4/5 - (12 votes)

HFM Review

Overall, HFM (previously HotForex) is considered low-risk, with an overall Trust Score of 85 out of 100. The broker is licensed by one Tier-1 Regulator (high trust), four Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). In addition, HFM offers Vietnamese traders four different retail trading accounts, namely a Cent, Account, Account, and Pro Account.

Updated : May 13, 2024

Jump to:

Overall Rating

Min Deposit

USD 0 / 0 VND

Regulators

FSCA, CySEC, DFSA, FSA, CMA

Trading Desk

MT4, MT5, HFM Platform (Android & IOS)

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

on HFM’s website

Overview

The broker is a distinguished forex and commodities broker that provides its clients with a comprehensive range of over 150 tradeable assets.

The broker which was founded in 2010, is the international arm of HF Markets and has garnered industry respect. Furthermore, several premier financial regulators govern the broker, including CySEC, FCA, DFSA, FSCA, and FSA.

The broker provides numerous advantages for traders, including low minimum deposits and spreads beginning at 0 pips. In addition, they provide a variety of trading platforms, including MT4, MT5, and their own HF Copy.

With over 1,000 CFDs and 47 currency pairs, traders have ample opportunities to diversify their portfolios.

Top 3 HFM User Reviews

Anh Miller (September 2023) “HFM has proven to be a remarkable broker, always providing its clients with an excellent environment to conduct business. Their trustworthy platform has low prices and tight spreads, allowing easy transactions. Furthermore, they provide a wealth of educational resources to help clients increase their trading expertise, and their dedication to providing excellent customer service is commendable.”
Lan Martinez (September 2023) “HFM broker was listed among the top 100 financial institutions, so I looked into their offerings recently. Their top-notch trading platform has impressed me greatly because it runs smoothly. Trading with HFM is convenient because of the company’s competitive spreads and quick order execution.”
Binh Robinson (August 2023) “Since I began trading with HFM, I have been extremely happy with everything they’ve done for me. They offer a wide variety of trading instruments to meet the needs of different investors, and their support staff is always helpful and knowledgeable.”

Advantages that HFM has over competitors

creates a remarkable trading environment, producing more profitable trades and a superior trading experience.
adheres to stringent regulations enforced by esteemed financial bodies such as the UK’s Financial Conduct Authority (FCA) and Cyprus’s Cyprus Securities and Exchange Commission (CySEC), providing clients with essential safeguards such as compensation schemes and fund segregation.
offers a vast array of trading assets, allowing traders to diversify their portfolios and explore various opportunities.
Because of its many account types, including a no-deposit account, HFM can serve both novice traders and those on a tight budget.
provides an accessible entry point, with minimum deposits as low as 0 local currency units for basic account types in Europe, Africa, and the UAE, and $5 for all other regions.
In regions without regulatory restrictions, they offer up to a 1:2000 increase in leverage, potentially amplifying profits and risks.
maintains offshore branches in Seychelles and Saint Vincent and the Grenadines (SVG). It operates in regulated regions, including the UAE, the EU, Kenya, the UK, and South Africa.
provides various platform options, allowing traders to select the one that best suits their trading style and needs.
provides traders superior trading tools that enhance market analysis and trading accomplishments.
offers competitive spreads that reduce trading expenses, with spreads as low as 0 pips available for certain account types.
With over a decade of industry experience and over 60 industry accolades, such as “Best Forex Mobile Application” and “Most Transparent Broker,” HFM has solidified its reputation.

Who will Benefit from Trading with HFM?

Traders looking for a broker who offers a variety of trading platforms, such as MT4, MT5, and HF Copy.
Traders looking for a broker with excellent trader tools, an analysis board, VPS hosting, and Autochartist.
Traders looking for a broker who offers a variety of account types.
Traders are looking for a broker who provides investment options.
Traders looking for a broker with a proprietary copy trading platform, HFCopy, and a good selection of over 1,000 CFDs and 47 forex pairs.
Traders looking for a broker that allows them to earn money without trading through affiliate programs.
Traders seeking a trustworthy broker with low spreads and favorable trading conditions.
Traders seeking a broker who offers diverse trading instruments, such as CFDs on Forex, Cryptocurrencies, spot metals, energies, commodities, indices, bonds, and popular stocks.
Traders looking for a broker with a low minimum deposit and spreads starting at 0 pips.

Are HFM’s spreads more competitive than other brokers?

Yes, the broker has some of the industry’s tightest spreads from 0.0 pips EUR/USD, ensuring cost-effective trading.

How does HFM’s leverage compare to its competitors?

The broker provides competitive leverage rates of up to 1:2000 that frequently exceed industry standards.

