By BrokeReview Expert

HFM Review – All About HFM.Com Broker

HFM Review

HFM is a member of HF Markets Group. The company was founded in 2010 and started taking the world like storm almost immediately. With 60+ awards and 5 international licenses, we can clearly see why HFM is as successful as they are.

Being on top of the food chain is not easy. HFM holds licenses in 5 different jurisdictions, most notably in the UK, issued by the FCA. Other licenses were issued in Dubai, South Africa, Seychelles, and Kenya by their respective agencies.

Applications used for trading by HFM are the most popular ones available. For those just starting out their career, there is an excellent education program and great customer support as well.

We know the world of finance has become full to the brim with different companies offering different conditions. Making a decision can be hard work, so let’s see what exactly makes this firm a world-renowned broker. 

Country of RegulationUK, Cyprus, Dubai, South Africa, Seychelles, Kenya
Trading Fees ClassLow
Inactivity Fee ChargedYes
Withdrawal Fee AmountNo
Minimum Deposit$5
Time to Open An AccountA couple of minutes
Deposit with Bank CardAvailable
Depositing with Electronic WalletAvailable
Number of Base Currencies Supported2
Demo Account ProvidedYes
Trading PlatformMetaTrader 4&5, FBS Trader, Web platform
Products OfferedForex, stocks, indices CFDs, share CFDs, CFDs on valuable metals, CFDs on energy, Crypto, CFDs on Bonds, CFDs on ETFs
Customer support24/5

HFM Regulation and Security of Funds

We already mentioned how HFM holds several international licenses, but in the trading world not all licenses are considered equal. HFM holds one of the most prestigious ones, issued by FCA in the UK.

In order to be allowed to provide broking services in the UK, FCA requires certain conditions brokers have to meet. These conditions include but are not limited to at least £730.000 of starting capital.

FCA also requires clients’ financial safety through segregated bank accounts and other security implements. What this means is that there is no possibility for the company to misuse clients’ funds in any way.

The UK also requires maximum leverage of 1:30 and additional measures such as negative balance protection. Compensation scheme with a maximum of £85.000 further solidifies customer protection. FCA also allows no bonuses.

Other regulators that have issued licenses to HFM are DFSA from Dubai, FSCA from South Africa, FSA from Seychelles and CMA from Kenya. Among these, DFSA and FSCA have similar strict requirements, but FSA and CMA have some more lax regulations.

HFM Available Account Types

HFM Account Types

No matter if you’re the diligent type that likes more control, or if you have a greater appetite for risk, HFM has you covered. Their accounts include Micro, Premium, Zero Spread, PAMM, and HFcopy. All accounts are available in Live and Demo versions. Here’s a quick list of some interesting aspects of some accounts:

  • They’re easy and quick to open
  • Micro accounts start with deposits as low as $5
  • Premium accounts have all the tools an experienced trader needs 
  • HFcopy Accounts for Strategy Providers
  • All these accounts offered in Live and Demo versions

All this diversity makes you really appreciate the effort HFM made to satisfy evolving needs of the market. Novices, as well as experienced traders and even professionals, will find all the solutions they need with this broker.

Depending on how high you set the bar, you may go with a Micro account with a $5 minimum deposit, or you can go with a more serious account like the PAMM. The deposit on PAMM is on the steeper side, with $250 minimum.

Demo accounts are made available for those who are unsure on what account best suits their needs. These demo accounts can also be used to train advanced speculation methods, or for long-term statistical analysis. If you need a tool, HFM probably has it. 

HFM Trading Instrument Available

By making over 1200 trading instruments available to their clients, HFM has further cemented their hold on the global market. This is a huge list indeed, so our staff has decided to make a short list of goodies available on HFM.

Let’s have a brief overview of them now:

  • Over 50 forex currency pairs with spreads from 0.1 pips (EUR/USD, AUD/USD, GBP/USD, USD/CAD, USD/CHF, CAD/USD, EUR/JPY)
  • 10+ Indices CFDs (US100, US30, AU200, EU50, NETH25, DE30, JP225)
  • 50+ Stocks CFDs (Apple, Hilton, Google, IBM, Netflix, Pfizer, Tesla)
  • 19 Cryptocurrencies CFDs (Bitcoin, Ethereum, Dash, Lite, Stellar, Ripple)
  • 30+ CFDs on ETFs (BETZ, ESPO, ITA, NERD, XLF)
  • 5 CFDs on precious metals (Platinum, Palladium)
  • 5 CFDs on Commodities (Cocoa, Copper, Sugar)
  • 2 CFDs on Energies (USOil, UKOil)

HFM Funding Methods 

A good broker allows for a good flow of money. In this regard, HFM is one of the best, with a 0% deposit fee policy, and very low transaction processing times. A number of payment methods are available, ranging from cards, wire bank transfers, and E-wallets.

