Overall, HFM can be summarised as a trustworthy and regulated broker in South Africa that offers access to low spreads and no deposit fees. HFM is regulated by multiple entities including the FSCA. HFM has a trust score of 96 out of 99.
🔎 Order Execution | 4/5 |
💴 Commissions and Fees | 4/5 |
📈 Range of Markets | 4/5 |
📉 Variety of Markets | 4/5 |
📊 Withdrawal Speed | 4/5 |
💖 Customer Support | 4/5 |
💻 Trading Platform | 4/5 |
🖍️ Education | 3/5 |
🗂️ Research | 4/5 |
📝 Regulation | 5/5 |
📱 Mobile Trading | 5/5 |
💯 Trust Score | 85% |
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
HFM Review – Analysis of Brokers’ Main Features
- ☑️ HFM Overview
- ☑️ HFM Detailed Summary
- ☑️ HFM Advantages over Competitors
- ☑️ Who will Benefit from Trading with HFM?
- ☑️ HFM Safety and Security
- ☑️ HFM Awards and Recognition
- ☑️ HFM Bonus Offers and Promotions
- ☑️ HFM Affiliate Program Features
- ☑️ HFM Minimum Deposit
- ☑️ HFM Account Types and Features
- ☑️ How to Open and Close an HFM Account
- ☑️ HFM MAM / PAMM Features
- ☑️ Social Trading with HFM
- ☑️ HFM Trading Platforms
- ☑️ Which Markets Can You Trade with HFM?
- ☑️ HFM Fees, Spreads, and Commissions
- ☑️ HFM Deposits and Withdrawals
- ☑️ How to make a Deposit with HFM
- ☑️ HFM Education and Research
- ☑️ HFM Customer Support
- ☑️ HFM Sponsorships
- ☑️ HFM Corporate Social Responsibility
- ☑️ HFM Cashback Rebates Features and Conditions
- ☑️ HFM VPS Review
- ☑️ HFM Web Traffic Report, Geographic Reach, Limitations, and, Best Countries by Traders
- ☑️ HFM vs XM vs Vantage Markets – A Comparison
- ☑️ HFM Alternatives
- ☑️ Our Experience with HFM
- ☑️ Recommendations according to our in-depth review of HFM
- ☑️ HFM Customer Reviews
- ☑️ Pros and Cons of Trading with HFM
- ☑️ Conclusion
- ☑️ Frequently Asked Questions
HFM Overview
HFM (previously HotForex) is a well-known forex and commodities broker that is especially enticing to South African traders due to its FSCA regulation and local customer assistance. HFM caters to both rookie and expert traders by offering several account types.
South Africans enjoy competitive spreads, leverage of up to 1:2000, and diverse trading instruments such as forex, cryptocurrencies, and CFDs.
Furthermore, HFM’s dedication to education and client care, combined with sturdy MT4 and MT5 platforms, makes it an excellent alternative for anyone looking for a trustworthy trading partner in the volatile financial markets.
HFM Detailed Summary
🔎 Broker | 🥇 HFM |
🏦 Headquartered | Cyprus |
🌎 Global Offices | Seychelles, South Africa, Dubai, UK, Kenya |
📌 Local Market Regulators in South Africa | Financial Sector Conduct Authority (FSCA) |
📍 Foreign Direct Investment in South Africa | 10309.28 billion ZAR |
📈 Foreign Exchange Reserves in South Africa | 46.3 billion ZAR |
📉 Local office in South Africa | ✅Yes |
📊 Accepts South African traders | ✅Yes |
↪️ Year Founded | 2010 |
☎️ South Africa Office Contact Number | +27-104 439 924 |
💹 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
📈 FSCA Regulation | ✅Yes |
📉 Regional Restrictions | The United States, Canada, Sudan, North Korea, and Syria |
☪️ Islamic Account | ✅Yes |
🆓 Demo Account | ✅Yes |
⏰ Non-expiring Demo | ✅Yes |
➡️ Demo Duration | Unlimited |
4️⃣ Retail Investor Accounts | 4 |
📌 PAMM Accounts | ✅Yes |
💧 Liquidity Providers | Barclays UK, BNP Paribas, and others |
🤝 Affiliate Program | ✅Yes |
🖥️ Order Execution | Market |
🖱️ One-Click Trading | ✅Yes |
🅰️ Scalping | ✅Yes |
🅱️ Hedging | ✅Yes |
📌 Expert Advisors | ✅Yes |
📰 News Trading | ✅Yes |
📍 Trading API | ✅Yes |
🖇️ Starting spread | 0.0 pips |
💰 Minimum Commission per Trade | From $6 per round turn on Forex |
💹 Decimal Pricing | 5th Decimal after the comma |
⚙️ Margin Call | Between 40% to 50% |
⛔ Stop-Out | Between 10% and 20% |
📈 Minimum Trade Size | 0.01 lots |
📉 Maximum Trade Size | 60 lots |
🪙 Crypto trading offered | ✅Yes |
💷 Offers a ZAR Account | ✅Yes |
👤 Dedicated South Africa Account Manager | ✅Yes |
➕ Maximum Leverage | 1:2000 |
💳 Minimum Deposit (ZAR) | 0 ZAR ($0) |
💵 Deposit Currencies | USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. |
💷 ZAR Deposits Allowed | ✅Yes |
💶 Account Base Currency | EUR, USD, NGN, ZAR |
🥰 Active South Africa Trader Stats | 200,000+ |
🔁 South Africa Daily Forex Turnover | 13.1 billion USD |
⌚ Minimum Withdrawal Time | 10 Minutes |
⏲️ Maximum Estimated Withdrawal Time | 10 business days |
🔃 Segregated Accounts with South African Banks | ✅Yes |
💰 Offers USD/ZAR currency pair | ✅Yes |
▶️ USD/ZAR Average Spread | From 79.7 pips |
⏩ Languages supported on the Website | English, Portuguese, Spanish |
#️⃣ Customer Support Languages | Multilingual |
🔢 Copy Trading Support | ✅Yes |
⏰ Customer Service Hours | 24/5 |
🎁 Bonuses and Promotions for South Africa Traders | ✅Yes |
🖍️ Education for South African beginners | ✅Yes |
💻 Proprietary trading software | ✅Yes |
😎 Most Successful Trader in South Africa | Ref Wayne (500 million USD+) |
💟 Is HFM a safe broker for South African Traders | ✅Yes |
🔟 Rating for HFM South Africa | 9/10 |
💯 Trust score for HFM South Africa | 85% |
HFM Advantages over Competitors
The main advantages of choosing to trade with HFM include:
- ✅ Competitive spreads and high-leverage options (up to 1:2000) help traders maximize trading opportunities, particularly for those with a solid risk management approach.
- ✅ The platform gives South African traders access to diverse trading products, including FX pairings, cryptocurrencies, commodities, indices, and CFDs, allowing them to diversify their financial portfolios.
- ✅ The broker supports the MetaTrader 4 and MetaTrader 5 platforms, which are well-known for their dependability, extensive charting tools, and automated trading features.
- ✅ HFM accepts various deposit and withdrawal methods, including local bank transfers in ZAR, making the process easier for South African traders.
- ✅ HFM provides a variety of account kinds, ranging from Micro to VIP, to accommodate varying degrees of trading skill and investment sums. This adaptability enables traders to select the account that best suits their trading style and financial objectives.
- ✅ HFM emphasizes trader education, providing many materials, including webinars, e-courses, and seminars, especially useful for beginning traders.
- ✅ The Financial Sector Conduct Authority (FSCA) in South Africa regulates HFM, assuring high confidence and compliance with local financial legislation.
- ✅ The broker offers personalized customer service for South African clients, including local phone help, which is critical for fast and relevant assistance.
and much, MUCH more!
Who will Benefit from Trading with HFM?
