Best More Detailed Review Of HFM Forex Broker 2023

What is HFM?

Previously known as HotForex, HFM is a multi-asset broker that provides Forex and Commodities through CFDs trading services with a variety of 7 account types and trading platforms with narrow spreads averaging EUR USD 0.1. 

The broker offers unfettered liquidity access, enabling traders of any size or profile to select between different spreads and liquidity providers using automated trading platforms and the effectiveness of any strategy.

The brokerage company was founded in 2010 and has offices around the world, including Dubai, South Africa, and offshore corporations in St. Vincent and the Grenadines. Its headquarters are in Cyprus.

While HFM does actually show a lot of interest and influence, especially in the African, Asian, and MENA regions, giving inhabitants around the world some fantastic chances.

As a result of holding the necessary licences required to operate in the Forex market, HFM provides services that can be trusted.

HFM pros & cons

Pros

1. HFM has achieved a nice balance between its own market research, information from outside sources, and news.
2. Data on correlation and mood can be found in the Traders Board module of HFM.
3. The improved HFM app now supports trading of 1,200 markets.
4. HFM has achieved a nice balance between its own market research, information from outside sources, and news.

Cons

1. All account types have trading expenses that are marginally higher than the industry standard.
2. Despite having a respectable range of videos, HFM's educational content might stand to gain from the addition of more articles.

HFM is a reputable broker with the necessary licences. The service is user-friendly, has a sizable Forex and CFD portfolio, is considered to have cheap fees, and has a solid education part that is appropriate for new traders.

On the other hand, XM exclusively offers Forex and CFDs to EU clients and has a small portfolio.

Account types

HFM offers an unrivalled selection of account options, including 6 separate accounts, each with unique needs. The portfolio includes Islamic Accounts ideal for traders from the MENA region and abroad, as well as Micro, Premium, Zero spread, HFCOPY, and PAMM Premium Accounts.

You can register for a Demo Account right away and later, by making a deposit of funds, convert it to a Live Account.

Each type of account offers a unique opportunity for your trading approach while enabling pros, investors, and new traders to each establish their own trading style. Options include the chance to trade micro lots, a designated account for copy trading, or the option to open a masker account. You may read about each comprehensive disparity in our HFM Review below to better grasp what each option is all about.

How to open a Demo Account?

You can access the MT4 or MT5 platforms with unlimited demo funds by simply following the steps for risk-free account opening to open a demo account.

And once you're prepared or have made the decision to begin live trading, you can apply for a live account with HFM, who may require you to confirm your identification and residency documentation before you begin. You will have access to the myHF client area in both situations, where you can manage all of your accounts and finances.

1. Go into HFM Demo Account Sign In page.
2. Enter your personal information, including First and Last Name, Country of Residency, Email, Phone, etc., if you are a new client. Alternatively, if you are already a client, please sign in.
3. Fill in all required information for the first register of myHF.
4. An account will be approved quickly, allowing you to access a new demo account through your client area before switching to a live account and managing your assets.

Fees

HFM Trading Costs is a leader in the tight spread market and also offers some of the most lucrative spread opportunities in the business, including spreads as low as 0 pip on some accounts. To determine your total trading costs, check the additional non-trading fees and charges for deposits or withdrawals listed in the fee table below.

Source : 

• https://55brokers.com/
• https://www.forexbrokers.com/