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HFM Rev

HFM Review

HFM  is globally known for transparent trading conditions. Brazilians can trade various financial instruments with leverage of up to 1:2000. It offers ultra-fast execution and is designed to suit the needs of all Brazilian traders.

Updated : June 20, 2024

Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview

HFM Overview

 

HFM operates from its headquarters in Cyprus but has a presence in over 180 countries. It was established in 2010 in Mauritius and, since then, has impacted the CFD and Forex markets.

 

Not only is the broker licensed with CySEC, the regulatory body in Cyprus, but it also complies with laws by entities such as the FCA and FSCA. In addition, HFM has a long list of licenses globally. This ensures a safe trading environment for all traders.

 

The fact that HFM won numerous awards for its exceptional service reinforces its position as a leading broker in the financial arena. One of the broker’s main advantages is the commitment to providing top-notch educational materials and customer service.

 

HFM also offers a range of account types appropriate for Brazilian traders of all skill levels. These include the Cent, Zero, Pro, and Premium accounts.

 

Our research indicated that HFM offers a good selection of about 1,000 CFDs, and due to the fairly cheap spreads, leverage of up to 1:2000 on forex major pairs, and minimal minimum deposit restrictions on some accounts, the broker has a compelling offer for new and more advanced Brazilian traders.

 

Alongside an enhanced MetaTrader 4 and 5 offering and quality research, HFM offers a proprietary copy trading platform that is an advantage to any copy trader.

 

The HFM trading app offers a smooth trading experience with cutting-edge features and tools. Traders can manage their portfolios efficiently regardless of where they are in the world as it is available on desktop and all mobile devices.

 

In addition, Brazilian traders can take advantage of bonuses, promotions, and loyalty programs to enhance their overall trading experience.

 

Is HFM a good choice for beginner traders?

HFM is designed from the ground up to suit the needs of all traders, and it focuses especially on beginner traders.

 

In how many countries does HFM operate?

HFM works in over 180 countries, serving a wide spectrum of clients.

HFM Review At a Glance

📅Established YearYes, deposit bonuses, top-up bonuses, giveaways, affiliate promotions, trader awards, loyalty programs, demo contests, merchandise
🏛Regulation and Licenses24/5
📈Ease of Use RatingMetaTrader 4, MetaTrader 5, HFM Platform
💸BonusesCent, Zero, Pro, Pro Plus, Premium
⌚Support HoursUSD, NGN, ZAR
💻Trading PlatformsFrom 0.0 pips EUR/USD (Zero Account)
🗂️Account Types1:2000
💵Base CurrenciesYes, 50+
📈SpreadsFrom 0.0 pips EUR/USD (Zero Account)
⬆Leverage1:2000
💷Currency PairsYes, 50+
💳Minimum DepositFrom 0 USD for the Cent, Zero, and Premium accounts, 524 BRL ($100) on the Pro account, and 1,309 BRL ($250) on the Pro Plus account
💵Inactivity FeeYes, $5 after 6 months
🌐Website LanguagesEnglish
💰Fees and CommissionsSpreads from 0.0 pips, commissions from $6 per round
👥Affiliate ProgramYes
❌Banned CountriesThe United States, Canada, Iran, Sudan, North Korea, Syria
✏️ ScalpingYes
📌HedgingYes
📊Trading InstrumentsForex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, ETFs
👉 Open AccountOpen Account

Regulation and Safety of Funds

 

HFM Regulation in Brazil

The Securities and Exchange Commission of Brazil (CVM) (Comissão de Valores Mobiliários) is the securities market authority in Brazil. HFM is not regulated by Comissão de Valores Mobiliários (CVM). However, HFM’s global regulations are listed in the table below.

HFM Regulation

 

Global Regulations

🔎Registered Entity🗾Country of Registration📇Registration Number⚖️Regulatory Entity🔢Tier🪪 License Number/Ref
HF Markets SA (PTY) LtdSouth Africa2015/341406/07FSCA2FSP 46632
HF Markets (Europe) LtdCyprusHE 277582CySEC2
HF Markets (Seychelles) LtdSeychelles8419176-1FSA3SD015
HF Markets LtdMauritius094286/GBLFSC3094286/GBL
HF Markets (DICF) LtdDubaiDFSA2183/12
HF Markets (UK) LtdUnited Kingdom11118651FCA1801701
HFM Investments LimitedKenyaCMA2155

 

Protection of Client Funds

👮 Security Measureℹ️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount5 million EUR
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Is HFM regulated in Brazil?

HFM is not regulated in Brazil by The Securities and Exchange Commission of Brazil (CVM), but other global entities regulate it.

