HFM

Maximise HFM Broker Earnings with Cashback Bonuses

If you’re looking to maximise the HotForex welcome bonus through STIC Cashback, be sure to create your new HF Markets account using the dedicated link on this page. You can then complete your account registration via the HotForex platform.

Once your account is validated, and you’ve proven your identity and address, you can start to fund your real-money account and trade.

When trading the Euro Dollar (EUR/USD) forex pair, you can claim up to $0.60 cashback per lot. Keep tabs on your cashback by heading to the ‘My Cashback’ menu within your STIC Cashback account. You’ll see when your account is approved and active.

HFM Broker Background and History

HF Markets Group started to empower retail and professional traders to pursue opportunities in the financial markets online back in 2010. Since then, it’s become a widely respected broker, famed for its commitment to maintaining multiple licences, offering cutting-edge trading technology and rock-solid trading educational materials.

For more than 14 years, HotForex has served over 2.5 million clients worldwide, winning over 60 industry awards in the process. In 2014, HotForex was named within the World Finance 100, which is a gauge of the most influential firms in the financial sector.

HFM Broker Regulation and Safety

One of the greatest strengths of HF Markets is its wealth of licences. It’s currently licensed and regulated by no less than seven financial service jurisdictions worldwide, including the UK, South Africa and Cyprus.

Some brokers would be happy to seek regulatory approval in Mauritius and the Seychelles and leave it at that, but it’s a mark of HF Markets’ authenticity that it’s sought approval with the likes of the UK’s Financial Conduct Authority.

HFM Forex Account Registration, Verification, and Login

The HotForex account registration process is very straightforward. Simply click the green ‘Register’ button next to the HotForex login button. Decide if you’re applying for an individual, joint or corporate account. Set your email address and preferred password before entering your personal details.

Complete your profile truthfully, in terms of the purpose of your account opening, your net worth and estimated annual income.

You’ll then need to prove your identity and address. Upload a photograph copy of your passport or driving licence, followed by a recent photocopy of a utilities bill or bank statement.

There’s also the option of opening a HotForex demo account which allows you to try them for size without risking any of your money first.

Account Options at HFM Broker

There are three account options to consider with HotForex:

• Zero Account

This is ideally focused on forex retail traders, with zero spreads available on selected forex pairs. The HotForex minimum deposit is also zero, so you can open an account without having to deposit a cent up front.

• Premium Account

The Hotforex Premium account offers spreads from just 1.4 pip across many of its trading instruments. Unlike the Zero account, which caps leverage at 1:30 across the board, the maximum leverage offered is “variable” according to the product.

• Premium Pro Account

The HotForex Premium Pro account is aimed at professional traders and clients. With a minimum deposit of $5,000 required, these account holders also have a 50% margin call and 20% stop out levels compared with 80% and 50% for Zero and Premium account holders. Professional clients also get access to upwards of 1:400 leverage, with spreads starting from just 1 pip.

HFM Forex Trading Platforms

It’s good to see that HF Markets not only supports state-of-the-art trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) but it’s also developed its own proprietary trading platform – the HFM platform.

The HFM forex app is available on both Android and iOS devices and was awarded Best Forex Trading App by Capital Finance. The app makes it easy to open, close and modify trading positions on the move, access popular charting tools and technical indicators, as well as real-time market-moving news and data.

The one downside to the HFM forex app is that it only appears to be compatible with smartphone and tablet devices. If you prefer to trade via desktop or laptop, MT4 and MT5 are still likely to be more versatile for your needs.

The HotForex MT4 and MT5 trading platforms still set the standard for most retail traders, with access to at least 30 technical indicators and the ability to trade with up to 21 timeframes via the HotForex MT5 trading platform.

HFM Broker Trading Instruments

How extensive is the market availability with the HotForex broker? Currently, HF Markets gives clients access to more than 500 trading instruments, spanning eight different asset classes:

• Forex

Go long or short on over 50 major, minor and exotic forex currency pairs with HF Markets. Get access to dedicated forex trading support 24/5.

