I-HFM/ Hotforex Broker Review for South African Traders (2024) 🔎

Overall, this HFM broker review found that Hotforex is an excellent and reliable choice for South African traders. It offers various features and services, competitive spreads, and a regulated environment.

In this blog post, we will take a closer look at HFM broker and provide a comprehensive review of its features and services. We will also discuss the pros and cons of using HFM broker, and help you decide if it is the right choice for you.

I-HFM Broker Review Overview

HFM is an award-winning, high-regulated Forex, indices, Stocks, and commodities global broker headquartered in the UK. The broker boasts of over 3,5 million accounts opened by happy clients and it has won over 25 industry awards.

🔎 Igama lomthengisi	I-HFM
⚖ Umthetho	CySEC, FCA, DFSA, FSCA, FSA
📆 Unyaka wokusungulwa	2010
💳 Idiphozithi encane	$5 USD/ R70
💹 Izinhlobo zezimpahla ezidayiswayo	Forex, Metals, Energies, Shares, Indices, Bond, Commodities, DMA Stocks, ETFs
🎁 amabhonasi	Yebo, Kuhlanganisa I-$ 50 Ayikho ibhonasi ye-Deposit
🕹 I-akhawunti yedemo	✔Yebo
💲 Izinhlobo zemali eziyisisekelo	USD, ZAR
💰 Izindlela zokukhokha	Skrill, Neteller, Debit Card, Wire Transfer, Credit Card, fasapay, Vload
🧾 Izinhlobo ze-akhawunti	I-Cent, Imali ekhokhwayo, VIP, I-Zero Spread, Fixed, i-akhawunti yamaSulumane
📈Ingabe ama-akhawunti amaningi asekelwe	✔Yebo
📊 Ingabe i-PAMM & Copy trader iyasekelwa?	✔ Yebo

HFM Broker Review: Account Types

🔎 -Akhawunti	📈 Cent -Akhawunti	💹 I-akhawunti ye-Premium	⏬ I-akhawunti ye-HFcopy	📊 Zero Spread Account	📊 I-Akhawunti ye-Pro
💳 Idiphozidi encane	$5/ R70	$100/ R1400	$300 (USD only)	$200/ R2800	$100
.️‍♀️ Leverages	1:1000	1:500	1:400	1:500	1:2000
💲 sisabalala	Kusuka ku-1 pip	Kusuka ku-1 pip	Kusuka ku-1 pip	Kusuka ku-0.0 pips	Kusuka ku-0.0 pips
🏧 Ikhomishini	Cha	Cha	Cha	Yebo	Yebo
🧾 Oda Ukubulawa	Market Ukubulawa	Market Ukubulawa	Market Ukubulawa	Market Ukubulawa	Market Ukubulawa
♻ Shintsha- Mahhala	✔Yebo	✔Yebo	✔Yebo	✔Yebo	✔ Yebo
🚀 Vula i-Akhawunti	???? Chofoza lapha	???? Chofoza lapha	???? Chofoza lapha	???? Chofoza lapha	???? Chofoza lapha

I-akhawunti ye-HFM Cent

The HFM Cent account is an excellent choice for novice traders who want to put their trading skills to the test and learn the dynamics of the real market – all while not investing too much of their trading funds. The minimum deposit is $0 and the leverage is up to 1:2000.

I-akhawunti ye-HFM Premium

The Premium account requires a minimum deposit of $100 R1400 and offers a maximum leverage of 1:500. If you have a little more experience under your belt, then the Premium account is a better option for you. With the Premium account, you can open larger positions and benefit from tighter spreads.

I-akhawunti ye-HFM Zero Spread Account

The Zero Spread account is designed for traders who prefer to trade with no spreads. It requires no minimum deposit and offers a maximum leverage of 1:2000. The Zero Spread account charges a commission that starts as low as $0.03 per 1K lot.

I-akhawunti yekhophi ye-HFM

The HFM Copy Account allows traders (followers) to automatically copy the trades of other successful traders (strategy providers, SPs). SPs can open an HFcopy Account to build their inventory of Followers and trade in exchange for a Performance Fee as high as 50%.

 The minimum deposit is 300 USD for SPs and 100 USD for Followers, and accounts are only denominated in USD. Spreads start from 1 pip.