 

Does HFM offer negative balance protection?

Yes, HFM does offer traders negative balance protection.

 Awards and Recognition

 

HFM Awards

 

We explored HFM’s website and found that this popular broker has won the following awards recently:

 

  • HFM was named the Best Stock Broker in 2023 at the FX Awards.

 

  • HFM received the Best Online Trading App in 2023 from CFI.CO.

 

  • HFM was awarded the Best Trading Accounts Globally in 2023 by the World Business Outlook.

 

  • HFM was recognized among the Top 100 Companies in 2023 by World Finance Magazine.

 

  • HFM was honored as the Best Trading Platform Broker in 2023 by FX Daily Info.

 

  • During the European Awards, HFM was selected as the Best Forex Broker Globally for 2022.

 Account Types

We were extremely pleased to find that HFM offers Brazilians several flexible account types that should suit various risk tolerances, trading strategies, and trader experience levels.

 

Let’s have a look at the different account’s main features.

 

HFM Account Types

 

Cent AccountPremium AccountZero AccountPro AccountPro Plus
➕➖AvailabilityAll traders; ideal for beginnersAll traders; ideal for more experienced tradersAll traders; ideal for scalpersAll; ideal for experienced tradersAll; ideal for professionals who want more competitive conditions
💻MarketsAllAllAllAllAll
💰CommissionsNoneNone$0.03 per 1,000 units tradedNoneNone
🚉PlatformsAllAllAllAllAll
📊Trade SizeFrom 0.01 lots – 7 standard lotsFrom 0.01 lots – 60 standard lotsFrom 0.01 lots – 60 standard lotsFrom 0.01 lots – 60 standard lotsFrom 0.01 lots – 60 standard lots
📉Leverage1:20001:20001:20001:20001:2000
💵Minimum Deposit0 BRL ($0)0 BRL ($0)0 BRL ($0)524 BRL ($100)1,309 BRL ($250)

 

HFM Cent Account

Novice Brazilian traders will benefit from the HFM Cent Account’s beginner-friendly features. The account offers trading in cent lots. Cent lots, which are 1,000 units or 0.01 of a standard lot, are the smallest trading units available on this account.

 

No minimum deposit is required on this account, and variable spreads start at 1.2 pips, making this account accessible for many traders.

 

Traders who follow Sharia law also have the option to convert this account to an Islamic Account. The account offers flexibility and simplicity and is available on all the trading platforms with HFM.

 

HFM Premium Account

The HFM Premium Account offers a diverse array of assets outside Forex, including commodities and energy, and gives flexible spreads starting at 1.2 pips and leverage up to 1:2000. Brazilians who are at ease with conventional lot sizes and who value a broad portfolio might like this account.

 

The account has no minimum deposit requirement and supports a wide range of trading instruments that can be accessed through the MT4 and MT5 platforms and the HFM proprietary app.

 

HFM Zero Account

The HFM Zero Account is designed for the more experienced Brazilian traders, skilled in high-frequency trading and scalping. Where the previous accounts charge no commission, the Zero account offers a commission-based pricing structure from $0.03 per 1k lot.

 

It offers extremely low bid-ask spreads, beginning at 0 pips, and a maximum leverage of 1:2000. The minimum deposit requirement is 0 BRL ($0), so Brazilian traders can increase the size of their trading positions.

 

HFM Pro Account

The HFM Pro account offers leverage up to 1:2000 and ultra-low spreads at 0.6 pips. This account is ideal for the more advanced Brazilian traders.

 

A minimum deposit of 524 BRL ($100) and no commission charges are required. The account also supports trading in larger volumes, with the ability to hold up to 60 standard lots per position and 300 simultaneous open orders.

 

HFM Pro Plus Account

The HFM Pro Plus Account ultimately offers the best trading conditions for Brazilian traders. It is an extension of the Pro Account and is designed for institutional and experienced traders.

 

The minimum deposit requirement is 1,309 BRL ($250), with spreads as low as 0.2 pips and leverage up to 1:2000. With the HFM Pro Plus account; you can trade up to 60 standard lots per position simultaneously, enabling high-volume trading.

 

HFM Demo Account

Brazilian traders who are newbies to the forex trading world will be glad to know HFM offers a demo account with $100,000 in virtual funds to practise trading with.

 

Traders can experiment with different strategies and position sizes without risking their own money. The platform is user-friendly and offers an array of capabilities and tools.

 

Traders can compare spreads, commissions, and execution times by switching between the various account types in the demo.

 

HFM Islamic Account

Islamic traders in Brazilian would be pleased to know that HFM offers the option to open a swap-free trading account with the same features as all the live account types.

