Overall, HFM can be summarised as a trustworthy and highly regulated Forex Broker that offers advantageous trading terms and diverse trading offerings. HFM offers access to easy-to-use trading platforms and excellent customer support. HFM has a trust score of 85 out of 99.
| 📈 Order Execution | 4/5 |
| 💴 Commissions and Fees | 4/5 |
| 📉 Range of Markets | 4/5 |
| 📊 Variety of Markets | 4/5 |
| ⏱️ Withdrawal Speed | 4/5 |
| 🥰 Customer Support | 4/5 |
| 💻 Trading Platform | 4/5 |
| 🖍️ Education | 3/5 |
| 🗂️ Research | 4/5 |
| 📌 Regulation | 5/5 |
| 📲 Mobile Trading | 5/5 |
| 💯 Trust Score | 85% |
| 🚀Open Account | Open Account |
HFM Review – Analysis of Brokers’ Main Features
- ☑️ HFM Overview
- ☑️ HFM Detailed Summary
- ☑️ HFM Advantages Over Competitors
- ☑️ Who will Benefit from Trading with HFM?
- ☑️ HFM Safety and Security
- ☑️ HFM Bonus Offers and Promotions
- ☑️ HFM Affiliate Program Features
- ☑️ HFM Minimum Deposit
- ☑️ HFM Account Types and Features
- ☑️ HFM Base Account Currencies and Basic Order Types
- ☑️ How to Open and Close an HFM Account
- ☑️ HFM MAM / PAMM Features
- ☑️ Social Trading with HFM
- ☑️ HFM Trading Platforms
- ☑️ Which Markets Can You Trade with HFM?
- ☑️ HFM Fees, Spreads, and Commissions
- ☑️ HFM Deposits and Withdrawals
- ☑️ HFM Education and Research
- ☑️ HFM Customer Support
- ☑️ HFM VPS Review
- ☑️ HFM Cashback Rebates Features and Conditions
- ☑️ HFM Web Traffic Report
- ☑️ HFM’s Geographic Reach and Limitations
- ☑️ Best Countries by Traders
- ☑️ HFM vs XM vs Tickmill – A Comparison
- ☑️ HFM Alternatives
- ☑️ HFM Awards and Recognition
- ☑️ Our Experience with HFM
- ☑️ Recommendations according to our in-depth review of HFM
- ☑️ HFM Customer Reviews
- ☑️ Pros and Cons of Trading with HFM
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
HFM Overview
HFM is a distinguished CFD and forex broker based in Cyprus, boasting global office locations. Presently, HFM is a top choice for traders in Malaysia due to its advantageous trading terms, diverse trading offerings, and innovative solutions.
HFM takes pride in being a MetaTrader-affiliated broker, providing access to MetaTrader 4 and MetaTrader 5 platforms. The retail investor portfolios available at HFM cater to novice, seasoned, and expert traders seeking a competitive advantage in their trading endeavors.
Each retail trading portfolio at HFM is tailored with distinct features and trading terms to accommodate traders based on their individual trading preferences, expertise, and financial goals.
Over the last thirteen years, HFM has garnered more than 55 accolades in the forex sector and boasts over 2.5 million active accounts.
HFM employs over 200 professionals globally, offering support in over 27 languages, solidifying its reputation as a truly international brand.
HFM Detailed Summary
| 🔎 Broker | 🥇 HF Markets |
| 📈 Headquartered | Cyprus |
| 📉 Global Offices | Seychelles, South Africa, Dubai, UK, Kenya |
| 📊 Local Market Regulators in Malaysia | Securities Commission of Malaysia (SCM) |
| 📌 Foreign Direct Investment in Malaysia | 15.11 billion USD (2022) |
| 📍 Foreign Exchange Reserves in Malaysia | 103.4 billion USD (July 2025) |
| 🔢 Governor of SEC in Malaysia | Shaik Abdul Rasheed Abdul Ghaffour is the Governor of the Central Bank of Malaysia |
| 🤝 Accepts Malaysia Traders | ✅Yes |
| ▶️ Year Founded | 2010 |
| 🏦 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💱 Tier-1 Licenses | Financial Conduct Authority (FCA) |
| 📉 Regional Restrictions | The United States, Canada, Sudan, North Korea, and Syria |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏰ Non-expiring Demo | ✅Yes |
| ⏱️ Demo Duration | Unlimited |
| 4️⃣ Retail Investor Accounts | 4 |
| 📌 PAMM Accounts | ✅Yes |
| 💧 Liquidity Providers | Barclays UK, BNP Paribas, and others |
| 🤝 Affiliate Program | ✅Yes |
| 💻 Order Execution | Market |
| 🫰🏻 One-Click Trading | ✅Yes |
| 💹 Scalping | ✅Yes |
| 📊 Hedging | ✅Yes |
| ↪️ Expert Advisors | ✅Yes |
| 📰 News Trading | ✅Yes |
| 📈 Trading API | ✅Yes |
| 📉 Starting spread | 0.0 pips |
| 📊 Minimum Commission per Trade | From $6 per round turn on Forex |
| 🖇️ Decimal Pricing | 5th decimal pricing after the comma |
| ▶️ Margin Call | Between 40% to 50% |
| ⛔ Stop-Out | Between 10% and 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 60 lots |
| 🪙 Crypto trading offered | ✅Yes |
| 📌 Maximum Leverage | 1:2000 |
| 💷 Minimum Deposit (MYR) | 25 MYR ($%) |
| 💶 Deposit Currencies | USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. |
| 💵 MYR Deposits Allowed | ✅Yes |
| 💴 Account Base Currency | EUR, USD, NGN, ZAR |
| 👥 Active Malaysia Trader Stats | 4 million+ |
| 👤 Active Malaysian-based HFM customers | Unknown |
| 💱 Malaysia Daily Forex Turnover | 15 billion USD (Average for August 2025) |
| ⏰ Minimum Withdrawal Time | 10 Minutes |
| ⏱️ Maximum Estimated Withdrawal Time | 10 business days |
| ⏲️ Observe DST Change | ✅Yes |
| ⌚ DST Change Time zone | Eastern European Time (EET) |
| ▶️ Languages supported on the Website | English, Portuguese, Spanish |
| ⏩ Customer Support Languages | Multilingual |
| ➕ Copy Trading Support | ✅Yes |
| 🕰️ Customer Service Hours | 24/5 |
| 🎁 Bonuses and Promotions for Malaysia Traders | ✅Yes |
| 🖍️ Education for Malaysian beginners | ✅Yes |
| 💻 Proprietary trading software | ✅Yes |
| 😎 Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
| ❤️ Is HFM a safe broker for Malaysian Traders | ✅Yes |
| 🔟 Rating for HFM Malaysia | 9/10 |
| 💯 Trust score for HFM Malaysia | 85% |
HFM Advantages Over Competitors
HFM has the following advantages over competitors:
- ✅ HFM provides traders with unique solutions that may not be available with other brokers.
- ✅ HFM has a global presence, with its headquarters in Cyprus and offices worldwide, which can be advantageous for traders looking for international market insights.
- ✅ HFM offers diverse trading services to meet various trading needs and preferences.
- ✅ HFM’s retail investor accounts are designed to cater to all types of traders, from beginners to professionals, ensuring that each trader finds a trading environment that suits them.
- ✅ HFM has won over 55 forex industry awards in the last decade, demonstrating its excellence and industry recognition.
