
HFM Review
Colombian traders can access over 500 financial instruments across powerful trading platforms. HFM are known for its superior trading conditions across several account types. Colombians can easily choose a trading solution that works for them.
- Maryke Myburgh
Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ
Min Deposit
USD 50
Regulators
CySEC, FSCA, FCA, FSA, DFSA, CMA,
Trading Desk
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Overview
HFM has been on our radar for some time, and we’ve been constantly impressed with their products, particularly for Colombia-based traders. They are not new to the scene, having founded themselves in 2010 and gradually earned a good reputation in the trading market.
One of HFM’s distinguishing aspects is its diverse selection of account options. They actually cater to traders of all skill levels, from newcomers to seasoned pros with years of trading expertise.
We appreciate how HFM recognizes the need for flexibility for Colombian traders by providing several convenient deposit and withdrawal methods that are consistent with the local financial landscape.
Trading involves more than simply technical factors; it is about feeling supported and informed. HFM succeeds in this area due to its educational resources.
They go beyond the general information available elsewhere, providing webinars, tutorials, and personalized coaching to assist traders improve their skills. Their market research and insights are another essential resource, giving traders the information they need to make sound judgments.
If any problems develop, their customer support service is available 24 hours a day, seven days a week. It offers language assistance, including Spanish, to guarantee traders get the aid they need right away.
In our view, HFM is a broker who stresses relationship building and trader empowerment. For those in Colombia, we feel HFM might be a great tool in your trading experience.
What trading platforms are offered with HFM?
HFM offers MetaTrader 4, MetaTrader 5, and the HF App for trading.
Does HFM provide any incentives or promotions?
Yes, HFM provides a wide range of incentives and promotions, including deposit bonuses and loyalty programs.
HFM Review At a Glance
🗓Established Year | 2010 |
🪪Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
🌟Ease of Use Rating | 5/5 |
💰Bonuses | Yes, deposit bonuses, top-up bonuses, giveaways, affiliate promotions, trader awards, loyalty programs, demo contests, merchandise |
⏰Support Hours | 24/5 |
📊Trading Platforms | MetaTrader 4, MetaTrader 5, HFM Platform |
📈Account Types | Cent, Zero, Pro, Pro Plus, Premium |
💸Base Currencies | USD, NGN, ZAR |
📊Spreads | From 0.0 pips EUR/USD (Zero Account) |
📈Leverage | 1:2000 |
💳Currency Pairs | Yes, 50+ |
💰Minimum Deposit | From 0 USD for the Cent, Zero, and Premium accounts, 399,000 COP ($100) on the Pro account, and 998,000 COP ($250) on the Pro Plus account |
💸Inactivity Fee | Yes, $5 after 6 months |
🗣Website Languages | English |
⚖️Fees and Commissions | Spreads from 0.0 pips, commissions from $6 per round |
📚Affiliate Program | Yes |
🏛️Banned Countries | The United States, Canada, Iran, Sudan, North Korea, Syria |
💻Scalping | Yes |
🔎Hedging | Yes |
✴️Trading Instruments | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, ETFs |
👉 Open Account | Open Account |
Regulation and Safety of Fund
HFM is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). However, HFM’s global regulations are listed in the table below.
🔑Registered Entity | 🌎Country of Registration | 🔢Registration Number | 🚨Regulatory Entity | 🥇Tier | 🖋️License Number/Ref |
HF Markets SA (PTY) Ltd | South Africa | 2015/341406/07 | FSCA | 2 | FSP 46632 |
HF Markets (Europe) Ltd | Cyprus | HE 277582 | CySEC | 2 | 183/12 |
HF Markets (Seychelles) Ltd | Seychelles | 8419176-1 | FSA | 3 | SD015 |
HF Markets Ltd | Mauritius | 094286/GBL | FSC | 3 | 094286/GBL |
HF Markets (DICF) Ltd | Dubai | – | DFSA | 2 | F004885 |
HF Markets (UK) Ltd | United Kingdom | 11118651 | FCA | 1 | 801701 |
HFM Investments Limited | Kenya | – | CMA | 2 | 155 |
🔑Security Measure | ℹ️ Information |
🔒Segregated Accounts | ✅Yes |
🔏Compensation Fund Member | ✅Yes |
🔐Compensation Amount | 5 million EUR |
🔓SSL Certificate | ✅Yes |
🗝️2FA (Where Applicable) | ✅Yes |
🔒Privacy Policy in Place | ✅Yes |
🔏Risk Warning Provided | ✅Yes |
🔐Negative Balance Protection | ✅Yes |
🔓Guaranteed Stop-Loss Orders | ❌No |
How does HFM safeguard the security of clients' funds?
