While all these tools are provided free, we were disappointed that traders are required to make a substantial deposit before access is provided. While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. This account combines raw spreads starting at 0.2 pips with a commission charge, and requires a minimum deposit of USD 250. This account requires no minimum deposit, allows trading with micro-lots, and has spreads starting from 1.2 pips. We could immediately deposit funds into our accounts, but our accounts were only ready for trading after two days. HFM offers six account types, which is more than most other brokers.

Traders who open a demo or live account will get access to the HFM e-Course. HFM has a competent in-house research team that produces high-quality and useful market analysis materials. The app also provides live webinar registration and demo account access. Features include account opening, fund transfers, customisable trading by amounts, lots or units, and comprehensive trade history with performance analytics.

FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. Don’t miss out on our weekly newsletter to further enhance your trading success. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. The radar chart to the left shows how important each category is when calculating a broker’s final score. We ensure transparency by incorporating regulator data and user insights.

Users can manage multiple MT4, MT5, and HFcopy accounts in one place. Copy trading is available on MT4 and HFM’s web platform, and each HFcopy account can follow one provider at a time. All accounts are compatible with MT4, MT5, WebTrader, and HFM’s proprietary platform. HFM has a larger number and wider range of assets to trade than most other CFD brokers. HFM supports the MT4 and MT5 platforms in addition to its own mobile HFM Trading App, which allows clients to trade from charts and make deposits and withdrawals.

HFM (formerly HotForex) continues to maintain its position as a reputable multi-asset broker in 2026. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Currency trading on margin involves high risk, and is not suitable for all investors.

Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. Join us today and be part of the future of online trading.HF Markets Holdings Ltd is the holding company of HF Markets (UK) Ltd, HF Markets (DIFC) Ltd, HF Markets (Europe) Ltd, HF Markets SA (PTY) Ltd, HF Markets (Seychelles) Ltd and HFM Investments Ltd. The data contained in this website may not be real-time and accurate. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. FX trading is of high risk and may not be suitable for all investors.

HFM offers five market execution accounts, three of which are standard trading accounts. Since our founding in 2010, we have become a leading global trading platform, empowering traders in 180 countries to access financial markets with confidence and ease.Our dedication to trust and transparency sets us apart as a trusted partner in the industry. The timing of HFM trading fees varies, where spreads apply instantly when a trader opens a position. Despite being significantly less frequent than trading fees, traders should know about them to avoid confusion. HFM trading fees apply to each transaction and are asset and account type dependent.

Meet the Experts Behind Our Unbiased Reviews

Mobile access is 24/7, and mobile apps employ the latest SSL encryption technology for security. It is also much easier to search for an instrument to add to the market watch list than on MT4. We recommend using MT5 if you are looking for a more powerful and faster trading platform when it comes to back-testing functionality for automated trading algorithms. There are three chart types, including Line, Bar, and Candlestick charts and you can access a wide selection of indicators in multiple timeframes.

HFM charges between $6.00 and $8.00 per 1.0 standard round lot in commissions in its Zero Spread account. Commissions, if applicable, apply when traders open and close trades and swap rates on leveraged positions after the cut-off time. HFM additionally protects traders with its market-leading €5,000,000 civil liability insurance policy per client.

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In partnership with FXSTREET, a respected market news aggregator and publisher, HFM provides a constant stream of news that impacts the markets. More experienced traders will also find the information and material on offer useful, especially the webinars and video analysis on more advanced topics. This course is well-structured and includes the basics of Forex theory and Forex trading, reading, and interpreting charts, trading strategies, trading psychology, and technical analysis.

HFM’s Customer Service

Founded in 2010, HFM (HF Markets) has established itself as a global broker offering trading services across multiple asset classes. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. We work hard to offer you valuable information about all of the brokers that we review. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency.

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• HFM charges no fees for deposits and withdrawals, but withdrawals via credit and debit cards take up to 10 days to be processed, which is slow compared to other brokers.
• From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape.
• FX trading is of high risk and may not be suitable for all investors.
• Non-supported currency deposits result in currency conversion fees.

