Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
4.7/5 - (12 votes)
HFM review

HFM Review

Overall HFM (previously HotForex) is considered low-risk with an overall Trust Score of 85 out of 100. They are licensed by one Tier-1 Regulator (high trust), four Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). In addition, they offer Indonesian traders four different retail trading accounts: Cent, Zero, Premium, and Pro. 

Updated : November 21, 2023

Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

IDR 0 or USD 0

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 5, MetaTrader 4, HFM App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview 

Overview 

 

HFM (HF Markets) has significantly advanced in the financial trading industry, providing an improved MetaTrader suite and high-quality research. They offer a proprietary copy trading platform, HFCopy, and a selection of over 1,000 CFDs and 47 forex pairs.  

 

There are four account types: Cent, Zero, Premium, and Pro. These accounts offer CFDs on Forex, commodities, bonds, metals, energies, shares, indices, and more, with leverage of up to 1:2000. HF Market’s execution is lightning fast, and swap-free accounts are available. 

 

The broker’s Premium Trader Tools, created by FX Blue Labs, enhance the default MetaTrader suite when combined with signals from the Autochartist plugin.  

 

As part of its Return on Free Margin (ROFM) offering, the company has also added the ability for traders to earn up to 3% interest on unused margins in their accounts. 

 

Distribution of Traders

Distribution of Traders

 

HF Markets currently has the largest market share in these countries:

➡️️​ Japan – 53.7%

➡️️​ India – 5.78%

➡️️​ Indonesia – 5.05%

➡️️​ Nigeria – 4.58%

➡️️​ Malaysia – 3.1%

 

Popularity among Indonesian traders 

HF Markets is one of the Top 10 forex and CFD brokers for Indonesian traders. 

 

 

Can I access HF Market’s platform from anywhere in the world? 

While the platform is available worldwide, users should check local regulations to ensure compliance in their jurisdiction. 

 

Do they offer multilingual support? 

Yes, they offer customer service in multiple languages to meet the needs of its diverse global clientele. 

At a Glance

🏛 HeadquarteredCyprus
✅ Global OfficesSeychelles, South Africa, Dubai, UK, Kenya
🗓 Year Founded2010
📞 Indonesia Office Contact NumberNone
🤳 Social Media PlatformsFacebook, Twitter, Telegram, Instagram, YouTube, LinkedIn
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
🪪 License NumberSouth Africa – FSP 46632, Cyprus – 183/12, Dubai – F004885, Seychelles – SD015, United Kingdom – 801701, Mauritius – 094286/GBL, Kenya – CMA license 155
⚖️ BAPPEBTI RegulationNo
🚫 Regional RestrictionsThe United States, Canada, Sudan, North Korea, and Syria
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts4
📊 PAMM AccountsYes
🤝 Liquidity ProvidersBarclays UK, BNP Paribas, and others
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spread0.0 pips
📞 Margin CallBetween 40% to 50%
🛑 Stop-OutBetween 10% and 20%
✅ Crypto trading offered?Yes
💰 Offers a IDR Account?No
👨‍💻 Dedicated Indonesia Account Manager?No
📊 Maximum Leverage1:2000
🚫 Leverage Restrictions for Indonesia?None
💰 Minimum Deposit0 USD / 0 IDR
✅ IDR Deposits Allowed?Yes
📊 Active Indonesia Trader Stats200,000+
👥 Active Indonesia-based HFM customersUnknown
💳 Indonesia Daily Forex Turnover13.1 billion USD
💵 Deposit and Withdrawal OptionsBank Wire Transfer, Electronic Transfer, Credit Card, Debit Card, Skrill
🏦 Segregated Accounts with Indonesian Banks?No
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, HF App
✔️ Tradable AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
💸 Offers USD/IDR currency pair?No
📈 USD/IDR Average SpreadNone
📉 Offers Indonesian Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Portuguese, Spanish
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Indonesia-based customer support?No
✅ Bonuses and Promotions for Indonesia TradersYes
📚 Education for Indonesian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Trader in IndonesiaSeveral – Richest, Dadap Kuswoyo ($68,100 profit)
✅ Is HFM a safe broker for Indonesian traders?Yes
📊 Rating for HFM Indonesia9/10
🤝 Trust score for HFM Indonesia85%
🎉 Open an accountOpen Account

Overall Rating

Min Deposit

IDR 0 or USD 0

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 5, MetaTrader 4, HFM App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Safety and Security 

Safety and Security 

 

Regulation in Indonesia 

HF Markets is not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI/CoFTRA).