- ✅ With over 2.5 million live accounts registered, HFM has a large trading community that can be useful for networking and learning from other traders.
- ✅ HFM provides favorable trading terms, making it a top choice for Malaysian traders compared to other brokers.
- ✅ HFM provides support in over 27 languages, ensuring traders from various linguistic backgrounds can communicate effectively and receive the required assistance.
- ✅ HFM was founded in 2010 and has over a decade of experience in the forex industry, making it a reliable and well-established broker.
- ✅ HFM provides access to MetaTrader 4 and MetaTrader 5, the industry’s most popular and advanced trading platforms.
and many, MANY more!
Who will Benefit from Trading with HFM?
- ✅ HFM’s low minimum deposit requirement and spreads starting at 0 pips make it an appealing option for traders who are just getting started or are wary of making large initial investments.
- ✅ Traders interested in copy trading will benefit from HFM’s proprietary HFCopy platform. Furthermore, the broker provides a diverse range of over 1,000 CFDs and 47 forex pairs, providing ample opportunities for diversification.
- ✅ Traders who want to earn extra money without actively trading can take advantage of HFM’s affiliate programs. This is ideal for those who have a trading network or audience.
- ✅ Those looking for a broker with competitive trading conditions, such as low spreads, will find HFM appealing. Many prefer this broker because of its reputation for dependable services and favorable trading conditions.
- ✅ HFM caters to traders who are interested in a variety of trading instruments. HFM provides a comprehensive portfolio for diverse trading needs, ranging from CFDs on Forex, Cryptocurrencies, and spot metals to energies, commodities, indices, bonds, and popular stocks.
- ✅ HFM will appeal to traders who value having access to various trading platforms. The broker provides popular platforms such as MT4 and MT5 and their own HF Copy platform.
- ✅ HFM’s offerings will benefit those who rely on advanced trader tools for analysis and decision-making. The broker offers an analysis board, VPS hosting, and the Autochartist tool, which can significantly help traders improve their trading strategies.
- ✅ Traders who prefer having various account types to suit their trading style and capital will appreciate HFM’s account options.
- ✅ Those looking for more than just traditional trading and seeking investment options will find that HFM’s offerings align with their objectives.
How does HFM’s regulatory compliance stand out?
HFM is regulated by multiple top-tier authorities, demonstrating its dedication to higher compliance standards than some competitors.
How does HFM’s customer support quality compare to others?
HFM’s customer support is renowned for its responsiveness and expertise, often rated higher than many industry counterparts.
HFM Safety and Security
HFM Regulation in Malaysia
HFM is not currently regulated by the Securities Commission of Malaysia (SCM). However, HFM global regulations are listed in the table below:
| 🔎 Registered Entity | 🌎 Country of Registration | 📌 Registration Number | 📍 Regulatory Entity | 📈 Tier | 📉 License Number/Ref |
| 1️⃣ HF Markets SA (PTY) Ltd | South Africa | 2015/341406/07 | FSCA | 2 | FSP 46632 |
| 2️⃣ HF Markets (Europe) Ltd | Cyprus | HE 277582 | CySEC | 2 | 183/12 |
| 3️⃣ HF Markets (Seychelles) Ltd | Seychelles | 8419176-1 | FSA | 3 | SD015 |
| 4️⃣ HF Markets Ltd | Mauritius | 094286/GBL | FSC | 3 | 094286/GBL |
| 5️⃣ HF Markets (DICF) Ltd | Dubai | - | DFSA | 2 | F004885 |
| 6️⃣ HF Markets (UK) Ltd | United Kingdom | 11118651 | FCA | 1 | 801701 |
| 7️⃣ HFM Investments Limited | Kenya | - | CMA | 2 | 155 |
HFM Protection of Client Funds
| 🔎 Security Measure | 📌 Information |
| 🔏 Segregated Accounts | ✅Yes |
| 🔐 Compensation Fund Member | ✅Yes |
| 🔓 Compensation Amount | 5 million EUR |
| 🗝️ SSL Certificate | ✅Yes |
| 🔑 2FA (Where Applicable) | ✅Yes |
| 🔒 Privacy Policy in Place | ✅Yes |
| 🔏 Risk Warning Provided | ✅Yes |
| 🔐 Negative Balance Protection | ✅Yes |
| 🔓 Guaranteed Stop-Loss Orders | None |
HFM Security while Trading
- ✅ HFM uses a 100% Straight Through Processing (STP) model, which ensures immediate and transparent order execution without the need for dealing desk intervention.
- ✅ HFM distinguishes itself with attractive spreads and commissions that maximize traders’ profit potential.
- ✅ HFM provides negative balance protection, which ensures that traders’ losses do not exceed their account balance, even during market volatility.
- ✅ HFM’s comprehensive trader’s insurance program offers additional financial protection against unanticipated broker-related risks.
- ✅ HFM provides a variety of user-friendly trading platforms, including MT4, MT5, and HF Copy, each with advanced tools for making informed trading decisions.
- ✅ HFM is rigorously supervised by prestigious financial regulators such as CySEC, FCA, and others, demonstrating its commitment to the highest financial standards.
- ✅ HFM ensures that client funds are kept separate from the broker’s operational funds, providing an extra layer of financial security.
Pros and Cons Regulation and Safety of Funds
| ✅ Pros | ❎ Cons |
| HFM is regulated in several regions globally | HFM is not locally regulated in Malaysia |
What measures does HFM take to ensure account security?
HFM protects user accounts with advanced encryption technologies, two-factor authentication, and other security protocols.
How does HFM handle personal data and privacy?
HFM adheres to stringent data protection policies, ensuring that personal data remains private and is not disclosed without consent.
HFM Bonus Offers and Promotions
HFM offers Malaysian traders the following bonuses and promotions:
- ✅ Customers can increase their trading potential with a 20% bonus on every account transfer up to 114 million MYR through HFM’s Deposit Top-Up Bonus. This enticing bonus is available to all customers, and profits can be withdrawn without restriction.
- ✅ Malaysian traders can participate in the Virtual to Real Demo Contest, where players compete for cash prizes on demo accounts. This competition offers participants a risk-free opportunity to hone their trading skills and potentially win cash prizes.
- ✅ HFM recognizes outstanding trading performance with a $1,000 cash prize and a monthly award. The trader with the highest profit is also inducted into the HFM Hall of Fame. In addition, the top ten traders are acknowledged on the HFM Traders Awards page.
- ✅ Malaysian traders can participate in the HFM Gadget Giveaway by connecting with H on social media. By staying up-to-date on HFM’s platforms, participants can enter periodic giveaways for coveted devices such as the PlayStation 5, iPhone 14 Pro Max, GoPro Hero 11, and more.
- ✅ HFM’s Trading Rewards Loyalty Program allows traders to earn HFM Bars based on their trading activity. As traders accumulate these Bars, they advance through tiers of rewards, including Red, Silver, Gold, and Platinum. Clients can exchange Accumulated Bars for cash or trading services, providing additional value and benefits.
- ✅ HFM offers branded merchandise to valued traders and partners as a token of appreciation for their loyalty and support. The complimentary items include a black cap, notepad, T-shirt, pen, keychain, and stress ball.
Does HFM offer loyalty or referral bonuses?
Yes, HFM has a reputation for providing loyalty programs and referral bonuses. Visit their promotions page for the latest information.
How do I claim a bonus offer from HFM?
