Our HFM HF Markets review will make sure you get an in-depth understanding of every part of this Forex provider. We’ll go through everything you need to know about this organization.
HFM HF Markets broker is a well-regulated and trusted asset investing platform. The firm was established in 2010 with headquarters in Cyprus but also has offices all over the world.
They have over 60 industry awards, including the best broker in 2022, the best client fund security in 2021, etc.
Their service is delivered trustworthy and you should consider trading on this platform. As for the pros and cons, there are a few well-known points to have in mind.
The offerings are user-friendly, they have a good educational system for novices in trading, and fees are notably low.
On the other hand, EU clients have a rather limited portfolio, and only Forex and CFD assets are available.
HFM HF Markets Quick Overview
|Regulation||CySEC, FSCA, DFSA, FCA, CMA, FSA|
|Platforms||WebTrader, MT4, MT5|
|Instruments||Forex, Metals, Energies, CFD, Indices, Bonds, Commodities, ETFs, Cryptocurrencies|
|EUR/USD Spread||1 pip|
|Base currencies||USD, EUR, NGN|
How Safe are HFM HF Markets? Licensing and Regulations
In terms of regulation, they hold a Tier 1 regulation, which is the highest trust score in the industry. So, this corporation is genuine and trustworthy.
They possess multiple licenses, including CySEC, FCA, FSCA, and DFSA. To put it simply, the HFM HF Markets broker is legit and safe.
Also, there are legal HFM entities that are registered in the offshore zones, like SVG, and Seychelles (FSA).
Furthermore, this organization is a member of the Cyprus Investment Compensation Fund. This means that CySEC will reimburse potential victims up to a certain amount.
The maximum amount of compensation paid to applicants, who will be deemed as eligible for compensation, is 20 000€.
HFM HF Markets Trading Accounts Offered
There are 5 available trading accounts at HFM HF Markets, along with the Islamic account for clients from the MENA region or further. The offered accounts are:
- Zero Spread
The investment plans differ mostly in minimum deposits, spreads, and leverages. You can also try a Demo account from the very beginning and then transfer it to a live account just by making a deposit.
HFM HF Markets Deposits and Withdrawals
HFM offers different transparent ways of funding your trading account.
The supported methods of funding are
- Wire Transfer
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (PayRedeem, Neteller, Skrill, WebMoney, FasaPay)
- Crypto (BitPay)
However, if you prefer wire transfers, there are certain fees from the bank’s side you will pay for deposits of $100. Everything above that is completely fee-free.
Also, bank transfers can take anywhere from 2 to 7 business days, whereas, the other ways of depositing can take up to 10 minutes.
It’s great news to find out that both deposits and withdrawals have a $0 fee, as stated in their Terms and Conditions.
You can withdraw your money in the same way you deposited it, on 24/5.
However, drawing your money out using a wire transfer or credit/debit card can take from 2 to 10 business days, depending on your correspondent bank.
HFM Minimum Deposit
The minimum deposit is $5 for a Micro account. With as little as $5 you can start trading on this online investment platform. We recommend checking out the minimum deposit amounts depending on your payment method.
HFM HF Markets Trading Platforms Available
HFM offers MetaTrader4 (MT4) and MetaTrader5 (MT5). You couldn’t expect anything less from an award-winning broker. MT4 and MT5 provide you with all sorts of useful tools to make your trading as easy as possible, whether you are a beginner or an expert in trading.
These platforms are standardized in trading because they break down the market’s complexity and make it easier for the user to stay on track.
Web Trading Platform
What is also great about MetaTrader is its compatibility with many devices. MT4 and MT5 terminals are available in various versions that suit your personal needs and allow efficient trading. HFM’s WebTrader gives a lot of handful tools to make your trading smooth and easy.
If you’re a beginner in trading, you should consider trying their educational platform to ensure you get the most out of this phenomenal WebTrader.
Mobile Trading Platform
Of course, there is a mobile trading platform as well as an HFM Mobile application available for both Android and iOS. It’s a powerful tool for trading “on the go”. MT4 and MT5 mobile trading are known to have pretty much the same capabilities as the full versions.
It provides you with over 30 technical indicators and 24 analytical objects, giving you a very pleasant investing experience.
Bonuses and Promotions at HFM HF Markets
HFM offers a 50% bonus the first time you deposit more than $50. Also, the maximum amount of bonus you can receive is $1000.
If you deposit more than $250, you can receive a 100% supercharged bonus. This allows you to earn daily cashback. The maximum amount you can get on your account is $8000.
For those trading with a Micro or Premium account (Islamic accounts also included), you can get a 100% credit bonus. For a deposit of $100 or more, you can request a promotion that can go up to $30 000.
However, you must reach certain requirements for withdrawal, which is the bonus amount divided by 2. For instance, if you received a $1000 bonus, you must reach a turnover of 500 lots to withdraw those $1000.
When you deposit more than $50, you can apply for the 30% rescue bonus. This bonus is meant to protect your account from drawdown periods and could go up to $7000.
Customer Support Available at HFM HF Markets
Customer support is a very important feature of a legit brokerage. At HFM, it’s available live 24/5 (from Monday to Friday), and in 27 different languages. That’s a spectacular number, and it allows traders from almost any country to join quality trading and get high-caliber customer support.
Moreover, users of HFM HF Markets left countless positive reviews of this firm’s customer support.
Research and Education
The education provided by HFM is definitely of the strongest aspects of this online investing platform. The broker puts great effort into the educational system so you could get the best results out of Forex trading.
Furthermore, there are various courses, live webinars, video tutorials, daily analyses, and market outlooks. So, with HFM you have everything you need to start investing your money.
Market research is one of the, if not the most important things in trading. HFM being a serious broker as it is, offers a range of research and analytical tools. This will further help you in becoming a better trader.
HFM HF Markets Summary
Overall, the HFM HF Markets broker is a great opportunity for those who want to try themselves in trading. It’s well-regulated and one of the most trusted Forex providers in the industry. A variety of trading instruments given will help you in your investing journey.
They’re client-oriented and you are well-covered with their educational platform and customer support. There are neither deposit nor withdrawal fees, which is a big plus for this establishment.
Also, don’t hesitate to open your Demo account and try this online investing platform to see if HFM HF Markets is a good broker choice for you.
FAQs About HFM HF Markets Broker
Is HF Markets a Reliable Forex Broker?
Yes, it is. HF Markets is a legitimate broker holding multiple high-tier licenses, including CySEC, FCA, FSCA, and DFSA.
With HF Markets, Are My Funds Secure?
This broker is safe because it follows ESMA and MiFID rules and keeps money in segregated Tier 1 bank accounts.
What Are The Available Account Types at HF Markets?
Five account types are available. These are Micro, Premium, Zero Spread, PAMM, HFCOPY, as well as Demo and Islamic accounts.