HF Markets, also known as HotForex, is an online Forex and CFD global broker that was founded in 2010. As one of the leading Forex brokers, HF Markets has authorized representatives in several emerging hubs such as Seychelles, Mauritius, South Africa, St. Vincent and the Grenadines. Notably, HF Markets is regulated by CySEC while HotForex Markets SA (PTY) Ltd is authorized by the Financial Sector Conduct Authority in South Africa. At HF Markets, you can trade traditional Forex pairs or you can also trade CFDs for commodities, stocks, indices, energies, metals and cryptocurrencies. Is HF Markets a reliable Forex broker or is it a scam broker? Find out more with AtoZ Markets Forex broker review of HF Markets.
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it. This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience an overview about a brokerage firm. In this review, we host www.hfeu.com.
Unlike many brokers who promise you the moon, but only deliver a moonbeam, Hotforex is customer-responsive, giving their clients exactly what they need, which is the key to their success. With its headquarters situated in the heart of Cyprus, HF Markets offers a variety of services and products that are tailored to suit the specific needs of their global community of clients. For example, the brokerage offers about 150 instruments which include CFDs, forex, commodities, shares, bonds, indices as well as cryptocurrencies, thus earning for themselves, a well deserved name as a reliable and trustworthy broker.
The broker offers traders the popular MetaTrader 4 (MT4) trading platform designed by MetaQuotes Software Corporation. Due to its high adoption rate by Forex brokers around the world, the MT4 software has been considered to be the industry's standard trading platform. In a bid to enhance its MT4 user experience, HF Markets offers several versions of MT4 platform. At the moment, the versions they have provided include the following:
- MT4 Desktop
- MT4 WebTrader
- MT4 MultiTerminal
- MT4 iPhone Trader
- MT4 iPad Trader
- MT4 Android Trader
- MT4 Smartphone Trader
The MT4 platform supports multiple market order types including automated trading systems through the use of Expert Advisors (EA). HF Markets put their own unique touch on the MT4 web-based terminal, thus making it smooth and easy to navigate. From our use, slow loading times, which is a common issue with web-based trading platforms, was not experienced.
To cater to all its clients, HF Markets has provided them with the option to choose from six different types of trading accounts with their escalating benefits. They include Micro, Premium, Zero, AUTO, HF Copy, and the PAMM Trading Account. Opening a new Micro trading account requires as minimum like $5. The maximum leverage available is up to a massive 1:1000. Spreads vary but starting at just 1 pip. While spreads are lower on the Zero trading account, margin requirements are twice as high as the Premium trading account, where spreads are 1 pip.
In 2018, HF Markets added cryptocurrency trading to their portfolios. Currently, there are four available cryptos to trade with on the broker's platform and they are Bitcoin, Ethereum, Litecoin, and Dashcoin. While this is a good start for this popular brokerage firm, we expect to see them add more digital coins in the near future.
HF Markets deeply cares about their worldwide clients as their satisfaction is their hallmark. Therefore, it has provided customer support services that are available on a 24-hour basis. For assistance, traders can reach out to their experienced and multilingual customer service representatives via email, live chat, phone call or through filling out the web contact form on their website. What is more, the website features educational pages filled with training materials, videos, charting tools, free signal alerts and more, for both newbies and veteran traders.
HF Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12. It is also licensed as an authorized Financial Service Provider by the Financial Service Board in South Africa, with authorization number 46632.
HF Markets has proven over the years to be a secure and trustworthy online trading brokerage as it has gone over the top to offer its clients a wide range of products to succeed when trading in the financial markets. So whether you are a beginner or a veteran trader, HF Markets offers trading conditions that are favorable for all traders and are able to meet all your trading requirements. All in all, HF Markets is a safe and phenomenal online trading broker that operates in accordance with international best practices. Hence, all their transactions are secured with the latest encryption technology and they could be the right social trading brokerage for you.