HFM has been in operation since 2010 and has empowered traders to pursue opportunities in the financial markets. The broker has become a one-stop shop for cutting-edge technology, wide-ranging education, and superior trading conditions.
- Louis Schoeman
Updated : May 22, 2025
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Overall Rating
- 4.8/5
Min Deposit
USD 0/ 0 PHP
Regulators
MT4, MT5, HFM Platform
Trading Desk
MT4, MT5, cTrader, FxPro Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
The HF Group originally started in Mauritius in 2010, and our research indicates that the broker has evolved into a globally known broker operating in various jurisdictions.
The broker was originally known as HotForex and had a simple goal: to provide comprehensive trading services that fulfill traders’ different demands and needs.
We were impressed with the numerous regulatory compliances and footprints the broker has acquired since its inception. In addition to Mauritius, it is licensed in South Africa, Europe, St Vincent and the Grenadines, Cyprus, and Seychelles. This inspires Filipino traders to trust the company.
Through the years, HFM steadily extended its offerings, keeping up with technical advancements and providing access to diverse markets and products to offer great opportunities for Filipino traders.
It was also clear that HFM offers exceptional service globally since the website indicates it has received over 60 industry awards through the years of operation. HFM’s industry recognition, as seen by its multiple awards, reinforces its position as a leading broker.
Alongside an enhanced MetaTrader 4 and 5 offering and quality research, HFM offers a proprietary copy trading platform that is an advantage to any copy trader.
HFM also offers a good selection of nearly 1,000 CFDs, which includes over 100 forex pairs. We also realized that the broker’s trading costs are slightly above the industry average across its spread-only accounts.
HFM offers several account types that will suit the needs and skills of beginner and more advanced traders. Most accounts have no minimum deposit requirements and extremely competitive trading fees. We would most definitely recommend HFM for Filipino traders.
How much funding do I need to start trading within HFM?
HFM does not require a minimum deposit to start trading. Traders can determine how much money they want to deposit to start trading.
How does HFM's global reach benefit traders compared to other brokers?
HFM’s global presence includes Africa, Asia, and Europe, with licenses in most jurisdictions. This ensures a diverse trading environment compared to some regionally focused competitors.
At a Glance
| 🔢 Established Year | 2010 |
| Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣Ease 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 | USC, USD, 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, 5814,75 PHP ($100) on the Pro account, and 14536,87 PHP ($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 | USA, Canada, Sudan, Syria, Iran, North Korea. |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Metals, Energies, Indices, Stocks, Bonds, Commodities, Crypto CFDs, ETFs |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
HFM is not regulated by Bangko Sentral NG Pilipinas (BSP). However, HFM’s global regulations are listed in the table below.
Global Regulations
| 🔍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 | N/A | DFSA | 2 | F004885 |
| 🥉HF Markets (UK) Ltd | United Kingdom | 11118651 | FCA | 1 | 801701 |
| 🏆HFM Investments Limited | Kenya | N/A | CMA | 2 | 155 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 🗣️Compensation Fund Member | ✅ Yes |
| 💵Compensation Amount | 5 million EUR |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
Does HFM keep client funds in segregated accounts?
Yes, it is a requirement of the regulatory policies that HFM should keep client funds in separate accounts from those of the broker.
Does HFM have a risk policy plan in place?
The Company continually identifies, assesses, and monitors each risk associated with its operations.
This means continuously assessing the effectiveness of the policies, arrangements, and procedures in place, which allow the company to easily cover its financial needs and capital requirements at any time.
Awards and Recognition
Since HFM’s inception in 2010, it has received over 60 excellence awards. We found the following recent awards:
✅2024 – Best Global Affiliate Programs by FX Daily Info
✅2024 – European Services Awards 2025 by the With Intelligence Awards.
✅2023 – Top 100 Companies by World Finance Magazine.
✅2023 – best Trading Accounts Global by World Business Outlook.
✅2023 – Best Stock Broker by FX Awards.
✅2023 – Best Online Trading App by CFI.CO.
✅2023 – Best Trading Platform Broker by FX Daily Info.
