HF Markets review. It is a global broker with several branches. The focus is on the African and Asian market. The broker is known under HF Markets or HotForex.
The forex broker operates under the supervision of European authorities. But already had conflicts here in the past and was fined. In 2016, for example, the CySEC issued a fine for advertising. They weren’t fair enough to the customers and warned not enough about the risks.
HF Markets review – facts and figures
- regulated by the CySEC authority
- low minimum deposit required
- active for a long time
- Has been fined in the past
There are different trading accounts. Depending on your trading style, you have a suitable account. Because the spread and fees differ accordingly. A leverage of up to 1: 1000 can be selected.
A small minimum deposit is required. However, one should note: That it is a market maker broker! There are 47 different currency pairs to trade. These can be traded with a real money account or a demo account. In my HF Markets review there are always various bonus offers.
The registration is very easy, the customer backend is clear. When registering, an email address and telephone number must be entered. Unfortunately you are contacted by phone again and again. Which does not have a customer-friendly reputation.
HF MARKETS Review – HOW TO TRADE?
As usual with most brokers, MetaTrader is offered as a platform. HF Markets, HotForex are very present in Asia and Africa. Translations and support in other countries are not always convincing.
HF Markets review
My conclusion on the forex broker
There are different types of accounts and you can trade via MetaTrader. The website and customer backend are kept simple and clear. A small minimum deposit is required. Nevertheless, it is a market maker! In addition, they have already been fined by the authorities in the past. The support that calls you regularly isn’t always helpful. In addition, support is not available in many languages.