• Stocks

Trade CFDs of the world’s most valuable equities with HF Markets, including Nvidia, Apple, Amazon and Meta, with the opportunity to profit from rising and falling share prices.

• Bonds

Many retail traders use government bond CFDs as an effective hedge against recessions and political instability. Trade bonds at HF Markets with zero commission.

• Indices

With an HF Markets account you can also buy and sell the underlying market value of global indices via CFDs. This gives you the benefit of trading the performance of a diversified basket of stocks as opposed to specific equities.

• Metals

Trade precious metals CFDs with an HF Markets account. Buy and sell the spot price of gold, silver, platinum or palladium, with the tightest spreads available on silver.

• Energies

Speculate on the spot price and futures contracts of UK brent and US crude oil via CFDs using up to 1:10 leverage.

• Commodities

Buy and sell the underlying market value of hard and soft commodities with HF Markets. Trade the likes of cocoa, coffee, copper and sugar via CFDs, which act as a clever diversification strategy as part of a well-balanced trading plan.

• ETFs

Trade the underlying market value of a host of exchanged-traded fund (ETF) CFDs with HF Markets, including Invesco’s popular QQQ ETF, iShares’ Russell 1000 ETF and Vanguard’s Total International Stock Index Fund (VXUS).

HFM Forex Trading Conditions

What’s the HotForex leverage like with a client account? You can open 1:30 leverage across all the leading major forex pairs with HF Markets.

Looking across the minor and exotic forex pairs available to trade, including USD/ZAR, you can secure up to 1:20 leverage on these contracts. However, 1:400 leverage is offered on major and minor forex pairs to those who open Premium Pro accounts rather than Premium or Zero accounts.

HFM Forex Fees and Costs

If you plan to trade forex with HF Markets, it’s worth noting the spreads for the major forex pairs, including Euro Dollar (EUR/USD). The EUR/USD pair offers the tightest average spreads of 1.4 pips, followed by the EUR/GBP (1.6 pips), GBP/USD (2.0 pips) and USD/CAD (2.0 pips).

When it comes to trading equities using CFDs, some companies have spreads as little as 0.001 pips. Commission charges of 0.1% are applied to all CFD stock positions.

HFM Broker Deposit and Withdrawal Methods

Wondering how to make your first HotForex deposit? You’ll be pleased to know there are multiple avenues to explore, ranging from traditional bank wire transfers and debit cards through to e-wallets like Neteller and Skrill.

All deposit options take no more than ten minutes to process, aside from wire transfers which take between two and seven business days.

There are no fees to pay on most deposits either, although there is a minimum deposit for HotForex transactions via wire transfer fee-free ($250).

The HotForex minimum withdrawal is $5 to use debit cards or e-wallets. That ramps up to $100 for withdrawals via wire transfer. Most withdrawals take between two and ten business days to clear, although e-wallet withdrawals are said to be “instant”.

HFM Broker Customer Support

HF Markets is a very transparent and accountable online trading broker. You can submit a basic online enquiry form to get email support or call their telephone helpline toll-free.

The one downside is that the firm doesn’t appear to offer a live chat service, requiring you to start a conversation regarding your query outside their website.

HFM Broker FAQs

Is HotForex a Regulated Broker?

Yes, HF Markets is one of the best regulated CFD brokers partnered with STIC Cashback. It’s licenced to operate in Mauritius, Cyprus, Seychelles, South Africa, Dubai, Kenya and the UK.

Where is HotForex Located?

The headquarters of HF Markets Group is based in Larnaca, Cyprus. However, they have satellite offices for each of their regional firms, including South Africa, after securing its licence with the Financial Sector Conduct Authority in 2016.

Who Owns HotForex?

HotForex is owned by the HF Markets Group, which has been operating in the financial brokerage market since 2010. With well over a decade of experience, this broker has served over 2.5 million clients, received 60+ industry awards and offers trading platforms in over 27 supported languages.