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Rating Index

Pros

Solid regulation in multiple jurisdictions, including FCA and CySEC, ensuring client fund protection.

Competitive trading conditions with low spreads and a variety of account types catering to different trading styles.

Access to popular trading platforms like MetaTrader 4 and 5, as well as a unique copy trading feature.

Cons

Limited asset selection compared to some competitors, primarily focusing on forex and CFDs.

No bonuses available for clients located in the EU, which may deter some traders.

Customer support availability may be inconsistent, with no 24/7 assistance in all regions.

HFIM broker Accounts

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.