 

This account complies with Sharia law, which means it does not accrue interest on overnight swaps or rollovers per Islamic law.

 

With the HFM Islamic account, you can trade indices, commodities, and Forex in real-time with all other trading products on the site.

 

However, several instruments may face charges after a position has been rolled over for several days.

 

Who is the HFM Cent Account most appropriate for?

The HFM Cent Account is ideal for beginner traders in the forex trading world.

 

Does HFM offer the option of opening an Islamic Swap-free account?

Yes, HFM does offer those who follow the Muslim faith the option to open an Islamic Swap-free account.

How To Open a HFM Account

HFM has one of the easiest account registration processes we’ve encountered, especially for Senegalese traders. Here’s how you can register with HFM to access over 1,000 instruments across platforms:

 

Step 1 – Visit the official website of HFM and Select Register.

 

Once you’ve chosen your account type, go to the HFM homepage. Look for a huge green banner that says “Register.” This is where your registration process will start.

 

HFM Step 1 - Select Register

 

Step 2 – Click on Register.

Alternatively, if you already know what account type you want, skip this step and click the “Register” button in the upper right corner next to the “Login” button.

 

HFM Step 2- Click on the home page register option

 

Step 3 – Complete Registration

The registration form is straightforward. You’ll need to submit personal information such as your full name, email address, phone number, and birth date. Always ensure that your personal information matches your government-issued ID for verification.

 

HFM Step 3 - Complete Registration

 

Examine HFM’s terms and conditions and risk disclosure disclosures carefully. Once you’ve read and agreed to the terms, check the appropriate box(es) before continuing. After completing all the steps and verifying your information, click the “Submit” button. HFM will then process your application.

 

How long does HFM verification take?

The verifications department will check your documents within 48 hours.

 

What payment methods can I use to fund my account?

HFM accepts bank wire transfers, credit and debit cards, and Skrill.

Broker Comparison

HFMJustMarketsTickmill
🏛️RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsCySEC, FSCA, FSA, FSCSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA
📊Trading PlatformMetaTrader 4
MetaTrader 5
HFM Mobile App
MetaTrader 4
MetaTrader 5
Just Markets App
MetaTrader 4
MetaTrader 5
Tickmill App
CQG
💵Withdrawal FeeNoNoneNo
💻Demo AccountYesYesYes
💴Min Deposit0 BRL ($0)53 BRL ($10)529 BRL ($100)
📌 Leverage1:2000Up to 1:30001:1000
✏️Spread0.0 pipsFrom 0.0 pipsVariable, from 0.0 pips
💰Commissions$6 per round turn$6 per lot traded$3 per side per 100,000 traded
🤙Margin Call/Stop-Out50%/20%40%/20%100%/30%
👉Order ExecutionMarketMarketMarket
❌💵No-Deposit BonusNoYesYes
🛅Cent AccountsNoYesNo
🗄️Account TypesCent Account
Premium Account
Zero Account
Pro Account
Pro Plus Account
MT4 Standard Cent Account
MT4 Standard Account
MT4 Pro Account
MT4 Raw Spread Account
MT5 Standard Account
MT5 Pro Account
MT5 Raw Spread Account
Raw Account
Classic Account
⚖️FSC RegulationNoNoNo
💵TWD DepositsNoYesNo
🗄️TWD AccountNoYesNo
🧑‍💻Customer Service Hours24/524/724/5
🏪Retail Investor Accounts572
☪️Islamic AccountYesYesYes
📉Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈Maximum Trade Size500 lots100 lots100 lots
⌚Minimum Withdrawal Time10 Minutes1 – 3 hours1 Business Day
⌛Maximum Estimated Withdrawal Time10 business days6 banking days2 to 7 Business Days
⏱️Instant Deposits and Instant Withdrawals?NoYes, depositsInstant deposits
👉Open AccountOpen AccountOpen AccountOpen Account

Trading Platforms

Although HFM does not offer an array of trading platforms, those are more than sufficient. Its HFM Platform App is also highly recommendable.

 

In the sections below, we researched these platforms to discover how they can benefit Brazilian investors.

 

HFM Trading Platforms

 

MetaTrader 4

The MT4 trading platform will fit the needs of most traders globally and there should be no difference for beginner or professional traders in Brazil.

 

Brazilin traders who enjoy and thrive on technical analysis will find the various charting choices available on the platform, which includes a broad variety of periods and technical indicators, very useful.

 

Brazilian traders will benefit from fast execution times and low latency trading when they have to act swiftly in volatile markets.

 

MT4 also offers automated trading using Expert Advisors (EAs), which can be very helpful. This would allow traders to execute deals at good pricing, which could increase their profit margin.

