Overall, HF Markets formerly knows as HotForex, is a renowned forex trading platform known for its low-risk environment, competitive spreads, secure transactions, and swift trade execution. With over 2.5 million registered users worldwide, it’s a trusted choice for traders, whether experienced or new, seeking reliability and popularity in the forex market.
In this in-depth review you’ll find the following information:
- A complete HF Markets broker review
- Does HFM have a minimum deposit amount?
- An overview of HFM Markets Account types
- Details on HF Markets Demo account
- Summary of HF Markets Bonus structure
- Details on HFM minimum deposit
- Steps to register a HF Market account.
- How will I receive my HF Markets Login details?
- What is HotForex new trading name?
- Can beginners use HFM Broker, or is it for experienced traders only?
- HF Markets (Hot Forex) vs Exness vs FBS
And lots more…
Let’s dive right in…
HF Markets at a Glance
Broker | HotForex (HFM) |
📜 Regulated | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
🕖 Time to open an account | 1 day |
🎁 Sign Up Bonus | 100% Supercharge Bonus 20% Top Up Bonus |
🥇Publicly Traded (Listed Company) | No |
🔥Trust Score | 96% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | Yes |
📱 MetaTrader 5 (MT5) | Yes |
📊Trading Islamic Account | Yes, available |
💳 Demo Trading Account | Yes |
💱 Number of base currencies supported | 2 |
💰Spreads | 0,0 pips |
💰Leverage | 1: 2000 |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
💰 Minimum deposit | Premium, Zero & Cent account: $0 USD On Pro account: $100 USD |
💰 Inactivity fee charged | Yes |
👛 Depositing with electronic wallet | Yes |
📅 Year of Foundation | 2010 |
🔢 Number of clients | 2,5 Million |
📙 Website Languages | English, Japanese, Vietnamese, Chinese, Arabic, Hindi |
💵 Account currencies | USD, ZAR |
🗺️ Hedging | Yes |
🥇 Trading Instruments | Forex, metals, energies, stocks, indices |
📙 Education | Educational Vidoes |
💰 Fees and Commissions | Trading Cost does apply |
📈 Trading Platforms | HFM Platform, MT4, MT5 |
📈 Mobile trading | MetaTrader Mobile |
📍South African Office Address | Katherine & West Suite 18 Second floor, 114 West St, Sandton, 2031 |
🎓Affiliate Program | Yes |
🚀 Open a account | 👉Click Here |
HF Markets Review – 22 Keypoint overview:
- ✅HF Markets at a Glance
- ✅HF Markets Overview
- ✅Is HF Markets Regulated?
- ✅HF Markets Minimum Deposit
- ✅Types of HF Markets Accounts
- HFM Sign-Up Bonus
- HFM Demo Account
- HFM Islamic Account
- How to Open an HF Markets Account – Step-by-Step Guide
- HF Markets Pros and Cons
- HF Markets vs Exness vs FBS – A Comparison Review
- HF Markets Customer Reviews
- HF Markets Deposit and Withdrawal
- Steps to Withdraw Funds from HF Markets Account
- HF Markets Fees, Spreads, and Commission
- HF Markets Affiliate Options
- HF Markets Product Portfolio
- HF Markets Trading Platforms
- HFM Trading Tools
- HF Markets Security of Funds
- Conclusion
- Frequently Asked Questions
HF Markets Overview
𝗕𝗿𝗼𝗸𝗲𝗿 | 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 | 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀 |
---|---|---|---|
HotForex (HFM) | 👉Click Here | $0 USD | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
HF Markets is consistently ranked as one of the Top 10 world’s leading brokers in the foreign exchange and commodities market. Founded in 2010, the brokerage house has proven itself as a customer-centric company providing trading services and facilities to both retail and institutional clients.
Clients of HFM have access to high liquidity and variable tight spreads and commission. The company offers up to six account types for customized trading as well as state-of-the-art trading software and tools for individuals and institutions to trade forex and derivatives online.
HF Markets is a MetaTrader broker and provides a limited selection of tradeable products. An optional tool package called Premium Trader Tools is available to augment the default experience. The brokerage house supports the Market Maker execution across a variety of six ferent account types.
Operate in the forex and CFDs trading market. Clients have access to 140 asset choices in 20 markets, including fiat currency pairs, cryptocurrencies, CFDs for stocks, metals, energy, commodities, and indices.
