For overseas forex cashback services, try Money Charger

Notice

HFMseo article

HFM was established in 2009. In 2022, the company changed its name from Hotforex to HFM
Its appeal lies in its industry-leading narrow spreads and high execution speedis

This article provides a detailed overview of HFM, including cashback details, account opening procedures, and the advantages and disadvantages of using HFM.

The basic overview of HFM is as follows. Later on this page, we will explain the features of HFM in detail, divided into advantages and disadvantages, so please refer to this information if you are considering using HFM.

Operating company

HF Markets (SV) Ltd.

Establishment

2009

Registered address

Suite
305, Griffith Corporate Centre, PO Box 1510,
Beachmont Kingstown, St. Vincent and the Grenadines.

Financial License

FSA: Seychelles Financial Services Authority (Registration Number: SD015)

Leverage

Up to 1000x

spread

2.2 pips/USD/JPY, 1.5 pips/EUR/USD *Subject to change due to variable spread

Products handled

FX, metals, energy, stock indices, stocks, commodities, bonds, ETFs, cryptocurrencies

Margin call

None (Zero-cut system adopted)

Japanese support

can be

Trading Tools

MT4, MT5, HFM platform

What is HFM's cashback program?

When using overseas forex services, one thing you should definitely take advantage of isCashbackSince it allows you to conduct transactions at a great price, there's no reason not to use it

This article explains HFM's cashback program.
We'll cover everything from basic information to how much you can save with the cashback and the process of receiving it, so please use this as a reference.

✓ Also frequently read

What is cashback on overseas forex trading? A complete guide to choosing a cashback site, its drawbacks, taxes, and more

