM sign up account on the phone

Customer protection policy and customer care services at HFM

HFM is one of the exchanges with quite good customer protection policies with many policies such as a civil liability insurance policy up to 5000,000 Euro, account protection policy against negative balance, Segregated mechanism accounts (separate accounts)

HFM also cooperates with many large banks in the world to ensure liquidity for customers. In addition, the HFM exchange also applies an independent external audit policy (Externally Audited). Compensation mechanism for customers… This is a highly appreciated point to ensure the safety of customers’ accounts.

Care service is a very important factor when deciding to choose a reputable forex trading exchange. Regarding support services and customer care of HFM, it can be said that it is one of the trading exchanges with the best support team in the UK. Traders are supported very quickly through many channels such as phone, email, online chat, and Skype. Especially because HFM has an office in the UK, all problems are resolved extremely quickly.

Customer care service at HFM
Customer care service at HFM

Conclusion, general assessment of HFM exchanges

HFM is a broker with experience in the foreign exchange investment industry and is truly reputable in the Forex market. They are regulated and managed by many trusted organizations around the world. Through the detailed  above, Self-study forex summarizes the advantages and disadvantages of the HFM exchange as follows:

Advantage

  • HFM is a reputable forex broker regulated in different countries and has won many awards in competitions.
  • Is one of the brokers that meets the most diverse audiences and customer needs with diverse products. Many flexible account types such as PAMM and FIX/API for algorithmic traders.
  • Spreads as low as 0 pips.
  • Multilingual customer support, including UK. There is also a Personal Account Manager
  • HFM offers trading with a minimum deposit of just $5 and a maximum leverage of 1:1000.
  • 100% bonus promotion and often organize many trading contests for customers.

Defect

  • Micro account type has slightly high spreads.
  • Crypto CFDs are limited to weekdays, with no weekend trading for Crypto CFDs.

Over the years, HFM has continuously improved the quality of its services. The trader community review broker HFM very highly. It is ranked among the leading reputable brokerage exchanges in the UK as well as in the world. Let’s join Learn Forex Trading to start trading on HFM today and wishing you successful trading!

Enter partner code
vnd
for assistance

Let's discuss

Get Ebook-EA

Ebook

Instructions for receiving Ebook-EA documents: Here