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 full transparency, the ability 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.

Whether you’re just starting, or you’ve been trading for a while, HF Markets is an accomplished broker that offers just about everything you could think of.

Opening an account with HF Markets

Registering for an account with the HF Markets online broker is a quick and seamless process. After following a few simple steps, you will have access to an account that is appropriate for your trading needs.

The minimum deposit is also extremely accessible, allowing you to test out HF Markets services without having to commit substantial funds.

What is the minimum deposit at HF Markets?

Our HF Markets review team was impressed to see that this online broker offers fair minimum deposits across each of their account types. This shows that they are dedicated to client flexibility and gives you a comfortable point of entry regardless of your trading requirements.

Premium accounts can be opened for as little as $100, whilst Premium Pro accounts require a slightly higher minimum deposit of $500.

Alternatively, you can open a zero spread account with a minimum deposit of $200.

How to open an account at HF Markets

Account registration at HF Markets is a straightforward process. The fully digital questionnaire makes the whole process quicker too, as you don’t need to worry about posting your documents to the broker for approval.

To become a trader with HF Markets, simply follow the steps outlined by our review team:

• Step 1: Choose your account type. You can select between Individual, Corporate, or Joint.
• Step 2: Provide personal information, including your full name, email address, country of residence, date of birth, and telephone number.
• Step 3: Select your base currency.
• Step 4: Choose whether you wish to subscribe to HF Market email updates.
• Step 5: Review and agree to the broker’s terms and conditions.
• Step 6: Verify your email address by following the link sent to you.
• Step 7: Provide some additional personal information such as your country of birth, full current address, and tax details.
• Step 8: Answer questions about your employment status, your personal wealth, and your funding sources for trading.
• Step 9: Answer a series of questions designed to assess your trading experience and knowledge.
• Step 10: Confirm that you are eligible to trade. You will need to accept three different declarations (criminal background check, P.E.P check, US tax residency check).
• Step 11: Provide your verification documents. These can be uploaded directly on the ‘myHF’ platform, or sent by email. The document verification process should be completed within 48 hours.

Once you have completed all the above steps you will have access to a live trading account. You can find a helpful list of all the information required to register an account at the HF Markets online broker below:

• Personal information – Full name, telephone number, email address, home address, social security number (NI number for UK traders).
• Regulatory information – Tax residency details, employment details, trading experience, trading goals, estimated total assets, estimated income, source of wealth, source of income, P.E.P disclosure, criminal background disclosure.
• Documents – Proof of identification (scan of national ID, front and back, or passport), proof of address (bank statement or utility bill no older than 6 months).

Account types

Our Review of HF Markets forex broker showed that there are several types of accounts on offer. 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 Premium account. 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 Pro account is a better option for you. With the Premium account, you can open larger positions and benefit from tighter spreads.

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 mark-ups. Instead, you will pay a commission that starts as low as $0.03 per 1K lot.

Islamic accounts

HF Markets offers versions of their Premium, Premium Pro, and Zero Spread accounts that are suitable for Muslim traders. These accounts are identical, except that no swap or rollover charges are incurred for overnight positions.

Demo accounts

Our HF Markets review experts also discovered that this broker 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.

HF Markets trading costs

HF Markets offer very competitive trading costs, as well as low non-trading costs. Below you can see an overview of the most common trading fees you will incur, based on the broker’s standard account type.

*Based on standard account type.

During our HF Markets review, we found that this broker charges rollover fees, and these differ based on the instrument. For all assets other than forex and gold, the rollover includes an internal interest fee. This is in addition to the rollover fee charged by the parties the broker works with for that particular security. For forex and gold, an additional fee is included that considers an internal risk assessment.

HF Markets charge an inactivity fee on all accounts that have remained dormant for more than six months. Should your account remain unused for between six months and one year, a $5 fee is charged. This increases to $10, $20, and the previous year’s fee + $10 per month for inactivity periods of 1-2 years, 2-3 years, and over 3 years respectively.

Aside from rollover and inactivity fees, HF Markets does not charge any additional fees. This means there are no withdrawal or deposit fees. In fact, for deposits via bank wire over $100, they will cover any fees your bank charges you.

HF Markets payment methods

HF Markets offers a wide range of payment options, including all major credit and debit cards, wire transfers, Skrill, and Neteller. These methods can all be used for both deposits and withdrawals.

All deposits are processed instantly, except for 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 $50 for most methods too.

Withdrawals also start at as little as $5 per transaction. E-wallet withdrawals are instant, whilst wire transfers and credit/debit cards can take up to a maximum of 10 working days.

Our HF Markets broker review team found banking to be a straight-forward and transparent. There’s very little waiting around, and all transactions are protected by Level 1 PCI-DSS requirements.

Mobile compatibility

This review of the HF Markets forex broker website found it to be fully responsive and great looking on all devices. Whether you want to sign up or just learn more about this broker, you can easily navigate your way around on your mobile.

In terms of trading, MT4 and MT5 both offer mobile platforms. Moreover, HF Markets have also 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 funds. You can also access advanced charting functionality, daily market analysis, and much more. Essentially, it offers everything you need to trade successfully on the go.

Research tools

Our HF Markets broker review team was pleased to find that the broker provides a wide range of research tools. This includes daily market analysis, an economic calendar, and VPS hosting. VPS hosting 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, robots, and other Premium trader tools.

Education and training

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 to advanced trading strategies. They also offer eBooks and courses on commodities, CFDs, stocks, economics, and much more.

You’ll also be able to enjoy a video-on-demand library with forex training videos, live webinars, and even in-person events held all over the world.

HF Markets customer support

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 staff, 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 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.

HF Markets – Our verdict

Whether you’re just starting or a veteran trader, out HF Markets review team finds that this broker is an excellent partner. They 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 want an outstanding trading experience, sign up with this highly recommended and trusted forex broker today.