Founded in 2010, HFM is an established branch of HF Markets with a global reputation as a reliable broker.
HFM has the highest level of regulation from CySEC, FCA, DFSA, FSCA, and the FSA.
In this HFM review, we’ll take a close look at the broker in terms of their trading platforms, asset selection, and fees so you can make an informed decision.
The pros of trading with HFM
HFM is easily accessible to anyone interested in trading because of its low minimum deposit.
The minimum required deposit for a micro account offered by HFM is just $5, while the minimum required deposit for a premium account is $100.
The popularity of the broker can also be ensured by low trading expenses.
For a $3 commission, you can get a spread of 0 pips on a VIP, Zero, or MAM/PAMM account type instead of the standard 1 pip.
For example, the average spread on the EUR/USD pair is 1.2 pips, on the EUR/GBP pair it’s 1.5 pips, on the Amazon/Gold pair it’s 2.5 pips in quote currency per unit, and on the Gold/Silver pair it’s 0.29 pips.
Last but not least, the HF Copy account gives you excellent access to a customised copy trading platform and a top-notch training programme.
HFM’s HF Copy platform is a top-notch copy trading solution.
It’s a win-win situation for everyone involved, and a great opportunity for signal providers to make money (35% performance fee on every copy trade).
The broker does an excellent job of assuring that they are governed by reputable authorities in the international foreign exchange and financial markets.
Several prestigious organisations oversee their operations.
The HFM Zero Spread Account is one of the most popular choices, especially for scalping, which is allowed.
The spread here is exceptionally low, beginning at zero pips on EUR/USD and averaging just 0.3 pips on the pair and maintaining low across all other assets.
As a scalper, this is ideal, especially if the trading platform also supports the usage of expert advisors (EAs).
The cons of trading with HFM
Depending on your location, you can view the fact that HFM provides various services in different regions as a drawback.
The primary drawback of this broker is its restricted access to trading markets. More seasoned traders may find this to be too restrictive with a cap of slightly over 100.
HFM is a market-executing ECN/STP broker that also offers a top-notch, low-cost trading platform. The extensive learning centre is one of the greatest of its kind.
This 45-time award-winning broker has a physical presence on every continent, has impressive regulation in place, and yet the offering might vary greatly depending on where you are.
Its global regulatory compliance encompasses the requirements of CySEC, FCA, DFCA, FSCA, FSC, and the FSA, ensuring a high standard of trust around the world.
Copy trading is accessible to everyone with the exception of individuals subject to the DFCA, and auto-trading is available under FSCA and SV regulation.