HFM At a Glance

🏛 Headquartered	Cyprus
🌎 Global Offices	Seychelles, South Africa, Dubai, UK, Kenya
🏛 Local Market Regulators in Vietnam	The State Bank of Vietnam (SBV) )
💳 Foreign Direct Investment in Vietnam	22.40 Billion USD (Dec 2022)
💰 Foreign Exchange Reserves in Vietnam	85,801 million USD (Feb 2023)
✔️ Local office in Hanoi?	No
👨‍⚖️ Governor of SEC in Vietnam	SBV Governor, Nguyen Thi Hong
✔️ Accepts Vietnamese Traders?	Yes
📊 Year Founded	2010
📞 Vietnam Office Contact Number	None
📱 Social Media Platforms	Facebook Telegram Instagram YouTube LinkedIn
⚖️ Regulation	FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
1️⃣ Tier-1 Licenses	Financial Conduct Authority (FCA)
2️⃣ Tier-2 Licenses	Financial Sector Conduct Authority (FSCA) Cyprus Securities and Exchange Commission (CySEC) Capital Markets Authority (CMA) Dubai Financial Services Authority (DFSA)
3️⃣ Tier-3 Licenses	Financial Services Authority (FSA) Financial Services Commission (FSC)
🪪 License Number	South Africa – FSP 46632 Cyprus – 183/12 Dubai – F004885 Seychelles – SD015 United Kingdom – 801701 Mauritius – 094286/GBL Kenya – CMA license 155
⚖️SBV Regulation	No
✔️ Regional Restrictions	The United States, Canada, Sudan, North Korea, and Syria
☪️ Islamic Account	Yes
💻 Demo Account	Yes
🛍 Retail Investor Accounts	4
✔️ PAMM Accounts	Yes
💻 Liquidity Providers	Barclays UK, BNP Paribas, and others
✔️ Affiliate Program	Yes
📱 Order Execution	Market
📊 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
✔️ Offers a VND Account?	No
📉 Dedicated Vietnamese Account Manager?	No
📈 Maximum Leverage	1:2000
📊 Leverage Restrictions for Vietnam?	No
💳 Minimum Deposit (VDN)	USD 0 / 0 VND
✔️ Vietnam Dong Deposits Allowed?	No
📊 Active Vietnam Trader Stats	90 million+
👥 Active Vietnam-based HFM customers	Unknown
🔁 Vietnam Daily Forex Turnover	9.9 billion USD (2019)
💰 Deposit and Withdrawal Options	Bank Wire Transfer Electronic Transfer Credit Card Debit Card Skrill
💻 Minimum Withdrawal Time	10 Minutes
⏰ Maximum Estimated Withdrawal Time	10 business days
💳 Instant Deposits and Instant Withdrawals?	No
🏛 Segregated Accounts with Vietnamese Banks?	No
📱 Trading Platforms	MetaTrader 4 MetaTrader 5 HF App
💻 Tradable Assets	Forex Precious Metals Energies Indices Shares Commodities Cryptocurrencies Bonds Stocks DMA ETFs
✔️ Offers USD/VND currency pair?	No
📊 USD/VND Average Spread	None
✅ Offers Vietnamese Stocks and CFDs	No
💻 Languages supported on the Website	English, Portuguese, Spanish
☎️ Customer Support Languages	Multilingual
👥 Copy Trading Support	No
⏰ Customer Service Hours	24/5
📞 Vietnam-based customer support?	Yes
💸 Bonuses and Promotions for Vietnamese?	Yes
📚 Education for Vietnamese beginner traders	Yes
📱 Proprietary trading software	Yes
🤝 Most Successful Trader in Vietnam	Most Successful unknown, but the top include Dao Thi Kim Ngan, Tran Minh Tuan, Pham Quoc Dat, etc.
✔️ Is the broker a safe broker for Vietnam Traders?	No
🎖 Rating for Exness Vietnam	9 /10
🥇 Trust score for Exness Vietnamese	85%
👉 Open Account	👉 Open Account

Regulation and Safety of Funds

The broker is not currently regulated by the State Bank of Vietnam (SBV). However, global regulations are listed in the table below.

Global Regulations

Registered Entity	Country of Registration	Regulatory Entity	Tier	License Number/Ref
HF Markets SA (PTY) Ltd	South Africa	FSCA	2	FSP 46632
HF Markets (Europe) Ltd	Cyprus	CySEC	2	183/12
HF Markets (Seychelles) Ltd	Seychelles	FSA	3	SD015
HF Markets Ltd	Mauritius	FSC	3	094286/GBL
HF Markets (DICF) Ltd	Dubai	DFSA	2	F004885
HF Markets (UK) Ltd	United Kingdom	FCA	1	801701
HFM Investments Limited	Kenya	CMA	2	155

The broker diligently protects client funds by maintaining segregated accounts, ensuring that these funds remain separate from the broker’s operational capital.

This practice provides a strong layer of protection for clients, ensuring that their assets are protected in the event of any unforeseen circumstances affecting the broker’s financial stability.

Negative Balance Protection

The broker provides traders with an added level of assurance through its negative balance protection feature.

This exclusive safeguard guarantees that trader losses will never surpass their account balance, instilling confidence and shielding them against potential risks amid unstable market conditions or unforeseen fluctuations.

