HF Markets (HFM) Review 2022 ( Formely HotForex)

HF Markets (HFM) formely known as HotForex is an excellent forex broker that is suitable for all types of traders: Beginners and Advanced traders, scalpers, and swingers. This HF Markets(HFM)/Hotforex review will outline everything that you need to know, from the minimum deposit required, regulators to account types

HF Markets (HFM Review) - Overview

HF Markets (HFM) formerly known as HotForex HFM is a well reputable forex and commodities broker that offers both retail and institutional clients trading services and resources.

As the time of making this review , HF Markets(HFM) have over 3.5 Million live trading accounts created with over 60 International Awards collected

They (HFM) have established themselves as the preferred forex broker for traders worldwide because of their objective of providing the finest trading conditions to their clients and granting both scalpers and traders utilizing expert advisors unlimited access to its liquidity.

Min deposit :$5

Is HF Markets (HFM) Good or a Scam ?

FSCA-Financial Sector Conduct Authority (South Africa)
CySec-Cyprus Securities and Exchange Commission
DFSA-Dubai Financial Service Authority
FSA-Financial Service Authority (Seychelles)
FCA-Financial Conduct Authority (United Kingdom)
FSC-Financial Services Commission (Mauritius)

One thing that I like about HF Markets(HFM) is they have many regulators and because of that they can be trusted and considering that they have been operating successfully for over 10 years.

Pros

Cons

HF Markets (HFM) Leverage

The leverage available on Hf Markets (HFM) varies depending on the account type, but the maximum leverage available is 1:1000. HF Markets (HFM) leverage is 1:1000 when using the Micro Account and 1:500 when using the Premium, Zero Spread, and Auto accounts. Finally, the leverage for the Copy Trade Account is only 1:400. If you’re not sure which type of account is best for you, I hope this review of all HF Markets (HFM) trading account types helps.

HF Markets (HFM) Account Types

HF Markets or HotForex provides 5 different trading accounts which are

Micro Account
Premium Account
Zero Spread Account
Auto Account
Copy Trade.

Micro Account

HF Markets (HFM) Micro Account has the lowest required minimum deposit of $5.

For beginners, I would recommend this account unless you have a lot of funds you’re willing to invest

The spreads on this account are from 1 pip and the best thing is that there is no commission charged.

Both MT4 and MT5 are available for this account

You get access to trade all the instruments(Forex, DMA Stock, Commodities, Shares, Bonds, ETF’s, Indices, Metals, and energies ).

Base Account Currency is the USD and a ZAR.

Premium Account

The minimum deposit for a HF Markets (HFM) Premium Account is $100, with leverage of 1:500. This account supports both MT4 and MT5. Spreads start at 1 pip, and there are bonuses available!

Auto Account

The minimum deposit required to open HF Market’s Auto Account is $200, and the leverage remains at 1:500. The drawback of the Auto Account is that it is not available on Mt5, but only on Mt4, Webtrader, and Mobile Trading. There is no commission charged to you, and there is no Raw Bonus with spreads beginning at 1 pip.

Zero Spread

Because the Zero Spread account is an ECN account, HF Markets /Hotforex does provide an ECN account. This account has a very low spread when compared to other accounts, it has a spread ranging around 0.0 pips.

On other trading accounts, such as the Micro Account, there is no commission charged on executed orders, but the commission on the Raw Spread is $6/Standard Lot (Round Turn). As a result, HotForex /HF Markets is one of the best brokers with low commissions on ECN accounts. The Raw Spread Account requires a minimum deposit of $200 and has a maximum leverage of 1:500.

Create a Zero Spread Account Here!

HF Markets (HFM) Copy Trading Account

Traders who enjoy copy trading can open a HF Markets Copy account and copy other traders’ trades. So, yes, HF Markets (HFM) allows copy trading. The strategy provider requires a $300 deposit, while those who will be copying trades require a $100 deposit. The account currency can only be USD, and the leverage is 1:400. The only trading instruments on which you can provide or copy trades are Forex, Indices, and Gold. The spreads start at 1 pip.

