Home / Best UK Forex Brokers 2020 / HF Markets Broker Review

HF Markets Broker Review

FX Scouts By Jeffrey Cammack Updated: March 31, 2020
Overall Rating
4.14 / 5
Min. DepositGBP 5
Max. Leverage30:1
Min. Spread0.0 pips
Regulators CySEC,FCA,FSCA,DFSA,FSC
Regulator Origin CySEC FCA FSCA DFSA FSC
Broker TypeECN/STP

Summary

An ECN/STP broker regulated by multiple major authorities including the FCA and CySEC, HF Markets has built a reputation among traders for its stable, fair, secure and transparent trading environment. Excellent educational and analytical material is available for both visitors and clients, and customer service is world-class.

Listed as one the Top 100 Companies by World Finance Magazine and with an award for Business Excellence 2015 (World Confederation of Businesses), HF Markets is not just celebrated by their industry peers, but also by the financial industry as a who

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositGBP 5
Base currenciesEUR, USD
Number of FX Pairs51
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.7
GBP / USD0.5
USD / JPY0.2

Company Details

Company nameHF Markets (SV) Ltd
Founded2010
Website Visit Website
TypeECN/STP
RegulatorsCySEC,FCA,FSCA,DFSA,FSC
Office locations Mauritius

Deposit & Withdrawal Methods

Supported Platforms for HF Markets

Is HF Markets Safe?

Regulated by CySEC (license 183/12) since 2012, the FCA (license 801701) since 2013 and the FSCA (FSP 46632) since 2016, HF Markets adheres to strict internal processes and auditing policies.

As with all highly-regulated brokers, HF Markets takes the security of client funds seriously and uses segregated accounts to ensure that, in the unlikely event of broker bankruptcy, all clients can be refunded.

With awards for Best Client Funds Protection Broker 2015 (Mena Dubai Fx Show) and Best Client Fund Security 2014 (Global Financial Market), the trading industry has specifically highlighted HF Markets for their commitment to the protection of the client funds.

More recently, HF Markets won awards for Best New Forex Broker South Africa 2016 (Global Banking & Finance Review Awards) and Best Forex Broker Latin America 2018 (International Business Magazine). In 2019, further underscoring its commitment to client security, HF Markets won the award for Best Client Fund Security (Global Brands).

Trading Conditions

HF Markets is an STP broker; all trades have market execution and the broker will not profit directly from any losses you make. Account types suits traders who wish to deposit as little as 50 USD and over 500 USD. All accounts have variable spreads, and deposits and withdrawals at HF Markets are free.

Account Types

HF Markets can provide clients with a choice of six account types, depending on location (clients in Europe will only have access to three accounts), and trading conditions vary as the minimum deposit increases. A trader will be able to choose their account based on their trading strategy, level of funding and the size of the trades they wish to make.

Spreads and Commissions

The spreads on all accounts are variable, where the Zero account has the tightest spreads on FX pairs, and an additional commission is charged based on the trading volume.

Deposit & Withdrawal Fees

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.
  • Bank Cards & e-Wallets – A minimum deposit of 50 USD is required, and will take approximately 10 minutes to reflect in your trading account. There are no fees for this deposit method.

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 & minimum withdrawal of 150 USD
  • Bank Cards & e-Wallets – No fees & minimum withdrawal of 5 USD.

HF Markets For Beginners

Award-winning customer service and a client-focused approach to doing business mean that beginner traders at HF Markets can rely on excellent support. Quality educational material in both a structured layout and market analysis format will benefit traders of all learning levels.

Educational Material

Traders who open a demo or live account will get access to the HF Markets e-Course, a well-structured way to learn the basics. This course 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.

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 to participate.

Analysis Material

HF Markets devotes an entire section of their website to market analysis and trading tools; these include daily market news, trade analysis, and outlooks. Trading calculators and economic calendars are also available for reference outside of a trading platform.

This dedication to analysis earned HF Markets the Best Forex News & Analysis Provider 2016 award (Mena Dubai Fx Show).

Customer Support

Support is available 24/5 in over 27 languages. Toll-free local phone numbers 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).

HF Markets Trading Platforms

HF Markets offers both MT4 and MT5 trading platforms. As well as the desktop applications, HF Markets also offers the MT4 and MT5 WebTerminal, a browser-based version of the platforms, along with mobile versions.

The MT5 desktop and WebTerminal at HF Markets offer 21 different time-frames, analysis tools, advantage chart analysis with detailed overlays, pre-programmed analytical tools and over 80 built-in indicators and tools. Advanced traders can install Expert Advisors to enable programmatic trading.

HF Markets Mobile Apps

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

Trading Tools

HF Markets offers a number of powerful trading tools to clients with live accounts. These include free VPS hosting, free access to Autochartist and a collection of Premium Trader Tools such as live sentiment and correlation tracking, tick charts, an MT5 indicator package, a customizable news feed and a sophisticated alarm manager capable of carrying out a number of automated actions.

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

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. 72.21% of retail investor accounts lose money when trading CFDs with HF Markets (Europe) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overview

HF Markets is a well-regulated STP broker with awards for their client protection and product offerings. With accounts that suit both beginners and professionals, ample training material, frequent market analysis, and a broad selection of trading tools HF Markets is a good choice for new and experienced traders. Robust regulation, mirrored by their awards won in the area of client fund protection make HF Markets a trusted brokerage.

Most retail CFD accounts lose money. Your capital is at risk.

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Overall Rating 4.14 / 5 4.37 / 5 3.93 / 5
Minimum DepositGBP 5GBP 10GBP 100
Regulation
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker TypeECN/STPMarket Maker/ECNMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs515950+
Crypto Pairs4318
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 3 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 2 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5
Customer Service 4 / 5 5 / 5 4 / 5
% Lose with this broker 72.83% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1Flexible30:1
Spread0.0 pips0.1 pips0.9 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Hfcopy (Standard)
  • Premium (Standard)
  • Zero Spread (Standard)
  • Cent Account (Mini)
  • ECN Account (Professional)
  • ECN Zero Account (Standard)
  • FXTM Pro Account (Vip)
  • Standard Account (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4, MT5 MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Trading Commission 4 USD / ECN Accounts Fees Included in Spread
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Overall Rating 4.14 / 5 4.37 / 5 3.93 / 5
Minimum DepositGBP 5GBP 10GBP 100
Regulation
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker TypeECN/STPMarket Maker/ECNMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs515950+
Crypto Pairs4318
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 3 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 2 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5
Customer Service 4 / 5 5 / 5 4 / 5
% Lose with this broker 72.83% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1Flexible30:1
Spread0.0 pips0.1 pips0.9 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Hfcopy (Standard)
  • Premium (Standard)
  • Zero Spread (Standard)
  • Cent Account (Mini)
  • ECN Account (Professional)
  • ECN Zero Account (Standard)
  • FXTM Pro Account (Vip)
  • Standard Account (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4, MT5 MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Trading Commission 4 USD / ECN Accounts Fees Included in Spread

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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