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
- 🕷️HFM Spider chart
- 💡HFM at a Glance
- 📝Overview
- ✨Features Offered
- ⭐️HFM Customer Reviews and Ratings
- 🔒Safety and Security
- 🎁HFM Bonus Offers and Promotions
- 🤝Affiliate Program
- 💰How to open an Affiliate Account with HFM
- 👥HFM Account Types and Features
- 🔑Step-by-Step Guide: How to open an Account.
- 💳Account Deposit and Withdrawal Options
- 📊HFM Spreads and Fees
- ⚖️Compare Forex Brokers
- 💻HFM Trading Platform Comparison
- 📲Mobile Use of HFM
- 🤖HFM AI Integration
- 📖Education
- 📘Forex Trading Guides
- 🌟Customer Reviews
- ➕Pros and Cons
- 📜Conclusion
- ⚠️Disclaimer
- ❓Frequently Asked Questions
- 🔗References
HFM Spider chart
HFM At a Glance
Category | Details |
Company Information | |
🏷️Company Name | HFM |
📍Headquarters Location | Cyprus |
📅Year Established | 2010 |
👤CEO/Founder | George Koumantaris |
🌐Global Offices | Over 10 locations worldwide |
🔖Licensing Body | CySEC, FCA, FSCA, DFSA, FSA |
👥Group Companies | HF Markets Group |
🏛️Business Model | ECN/STP |
🌍Operational Languages | 20+ languages |
🏆Awards & Recognitions | Multiple awards in trading and service |
Regulation and Security | |
🛡️Regulation | FCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles) |
✔️Compliance Standards | Strict adherence to regulations |
💼Client Fund Segregation | Yes |
🪫Negative balance protection | Yes |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring |
💰Insurance Coverage | Yes, up to €5,000,000 |
📋AML & KYC Policy | Strictly implemented |
🔒Security of Trading Platform | Advanced cybersecurity measures |
🛡️Investor Compensation Fund | Yes, depending on jurisdiction |
🖥️Cybersecurity Measures | Encryption and firewalls |
Account Types and Features | |
⚙️Standard Account | Yes |
📊ECN Account | Yes |
🌙Islamic Account | Yes |
🎮Demo Account | Yes |
👑VIP Account | Yes |
💵Minimum Deposit | USD 0 / 0 ZAR |
💱Base Currencies | USD, EUR, GBP, and more |
⚖️Leverage Options | Up to 1:1000 |
📈Spreads (Fixed/Variable) | Variable spreads |
🔄Swap-Free Accounts | Yes |
🌐Account Currency Conversion | Supported |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | Yes |
🔁Copy Trading Support | Yes, through HFcopy |
👥Social Trading Features | Available |
💼Managed Accounts | Not available |
Trading Conditions | |
🔍Average Spreads | From 0.1 pips |
💲Commissions per Trade | $6 per round lot (ECN accounts) |
🔢Leverage Range | Up to 1:1000 |
🚀Execution Speed | < 1 second |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage |
📏Margin requirements | Flexible |
⏹️Stop-Loss and Take-Profit Orders | Supported |
🔁Trailing Stops | Supported |
🕑Pending Orders | Supported |
🔽Partial Fills | Supported |
🧾Dividend Adjustments | Applicable |
🌙Overnight Swap Fees | Applicable |
📆Rollover Policy | Supported |
🛑Guaranteed Stop Loss | Not available |
Trading Instruments | |
💹Forex Currency Pairs | 50+ pairs |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | 12+ major cryptos |
📉Stocks | Available |
🗂️ETFs | Not available |
🏛️Bonds | Yes |
📜Futures Contracts | Yes |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Not available |
🧺Currency Baskets | Not available |
Deposits and Withdrawals | |
💳Deposit Methods | Bank transfer, cards, e-wallets |
💵Withdrawal Methods | Same as deposit methods |
⏱️Processing Time for Deposits | Instant |
🕒Processing Time for Withdrawals | 24-48 hours |
🚫Deposit Fees | None |
💵Withdrawal Fees | None |
🔢Minimum Deposit Amount | USD 0 / 0 ZAR |
📉Minimum Withdrawal Amount | $5 |
🚪Maximum Withdrawal Limit | No limit |
💱Supported Currencies | Multiple (USD, EUR, etc.) |
₿Crypto Deposits & Withdrawals | Supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes |
👩💻MetaTrader 5 (MT5) | Yes |
🖥️Proprietary Platform | No |
📱Mobile Trading App | Yes (iOS & Android) |
🌐Web-Based Platform | Yes |
🤖Trading Bots | Yes (supports Expert Advisors) |
🖧VPS Services | Yes |
🔌API Connectivity | Available |
📉Charting Tools | Advanced Charting Options |
🧮Custom Indicators | Yes |
🧠Market Sentiment Analysis | Yes |
