HF Markets Review
HF Markets Review
This HF Markets review explores a highly regulated and trustworthy ECN/STP broker. As a hybrid broker, HF Markets do not take the other side of their client’s trades resulting in no conflict of interest. This allows them to be transparent at all times, to charge lower spreads and to focus on excellent customer service.
HF Markets offers a wide range of tradable assets, making them an excellent option if you’re looking to diversify your trading portfolio. They also provide a wide range of tools and materials, to help both novice and veteran traders, and some very competitive bonuses and loyalty rewards.
Whether you’re just starting out or you’ve been trading for a while, HF Markets is an accomplished broker which offers just about everything you could think of.
- Wide range of tradable assets
- Highly attractive spreads
- Extensively regulated in multiple countries
- Great bonuses and contests for non-EU clients
- Best broker for traders looking to diversify their portfolio
- No incentives for EU clients
- Doesn’t accept clients from the United States
HF Markets is an award-winning online broker
Our review of HF Markets revealed that the broker was founded in 2010, in St. Vincent and the Grenadines. The HF Markets Group includes well-known reputable brands such as Hot Forex and HF Markets.
HF Markets is an international broker, with over 1,500,000 accounts globally. Their popularity and success have not gone unnoticed either, as the broker has won more than 25 international awards.
HF Markets is available in over 27 different languages, though they do not accept clients from the United States, Canada, Sudan, Syria, or North Korea.
Extensive regulation in multiple countries
HF Markets is extensively regulated in a number of countries, including Cyprus, the United Kingdom, and South Africa.
This trusted forex broker is authorized and regulated by a number of international institutions, including the FCA, FSCA and CySEC. In terms of regulatory compliance, you definitely can’t go wrong with HF Markets, seeing as our broker review found that they are subject to some of the strictest regulations in the industry.
When it comes to protecting traders, all client funds are segregated and they offer market-leading insurance to all clients. The HF Markets online broker has a civil liability insurance program, worth up to a limit of approximately $6 million or EUR 5 million.
This insurance protects against mistakes, negligence, omissions, fraud and any other issues that could result in financial losses. You will be able to enjoy this coverage at no additional charge.
HF Markets is also part of the Investor Compensation Fund, which covers EU clients. With this, all EU traders will receive compensation of up to EUR 20,000 in the unlikely event that the broker is unable to fulfil its financial obligations to you.
These wide-ranging security measures mean that you can be confident that you’re trading with a trust-worthy and responsible broker.
Expect lots of account types with attractive terms
HF Markets offers lots of different types of accounts, so no matter what your needs are, you will find something that’s in line with your requirements.
If you’re new to forex trading, our broker review team would recommend opting for the HF Markets Micro account. The minimum deposit is just $50, and the maximum leverage (depending on the trading instruments) is 1:30. Spreads are variable and start at 1 pip.
If you have a little more experience under your belt, then the Premium account is a better option for you, as it allows you to open larger positions while featuring tighter spreads. This account requires a minimum deposit of $100.
If you don’t like staying in the market too long and your preferred trading style is scalping, HF Markets has the perfect account for you. The Zero Spread account offers incredibly tight spreads with no markups. Instead, you will pay a commission that starts as low as $0.03 per 1K lot.
Social trading has become very popular and, with an HFcopy account, you can connect with over a quarter of a million other traders. You can choose to follow and copy successful traders, or you can set yourself up as a Service Provider (SP). As an SP, you can earn a performance fee of up to 35%.
HF Markets also offers Islamic versions of their Micro, Premium, and Zero Spread accounts. In essence, the accounts are identical, except that no swap or rollover charges are incurred for overnight positions.
Our broker review experts also discovered that HF Markets is perfect for beginners, as they offer an excellent demo account. You can use the demo account for however long you like to practice trading in real market conditions. The demo account comes with a virtual balance of up to $100,000.
Enjoy low trading and non-trading costs
In our review, we found that HF Markets does charge rollover fees, and these differ based on the instrument.
For all assets other than forex, gold and cryptocurrencies, the rollover includes an internal interest fee, plus the rollover fee charged by the parties the company works with for that particular security. For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment.
