This article explains the necessary documents, identification documents, how to start trading, benefits, points to note, procedures, and methods for opening an account with HFM (HotForex), with images and other information. HF Markets is a highly popular and trusted FX broker worldwide. With numerous traders around the world, it’s a recommended FX broker for those looking to try foreign exchange. It’s a long-established broker with over 10 years of operation, so there’s no risk of funds being stolen.
- HFM Basic Information
- HFM Overview and Features
- Documents Required for Opening an HFM Account
- Restrictions on Opening an HFM Account
- Restrictions on Use Until Identity Verification is Completed
- Names on Identity Verification Documents and Address Verification Documents Must Match
- There is a limit to the number of accounts.
- There are limits on the number of accounts that can be created per account type.
- There are general eligibility requirements, such as age.
- Minimum deposit amount varies by “account type,” not “account opening”
- Leverage and trading conditions may be restricted even after account opening
- How to open an account
- Account opening bonus and deposit bonus
- FAQ
- Is copy trading possible?
- Is there a difference between myHF account and trading account?
- Are there any account maintenance fees?
- What trading tools are available?
- What is the maximum leverage?
- Can I create additional accounts?
- Do you have a demo account?
- Do you have a corporate account?
- Do you have an Islamic account?
- Can I cancel or withdraw from my account?
- Related
HFM Basic Information
| Company Name | HF Markets（SV） Ltd. |
| Year of establishment | 2010 |
| Service Overview | A large brokerage providing services in over 180 countries worldwide with millions of registered accounts |
| Financial products handled | Foreign Exchange (FX), Stock Indices/Commodities, Stock CFDs/Cryptocurrencies |
| Trading Platform | MetaTrader 4（MT4）、MetaTrader 5（MT5） |
| Maximum Leverage | 2,000x |
| User Support | Multilingual support |
| Financial License | ✔ FCA (UK, Financial Conduct Authority) ✔ FSCA (South Africa) ✔ DFSA (Dubai) ✔ FSA (Seychelles) |
| Deposit and Withdrawal Methods | Bank transfer Credit/Debit card (VISA/Master/JCB, etc.) bitwallet / BXONE / Binance Pay / Cryptocurrency |
| Account Type | Cent Account Premium Account Pro Account Zero Account Top-up Bonus Account |
HFM Overview and Features
Below is a section outlining HFM’s overview and features.
HFM Overview
HFM is an overseas broker offering FX and CFDs. Its official Japanese website highlights its strengths, including over 1,200 trading instruments, leverage up to 2,000x, and numerous bonus campaigns.
HFM is the former HotForex brand, now operating under the HFM name. Its official Japanese blog also uses the HFM brand name consistently to explain various services and trading environments.
HFM’s Main Trading Products
One of HFM’s key features is its wide range of trading instruments. Its official Japanese website states that it offers over 1,200 instruments in total, and its strength lies in its ability to handle multiple CFD products in addition to FX.
Furthermore, official articles related to copy trading indicate that account types can target FX, gold, energy, indices, cryptocurrencies, and more. This makes it user-friendly for those who want to trade multiple assets with a single broker.
Features of HFM’s Trading Environment
HFM supports the standard trading platforms MT4 and MT5. Official Japanese articles consistently provide information on MT4 and MT5 apps, creating an environment conducive to mobile trading, chart analysis, and EA (Expert Advisor) operation.
In addition, HFM offers its own dedicated app. Official articles state that account opening, deposits, chart analysis, order placement, and withdrawals can all be completed using this app alone, making it highly suitable for those who primarily use their smartphones.
Features of HFM’s Leverage
A major feature often cited for HFM is its maximum leverage of 2,000x. Official Japanese articles state that the maximum leverage is 2,000x for four account types: Cent, Zero, Pro, and Premium, while the Bonus and Copy accounts offer a maximum leverage of 1,000x.
However, official articles also explain that 2,000x leverage is not always available for all accounts and instruments; it may be restricted depending on the account type, instrument, and margin requirements. This is a point where you should not jump to conclusions based solely on the headline, but also consider the actual conditions.
Features of HFM Account Types
HFM is characterized by its ease of choosing an account type based on your trading style. The official article introduces Cent Accounts, Zero Accounts, Pro Accounts, Premium Accounts, Bonus Accounts, and Copy Accounts.
