HFM Account Types

HFM (formerly known as HotForex) offers a variety of trading accounts tailored to meet the diverse needs of traders, from beginners to advanced. The available account types include:

• Micro Account
• Minimum Deposit: $5
• Spreads: From 1 pip
• Leverage: Up to 1:1000
• Commission: None
• Trading Instruments: Forex, commodities, indices, and more
• Execution: Market execution
• Minimum Trade Size: 0.01 lot
• Premium Account
• Minimum Deposit: $100
• Spreads: From 1 pip
• Leverage: Up to 1:500
• Commission: None
• Trading Instruments: All available instruments
• Execution: Market execution
• Minimum Trade Size: 0.01 lot
• Zero Spread Account
• Minimum Deposit: $200
• Spreads: From 0 pips
• Leverage: Up to 1:500
• Commission: $6 per lot round turn
• Trading Instruments: All available instruments
• Execution: Market execution
• Minimum Trade Size: 0.01 lot
• Islamic Account
• Minimum Deposit: Varies
• Spreads: From 1 pip
• Leverage: Up to 1:500
• Commission: None
• Trading Instruments: All available instruments
• Execution: Market execution
• Minimum Trade Size: 0.01 lot
• HF Copy Account
• Minimum Deposit: $100 for followers, $300 for providers
• Spreads: From 1 pip
• Commission: None
• Trading Instruments: Forex, indices, commodities, and more
• Execution: Market execution
• Minimum Trade Size: 0.01 lot

HFM Broker Account Opening Process

Opening an account with HFM is a straightforward process. Here are the steps:

• Visit the Official Website: Go to the HFM website and click on "Open a Live Account."

• Choose Account Type: Select the type of account you wish to open (Individual, Joint, or Company).

• Fill in Personal Information: Enter your country of residence, name, phone number, email address, and date of birth. Create a strong password (8-15 characters).

• Email Verification: After registration, verify your email by clicking the activation link sent to your inbox.

• Complete Your Profile: Provide additional details such as address, communication preferences, and select a base currency for your account.

• Answer Questions: Respond to questions regarding your trading experience and financial details.

• Upload Verification Documents: Submit proof of identity (passport, ID, or drivers license) and proof of address (utility bill, bank statement).

• Account Status: Your account will be marked as pending while documents are reviewed, which may take several hours to a few business days.

• Make Your Initial Deposit: Once verified, you can proceed to deposit funds using various methods (Visa, Mastercard, wire transfer, Skrill, Neteller).

• Start Trading: Choose your preferred trading platform (MT4, MT5) and log in to begin trading.

By following these steps, you can easily open an account with HFM and start your trading journey.