HomeHFM (HotForex) Review

HFM (HF Markets) Review 2023

HFM (HotForex) – a highly valued member of HF Markets Group, is an award-winning brokerage that serves both retail and institutional customers with its highly innovative and automated trading services. Having over 3,500,000 live accounts, HFM (HotForex) is recognized for being the best in the forex industry. Offering various trading software, account types, and tools, it enables easy online trading of forex and its derivatives.

VISIT HFM’S OFFICIAL WEBSITE

Regulations

HF Markets (SV) Ltd is registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.

Aiming to improve, control, and enforce world-class regulation of financial services, HFM (HotForex) is being regulated by:

  • FCA -Financial Conduct Authority (United Kingdom)
  • DFSA – Dubai Financial Services Authority
  • FSCA – Financial Sector Conduct Authority (South Africa)
  • FSA – Financial Services Authority (Seychelles)

Security

Being a trading leader and specialist in trading commodities, indices, and stock, security is a top-notch priority for HFM (HotForex). It provides match-less security and continuous customer support for secure holding of funds and to diminish the risks of trading. Let’s have a look at the security features of HFM (HotForex):

  • Accounts with Major Banks

HFM (HotForex) ensures a high level of liquidity by processing all transactions only through major global banks.

  • Segregation of Funds

For the utmost satisfaction of clients, HFM (HotForex) keeps its funds in completely segregated accounts. The company account is distinct. The client’s account is completely secure and is always missing from the balance sheet of the company to eliminate any chance of flow from the client’s account to the company account.

  • Market Leading Insurance

HFM (HotForex) ensures minimizing the risk of loss through the Civil Liability Insurance Program for a limit of €5,000,000 which includes coverage against financial loss caused either by errors, fraud, negligence, or any other factor.

  • Negative Balance Protection

Volatility is a compulsory feature of financial markets that may lead to a negative balance. However, HFM (HotForex) provides maximum protection for trading under highly volatile conditions. If ever you get a negative balance due to market volatility, you will only lose what you have in your account. This means you don’t need to pay the negative balance.

  • Risk Management

HFM (HotForex) continually keeps a close eye on its risk management tools and their effectiveness. It keeps on identifying possible risks and updates its procedures and operations accordingly. HFM (HotForex) never compromises on the financial stability of the company and always fulfills capital requirements.

Trading Platforms

HFM (HotForex) uses industry standard MetaTrader 4, MetaTrader 5, and HFM platforms, which are exemplary in features.

HFM Mobile App – Trade On The Go

Be the first to trade and stay on top of the global markets with the HFM Mobile App. Simply download the HFM App and experience the marvelous world of mobile trading. Rich in stunning features, the fully customized mobile app will let you capitalize on every chance of making money.

With the mobile app, you get instant trading access to 1200+ markets that include stocks, commodities, bonds, indices, stocks, and forex. Giving extreme ease, multiple accounts can be managed in a single wallet. It provides a lot of flexibility where you can place a trade with a single-click using your desired stake amount (in the form of lots – for example, 0.10 lots).

Be vigilant in trading and learn from experience and analysis, it gives you access to your complete trading history.

Here is how you can just start using the app

  1. Download the latest version of the HFM App from the App Store or Google play store
  2. If you already have an account with HFM, simply log in with your credentials. Otherwise register to open a live or demo account, as per your choice.
  3. That’s it …. Start trading.

Control Your Trading Experience

With the highly customizable app and rich features, HFM (HotForex) lets you control your trading experience to make maximum profit and avoid losses. With HFM (HotForex) you can

  • Open, close, and modify the position
  • Manage multiple accounts
  • Use various instruments to grab opportunities
  • Use indicators and charts to trade wisely
  • Access real-time news and updates from markets
  • Receive 24/5 multi-lingual chat support

All these features aid both beginners and amateur traders in improving their analysis. In other words, it is a fairly straightforward guide towards the right track to successful trading. You can also get a feel of the advanced platform through their official website.

Return On Free Margin (ROFM)

One of the most enticing features of HFM (HotForex) is Return on Free Margin (ROFM). Under this program, clients can generate returns on their available margin daily. Regardless of your trading experience, the $1 million cash prizes are available for everyone. You only need to sign up for a real account to subscribe to the ROFM promotional campaign.

The broker uses your daily free margin and the total trading volume for a given month to calculate your earnings. Clients receive returns straight to their accounts, so they may cash out their profits or use the available funds for further investment. To know more details, please visit their official website here.