Frequently, bonuses can be claimed via the myHF portal or by contacting HFM’s customer support.
HFM Affiliate Program Features
Affiliate Program of HFM is a partnership program with competitive commissions, marketing tools, and unmatched support. The program includes the features listed below:
- ✅ Each affiliate is assigned a personal account manager who provides professional and timely support.
- ✅ The program includes an auto-rebate system that enables affiliates to earn a set amount per lot traded by sub-affiliate clients on forex and gold.
- ✅ Affiliates can track their performance, commissions, and other metrics through the advanced partner portal of the program.
- ✅ HFM Affiliates offer revenue sharing of at least 60% for referred direct clients and a commission for the sub-affiliate program.
- ✅ The program offers a multi-tier tracking system only available to affiliates.
- ✅ HFM Affiliates offers a rebate and commission program that is adaptable to the needs of the affiliate.
- ✅ Affiliates can rely on the dependable daily payment schedule provided by HFM Affiliates.
- ✅ Affiliates can earn an unlimited quantity of commissions.
HFM Affiliates provides affiliates with creative marketing tools and promotional materials to assist them in promoting the program.
How to open an Affiliate Account with HFM
To register an Affiliate Account, Malaysian traders can follow these steps:
- ✅ Visit the HFM Affiliates website.
- ✅ Click the “Become a Partner Immediately” link.
- ✅ Fill out the application form provided.
- ✅ Complete the application form.
- ✅ Within thirty-six hours, a dedicated Partner manager will contact you to introduce you to the Partner Program and approve your Partner account.
Concurrently, your unique Partner link and access to your personalized Partner Room will be provided.
Are there any fees associated with opening an affiliate account?
No, becoming an affiliate requires no fees, but you should review HFM’s affiliate terms for clarification.
Can I have multiple affiliate accounts with HFM?
No, HFM’s affiliate terms typically permit one account per person or organization, but it is recommended to contact their customer service with any specific questions.
Are there any minimum referral requirements for HFM affiliates?
Although there are no strict minimums, affiliates are encouraged to promote HFM actively to increase their earnings.
Are there any restrictions on the promotional methods used by affiliates?
Affiliates must adhere to ethical marketing practices and avoid deceptive or spammy techniques.
HFM Minimum Deposit
| 🔎 Live Account | 💶 Minimum Dep. |
| 🥇 Cent | 0 MYR / $0 |
| 🥈 Premium | 0 MYR / $0 |
| 🥉 Zero | 0 MYR / $0 |
| 🏆 Pro | 470 MYR / $100 |
Are there any promotions or bonuses related to initial deposits?
From time to time, HFM introduces deposit-based promotions that provide additional value to new and existing traders.
Can the minimum deposit be made in different currencies?
Yes, HFM accepts deposits in multiple major currencies, allowing international traders flexibility.
HFM Account Types and Features
| 🔎 Live Account | 💴 Minimum Dep. | 📈 Average Spread | 💵 Commissions | 💶 Average Trading Cost |
| 🥇 Cent | $0 | 1.2 pips | None | 12 USD (Cents) |
| 🥈 Premium | $0 | 1.2 pips | None | 12 USD |
| 🥉 Zero | $0 | 0.0 pips | 6 USD | 6 USD |
| 🏆 Pro | $100 | 0.5 pips | None | 5 USD |
HFM Cent Account
HFM’s Cent account offers a unique trading option, including swap-free and cent lots. With cent lots equivalent to 0.01 of a Standard lot or 1,000 units, traders can accurately determine their position sizes.
One remarkable feature of the Cent account is its incredibly low margin requirements, starting from as little as $0.10. This makes it an excellent choice for novice traders who want to transition from demo accounts to live trading while minimizing financial risks.
Novice traders can take advantage of Cent accounts by testing their trading skills in a real market environment without jeopardizing large amounts of capital.
Moreover, experienced traders can use these accounts to explore new instruments and refine strategies with reduced exposure, thanks to allocating fewer funds to such endeavors.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit | 0 MYR ($0) |
| 📈 Spreads | 1.2 pips EUR/USD |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
| 📉 Trading Instruments | 50+ Forex Pairs and Gold |
| 📊 Execution | Market Execution |
| 📌 Maximum Leverage Ratio | 1:2000 |
| 📍 Minimum Trade Size | 0.01 lot |
| 💹 Maximum Trade Size | 7 Standard Lots (100,000 base currency) |
| ▶️ Maximum Open Orders | 150 lots (Simultaneous) |
| ⏩ Margin Call (%) | 40% |
| ⛔ Stop-Out (%) | 10% |
| 🪙 Account Base Currency | USD, ZAR, NGN |
| 👤 Personal Account Manager | ✅Yes |
| 💳 Commission Charges | None |
| 🎁 Bonuses Offered | Flexible bonus offering |
HFM Premium Account
HFM’s Premium account is tailored for retail traders seeking swap-free trading choices, narrower spreads, zero initial deposit stipulations, and transactions without commissions.
This particular account offers smooth market entry via renowned platforms such as MT4, MT5, WebTrader, or the HFM Application, ensuring a streamlined and user-friendly trading journey for retail participants.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit | 0 MYR ($0) |
| 📈 Spreads | From 1.2 pips EUR/USD |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
| 📊 Trading Instruments | All |
| 💹 Execution | Market |
| ▶️ Maximum Leverage Ratio | 1:2000 |
| ⏩ Minimum Trade Size | 0.01 lots |
| 🖇️ Maximum Trade Size | 60 lots |
| 🔢 Maximum Open Orders | 500 |
| 📌 Margin Call (%) | 50% |
| 📍 Stop-Out (%) | 20% |
| 🪙 Account Base Currency | Depends on the region |
| 👤 Personal Account Manager | ✅Yes |
| 💷 Commission Charges | None |
| 🎁 Bonuses Offered | None |
| ❤️ Personalized Services | None |
| ☪️ Swap Free Available | ✅Yes |
HFM Zero Account
The HFM Zero Account is designed to meet the trading needs of all traders by offering accessibility, affordability, and swap-free capabilities. Its impressive features include no minimum deposit requirement and leverage options up to 1:2000.
One notable feature is the availability of RAW, Super-Tight Spreads obtained from top liquidity providers. These spreads are transparently presented without hidden markups, ensuring fairness and competitiveness in the trading environment.
Moreover, traders can take advantage of low commissions starting at $0.03 per 1k lot, which adds to the overall cost-effectiveness offered by this account.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit | 0 MYR ($0) |
| 📈 Spreads | From 0.0 pips EUR/USD |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
| 📊 Trading Instruments | All |
| 💹 Execution | Market |
| ▶️ Maximum Leverage Ratio | 1:2000 |
| ⏩ Minimum Trade Size | 0.01 lots |
| 📌 Maximum Trade Size | 60 lots |
| 📍 Maximum Open Orders | 500 |
| 🔢 Margin Call (%) | 50% |
| ⛔ Stop-Out (%) | 20% |
| 💵 Account Base Currency | Depends on the region |
| 👤 Personal Account Manager | ✅Yes |
| 💶 Commission Charges | From $6 per round turn on Forex |
| 🎁 Bonuses Offered | None |
| ❤️ Personalized Services | ✅Yes |
| ☪️ Swap Free Available | ✅Yes |
HFM Pro Account
Traders with expertise seeking to elevate their trading skills can reap advantages from the HFM Pro Account. This specialized account provides exclusive perks like remarkably low spreads, a leverage of up to 1:2000, and doesn’t involve any commission charges.
