All Share (J203) = 88 342
Rand / Dollar = 18.57
Rand / Pound = 23.38
Rand / Euro = 19.37
Gold (usd/oz) = 2 936.83
Platinum (usd/oz) = 978.50
Brent (usd/barrel) = 76.67
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

HFM Review

HFM Review

 

Overall, HFM, regulated by the FSCA, can be summarized as a trustworthy and safe broker in South Africa. HFM offers exceptional 24/5 educational support and low spreads. It is regulated by Tier 1 and Tier 2 Trading Bodies. It has a high trust score of 96 out of 99.

 

🛡️ Regulated and trusted by the FSCA.
🛡️ 2821 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦

 

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

  1. 🕷️HFM Spider chart
  2. 💡HFM at a Glance
  3. 📝Overview
  4. Features Offered
  5. ⭐️HFM Customer Reviews and Ratings
  6. 🔒Safety and Security
  7. 🎁HFM Bonus Offers and Promotions
  8. 🤝Affiliate Program
  9. 💰How to open an Affiliate Account with HFM
  10. 👥HFM Account Types and Features
  11. 🔑Step-by-Step Guide: How to open an Account.
  12. 💳Account Deposit and Withdrawal Options
  13. 📊HFM Spreads and Fees
  14. ⚖️Compare Forex Brokers
  15. 💻HFM Trading Platform Comparison
  16. 📲Mobile Use of HFM
  17. 🤖HFM AI Integration
  18. 📖Education
  19. 📘Forex Trading Guides
  20. 🌟Customer Reviews
  21. Pros and Cons
  22. 📜Conclusion
  23. ⚠️Disclaimer
  24. Frequently Asked Questions
  25. 🔗References

 

HFM Spider chart

HFM Spider chart

 

