hfm forex broker review

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. 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.

HFM Review – Analysis of Brokers’ Main Features

hfm forex broker review

By analyzing these factors, Advanced Insights attempts to predict future market movements and highlight potential trading opportunities. The bronze package charges traders $25 per month, the silver charges $50, and the gold package charges $80. However, HFM VPS can also be obtained for free depending on a trader’s deposit and trading activity.

Forex Risk Disclaimer

hfm forex broker review

They providelucrative programs without standing support and advanced technology. Eachpartner is linked with a Personal Account Manager to make sure their plans aresuccessful. Overall, HFM is a trustworthy broker providing CFDs and low spreads on 100+ trading instruments.

  1. The HFM App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App.
  2. The beauty of these platforms is the one-click execution of trades,which allows you to place trades easily on the go.
  3. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
  4. It does appear you get good value provided you use the right currency pair.

Customer Reviews

Not every account or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. With HFM, there are a similar amount of options to get your funds out of your HFM account as there are to deposit. The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions.

Please reach out to us via email or live chat to discuss your concerns further. We’re happy to hear that you’re satisfied with our customer service. Your satisfaction is our top priority, and your feedback is greatly appreciated.

Retail Trader Accounts

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of FI, you can open an account with this broker. However, to fully grasp the quality of this broker, we must compare it with some of the top brokers in South Africa. HFM supports scalping and hedging and has ultra-fast execution times. Help our agents identify you so they can offer more personalized support.

The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. 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. The Verification of the live trading account should generally be completed within minutes of uploading all documentation. Once a trader is fully confirmed, they will receive an email notification as confirmation.

The minimum withdrawal amount is usually $5, although this varies according to the withdrawal method utilized. For gold transactions, fees start at $0.07 on each side for 1 ounce and go to $7 for 100 ounces, with the round-turn https://limefx.name/ tripling these values. Its worldwide acclaim is attributed to the abundance of languages it supports and an extensive range of technological tools and add-ons that facilitate a collaborative learning environment.

hfm forex broker review

The broker provides access to multiple trusted deposit options, including Bank Transfers, Debit/Credit Cards, and Crypto. Withdrawals are available through the same channels, with minimum withdrawal requirements in place. Three are aimed at beginner to intermediate traders, with a limefx official site separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. HFM offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs.

HFM also introduced a Return on Free Margin program, paying up to 3.00% on the available margin, calculated daily, and paid monthly directly into the myHF wallet. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. Here is a screenshot of HFM quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. The bulk of business derives from HF Markets (SV) Ltd, registered as an International Business Company (IBC) in St. Vincent & the Grenadines, registration number IBC 2015.

To participate, in bonuses and promotions, you usually need to have a trading account with them. Keep an eye on their official website or communication channels for announcements about ongoing or upcoming promotions, and follow the instructions provided to take advantage of these offers. HF Markets typically does not charge withdrawal fees for most withdrawal methods.

However, a minimum deposit of 1,800 ZAR (or 100 USD) is required to open a Pro account. Yes,  trading platforms are designed to be accessible across multiple devices, including desktop computers, web browsers, and mobile devices. This allows traders to access their accounts and trade the markets seamlessly from anywhere with an internet connection. HFM Android and iOS are the best choice if Nigerian traders are looking for a mobile trading platform that is both convenient and secure.

Micro accounts can be opened for as little as a $5 deposit, whilst premium accounts require a slightly higher minimum deposit of $100. Our testing found that HFM’s mobile trading apps are well-suited for traders who need access on the go, with a high level of functionality and ease of use recommended for mobile traders. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. I like to note the awards for best trading conditions and client security, as they belong to the HFM core offering to traders, where HFM excels.