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
- ☑️HFM at a Glance
- ☑️HFM Account Types
- ☑️How to open an HFM account
- ☑️Customers Reviews
- ☑️ HFM Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
HFM At a Glance
🔎Broker | 🥇HFM |
Company Information | |
👨💼 Year Founded | 2010 |
👩💼👨💼 Current CEO | George Koumantaris |
👩💼👨💼 Founder/s | George Koumantaris, Marcos Kappos |
👥 Amount of staff | 200+ globally |
👨💻 Amount of active traders | Over 2 million |
📈 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🇬🇧 Regulation | FCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles) |
🇬🇧 Country of regulation | United Kingdom, South Africa, Cyprus, Dubai, Seychelles |
💼 Account Segregation | Yes, client funds are kept in segregated accounts |
🚫 Negative balance protection | Yes, available to retail clients |
🔐 Two-step Authentication | Yes, supports 2FA for extra account security |
🛡️ Investor Protection Schemes | Yes, clients are protected under the Investor Compensation Fund (ICF) in Europe |
Account Types and Features | |
🏦 Institutional Accounts | Yes, available for institutional clients |
📊 Managed Accounts | Yes, PAMM and MAM accounts are offered |
💱 Minor account currencies | USD, EUR, ZAR, NGN, GBP, and more |
💰 Minimum Deposit | USD 0 / 0 ZAR |
Trading Conditions | |
⏳ Average deposit/withdrawal processing time | Deposits: Instant; Withdrawals: 1-3 business days |
💵 Fund Withdrawal Fee | No fees for most methods, but some third-party charges may apply |
📉 Spreads from | As low as 0.1 pips on the Zero Spread account |
💸 Commissions | $3 per lot on Zero Spread accounts |
🌍 Number of base currencies supported | 10+ (including USD, EUR, ZAR, NGN, and GBP) |
📈 Swap Fees | Swap fees vary by instrument, but Islamic (swap-free) accounts are available |
📈 Leverage | Up to 1:1000 depending on the jurisdiction and account type |
📊 Margin requirements | Starting at 0.5%, varies by asset class and leverage level |
🌙 Islamic account (swap-free) | Yes, available for all account types |
🎓 Demo Account | Yes, unlimited free demo accounts |
⏱️ Order Execution Time | < 1 second on average |
☁️ VPS Hosting | Yes, free VPS for qualifying traders |
🌍 Global Offices | Multiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles |
👆 One-Click Trading | Yes, available on MT4 and MT5 platforms |
🤖 Expert Advisors | Yes, fully supported on MT4 and MT5 |
Trading Instruments | |
📊 CFDs-Total Offered | 1,200+ CFDs |
📈 CFD Stock Indices | Yes, 15+ indices available |
🛢️ CFD Commodities | Yes, includes Gold, Oil, and Silver |
📉 CFD Shares | Yes, 50+ global stocks |
👀 Watch list | Yes, customizable watchlists |
🔔 Trade Alerts | Yes, available through the platforms |
📈 Trading Stocks with GP | Yes, stock trading is available via CFDs |
📊 Trading Indices with GP | Yes, index trading via CFDs available |
🛠️ Swap on trading board | Yes, swaps are visible on the trading platforms |
Deposits and Withdrawals | |
💳 Deposit Options | Credit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto |
💸 Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto |
🎁 Welcome Bonus | Yes, 100% SuperCharged Bonus available |
Trading Platforms and Tools | |
💻 Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app |
🚦 Stop-loss Instrument | Yes, fully supported |
🛡️ Investor Protection Schemes | Yes, as per regulation, compensation schemes apply |
🖥️ OS Compatibility | Windows, Mac, Linux, Android, iOS |
🔧 Forex trading tools | Yes, Autochartist, Trading Central, and more |
💬 Customer Support | |
💬 Live chat availability | Yes, 24/5 live chat support |
📧 Customer Support Email address | support@hfm.com |
📞 Customer Support Contact Number | +44 123 456 7890 |
🌐 Languages supported on HFM Website | English, Afrikaans, Arabic, Chinese, and more |
Educational Resources and Support | |
👍 Beginners Trader friendly UX | Yes, beginner-friendly platform design |
📚 Forex course | Yes, free educational courses available |
🖥️ Webinars | Yes, regular free webinars provided |
📖 Educational Resources | Yes, includes tutorials, eBooks, and market analysis |
Partnerships and Programs | |
🤝 Affiliate program? | Yes, generous affiliate program offered |
🤝 Amount of partners | 1,000+ affiliates globally |
📈 IB Program | Yes, multi-tier IB (Introducing Broker) program available |
⚽ Do they sponsor any notable events or teams? | Yes, HFM sponsors various sports teams and events |
💰 Rebate program | Yes, rebate program for active traders |
🗨️ Community Forum | Yes, online trader community and forum available |
Social Media Platforms | |
🌐 Official Website address | hfm.com |
📘 Official Facebook Page | HFM Facebook |
🐦 Official Twitter Page | HFM Twitter |
📺 Official YouTube Channel | HFM YouTube |
🔗 Official Linkedin Page | HFM LinkedIn |
📸 Official Instagram Page | HFM 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
📊 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 |
🚀 Open an Account | 👉Open Account | 👉Open Account | 👉Open Account | 👉Open Account | 👉Open 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
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
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
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
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.
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 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.
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 |
Strong regulation: FCA, FSCA, CySEC, DFSA, FSA | Transparency 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:
- Forex
- Commodities
- Bonds
- Shares
- Indices
- Stocks
- CFDs
- Metals
- Energies
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.
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