 

MetaTrader 5

Globally known for being the revised version of the MT4 platform, MT5 is the better option because it offers more advanced capabilities than its predecessor.

 

MT5 also offers a more diversified trading opportunity due to its wider variety of asset classes. It also allows netting and hedging solutions that fit some Brazilians’ trading styles.

 

The market depth tool and integrated economic calendar in MT5 also provide the facts you need to make choices in real-time.

 

Another added bonus was the Depth of Market (DOM) function, which delivers real-time market depth data, proving useful in understanding market dynamics and allowing traders to make sound trading decisions.

 

HFM Platform

Brazilian traders who like trading on the go will find the HFM Platform, a dedicated mobile App, a great alternative.

 

Our research revealed that the app is user-friendly straightforward, and provides quick access to all administration features such as account management, trading tools, and market news features.

 

The charting features of the app allow Brazilian traders to evaluate markets, keep tabs on their portfolios, and easily execute transactions.

 

It also incorporates advanced security features, including biometric verification, to provide a secure trading environment. This is very important in today’s fast financial world where hackers can cause much damage to your capital.

 

Can I try out MetaTrader 5 with a demo account?

Yes. You can open an MT5 demo account.

 

Can I trade on both MT4 and MT5 in parallel with HFM?

Yes. If you have an MT4 and an MT5 account, you can trade on both platforms, provided you have completed any required downloads and installations.

Range of Markets

HFM Leverage and Margins

 

🔑Instrument🖱️Number of Assets Offered✏️Max Leverage Offered
📈Forex50+1:2000
🗝️Precious Metals6Gold: 1:2000
Silver: 1:100
Platinum: Floating
Palladium: 1:20
📍ETFs331:5
💹Indices121:200/1:500
📊 Stocks501:14
🪙Cryptocurrency401:50
💡Energies21:200
📇Bonds31:50
🔍Commodities51:66
💴DMA Stocks1991:5

 

Leverage and Margin

HFM offers a maximum leverage of 1:2000 and, in doing so attempts to give more trading flexibility while guaranteeing organized risk management for Brazilian traders.

 

With the high leverage, traders can increase their holdings with very little initial cash. Traders should, however, keep in mind that with high leverage, the opposite can also apply, and they may lose huge amounts of money.

 

Our research also showed that the account type and the asset class determine the different margins required. For example, a $1,000 margin is needed for a typical $100,000 Forex transaction when using 1:100 leverage.

 

HFM additionally sets up stop-out levels at 20% and margin call notifications at 50% to keep traders from suffering losses beyond their original deposits.

 

What is the leverage while trading stocks on HFM?

HFM provides up to 1:14 leverage for trading stocks.

 

How many currency pairs can Brazilians trade with HFM?

HFM offers trading on 50+ currency pairs, including major, minor, and exotic ones.

 Spreads and Fees

HFM Spreads and Fees

 

HFM Spreads

We found that spreads offered in the live accounts types are tight and start at 0.0 pips on some accounts.

 

Spreads on the Cent and Premium accounts on a popular currency pair like USD/EUR start at 1.2 pips, which is quite competitive, especially since no minimum deposit is required for these two account types.

 

For instance, no minimum deposit is required for the Cent and Premium accounts, and spreads on popular currency pairings like EUR/USD start at 1.2 pips, which is fairly competitive.

 

No minimum deposit is required on the Zero Spread account, and spreads start from 0.0 pips. However, there is a commission charge of $3 per round lot.

 

Experienced traders should opt for the Pro and Pro Plus accounts, offering tighter spreads from as low as 0.5 and 0.2 pips, alternatively on the popular USD/EUR currency pair.

 

HFM Commissions

HFM does not charge commissions on its live account types, except the Zero Account, where Brazilians can expect to pay $0.03 per 1,000 units traded.

 

The other accounts, Cent, Premium, Pro, and Pro Plus, do not charge commissions but wider spreads. The fee structure of HFM is open and transparent, which is a good sign for any trader who wants to trade through the HFM platform.

 

HFM Overnight Fees

With most brokers, positions kept open beyond 00:00 GMT are subject to swap rates or overnight fees. HFM is no exception, and depending on the difference in interest rates between any two currencies, these rates can be either positive or negative.

 

Brazilian traders can use the swap calculator on the HFM website to estimate these swap fees. Traders with Islamic Swap-free accounts are exempt from paying these rollover fees.

 

HFM Deposit and Withdrawal Fees

HFM offers the usual payment methods expected from most brokers, and the advantage of this broker is that there are no deposit charges fee charges.