HFM employs segregated accounts and provides negative balance protection to protect customer cash.
What compensation plans does HFM provide?
HFM is a member of a compensation fund that pays up to 5 million EUR in the event of broker insolvency.
Awards and Recognition
We explored HFM’s website and found that this popular broker has won the following awards recently:
- HFM was named the Best Stock Broker in 2023 at the FX Awards.
- HFM received the Best Online Trading App in 2023 from CFI.CO.
- HFM was awarded the Best Trading Accounts Globally in 2023 by the World Business Outlook.
- HFM was recognized among the Top 100 Companies in 2023 by World Finance Magazine.
- HFM was honored as the Best Trading Platform Broker in 2023 by FX Daily Info.
- During the European Awards, HFM was selected as the Best Forex Broker Globally for 2022.
Account Types
One of the best features we found with HFM is the broker’s dedication to catering to various traders according to their trading skills, objectives, and demands. There’s an account for every type of Colombian trader, from budget-conscious, risk-averse, to aggressive traders.
Type of Accounts | Cent Account | Premium Account | Zero Account | Pro Account | Pro Plus |
⚖️Availability | All traders; ideal for beginners | All traders; ideal for more experienced traders | All traders; ideal for scalpers | All; ideal for experienced traders | All; ideal for professionals who want more competitive conditions |
📈Markets | All | All | All | All | All |
💳Commissions | None | None | $0.03 per 1,000 units traded | None | None |
💻Platforms | All | All | All | All | All |
📊Trade Size | From 0.01 lots – 7 standard lots | From 0.01 lots – 60 standard lots | From 0.01 lots – 60 standard lots | From 0.01 lots – 60 standard lots | From 0.01 lots – 60 standard lots |
📈Leverage | 1:2000 | 1:2000 | 1:2000 | 1:2000 | 1:2000 |
💰Minimum Deposit | 0 COP ($0) | 0 COP ($0) | 0 COP ($0) | 399,000 COP ($100) | 998,000 COP ($250) |
HFM Cent Account
The HFM Cent Account could be the perfect solution for any inexperienced Colombian trader or someone interested in testing the waters.
In our experience, it is an ideal solution for gaining experience, honing new strategies, or experimenting with various financial instruments, all while minimizing the risk to your capital. Keep in mind that larger-volume trading may not be the most suitable option due to the smaller lot sizes.
HFM Premium Account
The HFM Premium Account is an excellent choice for traders in Colombia, offering a wide range of benefits.
With no minimum deposit required, access to a comprehensive range of trading tools, and the potential to enhance your returns through decent leverage, this platform offers a compelling package for investors.
However, it’s important to keep in mind that increased leverage comes with an elevated level of risk. This account type can be ideal for traders who want to develop trading skills and who want a higher level of adaptability without requiring a significant capital commitment.
HFM Zero Account
In our experience with HFM’s offerings, the HFM Zero Account is specifically designed to meet the needs of scalpers, high-frequency, and high-volume traders in Colombia.
Spreads can tighten to around zero pips. However, there is a nominal commission for every trade made. In our experience, if you’re not a frequent trader, the commission might not be the most cost-effective option for you despite the tight spreads this account offers.
HFM Pro Account
For those who have some trading experience and a decent amount of capital to invest, the HFM Pro Account comes with a range of attractive benefits.
With its raw spreads, absence of commissions, and a range of exclusive tools, this platform provides you with a competitive advantage.
There is a minimum deposit requirement of 399,000 COP ($100), which most Colombian traders will find due to the advanced features available.
HFM Pro Plus Account
Finally, the HFM Pro Plus Account is the highest-level choice. Geared towards traders who possess substantial capital and engage in extensive trading activity.
With even tighter spreads than the Pro Account, exceptional customer service, and exclusive VIP treatment, this option offers a truly premium experience. We haven’t personally used this account, but from our research, it appears to be well-suited for experienced traders in Colombia.
HFM Demo Account
The demo account provided by HFM has proven to be an extremely valuable resource for us. We had the opportunity to explore HFM’s diverse range of platforms and account types, including Cent, Premium, Zero, Pro, and Pro Plus.
We thoroughly tested strategies and experimented with various instruments using the virtual funds provided. The demo account serves as a secure environment where you can experiment without any financial risks.
We were able to thoroughly examine HFM’s range of options in forex, commodities, and indices, acquiring practical knowledge before making the switch to real-time trading.
We also found that it’s especially advantageous for traders who are new to HFM or the market in general, as it provides a smooth learning experience.
One of the great advantages of the demo account is its incredible flexibility. It is accessible on all HFM account types, on both MetaTrader 4 and 5, and there are no restrictions on its usage duration.