- ✅ Because of HFM’s diverse account kinds, traders with varying capital outlays, from modest to large, can select an account type that meets their investing capacity.
- ✅ Local customer support and the ability to conduct transactions in ZAR are especially beneficial for South African traders who prefer services tailored to their specific demands and financial climate.
- ✅ HFM’s educational tools, such as webinars and e-courses, are useful to beginners in South Africa. Because Micro accounts are available, beginners can begin with minimal amounts, lowering the barrier to entry into the forex market.
- ✅ Traders who want to trade on the go can use HFM’s mobile platforms, which provide flexibility and convenience for handling trades from anywhere.
- ✅ These traders profit from HFM’s tight spreads and short execution times, necessary for the quick trades that characterize scalping and day trading techniques.
- ✅ Long-term investors will find HFM’s extensive range of products, including commodities and indexes, useful for diversifying portfolios and managing risks over time.
- ✅ The FSCA’s regulatory control gives a level of security and trust. This feature, together with excellent customer service, appeals to traders who are wary of the hazards connected with online trading.
- ✅ HFM’s high-leverage options and competitive spreads are ideal for advanced traders. The advent of advanced trading platforms such as MT4 and MT5, which include analytical tools and automated trading capabilities, caters to seasoned traders seeking efficiency and depth in their trading methods.
- ✅ Those who use algorithmic trading methods will appreciate HFM’s support for automated trading systems on the MT4 and MT5 platforms.
How does HFM’s customer support compare to its competitors?
HFM provides excellent customer service, with a dedicated team accessible to assist traders.
Does HFM offer a variety of trading platforms?
Yes, HFM provides a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, to both novice and professional traders.
HFM Safety and Security
HFM is regulated by the Financial Sector Conduct Authority (FSCA) under HF Markets SA (PTY) Ltd under FSP 46632. Furthermore, HFM global regulations are listed in the table below.
HFM Global Regulations
🔎 Registered Entity | 🌎 Country of Registration | ↪️ Regulatory Entity | ➡️ Tier |
1️⃣ HF Markets SA (PTY) Ltd | South Africa | FSCA | 2 |
2️⃣ HF Markets (Europe) Ltd | Cyprus | CySEC | 2 |
3️⃣ HF Markets (Seychelles) Ltd | Seychelles | FSA | 3 |
4️⃣ HF Markets Ltd | Mauritius | FSC | 3 |
5️⃣ HF Markets (DICF) Ltd | Dubai | DFSA | 2 |
6️⃣ HF Markets (UK) Ltd | United Kingdom | FCA | 1 |
7️⃣ HFM Investments Limited | Kenya | CMA | 2 |
HFM Protection of Client Funds
🔎 Security Measure | 📌 Information |
🔒 Segregated Accounts | ✅Yes |
🔏 Compensation Fund Member | ✅Yes |
🔐 Compensation Amount | 5 million EUR |
🔓 SSL Certificate | ✅Yes |
🗝️ 2FA (Where Applicable) | ✅Yes |
🔑 Privacy Policy in Place | ✅Yes |
🔒 Risk Warning Provided | ✅Yes |
🔏 Negative Balance Protection | ✅Yes |
🔐 Guaranteed Stop-Loss Orders | None |
HFM Security while Trading
HFM, known for its strong dedication to security, provides South African traders with a reassuring trading environment. HFM conforms to strong local financial standards as a broker authorized by the Financial Sector Conduct Authority (FSCA) in South Africa, assuring high operational integrity and customer fund safety.
This regulatory control requires HFM to maintain transparent financial processes and regular audits, which are critical for protecting the interests of traders. Furthermore, HFM uses advanced security methods such as SSL encryption to safeguard online transactions and sensitive personal information, reducing cyber-attack danger.
Another important security aspect is the broker’s use of segregated accounts, which keep clients’ cash distinct from the company’s operational funds, offering protection against financial misconduct.
These extensive security measures work together to offer South Africans a safe and dependable trading environment, promoting trust and confidence in their dealings with HFM.
Pros and Cons Regulation and Safety of Funds
✅ Pros | ❎ Cons |
HFM is locally regulated in South Africa | Investor protection might not be available to traders in all regions |
All client funds are segregated and kept in top-tier banks | There are no guaranteed stop-loss orders |
All deposits and withdrawals with HFM are secure | Negative balance protection will not prevent traders from losing their invested capital when they trade using high leverage |
What kind of data encryption does HFM use?
HFM secures user data and transactions with high-level SSL encryption.
Are my details safe with HFM?
Yes, to preserve the privacy and security of your personal information, HFM implements strong data protection procedures.
HFM Awards and Recognition
HFM received the following recent awards and recognition:
- ✅ Best Trading Accounts Globally in 2025, awarded by the World Business Outlook.
- ✅ Top 100 Companies in 2025, awarded by the World Finance Magazine.
- ✅ The Best Stock Broker in 2025, awarded during the FX Awards.
- ✅ Best Online Trading App in 2025, awarded by CFI.CO.
- ✅ Best Trading Platform Broker in 2025, awarded by FX Daily Info.
- ✅ Best Forex Broker Globally (2022), awarded during the European Awards.
and many more!
HFM Bonus Offers and Promotions
HFM offers South African traders the following bonuses and promotions:
- ✅ Supercharged Bonus
- ✅ Top-Up Bonus
- ✅ HFM Gadget Giveaway
- ✅ Epic Affiliate Promotion
- ✅ Traders Awards 2025
- ✅ HFM Loyalty Program
- ✅ Demo Contest
- ✅ HFM Merchandise
HFM Supercharged Bonus
This promotion is especially attractive to individuals who are making significant deposits. It offers a 100% incentive on minimum deposits, with the potential to receive up to $50,000 as a bonus.
Furthermore, active traders can receive daily cash rebates of $2 per lot, up to a maximum of $8,000, significantly enhancing the trading experience and providing substantial value.
HFM Top-Up Bonus
Designed to incentivize consistent account financing, this offer grants a 20% bonus on all account transfers, with a maximum limit of R90,000.
This incentive is accessible to all HFM clients, and its profits are notably withdrawable, thereby providing traders with a tangible advantage to their investments.
HFM Gadget Giveaway
A free lucky draw adds an element of exhilaration to this promotion. A fortunate trader will be awarded an innovative device to express HFM’s gratitude to its community.
HFM Epic Affiliate Promotion
This promotional campaign specifically rewards affiliates by allowing them to attain formidable objectives, such as a brand-new Volkswagen Polo, a vacation to Zanzibar, or high-tech prizes, in addition to standard commission.
HFM Traders Awards 2025
The Traders Awards 2025 is a competitive promotion that bestows a $1,000 cash incentive and the esteemed HFM Crystal Obelisk upon the most exceptional trader in recognition of their exceptional trading performance.
HFM Loyalty Program
The objective of this program is to incentivize regular trading. Each trade is valued as participants accumulate HFM Bars through their trading endeavors. These bars can be redeemed for credit bonuses, currency, or trading services.
HFM Demo Contest
HFM provides a demo contest run on demo accounts so that participants can gain experience in trading without incurring any financial risk.
Although no financial risk is associated with participating, victors are granted real cash prizes. This presents traders with a valuable opportunity to assess their proficiency.
HFM Merchandise
HFM provides its devoted partners and traders with an assortment of premium branded merchandise, enabling them to acquire an authentic representation of the HFM brand.
Are the HFM bonuses withdrawable?
Profits from bonuses can be withdrawn, but the bonus sum itself may not be withdrawn.
Is there an HFM loyalty program?
Yes, HFM does have a Trading Rewards Loyalty Programme via which you can earn HFM Bars.
HFM Affiliate Program Features
The Affiliate Programme of HFM provides South Africans with a profitable opportunity to earn Forex market commissions through referrals.
Designed for offline and online affiliates alike, this program provides various resources and tools to achieve revenue objectives without requiring extensive technical expertise.
