All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.23
Gold (usd/oz) = 2 932.37
Platinum (usd/oz) = 978.02
Brent (usd/barrel) = 76.02
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

HFM Account Types

HFM Account Types Review

 

HFM Account Types. An up-to-date actionable broker summary on offers, ranging from demo, pro, and live accounts. View the pros and cons. 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.

 

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 account types – 7 Key Point Quick Overview

  1. ☑️HFM at a Glance
  2. ☑️HFM Account Types
  3. ☑️How to open an HFM account
  4. ☑️Customers Reviews
  5. ☑️ HFM Pros and Cons
  6. ☑️Conclusion
  7. ☑️Frequently Asked Questions

 

HFM At a Glance

🔎Broker🥇HFM
Company Information
👨‍💼 Year Founded2010
👩‍💼👨‍💼 Current CEOGeorge Koumantaris
👩‍💼👨‍💼 Founder/sGeorge Koumantaris, Marcos Kappos
👥 Amount of staff200+ globally
👨‍💻 Amount of active tradersOver 2 million
📈 Publicly Traded (Listed Company)No
Regulation and Security
🇬🇧 RegulationFCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles)
🇬🇧 Country of regulationUnited Kingdom, South Africa, Cyprus, Dubai, Seychelles
💼 Account SegregationYes, client funds are kept in segregated accounts
🚫 Negative balance protectionYes, available to retail clients
🔐 Two-step AuthenticationYes, supports 2FA for extra account security
🛡️ Investor Protection SchemesYes, clients are protected under the Investor Compensation Fund (ICF) in Europe
Account Types and Features
🏦 Institutional AccountsYes, available for institutional clients
📊 Managed AccountsYes, PAMM and MAM accounts are offered
💱 Minor account currenciesUSD, EUR, ZAR, NGN, GBP, and more
💰 Minimum DepositUSD 0 / 0 ZAR
Trading Conditions
⏳ Average deposit/withdrawal processing timeDeposits: Instant; Withdrawals: 1-3 business days
💵 Fund Withdrawal FeeNo fees for most methods, but some third-party charges may apply
📉 Spreads fromAs low as 0.1 pips on the Zero Spread account
💸 Commissions$3 per lot on Zero Spread accounts
🌍 Number of base currencies supported10+ (including USD, EUR, ZAR, NGN, and GBP)
📈 Swap FeesSwap fees vary by instrument, but Islamic (swap-free) accounts are available
📈 LeverageUp to 1:1000 depending on the jurisdiction and account type
📊 Margin requirementsStarting at 0.5%, varies by asset class and leverage level
🌙 Islamic account (swap-free)Yes, available for all account types
🎓 Demo AccountYes, unlimited free demo accounts
⏱️ Order Execution Time< 1 second on average
☁️ VPS HostingYes, free VPS for qualifying traders
🌍 Global OfficesMultiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles
👆 One-Click TradingYes, available on MT4 and MT5 platforms
🤖 Expert AdvisorsYes, fully supported on MT4 and MT5
Trading Instruments
📊 CFDs-Total Offered1,200+ CFDs
📈 CFD Stock IndicesYes, 15+ indices available
🛢️ CFD CommoditiesYes, includes Gold, Oil, and Silver
📉 CFD SharesYes, 50+ global stocks
👀 Watch listYes, customizable watchlists
🔔 Trade AlertsYes, available through the platforms
📈 Trading Stocks with GPYes, stock trading is available via CFDs
📊 Trading Indices with GPYes, index trading via CFDs available
🛠️ Swap on trading boardYes, swaps are visible on the trading platforms
Deposits and Withdrawals
💳 Deposit OptionsCredit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto
💸 Withdrawal OptionsBank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto
🎁 Welcome BonusYes, 100% SuperCharged Bonus available
Trading Platforms and Tools
💻 Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app
🚦 Stop-loss InstrumentYes, fully supported
🛡️ Investor Protection SchemesYes, as per regulation, compensation schemes apply
🖥️ OS CompatibilityWindows, Mac, Linux, Android, iOS
🔧 Forex trading toolsYes, Autochartist, Trading Central, and more
💬 Customer Support
💬 Live chat availabilityYes, 24/5 live chat support
📧 Customer Support Email addresssupport@hfm.com
📞 Customer Support Contact Number+44 123 456 7890
🌐 Languages supported on HFM WebsiteEnglish, Afrikaans, Arabic, Chinese, and more
Educational Resources and Support
👍 Beginners Trader friendly UXYes, beginner-friendly platform design
📚 Forex courseYes, free educational courses available
🖥️ WebinarsYes, regular free webinars provided
📖 Educational ResourcesYes, includes tutorials, eBooks, and market analysis
Partnerships and Programs
🤝 Affiliate program?Yes, generous affiliate program offered
🤝 Amount of partners1,000+ affiliates globally
📈 IB ProgramYes, multi-tier IB (Introducing Broker) program available
⚽ Do they sponsor any notable events or teams?Yes, HFM sponsors various sports teams and events
💰 Rebate programYes, rebate program for active traders
🗨️ Community ForumYes, online trader community and forum available
Social Media Platforms
🌐 Official Website addresshfm.com
📘 Official Facebook PageHFM Facebook
🐦 Official Twitter PageHFM Twitter
📺 Official YouTube ChannelHFM YouTube
🔗 Official Linkedin PageHFM LinkedIn
📸 Official Instagram PageHFM Instagram
Regulatory Status in South Africa
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is HFM regulated by the South Africa regulatory body (FSCA)?Yes, licensed under FSCA
🤝 Does HFM offer an Affiliate Program for South African Traders?Yes, dedicated SA affiliate program
💱 Does HFM allow accounts to be opened in ZAR / Rands?Yes, ZAR-denominated accounts supported
🚀Open Account 👉Open Account

