HF Markets, an FCA-licensed broker, is committed to giving its customers the best possible trading conditions. It provides GBP trading accounts, and deposits and withdrawals are both free and simple to process.
Though many other international brokers also provide their own trading platforms—which are frequently simpler for beginners to use—many of them are more expensive. HF Markets offers a comparatively inexpensive Zero Spread Account and assistance for both MetaTrader platforms. Additionally, HF Markets offers top-notch market analysis, educational materials, and a wide selection of practical trading tools.
An Overview of HFM or HF Markets Broker
Previously known as HotForex, HF Markets is a multi-asset broker that provides Forex and other assets through CFDs trading services with a variety of account types and trading platforms with tight spreads. Any size or profile trader can choose between different spreads and liquidity providers using automated trading platforms, and any strategy will perform well because the broker provides access to unlimited liquidity.
The brokerage company was founded in 2010 and had offices around the world, including Dubai, South Africa, and offshore corporations in St. Vincent and the Grenadines. Its headquarters are in Cyprus.
While HF Market does actually show a lot of interest and influence, especially in the African, Asian, and MENA regions, giving residents around the world some excellent opportunities.
As a result of holding the necessary licenses required to operate in the Forex market, HFM provides services that can be trusted.
How Safe Are You at HF Markets? Licensing and Regulations
HF Markets is a reputable broker with a sizable British customer who provides all traders with negative balance protection. It is locally licensed by the FCA.
FCA licensing dates back to 2018, and HF Markets has a stellar reputation in the British Forex trading sector. Because of the FCA license, customers of HF Markets may be sure that their money is safe and that the company would treat its British customers fairly.
The FCA is regarded as one of the world’s top regulators. It mandates that HF Markets protect all clients from negative balances and maintain operating money separate from client accounts. Additionally, it forbids HF Markets from providing promotions or bonuses or providing leverage on forex pairings greater than 30:1. By demonstrating their credentials as wholesale traders, finance experts and wealthy customers can waive these safety elements.
The regulatory approval status of the broker and its regulating body are the most crucial factors to consider when choosing a forex broker. Regulations are designed to preserve the interests of clients and protect individual investors by ensuring fair operations. Therefore, you should only utilize a broker who is licensed to provide trading services.
Regarding that, the following are some examples of Forex brokers you need to avoid:
- SagaTrade
You should refrain from investing because this broker is dishonest and operates without a license. Your funds are not secure with SagaTrade because you are dealing with an unregulated broker.
- TriumphFX
On their website, TriumphFX falsely states that they are registered with the UK’s FCA in the regulatory section. A red flag that a broker is suspicious is if they claim that they are authorized to offer services when they are not.
- Kiplar
Kiplar is an unregulated offshore online trading brokerage, just like the other two brokers mentioned above. Because Kiplar is an unregulated brokerage, your money is not secure there.
What is the HF Markets Deposit Requirement?
HF Markets’ minimum deposits begin at $5; however, if this is your first deposit, check out options on a minimum requirement based on the type of account you are using, which is also influenced by the payment option you would use.
HF Markets does not impose fees for deposits or withdrawals. However, the processing time for withdrawals made using credit and debit cards might take up to 10 days, which is excruciatingly long when compared to other brokers. Since HF Markets is a broker subject to FCA regulation, it made sure that all laws and guidelines pertaining to anti-money laundering are adhered to.
Web Platforms and Other HF Markets Trading Platforms
HF Markets provides its users with different trading platforms available for desktop and mobile.
- Web Trading Platform
In terms of trading software, HFM offers the well-regarded MT4 Platform and its more recent version, MetaTrader 5. This comprises setups appropriate for the Desktop, WebTerminal, Android, iPad, and iPhone, respectively.
- Mobile Trading Platforms
HF Markets provides a user-friendly and appealing mobile app. It also provides mobile apps for MT4 and MT5, which are all accessible on both iOS and Android.
- HF App
The HF App includes an easy-to-use interface and a stylish appearance. Traders may quickly transfer, withdraw, and deposit money, look up instruments, and make watchlists using the HF App. Additionally, the app offers traders access to HF Markets’ instructional resources as well as an incorporated economic calendar.
- Apps for Mobile MT4/MT5
The HF Markets MT4 and MT5 apps, which feature nine timeframes, thirty indicators, and real-time currency charts, enable traders to operate from any location. Real-time profit/loss calculations and order cancellations and modifications were both possible. Additionally, we find it simpler to look for instruments than on the platforms’ web trader versions.
HF Markets Provides Educational Resources
Since the broker focuses on the African and Asia regions, education is another advantage of HFM. This enables you to improve your Forex results and experience. Whether you’re a novice or an experienced trader, HFM offers courses, live webinars, video tutorials, daily analyses, market outlooks, and news feeds, so you may all improve as a trader.
HFM offers a variety of analytical and research tools since it recognizes that thorough study is the most important in trading as well. For a thorough analysis, this includes Trader’s Board, Autochartist, Analytical Objects, Economic Calendar, and other Premium Trading Tools.
HF Markets Offers 24/5 Customer Service
Amateur and seasonal traders at HF Markets can depend on their outstanding support because of their award-winning customer service and client-focused business culture.
Through live chat, phone, and email, customer support is offered around the clock in over 27 different languages. Local email addresses and toll-free local phone lines (accessible in the UK) allow customers immediate, free access to high-quality customer support in their native tongue.
