Rating Index
Pros
Offers a self-developed trading platform that may provide unique features.
Provides VPS services, which can enhance trading performance for users.
The website has a good trust score based on automated analyses, suggesting a level of legitimacy.
Cons
The broker has been flagged as a suspicious clone, raising concerns about its legitimacy.
Limited user reviews and feedback available, which can indicate a lack of trust or popularity.
The company is registered in China, which may raise regulatory concerns for some traders.
HMCL broker Accounts
HFM Account Types
HFM offers five different types of trading accounts to cater to various trading needs and preferences. The account types include:
- Micro Account:
- Minimum Deposit: $5
- Minimum Forex Spreads: 1.0 pips
- Maximum Leverage: 1:1000
- Ideal for beginners to learn trading strategies.
- Premium Account:
- Minimum Deposit: $100
- Minimum Forex Spreads: 1.0 pips
- Maximum Trade Size: 60.0 lots
- Suitable for traders looking for more trading capacity.
- Zero Spread Account:
- Minimum Deposit: $200
- Minimum Forex Spreads: 0.0 pips (commission-based)
- Commission: $6 per 1.0 standard lot
- Best for traders seeking competitive pricing.
- PAMM (Premium) Account:
- Minimum Deposit: $250
- Offers commission-free options and competitive spreads.
- Designed for traditional retail management.
- HF Copy Account:
- Minimum Deposit: $500 for signal providers and $100 for followers.
- Targets those interested in copy trading strategies.
Visit the HFM Website: Go to the official HFM website and click on “Open Live Account.”
Fill in Personal Details: Enter your country of residence, valid phone number, name, date of birth, desired email address, and password.
Access MyHF Area: Click “Register” to access the MyHF area, where you can select your preferred account type and follow the on-screen instructions.
Account Verification: Verification is mandatory. Most traders pass it by uploading a copy of their ID and one proof of residency document.
Make the Minimum Deposit: Complete the registration and setup process by making the required minimum deposit.
Receive Confirmation: HFM will send you an email confirmation, which includes your account login details.
HFM Broker Account Opening Process
Opening an HFM trading account can be done swiftly through an online application. Here are the steps to follow:
By following these steps, you can successfully open an account with HFM and start your trading journey.
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