📩Trading Signals | Yes (via tools and partners) |
🏷️Advanced Order Types | Yes |
⚠️Risk Management Tools | Yes |
📅Economic Calendar | Yes |
📰Market News Feed | Yes |
Customer Support | |
📞Support Channels | Live Chat, Email, Phone |
🗨️Live Chat Availability | Yes |
📧Email Support | Yes |
📱Phone Support | Yes |
🌍Multilingual Support | Yes |
❓Help Center/FAQ | Yes |
👨💼Dedicated Account Manager | Yes (for certain account types) |
⏲️Response Time (Live Chat) | Immediate |
🕒Response Time (Email) | Within 24 hours |
⭐Support Rating | High |
Educational Resources and Support | |
🎥Webinars | Yes |
🏫Seminars | Occasionally |
📖Trading Tutorials | Yes |
📊Market Analysis Reports | Yes |
📚E-Books | Yes |
🎬Video Library | Yes |
📜Glossary | Yes |
❔FAQs | Yes |
🆕Beginner Guides | Yes |
🚀Advanced Trading Strategies | Yes |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Yes |
🏷️White Label Solutions | Yes |
🎁Partnership Rewards | Yes |
🏛️Institutional Solutions | Yes |
🔌API Partnership | Yes |
🤝Referral Program | Yes |
Fees & Charges | |
💳Deposit Fees | No |
📤Withdrawal Fees | Varies |
💤Inactivity Fee | Yes |
🌜Overnight Fees (Swaps) | Applicable |
💱Conversion Fees | Applicable |
💰Commission on Trades | Yes |
Market Research Tools | |
📅Economic Calendar | Yes |
📰Market News | Yes |
📩Trading Signals | Yes |
🔧Technical Analysis Tools | Yes |
💭Sentiment Analysis | Yes |
Additional Features | |
👥PAMM/MAM Accounts | Yes |
🔗Social Trading Platform | Yes |
🏆Trading Competitions | Yes |
🎁Loyalty Rewards | Yes |
👑Exclusive VIP Perks | Yes |
Promotions & Bonuses | |
🎁Welcome Bonus | Yes |
💵Deposit Bonus | Yes |
🏅Trading Contests | Yes |
🌟Seasonal Promotions | Yes |
🎖️Loyalty Programs | Yes |
User Experience & Reviews | |
🖥️User Interface Quality | High |
🔒Platform Stability | High |
📱Mobile App Reviews | Positive |
⭐Overall User Rating | High |
🌟Trustpilot Rating | Good |
😟Common Complaints | Withdrawal delays (in rare cases) |
Mobile | |
📱Mobile App Name | HFM Mobile App |
🛠️Developer | HF Markets Group |
📅Release Year | 2010 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | Multiple (e.g., English, Arabic) |
📈Trading Instruments | Wide Range |
🔄Real-Time Data | Yes |
🛠️Charting Tools | Yes |
📊Order Types Supported | All major types |
🚀Order Execution Speed | High |
🔔Custom Alerts | Yes |
🤝Beginner-Friendly | Yes |
🔐Security Features | Yes |
🖥️Synchronization | Yes |
💰Deposit and Withdrawal | High |
📝Account Types Accessible | All |
🔄Switch Accounts | Yes |
💬In-App Support | Yes |
📚Educational Resources | Yes |
🎯Watchlist | Yes |
🌙Dark Mode | Yes |
🌐Social Trading | Yes |
AI Trading Resources | |
🤖AI Integration | Yes |
📊Data Analysis | Yes |
📈Predictive Analytics | Yes |
🛠️Customizable Strategies | Yes |
📉Risk Management Tools | Yes |
🧑🏫Trading Insights | Yes |
🚀Execution Optimization | Yes |
🔄Portfolio Rebalancing | Yes |
📚AI Tutorials | Yes |
🎥Video Demonstrations | Yes |
🧑🤝🧑Webinars | Yes |
🔍AI-Powered Search | Yes |
🌟Beginner-Friendly | Yes |
🖥️Platform Availability | Yes |
📈Backtesting Capability | Yes |
🛠️Strategy Builder | Yes |
🔔Alerts and Notifications | Yes |
🔒Data Protection | High |
👁️🗨️Transparency | |
Social Media Platformst | |
Yes | |
Yes | |
Yes | |
Yes | |
🎥YouTube | Yes |
👉Open Account | 👉 Open Account |
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) | Competitive | Market volatility, liquidity, time of day |
Forex Minor Pairs (e.g., EUR/GBP, USD/CAD) | Generally wider than majors | Liquidity, market volatility |
Forex Exotic Pairs (e.g., USD/ZAR, EUR/ZAR) | Wider than majors and minors | Liquidity, market volatility |
CFDs - Indices (e.g., S&P 500, FTSE 100) | Competitive, varies by index | Market volatility, index liquidity |
CFDs - Stocks (e.g., Apple, Tesla) | Varies by stock | Stock liquidity, market volatility |
CFDs - Commodities (e.g., Gold, Oil) | Generally competitive | Commodity market volatility, global economic conditions |
CFDs - Cryptocurrencies (e.g., Bitcoin, Ethereum) | Wider than traditional assets | Market 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 Pairs | Yes |