For example, there are accounts tailored to different purposes, such as the Cent Account for small amounts, the Zero and Pro Accounts for those who prioritize narrow spreads, and the Bonus Account for those who want to easily utilize bonuses. The official article also mentions the ease of having and using multiple accounts.
HFM’s Copy Trading Function
HFM supports not only regular discretionary trading but also copy trading. The official Japanese article explains the conditions for followers and strategy providers, as well as the types of copy accounts.
The copy trading accounts are compatible with MT4 and MT5, have a maximum leverage of 1,000x, and the minimum deposit amounts differ for each account type, making them easy to use even for those who are still unsure about making all the decisions themselves.
HFM’s Copy Trading Function Features of HFM’s Fund Management System
HFM uses “My Wallet” as its fund management system. According to official articles, My Wallet is a function for temporarily storing personal funds and is also used for fund transfers.
Documents Required for Opening an HFM Account
The documents required for opening an HFM account are basically two types: proof of identity (ID) and proof of current address. The official HFM Japanese account opening guide also states that these two documents are required.
Proof of Identity
The official HFM website lists the following documents as valid proof of identity:
Passport
My Number Card (Japanese Social Security Number Card)
Driver’s License
The English FAQ also lists passports, national IDs, and driver’s licenses as valid photo IDs with a valid expiration date.
Proof of Current Address
The official HFM Japanese website lists the following as examples of documents that can be used to verify current address:
Credit card statements
Utility bills/receipts
Certificate of Residence
Bank account statements
Credit card statements
Mobile phone bills
Tax certificates, etc.
These documents must have been issued within the past six months and clearly show your name, actual address, and issuing authority.
Key Points When Submitting Documents
HFM’s English FAQ advises submitting color scanned copies of identity verification documents in PDF or JPG format. Address verification documents must also be issued within the last six months and clearly show your name and address.
The official Japanese blog also recently provides instructions for submitting documents by taking real-time photos with a smartphone or webcam.
Restrictions on Opening an HFM Account
Restrictions on opening an HFM account are best understood by organizing them into the following categories: completion requirements for identity verification, the number of accounts that can be created, age and name rules, and conditions for each account type. There are restrictions not only on whether you can register, but also on how much you can use the service after opening.
Restrictions on Use Until Identity Verification is Completed
Even after opening an account, HFM has restrictions on deposit reflection until the approval of identity verification documents and activation of myHF are complete. The FAQ also states that deposits will be reflected in the account after document approval. In other words, even if you complete the registration first, it will be difficult to proceed with full use until verification is complete.
Names on Identity Verification Documents and Address Verification Documents Must Match
The HFM FAQ clearly states that the name on the identity verification document and the name on the address verification document must match. If the names do not match, account opening and verification may be stopped. Differences in maiden names, abbreviations, and Romanization are also points to be careful about.
There is a limit to the number of accounts.
According to HFM’s official Japanese articles, you can open a maximum of 10 real accounts and a maximum of 6 demo accounts per account. Therefore, you cannot create an unlimited number of accounts. While you can use multiple account types, you must manage your limits.
There are limits on the number of accounts that can be created per account type.
The Japanese articles on required documents specify the creation limits for each MT4/MT5 platform for each account type. While the display is quite detailed, the point is that you cannot create as many accounts as you like for any account type; there are limits for each type. Some types, especially Zero accounts, have individually set limits.
There are general eligibility requirements, such as age.
Naturally, minors cannot open an HFM account. While it was difficult to find Japanese articles that explicitly mentioned age requirements in this search, the basic practical requirements for opening a financial account are being an adult and registering in your own name. At the very least, opening an account under someone else’s name or jointly is not intended.
Minimum deposit amount varies by “account type,” not “account opening”
This is a point that is easily misunderstood. While opening an account with HFM is free, some account types have initial deposit requirements. For example, the Pro account is advertised in Japanese articles as having a minimum initial deposit of 13,000 yen. On the other hand, some articles state that there is no minimum deposit requirement for Cent accounts and Bonus accounts at the time of account opening.