Whether you prefer technical analysis or fundamental analysis, you’ll find plenty of opportunities to improve your trading skills at your own pace.
HFM Islamic Account
Upon examining HFM’s Islamic account offering, it is evident that they have made significant efforts to accommodate Colombian traders who follow Sharia principles.
They have surpassed the standard offerings and tailored their services accordingly. It’s important to consider more than just getting rid of swaps; a holistic trading experience that adheres to Islamic finance principles is paramount.
First and foremost, it is worth noting that the Islamic account does not impose any restrictions on your trading options. There is still a wide range of instruments available for you to access, such as major, minor, and exotic currency pairs, as well as commodities and indices.
Flexibility is essential for Colombian traders looking to diversify their portfolios and capitalize on different market opportunities.
What advantages does the HFM Pro Account provide?
The HFM Pro Account provides leverage of up to 1:2000, making it ideal for experienced retail traders and professionals.
What is the minimum deposit for the HFM Pro Plus account?
The HFM Pro Plus Account, which is geared toward institutional and highly experienced traders, requires a minimum deposit of 998,000 COP ($250).
How To Open a HFM Account
HFM allows Colombian traders to get started with a streamlined online application. Here are the steps traders can follow to get started in no time at all:
Step 1 – Visit the official website of HFM and Select Register.
Once you’ve chosen your account type, go to the HFM homepage. Look for a huge green banner that says “Register.” This is where your registration process will start.
Step 2 – Click on Register.
Alternatively, if you already know what account type you want, skip this step and click the “Register” button in the upper right corner next to the “Login” button.
Step 3 – Complete Registration
The registration form is straightforward. You’ll need to submit personal information such as your full name, email address, phone number, and birth date. Always ensure that your personal information matches your government-issued ID for verification.
Examine HFM’s terms and conditions and risk disclosure disclosures carefully. Once you’ve read and agreed to the terms, check the appropriate box(es) before continuing. After completing all the steps and verifying your information, click the “Submit” button. HFM will then process your application.
Visit the official HFM website. Locate the “Open an Account” button, typically situated in the upper right corner of the homepage.
Please select the type of account you would like to open. HFM provides a range of account options to cater to different needs. These include Cent, Premium, Zero, Pro, and Pro Plus accounts. Every account type is designed to meet the unique trading requirements and experience levels of our clients.
Please complete the online registration form by providing your personal information, such as your full name, email address, phone number, and country of residence. It is crucial to double-check all information for accuracy in order to prevent any potential delays during the verification process.
Once you’ve completed the registration form, an email will be sent to you for verification. Please click on the verification link provided to confirm your email address.
To meet the necessary regulatory standards, it is essential to provide the required identification documents. Typically, you’ll need to provide a government-issued ID, like a passport or national ID card, along with proof of address, such as a utility bill or bank statement. Make sure the documents are easy to read and understand.
Your documents will be reviewed by the HFM verification team and compared against the information that you provided. Please note that it can take up to 48 hours for this process to be completed. An email notification will be sent to you once your account has been approved.
After your account has been approved, simply login to the myHF client area using the email and password you registered with.
Please ensure that you deposit funds into your trading account before attempting to trade. While some accounts don’t require a minimum deposit, there are deposit minimums on payment methods, and you’ll need funds to enter positions.
Download and install the trading platform that suits your preferences. You can choose between MetaTrader 4 and 5 as your main platforms for trading and get the HF App to manage your trades, gain insights, and keep an eye on your trading account.
Once your account has been funded and the trading platform has been set up, you are ready to start trading. You can also take advantage of the educational resources and market analysis tools offered by HFM to improve your trading strategies.
