HF Markets PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of HF Markets and figure out what is suitable for traders.
Pros
- Offer various account types
- Copy and Pamm accounts are available.
- 35 USD, No Deposit Bonus
- Low base currency spreads
- 24-hour service support
- Deposit from as little as 5 USD
- No deposit and withdrawal fees
Cons
- Evidence of deposit and withdrawal must be kept. Otherwise, such deposits and withdrawals may not be accepted after more than 24 hours.
- Swap fee is expensive.
- Withdrawals take a long time
FREE VPS HF Markets INFORMATION
HF Markets does not offer both Deposit Bonus and No-Deposit Bonus for traders.
Free VPS HF Markets
HF Markets charges $30 per month for VPS usage from customers who do not meet the deposit and trading requirements. For customers who can use Free VPS, the conditions are as follows:
HF Markets SPREAD AND SWAP
1. HF Markets SPREAD
Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.
HF Markets offers six account types: Micro Premium Zero Spread, Auto Account, PAMM Account, HFcopy Account. To assess the broker’s spread and swap, we conducted a test of the spread check including commission cost. In order to compare the commission-free brokerage from all 4 types of accounts in real-time situations at different times, then averaged spread data is obtained as follows;
Currency | MICRO (MT4) | PREMIUM (MT4) | AUTO (MT4) | ZERO (MT4) |
---|---|---|---|---|
XAU/USD | 64 | 64 | 64 | 64 |
EUR/USD | 14 | 14 | 14 | 9 |
USD/JPY | 19 | 19 | 19 | 9 |
GBP/USD | 19 | 19 | 19 | 10 |
USD/CHF | 21 | 21 | 21 | 15 |
USD/CAD | 22 | 22 | 22 | 15 |
AUD/USD | 17 | 17 | 17 | 13 |
NZD/USD | 22 | 22 | 22 | 12 |
2. HF Markets SWAP
The daily cost of holding a trader’s position when trading with HF Markets is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. HF Markets COMMISSION
OTHER HF Markets INFORMATION
HF Markets broker, year unknown. However, since the author entered the trading industry more than 10 years ago, HF Markets has entered the market. HF Markets does not obtain much of the market segment. Nevertheless, HF Markets is another broker that offers options in the Asian region with accountable credibility
HF Markets is financially registered with the country in which its office is located with the following information:
- HF Markets (UK) Ltd. is registered with the UK FCA.
- HF Markets (DIFC) Ltd is registered with DFSA, United Arab Emirates.
- HF Markets SA (PTY) Ltd. is registered with FSCA in South Africa.
- HF Markets (Seychelles) Ltd. is registered with the FSA, Republic of Seychelles.
HF Markets ACCOUNT USAGE
Opening a HHF Markets account can be done through the Platform. However, there are support services available as well which can be contacted through Support.
1. HF Markets FOREX Account Opening Documents
Documents required to open a trading account with HF Markets include:
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- Identity verification documents is ID card or passport.
- The address verification document must match the address shown on the identity card, a copy of the house registration is recommended.
2. HF Markets Account Types
There are several types of HF Markets trading accounts, which can be compared with Hotforex account types as follows:
The table shows the account types of HF Markets Account
There are some of the HF Markets account types that have a commission for the service. You can find the comparison of the pros and cons between other brokers on the Forex Broker Comparison page.
HF Markets Support Service
We conducted a test of communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem-solving intention, not just sending links to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems;
“Overall, the disadvantages of HF Markets’s Support are; it is difficult to contact, Live Chat asks to send questions to Email and then Email to send questions in Line.”