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HFM Forex broker specializes in providing foreign exchange trading services, the company's official website https://register.hfm..., the company's legitimate regulatory information United KingdomFCAForex Execution License (STP), United Arab EmiratesDFSADerivatives Trading License (MM), South AfricaFSCADerivatives Trading License (EP), SeychellesFSADerivatives Trading License (EP) to enhance the security of the company's address

HFM Forex Broker

Regulated
HFM

Rating Index

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Company Summary

Established in 2010, HFM is an online trading broker registered in various countries. It operates under the supervision of FCA, DFSA, FSA and CMA and offers more than 500 trading instruments.In addition, it sets up 4 types of accounts for traders with different trading needs and experience, all of which can use the 3 trading platforms it provides.In terms of fees, the account can be commission-free trading, 0 pip starting spread trading forex and specific instruments without swaps.What can I trade with HFM?HFM offers 500+ trading instruments, specifically related to the following:• Forex: 50+ currency pairs covering major currencies, minor currencies and exotic currencies.• Metals: Precious metals such as gold, silver, platinum and palladium can be traded at spot prices.• CFDs On Energies: Choose between spot contracts or futures contracts to trade in the crude oil market using CFDs.• Indices: Supports access to global indices including the US 500 and the UK 100.• CFDs On Stocks: Support for trading CFDs on stocks of the world's largest and best-known companies such as Apple, Amazon and Meta.• CFDs On Commodities: Soft commodities as well as hard commodities such as cocoa, coffee and copper are included.• CFDs On Bonds: Bonds issued by the world's leading economies, such as UK and US government bonds, can be traded.• CFDs On ETFs: Covers markets, sectors, currencies and commodities.• CFDs On Cryptocurrencies: Cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.
How to login to HFM?

HFM Similar Brokers

Pros
Regulated by multiple respected financial authorities, ensuring a level of security and accountability for traders.
Offers a diverse range of trading platforms, including MT4, MT5, and its proprietary HF Copy platform for social trading.
Competitive spreads and a variety of account types cater to different trading styles and preferences.
Cons
Limited asset selection compared to some competitors, which may restrict trading opportunities for some traders.
Customer support availability may not be 24/7, potentially leading to delays in assistance depending on the trader's location.
Higher offshore fees may apply for accounts outside specific regulatory zones, affecting overall trading costs.