Account Types
| 🔍Account Types | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇Cent Account | 0 PHP | 👉 Click Here | 1:2000 | All |
| 🥈Premium Account | 0 PHP | 👉 Click Here | 1:2000 | All |
| 🥉Zero Account | 0 PHP | 👉 Click Here | 1:2000 | All |
| 🏅Pro Account | 5,814 PHP ($100) | 👉 Click Here | 1:2000 | All |
| 🏆Pro Plus | 14,536 PHP ($250) | 👉 Click Here | 1:2000 | All |
Cent Account
The HFM Cent Account is ideal for Filipino beginner traders. It offers trading in cent lots, which is perfect for those who want to learn forex without risking significant amounts of capital.
This account does not require a minimum deposit, and variable spreads start at 1.2 pips, making it accessible for many traders.
Additionally, all the platforms are available for trading only in gold and forex.
Premium Account
The Premium account provides added advantages to the more advanced traders with spreads starting from 1.2 pips and leverage up to 1:2000.
The account also requires no minimum deposit and supports a wide range of trading instruments that can be accessed through the MT4 and MT5 platforms and the HFM proprietary app.
There is no commission charged, and traders will benefit from this account if they trade substantial volumes. It allows traders to handle up to 60 standard lots per position and a maximum of 500 open orders simultaneously.
Zero Account
The Zero account is tailor-made for traders who engage in high-volume trading and scalping. Where the other account charges no commission, the Zero account offers a commission-based pricing structure from $0.03 per 1k lot.
It has variable spreads starting from 0 pips on leverage up to 1:2000. It does not require a minimum deposit, and trading can be done on all the trading platforms on various trading instruments.
Pro Account
This account is designed for the more experienced trader. Competitive spreads start at 0.5 pip and leverage up to 1:2000.
Trading can be done on all three trading platforms and on all the trading instruments. To open this account, a minimum deposit of 5,814 PHP ($100) is required.
The account also supports trading in larger volumes, with the ability to hold up to 60 standard lots per position and 300 simultaneous open orders.
The Pro account would appeal to seasoned traders who want to gain a competitive edge in fast-paced markets.
Pro Plus Account
The Pro Plus Account was added as an extension of the Pro Account and focuses on professionals with significant wealth and institutional traders.
Variable spreads start from 0.2 pips on a maximum leverage of 1:2000, and the minimum deposit requirement is 14,536 PHP ($250).
Filipino traders can execute sizable orders without causing major market fluctuations.
Islamic Account
Sharia law-following traders can use the HFM Swap-free Islamic Account without paying for or receiving swaps. It is only offered on some account types, which can be obtained by contacting the customer support team.
This account ensures that traders of all skill levels and styles find a suitable base account among those that HFM allows to be converted into a Swap-Free Account.
A further advantage of this account is that it is also offered to everyone who trades with HFM, empowering everyone.
A notable advantage is that Muslim traders can achieve their full potential with an Islamic Account while still following Islamic financial rules. However, several instruments may face Carry Charges after a position has been rolled over for a sequential period of days.
Demo Account
Our investigation into the demo account offered by HFM was dynamic. We found that traders are offered $100,000 in virtual funds to practice trading without risking their own funds for one month.
Filipino traders who are just starting in the foreign exchange market and need more time to gain experience will find the demo account helpful.
It offers the same features and advantages of any real trading account, trading on the platforms and with access to all the trading instruments.
Does HFM offer traders the option to open a demo account?
Yes, new and advanced traders can open a demo account to practice trading with.
Which live account would be the best one to recommend to Filipino traders?
The commission-based Zero Spread account offers traders the most competitive overall trading environment due to the lowest available trading fees.
How to Open and Account Step-by-Step
To register an account with HFM, you can follow these steps:
Step 1: Go to the official website and click on the green “Register” button
Step 2: Complete the online registration form
Step 3: Wait for confirmation from HFM
Clicking on this link will validate your email address and redirect you to the HFM client portal. You must upload a copy of your ID or passport and a utility bill or bank statement to validate your residential address. This is necessary for HFM’s KYC procedure.
- The next step is answering a questionnaire on your financial situation, trading habits, and experience. This allows HFM to tailor their services to your specific requirements.
