HF Markets review 2023
HF Markets review Summary
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HF Markets is a popular choice for CFD traders thanks to its fast speeds and state of the art trading platforms. CFDs are contracts for difference, and a means of speculating on asset prices without owning the underlying asset itself. Keep reading this review to decide whether to sign up.
What can I do with HF Markets?
With HF Markets you can trade more than 50 currency pairs and CFDs on over 100 different assets, including popular stocks and commodities. The platform executes trades extremely quickly and offers commission-free trading.
Formed more than 10 years ago, HF Markets is an established broker platform that serves 2.5 million clients. Its reputation has been boosted by regular award wins and it’s a reputable platform that you can trust.
HF Markets markets, assets, and options
What assets and products can you trade on HF Markets?
HF Markets gives traders access to major forex pairs such as EUR/GBP and EUR/USD, top stocks such as Amazon and Facebook, and more than 100 CFD instruments overall.
| Product | Offering |
|---|---|
| Forex | 15 |
| Metals | 6 |
| Stocks | 56 |
| Indices | 22 |
| Commodities | 5 |
What leverage trading options are there?
HF Markets offers a variety of leveraged trading options with low margin requirements and negative balance protection.
Please keep in mind that trading with leverage increases risk and should only be done after you have gained at least some market experience.
| Product (CFDs) | Maximum leverage | Margin |
|---|---|---|
| Forex | 1:30 | 3.3% |
| Metals | 1:10 | 10% |
| Stocks | 1:5 | 20% |
| Indices | 1:20 | 5% |
| Commodities | 1:10 | 10% |
What are the spreads?
HF Markets’ spreads are in line with the rest of the industry and for some popular instruments are even lower.
| Product | Average spread | Fixed or variable? |
|---|---|---|
| Forex | 1.8 pips | Variable |
| Metals | 0.19 | Variable |
| Stocks | 0.55 | Variable |
| Indices | 1 | Variable |
| Commodities | 0.30 | Variable |
Fees, limits, and payment options on HF Markets
What are the deposit and withdrawal fees, limits, and speeds?
HF Markets offers a good range of payment options with no deposit or withdrawal fees, which makes it stand out favorably in comparison to others in the industry.
| Payment method | Deposit | Withdraw |
|---|---|---|
| Bank Transfer – min/max – fees – speed | Yes $250/Unlimited Free 2-3 business days | Yes $150/NA Depends on corresponding bank 2-10 business days |
| Debit/Credit card – min/max – fees – speed | Yes $50/$50,000 Free Up to 10 minutes | Yes $5/$50,000 Free 2-10 business days |
| Neteller – min/max – fees – speed | Yes $50/$10,000 Free Up to 10 minutes | Yes $5/$10,000 Free Instant |
| Skrill – min/max – fees – speed | Yes $50/$10,000 Free Up to 10 minutes | Yes $5/$10,000 Free Instant |
| TrustPay – min/max – fees – speed | Yes $50/$50 Free Up to 10 minutes | No |
How much are HF Market’s fees and commissions?
Instead of fixed trading commissions, HF Markets’ charges variable spreads on each trade. This is common practice among forex and CFD brokers.
| Fee type | Fee amount | Commission |
|---|---|---|
| Forex | None | 1.8 pip spread |
| Metals | None | 0.19 |
| Stocks | None | 0.55 |
| Indices | None | 1 |
| Commodities | None | 0.30 |
HF Markets trade sizes and limits
HF Markets offers low minimum trade sizes starting from 0.01 lots, all the way up to 60 lots per trade. Which is above average for the industry.
| Product | Minimum trade | Maximum trade |
|---|---|---|
| Forex | 0.01 lots | 60 lots |
| Metals | 0.01 lots | 60 lots |
| Stocks | 0.01 lots | 60 lots |
| Indices | 0.01 lots | 60 lots |
| Commodities | 0.01 lots | 60 lots |
HF Markets trading platform
What devices can I use HF Markets on?
HF Markets offers its own version of the popular MetaTrader 4 and 5 trading platforms, which are available in your web browser, for download onto your desktop as well as through a forex trading app.
