HFM Information
HFM, founded in 2010, HFM is a multiregulated online trading broker that provides both individual and institutional clients with online trading services. HFM has been headquartered in Cyprus but serves several global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines.
Pros & Cons
Pros:
Wide range of trading instruments
Multiple account types
Rich educational resources
Multiple trading platforms
Various customer channels
Cons:
No 24/7 customer support
Market Instruments
HFM offers a diverse range of 500+ CFDs on Forex, Commodities, Metals, Bonds, Energies, ETFs, Indices, Cryptos, and Stocks. This extensive offering provides traders with a wide range of investment opportunities and the ability to diversify their portfolio.
Account Types
HFM indeed offers a range of accounts to suit various trading styles and levels. They provide the option of Cent, Zero, Pro, and Premium accounts, catering to both novice and experienced traders.
| Account Type | Minimum Deposit | Swap free |
| Cent | $/€0 | ❌ |
| Zero | $/€0 | ✔ |
| Pro | $/€100 | ✔ |
| Premium | $0 | ✔ |
The Pro account requires an initial deposit of $/€100 to get started. Interestingly, HFM does not impose a minimum deposit requirement for the Cent, Zero, and Premium accounts.
Alongside these, they also offer free demo accounts, allowing potential traders to test out their platform and develop their trading strategies before committing real money.
Leverage
HFM offers a maximum leverage of up to 1:2000, which can be an attractive feature for traders looking to maximize their potential profits with a smaller investment. This high leverage also provides greater market exposure and trading opportunities, allowing traders to take advantage of price movements in various markets.
However, it is important to note that high leverage also comes with high risk and potential losses. Traders must exercise proper risk management and discipline to avoid margin calls and account liquidation. While this feature may attract experienced traders, it may not be suitable for all, especially beginners or those with limited capital.
Trading Platforms
HFM offers multiple trading platforms including the popular MetaTrader4 and MetaTrader5 platforms as well as their proprietary HFM Trading App.
The MetaTrader4 and MetaTrader5 platforms are widely used in the industry and provide traders with access to a wide range of trading tools and indicators.
The HFM mobile app is relatively new but has an intuitive user interface and advanced charting features. However, it may have limited customization options and a limited selection of third-party plugins and add-ons.
