HFM Review

HFM has been around since 2010 when it was started in Mauritius. They are a leader when it comes to providing forex services online, as well as being a worldwide CFD broker. They place an emphasis on their customer.

HFM and HF Markets are unified brand names of the HF Markets Group. While the group holds licences for different entities from different regulators includingfrom the FCA UK, CySEC Europe, FSCA South Africa, DIFC Dubai, and the SFSA Seychelles, the broker also offers some users the ability to open trading accounts with HF Markets (SV), depending on their location, which is a registered International Business Company in St. Vincent and the Grenadines and as such is not regulated.

This Broker is a multi-asset broker that offers Forex and Commodities through CFDs trading services through the choice of 7 account types and trading platforms with tight spreads averaged EUR USD 0.1. The broker brings access to unrestricted liquidity allowing any size or profile trader to make a choice between various spreads and liquidity providers via automated trading platforms and performance of any strategy.

Awards

They have won numerous awards since they started their business operations, including being part of the Top 100 Companies list that was compiled by the World Finance Magazine in 2017, Best Clients Funds Security Global, Best Client Services - Global 2020, Best Client Funds Security Global, Best Forex Broker Asia 2019, Best Forex Mobile Application, ect

If you want to open an account with HFM, it provides you with an unparalleled variety of account options allowing you to select and enjoy a tailored trading experience with an offer of 6 different accounts with specific requirements.

From the very beginning, you may sign in for Demo Account and then transfer it to a Live one just by depositing money.

with Bitcoin, Ethereum, Litecoin, Ripple and more.

Below is a list of just some of the available markets for trading:
 

* Details regarding the available assets are taken from the HFM website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and the account type opened.

Like a lot of forex brokers, HFM utilises MetaTrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it.

There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader.

There are many different version of MetaTrader 4 available with HFM, including their desktop, multi-terminal, web browser, iPhone, iPad, Android and general smartphone versions of the trading software.

Web Trading Platform

Trading costs with HFM vary depending on the market being traded, the account type opened and the regulator used. Generally, every account except the Zero Spread account comes with commission-free trading on Forex pairs with spreads starting from 1 pip. The Zero Spread account offers spreads from 0 pips on Forex but with commissions payable per trade, as shown below:


HFM does not offer fixed spread. HFM does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are.

Spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account obviously offers 0 fee which averages spread from 0.2 pips most often. However, the difference between trading costs also defined by the margin requirements, which increase almost double in case you wish to trade with 0 spread. So make sure to verify account conditions in detail before you sign in.

Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker FP Markets.
 

Comparison between HFM fees and similar brokers

Spreads and swap information as shown below for HFM accounts opened from the St. Vincent and the Grenadines entity, HF Markets (SV) Ltd:

HFM Forex Trading

HFM Indices Trading

HFM Metals Trading

HFM Crypto Trading

HFM Share Trading

Overnight Fee
 

As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps.

There are many different deposit and withdrawal options available for users of the HFM platform. MasterCard and Visa cards are of course catered for in addition to the likes of Skrill, American Express, Neteller, mybitwallet, WebMoney and bank transfers.

Deposits

Typically you can top-up account from 5$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well.

Deposits can take between 10 minutes and 2 business days depending on the method and does not apply deposit fees:

Withdrawals

How do I withdraw money from HFM?
 

In order to proceed with the Withdrawal, you should access your myHF area and submit a Fund Withdrawal request.

1. Access your myHF page and account area

2. Select ‘Fund Withdrawal’

3. Chose the appropriate withdraw method and amount

4. Confirm necessary data and processing time/ fees

5. Submit

6. Follow up and check on the process or confirmations through your page

How long does it take to withdraw money from HFM?
 

Various payment methods will process withdraw money I slightly different time. HFM accounting team confirms transactions quite quickly, within business days of course, yet the matter might take longer due to payment providers.

Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.

You can get in touch with a member of the HFM customer support team 24 hours a day. You have the option of sending an email, talking to a representative via live chat or ringing them over the phone. There are different numbers you need to ring depending on the specific region you are located in.

The broker provides support in 27 languages that is an impressive number which covers world trading need and allowing traders from almost any country to join trading and get quality support.

There are more than a dozen languages catered for through the customer support team and the support is available five days per week. They also have a comprehensive FAQ section in which you will very likely find answers to your questions.

HFM have an extensive education section as part of their platform to help their traders as much as possible. They have everything from regular Market News, Analysis and Market Outlook reports. Via the designated HFM Analysis traders can access analysis and research in an article, video, podcast, webinar format and step by step courses.

All of these resources are available to anyone and they are ideal for those trading out their trading journey and more experienced traders alike.

HFM has a VPS hosting service if you need it and they have a whole host of trading tools, calculators and market analysis all in one place that will fit all of your needs.

It really is a one stop shop for all of your trading needs, as they look after the needs of their users from start to finish.

They are well respected in the industry and this is reflected by the numerous awards they win each and every year. They are involved with numerous charities, including the likes of Unicef and Red Cross, as well as sponsoring numerous events over the years, such as the 2017 Carrera Cup.

HFM is a one stop shop for all of your trading needs, whether you are new to trading or have many years of experience

They have a great education centre which will allow you to educate yourself on all manners of training, as well as keeping up to date with the latest market analysis.

Their customer support team is always available to help and they have tried and trusted banking options which keep your funds safe and sound. They’re regulated by numerous respected bodies across the world and have competitive pricing across the board through their various account types.

The services and products are tailored to specific requirements while bringing a comprehensive range of clients’ accounts, platforms, tools, and instruments with an ability to choose a suitable strategy. So either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all.

Overall, HFM is one of the best brokers on the scene today and are definitely a great option if you are looking for a new broker.

Nevertheless, it is always good to know your personal opinion about HFM so you may share your thoughts in the comment area below.