- HFM will now verify your provided information, and once your verification is complete, you’ll receive an email containing your login information.
Does HFM a PHP account for Filipino traders
No, HFM does not have a dedicated PHP account.
How long does HFM verification take?
The verifications department will check your documents within 48 hours.
Overall Rating
- 4.8/5
Min Deposit
USD 0/ 0 PHP
Regulators
MT4, MT5, HFM Platform
Trading Desk
MT4, MT5, cTrader, FxPro Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
HFM offers Filipino traders the following Trading Platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️HFM Platform
MetaTrader 4
HFM’s MetaTrader 4 platform is a good choice for Filipino traders. It is a robust but user-friendly platform and can be downloaded for free on a desktop or any mobile device.
Filipino traders will benefit from fast execution times and low-latency trading. MT4 is also enhanced by HFM’s customization capabilities, which include complex charting tools and several technical indicators not available on other platforms.
Filipino traders can navigate unpredictable markets through these added tools since they provide exact trend identification and risk management.
Traders will have access to the competitive spreads offered by HFM and combined with the platform’s automated trading capabilities, this tool allows traders to execute deals at ideal pricing, which could increase their profits.
MetaTrader 5
MetaTrader 5 is the improved version of MT5, and our findings indicate that MT5’s multi-asset trading functionality is substantially enhanced. Users can trade stocks, currencies, and futures from a single interface.
We further determined that MT5’s powerful scripting facilities for developing custom indicators and trading robots outperform those found in MT4.
Another added bonus was the Depth of Market (DOM) function. This delivers real-time market depth data, proving useful in understanding market dynamics and making sound trading decisions during our assessment.
Filipinos can customize the Filipino financial markets’ more complex and precise algorithmic trading strategies.
HFM Platform
Our research of the proprietary HFM Platform or App showed that this mobile design makes it ideal for Filipinos who want to trade on the go.
The app allows Filipinos to do all their trading from the app, including all administration features, and to examine their account history.
The real-time updates on price alerts and market movements keep Filipino traders well informed, allowing them to trade successfully.
It also incorporates advanced security features, including biometric verification, to provide a secure trading environment. This is very important in today’s fast-paced financial world, where hackers can damage your capital.
Can I trade on my MT4 account using an MT5 platform?
No. The MT5 platform works only with MT5 accounts, and the MT4 platform with MT4 accounts.
Can I trade with my Premium trading account on the HFM platform and MT4 and MT5?
Yes, the Premium account is also supported on the MT5 and MT4 platforms. You can use the same trading account to log in and trade on both platforms.
Range of Markets
HFM offers Filipinos the following asset classes that can be traded across account types and trading platforms, allowing traders to diversify their investment portfolios and spread their risks:
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Forex | 50+ | 1:2000 |
| ➡️Metals | 1 | 1:2000 |
| ➡️Energies | 2 | 1:200 |
| ➡️Indices | 12 | 1:200/1:500 |
| ➡️Stocks | 50 | 1:14 |
| ➡️Commodities | 5 | 1:66 |
| ➡️Bonds | 3 | 1:50 |
| ➡️ETFs | 50 | 1:5 |
| ➡️Cryptocurrencies | 40 | 1:50 |
HFM vs BlackBull Markets vs BDSwiss – Broker Comparison
| 🔍Broker | 🥇HFM | 🥈BlackBull Markets | 🥉BDSwiss |
| ⌛Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | FSA, FMA | CySEC, FSC, BaFIN, FSA, Mwali International Services Authority |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 HFM App | TradingView cTrader MetaTrader 4 MetaTrader 5 WebTrader BlackBull CopyTrader BlackBull Invest ZuluTrade Myfxbook | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web |
| 💵Withdrawal Fee | None | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 0 PHP ($0) | 0 PHP ($0) | 581 PHP ($10) |
| ⬆️Leverage | 1:2000 | 1:500 | Up to 1:2000 |
| ✏️Spread | 0.0 pips | From 0.1 pips | From 0.0 pips |
| 💷Commissions | $6 per round turn | From $6 per lot | From $2 |
| 🛑 Margin Call/Stop-Out | 50%/20% | 75%/50% | 50%/20% |
| 🧑⚖️Order Execution | Market | Market, Instant | Market, Instant |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | None | ✅ Yes |
| 🗂️Account Types | Cent Account Premium Account Zero Account Pro Account Pro Plus Account | ECN Standard ECN Prime ECN Institutional | Cent Account Classic Account VIP Account Zero Spread Account |
| 👉BSP Regulation | None | None | None |
| 💴PHP Deposits | None | None | ✅ Yes |
| ✳️PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/5 | 24/7 | 24/5 |
| ➡️Retail Investor Accounts | 5 | 3 | 4 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots | 100 lots | 50 lots |
| ⏱️Minimum Withdrawal Time | 10 Minutes | Instant | Instant |
| 🕰️Maximum Estimated Withdrawal Time | 10 business days | 3 days | Within 24 hours |
| ✔️Instant Deposits and Instant Withdrawals? | None | ✅ Yes, both | ✅ Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads, and Commissions
Fees
We found that HFM offers great trading conditions, and the broker’s fee schedule is transparent across all accounts and markets. Everything is clear on the broker’s website.