HF Markets (HFM) Review - Accounts Types

Below is the comparison table of all HF Markets (HFM) accounts formerly known as Hotforex. This table compares important info such as the Minimum deposit , Leverage etc.

HFM	Micro	Premium	Zero Spread	Auto
Minimum deposit	$5	$100	$200	$200
Leverage	1:1000	1:500	1:500	1:500
Spreads starts at	1 pip	1 pip	0.0 pips	1 pip
Commission	NO	NO	$6/Lot	NO
Trading Instruments	All Available	All Available	All Available	All Available
Platform	Platform	MT4 , MT5 , WebTrader & Mobile Trading	MT4 , MT5 , WebTrader & Mobile Trading	MT4 , WebTrader & Mobile Trading

If you’re not sure about which account you should choose, just register for any account because you will be able to create any type of account provided by HotForex later on.

Trading Instruments

HF Markets (HFM) is one of the best brokers, offering a wide range of trading instruments, with exception of cryptocurrency, you can trade almost anything, and I hope they add it soon. All HFM trading instruments are listed below:

HF Markets (HFM) minimum deposit

The minimum deposit amount required to open a broker account with HF Markets (HFM) / HotForex is $5 and there are no deposit fees.

You can deposit funds into your trading account using Mastercard or Visa Credit/Debit Cards, and your funds will be credited to your account within 10 minutes. You can also deposit with Skrill, with a maximum deposit of $5000. HF Markets (HFM) accepts wire transfers as well, but the minimum deposit is $100 and there is no limit to the amount you can fund as long as it is greater than $100.

HF Markets (HFM) Withdrawal

Withdrawal on HFM takes up to 10 minutes when using Skrill and can take from 2-10 working days via Credit/Debit Cards but most of the time they are fast.

Withdrawals requested via a bank transfer take anywhere from 2-10 days and there are no withdrawal fees.

Min deposit :$5

HF Markets (HFM) Trading Platforms

After creating your HFM trading account you can trade using any of the following platforms.

MetaTrader 4 & 5
Web Trader
Mobile Trading

MetaTrader 4 is available on :

Android
Desktop
Web Terminal
Multi Terminal
iPad Trader
iPhone Trader

And HFM MetaTrader 5 is available on

Desktop
Android
Web Terminal
iPad Trader
iPhone Trader

Education

You’re a beginner and don’t know how to trade? or you would like to improve your trading skills .

HF Markets (HFM) has free educational videos, e-courses and online webinars where you can learn new trading strategies, trading tips to become a pro e.t.c

These free educational videos will teach you everything you need to from scratch “What is Forex?” and the best technical indicators strategies to use , how to master risk management and the importance of central bank and more.

Trading Tools

These are the tools that you get access to when you use HF Markets.

These tools/services are meant to improve your trading experience and help you to stay alert on economic matters.

Conclusion

HF Markets (HFM) formerly known as Hotforex is a broker that is reliable, regulated and very popular.

They (HFM) are a Multi Awarded broker(+55 Awards) and they are Official Partners of Paris Saint-Germain FC (PSG). This is the broker that you can trust.

I hope this HF Markets (HFM) review has answered all your questions about this awesome broker

Is Hotforex (now HF Markets) ecn broker ?

I would say HotForex /HF Markets is both an ECN ( Electronic Communication Network) and STP (Straight Through Processing ) broker because they allow you to create both types of accounts therefore we can say they are an ECN broker but not 100% since they offer other account types.

Does HotForex have Nasdaq?

Yes Hotforex does have Nasdaq (Nas100).They also allow their traders/clients to trade other indices like Dow Jones (us30) ,ger30 e.t.c

HotForex FAQ

What is the minimum deposit for HotForex?

$5 is the minimum required deposit

Is HotForex Legit?

HotForex is a regulated , trusted and popular broker that is legit.

HotForex spread

From 0.0 pips on Raw Spread account and from 0.1 pips on Standard Accounts

Does HotForex have a Zar Account

Yes HotForex does have a Zar Account and also USD account base currency

Is HotForex regulated ?

Yes, HotForex is a good broker that is regulated by top regulators like FCA, FSCA, CySec, FSC and others.

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HF Markets (HFM) Review 2022 ( Formely HotForex) | Is it Good?