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
HF Markets Group
Abbreviation
HFM
Company employee
--
Customer Service Email Address
support@hfm.com
Contact Number
+442030978571
Company Website
How to login to HFM?
hfm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a hfm Account Creating an account with hfm (formerly known as HotForex) is a straightforward process that allows you to access a variety of trading services. Heres a detailed guide on how to register: Steps to Register (Steps 1-5) Accessing the Registration Page: Visit the official hfm website at hfm.com and click on the “Register” or “Open Live Account” button, typically found at the top right corner of the homepage. Filling in Required Information: You will need to provide personal details including your full name, email address, phone number, date of birth, and country of residence. Ensure that the information is accurate, as it will be used for verification purposes. Create a strong password that meets the platform's security requirements (typically a mix of uppercase letters, lowercase letters, numbers, and special characters). Email/Phone Verification: After submitting your details, check your email for a verification link. Click on this link to confirm your email address. If required, you may also receive a verification code via SMS to confirm your phone number. Identity Verification (if required): Depending on your region and the type of account you wish to open, you may need to provide identity verification documents. This typically includes a government-issued ID (passport or driver's license) and proof of address (utility bill or bank statement). Registration Confirmation: Once your email is verified and all required documents are submitted, you will receive a confirmation email indicating that your hfm account has been successfully registered. Common Registration Issues and Solutions Email Not Received: Check your spam or junk folder if you do not see the verification email. Ensure that you entered your email address correctly during registration. Document Rejection: If your verification documents are rejected, ensure they are clear, not expired, and meet the required specifications. Resubmit if necessary. Regional Differences in Registration Certain regions may have additional requirements or restrictions due to regulatory compliance. For example, residents in the U.S. may face limitations in account types available. Always check the hfm website for specific details related to your country. Part Two: hfm Account Opening Detailed Guide Explanation of Differences Between Registration and Account Opening While registration creates your hfm account, the account opening process allows you to select the type of trading account you wish to operate. Registration is the first step, while account opening involves additional selections and document submissions. Preparation Work Before Account Opening Before you proceed to open an account, ensure you have the following: A valid government-issued ID for identity verification. Proof of address documentation (recent utility bill or bank statement). A clear understanding of the type of account you wish to open (e.g., individual, joint, or corporate). Detailed Account Opening Steps Selecting Account Type: After registration, log in to your hfm account and navigate to the account opening section. Choose from various account types offered by hfm, such as Standard, Cent, or Zero Spread accounts, depending on your trading needs. Submitting Required Documents: Upload the necessary documents for verification. This includes your ID and proof of address. Ensure that all documents are clear and legible. Account Review Process: Once documents are submitted, your account will enter a review phase. This can take anywhere from a few hours to several business days. You will be notified via email once your account is approved. Account Activation: After approval, you will receive an email with your account credentials, including your account ID and a temporary password. Use these details to log in. Initial Setup: Upon logging in for the first time, you may be prompted to change your password. Complete your profile by providing additional information regarding your trading experience and preferences. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, the review process can take a few hours to a couple of business days, depending on the volume of applications and the accuracy of the submitted documents. What should I do if my documents are rejected? Review the feedback provided, ensure your documents meet the required standards, and resubmit them promptly. Next Steps After Opening an Account Once your account is activated, you can fund it using various payment methods, including bank transfers, credit cards, or e-wallets. After funding, you can begin trading by selecting your preferred trading platform, such as MetaTrader 4 or 5. Part Three: hfm Login Process Explained Basic Web Login Process (Steps 1-5) Access the Login Page: Go to the hfm website and click on the “Login” button located at the top right corner of the homepage. Enter Credentials: Input your hfm account ID and password. Ensure that you enter the information accurately, paying attention to case sensitivity. Two-Factor Authentication (if enabled): If you have set up two-factor authentication (2FA), you will be prompted to enter the verification code sent to your mobile device or email. Click on the Login Button: After entering your credentials and any required verification codes, click the “Login” button to access your account. Navigating the Dashboard: Once logged in, you will be taken to your trading dashboard where you can manage your accounts, view market data, and execute trades. Mobile App Login Process Download the hfm mobile app from the Google Play Store or Apple App Store. Open the app and enter your account ID and password to log in. The process is similar to the web login, including any 2FA requirements. Other Login Methods Single Sign-On (SSO): If your organization supports SSO, you may be able to log in using your corporate credentials. Common Login Issues and Solutions Forgotten Password: Click on the “Forgot Password” link on the login page. Enter your registered email address and follow the instructions sent to your inbox to reset your password. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a specified time before trying again or contact customer support for assistance. Technical Issues: Ensure your internet connection is stable and try clearing your browser cache. If issues persist, try logging in from a different browser or device. Special Instructions for First-Time Login: Upon your first login, it is advisable to change your temporary password and set up security questions or 2FA for enhanced security. Overview of Features After Login After logging in, you can access a wealth of features including: Real-time market data and analytics. Account management tools for deposits and withdrawals. Access to educational resources and trading tools to enhance your trading experience. Additional Sections Account Security Recommendations Always use a strong, unique password and change it regularly. Enable two-factor authentication to add an extra layer of security. Regularly review your account activity for any unauthorized transactions. Best Practices for Account Management Keep your personal information up to date to ensure smooth transactions. Use the myhf portal to manage your accounts effectively. Familiarize yourself with the trading platform features to maximize your trading potential. How to Get Technical Support If you encounter any issues during registration, account opening, or login, you can reach out to hfm customer support through: Email: Send your inquiries to the support email listed on the website. Live Chat: Use the live chat feature available on the hfm website for instant assistance. Phone Support: Call the customer service number provided for direct support. In summary, the hfm platform offers a user-friendly experience for registration, account opening, and login processes. By following the steps outlined in this guide, you can efficiently navigate the platform and start your trading journey with confidence.

HFM Forex Broker - Complete Information Guide

1. Broker Overview

HFM, formerly known as HotForex, is a multi-asset brokerage founded in 2010. The company is headquartered in Larnaca, Cyprus, and operates multiple regional offices, including locations in the United Kingdom, Dubai, South Africa, and Kenya. As a privately held entity, HFM has established itself as a prominent player in the forex and CFD trading market, catering primarily to retail and institutional clients.

Since its inception, HFM has achieved significant milestones, including the opening of over 3.5 million client accounts and receiving multiple awards for its services. The broker is part of the HF Markets Group, which encompasses several regulated entities across different jurisdictions. HFM operates on a market maker model, providing access to a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies.

2. Regulation and Compliance Information

HFM is regulated by several prominent authorities, ensuring a high level of security and compliance for its clients. The key regulatory bodies include:

  • Financial Conduct Authority (FCA), UK - License No. 801701
  • Cyprus Securities and Exchange Commission (CySEC) - License No. 183/12
  • Dubai Financial Services Authority (DFSA) - License No. F004885
  • Financial Sector Conduct Authority (FSCA), South Africa - License No. 46632
  • Capital Markets Authority (CMA), Kenya - License No. 155
  • Seychelles Financial Services Authority (FSA) - License No. SD 015
  • HF Markets (SV) Ltd, St. Vincent and the Grenadines - Non-regulated entity

HFM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that client funds are managed responsibly and securely. The broker maintains a client funds segregation policy, which keeps clients' funds separate from the company's operational funds, providing additional protection. Furthermore, HFM participates in investor compensation schemes in jurisdictions like the UK and Cyprus, ensuring that clients are covered in case of broker insolvency.