Leverage and trading conditions may be restricted even after account opening
Even if you can open an account with HFM, you cannot always use the maximum leverage. Official Japanese articles state that leverage restrictions apply depending on the account type, instruments, account balance, and market conditions. In other words, the stated specifications at the time of opening and the actual usage conditions are not entirely the same.
How to open an account
Opening an account requires three steps: account opening, identity verification, and trading account opening. You will need identity verification documents, so please prepare them. By the way, opening an account is very easy and only takes a few minutes. There are account types and platforms with narrow spreads such as MT4 and MT5, so we will compare and explain the latest details. There are no fees for opening an account. If you have any questions, visit Support and ask questions. Service is available all year round. Please have at least your ID ready.
| Things to prepare | |
| Open an account | email address and phone number |
| Identification | ID card, proof of address |
| Open trading account | – |
Let’s open an account first. Please click the button below.
Create account
You will be redirected to the homepage shown below. You can change the language from the top right of the screen. HF Markets supports 26 languages, so the homepage is user-friendly for people from most countries. We will explain the steps to proceed. You can choose the account you want, so you can choose before you start.
Source : https://www.hfm.com/
To open an account, click/tap “Open Live Account”.
Select “Individual”. Please fill in each of the forms below. If you check “I have read and agree to the privacy policy”, you will be asked a simple question to prevent unauthorized account opening. Finally, click “Register”. When completed, the “Registration Successful” screen will be displayed.
Country of residence: Please select the country where you live.
Phone number: You can register either a landline or a mobile phone. The country code is automatically entered when your country of residence is selected.
First Name: Enter the name below the account opener in romaji. Please enter your real name, not a nickname.
Last Name: Enter the surname of the account holder in romaji. Please enter your real name, not a nickname.
E-mail address: The e-mail address for obtaining e-mail authentication and account information. Please enter it correctly.
Date of Birth: Select from the pull-down menu in the order of day/month/year.
email authentication
After completing the account opening form, you should receive an email from the company regarding “Account Activation” to your registered email address. Click/tap “Account Validation” to verify your email. At the same time, you will also receive an email with the subject “myHF account login information”. Please be sure to save the information in this email. This is because it contains your account ID.
By completing the email authentication, an account ID and password will be issued, and you will be able to log in to the member page. If you do not receive an email, it may have been marked as junk or spam in your email settings. Please check your email settings. Your password will be a combination of uppercase letters, lowercase letters, numbers, and letters, so please at least write it down. Required to use the content.
Identification
After creating an account and verifying your email, you can actually log in. When you log in, click the “Click here” in the part surrounded by a red frame. Start creating your profile.
Since the personal information input screen is displayed, enter the contents that match the identity verification document. By the way, if you do not enter the correct information, the identity verification will not be completed. The following screen will appear, please enter each. The information required for input is as follows.
Country of Birth: Select the country of birth.
Salutation: Select a salutation.
Address 1: Enter the street address and building name where you live.
Address 2: Optionally enter information that could not be entered in Address 1.
Municipality: Enter the municipality where you are enrolled.
Prefecture: Enter the prefecture in which you are enrolled.
Postal Code: Enter your postal code.
Country of Residence: Enter your country of residence.
Communication preferences: Select the method of receiving information from the FX company.
Base Currency: Select your account currency.
Estimated Net Worth: Select your current net worth.
Education: Select your final educational background.
Employment Type: Enter your current employment type.
Funding Source: Select a funding source.
CFD Trading Experience: Select your CFD trading experience.
Have you ever been convicted of a crime or have an unsolved criminal charge? : Select “No” if you have not been convicted or suspected of a crime.
Are you a politically significant person (PEP) or affiliated with a PEP: Select ‘No’ if you are not a politically significant person.
Are you a US citizen or US resident for tax purposes? : Select “No” if you are not a US resident.
Checkbox: Check if you are over 18 years old and agree to the terms of use.
Now press “Save” to complete the user profile creation. Next, upload your documents. When you return to the home screen, there should be “Please authenticate your account” in the left menu of the red frame, so click it.
Submitting an ID. The following documents are valid: Documents must be within the validity period. Take a clearer photo with your smartphone or camera. If it’s blurry, you’ll be asked to resubmit. Select the document data from “Select file” and upload it from “Upload”.