📊Stock index CFDs | Yes |
🏦Stock CFDs | Yes |
📈ETF CFDs | Yes |
⛏️Commodity CFDs | Yes |
🏛️Bond CFDs | Yes |
₿Cryptos | Yes |
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 Rating | 4.5/5 |
👏Customer Satisfaction | High |
📞Customer Service | 24/5 Multilingual Support |
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) Ltd | Registered in St. Vincent & the Grenadines as an International Business company (SVGFSA) | 22747 IBC 2015. |
HFM (Europe) Ltd | Cyprus 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 Measure | ℹ️ Information |
🔒 Segregated Accounts | Yes |
🔏 Compensation Fund Member | CySEC Investor Compensation Fund |
🔐 Compensation Amount | Up to €20,000 per client |
🔓 SSL Certificate | Yes |
🔒 2FA (Where Applicable) | Available |
🔏 Privacy Policy in Place | Yes |
🔐 Risk Warning Provided | Yes |
🔓 Negative Balance Protection | Yes |
🔒 Guaranteed Stop-Loss Orders | Not 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%
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%
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 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.
Step 2 – Click on the Join Now option.
When redirected to the affiliate page, read through and click the Join Now button.
Step 3 – Fill out the form.
Complete the online form and provide your details. Then click on the register option.
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
📊 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.
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.
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
HFM Account Deposit and Withdrawal Options
HFM Deposit Options:
- Bank Transfers
- Credit/Debit Cards
- Alternative Options
HFM does not apply any deposit fees.
HFM Withdrawal Options:
- Bank Transfers
- Credit/Debit Cards
- Alternative 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) | Competitive | Market volatility, liquidity, time of day |
Forex Minor Pairs (e.g., EUR/GBP, USD/CAD) | Generally wider than majors | Liquidity, market volatility |
Forex Exotic Pairs (e.g., USD/ZAR, EUR/ZAR) | Wider than majors and minors | Liquidity, market volatility |
CFDs - Indices (e.g., S&P 500, FTSE 100) | Competitive, varies by index | Market volatility, index liquidity |
CFDs - Stocks (e.g., Apple, Tesla) | Varies by stock | Stock liquidity, market volatility |
CFDs - Commodities (e.g., Gold, Oil) | Generally competitive | Commodity market volatility, global economic conditions |
CFDs - Cryptocurrencies (e.g., Bitcoin, Ethereum) | Wider than traditional assets | Market 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 |
📉 Regulation | FCA, CySEC, FSC | CySEC, ASIC, FCA | CySEC, FCA |
👉Minimum Deposit | $0/R0 | $5/R92 | $10/R184 |
🔢Leverage | 1:2000 | 30:1 | 1:Unlimited |
👥Account Types | Standard, Micro, Premium, Zero | Standard, Micro, Ultra Low, XM Ultra Trade | Standard, Cent, Mini, Classic, Pro |
📍 Forex Spreads | Competitive, especially on majors | Competitive, variable spreads | Raw spreads from 0 pips |
📈CFDs on Indices | Competitive | Competitive | Competitive |
📊CFDs on Stocks | Varies by stock | Varies by stock | Varies by stock |
📌CFDs on Commodities | Competitive | Competitive | Competitive |
🪙CFDs on Cryptocurrencies | Competitive | Competitive | Competitive |
💻Trading Platforms | MT4, MT5, HFM WebTrader | MT4, MT5, XM WebTrader | MT4, MT5, Exness Terminal |
📱 Mobile Trading | Available | Available | Available |
📋 Copy Trading | HFcopy | XM CopyTrade | Available |
☎️Customer Support | Multiple channels, including live chat | Multiple channels, including live chat | Multiple channels, including live chat |
📰Education Resources | Basic to intermediate | Various educational materials | Basic to intermediate |
💹 Research Tools | Market analysis tools | Economic calendar, market news | Economic calendar, market analysis |
👉 Open an Account | Open Account | Open Account | Open Account |
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.