HFM At a Glance

CategoryDetails
Company Information
🏷️Company NameHFM
📍Headquarters LocationCyprus
📅Year Established2010
👤CEO/FounderGeorge Koumantaris
🌐Global Offices Over 10 locations worldwide
🔖Licensing BodyCySEC,
FCA,
FSCA,
DFSA,
FSA
👥Group CompaniesHF Markets Group
🏛️Business ModelECN/STP
🌍Operational Languages20+ languages
🏆Awards & RecognitionsMultiple awards in trading and service
Regulation and Security
🛡️RegulationFCA (UK),
FSCA (South Africa), CySEC (Cyprus),
DFSA (Dubai),
FSA (Seychelles)
✔️Compliance StandardsStrict adherence to regulations
💼Client Fund Segregation Yes
🪫Negative balance protectionYes
🕵️‍♂️Financial Conduct OversightRegular audits and monitoring
💰Insurance CoverageYes,
up to €5,000,000
📋AML & KYC PolicyStrictly implemented
🔒Security of Trading PlatformAdvanced cybersecurity measures
🛡️Investor Compensation FundYes,
depending on jurisdiction
🖥️Cybersecurity MeasuresEncryption and firewalls
Account Types and Features
⚙️Standard Account Yes
📊ECN Account
Yes
🌙Islamic Account
Yes
🎮Demo Account Yes
👑VIP Account
Yes
💵Minimum DepositUSD 0 / 0 ZAR
💱Base CurrenciesUSD,
EUR,
GBP,
and more
⚖️Leverage OptionsUp to 1:1000
📈Spreads (Fixed/Variable)Variable spreads
🔄Swap-Free AccountsYes
🌐Account Currency ConversionSupported
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes, through HFcopy
👥Social Trading FeaturesAvailable
💼Managed AccountsNot available
Trading Conditions
🔍Average SpreadsFrom 0.1 pips
💲Commissions per Trade $6 per round lot (ECN accounts)
🔢Leverage RangeUp to 1:1000
🚀Execution Speed< 1 second
📊Order Execution TypeMarket execution
🔄Slippage PolicyMinimal slippage
📏Margin requirementsFlexible
⏹️Stop-Loss and Take-Profit OrdersSupported
🔁Trailing StopsSupported
🕑Pending OrdersSupported
🔽Partial FillsSupported
🧾Dividend AdjustmentsApplicable
🌙Overnight Swap Fees
Applicable
📆Rollover PolicySupported
🛑Guaranteed Stop LossNot available
Trading Instruments
💹Forex Currency Pairs50+ pairs
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes
⛽Energies
(Oil/Natural Gas)
Yes
₿Cryptocurrencies12+ major cryptos
📉StocksAvailable
🗂️ETFsNot available
🏛️BondsYes
📜Futures Contracts Yes
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNot available
🧺Currency BasketsNot available
Deposits and Withdrawals
💳Deposit MethodsBank transfer,
cards,
e-wallets
💵Withdrawal MethodsSame as deposit methods
⏱️Processing Time for DepositsInstant
🕒Processing Time for Withdrawals24-48 hours
🚫Deposit FeesNone
💵Withdrawal FeesNone
🔢Minimum Deposit AmountUSD 0 / 0 ZAR
📉Minimum Withdrawal Amount$5
🚪Maximum Withdrawal Limit No limit
💱Supported CurrenciesMultiple (USD, EUR, etc.)
₿Crypto Deposits & WithdrawalsSupported
🏦Bank Wire TransfersSupported
💳Credit/Debit CardsSupported
📲E-Wallets
(Skrill, Neteller, etc.)
Supported
🏘️Local Payment MethodsSupported
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)Yes
🖥️Proprietary PlatformNo
📱Mobile Trading AppYes (iOS & Android)
🌐Web-Based PlatformYes
🤖Trading BotsYes (supports Expert Advisors)
🖧VPS ServicesYes
🔌API ConnectivityAvailable
📉Charting ToolsAdvanced Charting Options
🧮Custom IndicatorsYes
🧠Market Sentiment Analysis Yes
📩Trading SignalsYes (via tools and partners)
🏷️Advanced Order Types
Yes
⚠️Risk Management ToolsYes
📅Economic Calendar Yes
📰Market News Feed Yes
Customer Support
📞Support ChannelsLive Chat,
Email,
Phone
🗨️Live Chat AvailabilityYes
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual Support
Yes
❓Help Center/FAQYes
👨‍💼Dedicated Account ManagerYes (for certain account types)
⏲️Response Time (Live Chat)Immediate
🕒Response Time (Email)Within 24 hours
⭐Support Rating High
Educational Resources and Support
🎥Webinars Yes
🏫SeminarsOccasionally
📖Trading TutorialsYes
📊Market Analysis ReportsYes
📚E-BooksYes
🎬Video LibraryYes
📜GlossaryYes
❔FAQs Yes
🆕Beginner GuidesYes
🚀Advanced Trading StrategiesYes
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Yes
🏷️White Label SolutionsYes
🎁Partnership Rewards Yes
🏛️Institutional SolutionsYes
🔌API Partnership Yes
🤝Referral ProgramYes
Fees & Charges
💳Deposit FeesNo
📤Withdrawal FeesVaries
💤Inactivity FeeYes
🌜Overnight Fees (Swaps)Applicable
💱Conversion FeesApplicable
💰Commission on TradesYes
Market Research Tools
📅Economic CalendarYes
📰Market NewsYes
📩Trading Signals Yes
🔧Technical Analysis ToolsYes
💭Sentiment Analysis Yes
Additional Features
👥PAMM/MAM Accounts Yes
🔗Social Trading PlatformYes
🏆Trading CompetitionsYes
🎁Loyalty RewardsYes
👑Exclusive VIP PerksYes
Promotions & Bonuses
🎁Welcome Bonus Yes
💵Deposit Bonus
Yes
🏅Trading ContestsYes
🌟Seasonal Promotions
Yes
🎖️Loyalty ProgramsYes
User Experience & Reviews
🖥️User Interface QualityHigh
🔒Platform StabilityHigh
📱Mobile App Reviews
Positive
⭐Overall User RatingHigh
🌟Trustpilot RatingGood
😟Common ComplaintsWithdrawal delays (in rare cases)
Mobile
📱Mobile App NameHFM Mobile App
🛠️Developer HF Markets Group
📅Release Year2010
💻OS CompatibilityiOS, Android
🌐Languages SupportedMultiple (e.g., English, Arabic)
📈Trading InstrumentsWide Range
🔄Real-Time DataYes
🛠️Charting ToolsYes
📊Order Types SupportedAll major types
🚀Order Execution SpeedHigh
🔔Custom Alerts Yes
🤝Beginner-Friendly Yes
🔐Security FeaturesYes
🖥️SynchronizationYes
💰Deposit and Withdrawal High
📝Account Types AccessibleAll
🔄Switch AccountsYes
💬In-App SupportYes
📚Educational Resources Yes
🎯WatchlistYes
🌙Dark ModeYes
🌐Social TradingYes
AI Trading Resources
🤖AI Integration
Yes
📊Data Analysis Yes
📈Predictive AnalyticsYes
🛠️Customizable StrategiesYes
📉Risk Management ToolsYes
🧑‍🏫Trading InsightsYes
🚀Execution OptimizationYes
🔄Portfolio RebalancingYes
📚AI TutorialsYes
🎥Video DemonstrationsYes
🧑‍🤝‍🧑Webinars Yes
🔍AI-Powered Search Yes
🌟Beginner-Friendly Yes
🖥️Platform AvailabilityYes
📈Backtesting CapabilityYes
🛠️Strategy BuilderYes
🔔Alerts and NotificationsYes
🔒Data ProtectionHigh
👁️‍🗨️Transparency
Social Media Platformst
📘FacebookYes
📷InstagramYes
🐦Twitter Yes
💼LinkedIn Yes
🎥YouTubeYes
👉Open Account👉 Open Account