Diversification Made Easy With HFM (HotForex)

HFM (HotForex) is a multi-asset broker that enables its clients to diversify their portfolios in real terms. Giving access to about 1200+ instruments, it lets its clients diversify their portfolio and grab maximum rising opportunities in the given asset classes:

  • Forex Trading: Trade the world’s most popular currency pairs using the highly standardized and trusted MetaTrader platform
  • Metals Trading: Diversify your portfolio and give a shot to trading gold and other spot metals.
  • Energies Trading: Trade crude oil to give your portfolio a wise expansion.
  • Shares Trading: Invest in shares of top-notch multinational companies at low margins and cost to maximize your profit.
  • Indices Trading: Explore the world of the stock market by trading Derivatives on the most prominent Indices.
  • Bonds Trading: Trade Derivatives on bonds issued by the world’s leading economies.
  • Commodities Trading: Include the most popular soft commodities in your investment portfolio to capitalize on opportunities and manage risk effectively.
  • DMA Stocks Trading: Trade directly on the order books of global stock exchanges.
  • ETFs Trading: Adopt the most feasible way to diversify across markets, sectors, currencies, and commodities.
  • Cryptocurrencies Trading: Trade cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin with complete trust and support.

HFM (HotForex) provides more features in the above-mentioned markets as compared to what others are providing. For instance, forex trading offers a wide range of currency pairs to allow users to enhance their trading experience, diversify their investment portfolio and reduce the risks.

EXPLORE MORE INFORMATION ABOUT ASSET CLASSES

Account Types

To meet the needs of clients and to provide a variety of options and opportunities, HFM (HotForex) offers five different types of accounts. These accounts address the demands of all types of traders. You can open any account as per your specific requirements.  All the accounts are equipped with the best trading conditions and flexibility to allow you to trade the way you want.

For all the account types, you can open a demo or live account. You can choose to devise, test, and practice your strategy in the demo account before going live or you can start directly with the live account.

  • Micro Account

The first type of account, as the name Micro account suggests, is specifically designed for beginners or new traders. To minimize the risk and understand the market dynamics, it requires an initial deposit of only $5. Providing the maximum leverage up to 1:1000, it allows traders to trade up to a maximum of 7 standard lots. The account currency can be in USD, EUR, NGN, or JPY denominations. It allows 150 simultaneous open orders. For an easy, feature-rich, and user-friendly experience, it allows clients to use it on Metatrader 4, Metatrader 5, web trader, or mobile trading platform.

  • Premium Account

As the name suggests, the premium account is meant for experienced retail traders. Using MetaTrader 4, MetaTrader 5, web trader, or any of the Mobile Trading Platforms, the account offers extreme flexibility in selecting the instrument (Forex, indices, energies, spot metals, commodities, and cryptocurrency), and the position size. The minimum trade size is 0.01 lots and you can take a position up to 60 lots in a single trade. The increment on trade size remains flexible at 0.01 thereby allowing you to take up the position size of your choice. Requiring $100 as the minimum initial deposit, it provides the maximum leverage up to 1:5000. The deposit can be made in any of these denominations i.e. USD, EUR, NGN, JPY. It supports up to 300 simultaneous open orders. The account is eligible for the bonuses offered by the company.

  • HFCopy Account

As evident by its name, the HFcopy account is a type of account that is used by two types of traders. The first one, also known as strategy providers (SPs), are experienced traders who devise trading strategies and place their positions. While the second type of trader is the followers of those SPs, who deposit funds and copy trades of their preferred SPs. The SPs aim to grab more and more followers and trade in return for performance fees, which can be as high as 50%.

The HFCopy account uses MetaTrader 4, WebTrader, and mobile trading. Providing the maximum leverage up to 1:4000, clients can trade Forex, Indices, Spot Gold, and Energies. The minimum initial deposit is $500 for strategy providers (SPs) and $100 for followers. The account are in USD. The minimum trade size is 0.01 lot and the maximum is 60 lots. SPs can open up to 300 orders simultaneously and can have 200-1000 followers.

All the above features give an awesome and easy experience to SPs and followers, making the HFCopy Account one of the most preferred choices of traders.

Other Accounts

Apart from the above-mentioned accounts, HFM (HotForex) offers two other types of accounts. Let’s have a look at that:

PAMM Account

This is an awesome program offered by HFM (HotForex) through which clients can invest in forex or other instruments without having to trade themselves. This is quite different from HFCopy accounts in the way that in HFCopy accounts, followers trade themselves. They just copy the positions of their strategy providers, whereas, in a PAMM account, investors only invest. At the same time, their funds are managed by experienced fund managers who carefully and wisely manage accounts to generate maximum revenue.