By referring clients to HFM, affiliates have the opportunity to earn handsome commissions through the use of customizable products and an outstanding commission structure. Sub-affiliates may also contribute to revenue generation through the introduction of new customers.
By enrolling, individuals are granted access to many advantages, such as HFM reimbursements, logos, avatars, and tutorials, which augment their marketing endeavors.
In addition, they can attend educational seminars that will enhance their knowledge of financial markets. The program offers exhaustive branding guidelines, professional roll-up banners, print advertisements, and outdoor advertising options to maximize brand visibility and client engagement.
By employing this all-encompassing strategy, HFM’s Affiliate Programme establishes itself as a resilient platform for South Africans seeking to exploit the Forex market.
How to open an Affiliate Account with HFM
To register an Affiliate Account, South African traders can follow these steps:
- ✅ In the “Affiliates” section, a link labeled “About HF Affiliates” provides access to detailed information regarding the affiliate program.
- ✅ Become acquainted with the various affiliate programs that HFM supports. After comprehensively comprehending your available choices, locate a green banner with the label “Become an Affiliate” and proceed with the registration process by clicking on it.
- ✅ During the registration procedure, you will be prompted to select whether you wish to register as an individual or a corporation. This decision should correspond to the particular requirements and objectives of your affiliation.
- ✅ You must provide precise and complete personal information in all required fields during registration.
- ✅ If applicable, continue with the registration procedure by filling out the sections about “Business Information.”
- ✅ In sections containing pertinent headings, such as “Revenue Share,” you will be prompted to indicate your stance on the provisions regarding revenue sharing between HFM and yourself by selecting “Yes” or “No.”
You must thoroughly review the documents supplied by HFM, such as their Agreement, Terms and Conditions, and Privacy Policy, before completing your registration. You must comprehend these terms before enrolling in the affiliate program.
Is there a RevShare+ initiative with HFM?
Yes, affiliates can receive monthly incentives and regular commissions based on specified KPIs through the RevShare+ initiative.
Can affiliates earn from cashback rebates?
Yes, affiliates can earn up to $6 cashback rebates for each lot their clients trade.
Are there marketing materials provided by HFM?
Yes, HFM offers a variety of marketing materials, such as banners and landing pages.
Are there different types of partnerships with HFM?
Yes, HFM supports a variety of cooperation models, including fund managers and white labeling.
HFM Minimum Deposit
🔎 Live Account | 💴 Minimum Dep. |
🥇 Cent | 0 ZAR / $0 |
🥈 Premium | 0 ZAR / $0 |
🥉 Zero | 0 ZAR / $0 |
🏅 Pro | 1,900 ZAR / $100 |
What is the minimum deposit for a Cent Account?
Cent Accounts do not require a set minimum deposit.
Is the minimum deposit the same for all account types?
No, the minimum deposit varies according to the account type.
HFM Account Types and Features
🔎 Live Account | 💶 Minimum Dep. | 📉 Average Spread | 💴 Commissions | 💰 Average Trading Cost |
🏅 Cent | 0 ZAR | 1.2 pips | None | 12 USD (Cents) |
🥉 Premium | 0 ZAR | 1.2 pips | None | 12 USD |
🥈 Zero | 0 ZAR | 0.0 pips | 6 USD | 6 USD |
🥇 Pro | 1,900 ZAR | 0.5 pips | None | 5 USD |
HFM Cent Account
The Cent Account caters to beginners or individuals who wish to test trading techniques with minimal risk. It allows for micro-lot trades and lower initial investment, making it an ideal choice for inexperienced traders seeking accessibility.
Additionally, this account type enables practical experience without requiring significant capital input.
💴 Minimum Deposit | 0 ZAR |
📈 Spreads | 1.2 pips EUR/USD |
📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
📊 Trading Instruments | 50+ Forex Pairs and Gold |
⚙️ Execution | Market Execution |
➕ Maximum Leverage Ratio | 1:2000 |
▶️ Minimum Trade Size | 0.01 lot |
⏩ Maximum Trade Size | 7 Standard Lots (100,000 base currency) |
📝 Maximum Open Orders | 150 lots (Simultaneous) |
🗂️ Margin Call (%) | 40% |
⛔ Stop-Out (%) | 10% |
💶 Account Base Currency | USD, ZAR, NGN |
👤 Personal Account Manager | ✅Yes |
💷 Commission Charges | None |
🎁 Bonuses Offered | Flexible bonus offering |
HFM Premium Account
Tailored to suit the needs of seasoned traders, the Premium Account provides a wider leverage option and more competitive spreads. It caters to those who can handle larger volumes and want access to top-of-the-line trading tools.
By offering fewer entry prerequisites while maintaining advanced trading conditions, this account type strikes an optimal balance for users seeking both simplicity and sophistication in their trades.
💴 Minimum Deposit | 0 ZAR |
📈 Spreads | From 1.2 pips EUR/USD |
📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
📊 Trading Instruments | All |
📌 Execution | Market |
➕ Maximum Leverage Ratio | 1:2000 |
🅰️ Minimum Trade Size | 0.01 lots |
🅱️ Maximum Trade Size | 60 lots |
↪️ Maximum Open Orders | 500 |
💹 Margin Call (%) | 50% |
⛔ Stop-Out (%) | 20% |
🪙 Account Base Currency | Depends on the region |
👤 Personal Account Manager | ✅Yes |
💷 Commission Charges | None |
🎁 Bonuses Offered | None |
📍 Personalised Services | None |
☪️ Swap Free Available | ✅Yes |
HFM Zero Account
The HFM Zero Account caters to traders who seek the tightest trading spreads. While this account type typically entails a transactional commission, it boasts ultra-low bid-ask spreads ideal for scalping and high-volume trades. It helps reduce the trading costs on popular currency pairs considerably.
💴 Minimum Deposit | 0 ZAR |
📈 Spreads | From 0.0 pips EUR/USD |
📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
📊 Trading Instruments | All |
💹 Execution | Market |
▶️ Maximum Leverage Ratio | 1:2000 |
⏩ Minimum Trade Size | 0.01 lots |
📌 Maximum Trade Size | 60 lots |
📍 Maximum Open Orders | 500 |
↪️ Margin Call (%) | 50% |
⛔ Stop-Out (%) | 20% |
🪙 Account Base Currency | Depends on the region |
👤 Personal Account Manager | ✅Yes |
💷 Commission Charges | From $6 per round turn on Forex |
🎁 Bonuses Offered | None |
🖇️ Personalised Services | ✅Yes |
☪️ Swap Free Available | ✅Yes |
HFM Pro Account
The Pro Account is intended for seasoned traders and provides advantageous features such as decreased spreads and higher leverage. It necessitates a large initial deposit, making it ideal for individuals with extensive trading experience and high transaction volume.
💴 Minimum Deposit | 1,900 ZAR |
📈 Spreads | From 0.5 pips EUR/USD |
📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
📊 Trading Instruments | All |
📌 Execution | Market |
📍 Maximum Leverage Ratio | 1:2000 |
💹 Minimum Trade Size | 0.01 lots |
▶️ Maximum Trade Size | 60 lots |
⏩ Maximum Open Orders | 500 |
↪️ Margin Call (%) | 50% |
⛔ Stop-Out (%) | 20% |
🪙 Account Base Currency | Depends on the region |
👤 Personal Account Manager | ✅Yes |
💷 Commission Charges | None |
🎁 Bonuses Offered | None |
🗂️ Personalised Services | ✅Yes |
☪️ Swap Free Available | ✅Yes |
HFM Demo Account
The HFM demo account closely reflects the key values of Honesty, Openness, and Transparency by simulating a real trading environment based on actual market conditions. It is an excellent resource for traders of all skill levels, including novices, seasoned traders, copy traders, and algorithmic traders.
