What pleased me the most at HotForex is the availability to open a micro account. That is a great possibility for those traders who want to try live account but have lack of experience. The minimum deposit amount is only 5 (!) dollars and the leverage is 1:500. I think this is a suitable conditions to start your way in trading.
Comparatively a decent platform.
From the point of its regulations, then I have no hiccups, those entities which supervise its activity in various regions are well-known ones, so that is the reason why I trust HFM.
Proceeding to trading conditions, then they are also okay. I like their approach to teaching traders, both courses for beginners, intermediate traders and so on are available here and free of any charge.
Trading accounts look good, still, I believe swaps on Premium account could be lower. C'mon guys, it's premium! ~1.5 pips isn't that tight.
I would divide HFM client into two categories: traders and investors.
I believe the broker is more suitable for traders, although it doesn't mean investing opportunities are bad here.
I just think that if you are a skilled trader, you can extract more from these kinds of conditions, like multiple markets and abundance of tradable assets.
Plus take into account the VPS service and algorithmic trading capacity.
Little did I know such brokerage firms exist...
I mean, check out this surplus of different instruments, wide spectrum of assets, a couple of account types with completely different conditions, rather mild requirement for minimum deposit and absence of encumbering fees.
Yeah, the platforms delivered by the company are quite famous, thus, time-proven.
I continue discovering what this broker offers, but so far it left positive impression.
The number of accounts is acceptable for me. No more or less. Zero account seems to be the amongst the all, because it's swap-free.
For a swing trader, there's nothing better than costs reduction via economizing on commissions levied for keeping positions overnight.
Additionally, the minimum deposit requirements isn't set on the account while the leverage is rather big. You can enter even with $10 on hands, but it will be pretty difficult to boost this deposit. If you are aware of how to operate leverages wisely - here you go. The infrastructure affords.
I have been scammed by this HFM and lost £20,000. I tried to mail their customer service team but i didn't receive a response so i decided to send a mail to TRADEREPORT.ORG help me on how I can get my money back
To my mind, HFM broker is lack nothing. There's everything a retail trader needs to accomplish new peaks every day. There's a favorable account types division with a pretty considerable leverage up to 1:2000. Moreover, there are several trading platforms that have differences among each other, but at the same time, from the point of performance they practically don't concede each other.
I endorse HFm broker for further development. It has all chances to break through the list of top-10 brokers of modernity.
Knowing that I was forced to pass through the mill until I find this broker, I am glad to be the part of it.
I am too tired of roaming around the net seeking the broker, they are either too bad, or too good for me.
This is something in between. As I am not an experienced trader, there are conditions for me.
Still, I believe those who are true experts in the field also can find the place under the sun here.
Have almost no quibbles so far.
No need to guess whether this is a reliable company or not because they are regulated by FCA, one of the most strictest and authoritative regulators in the financial industry.
Taking into account the reputation of the HFM broker in trading circles, I should allege that the company is a solid choice for all traders. It doesn't matter what experience you have, if you need, the company can take on educating you., as the range of educational materials is vast.
Besides, experienced traders can enjoy copy trading or multi-account management which can possibly disclose their strong sides and make them even more advanced.
One of the most appealing features of the hfm broker, in my opinion, - copy trading. I was a follower, but now I have gained enough knowledge to become a full-fledged strategy provider. I should say that it's quite easy to become the one if you meet certain criteria like:
- having a working strategy which has already proved its efficiency;
- being confident about what you are doing;
- having an ability to change the approach according to the rapidly changing market climate.
Today I can't boast a big number of followers, but they exist and they trust me.
Been on HFM for a good while. There's almost no downside. Their account variety's a big plus. You got everything from micro for small fry traders to zero spread for the high rollers. What's also important is that they have swap-free trading option available. Ideal for muslim traders who do their business by the compliance rules. Leverage's super high.
Spreads are massively competitive especially if you pick the right account. Zero spread accounts? They're as good as they sound, if you trade big numbers, the commission is paid off easily, no worries
The copy trading with this broker is by far the best I have used. The platform provides customers with every information required to intelligently choose a trader to copy. Furthermore, there are a lot of traders that you could copy. They have different success rates but many of them are pretty successful with their trades.
I think the premium account is the best one and it is really cool that the threshold of minimum deposit starts from 0$ but the spreads sometimes are wider than usual.
I wonder what it is lacking...
Probably, there's everything and current clients of this broker won't let me lie. I trade shares daily, offset risk via investing some money into ETFs like S&P 500 and everything is okay. Leverage comprises just 1:25, I guess... this is the main pitfall. I understand that it's only for the sake of safeguarding laymen's from going red, but at the same time, I wish it could be slightly bigger, like 1:40 or something like this.
But, as for other conditions, then they are flawless. A lot of edu and analytical materials, auxiliary instruments like autochartist and of course advanced trading platform.
I don't really like trading platforms other than MetaTrader 5.
In my opinion, this platform perfectly combines the best qualities of MetaTrader 4 and features of modern custom platforms.
It is good that this broker allows its clients to choose platform they like best. After all, someone may disagree with my choice and choose for example broker's own application.
Since I started using the HFM platform, I have experienced a important change in the way I invest. The platform's user friendly interface makes it easy for me to navigate the financial markets. In addition, the analytical tools and educational resources offered by the platform allow me to analyze the market and make more informed my decisions. However, from time to time, technical issues and difficulties in communicating with customer support have had a negatively impacted my experience. Fixing these issues could make HFM an excellent trading platform!
When trading on my account, I only consider spreads. I try to calculate the profit ratio with regard to the average spreads for the currency pairs I trade.
By the way, spreads at this broker are narrow, which makes my trading almost costless.
I think that not only I feel satisfied with such conditions, but also other clients of this broker.
Most likely that's why HFM has such high rating among traders.
With HFM I have special relationships. We are great partners! :)
It gives me a robust infrastrcture, a lot of instruments for not being lost in such a big industry as trading, some teaching materials, speedy platform, while I give my loyalty instead.
I suppose that this is the approach this broker has captured attention of traders. I daily trade fx majors here with favorable leverage and quick execution, encountering no serious difficulties. Thank you for that, it certainly helps me to evolve.
From the beginning of my interaction with company, I realized that it would bring me success.
Registration and account verification process was simple and at the same time gave me impression of company's reliability.
Tools that company provided me were of excellent quality.
HFM has a rating of 4.1 stars from 106 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with HFM most frequently mention minimum deposit and account types. HFM ranks 8th among Personal Finance sites.