These exceptional features enhance the overall trading encounter by enabling experienced traders to flourish in showcasing their complete potential and refining their strategies.
Furthermore, the Pro Account offers swap-free options, adding even more adaptability and convenience for traders who wish to maximize profits without worrying about swap fees.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit | 470 MYR ($100) |
| 📈 Spreads | From 0.05 pips EUR/USD |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5, HF App |
| 📊 Trading Instruments | All |
| 💹 Execution | Market |
| 📌 Maximum Leverage Ratio | 1:2000 |
| 📍 Minimum Trade Size | 0.01 lots |
| ▶️ Maximum Trade Size | 60 lots |
| ⏩ Maximum Open Orders | 500 |
| ↪️ Margin Call (%) | 50% |
| ⛔ Stop-Out (%) | 20% |
| 🪙 Account Base Currency | Depends on the region |
| 👤 Personal Account Manager | ✅Yes |
| 💶 Commission Charges | None |
| 🎁 Bonuses Offered | None |
| ❤️ Personalized Services | ✅Yes |
| ☪️ Swap Free Available | ✅Yes |
HFM Demo Account
The HFM Practice Account offers a detailed emulation of authentic trading scenarios, mirroring real-market conditions.
HFM’s consistent effort to align the Practice and Live trading experiences showcases the broker’s commitment to integrity, clarity, and transparency. This approach guarantees a seamless shift for traders when they activate a Live Account and embark on actual trading.
By engaging with the HFM Practice Account, traders can acquire essential trading insights and step into the market confidently, availing the following advantages:
- ✅ The Practice Account provides unlimited training time, allowing Malaysian traders to refine their trading techniques.
- ✅ Malaysian traders can initiate their trading exploration with a generous virtual starting balance of up to $100,000 in the Practice Account.
- ✅ This account allows Malaysian traders to test various trading tactics and approaches without jeopardizing their actual capital.
- ✅ Malaysian traders can access top-tier platforms like MT4 and MT5 Terminals, along with WebTrader, ensuring adaptability and ease.
Finally, Malaysian traders can delve into trading in a simulated setting that mirrors real-market movements.
HFM Islamic Account
HFM provides the option of a Swap-Free Islamic Account, showcasing the broker’s commitment to catering to its varied clientele.
Malaysian traders interested in this account should establish a standard HFM account and subsequently reach out to HFM’s customer support to transition to the Swap-Free Islamic Account.
Furthermore, this approach allows Muslim traders to trade aligned with their religious convictions.
HFM’s introduction of the Islamic Account underscores its dedication to creating a trading space that welcomes traders from different backgrounds, ensuring they can trade without conflicting with their faith.
Crucially, by being swap-free, the account aligns with Sharia laws, eliminating interest-driven transactions and highlighting HFM’s focus on honoring the diverse beliefs of its clients.
Pros and Cons HFM Account Types and Features
| ✅ Pros | ❎ Cons |
| The HFM Cent Account offers a low-risk entry into live markets to beginners | There is no MYR-denominated account for Malaysians |
Do all account types offer the same leverage?
Not always. Leverage ratios can vary across HFM account types, allowing traders to select according to their risk tolerance.
Can I switch between account types?
Yes, traders can request a switch of accounts, subject to HFM’s approval and terms.
HFM Base Account Currencies and Basic Order Types
HFM Base Account Currencies
The base account currencies available to Malaysians include the following:
- ✅ USD
- ✅ NGN
- ✅ ZAR
HFM Basic Order Types
- ✅ A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅ A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
How to Open and Close an HFM Account
How to open an HFM Account
To open an account with HFM, Malaysians can follow these steps:
- ✅ Go to the HFM website and click the “Open Account” button.
- ✅ Select the account type that best meets your trading needs. HFM has several account types, including Micro, Premium, Zero Spread, and Pro accounts.
- ✅ Fill in your personal information on the registration form, such as your name, email address, and phone number.
- ✅ HFM will send you instructions on verifying your email address and phone number.
- ✅ Upload the required documents to prove your identity and address. A copy of your passport or national ID card and a recent utility bill may be required.
- ✅ Fund your account with the minimum deposit required for your chosen account type. The minimum deposit differs depending on the account type, ranging from $5 for the Micro account to $100 for the Pro account.
Begin trading! After funding your account, you can access the trading platform and begin trading in the financial markets.
How long does the verification process take?
HFM’s verification is typically completed within a few business days following the submission of documents.
Are there any registration fees?
No, HFM does not charge registration fees, ensuring a cost-free onboarding experience.
How to Close an HFM Account
To close a live trading account with HFM, Malaysian traders can follow these steps:
- ✅ Log in to your HFM account using your username and password.
- ✅ Click on the “Settings” tab in the top right corner.
- ✅ Select “Close Account” from the drop-down menu.
- ✅ Follow the instructions provided to close your account.
- ✅ Before closing your account, close any open positions you may have.
Once your account is closed, you can withdraw any remaining funds.
Can I reopen my account after closing it?
Yes, if you wish to trade with HFM again, you can reactivate your account or create a new one.
Are there any conditions under which HFM might close my account?
HFM reserves the right to terminate accounts for prolonged inactivity, regulatory reasons, or violations of their terms of service.
HFM MAM / PAMM Features
HFM only offers PAMM accounts to money managers who maintain a live trading account with HF Markets (SV) Ltd. These accounts permit investors to delegate trading authority to seasoned PAMM Fund Managers.
Managers receive a fixed “Success Fee” proportional to investor returns. On the MT4 platform, money managers can also open Premium or Premium Plus HFM PAMM accounts. Malaysian traders can anticipate the following characteristics:
- ✅ Spreads for the Premium account begin at 1.1 pips, while spreads for the Premium Plus account begin at 0.3.
- ✅ The Premium account does not incur trading fees, whereas the Premium Plus account is charged $5.00 per 100,000 USD traded.
- ✅ Both PAMM packages permit investments in Forex, oil, metals, and indices, with a maximum leverage ratio of 300:1.
How is security ensured in MAM/PAMM accounts?
Investors retain control over their funds, and money managers may only invest in the pooled account and not withdraw funds.
Can I become a money manager with HFM’s MAM/PAMM program?
Yes, traders with experience may apply to become money managers, pending HFM’s review and approval.
Social Trading with HFM
HFCopy is a social trading feature HFM offers that enables traders to interact, share insights, and copy trades. Copy Premium and Copy Cent accounts are available to followers and strategy providers who are members of HFCopy Trading.
By copying trades from multiple strategy providers, followers can diversify their portfolios. In contrast, strategy providers can earn a commission based on the number of followers and the success of their trades.
HFCopy is a potent trading tool that enables traders to collaborate and attempt to dominate the markets as allies. It connects traders regardless of their geographical location or trading experience. HFCopy is secure, effective, and transparent.
The minimum deposit required for HFM’s HFCopy is 300 EUR. Individuals and institutions can trade Forex, Indices, and Commodities using a variety of accounts, trading software, and trading tools offered by the platform.
HFCopy, the copy trading platform HFM offers, allows traders to learn from one another and diversify their portfolios. The platform is user-friendly and provides various features, making it accessible to traders of all experience levels.
HFCopy by HFM is a potent tool that can assist traders in improving their trading skills and achieving their financial objectives.