Trading is powered primarily by MetaTrader 4 and MetaTrader 5. The brokerage house supports the Money Maker trading execution, offering competitive spreads and leverage, special account features customized trading platforms for all operating systems, and accommodative fees for scalpers and EA enthusiasts.
10 Best Forex Brokers for 2024
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Official Site
Is HF Markets Regulated?
Established in 2010, HF Markets(HotForex) is a reputable online forex and commodities broker with strict regulatory control. Transparency, financial stability, and client protection are all ensured by operating under the strict supervision of organizations like Cyprus’ CySEC and South Africa’s FSCA. As a result, traders are more inclined to believe that HFM is a trustworthy and honest trading platform.
🧾 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿 | 🔎 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻 | 📈 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗡𝘂𝗺𝗯𝗲𝗿 |
---|---|---|
🥇 Financial Services Authority | 📌 FSA | 8419176-1 |
🥉 Financial Services Commission | 📋 FSC | C110008214 |
🥇Financial Conduct Authority | 📂 FCA | 801701 |
🥈Cyprus Securities and Exchange Commission | 📍 CySEC | 183/12 |
🥉Capital Markets Authority | 📌CMA | 155 |
🥈Financial Sector Conduct Authority | 📝 FSCA | 46632 |
🥉Dubai Financial Services Authority | 📍 DFSA | F004885 |
HF Markets Minimum Deposit
HF Markets offers competitive minimum deposit amounts, making it accessible for a wide range of traders.
💰 Account | 🚀 Open an Account | 💰 Min Deposit |
---|---|---|
📌Premium | 👉Click Here | $0 USD |
📌Zero | 👉Click Here | $0 USD |
📌Cent | 👉Click Here | $0 USD |
📌Pro | 👉Click Here | $100 USD |
Types of HF Markets Accounts
HFM provides a variety of account types, including Premium, Zero, Cent, and Pro, to accommodate diverse trading styles and preferences.
Premium and Zero Accounts
🥈𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 | 📌 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 | 📌 𝗭𝗲𝗿𝗼 |
---|---|---|
Minimum deposit | $0 USD | $0 USD |
Maximum leverage | 1:2000 | 1:2000 |
Spread | From 0.5 pip | From 0 on Forex and Gold |
Margin call | 50% | 50% |
Commission | 0% | 0% |
Instruments | All Available | All Available |
Minimum lot size | 0.01 Lot | 0.01 LOT (1,000 units of base currency) |
Swap-free | Available | Available |
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here | 👉Click Here |
Cent and Pro Accounts
🥈𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 | 📌 𝗖𝗲𝗻𝘁 | 📌 𝗣𝗿𝗼 |
---|---|---|
Minimum deposit | $0 USD | $100 USD |
Maximum leverage | 1:2000 | 1:2000 |
Spread | From 1.2 pip | From 0.5 pip |
Margin call | 50% | 50% |
Commission | 0% | 0% |
Instruments | Forex, Gold | All Available |
Minimum lot size | 0.01 Lot | 0.01 Lot |
Swap-free | Available | Available |
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here | 👉Click Here |
HFM Sign-Up Bonus
𝗔𝘀𝗽𝗲𝗰𝘁 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
---|---|
💰Broker | HotForex (HFM) |
🎉 Sign Up Bonus | Yes |
🤝 Affiliate Option | Yes |
🚀 Open an Account | 👉Click Here |
100% Supercharged Bonus
- Applies to minimum deposit
- Bonus up to $50,000
- Daily cash rebates of $2 per lot
20% Top Up Bonus
- Applies to every transfer to the account
- Bonus up to R90 000 ZAR
- Available to all clients
HFM Demo Account
Before engaging in real trading, eager traders can practice and perfect their trading techniques in a risk-free setting with a demo account option from HFM
𝗔𝘀𝗽𝗲𝗰𝘁 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
---|---|
🥇Broker | HF Markets |
🆓 Demo Account | Yes |
💰 Virtually Funded | Not indicated |
💻 Terminal Access | Full |
🚀 Open an Account | 👉Click Here |
HFM Islamic Account
HF Markets offers Islamic account options, (Swap-free on all account types) ensuring compliance with Shariah principles for traders who prefer interest-free trading.
𝗔𝘀𝗽𝗲𝗰𝘁 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
---|---|
🥇Broker | HF Markets |
☪️ Islamic Account | Yes |
💻 Accounts Offered | All accounts |
🚀 Open an Account | 👉Click Here |
How to Open an HF Markets Account – Step-by-Step Guide
You may quickly start trading by setting up your trading account in just a few easy steps, which takes only a few minutes.