This is a much faster method of depositing and withdrawing funds than a standard bank wire, with deposits reflecting almost instantly and withdrawals received within 2 business days. As such, all non-profit funds are returned to the original deposit source. As a regulated broker, HFM ensures that all Anti-Money Laundering rules and regulations are followed. The VPS service is only available to traders using the MT4 platform. Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Overall, HFM provides a good selection of third-party platforms but lacks its own in-house trading platforms, which are usually more user-friendly.

• Explore the best Forex brokers for beginners, with user-friendly platforms, educational resources, and demo accounts.
• The VPS service is only available to traders using the MT4 platform.
• HFM appears to be a legitimate and regulated broker with competitive trading conditions.
• Trading Forex is risky, and each broker must detail how risky the trading of Forex CFDs is to clients.
• While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

A $2.00 per lot rebate bonus exists, lowering final trading fees for active traders, but an $8,000 maximum exists. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Explore the best Forex brokers for beginners, with user-friendly platforms, educational resources, and demo accounts. To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. HFM’s research and market analysis is divided into three main sections, each of which provides a specialised benefit for traders looking for market insight and trading opportunities.

Get a full breakdown of HFM trading and non-trading costs in our review below. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. Trading Forex is risky, and each broker must detail how risky the trading of Forex CFDs is to clients.

How much does HFM charge for withdrawals?

HFM charges a monthly $5 inactivity fee after six months of dormancy. HFM supports USD, EUR, NGN, and JPY as account base currencies, but geographic restrictions apply on their availability. Therefore, a trader making a $200 deposit will receive $200. Swap rates, or overnight financing, apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend. The HFM commission-free pricing environment is not notably cheap, although it cannot be said to be expensive, with minimum costs of 1.0 pips or $10.00 per 1.0 standard round lot.

Award-winning customer service and a client-focused approach to business mean that beginner traders at HFM can rely on excellent support. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies. Overall, the quality of the educational content is very high, and HFM obviously does its best to educate beginner traders. These webinars do not require an account at HFM, but you will need to register

Our analysis covers the broker’s legitimacy, regulatory status, trading conditions, and the veracity of claims regarding this specific partner code. 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. HFM’s terms and conditions note currency conversion fees at reasonable exchange rates, which fluctuate continuously. Knowing the HFM fees will help traders understand what they must pay, why they must pay, and how those costs fare against competitors.

Trading Tools

Webinars on current events, advanced trading strategies, and risk and money management are run every few days. Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory. Traditional deposits are handled on weekdays and conditions apply to each deposit option.

HFM’s Trading Platforms and Trading Tools

HFM also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface. For MT4 users, the MT4 mobile app offers classic real-time charting, technical indicators, automated trading via EAs, and order management (market, limit, stop). Select another broker to another broker to compare features, fees, and platforms side by side. It also has several excellent trading tools to assist traders further.

Non-trading fees are charged against account transactions other than trading, like deposits, withdrawals, and inactivity. Since trading fees are one of the most defining aspects in evaluating a broker, traders should carefully consider them in detail. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. HFM charges no fees for deposits and withdrawals, but withdrawals via credit and debit cards take up to 10 days to be processed, which is slow compared to other brokers. Other trading tools available at HFM include a range of trading calculators, which can be used Lunar Capital website to calculate pip value, swap fees, risk percentages, and support and resistance levels. The MT5 mobile app supports live and demo accounts with full charting tools, pending and market orders, multiple indicators, timeframe analysis, and account overview.

HFM trading fees are spreads, commissions, swap rates, and currency conversion fees. Four of its six standard accounts have no minimum deposit requirements and have competitive trading fees. While the commission-free HFM pricing environment average, clients who trade major currency pairs in the commission-based alternative achieve more competitive trading fees.

HFM, founded in 2010, segregates client deposits from corporate funds and offers negative balance protection on leveraged trades. Swap rates are the most ignored trading costs, but they may become the most significant fee https://lunarcapital.team/ per trade, dependent on the trading strategy. 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.