 

Security while Trading 

The broker prioritizes its traders’ security by implementing various measures tailored to each trader’s specific jurisdiction. The diverse regulations in place in various regions necessitate this strategy. 

 

Notably, client funds are held in separate accounts, as is customary in regulated markets. This practice distinguishes between a client’s assets and operational funds. This segregation protects if the broker becomes insolvent, thereby safeguarding client interests. 

 

Additionally, the negative balance protection policy is an integral safeguard for these customers. This policy protects against the inherent dangers of leveraged trading and market volatility. It ensures that traders cannot incur losses exceeding their initial deposits.  

 

How does the broker ensure the safety of client funds? 

They employ stringent security measures such as segregated accounts and encryption to protect client funds and personal information. 

 

Can I set up additional security features on my account? 

Clients can use two-factor authentication and other security features to protect their accounts. 

Awards and Recognition

Awards and Recognition

 

The broker received the following recent awards and recognition: 

➡️ Best Trading Accounts Globally in 2023, awarded by the World Business Outlook. 

➡️ Top 100 Companies in 2023, awarded by the World Finance Magazine. 

➡️ The Best Stock Broker in 2023, awarded during the FX Awards. 

➡️ Best Online Trading App in 2023, awarded by CFI.CO. 

➡️ Best Trading Platform Broker in 2023, awarded by FX Daily Info. 

➡️ Best Forex Broker Globally (2022), awarded during the European Awards. 

 

Have HF Markets received any awards for its services?
Yes, HF Markets has received numerous awards and recognition in the financial industry for its exceptional trading services and customer-centric approach.

 

What kind of awards have HF Markets been recognized for?
HF Markets has been recognized for various awards, including accolades for its customer service, trading platforms, educational resources, and overall excellence in the forex and financial trading industry.

HFM Account Types and Features

HFM Account Types and Features

 

 

Cent Account 

The Cent account is specially designed for Indonesian traders, providing them with a one-of-a-kind trading opportunity. It offers the advantage of swap-free trading and cent lots, allowing precise position sizing.  

 

The Cent lot represents 0.01 of a Standard lot or 1,000 units, enabling meticulous trade management. An outstanding feature of the Cent accounts is their remarkably low margin requirements that begin as low as just 10 US cents.  

 

This makes it an ideal option for novice Indonesian traders transitioning from demo to live trades while maintaining caution towards financial risks. 

Account FeaturesValue
💰 Minimum Deposit Requirement0 USD / 0 IDR
📊 Average spreads1.2 pips EUR/USD
📞 Trading PlatformMetaTrader 4, MetaTrader 5, HF App
📊 Range of Markets offered50+ Forex Pairs and Gold
💰 ExecutionMarket Execution
📈 Maximum Leverage1:2000
💵 Margin Call / Stop-Out40%/10%
💵 Base Account Currency OptionsUSD, ZAR, NGN
✔️ Personal Account ManagerYes
💸 Commissions on tradesNone
🎉 Open an accountOpen Account

 

Premium Account 

Designed specifically for Indonesian retail traders, the Premium account offers tailored features to suit their preferences. This includes swap-free trading options, lowered spreads and no requirement for a minimum deposit or commissions on transactions.

 

With this type of account, retail traders in Indonesia can enjoy smooth and hassle-free trading experiences. They are empowered to join global financial markets under favourable conditions while having the flexibility to select a preferred platform that suits them best. 

