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HF Markets Review

Author By Jeffrey Cammack
Updated: June 23, 2021
Overall Rating
4.15 4.15 / 5
Rated #34 of 66 Recommended Brokers
Min. Deposit
GBP 100
Regulators
Trading Desk
Trading Cost
USD 10
Website Language
English, Chinese, Vietnamese, Indonesian, Portuguese, Arabic, Japanese, Malay, Hungarian
Support Language
English, Japanese, Vietnamese, Chinese, Arabic, Hindi
AlertAccepts UK Clients. Average spread EUR/USD 1.30 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA. 69.03% of traders lose money with this provider.

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Summary

HF Markets is a global CFD broker offering a relatively wide range of trading products including Forex, commodities, indices, shares, bonds, and ETFs – though it recently stopped offering crypto CFDs. FCA-regulated since 2012, UK traders can be guaranteed that HF Markets is a safe and reliable broker.

The HF Markets Premium Account has slightly higher trading costs than most other brokers’ entry-level accounts with a 100 USD minimum deposit and spreads starting at 1 pip on the EUR/USD. But trading costs improve on the ZERO Spread Account, with EUR/USD spreads starting at 0.1 pips and a 6 USD commission. All accounts are available as Islamic accounts.

HF Markets supports both the MT4 and MT5 platforms – but unlike most other brokers does not offer its own web-based platform – and has several excellent trading tools to further assist traders. Unfortunately, access to better trading tools like Autochartist, which other brokers sometimes offer as a free service, requires an account balance of 500 USD – well above the required minimum deposit.

HF Markets does not charge any withdrawal or deposit fees and deposits and withdrawals can be made quickly through the Trustly app. It allows hedging, scalping, and copy trading, and offers an excellent selection of educational and market analysis materials to get new traders started. HF Markets has a dedicated UK customer service team and a toll-free UK customer service number.

Reviews

Regulation
111104/ 5
Trading Conditions
111104/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
None

Account Information

Base Currencies
EUR, USD, GBP
Number of FX Pairs
50+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Min. Spread
0.10 pips
Commission
6 USD / lot - ZERO Spread Account
EUR/USD
0.3 pips
GBP/USD
0.3 pips
USD/JPY
0.3 pips
Max. Leverage
30:1

Company Details

Company Name
HF Markets (UK) Ltd
Founded
2010
Website
Office Locations
United Kingdom, Cyprus

Pros

  • Well regulated
  • Excellent market analysis
  • Copy trading accounts

Cons

  • Limited base currencies

Is HF Markets Safe?

With a long history of responsible behaviour and local and international regulation, we consider HF Markets to be a safe broker to trade with.

Founded in 2009 and headquartered in Cyprus, HF Markets is the global brand name of HF Markets Group. Entities within the group are regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Financial Sector Conduct Authority of South Africa (FSCA), and the Financial Services Authority of Seychelles.  See below for HF Markets listed companies:

  • HF Markets (UK) Limited – authorized by FCA (UK) registration no. 801701.
  • HF Markets SA (PTY) Ltd – authorized by FSCA (South Africa) registration no. 46632
  • HF Markets (Europe) Ltd – authorized by CySEC (Cyprus) registration no. 183/12.
  • HF Markets (DIFC) Ltd – authorized DFSA (Dubai) registration no. F004885.
  • HF Markets (SV) Ltd – authorized by FSA (St. Vincent and the Grenadines) registration no. 22747 IBC 2015.
  • HF Markets (Seychelles) Ltd – authorized by FSA (Seychelles)registration no. SD015.

British clients of HF Markets will be trading with HF Markets (UK) Ltd, which is authorised by the UK’s Financial Conduct Authority (FCA). The FCA is widely held to be one of the strictest and most careful regulators in the world and HF Markets in the UK can only offer maximum leverage on Forex pairs of 30:1 and is banned from offering trading on crypto CFDs. HF Markets are also required to be members of the Financial Services Compensation Scheme (FSCS), covering British customer losses up to 85,000 GBP in the event of broker bankruptcy. All UK client funds are held in segregated accounts with top-tier banks and HF Markets is subject to frequent audits of its finances and client operations. In addition, all UK clients have negative balance protection, meaning they can never lose more money than is held in their trading account.

