Fresh HF Markets (formerly HotForex) review- regulations, platforms, and traders ratings.
5 star review by WaqasHafeez, Pakistan
What is HF Markets (HotForex)?
HotForex (now HF Markets) is a MetaTrader broker founded in 2010 and is regulated by FCA, SySEC, and other regulators. It offers 47 currency pairs, cryptocurrencies, and access to over 1,000 securities including precious metals, commodities, stocks, bonds, and stock indexes. Mobile trading is offered with MT4, MT5 mobile apps as well as proprietary HF App (in development).
HotForex (HFM.com broker) offers a social copy-trading platform HF Copy. Traders also get access to the client sentiment data, in-house produced market analytics, and educational materials including training videos, books, and articles.
Please read HF Markets (Hot Forex) Reviews below and share live trading experiences with this broker.
HFM's representative requests that anyone having issues please include the account number in the review. This should result in many issues being addressed more quickly.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$5|
|Address:||Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent And Grenadines|
|Regulators:||CySEC #183/12, FSC Mauritius #C110008214 , SVGFSA #22747 IBC 2015, FSA-S #SD015, FSCA #46632, DFSA #F004885, FCA #801701|
|Trading platforms:||MT4, MT5|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(5+) Bitcoin, Litecoin, Ethereum|
|CFD:||(5+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney|
HFM dividend problem
Incorrect dividend info
We sincerely appreciate the time you have taken to provide us with your feedback.
At our company, customer satisfaction is our utmost priority, and we highly value the opinions and experiences of our clients.
Please note that clients have the option to trade both spot and futures contracts for FRA40 and FRA40.F on our platform. It is important to understand that futures contracts have a specific expiry date, unlike spot contracts. Once the expiry date is reached, all orders associated with futures contracts will be automatically closed. For clients who prefer long-term trading strategies, it is worth noting that futures contracts may not be the most convenient option due to the need to manage expiry dates, which can result in forced trade closures. However, if the trading preferences of the client does not involve considerations such as dividends or swaps, the future Indices present an alternative to spot contracts. On the other hand, spot Indices are subject to corporate actions, including cash dividend pay outs, which are announced through the myHF area platform.
We would like to assure you that the communication you received from our trading department was intended to address your concerns regarding dividend charges.
Additionally, please be aware that this practice is not unique to HFM; it is a standard operating procedure followed across the market.
Thank you once again for sharing your feedback, and please feel free to reach out to us if you have any further questions or require assistance.
A very good start
Thank you for your feedback.
We are glad to hear you are enjoying our services.
STOP LOSS HUNTING and dealer desk
We appreciate you for taking the time to share your feedback with us.
At our company, we prioritize customer satisfaction and highly regard the viewpoints of our clients.
We thoroughly investigated your trading activity and the trading department has addressed and resolved the case successfully with you.
We are grateful for the trust you have placed in us and for the long-standing relationship that spans over 7 years.
Mar 16, 2023 - No Rating My /ticket reference number is: 3911236820. Why suddenly I can not withdraw? Whatever, withdrawal should be normal or it may cause panic.
Reply by HFM Support submitted Mar 17, 2023 Dear Jacky023,
We are sorry to hear you are experiencing difficulties and thank you for bringing this up to our attention.
You will be contacted shortly, as we will require further information in order to investigate further.
Thank you for your feedback.
We are glad to hear you are enjoying our services and we have been able to resolve the matter.
Frequently Asked Questions
Is HFM legit?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we recommend that you check recent HFM community discussions: https://www.forexpeacearmy.com/community/tags/hfm/
What is the minimum deposit for HFM?
Other HFM account minimums vary by type, with most being in the $100-$250 range.
Is HFM regulated?
- CYSEC in Cyprus
- the FSC of Mauritius
- the Seychelles FSA
- the FSCA of South Africa
- and the DFSA of the UAE
What is HFM?
HFM offers a wide range of currency pairs along with cryptocurrencies, stock indexes, precious metals, and other commodities.
How do I withdraw money from HFM?
- Bank Wire
- Credit Cards
How long does HFM withdrawal take?
The time for a processed withdrawal to be received varies from nearly instant to as much as 10 days, depending on the withdrawal method.
How do I apply for a HFM MasterCard?
Applications can be submitted directly from HFM's website after your account is approved and funded.
Does HFM allow hedging?
How do I get a HFM card?
Once approved, it is mailed to you for free. With HFM card, you can easily withdraw your funds directly to this card.