 

Overview

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 also offers trading materials and instruments to help traders with their work.

HFM provides trading instruments in Forex and CFDs on Indices, stocks, commodities, and Cryptocurrencies. Knowledge of spreads is important to traders because the spread level directly influences the profitability of operations. The following section details HFM’s spreads for each of the asset classes relative to traders from South Africa.

 

💹 Asset Class📊 Typical Spread📋 Factors Affecting Spread
Forex Major Pairs (e.g., EUR/USD, GBP/USD)CompetitiveMarket volatility, liquidity, time of day
Forex Minor Pairs (e.g., EUR/GBP, USD/CAD)Generally wider than majorsLiquidity, market volatility
Forex Exotic Pairs (e.g., USD/ZAR, EUR/ZAR)Wider than majors and minorsLiquidity, market volatility
CFDs - Indices (e.g., S&P 500, FTSE 100)Competitive, varies by indexMarket volatility, index liquidity
CFDs - Stocks (e.g., Apple, Tesla)Varies by stockStock liquidity, market volatility
CFDs - Commodities (e.g., Gold, Oil)Generally competitiveCommodity market volatility, global economic conditions
CFDs - Cryptocurrencies (e.g., Bitcoin, Ethereum)Wider than traditional assetsMarket volatility, regulatory environment

 

Features Offered

HFM has many features for various traders. It has a Cent Account, Zero Account, Pro Account, and Pro Plus Account.

These accounts are suitable for a beginner as well as for an expert.

HFM gives more than 1000 trading instruments to its clients, including forex, commodities, indices, shares, and cryptocurrencies, which have a plethora of opportunities while making investments.

Competitive spreads, high leverage, as well as advanced trading tools like MT4, MT5, and proprietary offerings, are other highlighting features of HFM.

 

💱Currency PairsYes
📊Stock index CFDsYes
🏦Stock CFDsYes
📈ETF CFDsYes
⛏️Commodity CFDsYes
🏛️Bond CFDsYes
₿CryptosYes

 

HFM Customer Reviews and Ratings

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 anyhow, 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 access this space.

High-traffic periods may slow users down because of the efforts to cope with withdrawals through a system that they get back through their earnings.

It is, however, this transparency in HFM that makes it such a common trading option, especially once the issue regarding fees and costs gets solved, as seen with this broker.

With a robust regulatory framework and genuinely avant-garde features, HFM is a must-go-to group for safe trading within the industry.

