Furthermore, the platform hosts a Traders Hall of Fame, spotlighting individual traders with notable achievements. HFM has earned multiple recognitions in recent years across various aspects of the financial services sector. You can trade CFDs on over 1000 financial instruments. HF Markets offers a diverse range of trading instruments across various asset classes.

How does HFM support client education?

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. 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. 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. HFM offers five market execution accounts, three of which are standard trading accounts.

Depending on the trading strategy, it may become the most significant fee per trade. One of the most ignored trading costs is swap rates on leveraged overnight positions. 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. Equity CFD commissions of 0.10% and trading costs on commodities, indices, ETFs, and bonds remain equally competitive. Active traders can lower expenses via the volume-based loyalty program.

Who is the most trusted Forex broker?

  • Best Overall: IG.
  • Best for Low Costs: XTB.
  • Best for Beginners: AvaTrade.
  • Best for Advanced Traders: Pepperstone.
  • Best for Active Traders: CMC Markets.
  • Best for Mobile: FOREX.com.
  • Best for U.S. Traders: tastyfx.
  • Best for Trading Experience: CMC Markets.

This gives you the ability to use leverage, which can amplify profits but also significantly increase potential losses. You’ll find the usual suspects like forex pairs, popular metals (Gold, Silver), energies (Oil), major stock indices, and a decent selection of individual company stocks. Compensation schemes (like FSCS in the UK or ICF in Cyprus) also only apply under specific regulations, offering protection if the broker fails. HFM is quite popular, particularly in certain regions, and scores well in areas like available features and support. Having been around since 2010, they’ve built a significant global presence and are generally seen as a reliable broker. The broker’s long history and occasional promotions or contests are also seen positively by some users.

Is HFM Regulated?

For MT4 users, the MT4 mobile app offers classic real-time charting, technical indicators, automated trading via EAs, and order management (market, limit, stop). 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. Malaysian traders also enjoy access to regular promotions and bonuses.

What Promotion Plans and Bonuses Does HFM Offer?

While HFM does offer promotions, they are typically available to all eligible clients rather than being exclusive to specific partner codes. HFM operates a legitimate partner/affiliate program where partners can earn commissions by referring clients. Founded in 2010, HFM has built a global presence with multiple regulatory licenses and a comprehensive trading offering. HFM (HF Markets), formerly known as HotForex, is a well-established and regulated multi-asset broker with a strong reputation in the industry. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.

Deposit Methods

  • In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page.
  • HFM operates a legitimate partner/affiliate program where partners can earn commissions by referring clients.
  • While the broker offers numerous advantages, it’s essential to consider these factors in the context of your individual trading needs and preferences.
  • Overall4.0/5Fees4.0/5Deposit and withdrawal5.0/5Asset selection4.5/5Ease of account opening5.0/5Regulation and security5.0/5

While the broker https://lunarcapital.vip/ offers numerous advantages, it’s essential to consider these factors in the context of your individual trading needs and preferences. This multi-jurisdictional approach ensures that the company adheres to strict regulatory standards, providing traders with a secure and transparent trading environment. HF Markets, short for “Hot Forex Markets”, is a well-established and reputable broker serving traders worldwide since 2010. HFM offers commission-free Forex trading (except on Zero account) with floating spreads from 0.0 pips. HFM appears to be a legitimate and regulated broker with competitive trading conditions.

For an HFM TRC20 deposit, start by selecting “Cryptos” in the deposit menu, choose Tether (TRC-20), and specify the amount—minimum $30. For transactions involving currencies other than the account’s base currency, conversion fees are applied based on internal exchange rates. However, inactivity charges begin after six consecutive months without account activity, with a $5 monthly fee.

Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. Chris Cammack is the Partner Manager and a financial writer at FxScouts. 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. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page.

Visit the broker’s main website and initiate your sign-up by selecting the “Register” button. Reports of poor customer support Competitive spreads and leverage Diverse account types

Overall4.0/5Fees4.0/5Deposit and withdrawal5.0/5Asset selection4.5/5Ease of account opening5.0/5Regulation and security5.0/5 For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Live Spreads: Zero Account is Competitive

Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. 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.