If you're trading in overseas forex, you'll definitely lose money if you don't use cashback. However, many people probably have questions like these: What exactly is cashback? What should I do to get the most out of it? Are there taxes on profits earned from cashback? This article answers these questions and explains points to consider when choosing a site. It's written in an easy-to-understand way even for beginners, so please use it as a reference! Advantages & Disadvantages of Overseas Forex Cashback Sites / How to Choose One In short, overseas forex cashback is a service that gives money back to users. You can receive money when opening an account or making a deposit, depending on the volume of your trades. There are two types of cashback: Direct cashback: Bonuses unique to the overseas forex broker. Indirect cashback: Bonuses from cashback sites (companies that specialize only in cashback). The former is not cash but money received as margin when trading, and includes account opening bonuses and deposit bonuses. The latter is cash directly deposited into your account. Everything offered by cashback sites falls under this "indirect cashback". What are overseas forex cashback sites? A "cashback site" is, simply put, like an agent for overseas forex brokers. When you open an account through the site, the overseas forex broker pays the cashback site a referral fee. The cashback site receives money from the overseas forex broker each time, depending on the trading volume of the site user. A portion of the money earned is then returned to the site user as a bonus. This cashback can be received for every trade. To trade as profitably as possible, it is necessary to deepen your understanding of cashback. It is sufficient to understand that cashback can reduce fees. Those familiar with overseas forex can easily understand this by thinking of it in terms of spreads, as follows: Example: If you can receive a cashback of $3 per lot (100,000 currency units) You can receive $3 in cash for each lot traded. If the spread is 1.0 pips, then $3 is returned as 0.3 pips. The returned amount can be used to reduce the spread width to (1.0 - 0.3) pips, effectively making the spread 0.7 pips. This is the logic that cashback can narrow the effective spread. Why do they offer cashback? Why do overseas forex brokers offer cashback to their users? At first glance, it may seem like they're just handing out money. However, by implementing a cashback system, both the broker and the user have a win-win relationship. In short, overseas forex brokers make money from the fees incurred for each trade. The more users there are, the greater the total trading volume, and the more fees the broker can receive from users. It's safe to assume that brokers offer cashback to attract more users. They're happy if giving back to users, even a little, encourages more people to "try forex!" You might feel suspicious and think, "It's shady to get money just for trading," but the brokers do it to make a profit, so please use it with peace of mind. Profits from cashback are subject to tax (you need to file a tax return) Cashback is a great service that gives you money back for each trade, but if there is a downside, it is that the money you receive is subject to tax. The bonus you receive from the cashback site is deposited directly into your account as cash. The deposited money can be withdrawn from your account as cash, so the money you receive is considered profit earned from forex. As a result, any profits earned from cashback must be included when filing your tax return. Be aware that, like profits earned from FX trading, it is treated as taxable income. Profits earned from overseas FX (including cashback) are subject to comprehensive taxation as miscellaneous income. The tax rate for comprehensive taxation is determined by a progressive tax system (7 levels from 4% to 45%). The more profit you make, the higher your taxes will be, so be sure to check your profits carefully. On the other hand, bonuses unique to FX brokers are generally not subject to taxation. This is because they are distributed as margin or points, not actual cash. Choosing an overseas FX broker you want to use for trading is important. Avoid choosing an overseas FX broker based solely on cashback. A site that seems to have a good cashback rate may have wider spreads than other companies. You should choose a cashback site using the following steps: Choose the broker you want to use. Choose a cashback site that handles the overseas FX broker you have chosen. Compare the cashback rates and narrow it down to one. The most important thing is to avoid losing money in trading. Don't be fooled by temporary campaigns or high cashback rates offered by FX brokers. It's important to choose a cashback site based on the overseas FX broker you want to use or a trusted overseas FX broker. Even if you are already registered with an overseas FX broker, you can open additional accounts. If the broker allows you to open multiple accounts, you can open a new account with the same broker through the cashback site. (You can open an additional account even if you already have an account with that broker.) Some brokers only allow you to open one account (such as iFOREX), so if you are just starting out in FX, we recommend that you check the following two points before opening an account: The number of accounts that can be opened Partner cashback sites Note that some brokers do not allow account opening through cashback sites at all. Money Charger's partners are popular brokers Money Charger partners with overseas FX brokers that are popular with Japanese people. All partners support Japanese, so you can rest assured. The following four companies are partnered with Money Charger: Gemforex FXGT IS6FX FXBeyond Money Charger's cashback rates for the above four companies are considerably higher than those of other cashback sites. *IS6FX has relatively few Japanese users and can be considered more suitable for intermediate to advanced FX traders. It's also important to check if there's direct cashback. Bonuses offered directly by overseas FX brokers = direct cashback. Bonuses from cashback sites = indirect cashback. In most cases, you cannot receive both simultaneously. Therefore, we recommend checking for direct cashback first. If you want to open an account with an overseas FX broker that doesn't offer direct cashback, we recommend opening the account through a cashback site. Overseas FX brokers with direct cashback: ・GemForex ・Hotforex ・XM ・LAND-FX ・iFOREX ・FBS Overseas FX brokers without direct cashback…

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HFM cashback rate

The cashback rates for HFM when using MoneyCharger are as follows:

Premium, Cent, Micro accounts

8.8~26.4 USD

Zero-spread account

4 USD

HF Copy Account

0.77~14.674 USD

*The above cashback rate is for a 1 Lot trade

How much cashback can I receive from HFM through Money Charger? 

This article explains how much cashback you can receive by using Money Charger (Manecha)

As an example, we will show you how much you can save by using Money Charger (MoneyCharger) in the following transaction

*All figures are as of March 2023. Conditions and rates are subject to change

① If you are not registered with a cashback site but register with Money Charger (MoneyCha)


Simply by registering with Money Charger (Manecha),Get a 487,500 yen cashback with your usual transactionYou can obtain this

When trading in overseas forex, you can save money by using cashback sites.
*All figures are as of March 2023. Conditions and rates are subject to change.

② If you switch from T Company, the industry leader, to Money Charger (MoneyCha)


By switching to Money Charger (Money Charger), which boasts a high cashback rate,You can receive more cashbackis
In the above case, simply switching to Money Charger (Manecha) will result in a monthly cashback of 253,500 yen

There are various cashback websites, but to receive the most cashback, choose one that suits your trading situation

*All figures are as of March 2023. Conditions and rates are subject to change

Reasons why you should use cashback with Money Charger (Manecha)

When using a cashback site, the cashback rate and the speed at which the money is received are important factors

Money Charger (Manecha) has the following information regarding the businesses listedWorld's best cashback rate and fastest withdrawal speedIt boasts of this