Broker Comparison
🔎Features | HFM | Axi | Tickmill |
🏛️Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | ASIC, SVG, FCA, FMA, DFSA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
📊Trading Platform | MetaTrader 4 MetaTrader 5 HFM Mobile App | MetaTrader 4 | MetaTrader 4 MetaTrader 5 Tickmill App |
💵Withdrawal Fee | No | Yes | No |
💻Demo Account | Yes | Yes | Yes |
💴Min Deposit | 0 COP ($0) | ($0) | ($100) |
📌 Leverage | 1:2000 | 1:500 | 1:1000 |
✏️Spread | 0.0 pips | 0.0 pips | Variable, from 0.0 pips |
💰Commissions | $6 per round turn | From $3.5 | $1 per side per 100,000 traded |
🤙Margin Call/Stop-Out | 50%/20% | From 90%/50% | 100%/30% |
👉Order Execution | Market | Market | Market |
❌💵No-Deposit Bonus | No | None | Yes |
🛅Cent Accounts | No | No | No |
🗄️Account Types | Cent Account Premium Account Zero Account Pro Account Pro Plus Account | Standard Account Pro Account Elite Account | Raw Account Classic Account |
⚖️FSC Regulation | No | None | No |
💵TWD Deposits | No | No | No |
🗄️TWD Account | No | No | No |
🧑💻Customer Service Hours | 24/5 | 24/5 | 24/5 |
🏪Retail Investor Accounts | 5 | 3 | 2 |
☪️Islamic Account | Yes | Yes | Yes |
📉Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
📈Maximum Trade Size | 500 lots | 100 Lots | 100 lots |
⌚Minimum Withdrawal Time | 10 Minutes | Instant | 1 Business Day |
⌛Maximum Estimated Withdrawal Time | 10 business days | Between 1 to 3 Days | 2 to 7 Business Days |
⏱️Instant Deposits and Instant Withdrawals? | No | Yes | Instant Deposits |
👉 Open Account | Open Account | Open Account | Open Account |
Trading Platforms
HFM is committed to being a proud MetaTrader-only broker that offers its app for easy and seamless account management. Join us as we explore each platform to discover the benefits they hold for Colombian traders.
MetaTrader 4
We’ve had a predominantly positive experience with MetaTrader 4 (MT4). The practicality of its intuitive interface and comprehensive charting tools make it an excellent choice, especially for those who are new to the Colombian trading scene.
We found that the platform’s wide variety of trading instruments, competitive spreads, and quick execution speeds highly valuable.
Furthermore, the cross-device compatibility of MT4 has proven to be a major advantage, enabling us to manage our trades from anywhere effortlessly.
Overall, MT4 is a reliable and user-friendly platform that serves as a solid foundation for any trader, despite not being the most advanced option available.
MetaTrader 5
Experienced traders will appreciate the noticeable upgrade that MetaTrader 5 (MT5) brings to the table. Our experienced team members have found the enhanced analysis tools and the ability to view multiple charts simultaneously to be incredibly valuable.
With a diverse range of instruments and the platform’s powerful market analysis capabilities, traders can enjoy a comprehensive trading environment. With its compatibility across different devices, MT5 allows traders to manage trades and always stay informed easily.
Although MT5 may require some extra effort to learn, its sophisticated features make it a valuable choice for traders who want to elevate their strategies.
HFM Platform
The HFM Platform provides a one-of-a-kind online trading experience that caught (and kept) our attention. The customizable interface and live monitoring features have proven to be highly effective tools for managing trades.
We gained valuable insights from the platform’s real-time volatility analysis and sentiment data, which is powered by big data AI.
However, it’s important to note that the HFM Platform is not as feature-rich as MT4 or MT5. The simplicity and accessibility of this option make it a great choice for traders who prefer a more streamlined approach.
HFM Range of Markets
HFM offers Colombian traders the following financial instruments that can be traded across popular markets.
🔎Instrument | ⚖️Number of Assets Offered | 📈Max Leverage Offered |
Forex | 50+ | 1:2000 |
Metals | 6 | Gold: 1:2000 Silver: 1:100 Platinum: Floating Palladium: 1:20 |
ETF’s | 33 | 1:5 |
Indices | 12 | 1:200/1:500 |
Stocks | 50 | 1:14 |
Cryptocurrency CFDs | 40 | 1:50 |
Energies | 2 | 1:200 |
Bonds | 3 | 1:50 |
Commodities | 5 | 1:66 |
HFM Leverage and Margin
After conducting a thorough analysis of HFM’s leverage and margin offering for Colombian traders, we found that HFM offers a remarkable maximum leverage of 1:2000 for all account types, surpassing the industry standard by a significant margin.
However, as always and with all traders, we remind individuals that high leverage can be both advantageous and risky for both pros and newbie traders.
However, traders who have a good grasp of the potential dangers and implement effective risk management techniques can potentially increase their profits. Therefore, we urge traders to familiarize themselves with HFM’s comprehensive info, terms, and conditions on the matter.
The margin requirements of HFM vary depending on the instrument being traded and the size of the position.
With the broker’s transparent margin policy, traders can stay informed about the margin required for each trade, enabling them to manage their risk effectively.
We also value the fact that HFM offers a margin call level of 80%, which gives Colombian traders a safety net before their positions are liquidated.
Which indexes can be traded on HFM?
Colombian traders can trade both spot and futures indices, including the major global indexes.
Does HFM provide energy trading?
Yes, HFM provides trading in energy such as oil and natural gas with leverage of up to 1:66.