Trader’s Insurance Assurance

They are committed to ensuring the safety and security of traders through its comprehensive trader’s insurance scheme. This exceptional program offers additional protection, bringing peace of mind to traders in situations where unforeseen events could risk the broker’s financial stability.

Pure Straight Through Processing (STP)

The broker uses a 100% Straight Through Processing (STP) model, adhering to a Market Execution policy that does not involve any dealing desk intervention.

All client orders are executed instantly under this transparent approach, per current market conditions and reflecting real-market prices. All client orders are routed through HF Markets Ltd, which secures liquidity from a diverse network of prestigious banking and financial institutions.

Competitive Spreads and Commissions

The broker differentiates itself through its highly competitive spreads and commissions, enabling traders to retain a significant portion of their trading profits. Consequently, it ensures an enhanced and more gratifying trading encounter for the individuals involved.

Trading Platforms

The broker allows traders to choose between user-friendly trading platforms, such as MT4, MT5, and HF Copy.

These platforms are expertly designed and equipped with extensive charting tools and indicators that empower traders to make well-informed decisions amidst the unpredictable nature of financial markets.

Does HFM offer any protection against negative balances?

Yes, they offer negative balance protection, which ensures traders do not owe more than their account balance.

How secure are HFM’s online platforms?

They are extremely secure. The employs advanced encryption and cybersecurity measures to protect client data and transactions.

Awards and Recognition

They received the following recent awards and recognition:

Best Trading Accounts Globally in 2023, awarded by the World Business Outlook.
Top 100 Companies in 2023, awarded by the World Finance Magazine.
The Best Stock Broker in 2023, awarded during the FX Awards.
Best Online Trading App in 2023, awarded by CFI.CO.
Best Trading Platform Broker in 2023, awarded by FX Daily Info.
Best Forex Broker Globally (2022), awarded during the European Awards.

What are some significant awards they have received?

The broker has been recognized with notable awards in the financial industry, underscoring its excellence in various categories such as asset management, hedge funds, and overall financial services.

How do awards and industry recognition contribute to its reputation and credibility?

There awards and industry recognition significantly enhance its reputation and credibility as a leading entity in the financial services sector, emphasizing its dedication to providing exceptional services and maintaining high industry standards.

HFM Account Types and Features

There is a selection of trading accounts available to choose from. These accounts are designed to accommodate various levels of trading expertise, levels of trading experience, and trading styles. The following types of retail investor accounts are provided:

➡️CENT Account

➡️ZERO Account

➡️PREMIUM Account

➡️PRO Account

Live Trading Accounts

CENT Account

Cent account is an innovative trading option with swap-free and cent lots. Cent lots, equal to 0.01 of a Standard lot or 1,000 units, allow for precise position sizing.

The Cent account has astonishingly low margin requirements, beginning as low as 10 US cents. It is ideal for novice traders who wish to transition from demo to live trading while minimizing financial risk.

Beginner traders can benefit from Cent accounts by testing their trading skills in a real market environment without risking substantial capital.

Experienced traders can also utilize Cent accounts to explore new trading instruments, refine strategies, and reduce exposure by allocating less capital to such endeavors.

ZERO Account

The Zero Account is a trading solution that offers accessibility, cost-effectiveness, and swap-free trading capabilities to cater to the diverse needs of all traders.

It has an impressive feature set that includes no minimum opening deposit requirement and leverage options of up to 1:2000.

One of its standout features is the provision of RAW, Super-Tight Spreads sourced from leading liquidity providers. These spreads are transparent and devoid of hidden markups, ensuring a fair and competitive trading environment.

Additionally, traders can benefit from commissions as low as $0.03 per 1k lot, further contributing to the account’s cost-effectiveness.

PREMIUM Account

Premium account is designed to meet the specific needs of retail traders who want swap-free trading options, reduced spreads, no minimum deposit requirements, and commission-free transactions.

This account type provides convenient market access through popular platforms like MT4, MT5, WebTrader, or the HFM App, ensuring a seamless trading experience for retail traders.

PRO Account

Experienced traders who want to take their trading to the next level can benefit from the Pro Account. This specialized trading account offers unique features such as ultra-low spreads, leverage of up to 1:2000, and no commissions.

These features enhance the trading experience, allowing seasoned traders to explore their full potential and optimize their strategies.

Additionally, the Pro Account is swap-free, adding further flexibility and convenience, enabling traders to maximize their trading outcomes without the burden of swap fees.

Demo Account

Demo Account provides a meticulously crafted simulation of real trading environments designed to replicate market conditions precisely. The brokers unwavering dedication to synchronizing the Demo and Live trading environments reflects the broker’s core values of honesty, openness, and transparency. This method ensures a smooth transition when traders open a Live Account and begin real-market trading.

By utilizing the HFM Demo Account, traders can gain invaluable trading experience and enter the market with confidence while enjoying the following benefits:

On the Demo Account, Vietnamese traders can begin their journey with a substantial virtual opening balance of up to $100,000.
Vietnamese traders can hone their trading skills using the Demo Account’s unlimited practice time.
Access to industry-leading platforms, such as MT4 and MT5 Terminals, as well as WebTrader, offers flexibility and convenience to Vietnamese traders.
Vietnamese traders can immerse themselves in trading within a simulated environment that closely replicates the market’s dynamics.
Vietnamese traders can examine a variety of trading strategies and methods without putting their actual funds at risk.

