HFM broker Accounts

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:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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:

1. 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.

2. 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.

3. Verify Your Identity:

• Upload required documents, including a government-issued ID and proof of residence (utility bill or bank statement).

4. 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.

5. 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.

6. Start Trading:

• Familiarize yourself with the platform and trading tools.
• Select instruments and place trades.

7. Utilize Additional Features:

• Engage with educational resources, trading tools, and participate in promotions.