 

🔍Aspect🔖Details
🌟Overall Rating4.5/5
👏Customer SatisfactionHigh
📞Customer Service24/5 Multilingual Support

 

Safety and Security

Safety and Security

 

One of the best benchmarks to measure the safety of a broker like HFM is to establish which regulating authorities are watchdogs over its actions.

 

🔎 Broker✅ Regulating Authority✒️ Registration No
HFM (SV) LtdRegistered in St. Vincent & the Grenadines as an International Business company (SVGFSA)22747 IBC 2015.
HFM (Europe) LtdCyprus Securities & Exchange Commission (CySec)183/12
HFM (UK) Limited Financial Conduct Authority UK (FCA)801701
HFM (DIFC) Ltd Dubai Financial Services Authority (DFSA)F004885
HFM (SV) Ltd Financial Services Commission Mauritius (FSC) C110008214
HFM SA (PTY) Ltd Financial Sector Conduct Authority South Africa (FSCA)46632
HFM (Seychelles) Ltd Incorporated under the laws of the Republic of Seychelles 8419176-1

 

HFM has made further efforts to safeguard its liabilities against clients and other third parties with a Civil Liability insurance program for a limit of €5,000,000, including coverage against errors, omissions, negligence, fraud, and other risks. HFM only uses major global banks, and clients’ funds are kept in bank accounts separate from those used by the company.  Negative Balance protection is also made available.

 

Protection of Client Funds

🔎 Security Measureℹ️ Information
🔒 Segregated AccountsYes
🔏 Compensation Fund MemberCySEC Investor Compensation Fund
🔐 Compensation AmountUp to €20,000 per client
🔓 SSL CertificateYes
🔒 2FA (Where Applicable)Available
🔏 Privacy Policy in PlaceYes
🔐 Risk Warning ProvidedYes
🔓 Negative Balance ProtectionYes
🔒 Guaranteed Stop-Loss OrdersNot typically offered

 

Are my funds safe with HFM?

HFM holds client funds in segregated accounts, separate from the broker’s funds. Additionally, HFM participates in investor compensation schemes offered by its regulatory bodies, providing clients with an extra layer of protection.

 

What security measures does HFM have in place?

HFM employs advanced security measures to protect client data and funds, including SSL encryption, firewalls, and other security technologies.

 

Bonus Offers and Promotions

The broker offers South African traders the following bonuses and promotions:

  • Supercharged Bonus 100%
  • Top-up Bonus 20%

 

Supercharged Bonus 100%

HFM Supercharged Bonus 100%

 

Supercharged Bonus—This product provided by HFM allows traders to increase their trading capital. Clients receive a 100% bonus credit when they deposit a particular qualifying amount, meaning their investment doubles instantly. This bonus can be used to increase leverage and possibly improve trading opportunities.

 

Top-up Bonus 20%

HFM Top-up Bonus 20%

 

The 20% Top-Up Bonus allows new clientele to boost their trading capital at HFM. After depositing a certain money, traders can trade 20% of the invested sum as a bonus. Anyone earning this bonus can cash it out, as it is for trading several types of instruments.

 

Are there any specific terms and conditions for HFM bonuses?

Yes, all HFM bonuses come with specific terms and conditions. These often include minimum deposit requirements, trading volume requirements, and bonus withdrawal restrictions. It’s crucial to read the terms carefully before claiming any bonus.

 

How can I withdraw my bonus and profits?

The withdrawal of bonus funds and profits depends heavily on the rules of the bonus terms. Some bonuses require the trader to comment on a specific volume of trade before they can be withdrawn, and others might have limitations on the frequency or amount that can be withdrawn at a time.

 

HFM Affiliate Program

HFM Affiliate Program

 

HFM offers a robust affiliate program to reward individuals and businesses for referring clients to their brokerage. By partnering with HFM, affiliates can earn attractive commissions based on the trading activity of their referred clients.

