HFM Account Type
HFM (formerly HotForex) offers a variety of trading accounts tailored to meet the diverse needs of traders. The available account types include:
- Cent Account
- Minimum Deposit: $0
- Maximum Leverage: 1:2000
- Spreads: From 1.2 pips
- Commission: None
- Contract Size: 1 lot = 1,000 units
- Trading Instruments: Forex, Gold, and more
- Features: Ideal for beginners, allowing trading with lower risks.
- Zero Account
- Minimum Deposit: $0
- Maximum Leverage: 1:2000
- Spreads: From 0.0 pips
- Commission: $3 for major forex pairs, $4 for others
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Features: Suitable for active traders and scalpers.
- Pro Account
- Minimum Deposit: $100
- Maximum Leverage: 1:2000
- Spreads: From 0.6 pips
- Commission: None
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Features: Designed for experienced traders seeking competitive trading conditions.
- Premium Account
- Minimum Deposit: $0
- Maximum Leverage: 1:2000
- Spreads: From 1.2 pips
- Commission: None
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Features: Offers flexible position sizing with no commission charges.
- Top-Up Bonus Account
- Minimum Deposit: $0
- Maximum Leverage: 1:1000
- Spreads: From 1.4 pips
- Commission: None
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Features: Designed to provide bonuses on deposits to enhance trading power.
- HF Copy Account
- Minimum Deposit: $100 for followers, $300 for strategy providers
- Maximum Leverage: 1:400
- Spreads: From 1 pip
- Commission: None
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: Forex, Spot Indices, Gold, Spot Energies
- Features: Allows traders to copy the trades of successful strategy providers.
- Islamic Account
- Availability: Yes, for all account types
- Features: Swap-free trading that complies with Sharia law.
HFM Broker Account Opening Process
To open an account with HFM, follow these steps:
Choose the Right Account Type: Review the different account types (Cent, Zero, Pro, Premium, Top-Up Bonus, HF Copy, Islamic) and select the one that best suits your trading style and needs.
Register Online:
- Visit the HFM official website.
- Click on the "Register" button.
- Fill out the registration form with personal details such as name, email, phone number, and date of birth.
- Verify Your Identity:
- Upload required documents, including a government-issued ID and proof of residence (utility bill or bank statement).
- Fund Your Account:
- Once verified, deposit funds using various methods like bank transfers, credit cards, or online payment systems. Some accounts have a minimum deposit of $0.
- Access the Trading Platform:
- Choose between MetaTrader 4, MetaTrader 5, or the proprietary HFM platform.
- Download and install the platform or access it via the web.
- Start Trading:
- Familiarize yourself with the platform and trading tools.
- Select instruments and place trades.
- Utilize Additional Features:
- Engage with educational resources, trading tools, and participate in promotions.
HFM accounts can be viewed for products that can be traded Forex, Metals, Energies, Stocks, Indices, Bonds, Commodities, ETFs, *Cryptocurrencies accounts with a minimum deposit of $0 by (2+) (8+) Skrill Neteller.