Aside from rollover fees, HF Markets does not charge any additional fees. This means there are no inactivity fees, nor should you ever be by the broker charged for withdrawals or deposits. In fact, for deposits via bank wire over $100, they will cover any fees your bank charges you.
Take advantage of a wide range of payment methods
HF Markets offers a wide range of payment options, including all major credit and debit cards, wire transfers, Skrill, Neteller, and Bitcoin. These methods can all be used for both deposits and withdrawals.
All deposits are processed instantly, with the exception of wire transfers which can take up to 2-7 working days to be credited to your HF Markets account. There’s a minimum deposit amount of $5 for most methods too, aside from Bitcoin which has a minimum deposit amount of $10.
Withdrawals also start at as little as $5 per transaction. E-wallets withdrawals are instant, whilst wire transfers and credit/debit cards can take up to a maximum of 10 working days.
Our HF Markets review team found banking to be a straight-forward and transparent with this broker. There’s very little waiting around, and all transactions are protected by Level 1 PCI-DSS requirements.
Non-EU clients enjoy highly attractive bonuses
HF Markets offers non-EU clients a slew of very attractive incentives. You can enjoy a bonus on every deposit, as long as it meets certain conditions, and take advantage of cashback on losing trades.
The HF Markets online forex broker also holds contests with a variety of generous prizes. Even if you’re trading on a demo account, you’ll still be able to win as there are specific contests for demo traders.
Lastly, HF Markets also has a loyalty program. The more you trade, the further you progress in the program and the more points you earn. Points can then be traded for cash or top-quality trading services.
Enjoy the best trading platforms in the world
The HF Markets website is very easy to navigate, and our review team found registration is quick and straightforward. As with any trusted forex broker, however, you will have to answer some questions and supply documentation for a live account.
HF Markets offers both MetaTrader 4 and MetaTrader 5 trading platforms. Both of these platforms offer a variety of charting tools to make trading as easy as possible and also allow for trading robots.
HF Markets also provides you with a wide range of trading tools. You can enjoy daily market analysis, an economic calendar, and other standard tools. In addition, you can benefit from VPS hosting. This is free if you make a minimum deposit of $5,000, or else subscription plans start at $30 per month.
The Autochartist tool is also available for free at HF Markets. This tool scans a wide range of assets in real-time, identifies different patterns and sends you an alert, so you never miss trading opportunities.
You can also take advantage of a variety of trading calculators and Premium trader tools.
Trade on the go easily
The HF Markets online forex broker website is fully responsive and looks great on any device. Whether you want to sign up or just learn more about this broker, you can use any mobile device to easily navigate their site.
In terms of trading, while MT4 and MT5 both offer mobile trading options, HF Markets didn’t stop there. They’ve created a complete app designed to make your mobile trading experience as smooth and streamlined as possible.
Via the HF App, you can manage your account and money. You also have access to advanced charting functionality, daily market analysis, and much more. Essentially, you can do everything necessary to trade successfully on the go.
Enjoy great educational materials
Our HF Markets review team found that this online forex broker is serious about helping new and veteran traders alike as they offer an extensive range of educational materials.
The HF Markets online course takes you from the basics all the way to advanced trading strategies. They also offer eBooks and courses on commodities, CFDs, stocks, economics, cryptocurrencies and much more.
You’ll also be able to enjoy a wide range of video tutorials, a great video-on-demand library with forex training videos, live webinars, and even in-person events held all over the world.
Enjoy outstanding support from a great team
One of the first things we checked when conducting our HF Markets review was their customer support services. The least you should expect from a trusted forex broker is great support, and we have to admit that HF Markets exceeded our expectations.
Not only do they offer a wide range of support channels, but their staff respond quickly and are very helpful and knowledgeable. They really do go out of their way to ensure you have a great experience with them.
You can get in touch with them immediately via live chat, which is available around the clock and in multiple languages. They also offer phone and email support in English, as well as eight other languages.
Partner with HF Markets for a great trading experience
Whether you’re just starting out or a veteran trader, this HF Markets review 2019 finds that this broker is an excellent partner. They really do go the extra mile to offer a great experience.
You’ll have access to a wide range of account types with low minimum deposits, a demo account to get comfortable, and an incredible number of tools to make you the best trader you can be.
If you really want to have an outstanding trading experience, sign up with this highly recommended and trusted forex broker today.