The listed businesses are as follows: (As of June 2023)

Responding company


If you are using the relevant overseas forex broker, you can register with Money Charger (MoneyCha) and receive cashback based on your trading activity

Money Charger (Manecha) offers a smooth registration and withdrawal process

Registering with Money Charger (Manecha) is very easy. Simply enter the required informationRegistration takes only 3 minutesI will


Furthermore, the process of withdrawing the cashback was also very smooth

Cashback can be received as early as the same day of the transactionI will

*With FXFair and IS6FX, funds can be received the day after the transaction

The cashback rates of the listed businesses are the highest in the world

For businesses listed,World's highest cashback rateIt boasts of this


Money Charger (Manecha) is a company that has been involved in a wide range of FX-related businesses.
As a result, it has strong connections with brokers and is able to offer cashback services with the best possible IB (Introducing Broker) commission rates.

*All figures are as of March 2023. Conditions and rates are subject to change

Points to note when using cashback sites with HFM

When you receive a cashback service from a cashback website,There is a possibility that you may no longer be able to receive account opening and deposit bonuses offered by overseas forex brokersThere is

Whether cashback from a cashback website or account opening/deposit bonuses are more advantageous depends on your trading style, so we recommend considering this beforehand

How to receive cashback with HFM! Account opening is required

To receive cashback with HFM, you first need to register with the cashback website. After registering, you will need to open a new or additional HFM account and link it to the cashback website

After that, you will receive cashback if you continue trading overseas forex as usual

This section explains the process of receiving cashback through the cashback site "Money Charger (Manecha)"

STEP 1: Register with Money Charger (Manecha)

*Registration is required only if you are using Money Charger (Manecha) for the first time. If you have already registered with Manecha, please proceed to the Add FX Account Opening

  1. Access this page
  2. Please enter your name (in Roman letters), email address, and password, then click the "Register" button
  3. A verification email will be sent to the email address you entered. Clicking the "Verify" button in the email will complete the "Moneycha User Registration" process

*If you do not receive an email, please check that the email address you entered is correct and that it has not been delivered to your spam folder

STEP 2. Open an HFM account

After registering with Money Charger (Manecha), you will need to link your bank account.
This guide explains how to open a new HFM account and how to open an additional account if you are already using HFM.

For new account openings

By clicking the button below and proceeding with the new account creation process on the displayed screen, you can open an account linked to MoneyChat

View HFM official page

*Please note that cashback will not be provided for accounts opened without clicking the button above

For opening an additional account

You can open an account linked to MoneyChat by entering the following reference code in the "IBID (only fill in if you were introduced by an HF partner)" field on the "Open Trading Account" screen of the official HFM My Page and proceeding with the additional account opening

Reference code

368246

View HFM official page

*Please note that no cashback will be provided for accounts opened without entering the referral number mentioned above.
*If you have reached the maximum number of FX accounts and are unable to open additional accounts, please contact support to request the deletion of your existing accounts before attempting to open additional accounts again.

STEP 3. FX Account Registration Application

① Log in to your Money Charger (Manecha) My Page.
From this page, enter your registered email address and password, then click the "Log in" button.

② Add a cashback account on the account management screen
: Click the Account Management tab in the menu
; select
HFM (formerly HotForex) enter the account number of
the HFM (formerly HotForex) you opened ; click the Add button.

*If there are no problems with the procedure, the status will be updated to approved within one business day, and you will receive a confirmation email at the registered email address.
If there are any issues, we will notify you by email, so please follow the instructions in the email to complete the additional procedure.

STEP 4. FX trading

With these steps, you have successfully linked your Money Charger (MoneyCharger) and HFM accounts

Let's proceed with the transaction as usual

STEP 5. Cashback Withdrawal

Within the day following the transaction, the details will be reflected in the cashback transaction history for each account number, and you will be able to request a cashback withdrawal

Cashback can be received as early as the same day of the transactionI will

Six benefits of HFM / Positive reviews

Here are six advantages and customer reviews of HFM

  1. The deposit bonus of up to $5,000 is very attractive
  2. HFM offers a maximum leverage of 2,000x, resulting in exceptional trading efficiency
  3. Six different deposit and withdrawal methods available! Both deposits and withdrawals are fast!
  4. HFM's spreads are somewhat wide, but with a "zero spread account," you can trade with narrower spreads
  5. HFM offers a zero-cut system and Japanese language support for worry-free use
  6. Copy trading is possible with the "HF Copy Account"