1. Step 1: Start Registration Process
When you have decide to go with HFM as your trading broker, make your way to the website home page and select any one of these to “Register” buttons to start the process
2. Step 2: Complete Information
Complete all the information that is requested and select the register button.
3. Step 3: Verify your account
An email will be sent to the relevant email account. Open the email and select verify to have your account successfully activated.
4. Step 4: Complete your profile
Complete all the personal details for your account and click on the “Continue” option
5. Step 5: Start trading.
As soon as all your personal information has been completed and account has been verified and you have been vetted your trading account will be activated and you can login and start trading. You will make use of the email address and passwords you used in step 2
HF Markets Pros and Cons
✅ Pros | ❎ Cons |
---|---|
HF Markets is regulated by multiple authorities, including CySEC, FCA, FSCA, and others. | Primarily focuses on forex and commodities |
Favorable trading conditions. | Does not accept clients from the United States due to regulatory restrictions. |
Low spreads - from 0 pips | May charge withdrawal fees depending on the withdrawal method chosen |
HF Markets offers a variety of account types | Research and educational resources may not be as comprehensive as required |
No commissions for account replenishment and bank transfers | inactivity fees for dormant accounts |
Traders can choose from various platforms, including MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
Offers multilingual customer support and a responsive live chat feature | |
Offers negative balance protection, | |
The updated HFM app now supports trading of 1,200 markets | |
Segregates client funds |
HF Markets vs Exness vs FBS – A Comparison Review
𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒔 | ☑️𝑯𝑭 𝑴𝒂𝒓𝒌𝒆𝒕𝒔 | ☑️𝑬𝒙𝒏𝒆𝒔𝒔 | ☑️𝑭𝑩𝑺 |
---|---|---|---|
Regulation | Regulated by CySEC, FCA, FSCA, and others, providing a high level of regulatory oversight. | Regulated by CySEC and FCA, ensuring a secure trading environment. | Regulated by IFSC, offering some regulatory protection. |
Account Types | Premuim, Cent, Zero & Pro | Cent, Mini, Standard, ECN, Pro, Zero | Cent, Micro, Standard, Zero Spread, ECN, S.T.A.R. |
Trading Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies | Forex, Metals, Energies, Indices, Cryptocurrencies | Forex, Metals, Energies, Indices, Cryptocurrencies, Stocks |
Minimum Deposit | Premium, Zero & Cent $0 USD Pro $100 USD | Standard & Standard Cent: Depends on the payment system Professional accounts: $500 USD | $1 Cent Account, $5 Micro Account, $100 Standard Account |
Leverage | Up to 1:2000 | Up to 1:2000 | Up to 1:3000 |
Spreads | Variable spreads, starting from 0 pip | Variable spreads, starting from 0.3 pips | Variable spreads, starting from 0.5 pips |
Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader, HF Markets App | MetaTrader 4, MetaTrader 5, WebTrader, Exness app | MetaTrader 4, MetaTrader 5, FBS Trader, WebTrader, Mobile Platforms |
🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕 | 👉Click Here | 👉Click Here | 👉Click Here |
HF Markets Customer Reviews
And I like how easy it is to open a…
And I like how easy it is to open a trading account with this company. From the beginning of the account registration process to thr start of trading took very little time.
Verification process was also simple. I took photos of my documents and sent them for verification.
There were no problems with the documents. so I was able to start trading almost immediately. I think that all this is because system that this broker has built allows all services to work well.
Great Trading Experience
I have been trading with this broker for a few months. They offer various trading instruments, low spreads, high leverage, and fast execution.
ZERO
I did the maths, and the Zero Account type is the most cost-effective trading account you can get anywhere!
The spreads are super-tight, and most of the major forex pairs come with 0 pips spread. And not only forex pairs, but it’s also pretty often to encounter 0 pips spread on Gold as well.
I know It sounds unbelievable, but it’s true. Check it out for yourself!
HF Markets Deposit and Withdrawal
➡️️HF Markets allows its clients to make electronic deposits and withdrawals from their trading account using electronic payment systems such as EFTs, wire transfers, credit cards, PayPal, WebMoney, MoneyBookers and Neteller.
➡️️ HFM clients can withdraw funds from their trading accounts on a withdrawal request using an electronic purse or wallet. Instant withdrawals are automated which means HF Markets clients have complete authority over their trade accounts.
