{"id":675725,"date":"2023-03-28T14:28:03","date_gmt":"2023-03-28T12:28:03","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=675725"},"modified":"2023-03-28T14:28:03","modified_gmt":"2023-03-28T12:28:03","slug":"the-pros-and-cons-of-using-hfm-for-trading","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/675725\/the-pros-and-cons-of-using-hfm-for-trading\/","title":{"rendered":"The pros and cons of using HFM for trading"},"content":{"rendered":"<p>Founded in 2010, HFM is an established branch of HF Markets with a global reputation as a reliable broker.<\/p>\n<p>HFM has the highest level of regulation from CySEC, FCA, DFSA, FSCA, and the FSA.<\/p>\n<p>In this HFM review, we&#8217;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.<\/p>\n<h3 class=\"my-4\">The pros of trading with HFM<\/h3>\n<p><a href=\"https:\/\/www.hfm.com\/za\/en\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=March+2023\" target=\"_blank\" rel=\"noopener\"><strong>HFM<\/strong><\/a> is easily accessible to anyone interested in trading because of its low minimum deposit.<\/p>\n<p>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.<\/p>\n<p>The popularity of the broker can also be ensured by low trading expenses.<\/p>\n<p>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.<\/p>\n<p>For example, the average spread on the EUR\/USD pair is 1.2 pips, on the EUR\/GBP pair it&#8217;s 1.5 pips, on the Amazon\/Gold pair it&#8217;s 2.5 pips in quote currency per unit, and on the Gold\/Silver pair it&#8217;s 0.29 pips.<\/p>\n<p>Last but not least, the HF Copy account gives you excellent access to a customised copy trading platform and a top-notch training programme.<\/p>\n<p>HFM&#8217;s HF Copy platform is a top-notch copy trading solution.<\/p>\n<p>It&#8217;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).<\/p>\n<p>The broker does an excellent job of assuring that they are governed by reputable authorities in the international foreign exchange and <a href=\"https:\/\/businesstech.co.za\/news\/technology\/596652\/financial-markets-how-much-more-pain-is-there-and-how-much-longer-is-it-going-to-take\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=March+2023\" target=\"_blank\" rel=\"noopener\"><strong>financial markets<\/strong><\/a>.<\/p>\n<p>Several prestigious organisations oversee their operations.<\/p>\n<p>The HFM Zero Spread Account is one of the most popular choices, especially for scalping, which is allowed.<\/p>\n<p>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.<\/p>\n<p>As a scalper, this is ideal, especially if the trading platform also supports the usage of expert advisors (EAs).<\/p>\n<h3 class=\"my-4\">The cons of trading with HFM<\/h3>\n<p>Depending on your location, you can view the fact that HFM provides various services in different regions as a drawback.<\/p>\n<p>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.<\/p>\n<h3 class=\"my-4\">Our verdict<\/h3>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Its global regulatory compliance encompasses the requirements of CySEC, FCA, DFCA, <a href=\"https:\/\/www.fsca.co.za\/Pages\/Default.aspx?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=March+2023\" target=\"_blank\" rel=\"noopener\"><strong>FSCA<\/strong><\/a>, FSC, and the FSA, ensuring a high standard of trust around the world.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this HFM review, we&#8217;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.<\/p>\n","protected":false},"author":10,"featured_media":675727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[17939],"class_list":["post-675725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-hf-markets"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/675725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=675725"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/675725\/revisions"}],"predecessor-version":[{"id":675731,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/675725\/revisions\/675731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/675727"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=675725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=675725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=675725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}