Account FeaturesValue
💰 Minimum Deposit Requirement0 USD / 0 IDR
📊 Average spreads1.2 pips EUR/USD
📞 Trading PlatformMetaTrader 4, MetaTrader 5, HF App
📊 Range of Markets offeredAll
💰 ExecutionMarket
📈 Maximum Leverage1:2000
💵 Margin Call / Stop-Out50%/20%
💵 Base Account Currency OptionsDepends on the region
✔️ Personal Account ManagerYes
💸 Commissions on tradesNone
🎉 Open an accountOpen Account

 

Zero Account 

Designed to pave the way for a new chapter in Indonesia’s foreign exchange market, the Zero Account is an innovative trading solution.  

 

One of the most notable characteristics of the Zero Account is its incorporation of RAW super-tight spreads sourced from top-tier liquidity providers. These transparent spreads eliminate hidden markups and promote a fair and competitive trading environment.

 

Furthermore, traders can enjoy exceptionally low commissions starting at just $0.03 per 1k lot – making this account type even more cost-efficient. 

Account FeaturesValue
💰 Minimum Deposit Requirement0 USD / 0 IDR
📊 Average spreadsFrom 0.0 pips EUR/USD
📞 Trading PlatformMetaTrader 4, MetaTrader 5, HF App
📊 Range of Markets offeredAll
💰 ExecutionMarket
📈 Maximum Leverage1:2000
💵 Margin Call / Stop-Out50%/20%
💵 Base Account Currency OptionsDepends on the region
✔️ Personal Account ManagerYes
💸 Commissions on tradesFrom $6 per round turn on Forex
🎉 Open an accountOpen Account

 

Pro Account 

The Pro Account is specifically created to meet the goals of skilled traders from Indonesia who strive to enhance their trading activities. This type of account offers unique attributes such as incredibly low spreads, leverage up to 1:2000, and no commissions.  

 

Together, these benefits contribute towards a superior trading experience for experienced Indonesian traders by allowing them to unlock their maximum potential and optimize strategies. 

 

Moreover, the swap-free feature of the Pro Account provides added flexibility and convenience, enabling Indonesian traders to focus on maximizing their trading results without being burdened by swap fees. 

Account FeaturesValue
💰 Minimum Deposit Requirement100 USD / 1,571,515 IDR
📊 Average spreadsFrom 0.05 pips EUR/USD
📞 Trading PlatformMetaTrader 4, MetaTrader 5, HF App
📊 Range of Markets offeredAll
💰 ExecutionMarket
📈 Maximum Leverage1:2000
💵 Margin Call / Stop-Out50%/20%
💵 Base Account Currency OptionsDepends on the region
✔️ Personal Account ManagerYes
💸 Commissions on tradesNone
🎉 Open an accountOpen Account

 

Demo Account 

HFM Account Types and Features Demo Account 

 

The Demo Account is specifically designed to replicate real trading scenarios, offering Indonesian traders a comprehensive simulation of market conditions.  

 

By aligning the demo trading environment with the live trading experience, the broker adheres to its principles of honesty, openness, and transparency.  

 

This ensures that when Indonesian traders transition from a demo account to a live account, they do so seamlessly and actively participate in the actual market. 

 

Islamic Account 

HFM Account Types and Features Islamic Account 

 

HF Markets specially designed the Islamic Account for traders in Indonesia who are Muslims. This account fully complies with Sharia law as it offers swap-free trading.  

 

Furthermore, it plays a significant role in HF Market’s dedication to meeting the diverse requirements of its customers and expanding its range of products. 

 

Indonesian traders can register a real account and contact customer support for assistance in converting their accounts into the Swap-Free option, allowing them to trade while adhering to their religious beliefs and preferred trading methods.

 

What types of accounts does the broker offer? 

The broker offers a Cent, Premium, Zero, and Pro Account. Furthermore, they also offer an unlimited demo account and an Islamic Account. 

 

What are the key features of the Premium account? 

The Premium account features lower spreads, dedicated account managers, and exclusive research and tools.

How to open an HF Markets Account – A Step-by-Step Guide 

To open an account, Indonesians can follow these steps: 

 

👉 Step 1 – Visit the official website of HF Markets.