Min Deposit
USD 50
Regulators
CySEC, FSCA, FCA, FSA, DFSA, CMA,
Trading Desk
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Spreads and Fees
Spreads
Based on our observations, the variable spreads offered by HFM can have both positive and negative implications.
Spreads for major pairs like EUR/USD tend to be quite competitive. However, they can vary based on market conditions and the account being used, as some accounts feature lower spreads but include a commission to make up for the broker’s fee in facilitating the trade.
Nevertheless, in periods of heightened volatility, spreads have the potential to expand considerably.
Colombian traders, particularly those interested in trading emerging or minor pairs, should take note of this as these pairs are especially volatile and susceptible to various factors in the global economy.
HFM Commissions
If you’re considering the Zero Account, you’ll appreciate the simplicity of the $0.03 commission per 1,000 units traded.
It’s a no-nonsense fee structure that’s easy to understand. Colombian traders who prefer spread-only models can consider the other accounts that HFM offers because the broker’s fee is not taken with a flat commission but mark-ups on the spread.
HFM Overnight Fees
Colombian traders must be mindful of overnight fees (or swap fees). Fluctuations in these rates can have a significant impact on your profitability, especially if you tend to hold positions for long periods of time. Therefore, we urge traders to keep an eye on interest rate differentials.
HFM Deposit and Withdrawal Fees
Colombian traders will value the fact that HFM does not charge any fees for deposits and withdrawals. However, while there are no internal fees charged by the broker, third-party processors might impose processing fees.
HFM Inactivity Fees
When Colombian traders leave their trading account for over 12 months, they will be charged a $5 monthly fee. While this isn’t an issue for active traders, those who hold positions for longer than a year or those who take extended breaks from trading might be affected by this fee.
HFM Currency Conversion Fees
It’s important to be aware of potential currency conversion fees that may arise when conducting transactions in currencies other than your base currency.
HFM provides clear and transparent information about these fees but doesn’t allow Colombians to register a COP-denominated account or make deposits and withdrawals in local currency.
What are the overnight costs for HFM?
HFM charges swap fees depending on the interest rate differential between the exchanged currency pairings, which can be either positive or negative.
Does HFM impose an inactivity fee?
Yes, HFM levies a $5 inactivity fee after six months of no trading activity.
HFM Deposit & Withdrawal Options
💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
Bank Wire Transfer | All | Depends on region | 2 – 10 days |
Electronic Transfer | South Africa | Depends on region | 10 minutes – 2 days |
Credit Card | All | Depends on region | 2 – 10 days |
Debit Card | All | Depends on region | 2 – 10 days |
Skrill | All | Depends on region | 10 minutes – 2 days |
Crypto | All | Multi-currency | Instant – 24 hours |
Deposits Methods:
How to Deposit using Bank Wire Step by Step
- Access your HFM trading account.
- Go to the ‘Deposit’ section and choose ‘Bank Wire’ as your deposit method.
- Retrieve the banking details provided by HFM for the wire transfer.
- Use your bank’s online platform or visit a branch to initiate a wire transfer.
- Please ensure that you provide accurate banking details, including your trading account number, when filling in HFM’s reference section.
- Ensure you confirm the transfer and retain a copy of the transaction receipt for your records.
How to Deposit using Credit or Debit Card Step by Step
- Access your trading account dashboard in HFM.
- Select the ‘Deposit’ section and select ‘Credit or Debit Card’ from the available choices.
- Please provide your card information, including the card number, expiration date, and CVV code.
- Please indicate the amount you would like to deposit into your trading account.
- You might be required to undergo a verification process by your card issuer.
- Complete the payment and patiently wait for the funds to appear in your HFM account.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Access your HFM trading account.
- Choose your e-wallet or payment gateway in the ‘Deposit’ section.
- You will be directed to the login page of the e-wallet or payment gateway.
- Provide your login information to access the service.
- Verify the deposit amount and proceed with the transaction.
- After being processed, the deposit will be visible in your HFM trading account.
Withdrawals
How to Withdraw using Bank Wire Step by Step
- Access your HFM trading account and navigate to the ‘Withdrawal’ section.
- Select ‘Bank Wire’ as your preferred withdrawal method.
- Please provide the necessary banking information, such as your account details and bank SWIFT code.
- Provide the amount you would like to withdraw from your HFM account.
- Submit the withdrawal request and monitor your bank account to see when the funds are received.
How to Withdraw using Credit or Debit Cards Step by Step
- Go to the ‘Withdrawal’ section in your HFM trading account.
- Choose the ‘Credit or Debit Card’ option for your withdrawal.
- The card used for depositing will usually be the one credited.