Traders from Vietnam can open a demo account on any of the following account types:

CENT Account, ZERO Account, PREMIUM Account, PRO Account.

Islamic Account

The broker offers the Swap-Free Islamic Account option, demonstrating the broker’s dedication to meeting the diverse needs of its clients.

Traders from Vietnam who wish to open this account must initially open a standard account and then contact customer service to request a switch to the Swap-Free Islamic Account.

This procedure enables Muslim traders to engage in commerce consistent with their religious principles and beliefs.

Introducing the Islamic Account demonstrates there commitment to fostering an inclusive and accommodating trading environment in which traders of various backgrounds, including Vietnamese traders, can participate without compromising their religion.

Importantly, the swap-free nature of the account ensures that it adheres to Sharia principles by eliminating interest-based transactions. This strategy reflects HFM’s dedication to providing options that respect its diverse clientele’s values and preferences.

Professional Account

HFM offers a Professional Account under its retail trading accounts.

Spread Betting Account

They do not provide spread betting to Vietnamese traders.

Base Account Currencies

The base account currencies available to Vietnamese include the following:

Basic Order Types

Market Order – 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 platform’s 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 market to enter the trade immediately.
Stop Order – 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.
Limit Order – Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
Limit orders can be either buy or sell limits, depending on the market’s direction before your anticipated reversal.
A sell limit is used to sell above the market, while a buy limit is used to purchase below the market.

Are there any unique features associated with Pro account?

Yes, the Pro account provides advanced traders with tighter spreads, increased leverage, and other premium features.

Are there any benefits to holding a Premium account?

Yes, the Premium accounts frequently include additional benefits such as lower spreads, dedicated support, and exclusive tools.

How to open a HFM Account – A Step-by-Step Guide

To open an account with HFM, Vietnamese can follow these steps:

Step 1. Register

Navigate to the official website and select the option to register from the homepage.

Step 2. Complete Application

Complete the online application and include your complete Country of residence, email address, and password.

Step 3. Receive Email

After registration, you will receive a link to your email.

After completing this process, you will gain access to the MyHF dashboard. This is the administrative center for a demo, live, and other accounts.
Select your account type from the available account options and upload all Know Your Customer (KYC) documents through the MyHF portal. To be accepted as a retail trader, required at least two documents namely proof of identity and proof of residence.
Proof of Identification can be a colored scanned copy (in PDF or JPG format) of your current (not expired) passport. If a legitimate passport is not available, a picture identification card or driver’s license with a comparable design can suffice.

Can I start trading with HFM before my account is fully verified?

No, you cannot. It is best to wait until full verification is complete to ensure compliance and access to all trading features.

Is there a demo account option available for practice with HFM?

Yes, they provide a demo account, allowing traders to practice without risking real money.

How to Close an HFM Account

To close a live trading account with HFM, Vietnamese traders can follow these steps:

Enter your username and password to access your HFM account.
In the top right corner of the screen, select the “Settings” tab.
Then, from the drop-down menu, choose “Close Account.”
To close your account, follow the instructions provided.
If you have any open positions, close them before closing your account.
You can withdraw any remaining funds in your account once your account is closed.

What happens to any remaining funds in my account when I close it?

The broker usually requests that you withdraw any remaining funds before closing your account. If there is a balance at the closure, they will tell you how to return it.

Can I reopen my HFM account after closing it?

If you want to trade again after closing your account, you may need to repeat the account setup process or contact their support team for help reactivating your account.

HFM Vs RoboForex Vs Vantage Markets – Broker Comparison

	🥇 HFM	🥈 RoboForex	🥉 Vantage Markets
⚖️ Regulation	FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions	IFSC	CIMA, VFSC, FSCA, ASIC
📱 Trading Platform	MetaTrader 4 MetaTrader 5 HFM App	MetaTrader 4 MetaTrader 5 cTrader R StocksTrader R MobileTrader	MetaTrader 4 MetaTrader 5 ProTrader Vantage App Vantage Social trading ZuluTrade Myfxbook AutoTrade DupliTrade
💰 Withdrawal Fee	No	Yes	Yes
📊 Demo Account	Yes	Yes	Yes
📈 Minimum Deposit	$0 / 0 VND	$10 / 244450 VND	USD 50 / 1220125 VND
📊 Leverage	1:2000	1:2000	1:500
📊 Spread	0.0 pips	0.0 pips	from 0.0 pips
💰 Commissions	$6 per round turn	$10 per million traded	From $3
✴️ Margin Call/Stop-Out	50%/20%	M: 40% – 60% S/O: 10% – 40%	80%/50%
💻 Order Execution	Market	Market	Market
💳 No-Deposit Bonus	No	yES	No
📊 Cent Accounts	No	No	No
📈 Account Types	Cent Account Premium Account Zero Account Pro Account	Prime Account ECN Account R StocksTrader Account ProCent Account Pro Account	Standard STP Raw ECN PRO ECN
⚖️ SBV Regulation	None	No	No
💳 VND Deposits	Yes	Yes	Yes
📊 Vietnamese Dong Account	No	No	No
👥 Customer Service Hours	24/5	24/7	24/5
📊 Retail Investor Accounts	4	5	3
☪️ Islamic Account	Yes	Yes	Yes
📉 Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
📈 Maximum Trade Size	500 lots	500 lots	Unlimited
💰 Minimum Withdrawal Time	10 Minutes	Up to 1 working day	Instant
📊 Maximum Estimated Withdrawal Time	10 business days	Up to 10 working days	3 – 5 working days
💸 Instant Deposits and Instant Withdrawals?	No	No	Yes