Key Features of the HFM Affiliate Program:

  • Competitive Commission Structure: Affiliates earn a commission for each lot their referred client’s trade. The commission structure is designed to be competitive and rewarding.
  • Multi-Tier Affiliate System: HFM offers a multi-tier affiliate system, allowing affiliates to earn additional commissions by recruiting sub-affiliates.
  • Dedicated Affiliate Support: HFM’s affiliate management team provides dedicated support to affiliates, providing guidance and assistance throughout the partnership.
  • Marketing Materials: HFM offers a range of marketing materials to help affiliates promote their affiliate links effectively.
  • Real-Time Tracking: Affiliates can access real-time tracking tools to monitor their performance and earnings.

 

How to open an Affiliate Account with HFM

 

Step 1 – Click on the ‘Become an Affiliate’ button.

Go to HFM’s official website and click the ‘Become an Affiliate’ button in the top right corner.

 

How to open an Affiliate Account with HFM Step 1

 

Step 2 – Click on the Join Now option.

When redirected to the affiliate page, read through and click the Join Now button.

 

How to open an Affiliate Account with HFM Step 2

 

Step 3 – Fill out the form.

Complete the online form and provide your details. Then click on the register option.

 

How to open an Affiliate Account with HFM Step 3

 

What is the commission structure for the HFM Affiliate Program?

HFM offers a competitive commission structure for its affiliates. The commission rates can vary depending on the number of referred clients, trading volume, and account type. Typically, affiliates earn a commission per lot traded by their referred clients.

 

How do I track my affiliate performance and earnings?

HFM provides affiliates with a dedicated affiliate dashboard where they can monitor their performance and earnings in real-time. The dashboard provides detailed statistics on the number of clicks, leads, and conversions generated by their affiliate links.

 

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

 

Can I open multiple account types with HFM?

HFM allows you to open multiple account types under the same client profile. This flexibility lets you choose the most suitable account for different trading strategies or market conditions.

 

Does HFM offer Islamic accounts?

HFM provides swap-free accounts to accommodate Muslim traders who adhere to Islamic financial principles. These accounts eliminate interest-based charges, allowing for compliant trading.

 

 

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.

 

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

 

HFM Account Deposit and Withdrawal Options

HFM

 

HFM Deposit Options:

  • Bank Transfers
  • Credit/Debit Cards
  • Alternative Options

 

HotForex Deposit Options

 

HFM does not apply any deposit fees.

 

HFM Withdrawal Options:

  • Bank Transfers
  • Credit/Debit Cards
  • Alternative Options

HotForex Withdrawal Options

 

Withdrawals submitted before 10:00 a.m. server time are processed on the same business day between 7:00 a.m. and 5:00 p.m. server time.

 

Does HFM have any restrictions on deposit and withdrawal amounts?

HFM typically has minimum and maximum deposit and withdrawal limits, depending on the account type and payment method. For detailed information on these restrictions, it’s important to review HFM’s terms and conditions.

 

How long does it take for HFM to process withdrawals?

Withdrawal processing times at HFM can vary depending on the chosen method. Electronic wallets usually offer faster processing times compared to bank wire transfers. It’s advisable to check HFM’s specific guidelines for each withdrawal method.

 

HFM Spreads and Fees

Understanding spreads is vital for traders as they directly impact profitability. This analysis provides an overview of HFM’s spreads for various asset classes tailored to South African traders.

💹 Asset Class📊 Typical Spread📋 Factors Affecting Spread
Forex Major Pairs (e.g., EUR/USD, GBP/USD)CompetitiveMarket volatility, liquidity, time of day
Forex Minor Pairs (e.g., EUR/GBP, USD/CAD)Generally wider than majorsLiquidity, market volatility
Forex Exotic Pairs (e.g., USD/ZAR, EUR/ZAR)Wider than majors and minorsLiquidity, market volatility
CFDs - Indices (e.g., S&P 500, FTSE 100)Competitive, varies by indexMarket volatility, index liquidity
CFDs - Stocks (e.g., Apple, Tesla)Varies by stockStock liquidity, market volatility
CFDs - Commodities (e.g., Gold, Oil)Generally competitiveCommodity market volatility, global economic conditions
CFDs - Cryptocurrencies (e.g., Bitcoin, Ethereum)Wider than traditional assetsMarket volatility, regulatory environment

 

What factors influence HFM’s spreads?

