HF Markets Review – Is HF Markets Scam or Satisfactory as a Broker?

HF MARKETS REVIEW

Hot Forex Market is a well established and a trustworthy CFD broker firm regulated by FCA (UK Financial Conduct Authority). Forex brokers are also known as retailers or currency trading brokers. Their services are available for institutional customers and large companies such as investment banks.

HF Markets is an international broker that owns more than 1500 000 accounts globally. HF Market Group was founded in 2010 with its headquarters in Cyprus. It has its global offices in South Africa and Dubai. Many well-known brands such as HF Markets and Hot forex are a part of it. It has made its place in the international market in a very short time and has won over more than 25 international awards.

Trusting a reputable broker is very important to earn profit in crypto market. HF Market provides such platform to its clients. Some exemplary features of HF Market are discussed below.

ACCOUNT TYPES

HF Markets provide different trading accounts and has covered almost all the financial markets. As every customer has his own preference, it provides a diverse product portfolio to its customers.

It deals with Demo accounts, Micro accounts, Zero accounts, Fixed accounts, VIP trading accounts, Islamic accounts, Auto accounts and copy accounts according to the client’s need.

SAFETY AND REGULATION

The regulating authority overseeing a broker is an authentic benchmark to ensure the safety of a broker. HF Markets is authorized and regulated by several international regulating authorities including FCA and CySEC. The funds of clients are kept in segregated accounts. Moreover, it offers market leading insurance accounts that protect its clients from any mishappening, mistake, omission, fraud or any other problem that could cause a loss.

LEVERAGE

Though the leveraged product increases a trader’s potential profit, it also increases the chances of potential loss. So only professional traders should deal with the high leverage offered.

HF Markets offer various leverage options starting from the “modest” ones as found by the European regulations up to very high ratios. Due to the high risks involved in leverage as retail accounts lose cash rapidly due to high level leverage, leverage accounts are first adjusted according to the region.

CHARGES AND COMMISSION

HF Markets have a competitive commission structure. It also charges an activity fee $5 monthly after 6 months of inactivity.

SPREADS

Spreads of HF Markets are competitive especially when they trade with zero spread accounts as the broker has a commission driven approach and have prime importance for high volume traders. On the other hand, for low volume traders interested in investment without commission, their micro accounts could be helpful but costly.

DEPOSITS AND WITHDRAWALS

It charges no fee for the deposit and withdrawal process. It provides a wide range of transaction options including credit cards, debit cards, Skrill, Wire transfer and Neteller. But the transactions via credit card or debit card take almost 10 days to be transferred which is quite a slow process as compared to the other brokers.

TRADING PLATFORM

HFM provides the latest trading softwares to its customers that are MT4 and MT5 for fast and efficient trading.it provides several tools and instruments that could prove helpful for the customers especially beginners.

Web Trading platform

The latest versions of MT4 and MT5 are now accessible through the desktops, web terminals and PCs where one could trade feasibly. The complete range of over 13 platforms, powered with fast execution and provided with complete tools is available to all traders worldwide.

Mobile Trading Platform

HFM mobile application has made it a lot easier for the traders to trade just on the go. MT4 and MT5 mobile trading provide the traders an opportunity to trade through advanced capacities and interactive charts.

CUSTOMER SUPPORT

Before joining a broker, one should also look upon its customer service. HFM provides 2 hours customer service to its clients in 27 different languages that allows the traders all over the world to consult HFM and utilize their services.

EDUCATION AND TRAINING

HFM provides a complete guideline to its clients through the multi-format educational content available. Video tutorials, introductory concepts, trading strategies, money management and webinars are accessible to all. The courses teach technical analysis and chart interpretation to the beginners in a well-guided manner.

CONCLUSION

HFM is a reputable customer-oriented broker that provides a secured trading environment to its customers. It has a transparent trading strategy available at low rates that facilitates the customers all over the world. It is continuously improving its position in the trading market by offering competitive bonuses and better trading conditions to its clients.