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One thing that stood out the first time we launched HF Markets was the sheer load of information, text and images. Rookie traders might be intimidated by this. Or, they might find this information helpful to the extent that they know what they’re looking for. No matter, HF Markets, in our eyes, is shaping out to be a stable Forex and CFDs broker, with a lot to offer, so bear with us.
HF Markets is a brand name used by a group of five companies:
HF Markets (Europe) Ltd is a Cypriot Investment Firm. As such it is tightly regulated by Cyprus Securities and Exchange Commission (CySEC), carrying all necessary investigations in order to ensure fraud-free market operations. HF Markets (Europe) Ltd is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent.
HF Markets (UK) Ltd is regulated and authorized by the UK’s very own FCA. The FCA requires proof of financial stability and compliance with a set of strict rules, from all its signed brokers. Those supervised by the FCA are members of the Financial Services Compensation Scheme, meaning that if a broker is unable to pay back its debts or ceases to trade, then the client is eligible for a refund of up to £85 000.
In Dubai, HF Markets (DIFC) Ltd is authorized and regulated by the Dubai Financial Services Authority or DFSA. The DFSA aims to enforce world class regulations of financial services by monitoring firms and their compliance with the law.
HF Markets SA (PTY) is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA). This body’s main endeavor is to promote unprejudiced customer treatment and to solidify the financial market in South Africa.
HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA), maintaining a high level of professionalism within the financial services market.
Expected leverages up to 1:30, as issued by the UK and EU ESMA legislation. Outside the jurisdiction of ESMA leverages can reach up to 1:500, depending on account type. The normal EUR/USD spread is 1.2 pips. This can also vary from account to account.
HF Markets has on offer an extensive choice in tradeable instruments and products. Major and minor currency pairs, crypto currencies, metals, leading indices, major company shares, energies, vital commodities and bonds.
With so many subsidiaries abroad it is no surprise that HF Markets sports an extended selection of languages: English, Portuguese, Greek, Russian, Hungarian, Czech, Romanian, Italian, Polish, Slovakian, French, Bulgarian, Spanish and German. However, with so many offshore branches we wonder why there are so many exotic languages missing.
HF MARKETS LOGIN
HF Markets have strategically boosted their MT4 platform with a galore of features, tools and versions, to the point where any other platform would be deemed trivial, even unnecessary.
There is a lot to be said about MT4, especially when considering the amount of time and effort that HF Markets have put into upgrading it and making it even better. The classic platform retains a very professional demeanor, with an extreme attention to detail. Of course Expert Advisors are there to trade for you. Other pros, such as VPS, the many built-in indicators and tools, extensive analysis of quotes (etc.), propel MT4 to the top. Included in the MT4 package is a MultiTerminal allowing traders to manage various accounts from the one interface.
Expect Forex EUR/USD spread to be as low as 1.2 pips. In the UK and EU the maximum leverage is locked to 1:30. Outside these territories the leverage can climb up to 1:500.
Trading and Analysis tools are open to traders who wish to change things up a bit. The ground should be carefully probed since many of these tools offer game changing (for the better, or worst) results. For example there’s the Autochartist tool that scans charts and identifies patterns, so that traders will apply their strategy accordingly. Another one is the Correlation Matrix that can calculate the interrelationship between symbols in an open position (among other features). The possibilities are seemingly endless, as HF Markets offers 15+ tools for traders to up their game with.
Aside from the MT4 standard downloadable desktop version, HF Markets offers the platform on every other device, be it mobile or tablet. Both Android and iOS users can download the HF App allowing for user friendly access to you HF Markets account. Browser based MT4 is back (just click launch, no software installation needed; no EAs though).
Metatrader 5 is back, even though offered exclusively to non-European traders. The platform retains all its know features that make it second only to MT4. MT5 comes with Expert Advisors, Virtual Private Servers, an improved interface and much more.
Since it’s solely available to offshore traders, MT5 can have leverages as high as 1:500. The spreads are as low as 1.2 pips.
Access the MT5 platform from your desktop, browser, smartphone or tablet.
HF MARKETS MINIMUM DEPOSIT
The minimum deposit for traders to open an account is $50 for the Micro account type. Premium of $100, Zero of $200. HFCopy account holders will be required a minimum deposit of 1000 EUR for Strategy Providers and 300 EUR for Follower. The Premium Pro account has a minimum deposit requirement of $500.
The available methods traders can use to fund their account are: Visa, Visa Electron, Mastercard, Maestro, Skrill, Neteller, Wire Transfer, TrustPay.
For offshore users the following deposit methods are available: Visa, Visa Electron, Mastercard, Maestro, Skrill, Neteller, Wire Transfer, Bitcoin, Bitcoin Cash, bitcoin by Skrill, fasapay, WebMoney, Union Pay.
Traders can choose their base currency in EUR or USD.
For all credit cards, Netteler, Skrill and TrustPay the deposit fee is non-existent and the processing time is stated as being up to 10 minutes. Wire Transfer is an exception. The minimum deposit amount is $250, with a processing time depending on the banks involved in the transaction. Users’ accounts will be issued with their deposited funds once they are shown on HF Markets’ bank account. This process usually take up to 1 business day.
Wire Transfers can be issued a fee if the deposited sum is below $250.
HF MARKETS WITHDRAWAL TIME AND FEES
The FCA regulation guarantees that there will be no issues whatsoever with withdrawing your money.
Withdraw money using: Visa, Visa Electron, Mastercard, Maestro, Skrill, Neteller, Wire Transfer, TrustPay.
The following payment methods can be used if you visit the non-European version of HF Markets: Visa, Visa Electron, Mastercard, Maestro, Skrill, Neteller, Wire Transfer, Bitcoin, Bitcoin Cash, bitcoin by Skrill, fasapay, WebMoney, Union Pay.
The base currencies for HF Markets are EUR and USD.
Neteller and Skrill users can get their money instantly, while credit card and Wire Transfer clients have a withdrawal waiting time of 2-10 days.
HF Markets does not charge any fees on withdrawing. With that said, Wire Transfer traders can be eligible for fees if the bank(s) processing the transaction(s) have routine fees for their customers.
The minimum withdrawal amount for HF Markets users is $5, for all payment methods (credit cards, Netteler, Skrill and TrustPay). Only Wire Transfer has a $150 minimum.
Even though they utilize only one platform, MT4 is packed full of features and tools with the potential of changing how traders do their craft. Another upside is the fee-free withdrawals.
Adding to that is the fact that HF Markets broker is regulated worldwide by respected authoritative bodies further increasing our trust in it. The proof is with the numerous awards that HF Markets has accumulated throughout the years.