Several factors, including market volatility, asset liquidity, time of day, and your specific account type, influence HFM’s spreads. Generally, major currency pairs tend to have tighter spreads due to higher liquidity, while exotic or less liquid assets may have wider spreads.

 

Can I get tighter spreads with HFM?

While HFM offers competitive spreads, there are potential ways to achieve tighter spreads. Consider trading during peak market hours when liquidity is higher, opting for an ECN or STP account type (if available), and focusing on highly liquid assets.

 

Compare Forex Brokers – HFM vs. XM vs Exness

📍Feature🥇HFM 🥈XM🥉Exness
📉 RegulationFCA, CySEC, FSCCySEC, ASIC, FCACySEC, FCA
👉Minimum Deposit$0/R0$5/R92$10/R184
🔢Leverage1:200030:11:Unlimited
👥Account TypesStandard, Micro, Premium, ZeroStandard, Micro, Ultra Low, XM Ultra TradeStandard, Cent, Mini, Classic, Pro
📍 Forex SpreadsCompetitive, especially on majorsCompetitive, variable spreadsRaw spreads from 0 pips
📈CFDs on IndicesCompetitiveCompetitiveCompetitive
📊CFDs on StocksVaries by stockVaries by stockVaries by stock
📌CFDs on CommoditiesCompetitiveCompetitiveCompetitive
🪙CFDs on CryptocurrenciesCompetitiveCompetitiveCompetitive
💻Trading PlatformsMT4, MT5, HFM WebTraderMT4, MT5, XM WebTraderMT4, MT5, Exness Terminal
📱 Mobile TradingAvailableAvailableAvailable
📋 Copy TradingHFcopyXM CopyTradeAvailable
☎️Customer SupportMultiple channels, including live chatMultiple channels, including live chatMultiple channels, including live chat
📰Education ResourcesBasic to intermediateVarious educational materialsBasic to intermediate
💹 Research ToolsMarket analysis toolsEconomic calendar, market newsEconomic calendar, market analysis
👉 Open an AccountOpen AccountOpen AccountOpen Account

 

HFM Trading Platform Comparison

HFM Trading Platform Comparison

 

HFM has designed its trading platforms to ensure that every trader who opens an HFM Live Trading Account can trade in their preferred style and on their chosen device.

Both MetaTrader 4 and MetaTrader 5 are very popular and powerful trading platforms. Both allow traders to access the financial markets, and HFM takes advantage of each of their best features, providing the perfect trading environment.

 

HFM trading platforms

 

Find out more about the differences between HFM MT4 and HFM MT5 and decide which is best for you. Take a look at the table below:

hfm mt4 vs mt5

 

What is the difference between MT4 and MT5 on HFM?

While both MT4 and MT5 are popular platforms offered by HFM, there are key differences. MT4 is well-established and widely used, while MT5 is newer and offers advanced features like market depth, economic calendar, and more trading instruments.

 

How do I deposit and withdraw funds on the HFM trading platform?

HFM offers various deposit and withdrawal methods to accommodate different preferences.

 

Mobile Use of HFM

Mobile Use of HFM

 

The mobile experience of HFM is seamless for placing trades, and it can be accessed through MT4 and MT5 apps.

These may be used on both iOS and Android devices. Mobiles are a very simple way of incorporating transactions and account management with instantaneous market information access on the move.

Tailor-made visuals make easy charting with many order types and one-click trade to relax into an intuitive trading experience that can almost fully match desktop platforms.

In addition, HFM’s mobile platform is versatile for notifications and alerts about real-time market movements and portfolio activities.

You can find just the right security features coupled with a beginner’s interface for learners in HFM’s mobile offering for anyone seeking flexibility and mobility through their trades.

