What Account Types and Fees Does HFM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Micro Account |
Beginners and small-cap traders |
Low minimum deposit of $5, maximum leverage of 1:1000 |
Suitable for traders looking to practice with minimal risk |
| Premium Account |
Experienced traders |
No minimum deposit, high leverage up to 1:500 |
Great for those who wish to trade larger volumes |
| Zero Spread Account |
Active traders |
Raw spreads from 0.0 pips, commission-based pricing |
Requires a minimum deposit of $200 |
| PAMM Account |
Investors and money managers |
Enables fund management with flexibility in trading strategies |
Minimum deposit of $250 required |
| HFCopy Account |
Social traders |
Dedicated for copy trading with flexible deposit options |
Minimum deposit of $500 for providers; $100 for followers |
| Islamic Account |
Muslim traders |
Swap-free trading options available |
Must adhere to Islamic finance principles |
| Demo Account |
All traders |
Unlimited access to practice trading |
Perfect for testing strategies without financial risk |
Account Opening Process
To open an account with HFM, follow these steps:
1. Visit the HFM website and click on “Open Live Account.”
2. Complete the registration form with your country of residence, phone number, name, date of birth, email address, and password.
3. Click “Register” to access the myHF area where you can select your preferred account.
4. Upload necessary documents for identity verification, including a government-issued ID and proof of residency.
5. Make the minimum deposit to finalize your account setup. You will receive a confirmation email with your account login details.
HFM allows flexibility in account management, enabling users to upgrade to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Commission: $6 per lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (Commission: $6 per lot) |
Competitive for active trading |
| CFDs (Stocks) |
1.2 |
$0 (Commission: $6 per lot) |
Varied spreads based on liquidity |
| CFDs (Commodities) |
2.0 |
$0 (Commission: $6 per lot) |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Volatility-dependent fees |
Other Fees
HFM outlines various additional fees that may apply:
– Deposit/Withdrawal Fees: No fees for standard deposits; however, some methods may incur charges.
– Inactivity Fees: Accounts inactive for over 6 months may be subjected to a fee.
– Platform Usage Fees: No fees for using the trading platforms.
– Overnight Interest (Swap Rates): Applicable to accounts that are not swap-free, varying by instrument.
– Currency Conversion Fees: Charges may apply if trading in a different currency than the account base currency.
