HFM broker Accounts

hfm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: hfm Account Types Overview

hfm Account Types Explained

HFM (HF Markets) offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available:

1. Cent Account

• Minimum Deposit Requirement: $0
• Spread/Commission Structure: Spreads from 1.2 pips, no commission
• Leverage Options: Up to 1:2000
• Key Features: Ideal for beginners, allows trading in cent lots (1 cent lot = 0.01 standard lot)
• Target User Profile: Beginner traders transitioning from demo accounts
• Trading Instruments Available: Forex, Gold

1. Zero Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Zero spread, commission applies
• Leverage Options: Up to 1:2000
• Key Features: Suitable for experienced traders seeking tight spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities

1. Pro Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 1.2 pips, commission applies
• Leverage Options: Up to 1:2000
• Key Features: Offers advanced trading tools and features
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices

1. Premium Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 1.0 pips, lower commission rates
• Leverage Options: Up to 1:2000
• Key Features: Enhanced trading conditions and personal account management
• Target User Profile: Serious traders looking for better trading conditions
• Trading Instruments Available: Forex, commodities, indices

1. Islamic Account

• Minimum Deposit Requirement: Varies by account type
• Spread/Commission Structure: Similar to respective standard accounts, swap-free
• Leverage Options: Up to 1:2000
• Key Features: Designed for traders who adhere to Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Similar to live accounts
• Leverage Options: Up to 1:2000
• Key Features: Practice trading without financial risk
• Target User Profile: New traders and those testing strategies
• Trading Instruments Available: Forex, commodities

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Cent Account
• Intermediate Traders: Pro Account
• Advanced Traders: Zero Account
• Serious Traders: Premium Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: hfm Account Features Comparison

Detailed hfm Account Features

When comparing the features across different hfm account types, the following aspects are crucial:

• Minimum Deposit:

• Cent Account: $0

• Zero Account: $100

• Pro Account: $100

• Premium Account: $500

• Islamic Account: Varies

• Demo Account: Virtual funds

• Maximum Leverage:

• All accounts offer leverage up to 1:2000.

• Spreads (Typical/Minimum):

• Cent Account: From 1.2 pips

• Zero Account: 0 pips

• Pro Account: From 1.2 pips

• Premium Account: From 1.0 pips

• Commission Fees:

• Cent Account: No commission

• Zero Account: Yes

• Pro Account: Yes

• Premium Account: Lower commission rates

• Lot Size:

• Cent Account: Micro (0.01 lot)

• Zero Account: Standard

• Pro Account: Standard

• Premium Account: Standard

• Available Trading Platforms:

• All accounts support MetaTrader 4, MetaTrader 5, Webtrader, and the HFM proprietary platform.

• Execution Type:

• Cent Account: Market Execution

• Zero Account: Market Execution

• Pro Account: Market Execution

• Premium Account: Market Execution

• Islamic Account Availability:

• Available for all account types upon request.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading environment with similar conditions to live accounts.

Advantages of Each Account Type

• Cent Account:

• Low risk for beginners

• Allows for micro trading

• Ideal for practicing strategies

• Zero Account:

• Tight spreads for scalping

• Suitable for high-frequency trading

• No spread costs

• Pro Account:

• Advanced trading tools

• Good for experienced traders

• Flexible trading conditions

• Premium Account:

• Personalized account management

• Enhanced trading conditions

• Lower commission rates

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Available across all account types

Disadvantages of Each Account Type

• Cent Account:

• Limited features compared to other accounts

• Not suitable for large trades

• Zero Account:

• Commission can add up for frequent traders

• Requires a higher minimum deposit

• Pro Account:

• Higher commission fees may deter some traders

• Not as beginner-friendly

• Premium Account:

• Higher minimum deposit requirement

• May not be accessible for all traders

• Islamic Account:

• Limited availability for certain trading instruments

• Requires additional verification

Part 3: hfm Account Opening Requirements

hfm Account Registration Requirements

To open an account with HFM, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: HFM may have restrictions based on local regulations.
• Prohibited Countries: Specific countries may be restricted from opening accounts; check HFM's website for the latest list.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Must be recent (usually within the last 3 months).
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

HFM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity and address of all clients before account activation.

Verification Time Frames

The verification process typically takes 1 to 3 business days, depending on the completeness of the submitted documents.

Part 4: hfm Account Opening Process

Step-by-Step hfm Account Opening Guide

1. Visit Website and Click Registration: Navigate to the HFM official website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including your name, email address, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Choose your preferred trading currency and leverage options.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for HFM to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded and verified, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (JPEG, PNG, PDF).

• Issue: Email verification not received.

• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

Typically, account approval takes between 1 to 3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

To change your account type, contact HFM customer support through your account dashboard or via email. They will guide you through the necessary steps.

Part 5: hfm Demo Account Information

hfm Demo Account Guide

The HFM demo account allows traders to practice trading strategies without financial risk.

• Demo Account Features and Benefits:

• Access to virtual funds (typically $10,000)

• Real-time market conditions

• Ability to test trading strategies

• How to Open a Demo Account:

• Visit the HFM website and select the demo account option.

• Fill in the required personal information and create a demo account.

• Demo Account Limitations:

• Limited to virtual trading only; cannot withdraw funds.

• Virtual Balance Amount:

• Usually set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically remain active for 30 days but can be extended upon request.

Part 6: hfm Islamic Account Details

hfm Islamic Account Details

HFM offers Islamic accounts that comply with Sharia law.

• Swap-Free/Islamic Account Availability: Available upon request for all account types.
• Eligibility Requirements: Must provide documentation confirming adherence to Islamic finance principles.
• Differences from Standard Accounts: No swap fees applied; otherwise similar to standard accounts.
• How to Apply for Islamic Account: Indicate the request during the account registration process or contact customer support.
• Restrictions or Special Conditions: Must comply with HFM's terms for Islamic accounts.

FAQs – hfm Account Types & Opening

1. What account types does hfm offer？

• HFM offers Cent, Zero, Pro, Premium, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Cent Account: $0, Zero Account: $100, Pro Account: $100, Premium Account: $500.

1. How long does hfm account verification take？

• Verification typically takes 1 to 3 business days.

1. Does hfm offer demo accounts？

• Yes, HFM offers demo accounts for practice trading.

1. Can I have multiple account types with hfm？

• Yes, you can open multiple account types with HFM.

1. Does hfm offer Islamic/swap-free accounts？

• Yes, HFM provides Islamic accounts that are swap-free.

1. What documents do I need to open a hfm account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.