- Enter the withdrawal amount and ensure it is within the limit of the deposited amount on the card.
- Please review the withdrawal details and proceed to submit your request. Your card will be credited with the funds within the specified timeframe (typically 10 minutes to 2 days).
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Access your HFM trading account and choose the ‘Withdrawal’ option.
- Select your preferred e-wallet or payment gateway from the options provided.
- When prompted, log in to the e-wallet or payment gateway if needed.
- Provide the desired withdrawal amount and any necessary additional information.
- Review the withdrawal details and proceed with submitting the request.
- The funds will be transferred to your e-wallet or through the payment gateway shortly after processing.
What is the minimum withdrawal amount from HFM?
The minimum withdrawal amount for bank transfers is $100.
How long do withdrawals on HFM take?
Withdrawals might take anywhere from 10 minutes to 10 business days, depending on the method chosen.
Min Deposit
USD 50
Regulators
CySEC, FSCA, FCA, FSA, DFSA, CMA,
Trading Desk
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Educational Resources
📅Economic Calendar | Yes |
➡️VPS | Yes |
📊AutoChartist | Yes |
📈Trading View | Yes |
📉Trading Central | Yes |
📜Market Analysis | Yes |
🖺News Feed | Yes |
📹Blog | No |
📕eBooks | No |
🎥Educational Videos | Yes |
🗣️Platform Tutorials | Yes |
🤳🏻Webinars | Yes |
💻Seminars | Yes |
🗣️Live Support | Yes |
Some additional tools and resources available from HFM include the following:
Online Trading Courses
Trading Course Videos
Trading Classes
Podcasts
Advanced Insights
Events
How frequently does HFM update its educational content?
HFM regularly updates its educational content to keep traders up to date on the latest market trends and strategies.
Does HFM provide live trading webinars?
Yes, HFM provides live trading webinars led by experienced traders and market analysts.
Bonuses and Promotions
We’re impressed not only by the range, but also the quality of bonuses that HFM offers. These bonuses will help traders boost their capital easily. Furthermore, the competitions and programs offered are lucrative, catering to various Colombian traders.
20% Top-up Bonus
HFM’s 20% Top-up Bonus is a significant boost, particularly for those just starting off. It’s designed to boost your initial deposit, which starts at $200.
The incentive is applied to your initial transfer to the top-up account, giving you extra to work with right away. What is the best part? It’s automatic, so you can start trading with more equity right now. This is worth considering if you want to make the most of your first investment.
100% Supercharged Bonus
HFM’s 100% Supercharged Bonus is fairly substantial, matching 100% of deposits up to $50,000. This is available to new clients who open particular account types (FIX, Premium, Currenex, or Islamic) and make a minimum deposit of $250.
The real kicker is the daily cash payout of $2 per lot. This is an excellent approach to significantly increase your trading capital while earning some extra cash on the side. Remember that while the bonus itself cannot be withdrawn, any gains you make from it are entirely yours.
HFM Loyalty Program
HFM’s Loyalty Program is a rewarding scheme in which you receive HFM Bars for every round-turn lot traded. There are four levels: red, silver, gold, and platinum, with each delivering more bars per lot as you progress through the ranks.
These bars can be converted into cash, credit bonuses, or trade services. If you’re a frequent trader, this is an excellent method to receive continued compensation for your efforts. It’s a simple but effective strategy that promotes consistency in trading.
Traders Awards 2024
The Traders Awards 2024 is a monthly competition where the top gainer receives $1,000 and the HFM Crystal Obelisk. To participate, you must have an active Premium Account worth at least $500 and sign up by the 7th business day of the month.
This is an excellent opportunity to demonstrate your trading abilities and maybe gain fame, not to mention a good cash award. It’s a terrific motivation to push yourself and see how you compare to other traders.
HFM Gadget Giveaway
Every now and again, HFM throws in a little something extra for its customers: a chance to win an awesome gadget. It’s a free fortunate draw, and all you have to do is meet the trading volume conditions. It’s a lovely gesture from HFM that adds a little excitement to the trading process.
Elite Affiliate Promotion
If you enjoy spreading the word, you should check out HFM’s Elite Affiliate Promotion. You can earn lucrative commissions based on your referrals’ trading behavior. It’s an excellent approach to monetize your network if you know other traders who could be interested in HFM.
HFM Merchandise
HFM has certain branded products that you can obtain by earning and redeeming points. Consider shirts, accessories, and even trading tools using the HFM brand. It’s a great way to promote your broker association while also receiving some unusual items.
HFM Demo Contest
This is an excellent choice for those who are new to trading or wish to experiment with different techniques without risking real money.