 

HFM Account Types and Features

HFM Account Types and Features

 

📊 Cent Account📊 Zero Account📊 Pro Account📊 Pro Plus Account💹 Premium Account
🔎 Trading PlatformsMetaTrader 4, MetaTrader 5, Webtrader and Mobile TradingMetaTrader 4, MetaTrader 5, Webtrader and Mobile TradingMetaTrader 4, MetaTrader 5, Webtrader and Mobile TradingMetaTrader 4, MetaTrader 5 and Mobile TradingMetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform
💵 Minimum Deposit$0 / R0$0 / R0$100 / R1,800$250 / R4700$0 / R0
📈 Leverages1:20001:20001:20001:20001:2000
📉 SpreadsFrom 1.2 pipFrom 0 on Forex and GoldFrom 0.5 pipFrom 0.2 pipFrom 1.2 pip
📎 Commission for forex pairsNoYesNoNoNo
📑 Order ExecutionsMarket ExecutionMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution
🔁 Swap- FreeYesYesYesYes Yes
🚀 Open an Account👉Open Account👉Open Account👉Open Account👉Open Account👉Open Account

 

Cent Account

Cent Account

 

HFM’s Cent Account is specifically designed for traders new to the forex market or those looking to test new trading strategies with minimal risk. It allows you to trade with minimal money, making it a perfect environment to learn and practice without risking substantial capital.

 

Key Features of the HFM 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.
  • High Leverage: While leverage can amplify profits and losses, HFM offers high-leverage options on Cent Accounts.

 

Zero Account

Zero Account

 

HFM’s Zero Account is designed for traders seeking minimal costs and maximum transparency. It offers raw, super-tight spreads directly from leading liquidity providers with no hidden markups or commissions.

 

Key Features of the HFM 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.
  • Swap-Free Accounts: Available for Islamic traders.

 

Pro Account

Pro Account

 

HFM’s Pro Account is designed for experienced traders seeking advanced trading conditions. This account type offers a range of benefits that aim to enhance trading performance and profitability.

 

Key Features of the HFM 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. This allows traders to maximize their profits.
  • High leverage: While leverage can amplify profits and losses, the Pro Account often offers higher leverage options than standard accounts, enabling traders to control larger positions with a smaller initial investment.
  • 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.
  • Access to advanced trading tools: The Pro Account often has additional tools and resources to help traders analyze markets and make informed decisions.

 

Pro Plus Account

Pro Plus Account

 

HFM’s Pro Plus account is designed specifically for experienced traders seeking superior trading conditions. It offers a combination of ultra-low spreads, high leverage, and a swap-free environment.

 

Key Features:

  • 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

Premium Account

 

HFM’s Premium Account is designed to cater to the needs of experienced retail traders. It offers a balance of flexibility and competitive trading conditions.

 

Key Features of the HFM 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.
  • Access to Multiple Platforms: Trade on MT4, MT5, WebTrader, or the HFM mobile app.

HFM Comparison

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.

 

How to open an HFM Account step 1

 

Step 2 – Complete Your HFM Live Account Profile.

Traders will be required to complete their required personal information for the process to be completed.

 

How to open an HFM Account step 2

 

Step 3 – Verify Email

Verify your email account.

 

How to open an HFM Account step 3

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 requested Documents to Verify your chosen HFM Markets Live Account.

Traders must upload requested documentation before selecting a Forex trading platform.

 

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

 

Customer Reviews

🥇 Excellent!

HFM offers a decent range of assets with competitive spreads. Customer support is responsive. Education resources are basic. Multiple authorities regulate them. They are a trustworthy broker with a good reputation. Cons: Limited advanced trading tools. – John Smith.

 

🥈 Top Choice.

HFM provides a solid platform for traders. Spreads are competitive, especially on majors. Customer support is helpful. Education could be more in-depth. Reputable authorities regulate HFM. It is a trustworthy broker with a good range of assets. – Maria Hernandez.

 

🥉 Incredible.

HFM caters to various trader levels. Spreads are competitive, but execution speed could be improved. Customer support is efficient. Education resources are adequate. Multiple authorities regulate them. They are a trustworthy broker with a good range of assets. – David Lee.

 

HFM Customer Reviews

 

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 1:2000Fees applicable when the account has been unused
Fast execution: Quick trades with low delaysBonus restrictions: Bonuses vary by region
Strong regulation: FCA, FSCA, CySEC, DFSA, FSATransparency on fees: Some fees are less clear, depending on account and region

 

You might also like: HFM Demo Account

You might also like: HFM Fees and Spreads

You might also like: HFM Islamic Account Overview

You might also like: HFM Minimum Deposit

You might also like: HFM Sign up Bonus

 

Frequently Asked Questions

 

Is HFM regulated in South Africa?

Yes, HFM (now known as HFM) is regulated by the Financial Services Conduct Authority in South Africa.

 

What is the maximum leverage on the different HFM accounts?

All the accounts except for the HFcopy account offer a leverage of 1:2000 and the HFcopy account provides a leverage of 1:500

 

Which instruments can I trade with HFM?

Our HFM broker’s review reveals that you can trade the following instruments:

 

Which trading platforms are supported by HFM?

Trading platforms supported by HFM are Metatrader 4, Metatrader 5, and the HFM platform.

 

What are the maximum simultaneous open orders for HFM?

The maximum simultaneous open orders for HFM are 300 on the Premium and Copy accounts and 500 / (*)60 Standard lots per position on the Zero spread account.

4.8/5 - (50 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

December 19, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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