This demo account is free to use and provides a view into real-world market circumstances. Traders can access a diverse selection of marketplaces, employ a variety of technical indicators, and monitor real-time prices.
This demo account stands out due to its high level of customization. It supports algorithmic trading (EAs), configurable account balances, and demo account creation.
This adaptability allows traders to personalize their experience based on their unique demands and trading tactics. To get the most out of the HFM demo account, traders should use it daily, treating it as an actual portfolio. It is critical that the demo account settings closely mirror the expected live deposits.
Furthermore, traders are urged to practice risk management in the same way that they would with live accounts, as well as experiment with different settings to fine-tune their methods.
HFM Islamic Account
HFM’s Islamic Account provides a one-of-a-kind trading option for Sharia-compliant clients with swap-free trading circumstances. This account type was created expressly to adhere to Islamic financial norms, which restrict earning interest on trades.
As a result, HFM ensures that no swap or rollover interest is levied on overnight positions. However, while the Islamic Account avoids typical swap costs, certain instruments may incur Carry Charges if a position is held open and rolled over for several days.
Interestingly, HFM extends swap-free trading terms to clients who do not necessarily follow Sharia law but are interested in trading specific securities under these terms.
These instruments include significant forex pairings such as AUDNZD, AUDUSD, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, and commodities such as USOIL and UKOIL, as well as currency pairs such as AUDCHF, AUDJPY, EURAUD, and others.
This comprehensive strategy allows more traders to profit from swap-free trading on these products. Traders who use the Islamic Account or swap-free conditions on specific instruments should concentrate on intraday trading and have a small number of overnight holdings.
Furthermore, HFM actively analyses trade history on trading instruments to guarantee that swap-free conditions are used correctly. This monitoring is critical to preventing the swap-free functionality from being abused.
Pros and Cons HFM Account Types and Features
✅ Pros | ❎ Cons |
HFM offers flexible account types suited to different traders | The spreads on commission-free accounts are higher than other brokers offering similar accounts |
Can I switch between HFM account types?
Yes, you can switch between account types, albeit some restrictions may apply.
Do all HFM accounts have access to all trading platforms?
Yes, all account types have general access to HFM’s trading platforms.
How to Open and Close an HFM Account
To open an account with HFM, South Africans can follow these steps:
- ✅ Visit the official HFM website. The account opening portal and all pertinent information can be found on this page.
- ✅ Determining the account type that you desire to open. HFM provides various account categories, including Islamic, Cent, Premium, Zero, and Pro accounts. Choose the one whose features and requirements correspond most closely with your trading manner and level of expertise.
- ✅ Proceed by clicking “Open Live Account” and completing the required registration fields. Personal information such as one’s name, email address, phone number, and date of birth are generally necessary.
- ✅ To adhere to financial regulations, HFM will demand proof of your identity and place of residence. Typically, this requires a recent utility bill or bank statement and a copy of your identification or passport as proof of address.
- ✅ After your account has been verified, funds can be deposited into it. HFM accepts various payment methods, including debit and credit cards and bank remittances. Select the option that provides the greatest convenience for you.
- ✅ Install onto your computer or mobile device the trading platform HFM supports, such as MetaTrader 4 or MetaTrader 5.
- ✅ After setting up and funding your account, you may now commence trading.
To close a live trading account with HFM, South African traders can follow these steps:
- ✅ Before terminating your account, ensure that any remaining funds have been withdrawn. You may initiate a withdrawal request to your bank account or another favored method via the HFM client portal.
- ✅ Contact HFM customer support to communicate your desire to terminate your account. Communicating this through live messaging, phone, or email is customary.
- ✅ Customer service may request information regarding your account and the reason for its closure. Be ready to provide any information that may be requested.
- ✅ Observe any further directives or procedures that the customer support staff may provide. This may involve providing identification or completing a form.
HFM will process your request and confirm that your account has been effectively closed once all requirements have been met.
Is the HFM account opening process fully digital?
Yes, the account opening process is entirely digital and can be performed entirely online.
Do I need to provide any documents for HFM account verification?
Yes, you must provide identity and evidence of residency to verify your account.
Is there a fee for closing a HFM account?
No, HFM does not charge a fee when you close your account.
Do I need to close all my open positions before closing my HFM account?
Yes, before requesting account closure, you should close all open positions.
HFM Base Account Currencies and Basic Order Types
The base account currencies available to South Africans include the following:
- ✅ USD
- ✅ EUR
- ✅ NGN
- ✅ ZAR
HFM Basic Order Types include:
- ✅ A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅ A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
HFM MAM / PAMM Features
HFM offers an exclusive opportunity for South Africans interested in PAMM accounts (Percentage Allocation Money Management) through HF Markets (SV) Ltd.
This one-of-a-kind solution allows South African investors to allocate assets to skilled PAMM Fund Managers who would trade on their behalf in exchange for a predetermined “Success Fee.”
Investors in South Africa can choose between two types of PAMM accounts: Premium and Premium Plus, both of which can be accessed via the MT4 platform.
The Premium account has spreads starting at 1.1 pips, while the Premium Plus account has spreads starting at 0.3. There is a $5 fee for every 100,000 USD exchanged in Premium Plus. Both account types enable leverage of up to 1:300 and allow investment in Forex, commodities, and indices.
These PAMM accounts are intended to assist South African investors and money managers. Money managers can use cash pools to integrate their trading tactics with the interests and aspirations of inexperienced Forex and related market participants.
This creates a win-win situation in which talented managers can assist in the growth of investments while receiving a success fee for their expertise.
Does HFM offer MAM and PAMM accounts?
Yes, HFM offers PAMM solutions to South Africans.
Is there a performance fee for MAM/PAMM accounts?
Yes, HFM has a performance fee.
Social Trading with HFM
HFCopy, a social trading platform, provides South Africans with an innovative and automated approach to trading forex. It is intended to unite traders across geographical and experience barriers, building a community where knowledge and strategies are shared for mutual benefit. The platform is easily accessible through browsers, allowing quick and efficient engagement.
Traders can begin by creating an HFCopy account, validating it, and registering as a Follower or a Strategy Provider.
Followers gain insight into financial markets by mimicking professional traders, preserving complete control over their accounts, and benefiting from the convenience and diversification of tactics. Choosing a Strategy Provider, adding funds, and beginning to duplicate trades are all steps in the process.
On the other hand, strategy providers can demonstrate their trading abilities and earn up to a 50% performance fee. They can also attract followers by presenting their tactics on a performance table, where traders can compare statistics and decide who to follow.
The Financial Sector Conduct Authority (FSCA) in South Africa regulates HFCopy, ensuring transparency and security. The platform has rigorous client acceptance standards, including completing an Appropriateness Test to comprehend the risks associated with trading.
Strategy Providers must also meet specific requirements, such as providing a trading strategy and performance fee and a predefined account leverage of 1:500.
The platform’s structure allows for a maximum of 200 Followers per Strategy Provider, with a $100 minimum opening deposit for Providers and a $25 minimum commitment for Followers.
It emphasizes the significance of recognizing the risks associated with trading and the possibility of differing outcomes for Followers and Providers.
Does HFM offer social trading features?
Yes, HFM has a social trading platform called HFCopy.
Is there a minimum investment for social trading?
Yes, there is a $25 minimum investment for Followers and $100 for Providers.
HFM Trading Platforms
HFM offers South African traders a choice between these trading platforms:
- ✅ MetaTrader 4
- ✅ MetaTrader 5
- ✅ HF App
HFM MetaTrader 4
By integrating HFM with MetaTrader 4 (MT4), South African traders can enjoy a customized trading experience that caters to their needs. MT4 provides users with competitive spreads and leverage options, which is particularly important when dealing with the volatile markets of Africa.
With HFM’s MT4 platform, one gains access to an extensive range of financial products such as currencies, commodities, and indices – thereby enabling greater diversity in trading techniques.