3. Trading Products and Services

HFM offers a diverse range of trading products, catering to various trading styles and preferences. The broker provides access to over 500 trading instruments, including:

  • Forex Pairs: HFM offers more than 50 currency pairs, including major, minor, and some exotic pairs.
  • CFD Products: Traders can access CFDs on commodities, metals, indices, stocks, and cryptocurrencies. The broker provides a selection of 40+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
  • Special Products: HFM also offers unique trading options, such as PAMM accounts for managed investments and copy trading services that allow less experienced traders to follow successful strategies.
  • Retail Trading Services: HFM primarily focuses on retail trading, offering various account types to suit different trading needs.

The broker frequently updates its product offerings to meet market demands, ensuring that clients have access to the latest trading opportunities.

4. Trading Platforms and Technology

HFM supports multiple trading platforms, catering to both novice and experienced traders. The key platforms include:

  • MetaTrader 4 (MT4): This classic trading platform is widely popular among traders for its user-friendly interface, advanced charting capabilities, and support for automated trading through Expert Advisors (EAs).
  • MetaTrader 5 (MT5): The newer version of the platform, MT5, offers enhanced features, including additional timeframes, more technical indicators, and a built-in economic calendar.
  • HFM Mobile App: The broker provides a proprietary mobile trading app compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
  • Web-Based Trading: HFM also offers a web-based trading platform, enabling clients to trade without the need for software installation.

The broker employs advanced technology and infrastructure to ensure fast order execution and minimal slippage, making it suitable for various trading strategies, including scalping and news trading.

5. Account Types and Trading Conditions

HFM offers a variety of account types tailored to meet the diverse needs of its clients:

  • Cent Account: Designed for beginners, this account allows trading with a minimum deposit of just $5 and offers high leverage of up to 1:2000.
  • Premium Account: This account type requires a minimum deposit of $100 and offers competitive spreads starting from 1.2 pips.
  • Zero Spread Account: With a minimum deposit of $200, this account provides access to raw spreads starting from 0.0 pips, but incurs a commission of $6 per round turn.
  • Pro Account: This account type is aimed at experienced traders, offering tighter spreads and higher leverage, with a minimum deposit of $100.
  • Islamic Account: HFM provides swap-free accounts for traders who adhere to Islamic principles, ensuring compliance with Sharia law.

The leverage offered by HFM varies by account type and product, with retail clients typically enjoying leverage up to 1:30 under strict regulatory environments, while offshore clients may access leverage up to 1:2000.

6. Fund Management

HFM provides a wide range of funding options for clients to deposit and withdraw their funds:

  • Deposit Methods: Clients can deposit funds via bank transfers, credit/debit cards, and various e-wallets such as Neteller and Skrill. The minimum deposit requirement varies by account type, starting as low as $5 for the Cent Account.
  • Deposit Processing Time: Most deposits are processed instantly, while bank transfers may take 2 to 7 business days.
  • Withdrawal Methods: HFM supports multiple withdrawal methods, including bank transfers and e-wallets. The minimum withdrawal amount is generally $5, except for bank transfers, which require a minimum of $100.
  • Withdrawal Processing Time: Withdrawals are typically processed within 24 hours, with bank transfers taking longer depending on the bank's policies.
  • Fees: HFM does not charge any internal deposit or withdrawal fees, although third-party processing fees may apply.

7. Customer Support and Educational Resources

HFM prioritizes customer support and offers various channels for clients to seek assistance:

  • Support Channels: Clients can reach HFM through live chat, email, and phone support. The broker provides assistance in 27 languages, catering to a diverse clientele.
  • Service Hours: Customer support is available 24/5, ensuring that traders receive timely assistance during trading hours.
  • Educational Resources: HFM offers a comprehensive educational suite, including webinars, video tutorials, and market analysis reports. The broker also provides access to trading tools such as economic calendars and calculators to help traders make informed decisions.

8. Regional Coverage and Restrictions

HFM serves a global market, with a strong presence in regions such as Europe, Africa, and Asia. The broker operates in various countries, providing localized services and support. However, HFM does not accept clients from certain countries due to regulatory restrictions, including:

  • United States
  • Canada
  • Iran
  • North Korea
  • Sudan

Potential clients are encouraged to check HFM's website or contact customer support to confirm eligibility based on their location.

In summary, HFM (HF Markets) is a well-regulated forex broker providing a wide range of trading instruments and services. With a strong commitment to client security and support, HFM has established itself as a reputable choice for both new and experienced traders in the global market.

HFM Forex Broker has an overall rating of 7.89, Regulatory Index 6.94, License Index 6.96, Business Index 8.00, Software Index 9.99 Risk Control Index 9.79.