 

📍 Heading🔖 Information
🌐 Mobile App OverviewYesComprehensive and user-friendly mobile app for trading on the go.
🏆 Mobile App FeaturesIncludes advanced charting tools,
real-time market data, and secure trading options.
📈 Charting Tools on MobileAccess to customizable charts with multiple timeframes and technical indicators.
🔔 Trade Alerts & NotificationsReal-time alerts and push notifications for trade updates and account activity.
🚀 Fast Execution on MobileOptimized for swift order execution even in volatile market conditions.
💡 Mobile User InterfaceIntuitive design for seamless navigation and ease of use.
🛠️ Customization OptionsAdjustable settings for charts,
interface layout,
and trading preferences.
🔒 Mobile Security FeaturesSecure login options, including PIN,
password,
and biometric authentication.
💬 Mobile Live ChatYesInstant access to customer support via live chat on the app.
📊 Account Management on MobileFull account management,
including deposits, withdrawals,
and balance tracking.
🧑‍🏫 Mobile Educational ResourcesTutorials, guides, and market analysis accessible in-app.
🛠️ Technical Analysis on MobileComprehensive tools for conducting in-depth technical analysis.
📲 Mobile Account SetupEasy onboarding process with quick verification via mobile.
📅 Mobile Economic CalendarIntegrated calendar for tracking economic events and announcements.
🧮 Mobile Trading CalculatorsIn-app calculators for margin,
pip,
and risk calculations.
🛡️ Mobile Risk ManagementTools like stop-loss, take-profit,
and trailing stops available.
🏦 Deposit & Withdrawal on MobileSupports multiple payment methods directly from the app.
🧳 Withdrawal Process on MobileFast and straightforward withdrawal process optimized for mobile.
🌍 Cross-device SyncingSeamlessly synchronizes data across mobile,
desktop,
and web platforms.
⚡ Low Latency on MobileOptimized for low-latency performance in volatile markets.
🌟 Customizable Mobile DashboardPersonalized dashboard for tracking favorite instruments and trades.
🧑‍💻 Advanced Order Types on MobileSupports market, limit,
stop,
and other advanced order types.
🔒 Secure Login OptionsOptions for PIN, password,
or biometric authentication.
🛠️ Mobile Settings & PreferencesAdjustable app settings for user preferences.
🌎 Global Market AccessTrade assets from markets around the world in real-time.
⏱️ Mobile TimeframesMultiple timeframes available for better market analysis.
🧮 Trading Account OverviewDetailed account summary,
including equity,
margin,
and positions.
🧳 Mobile Withdrawals HistoryTrack and review your withdrawals directly from the mobile app.
🏠 Real-time Account ActivityMonitor real-time trades and account activity from anywhere.
🌙 Night Mode OptionSwitch to night mode for a more comfortable trading experience in low-light environments.
🔄 Mobile UpdatesRegular updates to enhance performance and add new features.
🗣️ Multi-language Support on MobileSupports multiple languages for global users.
📡 Real-time Market FeedsLive streaming of market prices and updates.
💳 Mobile Payment IntegrationIntegrated payment gateways for seamless transactions.
🛠️ User Customization on MobileAllows users to adjust the interface and features according to preferences.

 

HFM AI Integration

HFM has made significant strides in integrating AI Tech into its trading platform enhancing the Operator Encounter and improving trading Productivity.

The AI-powered Characteristics render advanced analytics prophetic Representation and automatic trading strategies that allow traders to make further knowledgeable decisions.

By leveraging Calculator learning Procedures HFM offers personalized Understandings and recommendations based on real-time market Information helping both novice and Encounterd traders Improve their strategies.

 

CategoryComments
🤖 AI-Powered AnalyticsOffers advanced data analysis and insights powered by AI.
📈Predictive ModelingUses AI to forecast market trends and price movements.
💹Automated TradingAI enables automated trading strategies to optimize trades.
💡Personalized InsightsAI provides customized recommendations based on individual trading patterns.
🧠Market Data ProcessingAI processes vast amounts of market data in real time for faster decision-making.
❌Error ReductionAI minimizes human errors in trading by automating complex processes.

 

Education

Education

 

HFM offers its clients a wide selection of educational materials. These include HFM educational videos, Training course videos, Forex education/e-courses, Live Webinars, Events, Exclusive analysis, and a Podcast.

Each educational video is carefully designed and delivered by leading industry experts. It provides a breakdown of the forex industry’s fundamental concepts.

 

Is HFM’s education suitable for beginners?