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:
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
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 Overview | YesComprehensive and user-friendly mobile app for trading on the go. |
🏆 Mobile App Features | Includes advanced charting tools, real-time market data, and secure trading options. |
📈 Charting Tools on Mobile | Access to customizable charts with multiple timeframes and technical indicators. |
🔔 Trade Alerts & Notifications | Real-time alerts and push notifications for trade updates and account activity. |
🚀 Fast Execution on Mobile | Optimized for swift order execution even in volatile market conditions. |
💡 Mobile User Interface | Intuitive design for seamless navigation and ease of use. |
🛠️ Customization Options | Adjustable settings for charts, interface layout, and trading preferences. |
🔒 Mobile Security Features | Secure login options, including PIN, password, and biometric authentication. |
💬 Mobile Live Chat | YesInstant access to customer support via live chat on the app. |
📊 Account Management on Mobile | Full account management, including deposits, withdrawals, and balance tracking. |
🧑🏫 Mobile Educational Resources | Tutorials, guides, and market analysis accessible in-app. |
🛠️ Technical Analysis on Mobile | Comprehensive tools for conducting in-depth technical analysis. |
📲 Mobile Account Setup | Easy onboarding process with quick verification via mobile. |
📅 Mobile Economic Calendar | Integrated calendar for tracking economic events and announcements. |
🧮 Mobile Trading Calculators | In-app calculators for margin, pip, and risk calculations. |
🛡️ Mobile Risk Management | Tools like stop-loss, take-profit, and trailing stops available. |
🏦 Deposit & Withdrawal on Mobile | Supports multiple payment methods directly from the app. |
🧳 Withdrawal Process on Mobile | Fast and straightforward withdrawal process optimized for mobile. |
🌍 Cross-device Syncing | Seamlessly synchronizes data across mobile, desktop, and web platforms. |
⚡ Low Latency on Mobile | Optimized for low-latency performance in volatile markets. |
🌟 Customizable Mobile Dashboard | Personalized dashboard for tracking favorite instruments and trades. |
🧑💻 Advanced Order Types on Mobile | Supports market, limit, stop, and other advanced order types. |
🔒 Secure Login Options | Options for PIN, password, or biometric authentication. |
🛠️ Mobile Settings & Preferences | Adjustable app settings for user preferences. |
🌎 Global Market Access | Trade assets from markets around the world in real-time. |
⏱️ Mobile Timeframes | Multiple timeframes available for better market analysis. |
🧮 Trading Account Overview | Detailed account summary, including equity, margin, and positions. |
🧳 Mobile Withdrawals History | Track and review your withdrawals directly from the mobile app. |
🏠 Real-time Account Activity | Monitor real-time trades and account activity from anywhere. |
🌙 Night Mode Option | Switch to night mode for a more comfortable trading experience in low-light environments. |
🔄 Mobile Updates | Regular updates to enhance performance and add new features. |
🗣️ Multi-language Support on Mobile | Supports multiple languages for global users. |
📡 Real-time Market Feeds | Live streaming of market prices and updates. |
💳 Mobile Payment Integration | Integrated payment gateways for seamless transactions. |
🛠️ User Customization on Mobile | Allows 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.
Category | Comments |
🤖 AI-Powered Analytics | Offers advanced data analysis and insights powered by AI. |
📈Predictive Modeling | Uses AI to forecast market trends and price movements. |
💹Automated Trading | AI enables automated trading strategies to optimize trades. |
💡Personalized Insights | AI provides customized recommendations based on individual trading patterns. |
🧠Market Data Processing | AI processes vast amounts of market data in real time for faster decision-making. |
❌Error Reduction | AI minimizes human errors in trading by automating complex processes. |
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
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 |
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
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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