Founded in 2010 as HotForex now HFM or HF Markets, provides trading facilities to retail and institutional clients around the world.
Founded in 2010, HFM provides trading facilities to retail and institutional clients around the world. HF is a unified brand name of HF Markets Group which operates in several countries including the UK, South Africa, and so forth. The brokerage firm provides trading in multi assets like Forex, commodities, and stocks through its various type of accounts. The company is regulated by various bodies around the world and has established itself as a reputed broker.
A well-regulated Forex broker always provides peace of mind to the traders. HF Markets is one of those brokers that are regulated by multiple agencies around the world. It’s regulated by the Financial Conduct Authority (FCA) in the UK under HF Market (UK) LTD. Elsewhere in Europe, HFM is regulated in Cyprus by Cyprus Securities and Exchange Commission (CySEC). HF Markets is also regulated in Dubai by the Dubai Financial Services Authority (DFSA). In South Africa, it is regulated by the Financial Sector Conduct Authority (FSCA). Finally, the fifth and the last regulation comes from the Republic of Seychelles by its Financial Services Authority (FSA).
The broker provides financial security by segregating client funds and guarantees negative balance protection which indeed gives peace of mind to the traders.
The broker offers a fairly long list of 6 accounts with different features to meet the requirements of traders. The first type is Micro Account, it is designed for new traders with relatively low trading volume. The second account is Premium Account it accommodates experienced traders with positing sizing up to 60 lots in a single trade. The broker also offers a Zero Spread account with a minimum account despot of just $200.
The fourth account is Auto Account which supports to subscribe to free and paid trading signals from the MT5 community. The fifth account is the PAMM Account which is further categorized into PAMM and PAMM Plus. PAMM Account offers spreads from 1.1 pips onwards while the PAMM plus account offers to trade with spreads as low as 0.3 pips. The sixth and last account type is HFcopy which is suitable for HFcopy members who can join as followers or strategy providers. All accounts accept Zero Spread and PAMM Plus are commission-free and require a low initial deposit starting from $5 onwards.
HF Markets has its proprietary trading platform and it also provides an API to large-scale financial institutions and banks for Direct Market Access. For retail clients, HF Markets offers trusted MT4 and MT5 trading platforms. MetaTrader platforms are available as an application for both Windows and IOS. A web-based version and mobile application for Android and IOS are also available.
HF Markets also provides MetaTrader’s mobile trading apps for Android and iOS as well as web trader to easily trade without having to download a software on your computer.
HF Markets offer high leverage to its clients. For Forex trading, HotForex offers leverage of up to 1:1000 on major currency pairs such as EUR/USD and GBP/USD. This means that clients can potentially trade with 1000 times the amount of their account balance, allowing them to potentially increase their profits. However, it is important to note that leverage can also increase losses, so clients should be aware of the risks involved and manage their risk accordingly.
HotForex also offers leverage on Indices trading, allowing clients to take positions on the performance of major stock indices such as the S&P 500 and the FTSE 100. Leverage on Indices can be up to 1:400, which means that clients can potentially trade with 400 times the amount of their account balance.
Commodities trading is another product offered by HotForex, and clients can trade a range of commodities such as gold, silver, and oil. Leverage on commodities can be up to 1:400, meaning that clients can potentially trade with 400 times the amount of their account balance.
Finally, HotForex offers leverage on Cryptocurrency trading, which is becoming increasingly popular among traders. Clients can trade a range of cryptocurrencies such as Bitcoin, Ethereum, and Ripple, with leverage of up to 1:100. This means that clients can potentially trade with 100 times the amount of their account balance.
HF Markets product list is relatively small compared to its competitors. It offers 45 major and minor currency pairs, 12 CFD indices from 6 different countries, and about 56 individual shares. In its commodities list, you can trade Cocoa, Cotton, Sugar, and coffee while in metals you can only trade Gold and Silver. Finally, in cryptocurrencies, they have Bitcoin, Stellar, Ripple, Ethereum, Litecoin, and Monero.
There are also 44 indices and 3847 individual stocks from 23 different markets. Finally, Admiral Markets also provides a long list of 385 ETFs and 2 bonds which are rarely offered by other brokers. From a trader’s point of view, the Admiral Markets range of products is extensive and is ideal in a way that you can trade everything with just one broker.
The spread offered by HF Markets varies on the account level. For example, the spread on EUR/USD on its Standard Accounts starts from 1 pip, and on PAMM accounts it starts from 0.8 pip. The standard spread on individual shares is between 0.04 to 0.048 per share. The spread on gold starts from 0.19 while on Crude oil the standard spread is 0.35. HF Markets also offers a Zero spread account. The Zero spread accounts are charged a $6 commission on a standard currency lot. The commission on Premium Plus account is $10 per standard lot. All other accounts are commission-free.
HF Markets commission rate is low, on their Zero spread accounts the commission on individual shares is $0.01 per share while on metals & Forex the commission is between $1.8 to $3.0 per lot. Finally, the commission on energies like crude oil is $1 per lot.
Just like any other progressive broker, HF Markets also offers multiple ways to make deposits and withdrawals. It supports deposits and withdrawals through wire transfer, credit or debit cards, and e-wallets. The wire transfers are free but can take up to 5 business days. The minimum deposit and withdrawal amount using wire transfers is $100. HF Markets does not cover the wire cost if the transaction is below $100. The transactions from debit or credit cards are instantly processed and applied to your account. There is no additional fee as well, however, your bank may charge a processing fee. HFM also supports e-wallet payments from Paypal, Neteller, and so forth. Finally, HFM also accepts digital currencies for deposit and withdrawals.
HF Markets is a reliable broker that is around for nearly a decade. It is well regulated and considered a low-risk broker. It has a global presence and adopts a simple approach of providing quality services to its clients through various types of accounts. Their account types give you the option to trade with zero spread or even copy the signals from the reliable MT5 community. The commission structure is suitable for the majority of traders, however, the spread on their standard account is slightly higher and the product range is also limited. Having said that, HFM offers 45 currency pairs, so if your focus is more on currencies HFM is an ideal choice.