Abstract：Established in 2010, HFM Market is an online trading broker registered in Cyprus. It operates under the supervision of CYSEC, FCA, DFSA, FSA and offers more than 500 trading instruments. In addition, it sets up 4 types of accounts for traders with different trading needs and experience, all of which can use the 3 trading platforms it provides. In terms of fees, the account can be commission-free trading, 0 pip starting spread trading forex and specific instruments without swaps.
HFM Group Review
Established in 2010, HFM Market is a multiregulated online trading broker registered in various countries. It operates under the supervision of CYSEC, FCA, DFSA, FSA and offers more than 500 trading instruments.
In addition, it sets up 4 types of accounts for traders with different trading needs and experience, all of which can use the 3 trading platforms it provides.
In terms of fees, the account can be commission-free trading, 0 pip starting spread trading forex and specific instruments without swaps.
Is HFM Market Legit?
As you can see, the HFM Market is regulated by CYSEC, FCA, DFSA and offshore regulated by the FSA.
Therefore, the HFM Market is safe in terms of regulation.
The above regulatory information and licenses are provided by WikiFX. WikiFX, as a transparent window for information, always contributes to a more secure, efficient and honest trading environment.
What can I trade on HFM Market?
HFM Market offers 500+ trading instruments, specifically related to the following:
- Forex: 50+ currency pairs covering major currencies, minor currencies and exotic currencies.
- Metals: Precious metals such as gold, silver, platinum and palladium can be traded at spot prices.
- CFDs On Energies: Choose between spot contracts or futures contracts to trade in the crude oil market using CFDs.
- Indices: Supports access to global indices including the US 500 and the UK 100.
- CFDs On Stocks: Support for trading CFDs on stocks of the world's largest and best-known companies such as Apple, Amazon and Meta.
- CFDs On Commodities: Soft commodities as well as hard commodities such as cocoa, coffee and copper are included.
- CFDs On Bonds: Bonds issued by the world's leading economies, such as UK and US government bonds, can be traded.
- CFDs On ETFs: Covers markets, sectors, currencies and commodities.
- CFDs On Cryptocurrencies: Cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin.
Account Types & Open an account
Cent Account, Zero Account, Pro Account, Premium Account are 4 types of accounts offered by HFM Market, and the details of the accounts are straightforward. You can choose the account type according to your actual situation and needs.
The more obvious common point of these four types of accounts is that the trading platform is consistent, and the maximum leverage is consistent at 1:2000. The minimum trade size and trade size increment are the same.
In addition, these accounts are aimed at different types of traders. Take the Cent Account for example, has a minimum opening deposit of $0, and beginners can start with forex and gold to familiarize themselves with trading. Going further, Pro Account, which is suitable for more experienced traders, can trade any instrument.
Basically, you can only trade in USD or EUR. By the way, HFM Market also offers the demo account for traders.
The procedure for opening an account is basically as follows:
- Create an account using your email address and password. Select your country of residence, which may affect the availability of the account type.
- Verify your email address to prove your identity.
- Provide personal details including full name, gender, country of birth, phone number and base currency.
- Choose the type of account that matches your trading experience and strategy.
- Consider whether to accept the top-up bonus and read and understand the terms and conditions of the bonus.
- Complete the account opening process and load the trading platform.
- Finally, make a deposit to start trading.
The whole process of opening an account is online, so it is not complicated.
HFM Market Fees
The fee component is mainly composed of account spreads and commissions as well as spreads of various trading instruments.
First, make it clear that the spread starts differently for the four accounts. In addition, except for Zero Account, the remaining three accounts are commission-free. All four accounts waive swap fees for specific devices.
Secondly, the commission situation of Zero Account is as follows, different commissions are charged for currency pairs and gold.
Commissions for all currency pairs are divided into trade sizes of 1000, 10000, 100000. Among them, there is a maximum charge of $3 per side and $6 round turn.
For Gold, the trading size is divided into 1 Ounce, 10 Ounces, 100 Ounces. Within that, there is a maximum charge of $7 per side and $14 round turn.
HFM Market provides the spread of various trading instruments in 4 account types. The spread is stated in Cent Account here.