HFM’s HFCopy includes the following features that Malaysian traders can anticipate:
- ✅ Copying trades from multiple strategy providers
- ✅ Commissions are based on the number of followers and the success of trades.
- ✅ A minimum deposit of 300 EUR is required.
- ✅ Individuals and institutions can trade Forex, Indices, and Commodities using a variety of accounts, trading software, and trading tools.
Can I simultaneously follow multiple traders?
Yes, traders can diversify their portfolios by following the strategies of multiple experienced traders.
How does HFM ensure the credibility of traders on the social trading platform?
HFM provides detailed performance metrics and trader history, enabling followers to make informed decisions.
HFM Trading Platforms
HFM offers Malaysian traders a choice between these trading platforms:
- ✅ MetaTrader 4 and 5
- ✅ HFM App
HFM MetaTrader 4 and 5
MetaTrader 4 and 5, or MT4 and MT5 for short, are robust trading platforms that provide access to the financial markets for traders.
These platforms provide many features, including chart customization options, diverse views, adjustable trading settings, and the ability to place orders based on desired quantities, such as amounts, lots, or units.
In addition, MT4 and MT5 include an economic calendar designed to inform traders of upcoming market events quickly.
HFM App
The HFM App is an intuitive trading portal with access to MT4 and MT5 platforms. Traders can easily customize chart types, views, and trading preferences owing to the interface’s streamlined design and intuitive nature. Orders can be placed per desired quantities, lots, or units.
In addition, the app facilitates quick transfers of funds, withdrawals, and deposits. A feature informing traders of upcoming events that may affect their trades is also advantageous.
In addition, the HFM App provides educational resources such as webinars suited to traders of varying skill levels. In addition, it provides news about the instruments chosen by users.
Pros and Cons HFM Trading Platforms
| ✅ Pros | ❎ Cons |
| HFM’s app allows Malaysians to manage positions and their funds | There are limited third-party platforms that can help traders improve and refine their trading |
| Several devices support MetaTrader 4 and 5 across computers and mobile devices | The proprietary HFM platform is limited to mobile devices |
How do I customize the interface of HFM’s trading platform?
HFM’s platforms include user-friendly customization options, allowing traders to personalize the interface.
Can I access multiple accounts simultaneously on HFM’s platform?
Yes, HFM’s platforms support multi-account management and facilitate seamless account switching.
Which Markets Can You Trade with HFM?
Malaysian traders can expect the following range of markets from HFM:
- ✅ Precious Metals
- ✅ Energies
- ✅ Spot Indices
- ✅ Futures Indices
- ✅ Individual Stocks and Stock CFDs
- ✅ Commodities
- ✅ Cryptocurrencies
- ✅ Bonds
- ✅ DMA Stocks
- ✅ ETFs
Financial Instruments and Leverage offered by HFM
| 🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
| 📈 Forex | 53 | 1:2000 |
| 📉 ETFs | 34 | 1:5 |
| 📊 Stocks DMA | 864 | 1:5 |
| 💹 Indices | 24 | 1:200 |
| 📌 CFD Stocks | 111 | 1:14 |
| 🪙 Cryptocurrency | 40 | 1:50 |
| 💡 Energies | 4 | 1:66 |
| 📍 Bonds | 3 | 1:50 |
| 🍎 Agricultural Commodities | 5 | 1:66 |
Broker Comparison for a Range of Markets
| 🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Tickmill |
| 📈 Forex | ✅Yes | ✅Yes | ✅Yes |
| 💡 Precious Metals | ✅Yes | ✅Yes | ✅Yes |
| 📉 ETFs | None | None | None |
| 📊 CFDs | ✅Yes | ✅Yes | ✅Yes |
| 📌 Indices | ✅Yes | ✅Yes | ✅Yes |
| 📍 Stocks | ✅Yes | ✅Yes | ✅Yes |
| 🪙 Cryptocurrency | ✅Yes | ✅Yes | ✅Yes |
| 💹 Options | None | None | None |
| 💡 Energies | ✅Yes | ✅Yes | ✅Yes |
| 🖇️ Bonds | ✅Yes | None | ✅Yes |
Pros and Cons HFM Range of Markets
| ✅ Pros | ❎ Cons |
| HFM offers a variety of CFDs that can be traded across markets | HFM’s non-CFD product portfolio is limited |
| There are DMA stocks that can be traded | Traders can lose their entire investment when they use high leverage |
Can I engage in stock trading with HFM?
Yes, HFM offers CFDs on popular global stocks, allowing investors to speculate on price fluctuations.
Are there any leverage limits for trading different markets with HFM?
Yes, leverage varies depending on the instrument and regulatory setting. Checking HFM’s terms for specific leverage details is essential.
HFM Fees, Spreads, and Commissions
HFM Spreads
HFM offers four account types with varying spreads: Micro, Premium, Zero Spread, and Pro Accounts. Spreads offered by HFM are not fixed and vary based on account type, market conditions, and the traded financial instrument.
- ✅ Micro and Premium accounts have variable spreads beginning at 1.2.
- ✅ The Zero Spread account provides raw, ultra-tight spreads as low as 0 pips, with commissions beginning at $6 per traded lot.
- ✅ The Pro account has variable spreads beginning at 0.5 pips with commission-free trading.
Overall, spreads at HFM are typically low, but during periods of high volatility, they may widen, which could increase trading costs. Furthermore, Malaysian traders can expect the following average spreads based on the financial instruments offered by HFM:
| 🔎 Instrument | 📉 Average Spread |
| 0️⃣ EUR/USD | 1.2 pips |
| 1️⃣ NZD/USD | 2.1 pips |
| 2️⃣ XAG/USD | 0.03 pips |
| 3️⃣ XAU/USD | 0.26 pips |
| 4️⃣ US OIL Spot | 0.06 pips |
| 5️⃣ US OIL Futures | 0.11 pips |
| 6️⃣ US Tech 100 Spot | 2.03 pips |
| 7️⃣ US Tech 100 Futures | 3.13 pips |
| 8️⃣ Volatility Index SP 500 (VIX.F) | 0.14 pips |
| 9️⃣ APPLE (NASDAQ – APPLE) | 0.5 pips |
| 🔟 Commodities | From 0.008 (Copper) |
| #️⃣ BTC/USD | 12 pips |
| *️⃣ Bonds | From 0.05 pips to 0.06 pips |
HFM Commissions
Commissions are only applicable to the HFM Zero Account, as shown below:
Forex
| 🔎 Trade Size | 1,000 | 10,000 | 100,000 |
| ➡️ Per Side | $0.03 | $0.3 | $3 |
| ↪️ Round Turn | $0.06 | $0.6 | $6 |
Gold
| 🔎 Trade Size | 1 Ounce | 10 Ounces | 100 Ounces |
| ➡️ Per Side | $0.07 | $0.7 | $7 |
| ↪️ Round Turn | $0.14 | $1.4 | $14 |
HFM Overnight Fees, Rollovers, or Swaps
HFM sets overnight charges and swaps for various trading tools, influenced by market dynamics and rates from pricing sources. Here is an overview of the overnight charges tailored for Malaysian traders across different asset categories.
Stocks
- ✅ Swaps for individual stocks vary daily, reflecting market dynamics and rates from pricing sources.
- ✅ Positions experience these swaps, with a threefold swap specifically on Wednesdays.