HFM’s educational resources are generally designed to cater to a wide range of traders, including beginners. However, the depth of beginner-focused content might be limited. It’s advisable to check the specific offerings before enrolling.

 

Are HFM’s educational materials free?

Most educational resources offered by HFM are free of charge. However, some advanced courses or webinars might require registration or payment. It’s essential to check the specific details of each resource.

 

Forex Trading Guides

HFM provides a complete forex trading guide for traders for have sufficient knowledge and skill.

The guides impart knowledge on the basics of forex, technical and fundamental analysis, trading strategy, and risk management techniques.

Novice or expert, the guides have it all for the explorer in the world of forex trade.

HFM also complements these with webinars, video tutorials, and market analysis for the broadest updating possible on market trends and developments.

User-friendly presentation with real-life examples makes HFM trading guides one of the best friends for enhancing trading proficiency.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

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

 

Conclusion

Overall, HFM can be described as a worthwhile option for potential traders. It presents a global brokerage company with a well-established, regulated, and customer-oriented operation that provides a secure, well-regulated trading environment. Services and products are tailored to specific requirements while bringing clients a comprehensive range of accounts, platforms, premium trader tools, tight spreads, educational resources, and instruments.

HFM’s pricing strategy shows transparent prices with one of the lowest rates in the industry. Negative balance protection is available for traders worldwide. HFM continuously establishes its position as a market leader and offers its clients excellent trading conditions and competitive advantages.

 

You might also like: HFM Sign-up Bonus.

You might also like: HFM Fees and Spreads

You might also like: HFM Account Types

You might also like: HFM Minimum Deposit

You might also like: HFM Cashback Forex Rebates

 

Disclaimer

HFM warns all potential customers that Forex and CFDs trading always carries a degree of risk and may not be suitable for all investors.  This is a crucial risk warning to keep in mind, especially for any beginner trader. Before deciding to trade the products offered by HFM, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and experience level before investing money they cannot afford to lose.

HFM warns that margin trading involves the potential for profit and the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable. According to research in South Africa, HFM cannot guarantee a maximum loss that a trader may suffer.

 

Frequently Asked Questions

 

Is HFM a fake or a scam?

No, HFM is a globally recognized, award-winning forex and commodities broker that is not fake or scam.  The applicable regulatory authority regulates it in the jurisdictions where HFM brokers offer services, including the FSCA in South Africa. 

 

What is the cost of trading with HFM (formerly known as Hotforex)?

The cost of trading with HFM (formerly Hotforex) depends on the type of trading account: a micro account costs $5 (ZAR 85,09), a Premium account costs $100 (ZAR 1702), an HFCopy account costs $300 (ZAR 5106), and a zero spread account costs $200 (ZAR 3404) at the current USD/ZAR exchange rate at the time of writing.

 

Does HFM have an office in South Africa?

Yes, the HFM (formerly known as Hotforex) office is situated in Johannesburg, South Africa.

 

What is the overall rating for HFM out of 10?

The overall rating for HFM (formerly known as Hotforex) is 9/10

 

Does HFM provide traders with educational resources?

For training purposes, training course videos, educational videos, a forex education/e-course, events, live webinars, exclusive analysis, and a podcast are available. 

 

References

HF Markets SA (PTY) Ltd. FSCA.

HF Markets (Europe) Ltd. CySEC.

MetaTrader 5 Platform. MetaTrader5.com

HFMs MT5. HFM.

 

Very Good

January 30, 2025

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.

GR

Competitive broker with low fees

October 30, 2024

Well-regulated global broker with low rates and fees, offers wide range of markets & trading tools. Needs more in-depth training material for beginners.

Daniel

Response from SA Shares

We appreciate you taking the time to share your thoughts and experience with us.

Very comprehensive and interesting

October 11, 2024

Very comprehensive and interesting

Barry

Response from SA Shares

Thank you for your feedback! We appreciate your support.

excellent broker

September 23, 2024

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

TDD

Response from SA Shares

We appreciate your thoughtful feedback. Thank you!

Trustful boker

September 19, 2024

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.

DH

Response from SA Shares

Thank you for your kind review! We appreciate your support.


4.6/5 - (58 votes)

Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 2, 2025

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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