Passport photo page
My number card (for Japan, submit both front and back)
Driver’s license (submit both front and back)
Submission of proof of address. The following documents are valid: Documents must be within the validity period. Take a clearer photo with your smartphone or camera. If it’s blurry, you’ll be asked to resubmit. Select the document data from “Select file” and upload it from “Upload”.
Bills of water, electricity, gas, etc.
within the last 6 months Statement of telephone charges
within the last 6 months Credit card statement
Documents of public institutions
Certificate of residence
Current address page of passport
It takes about 1 business day to confirm your identity with a document. Please note that the support center is closed on weekends and holidays. Once the identity verification is completed, the following e-mail will be sent to the registered e-mail address. Authentication is complete.
Opening a trading account
The last step is to open a trading account. There are multiple account types, each offering MT4 and MT5, so open an account with the conditions of your choice. Click “Open Account” from My Page on the official website. Accounts are introduced in the article below, but they may or may not be eligible for bonuses and campaigns. Personally, I recommend starting with a premium account. Investment stocks and products are also displayed in a list. Many professionals choose a zero account. The feature is that there are no bonuses and campaigns, but the spread is narrow.
Select the account type you want to use. Investors of any type can do PC demo trading even on their smartphones. Furthermore, you can freely set the lot etc. when placing a new order. The server is stable for all accounts, and swap points are generated.
When the next screen appears, it will be a screen to select MT4 or MT5, so please select either one.
The account setting screen will appear. After each input, complete with “Account Opening”. When an email containing the account number, password, and server name is sent to the registered email address, opening a trading account is complete. Please be sure to save this email. It is also necessary to log in to MT4 and MT5, which are trading tools.
Account opening bonus and deposit bonus
HFM holds deposit bonuses, account opening bonuses, etc. from time to time. Account opening bonuses may be held for a limited time, but unlike other bonuses, they have a usage deadline, so we recommend you to receive them as soon as possible. I will introduce it in the article below.
FAQ
Please refer to the list of frequently asked questions regarding account opening. HFM’s standard account has stocks such as commodities, precious metals, stocks, FX currency pairs, and virtual currencies. They have a wide range of products compared to ironfx, milton, axiory, XM, bigboss, exness, etc.
Is copy trading possible?
HFM allows copy trading. Copy trading requires opening a dedicated account, but in any case, you must first open an HFM account, so you will need to open an account before doing so.
Is there a difference between myHF account and trading account?
myHF account is an account that acts like a wallet. It is used not only for deposits and withdrawals, but also for transferring funds between trading accounts. This account will be automatically created when you open an account. On the other hand, multiple trading accounts can be created only for trading, which are opened after account creation.
Are there any account maintenance fees?
There are no account maintenance fees, but if you do not trade for two months, your account will become dormant and account maintenance fees will be charged after 90 days. Please note that it will cost you $5 every month until your account balance reaches 0 yen.
What trading tools are available?
Trading tools include MT4 and MT5. Don’t worry, you can use major tools.
What is the maximum leverage?
The maximum leverage is 2000x, which allows you to trade with quite high leverage, making it possible to trade with small amounts.
Can I create additional accounts?
HFM allows you to create additional accounts. By managing multiple accounts, you can use various account types.
Do you have a demo account?
HFM has a demo account. Demo accounts do not use any real money, so there is no risk. If you are a beginner, we recommend that you first get used to the experience with a demo account before opening a real account.
Do you have a corporate account?
HFM offers corporate accounts. However, while corporate accounts have many advantages, they also have many disadvantages, so please consider the overall situation before deciding to open one. Be sure to inquire about financial services in advance.
Do you have an Islamic account?
HFM has users from all over the world trading, so they also offer an Islamic account. Users must prove that they are Muslim. Islamic accounts are free of swap points. Swaps are free, assets and margin can be used in the same way as normal accounts, and there are promotions. It’s a great deal because it can be explained in one step. Customers can complete registration in 5 minutes.
Can I cancel or withdraw from my account?
With some exceptions, HFM allows you to cancel or withdraw from your account by application. If you are tired of trading, please refer to the following article, which provides the latest information from the operating company, to close your account. It is smooth because it is automatically processed by default. Please withdraw your profits from the market yourself before doing this. The official terms and conditions allow you to start using all the functions during business hours.
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