Metals (XAU & XAG)
- ✅ Daily swap adjustments for XAU and XAG align with market shifts and rates from pricing sources.
- ✅ There is a triple swap charged on Wednesdays.
- ✅ XAU and XAG swaps are represented as 1 pip per lot.
Energy
- ✅ Energy-related swaps are revised daily, mirroring market trends and rates from pricing partners.
- ✅ A triple swap is applied on Wednesdays.
- ✅ Swaps for USOil and UKOil are denominated in US Dollars, a point for traders to consider.
Additional Tools (Indices, Bonds, DMA Stocks, ETFs, Cryptocurrencies)
- ✅ Daily swap rates for these tools are adjusted based on market situations and rates from pricing partners.
- ✅ All positions undergo these swaps, with a fourfold swap specifically on Fridays.
The following are some typical overnight fees that Malaysian traders can expect:
| 🔎 Instrument | ➡️ Swap Short | ↪️ Swap Long |
| EUR/USD | 0.0 pip | -6.9 pips |
| XAG/USD | 0.0 pips | -1.79pips |
| XAU/USD | 0.0 pips | -26.52 pips |
| US OIL Spot | -0.87 pips | -0.75 pips |
| US OIL Futures | -0.87 pips | 0.0 pips |
| US Tech 100 Spot | 0.92 pips | -3.87 pips |
| US Tech 100 Futures | 0.0 pips | 0.0 pips |
| Volatility Index SP 500 (VIX.F) | 0.0 pips | 0.0 pips |
| APPLE (NASDAQ – APPLE) | 1.32 pips | -8.82 pips |
| Copper | -0.53 pips | -1.58 pips |
| BTC/USD | -6000.0 pips | -6000.0 pips |
| Bonds | 0.0 pips | 0.0 pips |
| DMA Stocks NASDAQ | -2.93 pips | -4.57 pips |
| ETFs | 1.32 pips | -8.82 pips |
HFM Inactivity Fees
After 6 months, HFM charges a $5 inactivity fee on dormant accounts.
HFM Currency Conversion Fees
Malaysian traders who deposit or withdraw in MYR could face currency conversion fees.
Pros and Cons HFM Trading and Non-Trading Fees
| ✅ Pros | ❎ Cons |
| HFM offers commission-free trading on some accounts | HFM charges withdrawal fees when traders withdraw less than $100 |
| The more premium accounts can expect zero-pip spreads on major instruments such as EUR/USD | Currency conversion fees apply |
| HFM does not charge any deposit fees | HFM charges an inactivity fee on dormant accounts |
How does HFM structure its fee model?
HFM’s spreads are competitive, and some accounts may incur commissions. The precise fee structure depends on the type of account and instrument.
Does HFM charge a fee for account inactivity?
Yes, HFM charges a $5 inactivity fee after six months if there is no activity on a trading account.
HFM Deposits and Withdrawals
HFM offers Malaysian traders the following deposit and withdrawal methods:
- ✅ Bank Wire Transfer
- ✅ Electronic Transfer
- ✅ Credit Card
- ✅ Debit Card
and many more!
How to make a Deposit with HFM
To deposit funds to an account with HFM, Malaysian traders can follow these steps:
- ✅ To access your HFM account, access the myHF portal.
- ✅ Select the “Deposit” option in the upper-right corner of the interface.
- ✅ Choose your preferred deposit method from the provided options, which include bank transfers, card transactions, and digital wallets.
- ✅ Specify the amount you wish to deposit and proceed per the payment method’s instructions.
Once the deposit is verified, the amount will be reflected in your trading account.
How long do HFM Deposits take?
The time required for deposits to be reflected in a trading account can vary based on the selected payment method. For example, card transactions are typically processed within 10 minutes, whereas bank transfers may take up to 10 business days.
How soon are deposited funds available for trading?
While many deposit methods immediately reflect funds, some may take longer. Always check the processing time of the deposit method.
Can I use multiple payment methods for deposits?
Yes, HFM supports multiple payment methods, which traders can select according to their preferences.
How to Withdraw from HFM
To withdraw funds from an account with HFM, Malaysian traders can follow these steps:
- ✅ Through the myHF portal, you can access your HFM account.
- ✅ Select the “Withdraw” option at the top right of the page.
- ✅ Choose your preferred withdrawal method from the drop-down menu, which includes bank transfers, card transactions, and digital wallets.
- ✅ Enter the amount you want to withdraw and follow the payment method’s guidelines.
Once the withdrawal has been verified, the funds will be transferred to the specified account.
How long do HFM Withdrawals take?
Withdrawal requests submitted before 10 am server time are typically processed on the same business day between 7 am and 5 pm server time, according to HFM policy.
The withdrawal processing time is determined by the payment method. Credit/debit card transactions, bank transfers, and electronic transfers, for example, can take up to 10 days, whereas electronic gateways can be as fast as 10 minutes.
Are there any minimum or maximum withdrawal limits?
Yes, HFM establishes minimum and maximum withdrawal limits that vary by withdrawal method.
How are withdrawal amounts converted if I choose a different currency?
HFM will convert withdrawal amounts based on the current exchange rate; fees may apply.
HFM Deposit Currencies, Deposit and Withdrawal Processing Times
| 🔎 Payment Method | 🪙 Deposit Currencies | 📈 Deposit Processing | 📉 Withdrawal Processing | 💴 Max Deposit | 💵 Min Withdrawal |
| 💻 Bank Wire Transfer | Depends on region | 2 to 7 working days | 2 to 10 working days | Unlimited | 100 USD |
| 🖥️ Electronic Transfer | Depends on region | Up to 10 min | Up to 2 working days | 10,000 USD | 10 USD or 70 ZAR |
| 💳 Credit Card | Depends on region | Up to 10 min | 2 to 10 working days | 10,000 USD | 5 USD |
| 💶 Debit Card | Depends on region | Up to 10 min | 2 to 10 working days | 10,000 USD | 5 USD |
| ⏩ Skrill | Depends on region | Up to 10 min | Up to 10 Min | 10,000 USD | 5 USD |
Broker Comparison – Deposit and Withdrawals
| 🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Tickmill |
| ⏰ Minimum Withdrawal Time | 10 Minutes | 1 working day | 1 Business Day |
| ⏱️ Maximum Estimated Withdrawal Time | 10 business days | 5 working days | 2 to 7 Business Days |
| ⏲️ Instant Deposits and Instant Withdrawals | No | Yes, deposits | Instant Deposits |
Pros and Cons HFM Deposits and Withdrawals
| ✅ Pros | ❎ Cons |
| There are near-instant deposits offered | There are deposit and withdrawal limits |
| Traders can expect a low minimum deposit amount of $5, depending on the payment method | There are no instant deposits or withdrawals |
| Deposits are not charged any fees | Withdrawal fees could apply |
Can I set up recurring deposits with HFM?
Yes, you could. Although HFM primarily supports one-time deposits, traders can contact customer service to inquire about recurring deposit options.
How do I update my payment method with HFM?
Payment method changes can be made via the myHF portal or by contacting HFM’s support staff.
HFM Education and Research
Education
HFM offers the following Educational Materials to Malaysian traders:
- ✅ Educational Videos
- ✅ Training Course Videos
- ✅ Forex Education
- ✅ eCourses
- ✅ Live Webinars
- ✅ Events
and more!
