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

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

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

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

HFM Regulations and Licenses

Countries/Regulators

HFM is a reputable broker offering its services around the world. 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 the Financial Services Commission (FSC) of the Republic of Mauritius, to name a few.

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

• HF Markets (SV) Ltd with registered address Suite 305, Griffith Corporate Centre, PO. Box 1510, Beachmont Kingstown, St. Vincent, and the Grenadines.
• HF Markets (Europe) Ltd with registered address Spyrou Kyprianou 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 Room 107, Orion Complex. PO Box 1228, Victoria Mahe, Republic of Seychelles.
• HF Markets Fintech Services Ltd with registered address Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus.
• HF Markets Ltd regulated by the Financial Services Commission (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 to suit a wide range of trading strategies. Based on regulator requirements, there are 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 all the features of our other account types.& access to all trading instruments on HFM. You can trade micro-lots with this account, at 40% Margin call level and 10% stop out level. No commission involved, but you have to account for the variable spread (a benchmark figure of 1.3 pips). You can trade a maximum of 7 Lots 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. You can trade micro-lots with this account, at 50% Margin call level and 20% stop out level. No commission involved, but you have to account for the variable spread (a benchmark figure of 1.2 pips). You can trade a maximum of 60 Lots per trade 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. You can trade micro-lots with this account, at 50% Margin call level and 20% stop out level.

Islamic Account

This account type is the same as the Premium or Zero Spread Account 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 via the internet, which allows traders to copy a partner known as a Strategy Provider. This is a unique offering developed by HF Markets and is available only to traders of HFM

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

Demo Account

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

HFM Fees, Costs & Spreads

HFM charges no commission or fees on deposits or withdrawals.

Forex spreads are as low as 0, and a maximum leverage of 1:200 is achieved. Traders can have a maximum of 500 open orders and a minimum trade size of 0.01 lots.

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

Rollover, also known as Swap or Overnight Fee, is an interest 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 fee across all the tradable securities and asset classes. Throughout most of the available securities, apart from Forex, Gold, and Cryptos, the rollover fee constitutes an internal interest fee plus or minus the rollover fee.

Deposits & Withdrawals Methods

The broker allows traders to deposit and withdraw funds with various methods. The minimum deposit amount is only $50, which is very low compared to competitors in the industry, and there is no limit for minimum withdrawal amounts.

Withdrawal methods are the same as the deposit methods except 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 the desktop or used online through the MT4 web-trader platform. As well, MT4 mobile applications are available for both Apple and Android smart devices.

The platforms come equipped with all the necessary tools and features a professional trader needs to trade successfully. For instance, the MT4 trading platform supports multiple market orders, utilizes an impressive charting package, and various technical indicators. Automated trading is also available through expert advisors.

HFM has added the new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less 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 module of the MT4 platform allows you to manage and monitor all your trading activities, pending orders, trading account history, cash operations, overall balance, equity, and your margin. Read on to learn more about how you can make the most of it.

MT4 & 5 WebTrader

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

Mobile App & MacOS

HFM supports trading on iPhone, iPad as well as Android MT4 platforms. 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 several trading operations like monitoring, access to trading history, real-time charts, 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 macroeconomic events; hence they are an excellent option to diversify your portfolio. HFM offers 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 a section of a market, instead of individual stocks. Depending on the market movement, there will be potential for profits.

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

Share contracts can be traded on HFM. They are different from 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 Natural Gas. 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 popular commodity markets. You can trade Palladium contracts on Spot markets and a variety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and Soybean Oil contracts on Futures markets on HFM.

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

HFM Trading Conditions

HFM provides traders with favourable trading conditions that are considerably better than many other online trading brokerages. For instance, traders achieve excellent execution speeds through their premium MT4 and WebTrader platforms.

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

HFM Notifications and Alerts

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

Stay alert to market changes and subscribe today! The SMS Service is complimentary to clients who meet the specific deposit and balance requirements.

• Flash Updates: Every trader knows how vital the daily Economic 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-frequency SMS Service provides alerts on market highs/lows, significant price movements, Moving Average cross-over events, overbought/sold events and breaches of support and resistance levels.

HFM Trading tools and analysis

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

• HPCopy allows you to copy the trading positions of another trade.

HFM Education and Training

The research and education section is very well organized and offers a combination of written analysis, videos, webcasts, and podcasts. The research covers technical as well we fundamental analysis, comes daily, and features weekly insights as well as monthly, quarterly, and annual outlooks. It is 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 HFM eCourse 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 form on the official website.

HFM Social Responsibility

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

HFM Sponsorships

HFM sponsors and supports professional athletes who share their commitment to excellence.

HFM Partnerships

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

There are no limits on commissions or on how to manage your business. HF Affiliates is one of the leading Partner Programs in the industry featuring competitive commissions, marketing tools, and exceptional support.

HMF Review Conclusion

HFM is an online trading brand with high prestige in the finance world, with certifications and awards to substantiate their reliability. They are a well-regulated STP broker with awards for its client protection and product offerings. With accounts that suit both beginners and professionals, ample training material, frequent market analysis, and a broad selection of trading tools, HFM is an excellent choice for new and experienced traders.