HF Markets South Africa Review
For South Africa
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | ZAR 90 |
| Base Currencies | DZD, USD, EUR, GBP |
| EURUSD Spreads | 1.4 |
All Reviews
Customer support is so good
Gotta love the customer support, they are so friendly. The beginner education is also excellent.
they say they have naira account but when you open...
they say they have naira account but when you open an account they ensure your wallet is in USD currency, that's dishonest
An expensive broker that doesn't offer what compet...
An expensive broker that doesn't offer what competition does.
I started trading with HFM last year. The first th...
I started trading with HFM last year. The first thing I love about this broker is their customer support, they are amazing. I also love the fact that they have a zero spread account. Easy deposits and withdrawals
I traded withh them years ago but theres nothing r...
I traded withh them years ago but theres nothing really special about them. Ok their minimum deposit is affordably low but thats about it
HFM customer support is great but their platforms/...
HFM customer support is great but their platforms/trading apps can hang suddenly and refuse to load
I like that they have an account type for every ty...
I like that they have an account type for every type of trader. They carry everyone along but they need to integrate TradingView just like Tickmill has done recently
Great for beginners and the hfm mobile app simplif...
Great for beginners and the hfm mobile app simplifies trading allowing you to customize your order entry
I’ve been using HFM for a while now, and honestl...
I’ve been using HFM for a while now, and honestly, it’s been pretty good. I mainly use it on desktop and it's very straightforward for a beginner. Opening an account was quick and easy too, and once you’re signed up, they assign you an account manager. Mine reached out on WhatsApp and email, and they even call sometimes. They’re really hands-on, which is nice if you ever need help.
The only accounts worth using are the pro and pro ...
The only accounts worth using are the pro and pro plus accounts, but their starting deposit is too high
i started trading with hfm this year and so far i ...
i started trading with hfm this year and so far i like their beginner education efforts. it has helped me understand trading better.I use their cent account but i do not like the fact that i can only trade certain asset classes on the cent account.
HFM has good trading tools and beginner education ...
HFM has good trading tools and beginner education but it is difficult to set up their trading platforms to work properly. even the mobile app delays before it opens which is not good. They need to improve on their systems.
dosen't quite work well with MT5 and should be adj...
dosen't quite work well with MT5 and should be adjusted.
MT5 keeps refusing to display charts and whenever ...
MT5 keeps refusing to display charts and whenever there is a news release it is hard to access their platforms.
Best customer support and I like that they assign ...
Best customer support and I like that they assign personal account managers to everyone; something other brokers reserve for VIP clients only
I enjoy using the Autochartist and I like that the...
I enjoy using the Autochartist and I like that the zero spread account has just a 5 USD minimum deposit.
I traded with HFM for about 5 months after which i...
I traded with HFM for about 5 months after which i had to abandon them and move on to a better broker and here are my reasons: Their spread was just too high, secondly their currency conversion fees were too high, thirdly their platforms are unstable.
HFM organizes forex trading education events acros...
HFM organizes forex trading education events across Nigeria and I have attended some of them in Port Harcourt. I had the chance to interact with the Country Manager of HFM and some HFM staff. It boosted my confidence so keep it up HFM I'm liking this.
Most times this broker will say no ZAR account ava...
Most times this broker will say no ZAR account available and they force you to open USD account so they can charge currency conversion fees. They also need to be more transparent with how much they charge for currency conversion fees because its high.
An excellent forex broker but they need to integra...
An excellent forex broker but they need to integrate TradingView package and cTrader. I like that they are FCA UK regulated and provide the Autochartist package
HFM is an FSCA authorized forex broker with $5 minimum deposit, ZAR accounts & MetaTrader support
| 📍Country | ⚖️Regulator | #️⃣License No. | 📅Date License Issued | 🔒Trust |
| Kenya | CMA | 155 | 2021 | Medium |
| United Kingdom | FCA | 801701 | 2018 | High |
| South Africa | FSCA | 46632 | 2016 | High |
| Dubai | DFSA | F004885 | 2018 | High |
| Seychelles | FSA | SD015 | 2015 | Low |
| Saint Vincent | FSA | 22747 IBC 2015. | 2009 | Low |