HF Markets has won numerous awards for its services and offerings over the years, recent awards include:

  • Most Transparent Broker 2020 (The European – Global Banking & Finance Review Awards),
  • Best Client Services – Global 2020 (Capital Finance International Magazine),
  • Best Broker in Africa 2020 (AtoZ Forex),
  • Best Trading Experience South East Asia 2020 (International Finance Awards),
  • Best Partners Program Global 2020 (International Investor Awards),
  • Excellence in Customer Service Global 2020 (International Investor Awards),
  • Best Global Copy Trading Platform (Global Forex Awards 2019) for the HFcopy trading service.

With many years of responsible operation, regulation from some of the strictest authorities in the world, and a long list of awards for customer satisfaction, HF Markets is considered a reliable and safe Forex broker. 

HF Markets Trading Fees

HF Markets’s trading fees are average compared to other brokers

HF Markets is fairly average amongst brokers in that it offers two account types for retail traders and a professional account. Trading costs vary between the two retail account types (for more detail on HF Markets’s account types, click here).

Despite the variation, overall trading costs are average when compared to other brokers, though the accounts themselves do offer different benefits in terms of trading strategies and minimum deposit.

HF Markets’s accounts were assessed to compare the costs to those of other brokers.  The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Trading Cost Formula: Spread x Trade Size + Commission = Total Cost in Secondary Currency (USD)

HF Markets Account Table

As you can see from the table above, the trading costs on the Premium Account are built into the spread – but the ZERO Spread account does carry a 6 USD commission in exchange for tighter spreads. Spreads are variable at HF Markets, meaning that they will get wider or tighter depending on trade volume and market volatility.

While HF Markets does not publish a table of its overnight financing fees (swap fees), it does have a swap calculator – making it easy to figure out the cost of holding a trade overnight. For instance, the fee for holding 1 lot of EUR/USD overnight in a long position is 6 USD, and 0.6 USD for a short position.

The average cost of trading one lot of EUR/USD at similar Forex brokers tends to be 9 USD or lower. Compared to other brokers, HF Markets’s trading fees are slightly higher than average on its Premium Account and slightly lower than average on the ZERO Spread Account – though this account does require a higher minimum deposit of 200 USD.

Opening an Account at HF Markets

Opening an account at HF Markets is a fully digital process and is hassle-free compared to other brokers

All British traders can open an account at HF Markets, but will need to meet all the minimum deposit amounts to do so, these are:

  • Premium Account: 100 USD/GPB/EUR
  • ZERO Spread Account: 200 USD/GPB/EUR
  • Premium Pro Account: 5000 USD/GBP/EUR

Opening a live account at HF Markets is easy and takes less than 3 minutes. While HF Markets also offers Corporate Accounts and Joint Accounts we will focus on opening an Individual Account:

  1. Initially, you will need to provide your full name, phone number, email address and date of birth. You will also have to choose whether you want the base currency of your account to be USD, GBP or EUR. For more on account base currencies at HF Markets, click here.
  2. Once this step is complete, you will have access to your MyHF dashboard. This is the administrative hub for your demo accounts, your live accounts, and your finances.
  3. From the MyHF hub, you will need to choose the account type that best suits you and submit your Know Your Customer (KYC) documentation. HF Markets needs at least two documents to accept you as an individual client:
    1. Proof of Identification – current (not expired) coloured scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, a similar identification document bearing your photo such as an ID card or driving licence will work.
    2. Proof of Address – a Bank Statement or Utility Bill. Please ensure, however, that the documents provided are not older than 6 months and that your name and physical address is clearly displayed.
    3. Important Note: The name on the Proof of Identification document must match the name on the Proof of Address document.
    4. You can upload your documents directly from your myHF area; alternatively, you can also scan them and send them to [email protected]
  4. Once this step is complete, you will need to make at least the minimum required deposit for your chosen account via one of HF Markets’s deposit methods. For more on HF Markets’s deposit and withdrawal policies, click here.
  5. Your documents will be checked by the verifications department within 48 hours. Any deposits will be credited to the account only after your documents have been approved and your myHF area is fully activated.
  6. We advise you to read HF Markets’s risk disclosure, customer agreement and terms of business before you start trading.

HF Markets Account Types

HF Markets offers three account types, which is normal compared to other brokers. Two of the account types are suitable for beginners.

HF Markets has three different account types suited to both beginner and experienced traders alike.  Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.  Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. 

Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders.  However, spreads on these accounts are often wider than those with higher minimum deposits.  Experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. 

