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HFM
HFM is a Forex broker supervised by the St. Vincent and the Grenadines Financial Services Authority (SVGFSA), founded in 2010. The HFM Group as a whole holds eight financial licenses, currently expanding its services around the world, mainly in Europe. In May 2022, “HotForex” rebranded into “HFM”.
The feature of HFM is its extensive product lineup. In particular, it has a wide variety of CFD products, and in addition to precious metals, energy, stock indexes, cryptocurrencies, and stocks, ETFs and DMA (direct market access) stocks can be traded with MetaTrader5 (MT5). With DMA stocks, you can trade stocks of companies listed not only in the US, but also in the UK, Germany, and other countries.
HFM offers 4 account types, Premium, Pro, Zero, and Cent, in addition to the Top-up Bonus account, which grants a top-up bonus every deposit. All account types, except the Top-up Bonus account, offer maximum leverages as high as 1:2,000. Swap is also free on all accounts. Unlike other account types, the Cent account has a minimum trade size of 1,000 currency units. This account type is recommended for beginners, EA testers, and others who wish to trade with less risk. The Zero account features a minimum one-way trading fee of $3 and a minimum spread of 0 pips. The small spreads keep trading costs low, making it popular with scalpers. The new Pro account offers the industry's smallest spreads, as low as 0.5 pips, making it a versatile account type for both short-term and long-term trading. The Top-up Bonus accounts have slightly larger spreads, but you will receive a 20% bonus on every deposit you make. There is no minimum deposit requirement for this account type, and bonus earnings can be withdrawn.
As for incentives, there is a 20% deposit bonus, which can be used as margins. A loyalty program is also available where you can receive HFM Bars that can be exchanged for cash. The longer you trade, the more HFM Bars you can earn, which means, the more profitable trading will be.
Trading contests with prizes are held monthly on both demo and real accounts. In addition, you can receive cashback at a certain rate based on the free margin if you meet the conditions of “Return on Free Margin”.
The appeal of HFM is that it is possible to manage the assets of more than 1,000 rich products using various methods with risk diversification in mind. It is a popular international forex broker among traders who want to actively adopt new trading methods such as Expert Advisors (EA) and copy trading.
Pros
- Wide range of products
- High leverage up to 1:2,000
- Wide range of bonus programs
- Highly recognized and reliable worldwide
Cons
- With requote
Operating Company
- Company name:
- HF Markets (SV) Ltd.
- Head office address:
- Suite 305, Griffith Corporate Center, P.O.Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines
- Financial supervisor:
- St. Vincent and the Grenadines (SVGFSA)
- Founded:
- 2010
- Capital:
- Undisclosed
Customer Service
- Website language:
[Asia] Simplified Chinese, Traditional Chinese, Thai, Indonesian, Bengali, Malaysian, Japanese, Tagalog, Vietnamese, Korean, Urdu, Hindi
[Europe and America] English, Italian, Portuguese, French, Spanish, German
[Middle East, Africa] Arabic, Turkish
- Trading platform:
- MetaTrader4/5
- English support:
- Email, Support Chat
- Business hours:
- Weekdays 24 hours
- Email address:
- [email protected]
- Phone number:
- (+44) 203-097-8571
Trading Rules
- Roll over:
- 0:00 (Server time)
- Margin call:
- [Premium, Pro, Zero, Cent, Top-up Bonus] When the margin maintenance rate falls below 50%
- Loss cut:
- [Premium, Pro, Zero, Cent, Top-up Bonus] When the margin maintenance rate falls below 20%
- Matched order:
- Permitted(*1)
- EA restrictions:
- None
- Request for additional margin:
- None (If the margin becomes negative, zero cut will be performed)
- Funds management:
- Managed in a segregated bank account
- Bankruptcy compensation:
- Guaranteed up to € 5,000,000 by civil liability insurance program
(*1)Matched orders between multiple accounts are prohibited.
Conditions for Each Account Type
- Trading platform:
- MetaTrader4/5
- Brokerage model:
- STP method
- Spread method:
- Variable spreads
- Trading account currency:
[Premium, Pro, Zero, Cent,Top-up Bonus] US Dollar, Euro, Nigerian Naira
[Cent] Japanese Yen, US Dollar
- Maximum leverage:
- [Premium, Zero, Cent, Pro] 1:2,000
- Initial minimum deposit:
[Premium, Zero, Cent,Top-up Bonus] None
[Pro] $ 100 (USD)
- Lot size:
- [Premium, Pro, Zero,Top-up Bonus] 100,000 units
[Cent] 1,000 units
- Minimum order size:
- 0.01 lots
- Maximum order size:
- [Cent] 200 cent lots (2 lots)
[Premium, Pro, Zero,Top-up Bonus] 500 lots
- Maximum open orders:
- [Cent] 500 cent lots (5 lots)
[Premium, Pro, Zero,Top-up Bonus] 30,000 lots
- Instruments（symbols）:
[FX/Currency Pair]: 52(*1)
[CFD/Metals]: 6(*2)
[CFD/Indices]: 12(*3)
[CFD/Energy]: 2(*3)
[CFD/Cryptocurrencies]: 40(*3)
[CFD/Commodities]: 5(*3)
[CFD/Stock]: 863(*3)(*4)
[CFD/ETF]: 33(*3)(*5)
[CFD/Bonds]: 3(*3)
- Available trading hours:
Monday 0:00 am - Friday 11:59 pm (Server time)
- Transaction fees:
- [Premium, Pro, Cent,Top-up Bonus] None
[Zero] $ 3 - $ 4 (USD)(*6)
- Account maintenance fee:
- None
- Holding multiple accounts:
- Permitted
- GMT time difference:
- [MT4/MT5] Daylight saving time: +3 hours, Winter time: +2 hours
(*1)51 FX/Currency Pairs are tradeable with Cent account.
(*2)2 CFD/Metal is tradeable with Cent account.
(*3)These cannot be traded with Cent account.
(*4)96 CFD/Stocks are tradeable with MT4.
(*5)CFD/ETF cannot be traded with MT4.
(*6)The fee is per order (One way).
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
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