- Web Browser
- PC Desktop
- Tablet
- iOS mobile devices
- Mac mobile devices
Can I use HF Markets in my country?
HF Markets is available globally in over 190 countries and territories, including the United Kingdom, Spain, Germany, and South Africa among many others. Select your country from the list below to see if it is available where you are.
Is HF Markets available in my language?
HF Markets currently supports 14 languages, including Spanish, Russian, French, and Greek. Select your language from the list below.
How easy is it to use HF Markets?
HF Markets is nothing if not convenient, with up to 4 account types from which to choose and multiple MetaTrader 4 and 5 trading terminals. So there are options depending on whether you would like to trade online, on your desktop, or from anywhere on your mobile device.
The free deposit and withdrawal are also welcome and you can execute trades directly in as little as one click with certain setups, taking ease of use to the utmost level.
Key features
HF Markets offers many advantages, here are a few of the main ones:
12 trading platforms
HF Markets offers multiple versions of the popular and powerful MetaTrader 4 and 5 trading platforms. These come with multiple built-in tools, charts, indicators, and even demo accounts.
4 account types
HF Markets offers an account type for traders of all risk appetites and trading volume. Whether it’s a Premium, Xero Spread, HFCopy, Premium Pro or Islamic account, you have the flexibility to trade how you want.
Exclusive analysis
Daily international market updates, special reports, outlooks, and actionable insights straight from the HF Markets team.
Security and regulation
Is HF Markets safe?
HF Markets offers several security features, from segregation of clients’ funds into bank accounts separate from those used by the company, adhering to risk management best practices insofar as identifying, assessing, and monitoring risk associated with its operations, and industry leading encryption on every trade.
Am I and my funds protected?
HF Markets provides market leading insurance with a Civil Liability insurance program up to a limit of €5,000,000, which includes coverage against errors, omissions, negligence, fraud and other risks that may lead to financial loss.
Is HF Markets regulated?
Yes, HF Markets and its subsidiaries are regulated by several top-tier financial authorities, including:
- Cyprus Securities and Exchange Commission (CySEC)
- United Kingdom Financial Conduct Authority (FCA)
- Dubai Financial Services Authority (DFSA)
- South African Financial Sector Conduct Authority (FSCA)
- Seychelles Financial Services Authority (FSA)
Do I have to verify my account with HF Markets?
Yes, as a regulated broker HF Markets adheres to the Know Your Customer (KYC) protocol and you will be asked to provide at least two pieces of valid ID, including a picture ID and a second piece showing your current residential address.
Extra information
Educational resources
HF Market’s Forex Education section is full of resources which actually help you improve your Forex trading strategy and experience.
The section contains trading webinars hosted by dedicated experts, more than 20 educational tutorial videos, and fundamental and technical analysis articles.
Tools and charting
HF Markets MetaTrader 4 and 5 platforms include more than 30 different technical indicators, multiple analytical objects, and even a strategy tester.
There are also multi-timeframe charts and various order types, making MT 4 and 5 two of the most powerful trading platforms currently available.
Customer support
HF Markets offers 24/5 live chat support on its website, free international, multi-lingual support lines, a contact form, and multiple support emails.
Our verdict
HF Markets is an award winning forex and commodities broker, providing trading facilities to both retail and institutional clients. It has a track record of service going back more than 10 years and more than 2.5 million live accounts opened.
Its various account types and widely used MetaTrader 4 and 5 trading platforms make it easy to get started trading, with the MT5 platform even providing one-click trading. Besides providing just about all the tools you need for a modern trading environment, its spreads are fair, and the liquidity is good.
The only wish is for HF Markets to increase the number of tradable instruments it has available and provide higher leverage options, as many other brokers of its standing offer. Short of this shortcoming, HF Markets makes a formidable trading service.
How to open an account with HF Markets
- Click on the green Live Account button in the header on the homepage
- Fill in your personal info – full name, country of residence, date of birth, email address
- Verify your email address by clicking on the confirmation link send to you
- Verify your identity by uploading the relevant documentation – photo ID, secondary ID with residential address
- Once approved, deposit funds and start trading!
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