This joint effort offers fast execution speeds powered by reliable server performance that supports advanced charting tools and automated trading capabilities through Expert Advisors (EAs).
As a result, this combined initiative plays a crucial role in executing swift deals accurately reflecting prevailing market conditions without any complication whatsoever.
HFM MetaTrader 5
Tailored to meet the ever-changing demands of South African traders, MetaTrader 5 (MT5) on HFM boasts extensive features and capabilities. A diverse range of trading assets, including equities and cryptocurrencies, are available on this platform, reflecting the various investment preferences in South Africa.
Additionally, MT5 provides advanced analytical tools such as technical indicators and graphical objects for a deeper market analysis that is crucial within the complex African financial landscape.
Sophisticated order types and enhanced back-testing functionality allow traders greater precision when testing their methods.
At the same time, economic calendars with real-time news updates keep them well-informed about market occurrences, helping them react faster than before directly from HFM’s MT5 platform.
HF App
The HF App, HFM’s exclusive mobile trading platform, is designed for South African traders on the go. Its user-friendly design provides smooth navigation and trading, essential in today’s fast-paced financial markets.
Market news and analysis are provided in real-time, keeping South African traders informed and responsive to market moves.
Furthermore, integrating the app with HFM’s trading tools and services enables a unified trading experience. The HF App is an essential tool in the trading arsenal of South Africans who seek flexibility and accessibility.
Pros and Cons HFM Trading Platforms
✅ Pros | ❎ Cons |
HFM offers two of the most powerful trading platforms to South Africans | HFM does not offer a web-based or desktop version of its proprietary software |
There is perfect account synchronisation across accounts and platforms | HFM does not offer cTrader or other third-party platforms |
What trading platforms does HFM offer?
MetaTrader 4, MetaTrader 5, and the HFM App are all available from HFM.
Is the HFM App available on both Android and iOS?
Yes, the HFM App is available for both Android and iOS devices.
Which Markets Can You Trade with HFM?
South African traders can expect the following range of markets from HFM:
- ✅ Precious Metals
- ✅ Energies
- ✅ Spot Indices
- ✅ Futures Indices
- ✅ Stock CFDs
- ✅ Commodities
- ✅ Cryptocurrencies
- ✅ Bonds
- ✅ ETFs
Financial Instruments and Leverage offered by HFM
🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
📈 Forex | 53 | 1:2000 |
💎 Precious Metals | 6 | Gold: 1:2000 Silver: 1:100 Platinum: Floating Palladium: 1:20 |
📉 ETFs | 33 | 1:5 |
📊 Spot Indices | 11 | 1:200 |
💹 Futures Indices | 12 | 1:200 |
📌 Stock CFDs | 109 | 1:14 |
🪙 Cryptocurrency | 40 | 1:50 |
💡 Energies | 2 | 1:66 |
📍 Bonds | 3 | 1:50 |
🍎 Commodities | 5 | 1:66 |
Broker Comparison for a Range of Markets
🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Vantage Markets |
📈 Forex | ✅Yes | ✅Yes | ✅Yes |
💎 Precious Metals | ✅Yes | ✅Yes | ✅Yes |
📉 ETFs | ✅Yes | None | ✅Yes |
📊 CFDs | ✅Yes | ✅Yes | ✅Yes |
💹 Indices | ✅Yes | ✅Yes | ✅Yes |
📌 Stocks | ✅Yes | ✅Yes | ✅Yes |
🪙 Cryptocurrency | ✅Yes | ✅Yes | ✅Yes |
📍 Options | None | None | None |
💡 Energies | ✅Yes | ✅Yes | ✅Yes |
⚙️ Bonds | ✅Yes | None | ✅Yes |
Pros and Cons HFM Range of Markets
✅ Pros | ❎ Cons |
HFM offers several markets that can be traded according to the account type | HFM’s markets are limited compared to other brokers |
HFM offers negative balance protection on all retail accounts | While negative balance protection is in place, South Africans can still lose their invested capital |
Does HFM offer cryptocurrency trading?
Yes, HFM allows you to trade cryptocurrencies such as Bitcoin.
Is there a market for bonds with HFM?
Yes, HFM offers 3 bonds that can be traded.
HFM Fees, Spreads, and Commissions
HFM Spreads
HFM’s spreads are noticeably tight, particularly on key currency pairs, allowing active forex traders to decrease trading costs drastically. This is especially important in volatile African markets where narrow spreads can differentiate profit and loss.
Below is an overview of typical spreads based on different account types:
- ✅ Cent Account – Starting from 1.2 pips
- ✅ Premium Account – Starting from 1.2 pips
- ✅ Zero Account – Starting from 0.0 pips
- ✅ Pro Account – 0.5 pips
South African traders can expect average spreads for different financial instruments offered by HFM:
🔎 Instrument | ↪️ Average Spread |
💴 EUR/USD | 1.2 pips |
💵 NZD/USD | 2.1 pips |
💶 XAG/USD | 0.03 pips |
💷 XAU/USD | 0.26 pips |
💴 US OIL Spot | 0.06 pips |
💵 US OIL Futures | 0.11 pips |
💶 US Tech 100 Spot | 2.03 pips |
💷 US Tech 100 Futures | 3.13 pips |
💴 Volatility Index SP 500 (VIX.F) | 0.14 pips |
💵 APPLE (NASDAQ – APPLE) | 0.5 pips |
💶 Commodities | From 0.008 (Copper) |
💷 BTC/USD | 12 pips |
💴 Bonds | From 0.05 pips to 0.06 pips |
HFM Commissions
Commissions apply to the HFM Zero Account as outlined below.
Forex:
📈 Trade Size | 1,000 | 10,000 | 100,000 |
📉 Per Side | $0.03 | $0.3 | $3 |
📊 Round Turn | $0.06 | $0.6 | $6 |
Gold:
📈 Trade Size | 1 Ounce | 10 Ounces | 100 Ounces |
📉 Per Side | $0.07 | $0.7 | $7 |
📊 Round Turn | $0.14 | $1.4 | $14 |
HFM Overnight Fees
In South Africa, HFM charges overnight fees, sometimes known as swaps, that are decided by market conditions and prices obtained from price suppliers. The following is a breakdown of the overnight fees for various asset classes.
Individual Stocks
Daily swaps for individual stocks are calculated using current market conditions and rates from price suppliers. These swaps apply to all positions, and triple swaps are applied on Wednesdays.
Precious Metals (XAU and XAG)
Daily swaps in precious metals such as gold (XAU) and silver (XAG) are responsive to market fluctuations and rates offered by price suppliers. Wednesdays are when triple swaps are used. It is worth mentioning that XAU and XAG swaps are stated as 1 pip per lot.
Energy
Energy assets, such as USOil and UKOil, have daily swaps that change according to market conditions and price provider rates. On Wednesdays, triple swaps are applied, and swaps for USOil and UKOil are denominated in US Dollars.
Other Instruments (Indices, Bonds, DMA Stocks, ETFs, Cryptocurrencies)
The daily swap rates for indices, bonds, DMA stocks, ETFs, and cryptocurrencies are adjusted based on market conditions and rates collected from price sources. All positions involving these instruments are susceptible to these swaps, which are quadrupled on Fridays.
HFM Deposit and Withdrawal Fees
At HFM, all deposit and withdrawal methods are guaranteed free of charge. However, it should be mentioned that any deposits over $100 will not incur bank wire transfer fees.
For traders located in South Africa, bank wire transfers for deposits under 100 ZAR may involve additional charges.
HFM Inactivity Fees
HFM charges inactivity fees on accounts that have become dormant after 6 months. The monthly fee payable on these accounts will automatically be subtracted from the account balance, which is 5 USD.
HFM Currency Conversion Fees
If traders deposit or withdraw in currencies different from their account’s base currency, they will pay currency conversion fees.
