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HF Markets Review 2024 | Is HFM The Best Forex & CFD Broker

HFM Markets Logo
Score

3.5/5

Min Deposit

$0

Min Spread

1:2000

Regulation

DFSA

Max Leverage

Not Specified

Calls, Email, and Feedback Form
Positive Ratings
50%
Neutral Ratings
35%
Negative Ratings
15%

HF Markets Overview

Aspect

Information

Registered Country/Area Cyprus
Founded Year 2010
Company Name HF Markets
Regulation Dubai Financial Services Authority (DFSA)
Minimum Deposit $0
Maximum Leverage 1:2000
Spreads 0
Trading Platforms Mobile trading App, MT4 and MT5
Tradable Assets Forex, Metals, Energies, Stocks, Indices, Bonds, Commodities, ETFs, Cryptocurrencies
Account Types Cent, zero, pro, premium
Demo Account Available
Customer Support Email: support@hfeu.com or support@hfmarkets.co.uk

Phone: Call +357-244 001 65 or 0800 920 2432

Live chat: Use the live chat feature

Introduction

HF Market

As a reliable brokerage firm dealing in Forex and CFD, HF Markets, known globally as a business formerly called HotForex, survived and thrived well in the fast-moving online trading world. It has been established ten years ago. Known for its reliability, and offering services qualified enough to suit the needs of traders all around the globe, HF Markets keeps molding its offers according to the newest trends in the financial sphere, as well as the expectations of clients. This 2024 review for HF Markets goes deep into all topics representing it, from its regulation framework and types of accounts to its trading platforms and customer support services, giving prospective traders the general scope of what it does.

Market Instruments

HF Market Instruments

HF Markets offers more than 1000 CFDs covering eight asset classes that include Forex, metals, energies, and stocks. Although it does not match the size of its direct competitors, the strong currency and bond offerings set it apart in the market.

Account Types

HF Markets Account Types

Cent Account:

  • Targeted Users: Beginners
  • Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, HFM Platform
  • Tradable Instruments: Forex, Gold
  • Minimum Deposit: $0
  • Contract Size: 1 lot = 1,000 units
  • Spreads: Variable, starting from 1.2 pips
  • Leverage: Up to 1:2000
  • Account Currency: USD (USC)

Zero Account:

  • Targeted Users: Intermediate to Advanced Traders
  • Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, HFM Platform
  • Tradable Instruments: All Available (full list on website)
  • Minimum Deposit: $0 (€0 for EU)
  • Contract Size: 1 lot = 100,000 units
  • Spreads: Variable, starting from 0 on Forex
  • Leverage: Up to 1:2000
  • Account Currency: USD, EUR

Pro Account:

  • Targeted Users: Experienced Retail Traders
  • Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, HFM Platform
  • Tradable Instruments: All Available (full list on website)
  • Minimum Deposit: $100 (€100)
  • Contract Size: 1 lot = 100,000 units
  • Spreads: Variable, starting from 0.6 pips
  • Leverage: Up to 1:2000
  • Account Currency: USD, EUR

Premium Account:

  • Targeted Users: New to Intermediate Traders
  • Trading Platforms: MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, HFM Platform
  • Tradable Instruments: All Available (full list on website)
  • Minimum Deposit: $0 (€0 for EU)
  • Contract Size: 1 lot = 100,000 units
  • Spreads: Variable, starting from 1.2 pips
  • Leverage: Up to 1:2000
  • Account Currency: USD, EUR

Leverage

For all leveraged products, like forex trading, HF Markets allows flexible leverage options up to 1:2000. It provides leveraged trading based on a trader’s risk threshold and jurisdiction for a customized trading experience.

Spreads & Commissions

HF Markets is offering spreads beginning with 0 pips on the Zero account. The broker provides cheap trading with low commission charges on forex trades, making it financially viable for frequent traders.

Trading Platform

HF Markets Deposit & Withdrawal

The company supports MetaTrader 4 and MetaTrader 5, the most reputable and feature-rich platforms on the market. Additionally, HF Markets offers its proprietary mobile application, empowering users to trade from anywhere at any time.

Trading Hours

HF Markets operates on the standard 24/5 schedule of international forex markets during global trading days. This schedule is in line with the international markets for buying or selling based on events in the markets.

Deposit & Withdrawal

There are several deposit options that include credit/debit cards and e-wallets such as Neteller and Skrill, but crypto deposit is not supported. Withdrawals take pretty short time, with the electronic method especially being faster though wire transfer takes more time.

Customer Support

HF Markets Customer Support

The HF Markets has interactive customer support through email, phone, and live chat. This gives the support team a chance to handle queries through a range of languages to fairly boost trader support and satisfaction.

Email: support@hfeu.com or support@hfmarkets.co.uk

Phone: Call +357-244 001 65 or 0800 920 2432

Conclusion

This has been offered with the ability to diversified customers while maintaining a safe trading environment with powerful trading solutions. It is available with competitive spreads that are flexible account types and strict regulatory measures that ensure traders having serious consideration in Forex and CFD trades, in this firm. While the asset type and crypto transactions might seem limited, yet overall, the platform stands as well-balanced, especially for the users demanding reliability as well as sound trading support. As financial markets keep shifting, HF Markets has shaped itself into being rather adaptable to shape its abilities according to a rising global user base, thus it is one of the fighters present in the vast market of online brokers.

  • Diverse Account Options: Suitable for all trader levels.
  • Low Spreads and Fees: Competitive rates, starting from 0 pips.
  • Advanced Trading Platforms: Includes MetaTrader 4, MetaTrader 5, and proprietary app.
  • Limited Asset Selection: Fewer assets compared to larger brokers.
FAQs

What is the minimum deposit required to trade in HF Markets?

No minimum deposit is required to start trading.

What platforms are allowed for trading?

MetaTrader 4, MetaTrader 5 and a company provided mobile app are allowed for trading

Are there commissions or fees for deposits/withdrawals?

No fee will be charged for deposit, but some withdrawal processes will incur fees.

Can I trade cryptocurrencies at HF Markets?

Cryptocurrencies are allowed for trading.

How do I open a demo account?

Demo accounts can be opened directly on the website. This provides risk-free trading environment, no risk at all.

What customer support does HF Markets offer?

Support via email, phone and live chat during business hours.

Is HF Markets regulated?

Yes, among other bodies, the Dubai Financial Services Authority (DFSA) regulates HF Markets.

What are the trading hours?

Trading in HF Markets takes place around the clock with 24/5 forex market hours.

What kinds of accounts does HF Markets offer?

Cent, Zero, Pro, Premium. Swap-free account available

How much leverage can use at HF Markets?

Up to 1:2000, depending on trader’s country and account type.

Trusted Score

4.3/5

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5