HFM Top Up account is not available for traders in the EU, UK, and Australia. The HFM Top Up Account is distinctive for offering a bonus on every eligible deposit but is exclusively for traders under the regulation of the Financial Services Authority (FSA) of Seychelles. HFM Pro account is not available for traders in the EU, UK, and Australia. Additionally, the HFM Premium account is available as a swap-free option, accommodating traders of Islamic faith. The HFM Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The HFM Premium account caters to retail traders globally as it is available under any HFM entity.
What type of broker is HFM?
Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no.
HFM’s free webinars also enhance the overall approach to educating beginner traders. The HFM Trader’s Board has data on how HFM clients trade and a lucrative partnership program is also available. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry. It enables all trading strategies with a cutting-edge trading environment and competitive fees. HFM offers upgraded MT4/MT5 trading platforms and its proprietary mobile trading app.
HFM may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected. The firm protects funds with various safeguards such as segregated bank accounts. For CFD trading, HFM offers a wide range of assets and has been recognized for its excellent trading conditions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times.
HFM Group Regulation and Security
The HFM Pro account stands out with its competitive spreads, starting from just 0.6 pips, which is 40% cheaper than the industry standard of 1 pip, without any trading volume commission. Experienced traders require a minimum deposit of $100 to start trading with the Pro account. The HFM Cent account offers spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, and no attached trading volume commissions.
Customer Support
It is primarily a CFD broker and applies overnight fees, which are not favourable for long-term investment strategies. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data. They also offer fast execution times and the option to automate trades with Expert Advisors (EAs). These tools include online trading courses, educational videos, webinars, seminars, podcasts, and how-to videos Whenever there is a difference between the offers, it will be promptly stated. HFM (formerly known as Lunar Capital review HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group.
HFM excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions. It’s particularly beneficial for beginners due to its educational resources, demo account, and low minimum deposit requirements. HFM is a globally recognized company dedicated to providing several account types and trading platforms, catering to both novice and experienced traders. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as HFM does not accept them via its international brokerages. Minimum Deposit The minimum deposit at HFM is between $0 and $100, depending on the account type.
They work for casual trading but consider other options for better cashback. Works fine for swing trades, avoid for news scalping. Saved my account when CHF went nuts and https://lunarcapital.team/ would’ve wiped me out.
Certain products & services may or may not be available to all clients depending on which HFM Group entity their trading account(s) adheres to. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Filippo Ucchino created InvestinGoal, an Introducing Broker company offering digital consulting and personalized digital assistance services for traders and investors. HFM also provides free services such as Autochartist and premium trading tools.
Has HFM won any industry awards?
- Holding over 16 years of experience in global financial markets, and 4 B.A.
- Yes, HFM is considered a good broker for a variety of trading activities.
- Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions.
- The HFM Pro account stands out with its competitive spreads, starting from just 0.6 pips, which is 40% cheaper than the industry standard of 1 pip, without any trading volume commission.
The HFM Zero account is a versatile trading solution suitable for traders of all levels, under any HFM entity. Cent account includes transactions and balances in USD cents, with a minimum deposit requirement of $0. The HFM Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units. The HF Markets minimum deposit ranges from $0 to $5000 depending on the account type. Forex spreads start from 0 pips and there’s a $6/lot round turn commission. They offer a demo account, require a low minimum deposit, and provide a wide range of educational tools catering to all levels, from beginners to advanced.
Opening an Account
When it comes to withdrawal fees, HFM does not charge any fees on withdrawals except for a 1% commission when using BitPay. Also, depending on the method there is a minimum withdrawable amount up to $100. Additionally, the HFM withdrawal method must be the same used for depositing funds.
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. Both HFM PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250.
Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well. The Premium account still maintains an accessible entry point with a minimum deposit of $0. The HFM Zero account requires a minimum deposit of $0 which makes it readily accessible.
- Traders can choose between the MT4 and MT5 trading platforms within the HFM Pro account.
- The HFM Zero account features raw spreads from 0 pips and a trading volume commission of $6/lot round turn.
- Not all payment processors are available to every client, restricted by geographic location, and HFM sends withdrawals to clients via the deposit path and any access via bank wire.
- Yes, HFM offers several bonuses and promotional offers to its traders outside the EU, the UK and Australia.
- HFM has established itself among the most competitive Forex brokers with a quality mix of products and services.
Can I test all HFM account types with a demo account?
One of the most ignored trading costs is swap rates on leveraged overnight positions. Active traders can lower expenses via the volume-based loyalty program. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Since HFM Group has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets (SV) Ltd. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. HFM also understands the importance of competitive regulation, leverage, and loyalty programs.
Ultimately, this means that traders get the very best price from the many liquidity providers that HFM has in place. In other words, for every trade it charges $14 which is 40% higher than the industry standard. No, the only HFM demo accounts available are the Cent, Zero, Premium and Pro accounts. Traders can utilise MT4, MT5, and the HFM App trading platforms with the HFM Top Up account. Traders can utilise both MT4 and MT5 trading platforms with the HFM Premium Pro account. The HFM Premium Pro account offers a range of base currencies including USD, EUR, and PLN.
HFM Premium Pro Account
HFM offer their proprietary online trading app, which is available for both Android and iOS. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HFM App. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. HFM does not charge internal deposit or withdrawal fees, except for a 1% levy on cryptocurrency withdrawals, but third-party costs apply. HFM describes its products and services well, and it has plenty of videos and a well-structured FAQ section. The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms.
Which broker is better than LunarCapital?
In our expert view, the best alternatives to LunarCapital are: eToro – Global social trading broker. Oanda – US forex broker. Forex.com – Global CFD and forex broker.
The core trading environment consists of cutting-edge trading tools, low trading costs, a balanced asset selection, and high leverage. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Holding over 16 years of experience in global financial markets, and 4 B.A. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker’s quality.
I value the HFM investment made using AI and big data to help clients navigate financial markets, especially with more than 500 CFD assets available to trade. HFM offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. I value the HFM investment made using AI and big data to help clients navigate financial markets, especially with more than 500 CFD assets available to trade.HFM maintains a valuable educational section for beginners.
Yes, HFM is good for beginners as it offers high-quality research, a well-thought-out introduction to trading, accounts with no minimum deposit, and a trustworthy trading environment. HFM’s primary income sources are spreads on all the accounts and trading volume commissions of $6/lot round turn on the Zero account. The cheapest account on HFM is the HFM Zero account with raw spreads starting from 0 pips and $6/lot commission round turn (14% cheaper than the standard industry commission of $7/lot). These PAMM accounts are specialised for trading in Forex, metals, oil, and indices with a minimum trade size of 0.01 lot.
What is the HFM minimum deposit?
Each trading platform offers fundamental analysis tools along with basic trading indicators (such as Moving Averages) for technical analysis. The HFM maximum leverage may slightly differ also depending on the regulatory framework of your country and the HFM entity you are trading with. Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia, under the HF Markets entity. On HFM you can trade over 500 CFD (Contract For Difference) assets in different markets such as Forex, metals, energies, indices, stocks, commodities, bonds, ETFs and cryptos. Lastly, HFM earns from B-book execution of some trading orders where HFM acts directly as counterparty, earning on losing trades. Additional revenue comes from services like VPS hosting, which requires separate payment until you deposit over $400.
Overall, the HFM maximum leverage ranks among the most generous ones, providing traders with a potential edge. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of HFM quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