An STP broker, HF Markets offers three market execution accounts, two of which are retail trading accounts. The other account is aimed at professional traders. Maximum leverage for retail traders is fixed at 30:1 as required by FCA regulation, though the Premium Pro Account features leverage of 1:400 for those that qualify. Hedging, scalping, and algorithmic trading are unlocked on all accounts and all accounts are also available as Islamic accounts.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Hfcopy
EUR 300
30:1
1
0.0
Account Details
Premium
USD 100
30:1
1
0.0
Account Details
Zero Spread
USD 200
30:1
0.10
6 USD
Account Details

Premium Account

The minimum deposit on this commission-free account is 100 USD/EUR/GBP.  With this account, micro-lot trading is available and the spread starts at 1 pip, which is slightly wider than you would find at similar brokers.  The maximum total trade size is 60 standard lots per position and stop out levels are at 50%.

ZERO Spread Account

This is a market execution account with raw spreads starting at 0.1 pips on the EUR/USD.  Note that raw spreads are only available on major currency pairs, and exotic pairs still carry wide spreads. As with all raw spread accounts, you will be charged a commission – in this case, the charge is 3 USD per lot (6USD total round turn) on majors and 4 USD per lot (8 USD total round turn) on minors and exotics. 

As with the Premium account, the ZERO Spread account allows traders to keep 60 trade standard lots per position.  The ZERO Spread Account is good for beginner traders and have lower ongoing trading costs but require a minimum deposit of 200 USD.

Premium Pro Account

The Premium Pro Account caters to the needs of professional traders classified under the Professional Clients category. Professional Clients are those that have traded 10 lots or more in the previous 12 months, hold over 500,000 EUR in assets and have worked in the financial services industry for at least 12 months. The key features of this account is that it allows for maximum leverage of 1:400, while the stop out level is set at 20%, otherwise it features the same trading costs as the Premium Account.

All accounts are available on MT4 and MT5, for more on HF Markets’s Trading Platforms, click here.

Overall, HF Markets’s trading costs are average compared to other similar brokers, and the minimum deposits are in line with other international brokers operating in the UK.

All the accounts provide access to the entire range of HF Markets’s trading assets, including Forex pairs, metals, energies, indices, shares, commodities, bonds, and ETFs. HF Markets has also recently introduced a DMA Stocks asset class, allowing traders on the MT5 platform to place leveraged trades on 900+ of the most popular stocks in the world directly on the books of global stock exchanges. For more detail on HF Markets’s assets, click here.

HF Markets Deposit & Withdrawal

Unlike most other Forex brokers, HF Markets charges no fees for deposits and withdrawals, but withdrawal times are average for the industry.

As an FCA regulated broker, HF Markets ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name. 

HF Markets offers free online bank funding for clients who have linked their bank accounts using the Trustly app. This is a much faster method of depositing and withdrawing funds than a standard bank wire, with deposits and withdrawals reflecting within 2 business days, but often much sooner.

Traditional deposits are handled on weekdays and conditions apply to each of the deposit options.

  • Bank Wire – HF Markets will cover the fees for transfers over the minimum amount of 250 USD. The funds will be added to your trading account within one business day of the funds reflecting in HF Markets’s account. This method usually takes 2-7 business days.
  • Visa/Mastercard – A minimum deposit of 5 USD is required and will take approximately 10 minutes to reflect in your trading account. There are no fees for this deposit method.
  • Neteller/Skrill – HF Markets allows deposits from Neteller and Skrill with a minimum of 50 USD. Both of these deposit methods will reflect to your trading account within minutes and there is no charge for deposits.

Traditional withdrawals are processed within 24 hours (weekdays only) of receiving them, and different conditions apply to each of the payment methods.

  • Bank Wire – No fees and a minimum withdrawal of 100 USD. Bank wire withdrawals can take 2-10 days to receive depending on your bank. Be aware that HF Markets will not cover any bank wire fees charged by your bank or corresponding banks.
  • Visa/Mastercard – No fees and minimum withdrawal of 5 USD. Card withdrawals can take 2-10 business days depending on your bank.
  • Neteller/Skrill – HF Markets allows withdrawals from Neteller and Skrill with a minimum of 50 USD. Both of these withdrawal methods will reflect to your trading account within minutes and there is no charge for withdrawals.