When trading forex overseas, it's crucial to find a broker that suits your needs. Please use this information as a reference when choosing a broker

① Attractive deposit bonus of up to $5,000

At HFM,We offer deposit bonuses on an ongoing basisI am doing it

The total bonus amount is $5,000, which will fluctuate depending on the exchange rate, but you can receive the equivalent of 700,000 yen.
There is no limit to the number of deposits, and deposits up to a cumulative total of $25,000 are eligible, with bonuses continuing to be awarded until the maximum amount is reached.

This bonus is a great deal for those who plan to continue using HFM

There may also be limited-time bonuses available, so be sure to check the official website for the latest bonus information

② HFM offers a maximum leverage of 2,000 times, resulting in exceptional trading efficiency

The advantages of HFM are,Up to 1000x leverageThat's right. Japanese FX brokers have a maximum leverage of 25 times, so by using HFM, you can trade with 80 times leverage

However, leverage varies depending on the product and account type

Let's look at each one in turn

Leverage for each product handled by HFM

At HFM, leverage varies depending on the product being traded. Be sure to check the leverage for the product you wish to trade beforehand

The leverage for each product is as follows:

Products handled

Leverage

FX

Up to 2,000x

metal

Up to 2,000x

Energy

up to 66x

Stock price index

Up to 200x

stock

Up to 25x

Commodities

up to 66x

ETFs

Up to 5x

cryptocurrency

Up to 50x

The leverage of HFM varies depending on the product,In FX, leverage can reach up to 2,000 timesThis represents a high level of quality. With over 1,200 products available, you're sure to find something that suits your trading style

Leverage varies depending on the product being handled, so we recommend checking in advance

Leverage by account type at HFM

HFM offers four types of accounts. Each account type has different features, so consider which one is right for you

The characteristics of each account are as follows:

Account type

Features

Leverage

Premium Account

- No minimum deposit requirement
- Swap-free
- No fees

Up to 2,000x

ProDrive

• Narrow spreads (from 0.5 pips)
• Swap-free
• No commission fees

Up to 2,000x

Zero Account

• Narrow spreads (0 pips or more)
• Swap-free
• No markup

Up to 2,000x

Cent account

• No minimum deposit requirement
• Swap-
free • No fees
• Low margin requirement (10 US cents)

Up to 2,000x

Each account allows for high-leverage trading with a maximum leverage of 2,000 times

For beginners, we recommend the "Premium Account" or "Cent Account," which have no minimum deposit requirement and allow you to start trading with small amounts.
For those who want to trade efficiently with the narrowest possible spreads, we recommend the "Pro Account" or "Zero Account."

Based on the features of each account, you should choose the one that best suits your needs

