HFM Account Types. An up-to-date, actionable broker summary on offers, ranging from demo, pro, and live accounts. It offers 4 flexible regulated trading accounts, namely Premium, Zero, Pro, and HFcopy accounts that serve the purpose of providing traders with a dynamic trading experience that matches their trading needs, objectives, risk, and trading styles.
HFM account types - Key Point Quick Overview
- ☑️Overview
- ☑️HFM Account Types and Features
- ☑️How to Open an HFM Account Step-by-Step
- ☑️HFM at a Glance
- ☑️HFM Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- HFM was founded in 2010 and has its headquarters in Cyprus.
- It is an award-winning forex and commodities broker that provides trading services and facilities to retail and institutional clients.
- Retail, Affiliates, and White Label clients can access various spreads and liquidity via state-of-the-art automated trading platforms in a tailored trading experience.
- The broker focuses on the trading conditions like spread, required time to execute a deal, and account types available to the trader.
HFM Account Types and Features
| 📊 Cent Account | 📊 Zero Account | 📊 Pro Account | 📊 Pro Plus Account | 💹 Premium Account | |
| 🔎 Trading Platforms | MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading | MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading | MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading | MetaTrader 4, MetaTrader 5 and Mobile Trading | MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform |
| 💵 Minimum Deposit | $0 / R0 | $0 / R0 | $100 / R1,800 | $250 / R4700 | $0 / R0 |
| 📈 Leverages | 1:2000 | 1:2000 | 1:2000 | 1:2000 | 1:2000 |
| 📉 Spreads | From 1.2 pip | From 0 on Forex and Gold | From 0.5 pip | From 0.2 pip | From 1.2 pip |
| 📎 Commission for forex pairs | No | Yes | No | No | No |
| 📑 Order Executions | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| 🔁 Swap- Free | Yes | Yes | Yes | Yes | Yes |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Cent Account
- Cent Lots: You trade in cent lots, which are 1/100th of a standard lot. You can start trading with as little as $0.01 per pip.
- Low Margin Requirements: The margin requirements are incredibly low, allowing you to open positions with minimal funds.
- No Minimum Deposit: You can start trading without initially depositing any funds.
- Swap-Free Options: Available for traders who follow Islamic trading principles.
Zero Account
- No Minimum Deposit: Traders can start with any amount they choose.
- Raw Spreads: Benefit from the actual market spreads without any added costs.
- Low Commission: A competitive commission structure is applied.
- High Leverage: Up to 1:2000 leverage is available, though using leverage responsibly is important.
Pro Account
- Ultra-low spreads: The Pro Account is characterized by exceptionally tight spreads, which differ between a trading instrument's bid and ask price.
- High leverage: While leverage can amplify profits and losses, the Pro Account often offers higher leverage options than standard accounts.
- No commissions: HFM's Pro Account typically doesn't charge commissions, making it more cost-effective for traders who execute a high volume of trades.
- Swap-free options: Swap-free accounts might be available for traders following Islamic trading principles, eliminating overnight financing charges.
Pro Plus Account
- Ultra-low spreads: Starting from as low as 0.2 pips, Pro Plus accounts provide tight spreads for potentially increased profitability.
- High leverage: Up to 1:2000 leverage (specifics may vary by region) allows for amplified returns but also carries increased risk.
- Swap-free: Suitable for Islamic traders or those who prefer to avoid swap charges.
- No commissions: Traders aren't charged any additional fees beyond the spread.
Premium Account
- Flexibility in Position Sizing: Traders can adjust their trade sizes with a minimum of 0.01 lots and a maximum of 60 lots per trade.
- Swap-Free Trading: Ideal for Muslim traders who adhere to Islamic financial principles.
- No Minimum Deposit: Traders can start with any deposit amount they prefer.
- No Commission: There are no additional charges beyond the spreads.
Islamic Account
- The Swap-Free Islamic Account at HFM has been designed by the platform to serve traders who practice Sharia law.
- The Islamic finance standards are fulfilled by this account type because it removes all fees related to interest and swaps from overnight positions.
- There are multiple swap-free accounts available through HFM that allow flexibility with religious considerations.
| 🔎 Account Option | 📌 Features |
| Islamic Option | Does not generate any swap interest. |
| Follows the principles of Islamic finance. | |
| 📝Sign up | 👉 Open Account |
What account types does HFM offer?
HFM offers Cent, Premium, Zero Spread, Pro, and Islamic accounts, catering to all trading levels and strategies, including swap-free options for Muslim traders.
Can beginners open an account with HFM?
Yes, the Cent Account is ideal for beginners, offering low trade sizes and reduced risk while allowing access to all features and tools.
How to Open an HFM Account Step-by-Step
Step 1 – Complete Your Personal Information.
- The first step is to head to the HFM homepage. Click “Register” on the top right, as shown below, and enter your personal information.
Step 2 – Complete Your HFM Live Account Profile.
- Traders will be required to complete their required personal information for the process to be completed.
Step 3 – Verify Email
- Verify your email account.
Step 4 – Choose a Trading Platform.
- The HFM live trading account verification should generally be completed within minutes of uploading all documentation.
- Once a trader is fully confirmed, they will receive an email notification as confirmation.
- Upload the requested Documents to verify your chosen HFM Markets Live Account.
- Traders must upload the requested documentation before selecting a Forex trading platform.