I-akhawunti ye-HFM Pro

HFM Broker offers a Pro account for traders who want to take advantage of advanced trading features and lower trading costs. The I-akhawunti ye-HFM Pro has ultra-low spreads, leverage up to 1:2000 and no commissions.

It is developed to suit the needs of a more experienced trader who wants to take their trading to the next level. The minimum deposit in ZAR is R1400 ($100) and the account allows you to trade all assets offered by HFM.

How To Open A HFM Real Account: Step-By-Step Guide

Isinyathelo 1: Vakashela ikhasi lokubhalisa i-akhawunti ye-HFM (Formely Hotforex).

Chofoza lapha ukuze uthole Iwebhusayithi ye-HFM ngokudala i-akhawunti yangempela. Uzobona ikhasi elifana naleli elingezansi

Isinyathelo 2: Gcwalisa imininingwane yomuntu:

Enter your personal information, such as your name, email address, phone number, and country of residence. You should also choose your base currency.

This is the currency you will use to deposit, trade and withdraw. We recommend selecting the ZAR as the base currency for South African forex traders to avoid currency conversion costs.

Isinyathelo 3: Verify your email and upload verification documents.

Click the link in your emails and then provide your verification documents. These can be uploaded directly on the ‘myHF’ platform, or sent by email. The document verification process should be completed within 48 hours. You need to qinisekisa your account before you can choose your trading platform

Isinyathelo 4: Khetha inkundla yakho yokuhweba

After your documents are verified proceed to choose your preferred trading platform (MT4, MT5, Webtrader etc) and download it. Log in to your HFM (Hotforex) account and deposit and start trading.

How To Open A HFM (Hotforex) Demo Trading Account

The HFM Demo Account has been designed to closely simulate a real trading environment based on actual market conditions. It takes less than 3 minutes to open a Hotforex demo account.

Click here to go to the HFM demo account registration page. Uzobona ikhasi elifana naleli elingezansi.

Fill in your personal details and accept the privacy policy. Your demo account will be created & you will get your login credentials like the picture below.

An email with the same credentials will be sent to you for future reference. You will need to use these credentials to log in to your HFM demo account.

You can use this demo account to participate in demo contests. Ungazama indlela ye- Umncintiswano wedemo we-HFM and stand a chance to win $2000 without depositing your own money!

How To Do Hotforex Login South Africa (HFM Login)

This Hotforex review found that it is easy to log in to your HFM broker account. Simply follow the steps below.

1. Vula okuncamelayo indawo yokuhweba isib. WebTrader, MT4, MT5, Mobile app, njll.
2. Chofoza Izilungiselelo> Ilogi ku-akhawunti entsha
3. Faka i-ID yakho yokungena, iphasiwedi, kanye neseva. Lezi yiziqinisekiso ozithole lapho uvula i-akhawunti yedemo ye-HFM bukhoma noma ye-HFM. Ngemva kwalokho uzongena ku-akhawunti yakho.

Which are the servers for Hotforex South Africa?

Clients under HF Markets in South Africa use the following servers to do Hotforex login.

1. HFMarketsSA-Live Server
2. HFMarketsSA-Live Server 3
3. HFMarketsSA-Demo Server

Ukubuyekezwa Komthengisi we-HFM: Izimali Zokuhweba (Izindleko Zokuhweba)

Lokhu kubuyekezwa kwe-Hotforex kuthole ukuthi umthengisi unezindleko zokuhweba ezincintisana kakhulu, kanye nezindleko eziphansi ezingezona ezohwebo.

HFM TRADING FEES*
UHLOBO LOKUKHOKHELA	I-COST
Ubuncane besayizi ye-oda (inkatho ngokuhweba ngakunye)	0.01
Ukusabalala okumaphakathi kwe-USDEUR (amapayipi)	1
Ikhomishini (%)	0
Ikhomishini Yama-akhawunti AmaSulumane (%)	0

HFM Non-Trading Fees

Hotforex NON TRADING FEES
UHLOBO LOKUKHOKHELA	YEBO NOMA CHA
Imali Yokungasebenzi	Y
Imali yediphozithi	N
Imali ekhishwayo	N

During our HFM forex broker review, we found that this broker charges rollover fees, and these differ based on the instrument.