HF Markets is unusual amongst brokers in generally not charging any fees for deposits or withdrawals. This is welcome and certainly contributes to customer satisfaction. While deposits and withdrawals are free and deposits are fast, withdrawals do take longer than most other brokers – 2-10 business days for card withdrawals is particularly poor.

But with the option for UK clients to use Trustly for free deposits and withdrawals direct from their bank accounts, HF Markets provides a decent funding option.

HF Markets Base Currencies (Trading Account Currencies)

While HF Markets has a limited number of base currencies compared to other brokers, it does offer GBP Accounts, which can help UK traders avoid paying conversion fees.

At HF Markets, you can only choose from three base currencies: USD, EUR or GBP. While this is limited compared to most other international brokers, it is good for British traders who will likely have bank accounts denominated in GBP and will have the option of avoiding conversion fees.  Conversion fees can make trading expensive, and are usually not presented on the fee report, but affect your profitability.

However, it should be noted that for traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.

HF Markets Trading Platforms

With both MT4 and MT5 but no proprietary trading platform, HF Markets’s platform support is average compared to other Forex brokers

HF Markets offers both MT4 – the most popular trading platform in the world – and MT5 – the latest version of the industry standard. As well as the desktop applications, HF Markets also offers MT4 and MT5 WebTerminal, which are browser-based version of the platforms, along with mobile and tablet versions of both iterations.

While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. On the other hand, the benefit of HF Markets offering third-party platforms such as MT4 and MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.

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Broker
Platform Choice
Copy Trading
Platforms
111104/ 5
IQ option

Metatrader 4 (MT4)

Developed by MetaQuotes in 2002, MT4 is still the most popular CFD trading platform in the world.  Although the platform’s interface is now dated, MT4 is still widely recognised for its fast execution speeds, wide range of charting tools, algorithmic trading, and customisability.  Other features of MT4 include:

  • Supports the creation, modification, and utilisation of automated trading strategies.
  • Supports MQL4 programming language.
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Allows traders to develop their own custom indicators.
  • Superior charting tools in nine timeframes
  • 24 graphical objects
  • 30 built-in indicators
  • Four pending order types, including buy stop, sell stop, buy limit, and sell limit.

HF Markets also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface.

Metatrader 5 (MT5)

Developed in 2010, MT5 is the newer version of its predecessor, MT4.  The primary difference between MT4 and MT5 is that MT4 is a Forex-only platform, while MT5 is a multi-asset trading solution. On MT5, you can trade stocks, stock indices, commodities, cryptocurrencies, ETFs, and precious metals.

MT5 is more powerful and faster than MT4, especially when it comes to back-testing functionality for automated trading algorithms.  MT5 also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on charts. Additional features of MT5 include:

  • 12 timeframes
  • 38 built-in indicators
  • 37 graphical objects
  • Six pending order types
  • Multi-threaded strategy tester

Both MT4 and MT5 are available as downloads, browser-based, and on iOS and Android devices. Mobile access is 24/7, and the mobile apps employ the latest SSL encryption technology for security.

HF Markets Mobile Trading Platforms

HF Markets mobile trading platforms are average when compared to other brokers

HF Markets offers support for the MT4 and MT5 mobile trading apps for Android and IOS, including a native iPad app.

The HF Markets MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time and tick chart trading further empowers traders while on the move.

HF Markets Trading Tools

HF Markets offers an excellent range of trading tools, when compared to other brokers

HF Markets’s range of trading tools include Autochartist, a free VPS service and set of Premium Trading Tools. While all these tools are provided free, traders are required to make a substantial deposit before access is provided.

Autochartist

Free for all HF Markets clients with a minimum deposit of 500 USD, Autochartist is an award-winning automated technical analysis tool that plugs into MT4 and MT5 and scans all available CFD markets for trading opportunities.

Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Some of Autochartist’s key features are:

  • Chart pattern recognition
  • Fibonacci pattern recognition
  • Key level analysis
  • Pattern quality indication

VPS

HF Markets clients with a minimum deposit of 5000 USD can also subscribe to a free VPS hosting service provided by external third-party providers. VPS services ensure trades are never disrupted by technological or connectivity issues, such as load-shedding or internet service failure. The VPS service is only available to traders using the MT4 platform.