HFM also offers Malaysian traders the following additional Research and Trading Tools:
- ✅ Advanced Insights
- ✅ Economic Calendar
- ✅ Traders’ Board
- ✅ HF App
- ✅ VPS Hosting Services
- ✅ Premium Trader Tools
- ✅ One-Click Trading
- ✅ Events
- ✅ AutoChartist Tools
- ✅ Trading Calculators
and more!
Research and Trading Tool Comparison
| 🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Tickmill |
| 📈 Economic Calendar | ✅Yes | ✅Yes | ✅Yes |
| 📉 VPS | ✅Yes | ✅Yes | ✅Yes |
| 📊 AutoChartist | ✅Yes | None | ✅Yes |
| 📌 Trading View | None | None | None |
| 📍 Trading Central | None | ✅Yes | None |
| 💹 Market Analysis | ✅Yes | ✅Yes | ✅Yes |
| 📰 News Feed | ✅Yes | ✅Yes | ✅Yes |
| 🥰 Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons HFM Education and Research
| ✅ Pros | ❎ Cons |
| HFM offers a proprietary app | The HF App is not as feature-rich |
| There is an unlimited demo account available | HFM offers a limited portfolio of educational material compared to other brokers |
Are there advanced courses available for seasoned traders on HFM?
Yes, HFM offers advanced courses and market analysis tools to help seasoned traders refine their strategies.
Does HFM offer webinars or live training sessions?
Yes, HFM offers periodic webinars and live training sessions on various trading-related topics.
HFM Customer Support
| 🔎 Customer Support | 🥇 HFM Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🥰 Support Languages | Multilingual |
| ❤️ Live Chat | ✅Yes |
| 💌 Email Address | [email protected] |
| ☎️ Telephonic Support | Yes, several regions have local telephonic support |
| 5️⃣ The overall quality of HFM Support | 4/5 |
Pros and Cons HFM Customer Support
| ✅ Pros | ❎ Cons |
| Customer support is prompt to respond | Customer support is not available 24/7 |
How do I report a technical issue or bug on HFM’s platform?
Traders with technical questions can contact HFM’s technical support team through the provided channels.
Can I provide feedback or suggestions to HFM?
Yes, HFM values customer feedback and provides channels for traders to share their ideas and insights.
HFM VPS Review
HFM is committed to delivering exceptional services and continuous innovations that enhance its clients’ trading experiences. To fulfill this commitment, HFM has partnered with Beeks Financial Cloud, a leading provider of high-quality VPS hosting solutions tailored to the needs of traders.
Due to Beeks Financial Cloud’s extensive presence in nine foreign data centers, this partnership ensures rapid response times and superior connectivity. The primary objective is to offer reliable VPS and infrastructure solutions for clients’ trading platforms while minimizing downtime.
Traders who meet certain deposit and trading requirements are eligible for HFM’s free VPS plans. Those who require additional resources and features can subscribe to $30 monthly paid plans.
Malaysian traders interested in becoming affiliates with HFM may register on the official website designated for HFM affiliate program participation. By doing so, they can enjoy a variety of advantages, including competitive commissions, access to marketing tools, and exceptional support from HFM’s team.
How does HFM’s VPS enhance trade execution speeds?
HFM’s VPS servers are located near major financial hubs, reducing latency and expediting trade execution.
How often does HFM back up the VPS system?
HFM typically performs routine backups to ensure data integrity and reduce the likelihood of data loss.
HFM Cashback Rebates Features and Conditions
Affiliates can earn more money by referring traders to HFM’s cashback rebates program. Affiliates who refer clients are eligible for a 60% revenue share based on the net spreads generated by their referred trader.
Furthermore, affiliates can earn up to $15 in cashback rebates for each lot their referred clients trade, providing them a significant opportunity to earn rewards through successful referrals.
In addition to the standard revenue-sharing commission structure, HFM has launched the RevShare+ affiliate initiative. Affiliates who promote RevShare+ can earn monthly bonuses and regular commissions based on specific performance metrics.
These incentives are linked to accomplishments such as acquiring new clients, trading volume, and cash flow generation. Monthly rewards range from $100 to $5,000 for meeting predetermined goals.
RevShare+ offers several advantages, including supplementing affiliate earnings with monthly bonuses, increasing revenue by driving new client acquisitions and trading activity, and gaining access to a comprehensive affiliate program beyond traditional commission models.
Cashback rebates and revenue sharing are not mutually exclusive, and traders can benefit from both programs.
Are the cashback rebates available for all account types?
While most account types may qualify, eligibility requirements and rebate rates may vary by account type.
Are there any trading volume requirements to qualify for rebates?
Yes, rebates are frequently proportional to trading volume, and traders must meet minimum requirements to qualify.
HFM Web Traffic Report
| 🌎 Global Rank | 27,071 |
| 📈 Country Rank | 6,517 |
| 📉 Category Rank | 84 |
| 📊 Total Visits | 2.2 million |
| 📌 Bounce Rate | 57.46% |
| 📍 Pages per Visit | 4.16 |
| ⏰ Average Duration of Visit | 00:04:46 |
HFM’s Geographic Reach and Limitations
HFM’s Current Expansion Focus
HFM is currently expanding globally across Asia, Africa, Europe, etc.
Countries not accepted by HFM
HFM does not accept clients from these countries:
- ✅ The United States
- ✅ Canada
- ✅ North Korea
- ✅ Syria
- ✅ Sudan
Popularity among Malaysian traders who choose HFM
HFM is among the best Asian brokers, ranking within the Top 15 for Malaysian traders.
Does HFM offer multilingual support?
Yes, HFM provides customer service in multiple languages, which reflects its global presence.
Does HFM have physical offices in multiple countries?
Yes, HFM has offices in various global locations to serve its diverse clientele.
Best Countries by Traders
| 🔎 Country | 📉 Market Share |
| 🥇 Japan | 61.43% |
| 🥈 Nigeria | 5.05% |
| 🥉 Indonesia | 3.45% |
| 🏅 Malaysia | 3% |
| 🎖️ Serbia | 2.03% |
HFM vs XM vs Tickmill – A Comparison
| 🔎 Broker | 🥇 HFM | 🥈 XM | 🥉 Tickmill |
| 💴 Withdrawal Fee | None | None | None |
| 🆓 Demo Account | ✅Yes | ✅Yes | ✅Yes |
| 💵 Min Deposit | 0 MYR | 25 MYR | 470 MYR |
| 📈 Leverage | 1:2000 | 1:1000 | 1:500 |
| 📉 Spread | 0.0 pips | 0.7 pips | Variable, from 0.0 pips |
| 📊 Commissions | $6 per round turn | $1 to $9 | $1 per side per 100,000 traded |
| 📍 Order Execution | Market | Market, Instant | Market |
| 🎁 No-Deposit Bonus | None | None | ✅Yes |
| 🪙 Cent Accounts | None | None | None |
| ➡️ Securities Commission of Malaysia (SCM)Regulation | None | None | None |
| 💶 MYR Deposits | None | None | None |
| 💷 MYR Account | None | None | None |
| ⏰ Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 5️⃣ Retail Investor Accounts | 4 | 4 | 3 |
| ☪️ Islamic Account | ✅Yes | ✅Yes | ✅Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 500 lots | 100 lots | 100 lots |
| ⏱️ Minimum Withdrawal Time | 10 Minutes | 1 working day | 1 Business Day |
| ⏲️ Maximum Estimated Withdrawal Time | 10 business days | 5 working days | 2 to 7 Business Days |
| ⌚ Instant Deposits and Instant Withdrawals | None | ✅Yes | ✅Yes |
HFM Alternatives
- 🥇 XTB is a forex and CFD broker that does not have a minimum deposit to open a trading account. However, the minimum first deposit into an XTB account must be at least £250, €250, or $250. XTB provides three types of trading accounts: Standard, Pro, and Islamic. The Standard account has a minimum spread of 0.35 pips, while the Pro account has a minimum spread of 0.28.