Trading Platforms

offers Vietnamese traders a choice between these trading platforms:

HF App
MetaTrader 4 and 5

HF App

The HFM App is a trading portal with access to MT4 and MT5 platforms. It has a modern design and an easy-to-use interface that allow traders to customize chart types, views, and trading settings. Traders can place orders based on their preferred amount, lots, or units.

The app also allows for simple fund transfers, withdrawals, and deposits. It also includes an economic calendar, which alerts traders to upcoming events.

Furthermore, the HFM App gives users access to educational materials such as webinars for traders of various skill levels and news about their preferred instruments.

MetaTrader 4 and 5

The MT4 and MT5 trading platforms are powerful trading platforms that provide traders with access to financial markets. They include the ability to customize chart types, views, and trading settings and place orders based on desired amounts, lots, or units.

Furthermore, the MT4 and MT5 platforms include an economic calendar that alerts traders to upcoming events.

Can I use automated trading bots on the platforms?

Yes, both MT4 and MT5 support automated trading via Expert Advisors (EAs).

Are there any fees associated with using HFM’s trading platforms?

No, there are no fees. However, although they provide its platforms for free, traders should be aware of potential transactional fees and spreads.

Range of Markets

Vietnamese traders can expect the following range of markets:

Precious Metals
Energies
Spot Indices
Futures Indices
Individual Stocks and Stock CFDs
Commodities
Cryptocurrencies
Bonds
DMA Stocks
ETFs

Financial Instruments and Leverage offered

🔨 Instrument	💰 Number of Assets Offered	📈 Max Leverage Offered
➡️ Forex	53	1:2000
➡️ Precious Metals	6	Gold: 1:2000 Silver: 1:100 Platinum: Floating Palladium: 1:20
➡️ 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

	🥇 HFM	🥈 RoboForex	🥉 Vantage Markets
➡️️ Forex	Yes	Yes	Yes
➡️️ Precious Metals	Yes	Yes	Yes
➡️️ ETFs	No	Yes	No
➡️️ CFDs	Yes	Yes	Yes
➡️️ Indices	Yes	Yes	Yes
➡️️ Stocks	Yes	Yes	Yes
➡️️ Cryptocurrency	Yes	No	Yes
➡️️ Options	No	No	No
➡️️ Energies	Yes	Yes	Yes
➡️️ Bonds	No	Yes	No

Can I trade commodities like gold and oil?

Yes, the broker trades various commodities, including precious metals and energy products.

Are there any restrictions on trading certain markets?

Yes, there might be. While they strive to provide a diverse market offering, some restrictions may apply due to regulatory or regional factors.

Trading and Non-Trading Fees

Spreads

A trader’s account type, the market circumstances, and the financial instrument they choose to trade all affect the spreads they may anticipate. These are the typical spreads by account type:

The spreads offered, vary depending on the account type, market conditions, and the financial instrument being traded. The broker provides four account types: Micro, Premium, Zero Spread, and Pro Accounts. The following are typical spreads by account type:

Cent Account – from 1.2 pips
Premium Account – from 1.2 pips
Zero Account – from 0.0 pips
Pro Account – 0.5 pips

Commissions

Commissions are only applicable to the Zero Account

Overnight Fees, Rollovers, or Swaps

The broker implements overnight fees and swaps for various trading instruments based on market conditions and rates obtained from price suppliers. Here is a breakdown of the overnight fees for different asset classes tailored for Vietnamese traders:

Individual Stocks:
Daily swaps are adjusted according to market conditions and rates provided by price suppliers.
All positions are subject to these swaps, with triple swaps applied specifically on Wednesdays.
Precious Metals (XAU and XAG):
Swaps for XAU and XAG are updated daily in response to market changes and rates from price suppliers.
Vietnamese traders should be aware that triple swaps are applied on Wednesdays.
Swaps for XAU and XAG are denoted as 1 pip per lot.
Energy:
Energy swaps undergo daily adjustments based on market conditions and prices from price providers.
Wednesdays are subject to triple swaps.
USOil and UKOil swaps are specified in US Dollar values, and traders should note this information.
Other Instruments (Indices, Bonds, DMA Stocks, ETFs, Cryptocurrencies):
Swap rates for these instruments are modified daily per market circumstances and rates obtained from price providers.
All positions are subject to these swaps, with quadruple swaps specifically applied on Fridays.