For all assets other than forex, gold, and cryptocurrencies, the rollover includes an internal interest fee. This is in addition to the rollover fee charged by the parties the broker works with for that particular security.

For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment.

Ukubuyekezwa Komthengisi we-HFM: Idiphozithi kanye Nezinketho Zokuhoxiswa

This HFM forex broker review found that Hotforex offers a wide range of payment options for South African traders, including all major credit and debit cards, wire transfers, Skrill, Neteller, and Bitcoin.

These methods can all be used for both deposits and withdrawals.

HFM offers free online bank funding for clients who have online bank accounts with major South African banks.  This includes African Bank, Bidvest Bank, Capitec Bank, FNB, Investec, Nedbank, Standard Bank, and TymeBank.

This is a much faster method of depositing and withdrawing funds than a standard bank wire, with deposits reflecting almost instantly and withdrawals received within 2 business days.

You can also use Ozow as a payment method on HFM in South Africa.

Ngiyikhipha kanjani imali ku-HFM?

This HFM broker review found that withdrawing from HFM in South Africa is easy and fast. Simply access your indawo ye-myHF (Hotforex client area) and submit a Fund Withdrawal request.

Inqubo yokuhoxiswa koMdayiseli we-HFM Isinyathelo ngesinyathelo

1. Finyelela ifayela lakho le- myHF page and Hotforex client area
2. Khetha 'Ukuhoxiswa Kwesikhwama'
3. Khetha indlela efanelekile yokuhoxa kanye nenani
4. Qinisekisa idatha edingekayo kanye nesikhathi/izindleko zokucubungula
5. Hambisa

How long does it take to withdraw money from HFM broker?

Our in-depth Hotforex broker review found that various payment methods are processed in slightly different timeframes on HFM forex. The HFM accounting team confirms transactions quite quickly during business hours. The withdrawal might take longer due to payment providers.

Ukudlulisa imali ngezintambo kuzothatha izinsuku zokusebenza ezingu-2-10, futhi kuye ngokuthi ibhange lakho kanye nokucutshungulwa kwenqubomgomo yamazwe ngamazwe, kuyilapho ama-e-wallet azolayisha isicelo Ngokushesha.

Withdrawals also start at as little as $5 R40 per transaction. Withdrawals that are submitted before 10:00 a.m. server time are processed on the same business day between 7:00 a.m. and 5:00 p.m. server time.

Trading Instruments Offered By HFM

Our HFM broker review team found that there is a healthy variety of trading instruments offered by Hotforex. From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options.

HFM TRADING ASSETS
I-INSTRUMENT	NUMBER
Forex	49
Izinsimbi namandla	5
indices	11
Amasheya	56
yezimbiwa	7
Ama-cryptocurrencies	7
izibopho	3

HFM forex does not offer zokwenziwa indices zokuhweba futhi binary options trading.

HFM Broker Review: Trading Bonuses

Our review of HFmartkers showed that the broker is currently offering two bonuses for South African traders. These are the 10% top-up bonus and the $50 No Deposit welcome bonus.

HF Markets Trading Platforms

HFM (formerly Hotforex South Africa) offers a number of trading platforms.

1. MetaTrader 4 (MT4) MT4 is one of the most popular trading platforms in the forex industry, and HF Markets offers it to its clients. MT4 is known for its user-friendly interface, advanced charting tools, and customizable indicators. It also supports automated trading through Expert Advisors (EAs) and offers a wide range of order types.
   
2. I-MetaTrader 5 (MT5) MT5 is the successor to MT4 and offers even more advanced features and tools. It offers a wider range of order types, including market, limit, stop, and trailing stop orders. It also supports hedging and netting, and offers more advanced charting tools and indicators.
   
3. I-HotForex WebTrader HotForex WebTrader is a web-based trading platform that allows traders to access their accounts from any web browser. It offers a user-friendly interface, advanced charting tools, and a range of order types. It also supports one-click trading and offers real-time news and analysis.
   
4. HotForex Mobile App HFM Mobile App is a mobile trading platform that allows traders to access their accounts from their smartphones or tablets. It offers a user-friendly interface, advanced charting tools, and a range of order types. It also supports one-click trading and offers real-time news and analysis.
   

Ukubuyekezwa Kwe-HF Markets Broker: Imfundo

During our HFM broker we found out that Hotofrex offers a range of educational resources for traders who want to improve their knowledge and skills in the forex market.