To open a new live trading account, go to the HF Markets official website and click the green button. 

How to open an HF Markets Account - A Step-by-Step Guide Step 1

 

👉 Step 2 Complete Personal Information

Provide your name, email address, and preferred method of communication. 

How to open an HF Markets Account - A Step-by-Step Guide Step 2

 

HF Markets VS IG VS FP Markets – Broker Comparison

HF MarketsIGFP Markets
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMAASIC, CySEC
📱 Trading PlatformMetaTrader 4, MetaTrader 5, HFM AppMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX APIMetaTrader 4, MetaTrader 5, Myfxbook AutoTrade, FP Markets App
💰 Withdrawal FeeNoNoYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit0 USD / 0 IDR200 USD / 3,143,030 IDR100 USD / 1,571,515 IDR
📈 Leverage1:20001:30 (Retail, EU, UK), 1:222 (Pro)1:500
📊 Spread0.0 pipsFrom 0.1 pips DMA0.0 pips
💰 Commissions$6 per round turnFrom 0.10%From US$3
✴️ Margin Call/Stop-Out50%/20%100%/50%100%/50%
✴️ Order ExecutionMarketMarketMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account TypesCent Account, Premium Account, Zero Account, Pro AccountCFD/DMA Trading Account, Limited Risk Trading Account, Options Trading Account, Turbo24 Trading Account, Share Dealing Account, Spread Betting Account, Swap-Free Trading AccountMT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account
⚖️ BAPPEBTI RegulationNoNoNo
💳 IDR DepositsYesNoYes
📊 IDR AccountNoNoNo
👥 Customer Service Hours24/524/724/7
📊 Retail Investor Accounts474
☪️ Islamic AccountYesYes, DubaiYes
🎉 Open an accountOpen AccountOpen AccountOpen Account

Overall Rating

Min Deposit

IDR 0 or USD 0

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 5, MetaTrader 4, HFM App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Trading Platforms 

Trading Platforms 

 

The broker offers Indonesian traders a choice between these trading platforms: 

➡️ MetaTrader 4 and 5 

➡️ HF App 

 

MetaTrader 4 and 5 

Trading Platforms MetaTrader 4 and 5

 

The broker recognizes that the MT4 and MT5 platforms are highly suitable for Indonesian traders due to their user-friendly interface and simplicity, making them an excellent choice for those starting trading. 

 

Known for its reliability, adaptability, and comprehensive features, the MT4 platform is widely utilized. HF Market’s version of this platform provides Indonesian traders access to various financial assets such as Forex, commodities, indices, and more. 

 

The platform offers nine distinct timeframes and 30 technical indicators, which allow Indonesian traders to conduct thorough market analysis and make well-informed decisions when it comes to trading. 

 

For enhanced capabilities and additional features beyond what was available on MT4, Indonesian traders can look towards using MT5.  

 

This upgraded version grants access to stocks and futures along with other financial instruments, providing greater flexibility during trades. 

 

HF App 

Trading Platforms HF App 

 

The HF App, exclusively designed for Indonesian traders, offers easy access to MT4 and MT5 platforms with a modern, user-friendly design. Traders can personalize charts, execute orders with customized parameters, and manage funds through streamlined withdrawals and deposits.  

 

The app also includes an economic calendar to inform users about market events and offers educational resources like webinars and news tailored to individual preferences.  

 

This all-in-one approach enables Indonesian traders to make informed decisions and optimize their trading strategies. 

 

Does the broker offer any custom trading tools or indicators? 

Yes, they provide various custom trading tools, indicators, and expert advisors to help traders improve their trading strategies and analysis. 

 

What trading platforms do HF Markets offer? 

They provide popular trading platforms such as MetaTrader 4 and MetaTrader 5 and proprietary platforms tailored to specific trading requirements. 

