HMFS broker Accounts

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

Part 1: hmfs Account Types Explained

HMFS (Habib Metropolitan Financial Services) offers a variety of account types tailored to meet the diverse needs of traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• Suitable for beginners and experienced traders
• Target User Profile: Beginner to intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Lower trading costs for high-frequency traders
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:400
• Key Features:
• Enhanced trading conditions
• Priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard account, but swap-free
• Leverage Options: Up to 1:500
• Key Features:
• Compliant with Sharia law
• No swap fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free trading environment
• Ideal for testing strategies
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, Islamic Account
• Advanced: ECN Account, Pro Account
• Professional: Pro Account

Part 2: Detailed hmfs Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips + commission

• Pro: Competitive

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Lower than Standard

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5, proprietary platform

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account

• Swap-Free Options:

• Yes for Islamic Account

• Demo Account Features:

• Virtual funds for practice

• Access to all trading instruments

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Priority support

• Suitable for professional traders

• Islamic Account:

• Compliant with Islamic finance principles

• No swap fees

• Demo Account:

• Risk-free environment

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• High minimum deposit

• More suited for experienced traders

• Islamic Account:

• Limited to Muslim traders

• May not have all features of other accounts

• Demo Account:

• Virtual funds may not reflect real trading conditions

• Limited duration for practice

Part 3: hmfs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available to residents of most countries, with some exceptions
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (not specified)
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing the current address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• HMFS adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to provide necessary documentation for verification.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Part 4: Step-by-Step hmfs Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website: Go to the HMFS official website.
2. Click Registration: Locate and click on the 'Open Account' button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify trading preferences, including leverage and account currency.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your trading account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile registration optimized for smaller screens.

Common Registration Issues and Solutions

• Issue: Document upload errors
• Solution: Ensure documents are clear and in the required format.
• Issue: Verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through customer support or the client portal, subject to the terms and conditions of the brokerage.

Part 5: hmfs Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Visit the HMFS website and select the option to open a demo account.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have different trading conditions, such as spreads and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: hmfs Islamic Account Details

Swap-Free/Islamic Account Availability

• HMFS offers an Islamic account option, compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – hmfs Account Types & Opening

1. What account types does hmfs offer？

• HMFS offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does hmfs account verification take？

• Verification typically takes 1 to 3 business days.

1. Does hmfs offer demo accounts？

• Yes, HMFS provides demo accounts for practice trading.

1. Can I have multiple account types with hmfs？

• Yes, clients can open multiple account types.

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

• Yes, HMFS offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, changes can be requested through customer support or the client portal.