HF Markets is this a scam? Review and Customers Reviews

Established in 2010, HFM (formerly HotForex) is a registered brand name of HF Markets (SV) Ltd, a part of the HF Markets Group of companies, a conglomerate which encompasses global and regulated entities operating as multi-asset CFD Brokers to provide services to clients around the world:

• HF Markets (SV) Ltd incorporated in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
• HF Markets (DIFC) Ltd is authorised and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
• HF Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
• HF Markets SA (PTY) Ltd is an authorised Financial Service Provider from the Financial Sector Conduct Authority (FSCA) in South Africa, with authorisation number 46632.
• HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s License number SD015.
• HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.

HFM, the winner of 60+ industry awards, is a multi-asset broker providing advanced global online trading services to over 3,500,000 live accounts of over 3,500 CFD products to retail traders and institutional clients. They offer:

• Forex.
• Metals.
• Energies.
• Indices.
• CFD & DMA (Direct Market Access) Stocks.
• Commodities.
• Exchange-Traded Funds (ETFs).
• Bonds.
• Physical Stocks.

Evolution from HotForex to HFM

In 2022, HotForex evolved into HFM, a new era with a new look, new brand name and new domain name that better reflects its wide variety of products and services. It remains committed to maintaining its mission to be a client-centric broker of choice and market leader that provides the best customer service.

New Products Added in 2022: Physical Stocks

In June 2022, HFM added more than 2,000 zero-commission physical stocks to its products offerings, allowing clients to diversify their portfolio and own a part of their favourite company’s shares.

As well as the opportunity to own high-value stocks, HFM clients can buy fractional shares for just $5. With direct access to the world’s biggest stock exchanges, investors get real-time prices for global market-leading stocks.

A wide range of account types, ranging from the Micro account which can be opened with just $5 to the HFcopy copy trading platform, means clients have the opportunity to diversify their portfolio by trading on one and investing on the other.

Industry recognition

HFM focuses on providing the best combination of trading accounts, instruments, platforms, educational tools and resources to cater to traders of all levels. Their multilingual help team is available by phone and live chat 24/5, and their Execution Desk is happy to help manage orders for those times when a client is unable to access the internet.

Their client-centric culture has earned them 60+ highly prestigious awards from some of the forex industry’s most respected awarding bodies, including Most Transparent Broker, Best Client Services Global and Best Trading Experience. They were also accepted into the ranks of the World Finance Top 100, a great honor rewarding excellence in offering innovative products, outstanding customer service and unparalleled trading conditions.

Continued Proven Success

In 2020, HFM celebrated ten years of trading excellence. It received the Decade of Excellence Forex Brokerage Asia 2020 award by Global Banking & Finance Review in recognition of their landmark achievements both in the industry and in client satisfaction.

HFM prides itself on continuously updating its products and services, and is always open to new ways to further enhance the customer experience. It recently overhauled its client registration process; it added even more new products; introduced new local payment methods; started its own copy trading platform, added the MT5 trading platform so clients can trade a wider range of products, and made industry history as the first broker to enter into an e-sports collaboration.

Affiliate Program

The HFM Affiliate program requires no experience and no fees to start. It gives clients the opportunity to partner with a reliable forex broker and makes it easy to get started so partners can start building their own affiliate business. With four partnership types and multi-tier tracking up to 5 levels, the program offers:

• Up to $15 per lot net revenue.
• 25% on sub-affiliates.
• Weekly payments.
• Marketing support.
• Extensive MT4 & MT5 reporting.

Bonus Offerings

HFM offers four bonuses designed to increase account leverage and help clients by adding bonus value to their deposits.

50% welcome bonus

• Increases account balance by 50%.
• Applies to a first deposit of just USD 50.
• Automatically applied to trading account.

100% supercharged bonus

• Applies to EVERY deposit over USD 250.
• Daily cash rebates of USD 2 per lot.
• Maximum cumulative bonus USD 50 000.
• Maximum cumulative rebates USD 8 000.

30% rescue bonus

• Increases account leverage
• Applies to deposits over USD 50.
• Additional «Stop Out Bonus» for qualifying accounts.
• Maximum cumulative bonus USD 7 000.
• Protects from period of drawdown.

100% credit bonus

• Relaxed time limit for completing volume requirements.
• Bonus can be withdrawn if volume requirements are met.
• Effectively makes the stop out level on cash balance as zero.

The HFM Loyalty Program

There are four different reward levels, beginning with the most basic level that rewards a trader simply for registering and funding their account all the way to the highest level, where rewards for trading volume can be turned into cash or other useful prizes. The more lots traded, the more bars earned!

Contests and Rewards

HFM offers several contests and rewards to give clients the opportunity to show off their skills and enter draws for great prizes, as well as a range of branded products provided free of charge. There are currently two live contests:

• Traders Awards: the number one trader is awarded the HTA award and a $1000 cash prize.
• Demo Contest: only held on demo accounts, there is no monetary risk but the cash prizes are real!

Reasons to choose HFM:

• 3 500 instruments.
• Low spreads.
• Leverage up to 1:1000.
• Negative Balance Protection.
• Client fund safety and market leading insurance.
• Deposits are free, fast and secure.
• Tight spreads from 0.1 EURUSD.
• Superior trading tools.
• Multiple account types.
• Safe and secure trading on multiple platforms.
• 24/5 support in over 27 languages including an Execution Desk.
• Promotions and bonuses.
• Multi-tier affiliates program.
• Educational material.
• Forex education e-course.
• Free live webinars.