The HFM Demo Contest takes place on demo accounts, but the awards are real cash. It’s a great learning experience and an opportunity to see how you function under pressure.
How does the 100% Supercharged Bonus work with HFM?
The 100% Supercharged Bonus doubles the trader’s deposit, allowing them to expand their trading capacity, subject to certain trading volume requirements.
What is the HFM Demo Competition?
The HFM Demo Contest allows traders to compete for real trading funds using demo accounts, giving them a risk-free opportunity to improve their skills and earn prizes.
Affiliate Programs
HFM is an ideal broker for those who want to expand their network, promote HFM, and earn lucrative commissions. Let’s explore this program and discover how Colombians can sign up.
Features
Our team has extensive experience with HFM’s affiliate program, and we can confidently state that it has the potential to significantly enhance the income of individuals in Colombia.
The program is designed to provide affiliates with generous rewards, offering up to $30 for each lot traded by the clients they refer. In addition, these payments are made daily, which helps to maintain a steady stream of cash.
The multi-tier system is where things become truly fascinating. This model goes above and beyond the norm, allowing you to earn not just from your direct referrals, but also from the clients referred by your sub-affiliates, reaching up to five levels deep.
By harnessing the power of network effects, we believe that your earnings have the potential to grow exponentially as time goes on.
We greatly value the accessibility that HFM has brought to this program. There are no initial expenses, making it accessible to both experienced marketers and beginners.
The marketing support offered is comprehensive and includes materials that are specifically customized for the Colombian market. You will be equipped with all the necessary tools to successfully market HFM to prospective clients.
The reputation of HFM as a reliable and highly acclaimed broker adds an extra level of attraction. Having credibility in your efforts can greatly enhance your ability to attract new clients.
With a transparent commission structure, reliable payments, and dedicated support, the program’s value proposition is further solidified.
Based on our extensive experience, the affiliate program offered by HFM provides a remarkable combination of lucrative opportunities and extensive support.
Partnering with them allows you to tap into their reputable brand and abundant resources, enabling you to establish a prosperous affiliate business.
How to Register an Affiliate Account with HFM Step-by-Step
Visit the official HFM website (www.hfm.com) and look for the “Partner With Us” link in the upper right corner, near the “Contact Us” button.
Click on the “Partner With Us” link to learn more about HFM’s affiliate program, including advantages, commission structure, and what you can anticipate as a partner.
Once you’ve examined the program specifics and are ready to go, click the “Become a Partner Now” button.
You will be taken to the affiliate registration page, where you must fill out an application form with your personal and business information.
The application form will ask you for your full name, email address, phone number, country of residence, and the approximate number of clients you wish to suggest to HFM.
You will also need to indicate your projected client deposit range, how you intend to find clients (e.g., social media, networking events), and the channels you will utilize for promotion.
Please carefully read the affiliate program’s terms and conditions and tick the box to express your approval.
Once you’ve finished the application form, click the “Sign Up” button to submit it.
Once you submit your application, an HFM affiliate manager will contact you within 36 hours to introduce you to the program and fully approve your affiliate account.
Once approved, you will receive your unique affiliate link and access to your personalized affiliate dashboard, which allows you to track your referrals, commissions, and marketing materials.
To activate your affiliate account, provide KYC documents such as proof of legal existence (PLE) and proof of address (POA) that are no more than six months old.
Once verified, your account will be fully activated, allowing you to promote HFM’s services and earn commissions for referrals.
What are the advantages of the multi-tier commission structure for HFM?
The multi-tier commission structure enables affiliates to earn additional commissions from their sub-affiliates trading activities, which increases their earning potential.
How frequently are affiliate commissions paid out on HFM?
HFM provides a reliable daily payment schedule for affiliate commissions.
Customer Support
📞Customer Support | 🗣️Customer Support |
⏰Operating Hours | 24/5 |
🗣️Support Languages | Multilingual |
🗨️Live Chat | Yes |
📧Email Address | [email protected] |
📞Telephonic Support | Yes |
🌟The overall quality of their Support | 4/5 |
HFM Response Time
Support Channel | Average Response Time | User-based Response Time |
📞Phone | 5 – 10 minutes | 5 minutes |
1 working day | Same-day | |
🗨️Live Chat | 5 minutes | 1 – 4 minutes |
#️⃣Social Media | 5 minutes | 2 – 5 minutes |
🗣️Affiliate | 5 – 10 minutes | 5 minutes |
Which languages does HFM offer customer support in?
HFM provides multilingual support, including English, Portuguese, Spanish, and others.
How do Colombian traders contact HFM support?
Colombian traders can reach HFM support through live chat, email, or phone.