  • Traders at HFM can access MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on desktop, web, and mobile.
  • Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory.
  • We were also able to access the HFM podcast; generally published mid-week, this is a detailed look at recent market movements and a look ahead to potential market-impacting events.
  • Yes, both MetaTrader 4 and MetaTrader 5 are available for traders.

We found that HFM’s customer support is better than most other brokers. Overall, we found that the analysis provided by HFM’s experts is detailed and accurate and is on par with the in-house research provided by other large international Forex brokers. We were also able to access the HFM podcast; generally published mid-week, this is a detailed look at recent market movements and a look ahead to potential market-impacting events. From here, we were able to access monthly and quarterly outlooks, video analysis, special reports, and intraday charts. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies. In partnership with FXSTREET, a respected market news aggregator and publisher, HFM provides a constant stream of news that impacts the markets.

Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. Compare the best Forex brokers in the Malaysia and find the one that suits your trading style and budget. Check out these other guides to enhance your forex trading knowledge and skills. Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. Toll-free local phone numbers and email addresses give clients direct, free access to quality customer service in their language.

What is the HFM trading platform?

The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot. 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.

Deposit and Withdrawal

I like to note the awards for best trading conditions and client security, as they belong to the HFM core offering to traders, where HFM excels. I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade. 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.

What is the 2% rule in forex?

One popular method is the 2% Rule, which means you never put more than 2% of your account equity at risk (Table 1). For example, if you are trading a $50,000 account, and you choose a risk management stop loss of 2%, you could risk up to $1,000 on any given trade.

The MT5 mobile app supports live and demo accounts with full charting tools, pending and market orders, multiple indicators, timeframe analysis, and account overview. High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure HFM clients have a notable edge in financial markets. HFM offers a deposit bonus for each deposit, the HFM Traders Awards, and trading contests for live and demo accounts also exist. By DailyForex.com TeamThe 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. With more than 2,500,000 live accounts supporting 27+ languages, HFM understands the needs and requirements of profitable traders, for which I applaud and recommend them. HFM offers clients upgraded MT4/MT5 trading platforms, PAMM accounts, and a proprietary copy trading service.

I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. Besides the 12-plugin MT4/MT5 upgrade and the Autochartist plugin, HFM offers VPS hosting, supporting 24/5 algorithmic trading and API trading, allowing demanding clients to connect advanced trading solutions to the HFM infrastructure, plus a sentiment index. Clients can access their accounts through the app and trade more than 500 CFDs. The minimum deposit is $0, but it takes $100 for the most competitive trading account.

All accounts are compatible with MT4, MT5, WebTrader, and HFM’s proprietary platform. Each account is designed to serve a different type of trader—from beginners using micro-lots to experienced professionals and passive investors. LunarCapital forex brokers reviews HFM has a larger number and wider range of assets to trade than most other CFD brokers. Select another broker to another broker to compare features, fees, and platforms side by side. The products and services available may vary according to the HFM Group entity a client’s account is registered under.

The focus is a market news blog, split between fundamental and technical analysis, and trader education. This is unusual in the industry, as while most brokers will try to educate beginners, traders with more experience are often underserved. More experienced traders will also find the information and material on offer useful, especially the webinars and video analysis on more advanced topics. Traders who open a demo or live account will get access to the HFM e-Course. Other trading tools available at HFM include a range of trading calculators, which can be used to calculate pip value, swap fees, risk percentages, and support and resistance levels. HFM offers an excellent range of trading tools, including Autochartist, a free VPS service, and a set of Premium Trading Tools.

While the overall sentiment is positive, potential clients should consider both praise and criticism when deciding. The website states that the brokerage typically replies to reviews within a week, and HFM has addressed all negative comments. Here’s a list of countries where HFM cannot provide its services. Providing several channels for clients to seek help is crucial in any online platform. The firm provides several promotional programs and bonuses to attract new clients and reward existing ones.