✓ Also frequently read

HFMseo article

Established in 2009, HFM changed its name from Hotforex to HFM in 2022. Its appeal lies in its industry-leading narrow spreads and high execution speed. This article provides a detailed overview of HFM's cashback program, account opening procedures, and the advantages and disadvantages of using HFM. An overview of HFM is provided below. Later on this page, we will explain HFM's features in detail, divided into advantages and disadvantages, so please refer to this information if you are considering using HFM. Operating Company: HF Markets (SV) Ltd. Established: 2009 Registered Address: Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. Financial License: FSA: Seychelles Financial Services Authority (Registration Number: SD015) Leverage: Up to 1000x Spread: 2.2 pips/USD/JPY, 1.5 pips/EUR/USD *Subject to change due to variable spreads Products Offered: FX, Metals, Energy, Stock Indices, Stocks, Commodities, Bonds, ETFs, Cryptocurrencies Margin Call: None (Zero-cut system in place) Japanese Support: Available Trading Tools: MT4, MT5, HFM platform What is HFM's Cashback? When using overseas FX brokers, cashback is something you should definitely take advantage of. It allows you to trade more profitably, so there's no reason not to use it. Here, we will explain HFM's cashback. This article provides a detailed explanation of the basic information, how much you can save with cashback, and the process of receiving it, so please use it as a reference. HFM Cashback Rates When using MoneyCharger, the cashback rates for HFM are as follows: Premium, Cent, Micro Accounts 8.8~26.4USD Zero Spread Account 4USD HF Copy Account 0.77~14.674USD *The above are the cashback rates for 1 Lot trades. How much cashback can you get from HFM with Money Charger? Here, we explain how much cashback you can receive by using Money Charger. As an example, we will show how much you can save by using Money Charger in the following trades. *All figures are as of March 2023. Conditions and rates may change. ① If you are not registered with a cashback site but register with Money Charger By simply registering with Money Charger, you can get 487,500 yen in cashback with your usual trades. When trading in overseas forex, you can trade more profitably by utilizing cashback sites. *All figures are as of March 2023. Conditions and rates may change. ② Switching from industry leader T company to Money Charger (Manecha) By switching to Money Charger (Manecha), which boasts a high cashback rate, you can receive more cashback. In the above case, simply switching to Money Charger (Manecha) will generate ¥253,500 more cashback per month. There are various cashback sites, but to receive more cashback, use a cashback site that suits your trading situation. *All figures are as of March 2023. Conditions and rates may change. Reasons to use cashback with Money Charger (Manecha) When using a cashback site, the cashback rate and the speed of deposit are important. ..

Read more →

② Six different deposit and withdrawal methods available! Both deposits and withdrawals are fast!

This section explains how to deposit and withdraw funds from HFM

We will also introduce reviews of HFM regarding its "fast deposits and withdrawals," including actual user feedback

Payment methods (credit card, bank transfer, etc.) and fees

At HFM, you can choose from six different deposit methods

Regardless of the payment methodNo deposit feesThe funds will be reflected in your account immediately or within 10 minutes

Details for each payment method are as follows:

Payment Methods

Deposit fee

Minimum deposit amount

Maximum deposit amount

Time until account reflection

Bank transfer

free

¥10,000

¥1,100,000

Within 10 minutes

Credit card (JCB)

free

$5

$25,000

Within 10 minutes

Credit card (Visa, Mastercard)

free

¥10,000

¥500,000

Immediately

crypto

free

$30

$10,000

Immediately

bxone

free

¥1,000

¥1,000,000

Within 10 minutes

bitwallet

free

¥1,000

¥5,000,000

Within 10 minutes

bitpay

free

$5

$10,000

Within 10 minutes

All deposit methods are processed quickly, so you should be able to start trading smoothly

Withdrawal methods (bank, bitWallet, etc.) and fees

HFM offers six different withdrawal methods

Regardless of the withdrawal methodWithdrawal fees are freeis

Withdrawal methods

Minimum withdrawal amount

Maximum withdrawal amount

Time until account reflection

Bank transfer

free

¥1,000

Up to 2 business days

Credit card (JCB)

free

5 USD

Depending on the bank, it may take 2-10 business days

crypto

free

10 USD

Within 24 hours

bxone

free

¥2,000

Immediately

bitwallet

free

20 USD

Immediately

bitpay

free

5 USD

Up to 2 business days

*For bank transfers, there are no fees charged by HFM, but the sending, correspondent bank, and receiving bank may charge fees based on their respective fee structures.
*For debit and credit cards, amounts exceeding the total amount deposited on the card cannot be refunded to the card. If you wish to withdraw an amount exceeding the total amount deposited on the card, the profits will be withdrawn using a different payment method.

There are a few things to keep in mind when withdrawing funds. It's a good idea to check these points when you make a deposit

- Withdrawal requests made by 10:00 AM server time (5:00 PM Japan time) will be processed between 7:00 AM and 5:00 PM server time (2:00 PM and 12:00 AM Japan time) on the same business day.
- Withdrawals must be made using the same method as the deposit. - Withdrawals must be made to an account with the same name as the HFM registration name.
- HFM does not support Japanese yen, so please pay attention to the exchange rate.
- After transferring funds from your trading account to myWallet (HFM wallet account), you can request a withdrawal.

