HFM (HF Markets) Review: Key Features, Pros, And Cons (2024)

Review

Website: https://www.HFM.com/

HFM is one of the most respected forex brokers on themarket. They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. HFM is a forex and commoditiesbroker and is the brand name of HF Markets Group.

HFM offers an extensive range of over 150 tradeable assetsto its clients. Traders have numerous markets to participate in with manytrading options, including Forex, CFDs, Spot contracts, and Futures contracts.Traders can choose from 50 forex pairs to trade, a range of commodities, manyindices, over 50 shares, seven cryptocurrency pairs, and bonds. Every market isavailable to satisfy any trader's needs.

HFM Regulations and Licenses

Countries/Regulators

HFM is a reputable broker offering its services around theworld. They have been around since 2010, with headquarters in St. Vincent &the Grenadines.

They are regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in Europe, and theFinancial Services Commission (FSC) of the Republic of Mauritius, to name afew.

The website is owned and operated by HF Markets Group ofcompanies, which include:

• HF Markets (SV) Ltd with registered address Suite 305,Griffith Corporate Centre, PO. Box 1510, Beachmont Kingstown, St. Vincent, andthe Grenadines.
• HF Markets (Europe) Ltd with registered address SpyrouKyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus.
• HF Markets SA (PTY) Ltd with registered address Katherine& West Suite 18 Second floor 114 West Street Sandton, Johannesburg 2031.
• HF Markets (Seychelles) Ltd with registered address Room107, Orion Complex. PO Box 1228, Victoria Mahe, Republic of Seychelles.
• HF Markets Fintech Services Ltd with registered addressSpyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus.
• HF Markets Ltd regulated by the Financial ServicesCommission (FSC) of the Republic of Mauritius, category 1 Global Business No.C110008214 License | Company Reg. No. 094286/GBL.
• CySEC, FSC, FSB, FCA, BaFin, DFSA.

HFM Account types

Retail Trader Accounts

HFM offers different types of accounts to its clients tosuit a wide range of trading strategies. Based on regulator requirements, thereare different account types for each region.

For instance, in Europe and the UK, HFM offers its Micro,Premium, and Zero Spread only.

Micro Account

Micro Account has the lowest minimum deposit and offers allthe features of our other account types.& access to all trading instrumentson HFM. You can trade micro-lots with this account, at 40% Margin call leveland 10% stop out level. No commission involved, but you have to account for thevariable spread (a benchmark figure of 1.3 pips). You can trade a maximum of 7Lots per trade up to a maximum number of 150 orders.

Premium Account ($100 deposit)

Premium Account has a minimum deposit of $100 (~1460 ZAR),maximum leverage of 1:500 & access to all trading instruments on HFM. Youcan trade micro-lots with this account, at 50% Margin call level and 20% stopout level. No commission involved, but you have to account for the variablespread (a benchmark figure of 1.2 pips). You can trade a maximum of 60 Lots pertrade up to a maximum number of 300 orders.

Zero Account (Recommended with $200 deposit)

Zero accounts have a minimum deposit of $200 (~2920 ZAR),maximum leverage of 1:500 & access to all trading instruments on HFM. Youcan trade micro-lots with this account, at 50% Margin call level and 20% stopout level.

Islamic Account

This account type is the same as the Premium or Zero SpreadAccount but follows Islamic law and therefore is a swap-free account.

HFCopy Account

HFCopy account is a tool and an account that, is easily accessible viathe internet, which allows traders to copy a partner known as a StrategyProvider. This is a unique offering developed by HF Markets and is availableonly to traders of HFM

The Copy account allows you to track the leading traders andcopy their trades. An advanced trader with trading experience, can become aStrategy Provider and display their trading strategy, knowledge, and expertisein exchange for a performance fee based on copy trades.

Demo Account

HFM Demo account is designed to closely resemble the Liveaccount, thereby offering a seamless transition to the Live account for anybodynew and testing the market before putting in their real money. The demo platform willhave $100,000 virtual money when you open the account, where you can check yourtrading strategies under close to actual market conditions.

HFM Fees, Costs & Spreads

HFM charges no commission or fees on deposits orwithdrawals.

Forex spreads are as low as 0, and a maximum leverage of1:200 is achieved. Traders can have a maximum of 500 open orders and a minimumtrade size of 0.01 lots.

Limit and stop levels start from 2 pips, and traders canbegin trading with as little as $100 for the minimum deposit. In addition tothe usual trading conditions, they can be further improved with the variousbonuses offered by HFM.

Rollover, also known as Swap or Overnight Fee, is aninterest paid or earned as a result of holding an open position overnight on a derivative. HFM Rollover Policy is aimed at establishing and maintaining a fair feeacross all the tradable securities and asset classes. Throughout most of theavailable securities, apart from Forex, Gold, and Cryptos, the rollover feeconstitutes an internal interest fee plus or minus the rollover fee.

Deposits & Withdrawals Methods

The broker allows traders to deposit and withdraw funds with variousmethods. The minimum deposit amount is only $50, which is very low compared tocompetitors in the industry, and there is no limit for minimum withdrawalamounts.

Withdrawal methods are the same as the deposit methodsexcept that the e-wallets available for withdrawals are limited to Skrill &Neteller. Also, bank wire withdrawals must be a minimum of $150.

Trading Platforms at HFM

HFM provides the universally recognized MetaTrader 4 platform as their trading platform. The platform can be downloaded on thedesktop or used online through the MT4 web-trader platform. As well, MT4 mobileapplications are available for both Apple and Android smart devices.

Theplatforms come equipped with all the necessary tools and features aprofessional trader needs to trade successfully. For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators. Automated trading is also availablethrough expert advisors.