Let’s look at what the trading and non-trading fees with HFM entail.
Spreads
HFM offers various account categories, with spreads on the Zero account starting at 0.0 pips and a $3 commission fee charged per traded lot.
Spreads on the Cent account also start at 0.0 pips, but there are no commission charges on this account or the Premium account, although the Premium account has spread as low as 1.0 pips. These two accounts will appeal to Filipinos who desire a basic pricing structure but without additional.
Spreads on the other commission-free trading accounts range from 0.2 pips on the Pro Plus to 0.5 pips on the Pro.
Commissions
HFM’s fee structure has no hidden agenda; clients can find this information clearly on the website. There are no commission charges on any account type except for the Zero Spread account, which has a predetermined commission of $3 per lot.
The no-commission accounts imply that Filipinos can keep their trading expenses low.
Overnight Fees
Overnight or rollover fees is an interest paid or earned from holding a position open overnight on a Derivative.
We determined that the HFM rollover policy aims to establish and maintain a fair fee across all the tradable securities and asset classes.
Throughout most of the available securities, apart from forex and gold, the rollover fee constitutes an internal interest fee plus or minus the rollover fee the broker gathers from the counterparties they collaborate with for that respective security.
For the remaining instruments, rollover fees are assessed continuously and amended when needed.
Deposit and Withdrawal Fees
Our research showed that HFM does not charge any fees for deposits or withdrawals using any payment method. However, clients should remember that their bank might charge deposit or withdrawal fees.
Inactivity Fees
There are also no inactivity fee charges, so traders do not need to worry about added expenses if their account lies dormant for a long period.
Currency Conversion Fees
HFM does not offer a variety of base currencies; we could only find that it accepts the USA and ZAR. For Filipinos who want to deposit or withdraw in pesos (PHP), currency conversion fees will probably be charged, although this is not clearly stated on the broker’s website.
How long does it take for my withdrawal funds to reach my bank account?
The time needed for the funds to reach your bank account depends on your payment method. Withdrawal can be anything between 10 minutes and 10 days.
How can I cancel my withdrawal?
You can contact customer support via Live Chat for immediate assistance to cancel your withdrawal request.
Overall Rating
- 4.8/5
Min Deposit
USD 0/ 0 PHP
Regulators
MT4, MT5, HFM Platform
Trading Desk
MT4, MT5, cTrader, FxPro Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and 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
Bank Wire
✅You must log in to your HFM account and navigate to the ‘Deposit’ area.
✅Choose ‘Bank Wire Transfer’.
✅HFM will supply you with their banking information, including account number and SWIFT code.
✅Set up a wire transfer from your bank account to the HFM account.
Credit or Debit Card
✅Log into your HFM account and navigate to the ‘Deposit’ area.
✅Choose ‘Credit Card’ or ‘Debit Card’.
✅Enter your card information, including the number, expiration date, and CVV code.
✅Fill in the deposit amount.
✅Confirm the transaction.
Cryptocurrency
✅Log into your HFM trading account and navigate to the ‘Deposit’ area.
✅Choose “Crypto” as your chosen deposit method.