 

The only requirement in the withdrawal process is that a minimum amount of 523,76 BRL ($100) is met, for which there will also be no withdrawal costs.

 

However, traders should keep in mind that whoever they choose to be their banking provider, there might be fees charged by these institutions.

 

HFM Inactivity Fees

We discovered that If an account is unused for six months and one year, a small fee of $5 is charged.

 

HFM Currency Conversion Fees

Brazilian traders should note that they cannot fund their trading account with HFM with Brazilian Real (BRL). This means that if they do, currency conversion fees will apply.

 

This charge covers the costs of exchanging funds across currencies, and while it is not clearly stated on the broker’s website, it is usually a modest fraction of the transaction value.

 

On which accounts can Brazilian traders expect to pay a commission fee?

 

The only account that requires a commission of $3 per round lot is the Zero Account.

 

Does HFM charge a withdrawal fee?

HFM does not charge any fees on withdrawal requests unless you withdraw less than $100.

HFM Deposit & Withdrawal Options

HFM offers several universal payment methods unique to every region, allowing Brazilians to deposit and withdraw in the base currencies accepted.

 

HFM Deposit and Withdrawal

 
💰Payment Method🌎Country💱Currencies Accepted⏰Processing Time
Bank Wire TransferAllDepends on region2 – 10 days
Electronic TransferSouth AfricaDepends on region10 minutes – 2 days
Credit CardAllDepends on region2 – 10 days
Debit CardAllDepends on region2 – 10 days
SkrillAllDepends on region10 minutes – 2 days
CryptoAllMulti-currencyInstant – 24 hours
 

HFM Deposits

How to Deposit using Bank Wire Step by Step

  • Log into your HFM trading account and go to the “Deposit” section.

  • Choose “Bank Wire Transfer” as your deposit method.

  • Enter the desired deposit amount and select the currency.

  • Provide your bank account details and any other information required.

  • HFM will, in turn, provide you with the bank wire instructions and a reference number.

  • Review the details to ensure accuracy before submitting your deposit request.

  • The deposited funds will be credited to your trading account within 2-10 business days.

 

How to Deposit using Credit or Debit Card Step by Step

  • Log into your trading account with HFM, and go to the “Deposit” section.

  • Choose “Credit/Debit Card” as your deposit method.

  • Provide the desired deposit amount and select the currency.

  • Enter your credit or debit card details, including the card number, expiration date, and CVV/CVC code.

  • Review the information before submitting your deposit request.

  • The funds should be reflected in your account immediately.

 

How to Deposit using Cryptocurrency Step by Step

  • Log into your trading account with HFM and go to the “Deposit” section.

  • Choose a cryptocurrency for your deposit.

  • HFM will provide a wallet address to send your cryptocurrency funds.

  • Initiate the transfer from your cryptocurrency wallet or exchange.

  • Review the transaction on the blockchain and submit your request.

  • Your funds will be added to your HFM trading account within 24 hours.

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

  • Log into your trading account with HFM and go to the “Deposit” section.

  • Choose an e-wallet or your deposit method.

  • Provide the deposit amount and choose a currency.

  • Provide your preferred e-wallet account information.

  • Review the details before submitting your deposit request.

  • The funds will be deposited into your HFM trading account within a few minutes or up to 2 business days.

 

HFM Withdrawals

How to Withdraw using Bank Wire Step by Step

  • Log into your account from the HFM website and go to “Withdrawal.”

  • Choose “Bank Wire Transfer.”

  • Provide your withdrawal amount and currency.

  • Enter your bank account details.

  • Review the details before submitting your withdrawal request.

  • The funds would reflect in your account within 1 to 3 business days.

 

How to Withdraw using Credit or Debit Cards Step by Step

  • Log into your account with HFM and go to “Withdrawal.”

  • Choose the credit/debit card option.

  • Provide your withdrawal amount and currency.

  • Provide any information and details required.

  • Submit the withdrawal request.

  • The funds would reflect in your account within 2 to 10 business days.

 

How to Withdraw using Cryptocurrency Step by Step

  • Log into your account with HFM and go to “Withdrawal.”

  • Choose your preferred cryptocurrency for the withdrawal.

  • Enter the amount you want to withdraw and select a withdrawal currency.

  • Check the details and submit your request.

  • The cryptocurrency will be reflected in your account within 24 hours.

 

How to Withdraw using e-Wallets or Payment Gateways Step by Step

  • Log in to your account with HFM and go to “Withdrawal.”

  • Choose the e-wallet method for the withdrawal.

  • Enter the amount to withdraw and choose your preferred currency.

  • Provide your e-wallet or payment gateway account details.

