MT5 has more shares since it is designed to enable trading via decentralised exchanges. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
HF Markets deposit: minimum, payment methods and fees (
Overall, HFM is a well-established, well-regulated, and customer-oriented operation that provides a secure trading environment with a customer support team of note. https://limefx.biz/ Loyal Customers and Major Banks rate HFM amongst the best International Brokers to date. HFM is under stringent oversight, ensuring a secure trading environment.
Fees & Commissions
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of FI, you can open an account with this broker. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. When I did get a hold of a customer support agent, I had to suffer through slow responses and less-than-perfect comprehension of my questions. With HFM, customer service is available 24 hours per day, five days per week through email, phone, and live support. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal.
HFM (HF Markets) Review
The commission-based alternative commences with a raw spread of 0.0 pips and average spreads of 0.2 pips for a commission of $6.00 per lot or total costs of $8.00 for major currency pairs. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. HFM offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit.
Another positive point is that internal transfers between accounts are possible yet it’s very important to point out that when you open an account, your base currency cannot be changed after. After your accounts are open, you’ll find that you can easily manage them as wallets from your client area. Yes, you can start trading with 1,100 KES by using leverage offered by HFM to open larger positions. Yes, HFM offers a 50% welcome bonus on deposits of at least 50 USD / 5,900 KES in addition to a 100% boosted deposit bonus on all deposits of 250 USD / 29,800 KES. ➡️ Once a trader has pressed the deposit button located on the right-hand side of the screen, Payment options will become available. They are differentfrom trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset.
Deposit fees and deposit methods
They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. HFM is a forex and commoditiesbroker and is the brand name of HF Markets Group. Multi-lingual customer support is available 24/5, and HFM transparently lists all contact methods on its website. HFM describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies.
HFM offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. They are available as a desktop client, a webtrader, and a limefx forex broker mobile app, while MT4 comes with the PAMM module. The upgrades result in a very competitive solution, and HFM also developed its proprietary mobile app, HF App.
- You can trade micro-lots with this account, at 40% Margin call leveland 10% stop out level.
- HFM Minimum Deposit amount required to register a live trading account will range between USD 0 and USD 250 depending on the live trading account type chosen.
- Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
- We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads.
Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. Once logged in, go to the deposit section within your HFM account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms.
Traders can access theWeb Trader on any browser by just launching it and logging in with your accountdetails, placing trades on just a button. Traders can view theirtrading activity and analyse using advanced analytical tools and charts attheir disposal. Theplatforms come equipped with all the necessary tools and features aprofessional trader needs to trade successfully. For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators.
With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5. Some brokers like FP Markets, IG, and TMGM allow you to choose from 1000s of global shares so HFM might not be the best choice if you like trading and require a variety of shares CFDs. Should shares CFD shares be your preferred trading instrument, HFM offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands.
However, from this point on, HFM was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for HFM, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for HFM, while the industry average is 2.31. HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group.