✅HFM will create a unique wallet address for the coin you want to use.
✅Transfer the cryptocurrencies from your wallet to the specified HFM wallet address.
e-Wallets or Payment Gateways
✅Log into your HFN trading account and navigate to the ‘Deposit’ area.
✅Choose “Skrill”.
✅When redirected to the e-wallet login page, enter your e-wallet credentials.
✅Choose the deposit amount and complete the transaction.
Withdrawals
Bank Wire
✅Navigate to your HFM account and go to the ‘Withdrawal’ area.
✅Choose ‘Bank Wire Transfer’.
✅Provide the banking information.
✅Enter the withdrawal amount.
✅Submit the withdrawal request.
Credit or Debit Cards
✅Navigate to your HFM account and go to the ‘Withdrawal’ area.
✅Choose ‘Credit Card’ or ‘Debit Card’.
✅Enter the withdrawal amount and check that your card information is correct.
✅Submit the withdrawal request.
Cryptocurrency
✅Navigate to your HFM account and go to ‘Withdrawal.’
✅Choose ‘Crypto’.
✅Select the coin you wish to withdraw from and enter your wallet address.
✅Enter the withdrawal amount
✅Confirm and submit the withdrawal request.
e-Wallets or Payment Gateways
✅Navigate to your HFM account and go to ‘Withdrawal.’
✅Choose ‘Skrill’.
✅Log in to your e-wallet if necessary and confirm the withdrawal amount.
✅Complete the withdrawal request.
Can Filipino traders deposit in PHP with HFM?
Filipino traders cannot deposit in their local currency peso (PHP).
Can I deposit into my HFM account using a Visa or MasterCard?
Yes, you can deposit into your HFM account using a Visa or MasterCard.
Leverage and Margin
Regarding our research on HFM’s leverage and margin services, we concluded that the broker offers competitive trading conditions for Filipinos.
The highest leverage offered is 1:2000 leverage on most currency pairings. The broker also warns that trading leverage is high-risk and that Filipinos must consider their trading skill and objectives before applying leverage.
As always, margins work hand in hand with the leverage used. Margin indicates the capital required to establish and maintain a position and is indicated as a percentage of the entire trade value.
For example, with a leverage ratio of 1:2000, as HFM offers, the margin needed is 0.2%. This means that for every $2,000 traded, the trader will require $2 in their account as a margin.
How do I manage my risk with HFM?
Through the limit orders and the stop loss orders. A limit order restricts the maximum price to be paid or the minimum price to be received. A stop-loss order sets a particular position to be automatically liquidated at a predetermined price to limit potential losses should the market move against an investor’s position.
What leverage is applied to my account?
Leverage available for HFM trading accounts is up to 1:2000 on all account types.
Educational Resources
Our research in HFM’s education and tools clearly showed that the broker is dedicated to providing traders with comprehensive educational resources, materials, and various tools regardless of their skill level.
Below, we have indicated what we have found.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | ✅ Yes |
| ➡️Trading Central | ✅ Yes |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | None |
| ➡️eBooks | None |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ Yes |
HFM also offers the following additional tools and research:
✅Advanced Insights – in-depth research and strategic assistance on complicated trading scenarios suited to experienced traders.
✅Events – Conduct various trading-related events that provide networking opportunities and direct connections with market specialists.
✅Podcasts – include interviews with trading pros and market analysts who share insights into trading methods and market movements.
✅Online Trading Courses cover various topics for effective trading, allowing flexibility and thorough knowledge.
Does HFM offer seminars for Filipino traders at HFM?
Yes, the broker does offer seminars from time to time.
Does HFM provide live webinars?
Yes, these are designed to improve clients’ forex knowledge and help them hone their trading.
Bonuses and Promotions
Supercharged Bonus
The HFM 100% Supercharged Bonus applies to the minimum deposit and is designed to enhance traders’ trading power by matching their initial deposits with 100%. The bonus can go up to $50,000, and rebates can go up to $8,000.
Top-up Bonus
This bonus is a continuous incentive. Traders receive a 20% top-up bonus on every deposit. This bonus is perfect for Filipino traders who want to boost their trading volume and maximize their potential returns.