Range of Markets

Range of Markets

 

Indonesian traders can expect the following range of markets: 

➡️ Precious Metals 

➡️ Energies 

➡️ Spot Indices 

➡️ Futures Indices 

➡️ Individual Stocks and Stock CFDs 

➡️ Commodities 

➡️ Cryptocurrencies 

➡️ Bonds 

➡️ DMA Stocks 

➡️ ETFs 

 

Does HF Markets offer trading in emerging markets? 

Yes, subject to availability and regional regulations, they provide access to various emerging market assets. 

 

Are there any restrictions on trading certain instruments? 

Yes, some trading instruments may be restricted due to regulatory requirements or account types. 

Broker Comparison for Range of Markets

HFMIGFP Markets
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoYesNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoYesNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsYesYesNo

Overall Rating

Min Deposit

IDR 0 or USD 0

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 5, MetaTrader 4, HFM App

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

HFM Fees, Spreads, and Commissions 

HFM Fees, Spreads, and Commissions 

 

Spreads 

Spreads, the costs of trading, can vary for Indonesian traders on the platform based on account type, market conditions, and the chosen financial instruments. Here’s an overview of typical spreads based on different account types: 

➡️ Cent Account – Starting from 1.2 pips 

➡️ Premium Account – Starting from 1.2 pips 

➡️ Zero Account – Starting from 0.0 pips 

➡️ Pro Account – 0.5 pips 

 

Overnight Fees 

HF Markets applies overnight fees, also known as swaps, based on market conditions and rates from price suppliers. Here’s a summary of overnight fees for different asset classes: 

Individual Stocks:

➡️ Daily swaps based on market circumstances and rates from price suppliers. 

➡️ All positions are subject to these swaps, with triple swaps on Wednesdays. 

➡️ Precious Metals (XAU and XAG): 

➡️ Daily swaps are responsive to market changes and rates from price providers. 

➡️ Triple swaps on Wednesdays. 

➡️ Swaps for XAU and XAG are indicated as 1 pip per lot. 

 

Energy: 

➡️ Daily swaps are altered based on market circumstances and prices from price providers. 

➡️ Triple swaps on Wednesdays. 

➡️ USOil and UKOil swaps are in US Dollar values. 

➡️ Other Instruments (Indices, Bonds, DMA Stocks, ETFs, Cryptocurrencies): 

➡️ Daily swap rate modifications based on market circumstances and rates from price providers. 

➡️ All positions are subject to these swaps, with quadruple swaps on Fridays. 

 

Deposit and Withdrawal Fees 

HF Markets ensures that all deposit and withdrawal methods available are completely free of charge. However, it is worth noting that deposits exceeding $100 are exempt from bank wire transfer fees. 

 

For Indonesian traders, deposits via bank wire transfers below the value of 1.5 million IDR or the equivalent of 100 USD based on the current exchange rate between USD and IDR might incur fees. 

 

Inactivity Fees 

HF Markets applies a $5 inactivity fee to dormant accounts after 6 months. 

 

Currency Conversion Fees 

Indonesian traders who deposit or withdraw in IDR could face currency conversion fees. 

 

Are there any hidden fees? 

No, HF Markets is dedicated to transparency, and all fees are clearly stated in their terms and conditions, with no hidden fees. 

 

Can I get a detailed breakdown of HF Market’s fees? 

Yes, clients can get a detailed breakdown of their fees, spreads, and commissions from their account dashboard or customer service. 

HFM Deposits and Withdrawals 

HFM Deposits and Withdrawals 

 

HF Markets offers Indonesian traders the following deposit and withdrawal methods: 

➡️ Bank Wire Transfer 

➡️ Electronic Transfer 

➡️ Credit Card 

➡️ Debit Card 

➡️ Skrill 

 

How long do the Deposits take? 

The deposits take a few minutes to a few days, depending on the chosen payment method. 

 

Are there any fees for deposits and withdrawals? 

Yes, the broker may charge fees for certain payment methods depending on the minimum deposit and withdrawal. 

How to make a Deposit with HF Markets

To deposit funds into an account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Log into your account.

Use your login credentials to access your trading account on the HFM website. 

How to make a Deposit with HF Markets Step 1

 

👉 Step 2 – Go to the deposit section.