➡️️ The only requirement of fund withdrawals is the money has to come from the same electronic purse that the funds were originally deposited into and/or replenished.
HF Markets Payment Methods:
𝗛𝗙 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 | 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗠𝗲𝘁𝗵𝗼𝗱𝘀 |
---|---|
Credit and debit cards | FasaPay |
Visa | Sofort |
MasterCard | iDeal |
Maestro | MoneyBookers |
Webmoney | Neteller |
PayPal | Skrill |
Wire | Mobi wallet |
Client support:
- 24-hours a day/5-days a week
- Multi-lingual support desk
- Website content available in 27 languages
Steps to Withdraw Funds from HF Markets Account
𝗦𝘁𝗲𝗽𝘀 | 𝗛𝗙 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹 |
---|---|
𝗦𝘁𝗲𝗽 𝟭: | Login to your HF Markets Profile by selecting the Login button |
𝗦𝘁𝗲𝗽 𝟮: | Navigate to Deposits & Withdrawals under the Trading tab and select the Withdrawal option. |
𝗦𝘁𝗲𝗽 𝟯: | Select your preferred withdrawal method from HF Markets' available options. |
𝗦𝘁𝗲𝗽 𝟰: | Put in the amount you would like to withdraw |
𝗦𝘁𝗲𝗽 𝟱: | Select Confirm |
HF Markets Fees, Spreads, and Commission
𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 𝗦𝗽𝗿𝗲𝗮𝗱𝘀 | 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 |
---|---|---|
Cent account | From 1.2 pip | Zero commissions |
Zero Account | Zero spreads | Zero commissions |
Premium Account | From 1.2 pip | Zero commissions |
Pro Account | From 0.5 pip | Zero commissions |
Trading Conditions
- Tight spreads from as low as 0.1 on selected accounts
- Flexible leverage up to 1:2000
- EAs, scalping, and hedging permitted
- myHF portal enables online account management
- Trade CFDs on forex, indices, and commodities
- Execution desk and investigation
- Transparent rollover policy
- Zero commission
- Withdrawal and closing fees apply to certain trading accounts
HF Markets Affiliate Options
The affiliate programs offered by HF Markets, better known as HotForex, are diversified and made to meet the demands of different partners. HotForex’s Affiliate, Introducing Broker (IB), and White Label programs can be used by bloggers, website owners, and online marketers to generate earnings and rewards.
The Affiliate program provides aggressive CPA and revenue-sharing models, enabling partners to make money from the trading activities of referred clients.
By recommending customers, the IB program helps partners to grow their own forex business, and the White Label program enables them to launch their own branded forex brokerage with HotForex’s assistance.
In order to help affiliates flourish in the forex market and generate sizable rewards, HotForex makes sure they have access to thorough marketing materials, tracking tools, and committed support.
HF Markets Product Portfolio
🔎𝗜𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁 | 📌𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 |
---|---|
☑️ CFD Forex | CADCHF / CADJPY / CHFJPY / EURCAD / EURCHF / EURGBP / EURJPY / EURUSD / GBPCAD / GBPCHF / GBPJPY / GBPUSD / USDCAD / USDCHF / USDJPY |
☑️CFD Metals | Palladium / Platinum / XAGEUR / XAGUSD / XAUEUR / XAUUSD |
☑️ CFD Stock | ABGJ.J / ACTIVISION /Adidas.K / ADOBE / AGLJ.J / Airbus.K / AIRFKLM.K / ALCOA / ALIBABA / Allianz.K / AMAZON / AMD / AMEX / ANGJ.J / ANGLO / APPLE / BARC / Bayer.K / BBVA.K / BLACKROCK / BMW.K / BNP.K / BOA / BOEING / BOOKING / BPLON / BTIJ.J / Canopy / CHEVRON / CISCO / CITI / Coinbase / COKE / Continent.K / Danone.K / Dbank.K / DEVON / DISNEY / EBAY / EXXON / FORD / FSRJ.J / GE / GOOGLE / GRTJ.J / GS / Hermes.K / HLT / HSBCL / Iberdrola.K |
☑️ CFD Indices | AUS200 / FRA40 / GER40 / JPN225 / NETH25 / SPA35 / SUI20 / UK100 / USA100 / USA30 / USA30 / USA500.S / USA500.S |
☑️CFD Bonds | EUBUND.F / UKGILT.F / US10YR.F |
☑️CFD Commodities | Cocoa / Coffee / Copper / Cotton / Sugar |
☑️ CFD Energies | UKOIL.S / USOIL.S |
☑️ CFD Efts | BETZ / EPP / ESPO / EWW / FXY / GLD / HERO / ITA / IWB / IXJ / IXN / IXP / JETS / LQD / NERD / PJP / QQQ / REM / RWO / SPY / USO / VXUS / XLB / XLE / XLF / XLK |
☑️ CFD Cryptocurrencies | ADAUSD / APEUSD / ATMUSD / AVAUSD / BARUSD / BCHUSD / BNBUSD / NERUSD |