Pros and Cons HFM Trading and Non-Trading Fees
✅ Pros | ❎ Cons |
HFM is extremely transparent regarding all trading and non-trading fees | The spreads on commission-free accounts are higher than those of other brokers who offer similar accounts and trading conditions |
Deposits above R100 do not incur any fees | Deposits and withdrawals below 100 ZAR incur fees |
HFM offers commission-free trading to South Africans | Inactivity fees apply to dormant accounts |
Is there a commission for the Zero Account?
Yes, commissions are charged on the HFM Zero Account.
Are there inactivity fees with HFM?
Yes, dormant accounts are subject to a $5 inactivity fee after 6 months.
HFM Deposits and Withdrawals
HFM offers South African traders the following deposit and withdrawal methods:
- ✅ Bank Wire Transfer
- ✅ Electronic Transfer
- ✅ Credit Card
- ✅ Debit Card
- ✅ Skrill
HFM Deposit Currencies, Deposit and Withdrawal Processing Times
🔎 Payment Method | ⏰ Deposit Processing | ⏱️ Withdrawal Processing | 💴 Max Deposit | 💵 Min Withdrawal |
📈 Bank Wire Transfer | 2 to 7 working days | 2 to 10 working days | Unlimited | 100 USD |
📉 Electronic Transfer | Up to 10 min | Up to 2 working days | 10,000 USD | 10 USD or 70 ZAR |
📊 Credit Card | Up to 10 min | 2 to 10 working days | 10,000 USD | 5 USD |
💹 Debit Card | Up to 10 min | 2 to 10 working days | 10,000 USD | 5 USD |
▶️ Skrill | Up to 10 min | Up to 10 Min | 10,000 USD | 5 USD |
Broker Comparison: Deposit and Withdrawals
🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Vantage Markets |
⏰ Minimum Withdrawal Time | 10 Minutes | 1 working day | Instant |
⏱️ Maximum Estimated Withdrawal Time | 10 business days | 5 working days | 3 – 5 working days |
⏲️ Instant Deposits and Instant Withdrawals | None | ✅Yes | ✅Yes |
Pros and Cons HFM Deposits and Withdrawals
✅ Pros | ❎ Cons |
South Africans can deposit and withdraw in ZAR | Traders depositing less than 100 ZAR face deposit fees |
There are flexible and reliable deposit and withdrawal methods available | HFM does not publish comprehensive information about deposits and withdrawals |
Deposits over R100 do not incur fees, and withdrawals are free | HFM does not have instant deposits or withdrawals |
HFM segregates all client funds and keeps them in accounts with top-tier banks | There are minimum withdrawal amount limits |
What are the available HFM deposit methods?
Deposit methods include credit/debit cards, bank wire transfers, and e-wallets.
How long do HFM deposits take?
Deposits by credit/debit card are instant to 10 minutes, bank wire transfers take 2-7 business days, and e-wallets take up to 10 minutes.
How to make a Deposit with HFM
To deposit funds to an account with HFM, South African traders can follow these steps:
- ✅ Log into your HFM trading account by entering your credentials.
- ✅ After logging in, navigate to the ‘Deposit’ option and select it. You will then be directed to the deposit interface.
- ✅ HFM accepts various deposit methods, including electronic transfer, credit card, debit card, and Skrill transfers.
- ✅ Enter the desired deposit amount in your trading account.
To complete the deposit, adhere to the on-screen guidance provided by HFM. Further information or actions may be required during the verification process, contingent upon the deposit method selected. Verify the accuracy of every detail before finalizing the transaction.
To withdraw funds from an account with HFM, South African traders can follow these steps:
- ✅ Log into your HFM trading account.
- ✅ After accessing your account, navigate to the ‘Withdrawal’ section and select it.
- ✅ Select the withdrawal method that best meets your requirements and preferences.
- ✅ Provide the precise sum that you wish to withdraw from your trading account.
As per the security protocols of HFM, you might be required to complete additional verification steps to finalize the withdrawal procedure. Once verified, the withdrawal request must be confirmed. Verify the accuracy of all information to prevent any complications or delays with your withdrawal.
How long do HFM Withdrawals take?
The duration HFM requires to execute withdrawals is determined by the method employed. Electronic transfers are relatively fast, taking up to 48 hours before completion.
Processing debit cards, credit cards, and Skrill withdrawal requests can take up to ten business days while Bank Wire Transfers could take between 2-10 workdays.
Is there a minimum withdrawal amount with HFM?
Yes, each withdrawal method has a minimum withdrawal amount.
What currencies can I withdraw from HFM?
You can withdraw in several currencies, including ZAR.
How long do HFM Deposits take?
The processing time for HFM deposits depends on the chosen method. Electronic transfers, credit and debit cards, or Skrill transactions are processed rapidly and typically take 10 minutes, giving quick access to trading capital.
However, Bank Wire Transfers may require between 2-7 business days which should be considered when planning any trades on our platform.
Is there a deposit confirmation process with HFM?
Yes, you will receive a confirmation email if the deposit is successful.
Is there a deposit bonus from HFM?
Yes, HFM provides a Boosted Balance incentive, which adds a 20% incentive to all deposits.
HFM Education and Research
HFM offers the following Educational Materials to South African traders:
- ✅ HFM Educational Videos
- ✅ Training Course Videos
- ✅ Forex Education
- ✅ eCourses
- ✅ Live Webinars
- ✅ Events
and much, MUCH more!
HFM also offers South African traders the following additional Research and Trading Tools:
- ✅ HF App
- ✅ VPS Hosting Services
- ✅ Premium Trader Tools
- ✅ AutoChartist Tools
- ✅ Trading Calculators
- ✅ myHF Client Area
- ✅ Advanced Insights
- ✅ Economic Calendar
- ✅ Traders’ Board
- ✅ Auto Trading through MQL5
and much, MUCH more!
Research and Trading Tool Comparison
🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Vantage Markets |
📈 Economic Calendar | ✅Yes | ✅Yes | ✅Yes |
📉 VPS | ✅Yes | ✅Yes | ✅Yes |
📊 AutoChartist | ✅Yes | None | ✅Yes |
📈 Trading View | None | None | ✅Yes |
📉 Trading Central | None | ✅Yes | ✅Yes |
📊 Market Analysis | ✅Yes | ✅Yes | ✅Yes |
📈 News Feed | ✅Yes | ✅Yes | ✅Yes |
📉 Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons – HFM Education and Research
✅ Pros | ❎ Cons |
HFM offers a decent educational section for beginners | HFM does not provide AutoChartist |
What research tools are available from HFM?
HFM offers a variety of research tools, such as market analysis and trading signals.
Are the HFM educational resources free?
Yes, all instructional resources are provided free of charge to HFM clients.
HFM Customer Support
🔎 Customer Support | 💙 HFM Customer Support |
⏰ Operating Hours | 24/5 |
▶️ Support Languages | Multilingual |
🥰 Live Chat | ✅Yes |
💌 Email Address | support@hfm.com |
☎️ Telephonic Support | ✅Yes |
5️⃣ The overall quality of HFM Support | 4/5 |
Pros and Cons – HFM Customer Support
✅ Pros | ❎ Cons |
HFM is a reputable broker and offers excellent customer support to South Africans | HFM does not offer 24/7 customer support |
Is the HFM support team multilingual?
Yes, HFM provides customer service in a variety of languages.
Is there a FAQ section on the HFM website?
Yes, HFM’s website includes an extensive FAQ area.
HFM Sponsorships
HFM’s extensive track record of varied sponsorships demonstrates their unwavering dedication to excellence in many domains. They proudly collaborated with Paris Saint-Germain FC, a highly successful football club in France, from 2025 to 2025.
Concurrently, they provided traders with an extensive guide to improve their trading abilities. HFM and Santos e-Sports forged an innovative partnership in 2019 that established an unprecedented connection between the commerce and e-sports industries.