Once logged in, navigate to the “Deposit” or “Fund Your Account” section. 

 

👉 Step 3 – Choose a deposit method.

Choose from various deposit methods offered by HF Markets, such as bank wire transfers, credit/debit cards, e-wallets, and online payment systems. Opt for the method that suits you best. 

How to Withdraw from HF Markets

To withdraw funds from an account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Log into your account.

Access your HFM account by logging in. 

How to Withdraw from HF Markets Step 1

 

👉 Step 2 – Go to the withdrawal section.

Proceed to the page that deals with account management or banking. Locate the option marked as “Withdraw,” “Withdraw Funds,” or a similar designation. 

 

👉 Step 3 – Choose a withdrawal method.

Input the desired withdrawal amount into the designated field. 

Education and Research 

Education and Research

 

HF Markets offers the following Educational Materials to Indonesian traders: 

➡️ HFM Educational Videos 

➡️ Training Course Videos 

➡️ Forex Education 

➡️ eCourses 

➡️ Live Webinars 

➡️ Events 

➡️ Podcasts 

 

The broker also offers Indonesian traders the following additional Research and Trading Tools: 

➡️ HF App 

➡️ VPS Hosting Services 

➡️ Premium Trader Tools 

➡️ AutoChartist Tools 

➡️ Trading Calculators 

➡️ myHF Client Area 

➡️ Advanced Insights 

➡️ Economic Calendar 

➡️ Traders’ Board 

➡️ Auto Trading through MQL5 

➡️ Forex News presented by FxStreet 

➡️ One-Click Trading 

➡️ Events 

➡️ HFM Exclusive Analysis 

 

What research tools are available on HF Market’s platform? 

The broker provides various research tools, including market analysis, economic calendars, and expert insights, to help traders make informed decisions. 

 

Can beginners benefit from HF Market’s educational materials? 

Yes, their educational materials are designed for beginners, providing foundational knowledge and practical trading skills. 

Bonus Offers and Promotions 

Bonus Offers and Promotions 

 

The broker offers Indonesian traders the following bonuses and promotions: 

➡️ Virtual to Real Demo Contest: Unleash your trading prowess in the ‘Virtual to Real’ Demo Contest and vie for tangible cash prizes on demo accounts.  

➡️ Boosted Balance Bonus: Elevate your trading potential by adding a 20% bonus to every deposit. This enticing bonus is open to all clients, and you can withdraw the profits gained. 

➡️ $1,000 Monthly Cash Prize: Flex your trading skills and seize a golden opportunity to win a $1,000 cash prize. The victor claims the cash and secures a prestigious obelisk award and an esteemed spot in the illustrious HFM Hall of Fame. The top 10 traders will be prominently showcased on the HFM Traders Awards page. 

 ➡️Exclusive HF Markets Merchandise: As a gesture of appreciation, HFM extends its gratitude to valued traders and partners with distinctive branded merchandise.  

➡️ HF Markets Trading Rewards Loyalty Program: As you actively engage in trading, accumulate valuable HFM Bars. Ascend through various reward tiers – Red, Silver, Gold, Platinum – and exchange your earned Bars for real cash or essential trading services that elevate your experience. 

➡️ HF Markets Gadget Extravaganza: Join the excitement on HFM’s social media channels for a chance to win coveted gadgets like the PlayStation 5, iPhone 14 Pro Max, GoPro Hero 11, and more.  

 

How can I participate in the promotional offers? 

Customers can take advantage of the promotional offers by following the instructions on the platform or contacting customer service. 

 

Are there any restrictions on withdrawing bonus funds? 

Yes, the bonus funds may have specific withdrawal conditions, such as trading volume requirements; clients should carefully review the terms. 

How to open an Affiliate Account with HF Markets

To register an Affiliate Account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Go to the affiliate section.

Find the “Affiliates” section on the main toolbar to grasp the HFM Affiliate Program better. 

How to open an Affiliate Account with HF Markets Step 1

 

👉 Step 2 – Select “Become an Affiliate”

Click on a green banner labelled “Become an Affiliate” to initiate registration. 