Traders may select one of the following funding methods:

  • Credit/debit cards (Visa, MasterCard, Maestro)
  • Wire Transfers 
  • E-wallets (Neteller, Skrill, Sticpay, FasaPay, Bitpay, RayRedeem)

Besides 0% fee on deposits and withdrawals, HFM charges no commission either. This is amazing for traders with flexible budgets, but there are some fees that do apply, however. After being inactive on the platform for longer than 6 months, a $5 inactivity fee applies.

Overall, fees are not steep by any means. Other expenses you may expect are transfer fees charged by the bank itself, or some special limitations typical for E-wallet purchases.

Depending on the funding type, it might take some time for live accounts to update. E-wallet and card transactions tend to take less than 10 minutes, but Wire transfers tend to take a couple of business days. Although this is nothing out of the ordinary, we should mention that wire transfer withdrawals are limited to a minimum of $100.

Withdrawals are completely free, HFM doesn’t charge any fees from their side. Commissions incur from the bank handling the transfer. Otherwise, all withdrawal requests follow a procedure and take from 2 to 10 business days to process.

HFM Trading Platform

HFM Trading Platform

HFM supports MT4 and MT5. For custom user experience, this broking company also developed its own platform, the HFM Platform. We can see a brief list of available software below:

  • MetaTrader 4
  • MetaTrader 5
  • HFM 
  • Web platform

Industry-leading and trend-setting software, MT4 is available with HFM. This platform has a long-standing track record that spans the better part of 15 years. It is a program that standardized how online markets work, and many of its options are now considered staples of online trading.

Similarly, MT5 is a newer generation program that further improves MT4’s functionality. It is not a simple update, but a comprehensive overhaul that adds many more features, tools, and an improved user interface. The program’s functionality is further improved by adding widgets, as well as advanced Timeframes and Strategy Testers.

HFM Platform is a purpose-designed software created to offer a more customized experience for HFM’s clients. The app is available on both Android and iOS platforms and further expands the list of functions.

You may also facilitate trading using a traditional Web Platform, which uses a Web Browser to communicate on the market. 

Customer Support

Customer support is available 24/7 via the live chat function. Other support methods are available only through working days, and customer support on HFM is very diligent.

  • 24/7 all-year-round live chat support
  • Phone calls during workdays
  • Regional email support

These support options have become somewhat of a norm with brokers over the years. Most companies offer only a call-back option, whereas HFM has a support line for regular calls.

One thing that makes HFM’s customer support really stand out is the sheer volume of phone lines for support, and it extends to many countries with regional speakers. These countries are the US, UK, Brazil, Russia, Columbia, China, India, and many more.

Education Available

Quality education is a must for everyone who wishes to pursue a career as a successful trader. Education classes are available at HFM’s web page, and you will find them very informative.

Some of the knowledge is packed in easy-to-learn video formats, such as tutorials and how-to videos. There are also full-fledged online educational e-courses and a specialized Forex trading e-course.

More advanced users can improve thanks to webinars, events, and podcasts HFM organizes. Professionals will find HFM Exclusive Analytics an invaluable tool that makes the work just that little bit easier.

HFM Overall Summary

HFM has been successful in business since 2010. During that time, they set some standards and defined the way this demanding industry operates. Their platforms operate quickly and without a hitch, and their education is excellent.

This company is fully compliant with licensing requirements set by five different countries. The most strict of these is from the UK, but Dubai and South Africa are also rigorous when it comes to licensing. Besides this, they also hold a trading license in Kenya and Seychelles.

There is a wide selection of different core accounts, each with its own advantages for different customer profiles. All the accounts are available on all supported trading platforms. Supported software is MT4, MT5, a Web Platform and a tailor-made HFM Platform.

Distinguished customer service is available on workdays via Live chat, email and direct phone call. Their education courses are brilliant and elaborate. There are quick classes, as well as full-fledged education courses for beginners, intermediates and professionals.

FAQs About HFM Broker

Is HFM a Safe Broker?

HFM is a safe broking company with a distinguished track record. The company is transparent and secure.

Does HFM Offer Demo Account?

HFM offers a range of different accounts, and for each of those, a demo account is available as well.

What Is The Minimum Deposit at HFM?

Depending on the choice of the account, deposits can be as low as $5. For more advanced accounts minimum deposit is a bit higher at $250.

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