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HF Markets Broker Review in UAE (Scam or Legit?)

Home » Brokers » HF Markets Broker Review in UAE (Scam or Legit?)

Company Background

HF Markets, also referred as Hot Forex, is an international Forex and commodities broker. The was founded in 2010 and is headquarters in Cyprus. HF Markets operates globally and holds multiple licenses from various regulatory authorities. The broker is recognised for its wide selection of multiple accounts types, competitive spreads and trading instruments.

HF Markets - forex trading for beginners - best trading conditions - open free demo account

HF Markets – Regulation and Safety

HF Markets operates under the following regulatory authorities:

Company NameRegistration CertificatesRegulation / RegistrationWebsiteemail idLicense / Reference NumberRegistered Number
HF Markets (Europe) LtdSee CertificateCyprus Securities And Exchange Commissionwww.hfeu.comreg@hfmarkets.eu183/12277582
HF Markets (UK) LimitedSee CertificateFinancial Conduct Authority, UKwww.hfmarkets.co.ukcompliance@hfmarkets.co.uk80170111118651
HF Markets (DIFC) LimitedSee CertificateDubai Financial Service Authority, UAE--F004885-
HF Markets (SV) Ltd.See CertificateSaint Vincent and The Grenadines--22747 IBC 2015-
HF Markets LtdSee CertificateFinancial Service Commission, Mauritiushttp://www.syul.muinfo@syul.muC110008214-

These multiple licenses demonstrate that HF Markets is commitment to provide a secure and transparent trading environment for the traders.

HF Markets – Trading Instruments

HF Markets offers the following trading instruments. This wide variety enables traders to diversify their portfolios and take advantage of various market opportunities.

MarketTrading Instruments
ForexMajor, minor, and exotic currency pairs.
CommoditiesMetals, energy products, and agricultural products.
IndicesGlobal indices from major markets.
SharesCFDs on shares from leading global companies.
CryptocurrenciesPopular cryptocurrencies like Bitcoin, Ethereum, and more.
Bonds and ETFsA selection of bonds and ETFs.

HF Markets – Trading Accounts

HF Markets provides multiple trading account types to cater to different trader needs, including Micro, Premium, Zero Spread, HFCOPY, and Islamic accounts. These accounts offer varying minimum deposits, spreads, leverage, and features to suit both beginner and experienced traders. Most of HF Markets accounts has the minimum deposit of $0.
Here are the details / key features about the trading account HF Markets offers:
CentZeroProPremiumTop-up Bonus
Trading PlatformsMT4
MT5
Webtrader 
Mobile Trading		MT4
MT5
Webtrader 
Mobile Trading		MT4
MT5
Webtrader 
Mobile Trading		MT4
MT5
Webtrader 
Mobile Trading		MT4
MT5
Webtrader 
Mobile Trading
Spread TypesVariableVariableVariableVariableVariable
Spread PipsFrom 1.2 pipFrom 0 pip
 on Forex		From 0.6 pipFrom 1.2 pipFrom 1.4 pip
Account CurrencyUSDUSD
EUR
NGN
JPY
IDR		USD
EUR
NGN
JPY
IDR		USD
EUR
NGN
JPY
IDR		USD
ZAR
NGN
JPY
IDR
Contract Size
1 Lot =		1000 units100,000 units100,000 units100,000 units100,000 units
Trading InstrumentsCFD Forex
CFD Gold		CFD Forex
CFD Gold
CFD Metal
CFD Energies
CFD Stocks
CFD Indicies
CFD Bonds
CFD Commodities
CFD ETFs
CFD Cryptocurrencies		CFD Forex
CFD Gold
CFD Metal
CFD Energies
CFD Stocks
CFD Indicies
CFD Bonds
CFD Commodities
CFD ETFs
CFD Cryptocurrencies		CFD Forex
CFD Gold
CFD Metal
CFD Energies
CFD Stocks
CFD Indicies
CFD Bonds
CFD Commodities
CFD ETFs
CFD Cryptocurrencies		CFD Forex
CFD Gold
CFD Metal
CFD Energies
CFD Stocks
CFD Indicies
CFD Bonds
CFD Commodities
CFD ETFs
CFD Cryptocurrencies
Min. DepositUS$ 0US$ 0US$ 100US$ 0US$ 0
Min. Lot Size0.01 Lot0.01 Lot0.01 Lot0.01 Lot0.01 Lot
Max. Leverage1:20001:20001:20001:20001:1000
Trade Size
Increment		0.010.010.010.010.01
Max. Total Lot Size200 Cent Lots
per position /
1000 Cent Lots
account total		60 standard lots
per position		60 standard lots
per position		60 standard lots
per position		60 standard lots
per position
Max. Simultaneous
Open Order		150500500500500
Margin Call50%50%50%50%50%
Stop Out Level20%20%20%20%20%
Market Execution✅✅✅✅✅
Commission for
Forex Pairs		❌✅❌❌❌
FlexibleBonus
Offering		❌❌❌❌✅
Swap Free✅✅✅✅❌

HF Markets provides multiple account types to cater to different trading styles and experience levels:

  • Micro Account: For beginners, with a minimum deposit of $5 and leverage up to 1:1000.
  • Premium Account: For more experienced traders, with a minimum deposit of $100 and leverage up to 1:500.
  • Zero Spread Account: For cost-effective trading with raw spreads from 0 pips.
  • HF COPY Account: Designed for copy trading, allowing investors to follow professional traders.
  • Islamic Account: Swap-free accounts compliant with Islamic finance principles.