✓ Also frequently read

Summary of Overseas Forex Deposit and Withdrawal Methods | Recommended Banks and Explanations of Low-Fees and Fast Procedures

When starting overseas forex trading, many people stumble upon the choice of deposit and withdrawal methods. Many people have questions such as, "Which method is the fastest?", "Which method is free of charge?", and "Which method is recommended?". This article introduces all the major deposit and withdrawal methods available for overseas forex trading. We provide detailed explanations of fees, processing times, and supported brokers for each method, so even those already trading can use this information to save costs and time. List of Deposit and Withdrawal Methods Available for Overseas Forex Trading The following six methods are the most common deposit and withdrawal methods used in overseas forex trading: Domestic Bank Transfer Bitwallet STICPAY Credit Card Cryptocurrency International Bank Transfer By supporting multiple deposit and withdrawal methods, overseas forex brokers can facilitate convenient fund transfers tailored to the remittance circumstances and purposes of traders in various countries. Domestic Bank Transfer Domestic bank transfer is an overseas forex deposit and withdrawal method that can be used in the same way as everyday bank transfers. Although overseas forex brokers are located outside of Japan, the system allows you to transfer funds to a bank account designated by a "remittance agent partnered with the overseas forex broker," and the same amount will be reflected in your overseas forex account. Compared to other deposit and withdrawal methods for overseas forex, this method is simple and easy to use, even for beginners. Overseas forex brokers that support domestic bank transfers | Fees and processing time The following overseas forex brokers support deposits and withdrawals via domestic bank transfers. Overseas FX brokers that accept deposits via domestic bank transfer Overseas FX broker deposit fees and processing times Axi Free ~ 7 business days AXIORY Free ~ 30 minutes Exness Free ~ 20 minutes FXGT Free ~ 20 minutes FxPro Free 3 ~ 5 business days HFM Free ~ 1 hour IS6FX Free ~ 15 minutes JadeFOREX Free 1 ~ 3 business days MONAXA Free ~ 1 business day MYFXMarkets Free ~ 1 business day StarTrader Free 30 minutes ~ 1 hour ThreeTrader Free ~ 20 minutes TitanFX Free ~ 1 business day Vantage Trading Free ~ 2 business days XMTrading 1,500 yen *Free for deposits of 10,000 yen or more ~ ​​1 hour XS.com Free ~ 1 hour BigBoss 1,000 yen *Free for deposits of 50,000 yen or more ~ ​​1 business day MiltonMarkets Free ~ 1 business day Deposit fees and processing times via domestic bank transfer Overseas FX brokers that accept withdrawals via domestic bank transfer Overseas FX broker withdrawal fees and processing times Axi Free 1 ~ 3 business days AXIORY 1,000 yen *Free for deposits of 20,000 yen or more ~ ​​1 business day Exness Free 1-3 business days FXGT Free ~ 5 business days FxPro Free 1-5 business days HFM Free 1-3 business days IS6FX Free 1-3 business days JadeFOREX Free 2-5 business days MONAXA Free Instant MYFXMarkets 2,000 yen 1-3 business days StarTrader Free ~ 1 business day ThreeTrader Free 1-3 business days TitanFX Free 2-3 business days Vantage Trading Free 3-5 business days XMTrading 2,500 yen *Free for withdrawals of 400,000 yen or more 2-5 business days XS.com Free ~ 1 business day BigBoss 2,000 yen 2-5 business days MiltonMarkets Free 3-5 business days Withdrawal fees and processing time via domestic bank transfer Most overseas FX brokers popular with Japanese traders support deposits and withdrawals via domestic bank transfer. In most cases, deposits and withdrawals via domestic bank transfer from overseas FX brokers are free of charge. In addition, some brokers offer withdrawal processing in as little as 1 business day. Bitwallet is a popular online wallet among overseas forex traders. When depositing funds into an overseas forex broker, you will need a Bitwallet account and funds in your account balance. Since transfers between