In addition, their support for motorsport has been consistent; they have sponsored Tio Ellinas, a Cypriot competitor, in numerous prestigious events, such as the Formula Renault 3.5 Series and the Porsche Mobil 1 Supercup.
Furthermore, HFM actively participated in athletic competitions, including the European Universities Beach Volleyball Championship 2015.
HFM Corporate Social Responsibility
HFM exemplifies its dedication to Corporate Social Responsibility through impactful initiatives.
- ✅ Their support for the World Health Organization in combating COVID-19 manifested as significant financial contributions and coordinated efforts towards reducing the pandemic’s impact on vulnerable regions.
- ✅ Collaborating with The Rainforest Alliance, HFM shows its commitment to environmental preservation by aiding indigenous communities against Amazon rainforest fires.
- ✅ They reinforce local societies’ growth by partnering with the Larnaca Lions Club area branch of Lions Club International through financial pledges that benefit young lives.
- ✅ As a result of their delightful holiday program offering monetary aid and positive encouragement, youth from Cyprus created lasting memories while enjoying well-deserved vacations.
These activities showcase HFM’s unwavering devotion to creating beneficial social influence within various domains beyond just economic success alone.
HFM Cashback Rebates Features and Conditions
HFM provides a lucrative opportunity for South African traders and affiliates through its extensive forex reward and affiliate program.
The program is meant to pay out lucrative commissions to affiliates based on the trading actions of their suggested clients. In essence, affiliates can earn up to $6 per lot when their clients trade in Metals, Indices, Oil, Commodities, and US Shares using Premium or Micro Accounts and $3 per lot with a Zero Account.
Furthermore, affiliates can earn up to 60% of the pip value on Forex trades, emphasizing the program’s profitability.
The affiliate program’s commission structure changes depending on the financial products transacted. Affiliates, for example, get a fixed commission of $6 per lot on Gold trades and $1 per lot on Indices, Oil, Commodities, and US Shares trades.
HFM offers an Automatic Rebate System, which allows affiliates to collect their commissions automatically, removing the need for human processing. Commissions are paid weekly on Wednesdays, guaranteeing affiliates receive prompt and consistent revenue.
HFM’s affiliate program is built on transparency. Affiliates are given clear, thorough information about the trading activity of their suggested clients, as well as the associated commissions.
What is HFM’s cashback rebate program?
HFM provides cashback rebates, allowing affiliates to earn from $3 to $6 on qualifying trades on most instruments and up to 60% pip value on forex.
What is the HFM RevShare+ initiative?
Affiliates can earn monthly bonuses and regular commissions based on particular KPIs with RevShare+.
HFM VPS Review
HFM has formed a relationship with Beeks Financial Cloud, a leader in financial technology services, in its quest for innovation and outstanding service.
This agreement strategically provides powerful VPS (Virtual Private Server) hosting options to South African traders to improve their trading experience. Beeks Financial Cloud’s large network, which spans nine international data centers, offers quick reaction times and dependable connectivity, which is critical for traders who require reliable and fast transaction execution.
The fundamental goal of this collaboration is to deliver stable VPS and infrastructure solutions that dramatically reduce delays, which is critical for traders who use automated trading systems or engage in high-frequency trading.
South African traders can utilize HFM’s VPS services for free if they meet specific deposit and trading volume requirements. This is an appealing offering for traders who want to take advantage of the benefits of a VPS without paying additional fees.
HFM offers paid VPS options starting at $30 per month for those who require more advanced features or higher resource allocations, allowing traders to select the solution that best fits their trading style and needs.
Because of this flexibility and service quality, HFM’s VPS offering is a great tool for South African traders looking to optimize their trading environment.
What is HFM’s VPS service?
HFM provides Virtual Private Server (VPS) hosting, which gives clients dedicated server space and a set number of resources.
Is HFM’s VPS hosting cost-effective?
Yes, HFM’s VPS hosting is affordable, starting from $30 monthly.
HFM Web Traffic Report, Geographic Reach, Limitations, and, Best Countries by Traders
🌎 Global Rank | 34,437 |
🚩 Country Rank | 435 |
📈 Category Rank | 368 |
📉 Total Visits | 1.6 million |
📊 Bounce Rate | 38.75% |
💹 Pages per Visit | 5.77 |
⏰ Average Duration of Visit | 00:07:33 |
HFM’s Current Expansion Focus
HFM is currently expanding globally across Asia, Africa, Europe, etc.
Countries not accepted by HFM
HFM does not accept clients from these countries:
- ✅ The United States
- ✅ Canada
- ✅ North Korea
- ✅ Syria
- ✅ Sudan
Popularity among South African traders who choose HFM
HFM is one of the Top 5 forex and CFD brokers for South African traders.
HFM Best Countries by Traders
🌎 Country | 📈 Market Share |
🥇 Nigeria | 13.58% |
🥈 Japan | 11.09% |
🥉 Malaysia | 10.53% |
🏅 South Africa | 10.31% |
🎖️ Indonesia | 7.57% |
Can traders from Africa use HFM?
Yes, HFM provides its services to traders in many African countries, including South Africa.
Does HFM offer services in multiple languages?
Yes, to serve its global clientele, HFM’s platform is available in several languages.
HFM vs XM vs Vantage Markets – A Comparison
🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Vantage Markets |
📈 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | CIMA, VFSC, FSCA, ASIC |
💴 Withdrawal Fee | None | None | ✅Yes |
🆓 Demo Account | ✅Yes | ✅Yes | ✅Yes |
💵 Min Deposit | 0 ZAR | 94 ZAR | 940 ZAR |
📉 Leverage | 1:2000 | 1:1000 | 1:500 |
📊 Spread | 0.0 pips | 0.7 pips | From 0.0 pips |
💷 Commissions | $6 per round turn | $1 to $9 | From $3 |
💹 Order Execution | Market | Market, Instant | Market |
🎁 No-Deposit Bonus | None | None | None |
🪙 Cent Accounts | None | None | None |
📌 FSCA Regulation | None | ✅Yes | None |
💰 ZAR Deposits | ✅Yes | ✅Yes | ✅Yes |
📍 ZAR Account | None | ✅Yes | None |
⏰ Customer Service Hours | 24/5 | 24/7 | 24/5 |
🔟 Retail Investor Accounts | 4 | 4 | 5 |
☪️ Islamic Account | ✅Yes | ✅Yes | ✅Yes |
📈 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
📉 Maximum Trade Size | 500 lots | 100 lots | Unlimited |
⏱️ Minimum Withdrawal Time | 10 Minutes | 1 working day | Instant |
⏲️ Maximum Estimated Withdrawal Time | 10 business days | 5 working days | 3 – 5 working days |
⌚ Instant Deposits and Instant Withdrawals | None | ✅Yes | ✅Yes |
HFM Alternatives
🥇 IronFX
IronFX caters to South African traders by offering a comprehensive choice of trading instruments such as forex, commodities, and indices. Its competitive spreads and leverage options appeal to various trading techniques. IronFX also prioritizes educational resources and customer assistance, making it an excellent choice for beginner and seasoned South African traders.
🥈 Equiti
With its small spreads, no commission on Standard accounts, and a strong focus on transparency and regulatory compliance, Equiti stands out in the South African market. Equiti’s dedication to education and customer service, combined with its user-friendly interface, makes it a dependable option for traders of all levels.
🥉 RoboForex
RoboForex provides a technologically advanced trading environment with access to over 12,000 instruments, including currency, equities, and cryptocurrencies, for South African traders. The integration of RoboForex with MetaTrader 4 and 5 and cTrader provides a diverse platform experience. Furthermore, its emphasis on automated trading solutions and bonuses makes it appealing to beginner and seasoned traders.
Our Experience with HFM
As South Africans experimenting with Forex trading, our experience with HFM (HotForex) has been overwhelmingly favorable.
