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HF Markets

Saint Vincent and the Grenadines|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.hfmvn.com/en/

Website

Rating Index

Contact

+44 2030978571
support@hfm.com
https://www.hfmvn.com/en/
Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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HF Markets · Company Summary

Aspect Information
Company Name HF Markets
Registered Country/Area Saint Vincent and the Grenadines
Years 1-2 years
Regulation Unregulated
Market Instruments Stocks, Options, Futures, Indices, Commodities, Shares, and CFDs
Account Types Cent, Zero, PRO, and Premium
Minimum Deposit USD 0
Maximum Leverage 2000:1
Spreads From 0 pip
Trading Platforms MT4, MT5
Demo Account Yes
Customer Support Phone: +44 2030978571 and Email: support@hfm.com
Deposit & Withdrawal Credit Card, Neteller, Skrill, Webmoney, Wire Transfer, Bitcoin, Cash, and Fasapay

Note: The official website is inaccessible.

Overview of HF Markets

HF Markets, operating for 1-2 years and based in Saint Vincent and the Grenadines, offers a range of market instruments including Stocks, Options, Futures, Indices, Commodities, Shares, and CFDs.

Traders can choose from several account types, such as Cent, Zero, PRO, and Premium, to suit their trading preferences. With no minimum deposit requirement and a maximum leverage of 2000:1, traders can start trading with USD 0 initial investment and amplify their positions significantly.

Competitive spreads starting from 0 pip reduce trading costs, while access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms ensures advanced trading capabilities. A demo account is available for practice, and customer support is accessible via phone and email.

Deposits and withdrawals can be made using various methods including Credit Card, Neteller, Skrill, Webmoney, Wire Transfer, Bitcoin, Cash, and Fasapay, providing flexibility and convenience for traders managing their accounts.

Overview of HF Markets

Regulatory Status

HF Markets operates as an unregulated trading platform, meaning it does not fall under the oversight of any financial regulatory authority. Traders and investors should be aware that the absence of regulatory supervision may entail additional risk.

Pros and Cons

Pros Cons
Competitive spreads Unregulated
Wide range of trading instruments High leverage
Multiple account types available Potential for slippage during high volatility
No minimum deposit requirement Lack of investor protection
MetaTrader 4 and MetaTrader 5 support /

Pros:

  1. Competitive Spreads: HF Markets offers competitive spreads starting from 0 pips, which can lead to lower trading costs for traders.

  2. Wide Range of Trading Instruments: Traders have access to a range of trading instruments, including stocks, options, futures, indices, commodities, shares, and CFDs, allowing for diversified trading strategies.

  3. Multiple Account Types Available: HF Markets provides various account types such as Cent, Zero, PRO, and Premium, meeting different trading preferences and strategies.

  4. No Minimum Deposit Requirement: There is no minimum deposit requirement to open an account with HF Markets, making it accessible to traders with different budget sizes.

  5. MetaTrader 4 and MetaTrader 5 Support: HF Markets supports both MetaTrader 4 and MetaTrader 5 platforms, which are widely used and offer advanced trading features and tools.

Cons:

  1. Unregulated: Operating without regulation in some jurisdictions may be concerning as to oversight and investor protection.

  2. High Leverage: The maximum leverage offered by HF Markets is 2000:1, which can amplify both profits and losses, increasing the risk for traders.

  3. Potential for Slippage During High Volatility: Traders may experience slippage, where the execution price of a trade differs from the expected price, especially during periods of high market volatility, potentially leading to unexpected outcomes and losses.

  4. Lack of Investor Protection: Due to the lack of regulation or limited regulation, there may be fewer investor protection measures in place, leaving traders vulnerable to certain risks.

Market Instruments

HF Markets offers an array of market instruments for the trading needs and preferences of its clients. Here are the key features of the market instruments available:

  1. Stocks: Traders can invest in individual company stocks, providing opportunities to capitalize on the performance of specific companies in various industries.

  2. Options: Options contracts offer traders the right, but not the obligation, to buy or sell an underlying asset at a specified price within a predetermined time frame, providing flexibility and risk management strategies.

  3. Futures: Futures contracts allow traders to buy or sell an asset at a predetermined price on a specified future date, providing opportunities for speculation and hedging against price fluctuations.

  4. Indices: Indices represent a basket of stocks or other assets, allowing traders to speculate on the overall performance of a market or sector without trading individual assets.

  5. Commodities: Traders can invest in various commodities such as precious metals (gold, silver), energy (crude oil, natural gas), agricultural products (corn, wheat), and more, providing diversification and inflation-hedging opportunities.

  6. Shares: Shares represent ownership in a company and provide traders with the opportunity to participate in the company's success through dividends and capital appreciation.

  7. CFDs (Contracts for Difference): CFDs allow traders to speculate on the price movements of various financial instruments without owning the underlying asset, providing flexibility, leverage, and the ability to profit from both rising and falling markets.

Market Instruments

Account Types

HF Markets offers a variety of account types tailored to suit the needs of traders.

The Cent account requires no minimum deposit, allowing traders to start trading with as little as 0$.

Similarly, the Zero account also has no minimum deposit requirement, providing flexibility for traders of all levels.

For those seeking enhanced features and capabilities, the PRO account requires a minimum deposit of $100 or €100.

Additionally, the Premium account, like the Cent and Zero accounts, has no minimum deposit requirement, enabling traders to access premium features and services without an initial investment.