  • Check the details before submitting your withdrawal request.

  • The funds would reflect in your account within 10 minutes.

 

How long does it take to process deposits on HFM?

Deposits are handled immediately or within two business days, depending on the method chosen.

 

Can Brazilians make deposits in BRL?

No, HFM does not accept deposits in Brazilian Real (BRL).

Educational Resources

HMF provides quite a comprehensive selection of educational and research tools for Brazilian traders.

 

HFM Education

 

Type of EducationInformation
📅Economic CalendarYes
✴️VPSYes
🕹️AutoChartistYes
📈Trading ViewYes
📊Trading CentralYes
📉Market AnalysisYes
🗞️News FeedYes
💻BlogNo
📚eBooksNo
📼Educational VideosYes
🛫Platform TutorialsYes
👨‍💻WebinarsYes
💼SeminarsYes
👩🏾‍💻Live SupportYes
👉 Open AccountOpen Account

 

Some additional tools and resources available from HFM include the following:

  • Advanced Insights

  • Events

  • Trading Classes

  • Podcasts

  • Online Trading Courses

  • Trading Course Videos

 

Does HFM provide podcasts?

Yes, HFM provides podcasts where the HFM Advisor Team shares their experiences, provides some insights into the personal finance topics of the day, and even shares the mic with guests from its network of outside professionals.

 

What is Autochartist, and how does HFM use it?

Autochartist is a market analysis tool for identifying trading opportunities, and HFM provides this tool to help traders make informed decisions.

Bonuses and Promotions

HFM Bonus and Promotions

 

Brazilians will find that HFM is committed to allowing traders to boost their capital and increase their profit potential by providing many bonuses and promotions. This is what we found on their website.

 

HFM Merchandise

HFM offers special products branded with their logo to dedicated Brazilian traders and partners. It promotes gratitude by selling high-quality items like apparel, accessories, and electronic devices, enhancing trading satisfaction and loyalty.

 

HFM Demo Contest

HFM’s “Virtual to Real” Demo Contest allows traders to showcase their skills without risk. The monthly competition aims to use demo accounts to reach top spots and win real trading incentives. Winners receive prizes of $2,000, $1,000, or $500, suitable for both novice and seasoned traders. All HFM clients are welcome.

 

HFM Loyalty Program

The HFM Loyalty Program rewards traders for consistent trading, offering cash, credit incentives, or trading services through HFM Bars earned with every deal. Benefits increase with each level, ranging from Red to Platinum, proportional to trading days and volume.

 

Traders Awards 2025

HFM awards the Traders Awards monthly to the top traders in Brazil, offering a Crystal Obelisk and a $1,000 cash reward for the highest percentage gain, promoting excellence and public recognition within the trading community.

 

HFM Gadget Giveaway

The HFM Gadget Giveaway is a free draw offering high-quality gadgets to all qualified traders to enhance their trading experience and express gratitude for their dedication to the latest cell phones and accessories.

 

Elite Affiliate Promotion

HFM’s referral program allows affiliates to earn big income by recommending new traders. This tiered incentive scheme, particularly in Brazil, encourages top-performing affiliates to successfully market HFM due to the influence of the large network.

 

Olympic Games Hype

HFM offers special bonuses and contests for major athletic events like the Olympic Games, providing traders with cash incentives and unique products. These promotions, particularly for Brazilian traders, offer a vibrant and entertaining trading atmosphere during these global events.

 

20% Top-up Bonus

The 20% Top-up Bonus offers traders a competitive edge by doubling their initial investment, enabling larger positions and increased market exposure. To qualify, Brazilians must deposit funds into their HFM account, which is immediately credited.

 

100% Supercharged Bonus

The 100% Supercharged Bonus doubles the deposit amount for Brazilians to maximize their trading potential. This allows them to increase transaction size and earnings. However, a minimum trading volume is required to receive the full bonus.

 

Can you purchase merchandise with the HFM logo on it?

Yes, but it is only offered to loyal traders and partners of HFM.

 

Does HFM offer a sign-up bonus for new traders?

Yes, HFM does offer a sign-up bonus for first-time clients who sign up with the firm.

Affiliate Programs

In addition to all the bonuses and promotions offered by HFM, we also discovered that it has a lucrative affiliate program. We take a look at the features below.

 

HFM Affiliate Program

 

Features

The affiliate program offered by HFM presents a reliable and potentially profitable opportunity for Brazilians who wish to capitalize on their connections in the trading community.

 

It is also known in the trading community that the HFM Affiliates program is one of the leading programs in the industry, featuring competitive commissions, marketing tools, and exceptional support.