Deposit and Withdrawal Fees

The broker guarantees that no fees will be charged to its clients for any deposit or withdrawal method. It is important to note, however, that bank wire transfers exceeding $100 are fee-free.

Vietnamese traders should be aware that deposits made through bank wire transfers of less than 100 USD based on the current USD/VND exchange rate could be subject to fees.

To ensure a smooth and cost-effective transaction process, we recommend Vietnamese traders take note of these fee exemptions and potential charges when making deposits or withdrawals via bank wire transfers.

Inactivity Fees

After 6 months, they charge a $5 inactivity fee on dormant accounts.

Currency Conversion Fees

Vietnamese traders who deposit or withdraw in VND could face currency conversion fees.

How competitive are spreads compared to other brokers?

The broker offers competitive spreads starting at 0 pips, depending on the account type and market conditions.

How can I view the current spreads for different instruments?

All available instruments’ spreads are displayed in real-time on HFM’s trading platforms.

HFM Deposits and Withdrawals

offers Vietnamese traders the following deposit and withdrawal methods:

➡️ Bank Wire Transfer

➡️ Electronic Transfer

➡️ Credit Card

➡️ Debit Card

➡️ Skrill

Broker Comparison: Deposit and Withdrawals

	🥇 HFM	🥈 RoboForex	🥉 Vantage Markets
⏰ Minimum Withdrawal Time	10 Minutes	Up to 1 working day	Instant
💳 Maximum Estimated Withdrawal Time	10 business days	Up to 10 working days	3 – 5 working days
💰 Instant Deposits and Instant Withdrawals?	No	No	Yes

Deposit Currencies, Deposit and Withdrawal Processing Times

💳 Payment Method	💳 Deposit Processing	💳 Withdrawal Processing
💰 Bank Wire Transfer	2 to 7 working days	2 to 10 working days
💰 Electronic Transfer	Up to 10 min	Up to 2 working days
💰 Credit Card	Up to 10 min	2 to 10 working days
💰 Debit Card	Up to 10 min	2 to 10 working days
💰 Skrill	Up to 10 min	Up to 10 Min

Are there any fees associated with deposits or withdrawals?

The broker does not typically charge deposit fees, but withdrawal fees may apply depending on the method used.

Can I withdraw funds to a different payment method than the one used for depositing?

No, typically, funds are returned to the original payment method, but exceptions may be made under certain conditions.

How to Deposit Funds

Step 1: Go to either the Website.

Navigate to the Login button that is made available at the top of the website.

Step 2: Click on “login” – myHF”.

Click on “login” – myHF” for the following step to become available. Never share this information.

Step 3: Enter your Account ID and password and Click on the Red “Log In” button.

Enter the personal information required and log in to the user account. Aside from great deposit method options, there is a specified minimum deposit amount that is determined by the payment method chosen. Always verify this information with customer support. Traders will typically be allowed to top-up their live trading account from $5.

Step 4: Log in to myHF area and then press “Deposit”.

Once a trader has pressed the deposit button located on the right-hand side of the screen, Payment options will become available.

Step 5: Choose a suitable payment system and click on it.

The payment options available will include Credit/Debit Cards, Bank Transfers, and alternative options.

Step 6: Choose the currency, type the amount of money you want to deposit, and press “Deposit”.

Investors can now select the currency and amount that they wish to deposit.

Step 7: Enter your Bank Card Details as needed and press “Pay”.

Traders will be required to enter their bank account details to complete payment. Once these 7 Steps to deposit a minimum amount have been successfully completed, you will receive an on-screen confirmation.

Can I use multiple payment methods for depositing?

Yes, they accept deposits from various payment methods; however, keep track of them for withdrawal purposes.

Is it safe to provide my banking or card details to HFM for deposits?

Yes, the broker uses advanced encryption and security measures to protect clients’ financial information.

Fund Withdrawal Process

Traders who want to withdraw funds from the trading account can follow these few steps:

STEP 1. Log Into Their “myHF”

Vietnamese can log into their “myHF” portal and select “Fund Withdrawal” from the available options.

STEP 2. Payment Method

Vietnam must select the payment method that they used with their initial deposit and provide the amount they wish to withdraw.

Vietnam must ensure that they have enough funds/free margin in their account before they submit the withdrawal request.

What should I do if my HFM withdrawal hasn’t arrived within the expected timeframe?

For assistance, contact customer service with your withdrawal details to investigate why there is a delay and what can be done.

Are there any daily or monthly withdrawal limits?

Yes, the broker could set limits based on the type of account or regulatory requirements. It’s best to read their terms or contact customer service.