If you are an experienced and professional trader, you can choose to open a PAMM account as a Manager. You have to allocate funds to your account which will be known as Manager’s Capital and you will be a PAMM manager. You will trade with the manager’s capital and funds of investors. When you successfully manage a client’s funds and generate profit, you will get a Success Fee which is a mutually set percentage of the investor’s profit.

HFM (HotForex) provides all the information that the investors deem important for the selection of a PAMM manager. They can see the ranking of managers, their performance, and their strategy. To ensure unquestionable security, all the transactions are automatically controlled by HFM (HotForex). As soon as the trade is closed, results are displayed on the website and profits/losses are distributed proportionately among the investors.

Zero Spread Account

Zero Spread Account is a commission-based account, specifically useful for high-volume traders, scalpers, and those who use expert advisors (EAs) for trading. With no hidden markups, HFM (HotForex) offers a super tight spread and requires only a $200 initial deposit. The commission starts at $6 per 1 lot traded on the major currency pairs.

Islamic Account

For Muslim clients, HFM (HotForex) offers micro, premium, and zero-spread accounts as Islamic accounts. They are the same as normal accounts but do not demand swap or rollover charges for holding positions over-night.

If you’re looking to find specific sign-up details and requisites, click here and start the process.

Trading Tools

HFM (HotForex) offers you the most competitive trading tools that make trading quite easy for you. The tools and services help you stay vigilant and maximize the chances of profit. Let’s have a look at few of the tools offered by the HFM (HotForex):

  • Premium Trader Tools
  • Autochartist Tool
  • Exclusive Analysis
  • The HFM App
  • Economic Calendar
  • SMS Service
  • Trader’s Board
  • VPS Hosting
  • One Click Trading
  • MYHF Area
  • Calculators

Educational Resources

On the website of HFM (HotForex), you can access rich educational resources related to forex and other instruments. All these resources are contributed by financial experts to equip traders with the necessary knowledge to polish their trading skills and generate profit.

The educational resources include:

  • 25+ videos
  • Forex E-Course
  • Training course videos
  • Webinars
  • Events
  • How-to videos
  • Podcasts
  • Analysis

Most of the resources are free and can be accessed by clicking here.

Deposits & Withdrawals

HFM (HotForex) allows easy deposits and withdrawals through multiple methods during 24/5 standard trading hours. The good news is, that it does not charge any deposit fee. Funds can be deposited through:

  • Bank Transfers
  • Credit/Debit Cards
  • Fastpay
  • Neteller
  • Skrill

Awards

HFM (HotForex) is privileged to be a winner of dozens of highly prestigious awards and titles by the most renowned and respectful awarding institutions. The biggest success is its selection for ranks of World Finance Top 100 Global companies. Moreover, HFM (HotForex) has dozens of highly esteemed awards on its profile which endorses it as truly the most worthy broker to do trading with. Just to name a few awards:

  • Best Forex Broker – Global 2022 – The European Awards
  • Best Forex Broker South Africa 2022 – International Finance Awards
  • Top 100 Companies – World Finance Magazine
  • Best Forex Partners Program Global 2022 – World Business Outlook
  • Most Trusted Forex Broker Asia – Global Forex Awards
  • Best CFD Trading Conditions 2021 – World Economic Magazine

You can see the complete list of awards here by viewing the “About” section, and the list is continually growing. Being a highly competent company with high standards and procedures, HFM (HotForex) is always on top of the list of award-winning companies.

Customer Support

Excellent customer support is available 24/5 in 27+ languages. Live support and FAQs are available on the website from where you can instantly look up the required information. For email and telephonic contact, use the following information:

Signing Up

CREATE YOUR TRADING ACCOUNT

You can sign-up for the HFM (HotForex) live account in less than 3 minutes. Just click the Open Live Account button on the website of HFM (HotForex).  There are three categories available for account opening. These are

  • Individual – for individual traders
  • Corporate – for companies and enterprises
  • Joint – for more than one person

Select the category in which you want to open the account. Fill out the form with the required information and mark the check box for terms & conditions. You will receive the confirmation email. After confirmation of your email ID, you will get your login details. You will also be asked to provide Proof of Legal Existence (PLE) (National identity card, passport, or driving license) and Proof of Address (POA) (for example, a utility bill or bank statement issued within the last 6 months). Complete the procedure and you are all ready to start exploring the amazing world of Forex.

For the demo account, click the Demo button on the top right of the website and follow the same procedure of selecting the category and filling out the form.

Summing Up

HFM (HotForex) is, no doubt, a leader in financial trading. It stays true to its slogan i.e. Honesty, Openness, and Transparency. It completely justifies itself as worthy of being one of the most popular and trusted brokers.