HFM distinguishes itself in the congested Forex market by offering a user-friendly interface and a diverse variety of trading instruments to both novice and experienced traders.
The platform’s dedication to delivering instructional tools and market research is especially valuable for South African traders who are new to Forex or want to broaden their knowledge.
Furthermore, trading in ZAR as a base currency is a big benefit, simplifying the trading process and lowering currency conversion expenses.
HFM Trading Platform
In our experience, HFM provides a strong and versatile trading platform, principally via MetaTrader 4 and MetaTrader 5. These platforms are well-known for their dependability and comprehensive features, which include powerful charting tools, automated trading, and a wide range of technical indicators.
This means access to a world-class, intuitive, and powerful trading environment for South African traders. The HF App extends the trading experience further by allowing you to trade on the go, which is vital in today’s fast-paced trading market.
Because these systems are seamlessly integrated, South African traders may easily manage their portfolios regardless of location or device.
Quality of Customer Service
The level of customer service at HFM is excellent. They assist in various languages, a huge advantage for South African traders who prefer advice in their local language.
The customer care team is competent and attentive, offering prompt and helpful assistance with various concerns ranging from technical questions to account administration.
Local phone support in South Africa and email and live chat options ensure that traders can readily acquire the help they require. This excellent degree of customer service improves the overall trading experience at HFM, making it a trustworthy option for South African traders.
Recommendations according to our in-depth review of HFM
Recommendations according to our in-depth review of HFM:
- ✅ Creating bonuses and promotions tailored to South African traders’ requirements and interests could increase the platform’s attractiveness and user engagement.
- ✅ Increasing customer service choices and hiring support professionals familiar with the South African market could provide more specialized help to local traders.
- ✅ Streamlining deposit and withdrawal processes, particularly for local bank transactions, would improve the user experience.
- ✅ HFM’s presence and appeal in South Africa could be increased through events, seminars, or partnerships with local financial institutions.
- ✅ Offering training tools and trading seminars tailored particularly to the South African market would assist traders in better understanding local market dynamics and trading tactics.
- ✅ Spreads and fees should be reviewed and adjusted regularly to remain competitive in the South African market. This will attract and retain more traders.
HFM Customer Reviews
✅ Satisfied Customer.
HFM has completely satisfied me. The withdrawal of funds to my Visa card is quick, which is excellent. In comparison to many other brokers in the industry, HFM outperforms. I anxiously await further collaboration, particularly in trade-related areas. – Daniel Coetzee
✅ Great Customer Service.
My contacts with HFM’s customer service, especially with Varun, have been positive. He consistently fulfills my needs and provides sound counsel. Furthermore, my experience with funding and withdrawals at HFM has been simple and convenient, which has increased my overall ease of doing business with them. – Aiden Nxumalo
✅ Top Broker!
HFM stands out substantially among the market’s numerous brokers. Given the intricacies of trading, HFM shines by delivering various user-friendly trading tools that significantly improve the trading experience. Their customer service’s swift and competent response in critical situations deserves special mention. Their dedication to guiding clients to successful trading appears to be a main goal. It is also worth noting that withdrawal processes are completed wonderfully timely. – Samuel Grobler
Pros and Cons of Trading with HFM
✅ Pros | ❎ Cons |
HFM offers leverage of up to 1:2000 to traders, along with negative balance protection | For those new to trading, advanced capabilities on the MT4 and MT5 platforms may have a steep learning curve |
South Africans can expect zero-pip spreads and competitive commission fees | HFM’s promotional and bonus systems may not be as appealing or simple as those provided by other competitors |
South Africans can choose between MetaTrader 4 or 5 across devices and account types | The high leverage provided may present a substantial risk |
The FSCA regulates brokers in South Africa to guarantee compliance with local financial regulations and procedures | Individuals interested in alternative investment vehicles such as equities or bonds may find the broker's emphasis on forex and CFDs unappealing |
Conclusion
Per our findings, HFM stands out as a reliable and adaptable trading platform, especially for South African traders. Its account types, which include Premium, Micro, and Zero-spread accounts, cater to a wide range of trading styles and preferences.
According to our research, HFM’s connectivity with MetaTrader 4 and MetaTrader 5 and the user-friendly HF App provide enhanced tools and capabilities to traders, improving their trading experience. Furthermore, the extensive affiliate program, which offers hefty rebates and fees, is a big highlight.
This component of HFM is especially appealing to people wishing to supplement their income through recommendations. Furthermore, the variety of deposit and withdrawal methods, such as bank wire transfer, electronic transfer, and e-wallet choices, such as Skrill, provides ease for South African users.
Disclaimer: Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. You should not start investing capital that you cannot afford to lose, because you could incur a loss of part or your entire original investment.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice and traders are urged to seek professional financial advice before making any investment or trading decisions.
Frequently Asked Questions
Does HFM offer a demo account?
Yes, HFM provides a demo account for traders to test, fine-tune, compare, assess, and bug-fix trading methods and solutions.
Can HFM be trusted?
Yes, HFM has been in South Africa for a long time and has a solid reputation.
Is HFM suitable for novice traders from South Africa?
Yes, HFM provides optimal trading conditions and good teaching resources and tools, making it suitable for beginners.
What trading platforms does HFM offer?
HFM provides the HFM platform, as well as MT4 and MT5.
Does HFM have VIX 75?
Yes, HFM offers South Africans access to VIX 75, with spreads from as low as 0.14 pips.
How long does it take to withdraw from HFM?
Withdrawals take from 10 minutes up to 10 days, depending on the payment method used.
How do I open an account with HFM?
South Africans can register an account with HFM by visiting the HFM website, filling out the registration form, and following the on-screen instructions.
Is HFM Safe or a Scam?
HFM is one of the safest CFD and Forex brokers in South Africa, with multi-regulations and several global licenses.
Does HFM have Nasdaq 100?
Yes, HFM offers Nasdaq as a CFD on indices. Furthermore, traders can buy and sell Nasdaq shares as CFDs.
Is HFM regulated?
Yes, HFM is extremely well-regulated globally, including by the FSCA in South Africa.
Does HFM offer an Islamic account?
Yes, HFM provides an Islamic account that adheres to Islamic financial rules and does not produce swap interest.
Can I learn trading with HFM?
Yes, HFM provides good trading classes and rich educational content to South African clients.
Very Good
As a trader with over two years of experience, I can confidently say that HFM has been a reliable partner in my trading journey. The platform offers a wide range of instruments, including forex, commodities, indices, and cryptocurrencies, which allows me to diversify my portfolio effectively. The execution speed is impressive, with minimal slippage even during high-volatility periods, which is crucial for my scalping strategy.
The spreads are competitive, especially on the Zero Spread account, and the commission structure is transparent, helping me keep my trading costs low. The MetaTrader 4 and 5 platforms are stable, and I appreciate the added tools like the HFM App and the premium analytics, which provide valuable market insights.
Customer support is responsive and knowledgeable, resolving any issues promptly. Overall, HFM has been instrumental in helping me achieve consistent profits, and I highly recommend it to both new and experienced traders.
Competitive broker with low fees
Well-regulated global broker with low rates and fees, offers wide range of markets & trading tools. Needs more in-depth training material for beginners.
Response from SA Shares
We appreciate you taking the time to share your thoughts and experience with us.
Very comprehensive and interesting
Very comprehensive and interesting
Response from SA Shares
Thank you for your feedback! We appreciate your support.
excellent broker
3 years in i believe they are still among the top 3 out there, very good support and variety of services offered, very good number of tradeable assets offered in addition to crypto
Response from SA Shares
We appreciate your thoughtful feedback. Thank you!
Trustful boker
I have traded with this broker for over 2 years through a seminar. HFM offers almost everything for a Forex trader to trade. It also has local Account Manager to help you to get started.
Response from SA Shares
Thank you for your kind review! We appreciate your support.
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