Important facts you should know about HFM Forex Broker

HFM is a trusted and global brokerage firm for online forex and Contract for Difference (CFD) trading. It was established in 2010, and has since garnered trustworthy reputation in the industry, making it a popular choice globally.

Its headquarters is in Cyprus, but its presence spans multiple countries, with offices in the UK, South Africa, St Vincent and the Grenadines, and the United Arab Emirates (UAE), to mention but a few.

Regulations and licenses

HFM is well regulated and licensed in all the countries it operates in. Regulatory bodies include the Cyprus Securities and Exchange Commission (CySEC), Dubai Financial Services Authority (DFSA), Financial Services Authority (FSA) in Seychelles, Financial Conduct Authority (FCA) in the UK, Financial Services Commission (FSC) in Mauritius, Capital Markets Authority (CMA) in Kenya, Financial Sector Conduct Authority (FSCA) in South Africa, and more.

HFM is also ESMA-compliant, thanks to the CySEC license. ESMA stands for the European Securities and Markets Authority. For being compliant with the requirements of this body, HFM can operate all over the EU, thanks to the European passporting system for companies.

The regulatory control requires HFM to maintain transparent financial processes and regular audits, which are critical for protecting the interests of traders.

Undoubtedly, HFM conforms to strong financial standards as a broker. This ensures high levels of operational integrity and safety of customer funds. In addition, HFM uses advanced security methods, such as SSL encryption, to safeguard online transactions and sensitive personal information, reducing the danger of cyberattacks.

Offerings of HFM

HFM offers CFD trading on forex, commodities, stocks, cryptos, and indices. The broker excels in forex trading, offering a broad range of over 50 forex pairs with competitive conditions like low spreads and reasonable commissions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times.

Traders have a choice between five live account types: Cent, Zero, Premium, Pro, and Pro Plus. The variety of accounts accommodates varying degrees of trading skills and investment sums, which enables traders to select the account that best suits their trading style and financial objectives.

In addition, traders of the Muslim faith can also open an Islamic swap-free account that is Sharia-compliant and adheres to Islamic financial norms, which restrict earning interest on trades.

Beginner traders have the option to open a free demo account where they can practise trading with virtual money without the risk of losing their own money. This is also beneficial for more advanced traders who would like to test the offerings of HFM before opening a live account.

The broker provides trading on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-known for their dependability, extensive charting tools, and automated trading features.

HFM emphasises trader education, providing many materials, including webinars, e-courses, and seminars, that are especially useful for beginning traders.

It is also their mission to provide the best customer service to clients by maintaining a superb client-centric culture.     

Pros of HFM

• HFM offers traders leverage of up to 1:2000, along with negative balance protection.
• There is a swap-free account available to Muslim traders.
• All client funds are segregated and kept at top-tier banks.
• Traders are offered zero-pip spreads and competitive commission fees.
• HFM offers trading on MT4 or MT5 across devices and account types.
• The broker is well regulated through various bodies.
• HFM caters for beginners and professionals by offering flexible account types, education, and research.
• There are several security features available that ensure a safe and transparent trading environment.

 Cons of HFM

• For those new to trading, advanced capabilities on the MT4 and MT5 platforms may have a steep learning curve.
• HFM’s promotional and bonus systems may not be as appealing or simple as those provided by other competitors.
• The high leverage provided may present a substantial risk.
• Although HFM provides a variety of educational resources, absolute novices may find the information to be overwhelming.
• There are no guaranteed stop-loss orders.

Overall, HFM is a globally recognised company dedicated to providing several account types and trading platforms, catering for both novice and experienced traders.