Education and Research

Education

offers the following Educational Materials to Vietnamese traders:

Educational Videos
Training Course Videos
Forex Education
eCourses
Live Webinars
Events
Podcasts

Research and Trading Tool Comparison

	🥇 HFM	🥈 RoboForex	🥉 Vantage Markets
➡️ Economic Calendar	Yes	Yes	Yes
➡️ VPS	Yes	Yes	Yes
➡️ AutoChartist	Yes	Yes	Yes
➡️ Trading View	No	No	Yes
➡️ Trading Central	No	Yes	Yes
➡️ Market Analysis	Yes	Yes	Yes
➡️ News Feed	Yes	Yes	Yes
➡️ Blog	Yes	Yes	Yes

offers Vietnamese traders the following additional Research and Trading Tools:

HF App
VPS Hosting Services
Premium Trader Tools
AutoChartist Tools
Trading Calculators
myHF Client Area
Advanced Insights
Economic Calendar
Traders’ Board
Auto Trading through MQL5
Forex News presented by FxStreet
One-Click Trading
Events
Exclusive Analysis

Can I access HFM’s educational resources without an active account?

While some resources are open to the public, access to exclusive content may necessitate an active account.

Are HFM’s educational materials updated regularly?

Yes, educational content is constantly updated to reflect current market trends and trading strategies.

Bonuses and Promotions

offers Vietnamese traders the following bonuses and promotions:

Merchandise: As a token of appreciation for their loyalty and support, valued traders and partners receive branded merchandise bearing the company’s logo. The complimentary items include a black cap, notepad, T-shirt, pen, keychain, and stress ball.
Trading Rewards Loyalty Program: offers the Trading Rewards Loyalty Program, through which traders earn Bars based on their trading activity. As traders accumulate these Bars, they advance through tiers of rewards, including Red, Silver, Gold, and Platinum. Our clients can exchange Accumulated Bars for cash or trading services, providing additional value and benefits.
Gadget Giveaway: Connect with H on social media to enter the FM Gadgets Contest. By staying up-to-date on platforms, you can enter periodic giveaways for coveted devices such as the PlayStation 5, iPhone 14 Pro Max, GoPro Hero 11, and more.
$1,000 Monthly Cash Prize: recognizes outstanding trading performance with a $1,000 cash prize and an obelisk award each month. The trader with the highest profit is also inducted into the Hall of Fame. In addition, the top ten traders are acknowledged on the Traders Awards page.
Deposit Top-Up Bonus: Customers can increase their trading potential with a 20% bonus on every account transfer up to 114 million VND. This enticing bonus is available to all customers, and profits can be withdrawn without restriction.
Virtual to Real Demo Contest: Vietnamese traders can participate in the exciting ‘Virtual to Real’ Demo Contest, in which 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.

How can I stay updated on HFM’s latest promotions?

Check HFM’s official website or subscribe to their newsletter regularly to receive updates on promotions and offers.

Are HFM bonuses instantly withdrawable?

No, many bonuses have specific trading requirements before they can be withdrawn. Always read the bonus terms and conditions.

How to open an Affiliate Account

To register an Affiliate Account, Vietnamese traders can follow these steps:

Visit the website for Affiliates.
Select the “Become a Partner Now” link.
Fill out the provided application form.
Fill out the application.
A dedicated Partner manager will contact you within 36 hours to introduce you to the Partner Program and fully approve your Partner account.
Your unique Partner link and access to your personalized Partner Room will be provided to you simultaneously.

How are affiliate earnings calculated and paid?

Affiliates earn based on the trading activity of referred clients, with payments typically made monthly via various methods.

Are there any promotional materials provided to HFM affiliates?

Yes, they provide its affiliates with various marketing materials, such as banners, links, and promotional content.

Affiliate Program Features

Affiliate Program is a partnership program that provides competitive commissions, marketing tools, and unparalleled support. The Affiliate Program includes the following features:

Advanced Partner Portal: Affiliates can track their performance, commissions, and other metrics through the program’s advanced partner portal.
Personal account manager: Each affiliate is assigned a personal account manager who provides professional and timely assistance.
Affiliates provides a dependable daily payment schedule on which affiliates can rely.
Unlimited commissions: Affiliates can earn an unlimited number of commissions.
Creative marketing tools and promotional materials: Affiliates provides affiliates with creative marketing tools and promotional materials to assist them in promoting the program.
Revenue sharing: Affiliates provide revenue sharing of 60% or more for referred direct clients and a commission for the sub-affiliates program.
Tracking on multiple levels: The program offers a multi-tier tracking system only available to affiliates.
Customizable rebate and commission program: Affiliates provides a customizable rebate and commission program tailored to the affiliate’s needs.
Auto-rebate system: The program includes an auto-rebate system that allows affiliates to earn a set amount per lot traded on forex and gold by sub-affiliate clients.

How often does HFM pay out affiliate earnings?

Affiliate pay-outs are typically processed monthly, though the exact schedule can vary.

Can I refer other affiliates and earn from their referrals?

Yes, they offer a sub-affiliate system through which you can earn a percentage of the earnings of your referred affiliates.

Customer Support

The broker provides exceptional customer service that is centered on the needs of the customer and is accessible through a variety of contact methods around the clock, five days a week.