Leverage

HF Markets provides traders with the opportunity to utilize leverage of up to 2000:1, enabling them to amplify their trading positions significantly. This high level of leverage allows traders to potentially maximize their trading opportunities and capitalize on market movements while managing their risk effectively.

Leverage

Spreads

HF Markets offers spreads starting from 0 pips, providing traders with competitive pricing and potentially reducing trading costs. A spread of 0 pips means there is no difference between the buying and selling prices of a currency pair or other financial instrument, allowing traders to enter and exit positions more efficiently. With tight spreads, traders can benefit from lower transaction costs and better pricing, maximizing their profit potential.

Trading Platform

HF Markets provides access to two industry-leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), each offering a range of features to enhance the trading experience.

MetaTrader 4 (MT4) is renowned for its user-friendly interface and powerful charting tools, allowing traders to analyze the markets with precision. It offers a wide range of technical indicators and charting options, enabling traders to conduct in-depth analysis and execute trades efficiently. Additionally, MT4 supports automated trading through Expert Advisors (EAs), allowing traders to automate their trading strategies and execute trades automatically based on pre-defined criteria.

MetaTrader 5 (MT5) builds upon the strengths of MT4, offering enhanced features and capabilities for traders. In addition to advanced charting tools and technical indicators, MT5 also supports additional asset classes such as stocks and futures, providing traders with access to a broader range of markets. Moreover, MT5 offers an economic calendar, news feed, and built-in economic indicators, allowing traders to stay informed about market events and news that may impact their trading decisions.

Deposit & Withdrawal

HF Markets provides a range of deposit and withdrawal methods to accommodate the needs of traders. Here are the features of each method:

  1. Credit Card: Allows for convenient and instant transactions, providing traders with quick access to funds deposited into their trading accounts.

  2. Neteller: Offers a secure and reliable e-wallet solution, enabling traders to transfer funds electronically with ease and efficiency.

  3. Skrill: Another popular e-wallet service that allows for secure transactions, providing traders with flexibility and convenience.

  4. Webmoney: A global payment system that offers a variety of funding options, including bank transfers, prepaid cards, and online banking, facilitating easy deposits and withdrawals.

  5. Wire Transfer: Enables traders to transfer funds directly from their bank accounts to their trading accounts, offering a secure and reliable payment method for larger transactions.

  6. Bitcoin: A decentralized digital currency that provides anonymity and security, allowing traders to make transactions without the need for intermediaries.

  7. Cash: Offers a traditional and straightforward method of depositing and withdrawing funds, providing traders with flexibility and convenience.

  8. Fasapay: A reliable and secure payment solution that facilitates instant deposits and withdrawals, satisfying traders in regions where other payment methods may not be available.

Deposit & Withdrawal

Customer Support

HF Markets offers dedicated customer support to assist traders with their inquiries and concerns. Traders can reach out for assistance via phone at +44 2030978571 or through email at support@hfm.com.

Conclusion

In conclusion, HF Markets offers several advantages such as competitive spreads, a wide range of trading instruments, multiple account types, no minimum deposit requirement, and support for MetaTrader 4 and MetaTrader 5 platforms.

However, it's important to consider the drawbacks, including the lack of regulation, high leverage options, potential for slippage during high volatility, and the possibility of limited investor protection.

FAQs

Q: What trading platforms does HF Markets support?

A: HF Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with advanced charting tools, analytical resources, and trading capabilities.

Q: What are the available account types on HF Markets?

A: HF Markets offers a variety of account types, including Cent, Zero, PRO, and Premium accounts, each tailored to meet different trading preferences and requirements.

Q: Is there a minimum deposit requirement to open an account with HF Markets?

A: No, there is no minimum deposit requirement, allowing traders to start trading with HF Markets with no initial investment.

Q: What leverage options does HF Markets offer?

A: HF Markets offers leverage of up to 2000:1, providing traders with the potential to amplify their trading positions. However, traders should exercise caution when using high leverage due to increased risk.

Q: How can I contact HF Markets customer support?

A: You can contact HF Markets customer support via phone at +44 2030978571 or email at support@hfm.com for assistance with any inquiries or issues you may have regarding trading or account management

Broker Information

Company Name

HF Markets (SV) Ltd

Company Abbreviation

HF Markets

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Company address
  • Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@hfm.com

Company Summary

User Reviews

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BoUGER
more than one year
As a newbie in trading, I was eager to learn and jumped into HF Markets. However, I soon realized it's just a clone broker. Now, I'm waking up to this fact and swiftly moving away from them.
2024-02-23 11:31
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0
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Stan Sanara
more than one year
I had assumed, being an offshore broker and all, they'd offer some super competitive spreads. But in fact, it quite the opposite. Take EUR/USD, the most liquid pair, right? You'd expect a decent spread of around 1-2 pips. But here I was staring at the screen that read 4 pips, twice than what I was hoping for. And their customer service? Very unprofessional, mate One time, I had an issue where my trade got stuck. So, I ring them up and what do I get? Some generic response about 'system updates' and 'technical glitches'. No proper explanation or reassurance. Felt like talking to a robot, you know? After just two days of trading there, I'd had enough. Luckily, I managed to pull out my funds in time. Not the best experience for a trader, to be honest. Talk about a reality check!
2024-01-26 15:13
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0
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Tyuohun
more than one year
HF Markets is a deceptive broker. The genuine trading platform is HFM, not this one. Keep your eyes open and don't fall for the scam.
2023-12-22 14:33
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