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HFM Review: An In-Depth Look into a Premium Brokerage Experience

Table of Contents

Introduction

HFM has a rich history since its establishment in 2010. The initial impression is that it’s dedicated to ensuring a high-quality trading environment with a blend of traditional and innovative trading tools.

Licensing and Regulation

HFM boasts top-tier licenses from regulators including CMA, CySEC, DFSA, FCA, FSA, FSC Mauritius, and FSCA. This impressive regulatory oversight ensures traders’ security and minimizes potential for fraud. Additionally, HFM takes client protection a notch higher with segregated accounts, negative balance protection, and a €5,000,000 civil liability insurance.

Trading Platforms

HFM offers upgraded versions of both MT4 and MT5 platforms. They also have a proprietary copy trading service and 12 trading tools by FX Blue Labs. There’s also a mobile app, the HF App, ensuring trade on the go.

Account Types

HFM offers a variety of accounts tailored to various trading needs, from Cent accounts suitable for testing new strategies to Zero accounts with attractive conditions for active traders. There’s also a PAMM Premium for account managers and the HF Copy for copy trading.

Tradable Assets

Traders have access to over 1,500 assets covering Forex, cryptocurrencies, commodities, equity CFDs, indices, ETFs, and bonds. HFM further provides 2,000+ physical shares.

Spreads & Fees

HFM offers a commission-free trading account with a minimum spread of 0.5 pips. The commission-based account starts with a raw spread of 0.0 pips with a commission of $6.00 per lot for major currency pairs.

Deposit and Withdrawal

HFM provides various payment methods, including bank wires, credit/debit cards, and e-wallets. Deposits start from as low as $5. They process withdrawals on the same day if received before 10:00 a.m. (GMT +3).

Customer Support

HFM offers multi-lingual customer support 24/5 through various channels, including email and live chat. They also maintain a trading desk for phone-assisted trades.

Educational Resources

The broker has a robust educational section with videos, webinars, podcasts, and live events. They have even collaborated with Blue Sky Forex for free webinars.

Pros and Cons

  • Pros:
    • High leverage and loyalty programs cater to active traders.
    • Quality educational tools for beginners.
    • A competitive pricing environment.
    • Enhanced MT4/MT5 trading platforms.
  • Cons:
    • Some products and services might not be available to all clients based on their HF Group entity.

Conclusion

HFM offers an exceptional trading environment suitable for both novice and expert traders. Their regulatory framework, advanced platforms, and extensive asset range make them a commendable choice for serious traders.

FAQs

HFM was established in 2010.

HFM is regulated by multiple entities including CMA, CySEC, DFSA, FCA, FSA, FSC Mauritius, and FSCA.

HFM provides upgraded versions of both MT4 and MT5 platforms, a proprietary copy trading service, and a mobile app named HF App.

HFM offers over 1,500 assets covering Forex, cryptocurrencies, commodities, equity CFDs, indices, ETFs, and bonds. Additionally, they provide more than 2,000 physical shares.

The minimum deposit varies based on the account type but starts from as low as $5.

Yes, HFM offers a robust educational section including videos, webinars, podcasts, and live events. They’ve also partnered with Blue Sky Forex for additional webinars.

HFM offers multi-lingual customer support 24/5 through various channels, including email, live chat, and phone support.

Yes, HFM has a loyalty program that rewards active traders with cash rebates and other perks.

HFM provides deposit bonuses, gadget giveaways, and trading contests. They also have a volume-based loyalty program and a Return on Free Margin program.

HFM caters to traders from most countries except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu. EEA traders must trade via the Cyprus subsidiary.

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