HF Markets

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:30
Minimum DepositVaries by account type; £0 for Zero account
Year Established2010
RegulationFCA (Financial Conduct Authority)
Payment methodsSkrill, Neteller, Wire Transfer, Credit/Debit Cards
Publicly Traded
Employeesover 200 globally
Type of BrokerForex and CFD broker
MT4
MT5
Trading AssetsOver 1200 financial instruments
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Respected brand with millions of users and 60+ accolades.
  • Heavily regulated holding licenses with top financial agencies including CySEC.
  • Superb research tools including advanced insights dashboard and daily market commentary.
  • MetaTrader 4 and MetaTrader 5 integration with desktop and mobile compatibility.
  • Excellent breadth of products including fractional shares.
  • Beginner-friendly copy trading app.
  • Demo account with no expiry.
  • Free deposits and withdrawals.
Cons
  • Slow sign-up process.
  • Mediocre range of funding options.
  • Average spreads on some assets.
  • HFM app has limited analysis tools compared to MetaTrader.

Introduction

Embarking on an exploration of HF Markets, we unravel the intricacies of this leading forex and CFD broker celebrated for its allegiance to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Regulated under the scrutiny of the UK’s Financial Conduct Authority (FCA), HF Markets has solidified its standing in the financial landscape by providing a comprehensive array of over 1200 financial instruments.

This review meticulously dissects critical facets such as the diverse instrument portfolio, fee structures, varied account types and the intricacies of the registration process.

Moreover, we will discuss the available funding methods, the regulatory framework, the functionality of trading platforms, leverage offerings, the significance of demo accounts, potential bonuses, and the supplementary tools that contribute to the overall trading experience.

Through this detailed analysis, we aim to provide a holistic understanding of HF Markets, empowering prospective traders to make informed decisions in navigating the dynamic realm of forex and CFD trading.

Visit official website of HF Markets

HF Markets Accounts

HF Markets offers a range of account types, including Premium, Premium Pro, and Zero accounts.

The minimum trade size is 0.01 lots across all accounts, and GBP is a designated base currency for UK traders.

The Premium account provides access to the proprietary HFM platform, setting it apart from other accounts.

Premium

  • Zero commission.
  • No minimum deposit.
  • Spreads from 1.4 pips.
  • 1:30 maximum leverage.
  • No ETFs, bonds, or index futures.
  • Swap-free trading supported on some instruments.

Premium Pro

  • All instruments.
  • Zero commission.
  • Spreads from 1.0 pips.
  • 1:400 maximum leverage.
  • £5000 minimum deposit.
  • Designed for professional traders.

Zero

  • All instruments.
  • £0 minimum deposit.
  • 1:30 maximum leverage.
  • Spreads from 0.0 pips on forex and gold.
  • Commission from less than £0.03 per 1k lot.
  • Swap-free trading on particular instruments.
Open a Free Account

How To Sign Up For An Account

The registration process involves several steps, including verifying email, completing a detailed form, and undergoing a trading experience and knowledge test.

While the process may be longer compared to some competitors, the trading knowledge test serves as a prudent measure to ensure traders understand the complexities of the market.

Registration Steps:

  1. Fill in initial details, including country of residence.
  2. Verify your email address.
  3. Complete the registration form and select Continue.
  4. Add investment projections and employment status.
  5. Click Save and Continue.
  6. Complete the trading experience and knowledge test.
  7. Upload your ID documents and proof of residency.
Open a Free Account

Instruments and Market Access

HF Markets impresses with an extensive array of instruments, including six metal derivatives, +50 forex pairs, five commodity futures, three bonds, +150 stocks, 11 spot indices, 12 futures indices, two energies, and +35 ETFs.

This diverse selection allows UK traders to create well-rounded portfolios, catering to various investment preferences.

Supported Instruments:

  • Six Metal Derivatives (e.g., gold and silver).
  • More than 50 Forex Pairs (including majors, minors, and exotics).
  • Five Commodity Futures (e.g., coffee and US cocoa).
  • Three Bonds (including UK Gilts and US 10-year Treasury Notes).
  • +150 Stocks (including UK-listed companies like Rolls-Royce and Rio Tinto).
  • 11 Spot Indices and 12 Futures Indices (e.g., FTSE 100 and S&P 500).
  • Two Energies (UK Brent and US Crude Oil: spot and futures markets).
  • More than 35 ETF.

Fees

While it offers competitive fees, it’s crucial to consider account types.

The Zero account stands out with the lowest spreads starting from 0.0 pips on forex and gold, accompanied by a commission of just £0.03 per 1k lot.

However, spreads on the Premium account are higher, starting from 1.4 pips. Overnight fees may apply, and it’s worth noting that fees vary depending on the account type.

Funding Methods

HF Markets provides convenient funding options with generally no deposit fees.

However, the minimum deposit varies by method, with wire transfer requiring £200.

Deposits are processed promptly, taking up to 10 minutes for most methods.

Deposit Methods:

  • Skrill
  • Neteller
  • Wire Transfer
  • Credit/Debit Cards

How To Deposit:

  1. Log in to myHF area (client area).
  2. Click on Deposits.
  3. Select the payment method.
  4. Follow the on-screen instructions.
  5. Submit the payment.

Withdrawals

Withdrawals are fee-free, with processing times within 24 hours on business days.

While Neteller and Skrill withdrawals are instant, other methods may take 2-10 business days.

Withdrawal charges may apply if not meeting the minimum requirements.