 

The program offers a highly competitive rate of up to $30 commission per lot on trades made by clients referred by Brazilian partners, making it a very attractive option to generate income.

 

An impressive aspect of the program is its daily payment schedule, guaranteeing affiliates a steady and dependable income.

 

HFM allows Brazilians to earn commissions from the activities of the affiliates they have recruited of up to two levels. We believe this multi-tiered system can greatly enhance earning opportunities for affiliates in Brazil.

 

HFM also assists its affiliates through its specialized partner team. This team ensures that affiliates have the essential tools and information for success.

 

How to Register an Affiliate Account with HFM Step-by-Step?

  • Go to the official HFM website and click on the “Become an Affiliate” option in the upper right corner of the homepage.

  • Read all about the partnership option on the HFM partnership page. This section contains comprehensive information on the benefits and features of being an HFM affiliate in Brazil.

  • Then, you can click the “Become an Affiliate Now” banner to load the registration form.

  • Complete the form by providing your name, email address, phone number, and country of residence.

  • You’ll also need to create a strong password and ensure it fits HFM’s security guidelines.

  • Before ticking the box agreeing to the terms and conditions, read it carefully.

  • You’ll also need to provide additional information about the channels you plan to promote HFM and your marketing experience. This information should be clear and correct, as it will increase your chances of being approved for the affiliate program.

  • Upload any necessary documents to verify your identity. That is usually required to fulfill the KYC process.

  • Submit your request and all documentation for HFM to review.

  • Once your application is approved, HFM will send you a confirmation email. This email will provide information for accessing your affiliate dashboard.

  • You can now begin to use all the promotional materials provided to start earning extra money.

 

What is the process for becoming an HFM affiliate in Brazil?

To become an HFM affiliate, Brazilians must register on the HFM website, provide the required information and documentation, and have their application approved.

 

How do you get paid as an affiliate?

Affiliates earn money through commissions by promoting products or services and driving leads or sales for HFM.

Customer Support

🖳Customer SupportHFM Customer Support
🕰️Operating Hours24/5
🎗️Support LanguagesMultilingual
💬Live ChatYes
📧Email Address[email protected]
☎️Telephonic SupportYes
📱The overall quality of XM Support4/5

 

HFM Customer Support

 

HFM Response Time

 

🖳Support ChannelAverage Response TimeUser-based Response Time
☎️Phone5 – 10 minutes5 minutes
📧Email 1 working daySame-day
💬Live Chat5 minutes1 – 4 minutes
📱Social Media5 minutes2 – 5 minutes
🧑‍🤝‍🧑Affiliate5 – 10 minutes5 minutes
👉 Open AccountOpen Account

 

Can you contact HFM through social platforms?

Yes, traders can contact HFM on Facebook, Twitter, Telegram, Instagram, YouTube and LinkedIn.

 

In what language does HFM deal with client support?

HFM provides support in multiple languages.

Social Responsibility

 

Corporate Social Responsibility

 

Beyond providing financial services, we found that HFM’s dedication to social responsibility extends far and wide. Their projects demonstrate a genuine commitment to give back to the communities they serve while also taking a global perspective.

 

After navigating to HFM’s website, we perused the CSR area, which can be accessed by going to the top menu, hovering over “Company,” and then clicking “Social Responsibility.” The charitable activities of HF Markets Group are highlighted here through a range of projects.

 

Backing Neighbourhood Organizations

When helping the people of Larnaca, Cyprus, HFM does not stand back to let others do the hard work.

 

Some of HFM’s contributions have gone to the Larnaca Lions Club, which emphasizes helping others and giving back to the community. Donating gifts to hospitals and charities has also provided joy to youngsters over the holiday season.

 

Extending Influence Around the World

Significant donations to international organizations have been made by HFM, demonstrating a larger sense of social responsibility.

 

Some examples of these organizations and the causes they support include the Rainforest Alliance’s work to protect the Amazon rainforest and the World Health Organization’s attempts to combat the COVID-19 epidemic.

 

Furthermore, donations to the Sophia Foundation for Children in Kenya, an organization working to improve the lives of disadvantaged and orphaned children, have also contributed to HFM’s efforts to improve children’s well-being.

 

Forming Alliances

Beyond financial contributions, HFM’s dedication to social responsibility has no bounds. They hope to form enduring partnerships with organizations like the Red Cross so that their combined efforts can make a difference in the world.