- 🥈 eToro is a social trading platform that allows traders to copy the trades of other successful traders. eToro has a minimum deposit of $200, which may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with a higher deposit. eToro provides two types of trading accounts: Standard and Professional. The Standard account has a minimum spread of 1 pip, while the Professional account has a minimum spread of 0.09 pips.
- 🥉 BDSwiss is a forex and CFD broker that offers a variety of educational resources, including webinars, video tutorials, and market analysis. BDSwiss provides five types of trading accounts: Cent, Classic, VIP, RAW, and Premium. The Classic account has a minimum spread of 1.5 pips, while the RAW account has a minimum spread of 0.3.
HFM Awards and Recognition
HFM received the following recent awards and recognition:
- ✅ Best Trading Accounts Globally in 2025, awarded by the World Business Outlook.
- ✅ Top 100 Companies in 2025, awarded by the World Finance Magazine.
- ✅ The Best Stock Broker in 2025, awarded during the FX Awards.
- ✅ Best Online Trading App in 2025, awarded by CFI.CO.
- ✅ Best Trading Platform Broker in 2025, awarded by FX Daily Info.
- ✅ Best Forex Broker Globally (2022), awarded during the European Awards.
and many more!
Our Experience with HFM
The time we have spent with HFM has been extremely educational. As we dug deeper into their services, we learned that many customers value the robustness and dependability of the platform.
From what we have seen, HFM has established a solid presence in the industry with the support of a sizable clientele of traders and investors. The wealth of resources and the intuitive interface made our work quick and painless.
We did find a few places where the platform could be enhanced, but these were minor compared to the widespread praise.
HFM Trading Platform
One of its strongest points is the HFM trading platform. Our research shows that this platform is great for traders of all skill levels because it is intuitive, has cutting-edge charting tools, and provides access to data in real time.
Thanks to the streamlined interface and reliable platform, users will have no trouble making trades. We also found that the platform is always being upgraded to include new features and tools, giving its users the best support possible.
Quality of Customer Service
HFM excels in customer service, which is essential for any trading platform. Our interactions with customer service have shown them to be quick to respond, informative, and eager to help.
We found that most users’ questions were answered quickly and that the service team went above and beyond to guarantee complete satisfaction.
In addition to live chat and email, users can reach out via phone for assistance, which is a nice touch. There were a few complaints about response times, but the overwhelmingly positive comments outnumbered these.
HFM Response Time
| 🔎 Support Channel | ⏰ Average Response Time | ⏱️ User-based Response Time |
| ☎️ Phone | 5 – 10 minutes | 5 minutes |
| 1 working day | Same-day | |
| 🥰 Live Chat | 5 minutes | Live chat is not working – an error kept saying that the session expired on the web and mobile browser |
| 📌 Social Media | 5 minutes | 2 – 5 minutes |
| 📍 Affiliate | 1 working day | Same-day |
Recommendations according to our in-depth review of HFM
- ✅ While HFM’s customer service is excellent, there is always room for improvement. Implementing 24-hour customer service, particularly for a global clientele, can ensure traders in different time zones receive timely assistance.
- ✅ Increasing the availability of educational resources such as webinars, tutorials, and e-books can benefit both novice and experienced traders by allowing them to make more informed decisions.
- ✅ While MT4 and MT5 are industry standards, adding other platforms or developing a proprietary platform can give traders more options and a more personalized trading experience.
- ✅ By improving the mobile trading experience with a more intuitive app, faster load times, and additional features, traders on the go can be catered to.
- ✅ More payment and withdrawal methods, particularly local options for different regions, can make the funding process more seamless for traders worldwide.
- ✅ Including more advanced analytical tools and charts can give traders a better understanding of market trends.
Finally, Regular workshops, seminars, or events can provide traders with networking opportunities and industry insights.
HFM Customer Reviews
🥇 Commendable.
I’ve been with HFM for three years. Their global presence and support in multiple languages are commendable. – Lee Chong Wei
🥈 Unique Offering!
HFM’s platform is intuitive and easy to navigate. I also appreciate their unique solutions for traders. – Aisha Binti Aziz
🥉 User Friendly.
I’ve been trading with HFM for over a year now. Their platform is user-friendly, especially for beginners like me. However, I’ve faced several withdrawal delays, which were eventually resolved. – Ahmad Bin Osman
Pros and Cons of Trading with HFM
| ✅ Pros | ❎ Cons |
| HFM has been operating for over 13 years, making it a reputable market player | There is a limited non-CFD offer |
| HFM offers four flexible account types | There are limited deposit and withdrawal methods |
| There is a Cent Account with a $0 minimum deposit | HFM’s negative balance protection is not available globally |
| Traders can register an unlimited demo account | High leverage could still lead to significant loss |
| There is leverage up to 1:2000 available | There is no MYR-denominated account |
In Conclusion
We have reached a comprehensive conclusion after an in-depth examination of HFM’s offerings, tools, and services, as well as feedback from various users and our own experiences.
HFM has unquestionably established itself as a credible and trustworthy trading platform in the financial market. Their dedication to technological advancements, user-friendly interface, and diverse trading instruments are admirable.
Furthermore, the platform’s commitment to adhering to regulatory standards and protecting client funds speaks volumes about its integrity.
However, no platform is without its difficulties. While most user feedback was positive, there were isolated instances of concern, primarily regarding customer service response times. It’s worth noting that these were few and far between, and the overall mood remains positive.
HFM, in our opinion, has successfully balanced its offerings to cater to novice and seasoned traders, ensuring a smooth trading experience. Their ongoing efforts to evolve and adapt to changing market dynamics are visible, and this adaptability distinguishes them.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Malaysian investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Frequently Asked Questions
Can I become an affiliate of HFM?
Yes, HFM offers an affiliate program to anyone.
What is the maximum leverage offered by HFM for forex trading?
The maximum leverage offered by HFM for forex trading is 1:2000.
Is HFM Safe or a Scam?
HFM is a trustworthy and secure brokerage firm with a global presence in the industry. HFM can meet all of the needs of traders.
Does HFM have Nasdaq 100?
Yes, HFM offers spot contracts on Indices and Futures contracts on Indices for the Nasdaq 100 under the name “US Tech 100.”
Does HFM offer a demo account for practice?
Yes, HFM typically offers demo accounts so traders can practice without risking real money.
How long does it take to withdraw from HFM?
Depending on the payment method, HFM withdrawal times can range from 10 minutes to several days.
How can I withdraw funds from my HFM account?
You can withdraw funds from your HFM account by following the procedure outlined on your account dashboard.
Does HFM have VIX 75?
Yes, HFM provides access to the Volatility 75 index with minimum spreads of 0.14 pips.
Is HFM regulated?
Several reputable authorities, including FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA, regulate HFM. These regulatory bodies ensure that HFM operates within the bounds of the law and adheres to ethical standards.