Olympic Games Hype
This promotion allows Filipino traders to win a trip to the Paris 2025 Olympic Games. The package includes VIP tickets, flight tickets, and deluxe hotel accommodations for two individuals. To be eligible, participants must make a qualifying deposit between April 1 and May 28.
Elite Affiliate Promotion
The Elite Affiliate Promotion allows traders to earn substantial commissions by referring new clients to HFM.
Participants who qualify receive a portion of the $200,000 prize pool, which is determined by the trading activity of the referred clients.
However, there are some terms and conditions, and the promotion only runs for a certain period, which can be found on HFM’s website.
Gadget Giveaway
The HFM Gadget Giveaway allows traders to win the latest gadgets, including the newest iPhone, by simply following them on their social media channels.
Filipino traders must look out on social media platforms to get notified about the next contest.
Traders Awards 2025
With the Traders Awards 2025, HFM recognizes traders’ achievements, presenting them with a highly esteemed HFM Crystal Obelisk and a generous cash prize of $1,000 for the top trader of each month.
Loyalty Program
The Loyalty Program offered by HFM is designed to recognize and reward traders who actively participate on the platform.
With this promotion, you trade your way to the top. Traders participate in 4 different reward levels. The more active trading days you accumulate, the more HFM Bars you’ll earn for each round-turn lot you trade. The bars can be exchanged for cash.
Demo Contest
The HFM Demo Contest allows traders to practice on a demo account and win prizes without the risk of losing real money.
Filipino traders can showcase their trading skills monthly in a risk-free environment and win bonuses.
HFM Merchandise
This promotion is for loyal traders and partners at HFM, where they can win a wide range of top-quality products branded with the HFM logo.
The products are not available for purchase, but through this promotion, HFM recognizes loyalty by giving traders HFM merchandise free of charge.
Filipino traders can read all about the above-mentioned bonuses and promotions on the HFM website.
Does HFM offer a sign-up or welcome bonus?
Yes, HFM does offer a 100% sign-up bonus where traders can double up on their initial deposit.
How do I claim my HFM top-up bonus?
The top-up bonus will automatically be added to your trading account.
Affiliate Program
Features
According to our research, the HFM Affiliates program is one of the industry’s leading programs, featuring competitive commissions, marketing tools, and exceptional support.
It provides a great opportunity for Filipinos to explore the forex market using their connections. The program is committed to offering personalized products and attractive commissions, cultivating a seamless and rewarding partnership with its affiliates.
The Affiliate program with HFM offers a range of partnership programs that can be tailored to align with each person’s unique goals and abilities.
Filipino traders can earn up to $30 commissions from direct referrals and offer rewards for the trading activities of sub-affiliates clients.
HFM also assists its affiliates through its specialized partner team. This team ensures that affiliates have the essential tools and information for success.
We found that Filipinos can greatly profit from the HFM’s affiliate program. It is organized and supportive, providing competitive commissions, a simple onboarding process, and extensive support.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on “Become an Affiliate” in the top right corner
Step 2: Click on “Join Now”
Step 3: Complete the online application form
Step 4: Wait for confirmation from HFM
An HFM partner manager will contact you within 36 hours after your submission. He will introduce you to the Partner Program and provide instructions to activate your affiliate account.
Next, you will receive a unique link that gives you access to your partner room, where you will manage all of your affiliate activities.
- You will also have to upload the relevant usual KYC papers.
- Once your account has been fully activated, you can use promotional materials, such as landing site banners and movies, offered in the partner room to promote HFM.
- Use the Ref-ID provided to track the clients you recommend and the commissions you receive from their trading activity.
How much does HFM pay per referral in its affiliate program?
HFM Affiliates offers up to $30 per lot for your referred direct clients, and in addition, also offers a commission for the sub-affiliates program.
How do you get paid as an affiliate?
Affiliates earn money through commissions by promoting products or services and driving leads or sales for HFM.
Customer Support
| 🫴🏻 Customer Support | 👥HFM Customer Support |
| ⏰Operating Hours | 24/5 |
| 👉Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | [email protected] |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of HFM Support | 4/5 |
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 |
How can Filipino traders contact HFM Customer Support?
