Question 1

Is HFM beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

Yes, HFM appears quite beginner-friendly with several features designed for novice traders. They offer Cent accounts specifically for new traders who want to test their trading skills in a low-risk environment. The broker provides extensive educational resources including Online Trading Courses, Educational Videos, Webinars, Seminars, and Podcasts. They also offer VPS Hosting and Autochartist tools to help beginners. Additionally, they have a user-friendly mobile app (HFM App) that has been awarded as Best Forex Trading App, making trading accessible on-the-go. Their Premium account offers swap-free trading with no minimum deposit requirement, which can be beneficial for beginners starting with smaller amounts.

Question 2

What trading platforms does HFM offer?

FXScope Intelligence Lab · Accepted Answer

HFM offers multiple trading platforms to suit different trader preferences and needs. They provide their proprietary HFM Platform, which is a modern and innovative solution. Additionally, they offer the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available on desktop and mobile. The HFM App is specifically designed for mobile trading and is compatible with MT5, offering hundreds of instruments, customized trading features, and powerful drawing tools. All platforms support CFDs trading, and MT4 specifically includes Copy Trading and Expert Advisors (EAs) functionality.

Question 3

What markets and instruments can I trade with HFM?

FXScope Intelligence Lab · Accepted Answer

HFM offers a wide range of trading instruments across multiple asset classes. Traders can access over 500+ instruments including Forex (major, minor, and exotic pairs), Commodities, Metals (gold, silver, etc.), Bonds, Energies (oil, gas), ETFs, Indices, Cryptocurrencies, and Stocks (individual company shares). This extensive selection allows traders to diversify their portfolios and trade various market conditions. The broker also offers CFDs trading on most of these instruments, providing flexibility in trading strategies.

Question 4

What are HFM's account types and their features?

FXScope Intelligence Lab · Accepted Answer

HFM offers four main account types designed to suit different trader experience levels and preferences. The Cent account is specifically for novice traders wanting to test their skills with smaller positions. The Zero account is an accessible, swap-free, low-cost trading solution suitable for all traders. The Pro account caters to more experienced traders who want to level up their trading. The Premium account offers retail traders swap-free trading with no minimum deposit and no commission. All accounts are designed to be competitive, and the broker claims these are the 'best trading accounts' in the industry based on awards received.

Question 5

Is HFM regulated and how secure are client funds?

FXScope Intelligence Lab · Accepted Answer

Yes, HFM is regulated by multiple authorities globally. The company is part of HF Markets Group and is regulated by the Financial Conduct Authority (FCA) in the UK under firm reference number 801701. The broker also operates under multiple international entities including HF Markets (SV) Ltd in St. Vincent & the Grenadines, HF Markets SA (PTY) Ltd in South Africa, HF Markets (Seychelles) Ltd, and HF Markets Fintech Services Ltd in Cyprus. Regarding fund security, HFM states they offer market-leading safeguards by segregating and insuring client funds, providing additional protection for trader capital.

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