Withdrawal Process:

  1. Submit withdrawal request.
  2. Processed within 24 hours (Monday to Friday).
  3. Neteller and Skrill are instant; other methods may take 2-10 business days.
  4. Note that debit card withdrawals are capped to the initial deposit amount for AML purposes.
Visit official website of HF Markets

UK Regulation

HF Markets (UK) Ltd holds authorization and regulation from the FCA, a reputable regulatory authority imposing strict capital requirements.

Additionally, being a member of the Financial Services Compensation Scheme (FSCS) ensures potential protection of deposits up to £85,000 in case of insolvency.

Trading Platforms

HF Markets offers a robust selection of trading platforms, including MT4, MT5, Web Trader, and mobile trading.

The broker’s proprietary HFM platform is exclusively available to Premium account holders.

MT4:

  • Nine timeframes.
  • One-click trading.
  • 31 analytical objects.
  • Expert Advisors (EA).
  • 30 technical indicators.

MT5:

  • 21 timeframes.
  • One-click trading.
  • 44 analytical objects.
  • Expert Advisors (EA).
  • 38 technical indicators.
  • Built-in economic calendar.

Leverage

In adherence to FCA regulations, HF Markets limits leverage to 1:30 for most traders.

Professional traders on the Premium Pro account can access leverage up to 1:400.

Leverage ratios vary across markets and instruments, with careful consideration for risk management.

Demo Account

The broker provides a demo account with a virtual opening balance of up to £80,000, offering users a risk-free environment for learning and testing trading strategies.

How To Open a Demo Account:

  1. Log in to myHF.
  2. Click the CFD Trading Accounts dropdown and select Open Demo Account.
  3. Choose Demo Premium or Demo Zero.
  4. Select your preferred platform.
  5. Enter account currency and balance, read terms and conditions.
  6. Click Open Demo Account.
Open a Demo Account

Bonus Deals

HF Markets does not offer specific bonuses or promotions, aligning with FCA regulations restricting such financial incentives.

Education & Market Analysis

It also provides a comprehensive educational suite, including tutorial videos, e-books, and free weekly forex webinars for traders at all levels.

The market analysis section covers both fundamental and technical factors, appealing to a broad audience.

Trading Support

The broker offers a suite of tools to supplement trading strategies, such as AI-powered market insights, Autochartist for pattern scanning, a correlation matrix, and the Traders’ Board providing forex information and forecasts.

Standard features include an economic and earnings calendar, as well as various trading calculators.

VPS hosting is available for 24-hour investment with reduced latency.

Conclusion

In conclusion, HF Markets proves to be a robust and trustworthy choice for individuals navigating the complexities of the financial markets.

The regulatory backing from the UK’s Financial Conduct Authority (FCA) serves as a fundamental pillar, ensuring that it adheres to stringent industry standards, providing traders with a sense of security and reliability.

The extensive range of over 1200 financial instruments, spanning various asset classes, affords investors the opportunity to construct diversified portfolios tailored to their preferences.

While fees vary across account types, the competitive fee structure, particularly notable in the Zero account with its tight spreads, enhances the appeal of HF Markets.

The flexibility in account options, from the Premium account offering exclusive access to the proprietary HFM platform to the Zero account boasting minimal deposit requirements, accommodates traders of varying experience levels and preferences.

HF Markets excels not only in its provision of renowned trading platforms such as MT4 and MT5 but also in the user-friendly proprietary HFM app, catering to the evolving needs of traders in a dynamic market environment.

Beyond the transactional aspects, HF Markets demonstrates a commitment to trader education with a wealth of resources, including tutorial videos, eBooks, and webinars, fostering a supportive ecosystem for skill development.

The global recognition of HF Markets, underscored by over 60 industry awards, including the prestigious Best Forex Trading App accolade, further solidifies its standing in the competitive brokerage landscape.

The transparent regulatory framework is complemented by the broker’s membership in the Financial Services Compensation Scheme (FSCS), reinforcing its dedication to safeguarding client deposits.

In essence, HF Markets emerges not just as a platform for financial transactions but as a comprehensive partner for traders, offering a secure, diverse, and education-centric environment for navigating the intricacies of the financial markets.

Visit official website of HF Markets

FAQ – Frequently Asked Questions

Is HF Markets regulated?
Yes, HF Markets is regulated by the UK’s Financial Conduct Authority (FCA), a reputable regulatory authority in the financial industry.
What trading platforms does HF Markets support?
HF Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with versatile and widely-used platforms for forex and CFD trading.
How many financial instruments does it offer?
HF Markets offers a diverse range of over 1200 financial instruments, spanning various asset classes, providing ample opportunities for traders to diversify their portfolios.
What are the account types available?
HF Markets offers various account types, including Premium, Premium Pro, and Zero accounts, each catering to different trading preferences and experience levels.
Are there any deposit fees?
Generally, HF Markets does not charge deposit fees. However, certain funding methods may have specific minimum deposit requirements.
What are the leverage options?
In line with regulatory standards, HF Markets limits leverage to 1:30 for most traders. Professional traders on the Premium Pro account can access leverage up to 1:400.
Does HF Markets provide a demo account?
Yes, HF Markets offers a demo account with no expiry, allowing users to practice and refine their trading strategies without time constraints.
What funding methods are available for deposits and withdrawals?
HF Markets supports various funding methods, including Skrill, Neteller, wire transfer, and credit/debit cards, providing flexibility for traders to manage their accounts.
Is there negative balance protection at HF Markets?
Yes, HF Markets provides negative balance protection, ensuring that traders do not owe money to the broker if their leveraged positions incur losses.
Are there educational resources available for traders at HF Markets?
Yes, HF Markets offers a range of educational resources, including tutorial videos, eBooks, and webinars, providing valuable insights and support for traders at all skill levels.

Resources

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Article written, edited and reviewed by

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Last updated: June 11, 2024