HFM forex Broker's Learning Center has a wide range of educational resources, including video tutorials, webinars, eBooks, and articles. Traders can access these resources on demand and for free.

Additionally, HFM forex Broker provides access to a variety of market analysis tools, including live news feeds and economic calendars. These resources can help traders stay up-to-date with market trends, understand market events, and make informed trading decisions.

Ukubuyekezwa Komthengisi we-HFM: Ukusekelwa Kwamakhasimende

HF Markets offers customer support through various channels, including phone, email, live chat (24/5), and social media. 

Hotforex South Africa staff respond quickly and are very helpful and knowledgeable. They provide support in the following languages, English, Japanese, Vietnamese, Chinese, Arabic & Hindi

Toll-free local phone numbers available in South Africa and local email addresses give clients direct free access to quality customer service in their language. 

This makes HF Markets one of the abathengisi abahamba phambili eNingizimu Afrika

Ukubuyekezwa Komthengisi we-HFM: Umthetho

 HFM (formerly known as HotForex South Africa) is the unified global brand name of HF Markets Group. Entities within the group are regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Financial Sector Conduct Authority of South Africa (FSCA), and the Financial Services Authority of Seychelles.  See below for HFM-listed companies:

• I-HF Markets SA (PTY) Ltd – igunyazwe yi-FSCA (Ningizimu Afrika) inombolo yokubhalisa. 46632
• I-HF Markets (Europe) Ltd - egunyazwe yi-CySEC (Cyprus) inombolo yokubhalisa. 183 / 12.
• I-HF Markets (UK) Limited - igunyazwe inombolo yokubhaliswa kwe-FCA (UK). 801701.
• I-HF Markets (DIFC) Ltd – inombolo yokubhaliswa kwe-DFSA (Dubai) egunyaziwe. F004885.
• I-HF Markets (SV) Ltd – egunyazwe yi-FSA (St. Vincent and the Grenadines) inombolo yokubhalisa. 22747 IBC 2015.
• I-HF Markets (Seychelles) Ltd – igunyazwe ngu I-FSA (Seychelles)inombolo yokubhalisa. SD015.

I-HFM Imiklomelo:

Hotforex South Africa has won numerous awards for its services and offerings over the years, recent awards include:

• Umthengisi Osobala Kakhulu 2020 (I-European - Global Banking & Finance Review Awards),
• Amasevisi Angcono Kakhulu Eklayenti - Global 2020 (I-Capital Finance International Magazine),
• Umthengisi Ongcono Kakhulu e-Afrika 2020 (I-AtoZ Forex),
• Umuzwa Ongcono Kakhulu Wokuhweba eNingizimu East Asia 2020 (Imiklomelo Yezezimali Yamazwe Ngamazwe),
• I-Best Partners Programme Global 2020 (Imiklomelo yabatshalizimali bamazwe ngamazwe),
• Ubuhle Benkonzo Yekhasimende Emhlabeni Wonke 2020 (Imiklomelo yabatshalizimali bamazwe ngamazwe),
• I-Global Copy Trading Platform (Imiklomelo ye-Global Forex 2019) yesevisi yokuhweba ye-HFcopy.

Ngeminyaka eminingi yokusebenza okunomthwalo wemfanelo, umthetho ovela kwezinye zeziphathimandla eziqinile emhlabeni, kanye nohlu olude lwemiklomelo yokwaneliseka kwamakhasimende, i-HFM ithathwa njengomthengisi we-Forex othembekile nophephile. 

Ukubuyekezwa Komthengisi we-HFM: Isinqumo sethu

Our HF Markets review showed that the broker is well-known internationally and has a strong presence in South Africa. It has local FSCA regulation and local customer support.

Unlike many other international brokers, Hotforex south africa offers ZAR trading accounts which are very convenient. It also offers fast and free deposits and withdrawals in South African Rands from a range of local banks, including FNB, ABSA, Nedbank, and Standard Bank, among others. 

The broker has a variety of trading accounts that are sure to meet the needs of different local forex traders making it one of the abathengisi abahamba phambili eNingizimu Afrika.

The trust and reliability review of the broker is very reassuring. We unreservedly recommend this HFM forex to South African traders.

Frequently Asked Questions About HFM Broker In South Africa