Premium Trader Tools

Free to all HF Markets clients with a minimum deposit of 200 USD/ Premium Trader Tools give traders access to institutional quality technology, including advanced trading tools, user-configurable news and information, and trade analysis.  It also includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking. The full list of tools in the package includes:

  • Trade Terminal: A feature-rich professional trade execution and analysis tool, providing several trading features and order controls that are not included in MT4 or MT5.
  • Connect: A customisable news feed aggregator and interactive economic calendar
  • Correlation Matrix and Correlation Trader: These tools work together to show correlations between pairs of trading symbols. It functions with any symbols available in the trading platform, allowing a calculation of the correlation between multiple asset classes against Forex. The Correlation Trader will then allow for detailed inspection of the correlation between any two instruments.

Other trading tools available at HF Markets include a range of trading calculators, which can be used to calculate pip value, swap fees, risk percentages and support and resistance levels.

HF Markets Trading Assets

Unlike many brokers, HF Markets no longer offers cryptocurrencies to trade, but it does have a larger number and wider range of assets to trade than most other CFD brokers

HF Markets offers over 1000 CFD trading instruments on all three trading accounts. Besides Forex pairs, HF Markets offers metals, energies, indices, shares, commodities, cryptocurrencies, bonds, DMA stocks (MT5 only) and ETF trading.

  • Forex pairs: HF Markets offers 53 Forex pairs to trade, including majors, minors, and exotics such as USD/ZAR and ZAR/JPY. While this is a substantial number, other brokers will offer 60+ pairs to trade. Maximum leverage is 1:1000.
  • Metals: HF Markets offers silver and gold crosses with both the EUR and USD as well as palladium and platinum futures. This is an average selection of metals compared to other brokers. Maximum leverage is 1:200 on gold but falls to 1:20 on palladium futures.
  • Energies: HF Markets offers spot and future contracts on both Brent and WTI oil. Maximum leverage is 1:66.
  • Indices: HF Markets offers spot and future contracts on a range of international indices, including the NASDAQ, S&P500, FTSE100, DAX30 and the Nikkei. This is a broad range of indices compared to other brokers. Maximum leverage is 1:200.
  • Shares: HF Markets offers 71 share CFDs to trade, including popular US tech companies, and multinational energy companies alongside some of the key constituents of the JSE such as BAT and Absa Group. While this may seem like a smaller range of share CFDs than offered by other brokers, HF Markets also offers 950 DMA stocks. Maximum leverage is 1:14.
  • Stock DMAs: In addition to its range of share CFDs, HF Markets also offers 950 DMA stocks – allowing traders to trade directly on stock exchanges around the world. This asset class is only available on MT5. Maximum leverage is limited to 1:5
  • Commodities: HF Markets offers five of the most common commodity futures to trade, such as coffee and sugar. Maximum leverage is 1:66
  • Bonds: HF Markets offers CFD trading on the three most popular bonds in the world – UK Gilts, Euro Bunds, and the US 10-year. Maximum leverage is 1:50.
  • ETFs: Exchange Traded Funds have rapidly gained in popularity in recent years, and HF Markets offers spot contracts on 34 of the most traded ETFs in the world. Maximum leverage is 1:50.

While some traders will be disappointed that HF Markets no longer offers crypto CFDs, the range and depth of assets available to trade is impressive and much more than is normally seen at other similar brokers.

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Fx Pairs
CFD Investments
50+
Commodities
Cryptocurrencies
Forex
Indicies
Metals
Equities
Energies
Bonds

HF Markets Research and Market Analysis

HF Markets has a competent in-house research team and has partnered with several third-party analysis companies to provide more useful market analysis than is available at most other brokers.

HF Markets’s research and market analysis is divided into three main sections, each of which provides a specialised benefit for traders looking for market insight and trading opportunities.

Forex News – In partnership with FXSTREET, a respected market news aggregator and publisher, HF Markets provides a constant stream of news that impacts the markets. While the main focus is on geopolitical events and macroeconomic movements, there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies.

HFAnalysis – This is the hub for HF Markets’s own market research content. The focus is a market news blog, split between fundamental analysis and technical analysis, and trader education. From here traders can also access monthly and quarterly outlooks, video analysis, special reports, and intraday charts. From here traders can also access the HF Markets podcast; generally published mid-week this is a detailed look at recent market movements and a look ahead to potential market-impacting events. Overall, the analysis provided by HF Markets’s experts is detailed and accurate and is on par with the in-house research provided by other large international Forex brokers.