Social Responsibility
We have been truly impressed by HFM’s commitment to social responsibility, and we have personally seen the incredible positive effects of their diverse initiatives. Their dedication to creating a positive impact is evident, and they have seamlessly integrated it into the very essence of their corporate culture.
We have personally witnessed the strong emphasis HFM places on education. Their dedication to supporting SOS Children’s Villages, providing stability and education to children in need, truly showcases their unwavering commitment.
Their dedication to the next generation is further solidified by their contributions to UNICEF, a global force for children’s well-being.
The environmental efforts of HFM have been equally impressive. Their prompt reaction to the Amazon rainforest crisis showcased a genuine commitment to the well-being of the planet. We greatly appreciate their proactive approach in addressing environmental issues on a global level.
Their steadfast backing of organizations such as the Red Cross, a crucial resource during times of emergency, clearly demonstrates their commitment to humanitarian principles.
Their generous contribution to the World Health Organization during the COVID-19 pandemic truly highlights their dedication to global well-being.
However, HFM’s commitment to social responsibility extends beyond the global level.
Their active participation in the Rotary Club in Larnaca, Cyprus, and their heartfelt efforts with the Ban Look Rak Orphanage and the Province Parents of Disabled Children Club in Thailand demonstrates a genuine concern for the well-being of local communities.
Overall, we found that the approach of HFM is comprehensive, taking into account both global and local needs in a significant manner.
Conclusion
Ultimately, according to our comprehensive review, HFM proves to be an enticing choice for Colombian traders looking to explore the forex and CFD markets. The broker offers a wide variety of account types to meet different needs.
Whether you’re a beginner exploring the market with the Cent Account or an experienced trader looking for a top-notch experience with the Pro Plus Account, they have you covered.
Traders can enjoy a versatile and accessible trading environment with the availability of MetaTrader 4 and 5, as well as HFM’s proprietary mobile app, allowing them to trade on the go.
Furthermore, with leverage of 1:2000 and generally competitive spreads, there are opportunities for significant profit potential, although it’s important to remember the inherent risks involved.
Nevertheless, we have to mention that it’s important for potential traders to be mindful of certain limitations. The educational resources provided by HFM are quite comprehensive, but there is room for improvement in terms of tailoring them to the unique nuances of the Colombian market.
The inconvenience could arise for certain traders due to the lack of local deposit and withdrawal options in Colombian Pesos (COP). However, HFM’s dedication to transparency is apparent through its straightforward fee structure and informative materials, which inspire trust.
We found that their commitment to social responsibility showcased through a range of initiatives, strengthens their standing as a broker that prioritizes its clients and the communities it serves.
In summary, we can conclude that HFM presents an attractive offering for traders in Colombia, with its reliable trading platforms, favorable trading conditions, and a notable dedication to social responsibility.
Although there is room for improvement, the broker’s strengths overshadow its weaknesses, establishing it as a strong competitor in the Colombian forex and CFD brokerage industry.
Our Insight
- Giving Columbian traders access to a wealth of educational resources in French would allow them to improve their trading skills in a more familiar language.
- With more people using their phones to trade forex and CFDs, HFM needs to invest in improving its proprietary app. More Columbian traders who prefer mobile trading can be attracted if the HFM mobile platform is optimized forColumbian smartphones.
- Even while bank transfers are available, it would be more convenient for Columbian traders if popular e-wallets and regional payment solutions could be integrated. This would also allow the platform to possibly attract more users.
Pros & Cons
✅Pros | ❌Cons |
Colombian traders can expect a dynamic and safe trading environment with HFM | HFM offers limited localized content and resources |
There is a robust proprietary app where Colombians can manage their accounts and get real-time updates | Currency conversion fees apply to COP deposits and withdrawals |
HFM’s spreads are competitive compared to rival brokers, especially on exotic pairs | HFM doesn’t have an office in Colombia |
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Frequently Asked Questions
Can I trade Colombian stocks or ETFs using HFM?
No. HFM is largely focused on Forex and CFD trading across international markets. Thus direct trading of Colombian equities or ETFs is not possible on their platforms.
Can I get customer service in Spanish from HFM?
Yes, HFM provides customer service in a variety of languages, including Spanish.
Is HFM offering a demo account for Colombian traders to practice trading?
Yes, HFM offers Colombian traders a demo account with virtual funds to test their trading techniques risk-free.
What is the minimum deposit for opening an account with HFM in Colombia?
HFM provides account types with no minimum deposit requirement, making it accessible to traders of various capital levels.
Is HFM regulated in Colombia?
No. Colombian authorities do not directly regulate HFM, but it is overseen by respectable international bodies, which provides some security for Colombian traders.