10 Best Forex Brokers in Brazil

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

Read Review

CySEC, MWALI, FSCA

$25

#4

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#5

FSCA, FSC, ASIC, CySEC, DFSA

$5

#6

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

$0

#7

FSA, CySEC, FSCA, FSC

$10

#8

ASIC, CySEC, FSCA, FSA

$100

#9

CySEC, FCA, FSA, FSCA

$100

#10

Read Review

FCA, CMA, FSC

$200

#1

$100

Minimum Deposit

#2

$0

Minimum Deposit

#3

$25

Minimum Deposit

#4

$10

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$100

Minimum Deposit

#9

$100

Minimum Deposit

#10

$200

Minimum Deposit

Conclusion

After our intensive review of HFM, it is clear that its offering will suit the trading abilities of newbies and more experienced traders in Brazil.

 

Even though HFM is not directly regulated in Brazil by The Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários), it is strictly regulated by numerous regulatory bodies and committed to providing a safe and customizable trading platform.

 

The platform offers a good combination of strengths and opportunities for traders looking for a forex and CFD broker that caters to traders from Brazil.

 

The broker offers a wide range of trading accounts, tight and competitive spreads, and substantial leverage options up to 1:2000. HFM doesn’t charge deposit or withdrawal fees; most accounts are also commission-free.

 

We found that HFM caters not only to newbies through offering a demo account, but also to traders following the Muslim faith through the option of opening an Islamic Swap-free account.

 

The HFM Platform, MetaTrader 4, and MetaTrader 5 provide Brazilian traders with powerful tools for managing their portfolios and placing trades. Our research also indicated that HFM is committed to providing educational tools displayed through webinars, tutorials, and market research.

 

The broker’s strongest points are reliable customer support, competitive trading conditions, and flexible trading solutions. However, some drawbacks need to be mentioned. Firstly, we confirmed that none of the accounts support BRL as a base currency, which entails payment of currency conversion fees.

 

Secondly, the restricted number of tradable instruments offered by HFM can put off traders who are looking for more options than only Forex and CFDs.

 

However, despite these drawbacks, HFM is still a good choice for Brazilian traders mostly interested in trading Forex and CFDs.

Our Insight

  • Giving Senegalese traders access to a wealth of educational resources in French would allow them to improve their trading skills in a more familiar language.
  • With more people using their phones to trade forex and CFDs, HFM needs to invest in improving its proprietary app. More Senegalese traders who prefer mobile trading can be attracted if the HFM mobile platform is optimized for Senegalese smartphones.
  • Even while bank transfers are available, it would be more convenient for Senegalese traders if popular e-wallets and regional payment solutions could be integrated. This would also allow the platform to possibly attract more users.

 

Our Recommendations

HFM’s offering is quite attractive to Brazilian traders. However, we’ve identified some areas where improvements can be made, especially in catering more specifically to Brazilians:

 

  • Adding BRL currency pairs and Brazilian stocks and indices to the list of tradable instruments would appeal to traders interested in local markets.

  • Providing trading accounts in Brazilian Real (BRL) would save Brazilian traders from the hassle of currency conversion and help them reduce transaction costs.

  • Provide Brazilian traders with spreads and leverage options designed to meet their specific preferences and needs

  • Offering specialized phone support lines for Brazilian clients can improve the availability of immediate support.

  • Make sure that deposits and withdrawals through local banks are processed efficiently and without extra charges.

HFM Pros & Cons

✅Pros❌Cons
Five life account types are offered to BraziliansFew base currencies are offered
Offers a demo and Islamic Swap-free accountDoes not allow BRL as the base currency
Client funds are kept in segregated accountsNot regulated in Brazil
No deposit fee chargesCurrency conversion fees apply
HMF has won many awards, which is a clear indication that it offers a good serviceCharges an inactivity fee
Offers leverage up to 1:2000Spreads offered are too wide
Strictly regulated through several reliable regulatory bodiesNo web app for trading besides the MetaTrader suite and HFM Platform
A wide variety of educational tools providedTrading costs exceed the industry average across all account types except for its commission-based Zero account.

 

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Frequently Asked Questions

 

How do I log in to the trading platform with HFM?

You must use the login details you received on your registered email address after creating a Live or Demo trading account. You will need to enter the trading account number and your password.

 

What type of leverage can I obtain from HFM in Brazil?

HFM provides some high leverage of up to 1:2000.

 

Do I have to provide any documents to HFM to open an account?

Yes, to open any live accounts you need to submit two documents to accept you as an individual client: proof of identification and proof of residential address.

 

How fast can I withdraw money from HFM in Brazil?

Withdrawals are processed as received; some are instant, and some can take a few days, depending on the withdrawal method and your bank’s procedures.

 

What is the minimum funding requirement to open an account?

The minimum initial deposit depends on the account type selected. There is no minimum deposit requirement on the Cent, Premium, and Zero accounts.

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