Filipino traders can contact HFM Customer Support via telephone, email, or live chat.
Can I get customer support from HFM on weekends?
Yes, HFM offers 24-hour trading, 5 days a week, which means they can be reached from Sunday night to Friday night.
Social Responsibility
In exploring HFM’s website, we found that the broker is very involved in various community and worldwide programs. This demonstrates HFM’s dedication to its social responsibility.
As part of the broker’s Corporate and Social Responsibility (CSR), it drives several initiatives to have a lasting impact on society and the planet.
We found the following initiatives mentioned on the broker’s website:
✅In 2020, HFM donated to the World Health Organization to support its fight against the Covid-19 pandemic.
✅In 2019, HFM made a charitable donation to stop fires in the Amazon rainforest
✅Another mentioned initiative is donating gifts to hospitals and charities, like the Larnaca Lions Club in Cyprus.
✅In line with its commitment to social responsibility and supporting charitable causes, HFM donated a huge amount to the Sophia Foundation for Children in Kenya during a fundraising event and gala dinner held at the Presidential Palace in Nicosia.
These are but a few of the organizations that HFM is involved in in its CSR program, and Filipinos can rest assured that the broker takes its social responsibilities seriously.
User Comments and Reviews
HFM has been operating for years and has collected thousands of user comments and reviews. We’ve researched several reputable review sites for three top recent reviews from traders:
🥇“Really love the service, the simplicity offered by HFM! By far the best decision moving to HFM. Cheers!”
🥈“There have been no problems encountered using the HFM system. Deposits and withdrawals are easy, convenient, and receive very fast service. There are employees periodically asking about usage problems. The staff gives advice. Always notify about good promotions. The account I am using does not charge swap fees for orders placed across the day and low space value.”
🥉“I am not much of an experienced trader but I know tight spreads when I see them. And I’m telling you the Zero account type on this trading platform has it all. Not only tight spreads, but the overall costs of trading on this account are quite fine. For raw spreads account type, the fees that they charge for opening and closing positions are one of the lowest I saw around!”
In Conclusion
Even though HFM is not directly regulated in the Philippines, it is strictly regulated by numerous regulatory bodies and committed to providing a safe and customizable trading platform.
With its unique in-house trading app, the broker offers trading on various financial instruments on the popular and globally renowned MetaTrader platforms.
Our Insight
In my opinion, HFM is a good option for Filipino traders. The spreads are relatively low, and the fee structure is transparent, so Filipino traders will know exactly what costs are involved in their trading endeavors.
Our Recommendations
Here are a few recommendations based on our comprehensive review of HFM:
✅More local payment methods for Filipino traders can assist them in managing their funds more effectively and avoiding currency conversion fees.
✅HFM does not offer a variety of payment methods, and it would be advantageous for Filipino traders if local payment methods were offered.
✅Although HFM offers diversifying tradable assets, there is always room for adding additional stocks, bonds, and commodities.
Pros & Cons
| ✅Pros | ❌Cons |
| HFM offers a free, unlimited demo account across platforms | Filipino traders cannot deposit funds in their local peso (PHP) currency. |
| HFM has global reach, providing Filipinos liquidity and access to several markets | Currency conversion fees apply. |
| HFM is multi-regulated and holds licenses from top entities worldwide. | HFM is not locally regulated in the Philippines. |
| Offers trading on MetaTrader 4 and MetaTrader 5. | Trading costs exceed the industry average across all account types except for its commission-based zero account. |
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Frequently Asked Questions
How do I log in to the trading platform?
You need to use the login details you have received on your registered email address after registering for a live or demo trading account.
Does HFM provide incentives or promotions to Filipino traders?
Yes. HFM provides numerous incentives and promotions, which Filipino traders can benefit from to enhance their trading experience.
What are the minimum trading volumes with HFM?
The minimum trading volumes will depend on the account opened. However, the minimum trade size is 1 micro lot (0.01 lots).
What leverage options does HFM provide to traders in Filipino?
HFM provides leverage options up to 1:2000, letting Filipino traders open and hold significant positions with a lesser initial outlay.
Is HFM regulated?
Yes, HFM is well regulated through FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA.