Bitwallet accounts are reflected instantly, it is convenient for moving funds between overseas forex brokers via Bitwallet. Deposits and withdrawals between overseas forex brokers and Bitwallet are generally free of charge. However, Bitwallet itself may charge separate deposit and withdrawal fees. Bitwallet Deposit and Withdrawal Fees and Estimated Receipt Dates Item Deposit Fee Withdrawal Fee Receipt Fee Credit Card Varies by card brand 8% to 8.5% of the deposit amount - Deposit: Instant Withdrawal: Other withdrawal methods Domestic Bank Transfer Free 389 yen to 777 yen Deposit: Instant to 1 business day Withdrawal: Same day to 3 business days International Bank Transfer - 2,400 yen to 4,800 yen + 1% of the withdrawal amount Deposit: 3 days to 1 week Withdrawal: 3 days to 1 week Bitwallet Deposit and Withdrawal Fees and Estimated Receipt Dates Overseas FX Brokers that support Bitwallet | Fees and Processing Time The following overseas FX brokers support deposits and withdrawals via Bitwallet. Overseas FX brokers that accept Bitwallet deposits Deposit fees and processing times for overseas FX brokers Axi Free Instant Exness Free Instant FXGT Free Instant FxPro Free ~10 minutes HFM Free ~1 business day MYFXMarkets Free Instant StarTrader Free Instant ThreeTrader Free Instant TitanFX Free Instant Vantage Trading Free ~1 business day XMTrading Free Instant XS.com Free ~45 minutes BigBoss Free Instant MiltonMarkets Free Instant Deposit fees and processing times via Bitwallet Overseas FX brokers that accept Bitwallet withdrawals Overseas FX brokers that accept Bitwallet withdrawals Withdrawal fees and processing times Axi Free Instant Exness Free ~1 business day FXGT Free ~2 business days FxPro Free ~10 minutes HFM Free ~1 business day MYFXMarkets Free 1-2 business days StarTrader Free ~1 business day ThreeTrader Free 1-3 business days TitanFX Free Instant Vantage Trading Free 3-5 business days XMTrading Free Instant XS.com Free ~45 minutes BigBoss Free ~5 business days MiltonMarkets Free 3-5 business days Withdrawal fees and processing times via Bitwallet Many overseas forex brokers support deposits and withdrawals via Bitwallet. Furthermore, deposit and withdrawal fees between overseas forex brokers and Bitwallet are generally free. Therefore, if domestic bank transfers incur withdrawal fees of 1,000 yen or more, or if the overseas forex broker requires withdrawals via international bank transfer, using Bitwallet can save on fees and processing time. STICPAY is an online wallet similar to Bitwallet. A relatively large number of overseas forex brokers support deposits and withdrawals via STICPAY. STICPAY's usability in overseas forex trading is basically the same as Bitwallet. However, STICPAY supports cryptocurrency deposits and withdrawals, and its withdrawal fees are higher than Bitwallet's. STICPAY Deposit and Withdrawal Fees and Estimated Receipt Dates Item Deposit and Withdrawal Fee Withdrawal Fee Estimated Receipt Dates Credit Card 3.85% of the deposit amount - Deposit: Instant to 30 minutes Withdrawal: Other withdrawal methods Domestic bank transfer Equivalent to 2.9% of the deposit amount *For withdrawals of less than 10,000 yen, a 500 yen fee will be added to the above 2.5% of the withdrawal amount + 800 yen Deposit: Instant to 1 business day Withdrawal: 1 to 2 business days Cryptocurrency 1% of the deposit amount 1.3 to 5% of the withdrawal amount Deposit: Instant to 30 minutes Withdrawal: Instant to 30 minutes STICPAY Deposit and Withdrawal Fees and Estimated Receipt Dates Overseas FX brokers that support STICPAY | Fees and Processing Time The following overseas FX brokers support deposits and withdrawals via STICPAY. Overseas FX brokers that accept STICPAY deposits: Deposit fees and processing times for overseas FX brokers: AXIORY (free, instant), Exness (free, instant), FXGT (free, instant), FxPro (free, ~10 minutes), MONAXA (free, instant), StarTrader (free, instant), TitanFX (free, instant), XMTrading (free, instant), XS.com (free, ~1 hour). Overseas FX brokers that accept STICPAY withdrawals…