10 Best Forex Brokers for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
HF Markets Trading Platforms
📌 𝗙𝗲𝗮𝘁𝘂𝗿𝗲 | 💻 𝗛𝗙𝗠 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 | 💻 𝗠𝗧𝟱 | 💻 𝗠𝗧𝟰 |
---|---|---|---|
Category | Financial Management Software | Forex Trading Platform | Forex Trading Platform |
Developer | Oracle Corporation | MetaQuotes Software Corp. | MetaQuotes Software Corp. |
Release Year | 1995 | 2010 | 2005 |
User Interface | Complex and geared towards finance professionals | User-friendly and intuitive | User-friendly and intuitive |
Asset Classes Supported | Financial assets, accounting, and consolidation for businesses | Forex, CFDs, Stocks, Commodities | Forex, CFDs, Stocks, Commodities |
Algorithmic Trading | No | Yes (MQL5) | Yes (MQL4) |
Backtesting | Limited | Comprehensive | Comprehensive |
Timeframes | N/A | Multiple timeframes (M1, M5, H1, etc.) | Multiple timeframes (M1, M5, H1, etc.) |
Customization | Highly customizable | Customizable | Customizable |
Mobile App | No | Yes | Yes |
Multi-Language Support | Yes | Yes | Yes |
Regulation and Security | N/A | Regulated and secure | Regulated and secure |
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here | 👉Click Here | 👉Click Here |
HFM Trading Tools
HF Markets have made 11 trading tools available to all traders namely:
- Premium Trader Tools
- Autochartist Tool
- Exclusive Analysis
- Trader’s Board
- VPS Hosting
- One Click Trading
- The HFM App
- Economic Calendar
- SMS Service
- One Click Trading
- MYHF Area
- Calculators
HF Markets Security of Funds
HF Markets makes use of the following methods to adequately secure traders funds.
➡️️Negative balance protection
HF Markets can accommodate high volatility in the forex and commodities market through the implementation of a policy of negative balance protection. This means no client is responsible for paying back a negative balance when margin calls and Stop Outs do not function correctly in highly-volatile trading conditions.
➡️️Accounts with Mayor Banks
By only make use of Global banks, HFM has secured there international footing. The company is able to supply liquidity through significant banks thanks to the power and reputation of the HFM brand internationally.
➡️️Segregation of Funds
Client money are deposited into different bank accounts from those used by the business. In the unlikely event that the Company defaults, these monies cannot be used to reimburse creditors because they are not shown on the balance sheet.
➡️️Risk Management
The Company continually identifies, assesses, and monitors each type of risk associated with its operations.
Conclusion
In conclusion, HF Markets, also known as HotForex, is a well-established forex and commodities broker that offers a range of account types, competitive spreads, and various trading platforms to cater to the diverse needs of traders. With its strong regulatory compliance, commitment to negative balance protection, and multilingual customer support, HFM provides a secure and accessible trading environment for both beginners and experienced traders.
Disclaimer
Forex is a complex financial instrument and trading forex involves a high risk of losing money rapidly due to leverage. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.
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Frequently Asked Questions
Does HFM have a minimum deposit amount?
HFM has 4 accounts namely, Premium, Zero and Cent that have $0 USD minimum deposit fee and Pro that has $100 USD minimum deposit fee.
How will I receive my HF Markets Login details?
After successfully registering a trading account, traders will promptly receive an email requesting them to verify their email address. Once the verification is complete, traders can use this verified email address in conjunction with the login password they set during the account registration process to access their HF Markets trading account.
Can beginners use HFM Broker, or is it for experienced traders only?
HFM cater to beginner traders as well as seasoned traders.
What is HotForex new trading name?
HotForex has changed there trading name to HF Markets or the more common writing is HFM