Customer Support	HFM Customer Support
☎️ Telephone/WhatApp	Yes
🗺️ Website URL	https://forexbroker.vn/broker-reviews/hfm-review/
👛 Email	Yes
🎓 Customer Service	24/5
📍 Follow Us	Facebook Instagram Twitter Linkedin

Does HFM offer support in multiple languages?

Yes, the broker serves a global clientele and provides customer service in multiple languages.

How long does it typically take for HFM support to respond to queries?

Response times vary, but theystrive to respond to client inquiries as soon as possible, often within a few hours.

Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

8/10

ASIC, FSA

$100

1:400

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:2000

8.4/10

FSA, CySec, FSCA, FSC

$10

1:3000

8/10

FCA, IFSC, CySec, ASIC

1:1000

8/10

FSCA, FSC, FSA

$10

1:400

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

1:2000

8.5/10

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

1:400

8.3/10

IFSC, FSCA, ASIC, CySEC

1:1000

8.2/10

SVGFSA

$25

1:500

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

8/10

$100

1:400

9/10

$10

1:20000

8.4/10

$10

1:3000

8/10

1:1000

8/10

$10

1:400

8.7/10

1:100

8.5/10

1:400

8.3/10

1:1000

8.2/10

$25

1:500

8.1/10

$100

1:500

Corporate Social Responsibility

makes charitable contributions to local communities.
has policies in place to support employee development.
is involved in community projects that benefit the local communities.
actively participates in social initiatives to assist those who are less fortunate.
is committed to reducing its carbon footprint and has implemented water management measures.

Additional Features

Financial Reports

does not currently publish its Financial Reports.

Future Vision

There is no information on there future vision for 2023.

Risk Warning and Disclaimer for Traders

Investing and trading in financial products carry inherent risks, including the possibility of losing the entire investment amount. Adhering to the general principle of trading only in financial products with which you are familiar and proficient is essential.

Before engaging in trading with them or any other platform of a similar nature, it is essential to read and comprehend the associated risk warnings and disclaimers.

Foreign exchange trading involves a high level of risk that may not be suitable for all investors, especially considering the added risk introduced by leverage.

Our Verdict

In our experience, the broker appears to be a reputable forex broker that values its clients and affiliates. According to our investigation, HFM has received positive feedback from traders who have praised the broker’s service quality and secure, regulated trading environment.

Through its charitable donations, social initiatives, and environmental responsibility, HFM has also demonstrated its commitment to corporate social responsibility. In addition, the broker is an excellent option for novice and seasoned traders.

The platform’s assortment of trading software, which includes MT4, MT5, and the HFM Trading App, accommodates various trading preferences and ensures adaptability.

The intuitive interface, advanced features, and trading automation options enhance the trading experience. Lastly, the robust regulatory framework and high trust score provide trading safety.

Pros and Cons

✔️ Pros	❌ Cons
offers flexible account types that cater to all types of traders	restricts negative balance protection according to the region
Vietnamese traders can expect zero-pip spreads	number of account types available has decreased drastically, offering less flexibility
There is no set minimum deposit to register an account	is not regulated in Vietnam
The minimum that can be deposited is $5, which makes HFM accessible to budgets of all sizes	HFM does not offer a VND-denominated account
HFM is well-regulated and is well-known globally	There are limited payment methods for deposits and withdrawals

Conclusion

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.

Now it is your turn to participate:

Do you have any prior experience?
What was the determining factor in your decision to engage?
Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
Have you experienced issues, such as difficulty withdrawing funds, inability to verify regulations, unresponsive customer support, etc.?

Regardless, please share your thoughts in the comments below.

Frequently Asked Questions

What is the minimum deposit?

The minimum deposit required is $0.

What is the maximum leverage offered?

The maximum leverage offered is 1:2000.

How long does it take to withdraw?

Withdrawal times vary according to payment method and can range from 10 minutes to several days.

What types of assets can be traded?

You can trade Forex, metals, energies, stocks, indices, bonds, commodities, DMA stocks, and ETFs.

Does HFM have VIX 75?

Yes, they offer access to the Volatility 75 index, with spreads starting at 0.14 pips.

What trading platforms does HFM support?

The broker supports the MT4 and MT5 platforms and its own Android and iOS 12 trading app.

Does HFM have Nasdaq 100?

Yes, the broker offers trading on the Nasdaq 100 as spot contracts on Indices and Futures contracts on Indices under the name “US Tech 100.”

Does HFM offer a demo account?

Yes, they provide its users with a demo account.

What are the spreads?

The spreads begin at 0.0 pips on major pairs like EUR/USD.

Is HFM Safe or a Scam?

The broker is a reputable and secure brokerage firm with a global industry presence. Traders can rely on HFM for all of their trading needs.

Does HFM support scalping?

Yes, scalping is allowed when trading.

Is HFM regulated?

Several reputable authorities regulate them, including FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA. These regulatory bodies ensure that operates within legal frameworks and adheres to certain ethical standards.

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.

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Vietnamese 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.