HF Markets – Is This a Broker You Can Count On?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
HF Markets - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2022
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://hfeu.com
Founded: 2022
Regulations: Regulated
Languages: English, French, German, Chinese, Vietnamese, Korean, Thai, Indonesian, Bangla, Portuguese, Russian, Arabic, Turkish, Italian, Spanish, Malay, Filipino, Japanese, Hindi
Deposit Methods: Credit Card, Debit Card, Wire Transfer, Skrill, Sofort, Neteller, iDeal
Minimum Deposit: $100
Free Demo Account: Yes
Number of Assets: 1200+
Types of Assets: Forex, Commodities, Metals, Shares, Indices
Trading Accounts and Conditions
HF Markets offers its clients 4 main types of accounts:
- Micro: The minimum deposit is $5 for this account type. The maximum leverage is 1:1000, spreads are variable and start at 1 pip.
- Premium: The minimum deposit is $100 for this account type. The maximum leverage is 1:500, spreads are variable and start from 1 pip.
- Zero Spread: The minimum deposit is $200 for this account type. The maximum leverage is 1:500, spreads are variable and start at 0 pips on Forex.
- Auto: The minimum deposit is $200 for this account type. The maximum leverage is 1:500, spreads are variable and start from 1 pip.
There is also the PAMM (Premium) account, where the minimum deposit is $250, leverage is 1:300 (max) and variable spreads start from 1 pip. For the HFCOPY account, the minimum deposit is $500 for the Strategy Provider, and $100 for the Follower. Maximum leverage for this account is 1:400 and spreads are from 1 pip.
There is also an Islamic account available for traders.
HF Markets – Advantages
Here are the many advantages we found while reviewing HF Markets:
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Strongly Regulated
HF Markets, along with its sister brokerage, HotForex, are brand names under the company called HF Markets Group. This company is registered in Cyprus, the UK, Dubai, South Africa, Mauritius and the Seychelles. The hfeu.com domain, which is what we are reviewing, is focused exclusively on customers based in the European Union.
HF Markets (hfeu.com), is operated by HF Markets (Europe) Ltd., which is based in Cyprus and is regulated by the Cy SEC (Cyprus Securities and Exchange Commission). Since Cyprus is a part of the European Union, it (and the CySEC) falls under the purview of the ESMA (European Securities and Markets Authority), which has some of the strictest regulations in the world. What this means for traders is that they will enjoy the best protection against being scammed anywhere in the world.
Thus, if you invest with HF Markets, you know you are dealing with a strongly regulated and protected broker.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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MT4 and MT5 Trading Platforms
Customers of HF Markets get offered both the MetaTrader 4 and the MetaTrader 5 trading platforms. These are top two trading platforms in the world.
The MT4 platform has dominated the forex trading market for the last 15 years mainly because of its massive automatic trading capabilities. This software is available on HF Markets in numerous versions – Windows, Linux, iOS, Android and Mac. The broker also offers a customized version of the software, which it calls the HF Markets MultiTerminal.
The MT5 platform beats its predecessor in terms of features, using 64-bit architecture and offering more an even wider range of technical indicators, analytics tools and so on. Traders are offered this software in desktop, web-based and mobile versions, but you do not get the Linux and Mac versions of this platform.
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Added Functionality
HF Markets goes the extra mile for its customers by providing added functionality the already excellent trading platforms it offers.
Traders are offered a wide range of high-end trading tools that include messaging functions and alarms, market data, user-customizable tools, correlation and live sentiment tracking, to name a few. Added to that users also get to use the broker’s free Virtual Private Server hosting facility, which allows your automated trading tools to remain independent of HF Markets’ connection and hardware. You can also make use of their education materials and tools that are freely available for everyone on their website.
And finally, customers are also offers the HFCopy, a social trading service where you can carry out automatic copying of selected traders. This way, less experienced investors can learn how to trade from the more experienced investors.
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Excellent Trading Conditions
HF Markets also offers its clients the best of trading conditions. Spreads that are extremely competitive (ranging from 0 pips to 1 pip), very high leverage ratios (though, those can be a double-edged sword and need to be used with extreme caution), and low or no commissions (depending on the type of account you choose).
A rider here that the broker has inserted in its terms and conditions is that if you use the very high leverage options provided, then you will need to waive the protection and guarantees that traders using lower leverages enjoy. If you choose not to waive your protection, the you will need to trade within the EU limits (1:30). However, for Polish customers, HF Markets offers a mid-way option called Experienced Retail Clients. For these clients, leverage ratios are at a maximum of 1:100, a special consideration being allowed by the country’s financial regulator, the KNF (Komisja Nadzoru Finansowega).
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Wide Range of Payment Options
Another big plus of doing business with HF Markets is that you get to choose from a wide range of payment methods – Visa Secure, Visa, MasterCard, Maestro, Wire Transfer, Skrill, Neteller, Sofort, and iDeal.
In fact, one of the key selling points that HF Markets publicizes about itself is its automatic transfer system, wherein you can transfer your money in literally seconds once that your chosen payment method has been properly authorized!
HF Markets – Disadvantages
We could not find anything negative to say about this broker!
Conclusion
HF Markets, like its parent company and its sister branches, is a strongly regulated broker that can be trusted to offer you competitive prices and secured trading. This is a broker you can trust.
HF Markets
Pros
- Strongly Regulated
- MT4 and MT5 Trading Platforms
- Added Functionality
- Excellent Trading Conditions
- Wide Range of Payment Options
Cons
- None
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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