HF Markets Affiliate Program

HF Markets partners - get an extra bonus up to USD 5000

The HF Markets Affiliate Partners and Introducing Brokers (IB) program is created for people and organizations globally, offering a lucrative opportunity to make an earning by referring new traders to the broker.

Upon joining, participants receive dedicated support from an assigned manager who assists in maximizing their referral efforts. Additionally, HF Markets provides essential tools and resources, including calculation aids and necessary software, ensuring affiliates can effectively manage and grow their referral business. The broker also guarantees top-notch service to support their partners.

For trading experts, HF Markets offers the possibility to become a regional representative. This role involves promoting HF Markets within your local area, managing a representative office, and offering HF Markets brokerage services, thus expanding HF Market’s presence. Moreover, HF Markets’s White Label program caters specifically to banks and consulting firms, allowing them to provide trading services under their own brand through a partnership with HF Markets. This program enables institutions to leverage HF Market’s robust trading infrastructure while maintaining their brand identity.

 

Customer Service

HF Markets offers 24/5 customer support through various channels:

  • Live Chat
  • Email
  • Phone
  • Social Media

Customer support is available in multiple languages, catering to their diverse global clientele.

Website Analysis – hfm.com

This website is probably reliable ⭐⭐⭐⭐⭐

source: https://staysafe.csc.gov.ae/en/check/hfm.com
updated on June 2024
Source checkedReport
IPQS✅ No Suspicious Activities found
Chamber of Commerce⚠️ Not Registered
Scam Adviser✅ Very high trust score
webwinkelkeur💤 No reviews found
Apwg✅ Not reported for phishing
Pulsedive✅ Not reported in the last 3 months to Pulsedive
Maltiverse💤 Unknown
Complytron✅ This site isn't reported as dubious or malicious by Complytron
Dnsfilter✅ Is not blocked by filter
Cleanbrowsing✅ NO content blocked
Teleindustrien I Danmark✅ No Suspicious Activities found
IQ Global✅ NO indications found
Trustprofile✅ 4.2 stars (144 reviews)
Sitejabber✅ 4.4 stars (99 reviews)
Quad9✅ NO malware reported
Mywot✅ 4 stars (3 reviews)
Trustpilot✅ 4.3 stars (326 reviews)
SSL Checker✅ SSL certificate valid

User Feedback

Overall user feedback for HF Markets is positive, with many traders appreciating the broker’s competitive trading conditions, wide range of instruments, and responsive customer service. However, some users have reported issues with account verification processes and withdrawal times, which can vary depending on the payment method used.

trustpilot

%

Positive Reviews

%

Negative Reviews

Note: Customer reviews from Trustpilot are categorized with 5-star, 4-star, and 3-star ratings as positive reviews, while 2-star and 1-star ratings are considered negative reviews.

HF Markets – Pros and Cons

By weighing the below mentioned pros and cons, you can make an informed decision about whether HF Markets is the right broker for your needs.

ProsCons

Regulation and Safety:

  • Well-regulated by multiple authorities including CySEC, FCA, and FSCA.
  • Offers strong investor protection and compliance with international standards.

Complex Fee Structure:

  • Commission-based accounts (e.g., Zero Spread) can have complex fee structures.
  • Understanding all associated costs may require careful review.

Diverse Trading Instruments:

  • Provides a wide range of trading instruments including forex, commodities, indices, shares, cryptocurrencies, bonds, and ETFs.
  • Suitable for traders looking to diversify their portfolios.

Limited Educational Resources:

  • While basic educational resources are available, advanced training materials may be lacking compared to other brokers.
  • Could be improved to better support beginner traders.

Variety of Account Types:

  • Offers multiple account types such as Micro, Premium, Zero Spread, HFCOPY, and Islamic accounts.
  • Caters to different trading styles and experience levels.

Withdrawal Process:

  • Some users have reported delays in the withdrawal process.
  • Withdrawal times can vary depending on the payment method used.

Competitive Trading Conditions:

  • Low spreads, especially on Zero Spread accounts.
  • High leverage options up to 1:2000, depending on the account type.

Regional Restrictions:

  • Not available to residents in some countries, which limits its accessibility.
  • Potential users should verify availability in their region.

User-Friendly Platforms:

  • Supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
  • Provides a mobile app and WebTrader for flexible trading.

Inactivity Fees:

  • Charges inactivity fees on dormant accounts.
  • Important for traders to stay active to avoid these fees.

Conclusion

HF Markets stands out as a well-regulated and versatile broker with a strong global presence. Its variety of account types and trading instruments make it suitable for both beginner and experienced traders. While it has received some criticism, its overall reputation in the trading community is solid.

Verdict:

IC Markets is a legit and trusworthy forex broker in UAE. One name that frequently comes up among traders is IC Markets.

Start Trading with IC Markets

Disclosure: We may receive a commission if you sign up using our affiliate link. This comes at no additional cost to you and helps support our site.

Shakeel Mohammed

About the Reviewer

Shakeel Mohammed

Shakeel (MBA, Financial Management) is your guide in the world of forex trading. With over 5 years of experience in the forex market, I’ve transformed my passion for financial markets into a fulfilling career. My mission is to empower aspiring traders to achieve financial independence through comprehensive education and practical guidance.

Join me and our supportive community as we explore trading strategies, market analysis, and risk management techniques. Together, we’ll build the skills and knowledge needed to make informed trading decisions and achieve consistent profits.

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