How to open an Affiliate Account with HF Markets Step 2

 

👉 Step 3 – Complete the Form for Registration.

Choose whether you want to be registered as an individual or corporation based on your specific affiliation requirements and goals. Provide personal information accurately in all mandatory fields during this phase of registration. 

How to open an Affiliate Account with HF Markets Step 3

Affiliate Program Features 

Affiliate Program Features 

 

The broker provides a comprehensive Affiliate Program tailored for online and offline affiliates in the Forex market. The program offers top commission structures and specialized products to help affiliates meet their revenue goals without requiring extensive technical expertise. 

 

Affiliation Options 

➡️ Affiliates: Indonesians can join the ultimate Affiliate Program, earning top commissions by referring clients to HFM. Furthermore, affiliates can use a customizable product range and exceptional commission structure tailored to their revenue objectives. 

➡️ Sub-Affiliates: Those well-versed in online marketing or with successful websites can introduce new clients to HFM and earn commissions. Not only do partners benefit from their clients’ trading, but they could also earn from clients’ trading activities brought in by sub-affiliates. 

 

Affiliate Program Highlights 

Indonesians who sign up for the affiliate program can expect some of the following benefits: 

➡️ HF Markets Rebates: Seamlessly offer rebates to your clients’ trading accounts through an advanced system, streamlining the process for enhanced client satisfaction. 

➡️ HF Markets Logos: Gain access to standard and vector HFM logos in diverse sizes and formats for consistent branding alignment. 

➡️ HF Markets Avatars: Amplify your online presence using branded avatars and wallpapers, ensuring a distinctive and recognizable virtual identity. 

➡️ HF Markets Tutorials: Engage potential clients adeptly through complimentary online video tutorials, offering insights into the nuances of Forex trading. 

➡️ HF Markets Educational Seminars: Engage in local educational seminars facilitated by HFM to enrich your comprehension of financial markets, thereby sharpening your trading acumen. 

➡️ HF Markets Branding Guidelines: Embrace the art of harnessing the brand effectively through a comprehensive branding guide, offering insights for optimal outcomes. 

➡️ HF Markets Roll-ups: Access professionally crafted event roll-up banners meticulously designed and available in customizable dimensions. 

➡️ HF Markets Print Ads: Elevate brand recognition and entice clients through compelling print advertisements strategically placed in offline media channels. 

➡️ HF Markets Outdoors: Extend your reach to an offline audience with skilfully crafted billboard advertisements designed to captivate attention. 

 

What commission structure does the affiliate program offer? 

Depending on the agreement, the affiliate program offers a variety of commission structures, including CPA, revenue share, and hybrid models. 

 

How can I track my referrals and earnings in the affiliate program? 

The broker provides affiliates with a dedicated dashboard to track referrals, earnings, and marketing opportunities. 

Customer Support

⏳ Operating Hours24/5
📚 Support LanguagesMultilingual
💬 Live ChatYes
💻 Email Address[email protected]
☎️ Telephonic SupportYes
✔️ The overall quality of HFM Support4/5

 

How can I contact their customer support? 

The broker customer service is available 24 hours a day, five days a week via phone, email, live chat, and the client portal. 

 

Can I get technical support for trading platforms? 

HF Market’s customer service responds within a few minutes on average, though response times may vary depending on the query and channel used. 

Corporate Social Responsibility 

Corporate Social Responsibility 

 

➡️ HF Markets actively supported the World Health Organization’s fight against the Covid-19 pandemic. Significant financial aid and coordinated efforts were directed at mitigating the impact of the pandemic on vulnerable areas. 

➡️ HFM Group’s philanthropic work with The Rainforest Alliance exemplified its commitment to environmental preservation. This international non-profit aids indigenous communities in combating the Amazon rainforest fires. 

➡️ Through its support for the Larnaca Lions Club, HFM has strengthened local communities. Through the regional chapter of Lions Club International, monetary support has contributed to the improvement of the lives of young people. 