Advanced Insights – This plugin for MT4 and MT5 provides sentiment and volatility analysis from an insight engine that applies big data AI to millions of news articles and live trading positions. The plugin also provides timeline of the upcoming events and presents detailed infographics on HF Markets’s full range of assets. While this tool is provided free, traders will need to have deposited at least 100 USD and closed trades worth 10 lots or more in the previous two months.

Trading calculators and economic calendars are also available for reference outside of a trading platform.

Between the analytical tools and the sheer scale of market research on offer – in audio, text, and video format – from both in-house and third-party experts, HF Markets’s market analysis is considerably more useful than most other brokers – though is about equal when compared with other international brokers with large research and analysis budgets.

HF Markets Education

Much like the market analysis at HF Markets, the educational content available is multi-format, competent and more useful for beginners than that available at most other brokers

Traders who open a demo or live account will get access to the HF Markets e-Course.  This course is well-structured and includes the basics of Forex theory and Forex trading, reading, and interpreting charts, trading strategies, trading psychology, and technical analysis.

Video tutorials are available without registration, and these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory.

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Broker
Beginner Course
Advanced Course

Webinars on current events, advanced trading strategy, and risk and money management are run every few days. These webinars do not require an account at HF Markets, but you will need to register

Overall, the quality of the educational content is very high and HF Markets obviously does its best to educate beginner traders. More experienced traders will also find the information and material on offer useful, especially the webinars and video analysis on more advanced topics. This is unusual in the industry, as while most brokers will try to educate beginners, traders with more experience are often underserved.

HF Markets Demo Account

HF Markets offers an unlimited demo account, allowing prospective traders to test trading strategies under real market conditions.  Demo accounts are loaded with 100,000 USD in virtual currency and have access to both the MT4 and MT5 platforms. 

HF Markets Customer Support

With a local UK service team, HF Markets customer support is better than most other brokers

Award-winning customer service and a client-focused approach to business mean that beginner traders at HF Markets can rely on excellent support. 

Support is available 24/5 in over 27 languages via email, live chat, and telephone.  Toll-free local phone numbers (available in the UK) and local email addresses give clients direct free access to quality customer service in their language. 

HF Markets’s goal is to provide the best customer service to clients by maintaining a client-focused culture. This approach to supporting clients won them the Best Global Forex Trading Education Provider 2018 (Global Brands Magazine).

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the HF Markets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

HF Markets Risk Statement and Disclaimer

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. HF Markets would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.03% of retail investor accounts lose money when trading CFDs with HF Markets. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overview

An STP broker offering multi-asset trading, HF Markets is a good broker for both beginner and experienced traders alike. HF Markets offers a relatively low-cost Zero Spread Account and support for both MetaTrader platforms, though many other international brokers also offer their own trading platforms – which are often easier for beginners to use. In addition, HF Markets has excellent customer support, world-class educational content and market analysis, and a great range of useful trading tools.

Deposit and withdrawals are free and can be made quickly and easily via the Trustly app, and the range of assets available to trade is relatively large when compared to other brokers, though HF Markets has withdrawn cryptocurrency CFDs from its product line-up. Overall trading costs are about average when compared to other brokers, but there are many benefits to trading with HF Markets – explaining its large international customer base.

AlertAccepts UK Clients. Average spread EUR/USD 1.30 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA. 69.03% of traders lose money with this provider.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Acct
Trading Platforms
Funding Methods
Trading Commission
11110.54.15/ 5
GBP 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Metals
Equities
Energies
Bonds
50+
0
  • Well regulated
  • Excellent market analysis
  • Copy trading accounts
  • Limited base currencies
111104/ 5
111104/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
1110.503.5/ 5
111104/ 5
69.03% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.10 pips
Hfcopy
Premium
Zero Spread
Bank Transfer
Visa
Mastercard
Skrill
Neteller
6 USD / lot - ZERO Spread Account
1110.503.28/ 5
GBP 10
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
ETFs
57
12
  • Low minimum deposit
  • Wide range of assets
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
1110.503.5/ 5
1110.503.5/ 5
111104/ 5
100001/ 5
10.50001.5/ 5
111104/ 5
11110.54.5/ 5
85% of retail investor accounts lose money when trading CFDs with this provider
30:1
5 pips
Live Account
IQ option
Bank Transfer
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