HFM has added the new and updated version of MT5 boastsstate-of-the-art features including options for hedging, while MT4 is slightlyless advanced and more suited to traders who are new to the markets.

MT4 & 5 Terminal

HFM offers the full range of the MT4 and MT5 trading platforms. Most professional traders use the MT4 terminal. The Terminal moduleof the MT4 platform allows you to manage and monitor all your tradingactivities, pending orders, trading account history, cash operations, overallbalance, equity, and your margin. Read on to learn more about how you can makethe most of it.

MT4 & 5 WebTrader

HFM offers the Web Trader from MT4. Traders can access theWeb Trader on any browser by just launching it and logging in with your accountdetails, placing trades on just a button. Traders can view theirtrading activity and analyse using advanced analytical tools and charts attheir disposal.

Mobile App & MacOS

HFM supports trading on iPhone, iPad as well as Android MT4platforms. The beauty of these platforms is the one-click execution of trades,which allows you to place trades easily on the go. You can even perform severaltrading operations like monitoring, access to trading history, real-timecharts, dynamic tracking of account details, etc., which makes it very useful.

HFM Available Assets

Cryptocurrencies like Bitcoin, Dashcoin, Litecoin, Ethereum,and Ripple against the USD or EUR.

Metals are often more resistant to various macroeconomicevents; hence they are an excellent option to diversify your portfolio. HFMoffers CFD on Metals. Metals are available on the Spot market including Gold,Silver against the USD, and Euro.

Index trading involves speculation on the movement of asection of a market, instead of individual stocks. Depending on the marketmovement, there will be potential for profits.

You can trade both Spot marketIndices (plural for Index) as well as the Futures market. Examples of Indicesinclude Australia 200, France 40, US Wall Street 30, etc. You may refer herefor the full details on various Indices on offer on HFM.

Share contracts can be traded on HFM. They are differentfrom trading stocks where the parties don't own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset.

Energies include UK Brent Oil, US Crude Oil and US NaturalGas. You may trade UK Brent Oil and US Crude Oil on Spot markets on HFM.

Commodities are sensitive to political and economic events,which makes them attractive to traders. HFM gives access to trade on popularcommodity markets. You can trade Palladium contracts on Spot markets and avariety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and SoybeanOil contracts on Futures markets on HFM.

Bond contracts like Euro bond, UK Gilt, US 10-year Treasurynote are also available to trade on HFM.

HFM Trading Conditions

HFM provides traders with favourable trading conditions thatare considerably better than many other online trading brokerages. Forinstance, traders achieve excellent execution speeds through their premium MT4and WebTrader platforms.

During events of high volatility, sudden price movementsmay occur, and margin calls or stop loss may not function correctly, whichcould lead to a negative balance in the account. Under HFM policies, the clientis not liable to pay back a negative balance.

HFM Notifications and Alerts

The broker provides its traders with breaking market updates directly totheir mobile phones with our new *SMS Service. With two separate SMSNotifications to choose from, you can keep up-to-date with the latest from themarkets wherever you may be.

Stay alert to market changes and subscribe today! The SMSService is complimentary to clients who meet the specific deposit and balancerequirements.

• Flash Updates: Every trader knows how vital the dailyEconomic Calendar is. Our Flash Updates will keep you informed about high-impact events occurring during the European Session and US session (8 a.m.-5 p.m. GMT).
• Auto chartist Updates: This high-level, high-frequencySMS Service provides alerts on market highs/lows, significant price movements,Moving Average cross-over events, overbought/sold events and breaches ofsupport and resistance levels.

HFM Trading tools and analysis

The three most attractive tools offered to traders are thePremium Trader Tools, the Autochartist tool, and VPS Hosting. Forex tradersalso get a range of different calculators, which will help them determinecritical aspects of each trade. The platform is packed with a series of helpfulfeatures to enhance the trading platform, allow for a quick and simple overviewof the Forex market, and customize how you trade.

• HPCopy allows you to copy the trading positions of anothertrade.

HFM Education and Training

The research and education section is very well organizedand offers a combination of written analysis, videos, webcasts, and podcasts.The research covers technical as well we fundamental analysis, comes daily, andfeatures weekly insights as well as monthly, quarterly, and annual outlooks. Itis a very comprehensive offering and is led by the HFM Head Markets Analyst.

The educational package includes over 20 video tutorials,over 30 recorded Forex videos, trading webinars with Forex experts, and the HFMeCourse in Forex. HFM has done a great job of publishing research &education, and it is visible that plenty of effort and resources are dedicated,especially in the research section.

HFM Customer Support

Customer support is available in more than 10 languages.Live chats are available also. You can reach Customer Support via the phone:emails, and social media. You can also contact them by filling out the contact formon the official website.

HFM Social Responsibility

HFM has a strong commitment to not just providing the bestpossible customer experience, but also acknowledging its social responsibilityto communities and organizations around the world.

HFM Sponsorships

HFM sponsors and supports professional athletes who sharetheir commitment to excellence.

HFM Partnerships

HFM offers several ways to partner with them. They providelucrative programs without standing support and advanced technology. Eachpartner is linked with a Personal Account Manager to make sure their plans aresuccessful. They offer creative marketing tools and materials.

There are nolimits on commissions or on how to manage your business. HF Affiliates is oneof the leading Partner Programs in the industry featuring competitivecommissions, marketing tools, and exceptional support.

HMF Review Conclusion

HFM is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability. They are a well-regulated STP broker with awards for its clientprotection and product offerings. With accounts that suit both beginners andprofessionals, ample training material, frequent market analysis, and a broadselection of trading tools, HFM is an excellent choice for new and experiencedtraders.