HFM Review 2023: Is HotForex HFM Scam or Legit Broker️

Noting that contract expiration dates for each of these two oils are also clearly stated in this section, for the trader to be informed beforehand. With HFM card, you can easily withdraw your funds directly to this card. Applications can be submitted directly from HFM’s website after your account is approved and funded.

Forex brokerage companies located in different areas of the world such as the United States and Japan. While CySEC applies a number of rules to financial firms in the country, these regulations are not as stringent as those applied in countries such as the US. For example, https://limefx.biz/ LimeFx firms in Cyprus should have at least €1,000,000 as a means of ensuring that they have a good standing financially. Another rule that ensures the protection of your funds is the need to keep the client funds away from the rest of the company’s operating capital.

LimeFx Broker

TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. HotForex really cares about the experience that their clients have.

HotForex forex broker

An economic calendar is a popular resource for many traders who rely on it to keep updated on upcoming market events. This will allow them to anticipate market movements that may affect currency prices and their trading strategy. However, VIP Clients on the Premium Account will have access to additional features for an improved and more exclusive trading experience. Commissions are charged on round trades and will not apply to all accounts. SPs can open an HFcopy Account aiming to build their inventory of Followers and trade in exchange for a Performance Fee, as high as 50%.

As well as referral programs where you can introduce a new client to the broker, and earn a considerable amount of money. HotForex reviews are accompanied by the successful sponsorship of the French football club, Paris Saint-German. This makes HotForex a highly reliable broker because a top-tier football team would only partner with legit brokers. For example, you can compare the accounts, you can choose to compare up to 4 accounts, and scroll down to see a listed comparison, which can help greatly to make your decision. Besides that, HotForex regulations in different financial markets are marked by recognized licenses such as FCA, DFSA, FSCA, and FSA.

Fresh HF Markets (formerly HotForex) review- regulations, platforms, and traders ratings.

The account can be very beneficial for beginners as it gives them the opportunity to trade with virtual funds, with zero risks. HotForex enables its traders to use the most common trading platforms, which are the MetaTrader 4 and MetaTrader 5. This can be a great indicator that HotForex is a good broker because of MT4 and MT5 only partner with reliable brokers.

HotForex forex broker

HFM technology overall might be suitable for day trading, long or short trading, copy trading, Robot Trading, EAs all with quality execution. There are multiple ways to fund trading accounts supported by HFM. Besides broker issue its very own HFM MasterCard for a straight transaction and the ability to make safe online payments. To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

How do I get a HFM card?

HF Markets, known by its trading name HotForex, has got its license from the Dubai Financial Services Authority and has now announced about the operations in the United Arab Emirates . HF Markets already has operations in the UK, South Africa, and Cyprus. The Dubai Financial Services Authority is the financial regulatory agency… Yes, HFM allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions. HFM FIX/API is ideal for clients that want to use the FIX protocol.

  • In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc.
  • This prestigious license will strengthen broker’s international offer and will guarantee the highest level of security to even more clients around the world.
  • Unfortunately, I do not remember whether this broker has Paypal.
  • Of course, there is a mobile trading platform as well a HFM Mobile Application with an option to trade “on the go”.
  • First thing to notice is excellent platform with little to no slippage during high volatility.
  • When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform.

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. In terms of cryptocurrencies, HotForex offers clients the opportunity to trade derivatives on popular cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin. HotForex provides important client protection measures that ensure the safety of their LimeFxs. These include participation in a compensation scheme that will cover clients in the event of broker insolvency, as well as the storing of client deposits in segregated accounts. MetaTrader 5 is available from HotForex on all the above interfaces and provides users with advanced trading tools, superior support, and total control of their trades for an enhanced trading experience.

For the funds protection, which is an important part of the regulated broker, HF Markets Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against LimeFx firms. Clients’ deposits are protected under the requirements limefx broker reviews of the regulators. Yet, we found not very wide range of trading instruments for European clients, it might be the case of regulations, but yet is good to check other industry proposals too. Besides DMA access to Futures or Indices trading is not available too.

LimeFx Broker

In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc. Besides, wee see obvious evolvement in HFM growth and regulation, now Broker operates fully legally in Africa region too with South Africa and Kenya obtained licenses. HFM Overall Ranking is 9 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.

The review gives a lot of useful information to help novice and even experienced traders know more about the broker. You can also check Hotforex customer reviews and comments to get a better picture of the broker. The broker also offers a mobile version of the trading platforms, which means that you can trade Forex with HotForex from anywhere you are. One of the HFM Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. Based on our Expert finds, HFM provides good trading conditions that might be some of the best for Forex trading and CFDs trading, also available in a global scale for international trading.

They have multiple choices of assets, commodities, currency pairs etc with little spreads. HFM minimum deposits start from 5$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well, also determined by the payment method you would choose. Each of the account types brings good flexibility and allowing to choose based on your trading strategy, allowing either beginning traders, investors or professionals to find its own way in trading. HFM provides an variety of account options with 6 different accounts based on specific requirements. The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts also you can select the Islamic Account suitable for traders from the MENA region or beyond.

HotForex offers several different contests for Forex Traders. Forex Contests are offered by brokers to allow traders to earn additional profits in winnings and involve direct trading competitions. HotForex is an excellent choice of Forex broker for both beginner and advanced traders. The broker presents a low barrier of entry with its minimum deposit, access to an enormous selection of tradable assets, and use of the full MetaTrader suite.

Before creating our list of the best brokers for Iraqis, we had to make sure they were all regulated and trusted brokers. We’ve listed the best trading sites that would let you as an Iraqi trader, trade Indices, Forex, Stocks, ETFs, Binary Options, CDFs, and some cryptocurrencies like Ethereum and Bitcoin. Yes, HotForex has an online support team for Forex trade account users. The online support team can be contacted by clicking on the chat button on HotForex’s official website. The broker did promote a $30 welcome bonus in the past, which is currently expired.

MT4 and MT5 HFM terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously, however desktop version still remains the most complete with all features and add-ons available there. As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies. Also, there are HFM entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HFM multiple parallel regulations it is considered to be safe to trade with them.

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