➡️ In 2017, the company’s employees initiated a heart-warming holiday program. Young people in Larnaca, Cyprus, received financial assistance and positive reinforcement, resulting in a memorable and enjoyable vacation. 

 

How does the broker contribute to environmental sustainability? 

The broker contributes to environmental sustainability by using energy-efficient practices, reducing waste, and supporting environmentally friendly initiatives. 

 

Does HF Markets support any charitable organizations or causes? 

Yes, they provide VPS hosting to enable smooth and uninterrupted trading, especially for automated trading strategies. 

Verdict 

We thoroughly investigated HF Market’s offerings, including its diverse account types and high leverage, as well as its trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the HF App.

 

Our research reveals a broker dedicated to providing a customized trading experience to meet various needs and preferences.

Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

1

8/10

ASIC, FSA

$100

1:400

2

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:20000

3

8.4/10

FSA, CySec, FSCA, FSC

$1

1:3000

4

8/10

FCA, IFSC, CySec, ASIC

$5

1:1000

5

8/10

FSCA, FSC, FSA

$10

1:400

6

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

$0

1:2000

7

8.5/10

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

1:400

8

8.3/10

IFSC, FSCA, ASIC, CySEC

$1

1:1000

9

8.2/10

SVGFSA

$5

1:500

10

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

1

8/10

$100

1:400

2

9/10

$10

1:20000

3

8.4/10

$1

1:3000

4

8/10

$5

1:1000

5

8/10

$10

1:400

6

8.7/10

$50

1:100

7

8.5/10

$10

1:400

8

8.3/10

$1

1:1000

9

8.2/10

$5

1:500

10

8.1/10

$100

1:500

you might also like: Octa Review

you might also like: XM Review

you might also like: Exness Review

you might also like: FXOpen review

you might also like: AvaTrade Review

Pros and Cons

✔️ Pros❌ Cons
The HF mobile app provides a proprietary trading platform that is accessible via mobile, allowing for flexibility in trading while on the goSome accounts require no deposit, while others, such as the Premium Pro account, require a minimum deposit of $100
HF Markets has an extensive research section that provides traders with valuable insights and analysisSome accounts cater to a small number of assets, limiting diversification options
Spreads starting at 0.0 pips and maximum leverage of 1:2000 on certain accounts provide competitive trading conditionsAs a CFDs broker, they may charge an overnight fee on each asset, which may be an issue for some traders
HF Markets offers educational resources, including a forex e-course, to help traders with their continuous learning and growthWhile HF Market’s accounts do not require a minimum deposit, the minimum that traders can deposit according to the payment methods is 5 USD
They are regulated by reputable organizations such as CySEC, FCA, DFSA, FSCA, and the FSA, ensuring a safe trading environment
HF Market’s proprietary copy trading platform, HFCopy, allows strategy providers to earn a 35% fee, thereby increasing earning potential
The broker caters to a global audience by supporting 20 languages, thereby increasing accessibility
HF Markets caters to a wide range of trading needs and preferences by offering a variety of account types, including a copy trading account

Frequently Asked Questions

Do HF Markets have VIX 75? 

Yes, they provide access to the Volatility 75 index, with spreads beginning at 0.14 pips. 

 

What are some of the broker’s sponsorships? 

PSG, Santos HFM e-Sports, and pilot Tio Ellinas have all received sponsorship from them. 

 

What assets can I trade? 

The broker allows you to trade Forex, commodities, indices, and cryptocurrencies. 

 

Does the broker have Nasdaq 100? 

Yes, they offer Nasdaq as spot contracts on Indices and Futures contracts on Indices under the name “US Tech 100.” 

 

Does HF Markets offer a demo account? 

Yes, they offer a demo account for trading practice. 

 

Is HF Markets Safe or a Scam? 

Yes, HF Markets is a globally recognized brokerage firm with a reputable industry presence. 

 

Is HF Markets regulated? 

Yes, they are regulated. The FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA govern HFM. These regulatory bodies ensure that the broker operates within legal frameworks and follows certain standards of conduct. 

Table of Contents