In the forex pairs, the spread of USD/EUR was as low as 1.4, and the lowest spread of the remaining forex pairs ranged from 1.4 to 2.6.
For more details, you can refer to: https://www.hfm.com/int/en/trading-instruments/forex
The lowest spread for metals is 0.26 and 0.25.
Take Premium Account as an example, the lowest spread On Energies for CFDs ranges from 0.04 to 0.09.
Also, taking the Premium Account as an example, the Indices' lowest spread ranges from 0.23 to 10.0.
If you want to learn more about spread information of specific trading assets, you can visit: https://www.hfm.com/int/en/.
Trading Platforms
HFM Market presents a total of 3 trading platforms, including its own platform HFM Online Trading App, as well as the widely used MT4 and MT5.
The HFM Online Trading App can be used on mobile. You can trade 100+ instruments and manage multiple accounts. Custom transactions and transaction history analysis are also part of its capabilities.
HFM Market offers CFDs trading of over 250 financial instruments via MT4, compatible with desktop, mobile, tabletand web. Various features such as automated trading and a wide range of technical analysis tools are available.
MT5 is an advanced version of MT4, offering superior tools and advanced features for beginners and professional traders. It supports more than 3000 instruments for trading. More than 80 metrics and tools, 21 different time frames and more, are much more numerous than MT4. Similarly, MT5 can be used on desktop, mobile, tablet, and web.
Here is a comparative overview of the three platforms, including a parallel comparison of their main features. You may refer to:
Deposit and Withdrawal
There are a total of 8 deposit methods, usually do not charge deposit fees. Among them, the minimum deposit is $5.
There are 6 withdrawal methods and no withdrawal fee is charged. Among them, the minimum withdrawal amount is $5.
Trading Tools
HFM Market offers up to 11 tools to make trading easier for you.
- Premium Trader Tools: A multi-platform tool that can be downloaded and installed on MT4/5 to meet the various needs of traders.
- Autochartist Tool: The first scanning tool on the MT4/5 market that can be customized to your trading tool.
- Exclusive Analysis: Expert teams share market analysis.
- The HFM App: Deliver anytime, anywhere via the HFM app.
- Economic Calendar: A real-time, customizable economic calendar that tracks global economic events and indicators and predicts market movements.
- SMS Services: Stay alert to changes in the market and subscribe to services.
- Trader's Board: Get market news, identify the biggest currency moves, and gauge market sentiment.
- VPS Hosting: Secure your automated trading strategies with HFM VPS (Virtual Private Server).
- One Click Trading: One click trading, suitable for short-term traders.
- myHF Area: Manage your HFM trading account.
- Calculators: Trading calculators that provide instant results.
Education
Education is divided into 6 parts: Online Trading Courses, Educational Videos, Webinars, Events, Podcasts, How To Videos. Provide traders with resources to learn and understand in different forms.
- Online Trading Courses: The Courses cover 12 topics, from entry-level to advanced.
- Educational Videos: Videos are divided into 6 columns: As seen on Bloomberg, Psychology of Trading, Forex EssentialsTechnical Indicators, The importance of Central, Banks, Trading Strategies.
- Webinars: Webinars are targeted at different types of traders, are held geographically and can be attended weekly.
- Events: HFM Market enables you to participate in events and learn trading strategies and techniques.
- Podcasts: In addition to video learning, podcasts are also an option.
- How To Videos：Learn how to use the trading platform.
Customer Support
Contact HFM Market for customer support by phone, mail, 24/5 live chat and on all major social media.
The Bottom Line
HFM Market is a well-regulated and mature broker with 500+ trading instruments, diversified account types and multiple trading platforms that cater to a wide range of traders, from complete beginners to experienced veterans.
As a reminder, traders looking for a wider range of assets beyond Forex and CFDs may want to consider other brokers.
You can rest assured of the above. WikiFX has been in the industry for more than ten years, providing users around the world with simpler and safer foreign exchange industry information regulatory inquiry services, including but not limited to company qualifications, regulatory status, historical performance, user evaluation, risk rating and other dimensions, which have been strictly verified.
