HFX Review SummaryFounded2006Registered Country/RegionIndonesiaRegulationRegulated by BAPPEBTIMarket InstrumentForex, metals, energies, indicesAccount TypeMini, Mini Classic, Classic, PremiumDemo Account✅($100,000 in virtual funds)Islamic Account✅Maximum Leverage1:200Spread (EUR/USD)Floating around 1.7 pipsTrading PlatformHFX MT4, HFX Android, HFX iPhone Trader, HFX iPad Trader, HFX WebTerminalMinimum Deposit$100Deposit & Withdrawal MethodWire transfersCustomer SupportLive chatTel: +6221-2933-7651Email: support@hfx.co.idHFX Information HFX, a trading name of PT. HFX Internasional Berjangka, is an online trading service provider based in Indonesia whose goal is to provide traders with the best trading conditions by allowing them unlimited access to liquidity, low spreads, and a wide range of products and services. HFX offers leverage up to 1:200 for forex trading and utilizes the popular MetaTrader 4 (MT4) trading platform, which is known for its robust features and extensive trading tools.Pros & ConsPros ConsMultiple security measuresNo top-tier regulationDemo accountsLimited tradable assetsVarious account typesOnly accept wire transfer paymentsMT4 supportedNo commisson-free accountsNo deposit & withdrawal feeLive chat supportIs HFX Legit? PT. HFX Internasional Berjangka (formerly known as PT. Fortis Asia Futures) is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade in Indonesia. They hold a Retail Forex License with license number 877/BAPPEBTI/SI/1/2006.Market Instruments HFX offers traders a wide range of financial products, mainly popular currency pairs, indices, metals, and energy. Currency Pairs: HFX provides access to a variety of currency pairs, allowing traders to participate in the foreign exchange market. Currency pairs include major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. Traders can take advantage of fluctuations in exchange rates between different currencies to potentially profit from their trades. Indices: HFX offers trading on various stock market indices, representing a basket of stocks from specific regions or sectors. Traders can speculate on the overall performance of an index, such as the S&P 500 or the FTSE 100, without the need to trade individual stocks. This allows for diversification and exposure to broader market trends. Metals: Traders on HFX have the opportunity to trade precious metals like gold and silver. Precious metals are often sought after as a safe haven during times of market volatility or economic uncertainty. Trading metals can provide a way to hedge against inflation or diversify an investment portfolio. Energy: HFX offers energy trading, allowing traders to participate in the price movements of commodities like crude oil and natural gas. Energy markets can be influenced by various factors, including geopolitical events and supply and demand dynamics. Trading energy products provides opportunities to profit from these fluctuations.Account Types Apart from demo accounts, HFX offers investors four types of live accounts: Mini, Mini Classic, Classic, and Premium. Mini Account: for low-volume traders who are just getting started. Mini Classic Account: for beginners. ClassicAccount: for traders looking for position sizing flexibility. Premium Account: for scalpers, high-volume traders and those who use Expert Advisors (EA).Account TypeMinimum DepositMini100 USDMini ClassicClassic5,000 USDPremium LeverageAccount TypeMaximum LeverageMini1:200Mini ClassicClassic1:50Premium It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spreads & Commissions HFX does not offer commission-free accounts. All account types will be charged certain commission fee. The spread is variable from 1 pip for the Mini account, while from 0 pips for other three account types.Account TypeSpread CommissionMiniFrom 0 pips✔Mini ClassicFrom 1 pipClassicFrom 0 pipsPremiumTrading Platform HFX provides its traders with the widely recognized and highly popular MetaTrader 4 (MT4) trading platform. This platform is renowned for its advanced features, user-friendly interface, and extensive range of trading tools. HFX understands the diverse requirements of its users and offers multiple trading systems to cater to their specific preferences. These systems include HFX Android, HFX iPhone Trader, and HFX iPad Trader, ensuring compatibility and accessibility across various devices.Deposit & Withdrawal HFX accepts deposits through wire transfers. The minimum deposit amount required by HFX is $100, allowing traders to start their trading activities with a manageable initial investment. When it comes to withdrawals, HFX has set a minimum withdrawal amount of $5. Traders can request withdrawals, and the processing time for these requests is 1 business day. It is worth noting that HFX applies withdrawal fees that are dependent on the specific bank used for the transaction. The exact fee structure is not specified, so traders should review the terms and conditions or contact HFX directly to obtain accurate information regarding the applicable fees.Wire TransferMin AmountMax AmountFeeProcessing TimeDeposit$100No limit❌(bank charges may apply)Within 1 dayWithdrawal$5 / Rp 60 000No limit1 business dayCustomer Support HFXs customer support can be reached by telephone: +6221-2933-7651, email: support@hfx.co.id or live chat. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: APL Tower Central Park Mall Lantai 16 No. T2 Jl. Let.Jend S.Parman Kav 28 Jakarta Barat 11470 Indonesia.Frequently Asked Questions (FAQs) Is HFX regulated? Yes. It is regulated by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI). Does HFX offer demo accounts? Yes. Does HFX offer the industry-standard MT4 & MT5? Yes. HFX supports MT4 and mobile trading. What is the minimum deposit for HFX? The minimum initial deposit to open an account is $100. Is HFX a good broker for beginners? Yes. HFX is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.