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HFM At a Glance
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 500+ |
| 👩💻Amount of active traders | 300,500 000 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️HFM Group Regulation | FSCA, FCA, FSA, CMA |
| 🌎Country of regulation | Kenya, St Vincent & the Grenadines, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Premium Account, Zero Spread Account, Pro Account, Premium Account, Cent Account, Copy Trading Account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
| 💰Minimum Deposit | 0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant. Depending on chosen payment method. |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | No swap fees. Terms and conditions apply. |
| 📈Leverage | Up to 1:2000. Varies according to region. |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 500+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Credit/debit cards, bank transfers, electronic wallets. |
| Trading Platforms and Tools | |
| 💻Trading Platforms | HFM Platform, MT4, MT5 |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@hfm.com |
| 📞Customer Support Contact Number | +44-203 097 85 71 |
| 👾Social media Platforms | Facebook, X, Instagram |
| 🗣️Languages supported on Website | 27 languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 41 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 📝Sign up | 👉 Open Account |
Customer Reviews
- HFM supports the best part of an overall trading experience, it provides extensive educational information and market analysis, and 24/5 multilingual customer support.
- In all honesty, HFM gets really good reviews from customers and quite nice ratings on several platforms.
- Traders love its platforms, spread anywhere, and due to the wide assortment of trading instruments such as forex, commodities, and indices, apart from some cryptos.
- HFM also steps up when it comes to customer service, which is often described as multilingual and speedy, with respectful behavior, since the broker designs it so that everyone, from the newbie to the most experienced, can use it.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 4.5/5 |
| 👏Customer Satisfaction | High |
| 📞Customer Service | 24/5 Multilingual Support |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Generally positive reviews highlighting a user-friendly platform, responsive customer service, and reliable execution. Some long-term users express satisfaction with the broker's services. However, a few users have reported issues related to account performance. | 4.5 / 5 |
 | Mixed feedback. Some users praise HFM for its reliable platform and regulation, while others report serious issues, including profit cancellations and account closures. These negative experiences raise concerns about the broker's practices. | 2.5 / 5 |
 | Mixed reviews with an average rating of 3.4 stars from 108 reviews. While some customers are satisfied with the platform's features and services, others have reported issues related to fund recovery and account management. | 3.4 / 5 |
 | Mixed feedback with an average rating of 2.9. Some users appreciate the platform's user-friendly interface, while others have raised concerns about account issues and customer support responsiveness. | 2.9 / 5 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of markets: Foreign Exchange, Stocks, Cryptocurencies, Gold, Silver, Copper, Government Securities, Mutual Funds, Exchange Traded Funds. | Offshore entities: Some regulations are in less secure offshore zones |
| Negative balance protection: But can’t lose more than its deposit. | No U.S. clients: Not available to U.S. traders |
| Multiple platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile. | Basic research tools: Limited advanced analysis features |
| High leverage: Up to 1:2000 | Fees applicable when the account has been unused |
| Fast execution: Quick trades with low delays | Bonus restrictions: Bonuses vary by region |
| Part of HFM Group, which has strong regulation: FCA, FSCA, FSA, CMA | Transparency on fees: Some fees are less clear, depending on account and region |
Conclusion
HF Markets provides different types of accounts that accommodate trading needs for novice users up to advanced professionals. All traders find their optimal trading conditions at HF Markets through Zero and Islamic accounts for tight spreads, while Premium and Pro accounts enhance flexibility and freedom. Customers can select trading accounts based on their strategy and risk appetite because HF Markets provides accounts with minimal funding requirements and leverage benefits, and account customizations.
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Frequently Asked Questions
What account types does HFM offer?
HFM offers several account types, including Cent, Premium, Zero Spread, Pro, and Islamic accounts. Each account is designed for different trading styles, experience levels, and capital sizes, giving traders flexibility to choose what best suits their needs.
What is the HFM Cent account?
The HFM Cent account is ideal for beginners, allowing trading in smaller lot sizes using cents instead of standard currency units. It helps new traders practice strategies with reduced risk while still experiencing real market conditions and execution.
What is the HFM Premium account?
The Premium account is a standard trading account suitable for most traders. It offers competitive spreads, no commissions on most trades, and access to a wide range of instruments, making it a balanced choice for intermediate and experienced traders.
What is the HFM Zero Spread account?
The Zero Spread account offers raw spreads starting from zero pips, combined with a fixed commission per trade. It is ideal for scalpers and high-frequency traders who prefer tighter spreads and transparent trading costs for precise execution strategies.
What is the HFM Pro account?
The Pro account is designed for advanced traders seeking tighter spreads without commissions. It requires a higher minimum deposit and offers improved trading conditions, making it suitable for professionals who trade larger volumes and require cost efficiency.
Does HFM offer Islamic accounts?
Yes, HFM provides Islamic (swap-free) accounts that comply with Sharia law. These accounts do not charge or pay overnight interest on positions, making them suitable for Muslim traders who require interest-free trading conditions.
What is the minimum deposit for HFM accounts?
The minimum deposit depends on the account type. Cent and Premium accounts typically require lower deposits, while Pro and Zero Spread accounts may require higher funding. This tiered structure allows traders to choose based on budget and experience.
Can I switch between HFM account types?
Yes, HFM allows traders to open multiple accounts and switch between different account types within the same client portal. This flexibility enables traders to test strategies or adapt to changing trading conditions without opening a new profile.
Which HFM account is best for beginners?
The Cent account is generally best for beginners due to its low risk and smaller trade sizes. It allows new traders to gain experience, test strategies, and understand market behavior without committing large amounts of capital initially.
Which HFM account is best for professional traders?
Professional traders often prefer the Pro or Zero Spread accounts. These accounts offer tighter spreads, better execution, and lower trading costs for high-volume trading, making them ideal for advanced strategies like scalping and algorithmic trading.
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