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HFM is known for its fast deposits and withdrawals

HFMKnown for its fast deposits and withdrawalsFaster deposits allow you to trade more effectively without missing opportunities, and faster withdrawals provide peace of mind when trading

Here are some actual tweets regarding deposits and withdrawals at HFM

Many users have given it high ratings, so you can use it with confidence

https://twitter.com/mitsukun1214/status/1649354950147997697?s=20

④ HFM's spreads are somewhat wide, but with a "zero spread account," you can trade with narrower spreads

The spread for HFM is,Compared to other overseas forex brokers, the area is slightly largeris

While the wide spreads are a bit of a concern, it also has advantages over other overseas forex brokers, such as generous bonuses, free deposits and withdrawals, and fast transaction speeds

It would be a good idea to consider what points you prioritize in your own trading

HFM FX Currency Pair Average Spread List

The following is a list of average spreads for major FX currency pairs at HFM.
Spreads for minor currency pairs can be viewed on the official website

Average spreads for major FX currency pairs

Trading stocks

Standard

 


 


 


 


 


 


 


 


 


 


 

Trading stocks

Standard

CADCHF

2.4 pips

GBPCAD

3.7 pips

CADJPY

3.2 pips

GBPCHF

2.9 pips

CHFJPY

4.6 pips

GBPJPY

3.9 pips

EURCAD

2.8 pips

GBPUSD

1.9 pips

EURCHF

2.7 pips

USDCAD

2.3 pips

EURGBP

1.9 pips

USD CHF

2.2 pips

EURJPY

2.3 pips

USD/JPY

2.2 pips

EURUSD

1.5 pips

 

 

I do get the impression that the spread is a bit wide

With "Zero Accounts" and "Pro Accounts," trading is possible with even narrower spreadsTherefore, if you want to trade with narrow spreads using HFM, you should consider using a "Zero Account" or a "Pro Account."

✓ Also frequently read

HFMseo article

Established in 2009, HFM changed its name from Hotforex to HFM in 2022. Its appeal lies in its industry-leading narrow spreads and high execution speed. This article provides a detailed overview of HFM's cashback program, account opening procedures, and the advantages and disadvantages of using HFM. An overview of HFM is provided below. Later on this page, we will explain HFM's features in detail, divided into advantages and disadvantages, so please refer to this information if you are considering using HFM. Operating Company: HF Markets (SV) Ltd. Established: 2009 Registered Address: Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. Financial License: FSA: Seychelles Financial Services Authority (Registration Number: SD015) Leverage: Up to 1000x Spread: 2.2 pips/USD/JPY, 1.5 pips/EUR/USD *Subject to change due to variable spreads Products Offered: FX, Metals, Energy, Stock Indices, Stocks, Commodities, Bonds, ETFs, Cryptocurrencies Margin Call: None (Zero-cut system in place) Japanese Support: Available Trading Tools: MT4, MT5, HFM platform What is HFM's Cashback? When using overseas FX brokers, cashback is something you should definitely take advantage of. It allows you to trade more profitably, so there's no reason not to use it. Here, we will explain HFM's cashback. This article provides a detailed explanation of the basic information, how much you can save with cashback, and the process of receiving it, so please use it as a reference. HFM Cashback Rates When using MoneyCharger, the cashback rates for HFM are as follows: Premium, Cent, Micro Accounts 8.8~26.4USD Zero Spread Account 4USD HF Copy Account 0.77~14.674USD *The above are the cashback rates for 1 Lot trades. How much cashback can you get from HFM with Money Charger? Here, we explain how much cashback you can receive by using Money Charger. As an example, we will show how much you can save by using Money Charger in the following trades. *All figures are as of March 2023. Conditions and rates may change. ① If you are not registered with a cashback site but register with Money Charger By simply registering with Money Charger, you can get 487,500 yen in cashback with your usual trades. When trading in overseas forex, you can trade more profitably by utilizing cashback sites. *All figures are as of March 2023. Conditions and rates may change. ② Switching from industry leader T company to Money Charger (Manecha) By switching to Money Charger (Manecha), which boasts a high cashback rate, you can receive more cashback. In the above case, simply switching to Money Charger (Manecha) will generate ¥253,500 more cashback per month. There are various cashback sites, but to receive more cashback, use a cashback site that suits your trading situation. *All figures are as of March 2023. Conditions and rates may change. Reasons to use cashback with Money Charger (Manecha) When using a cashback site, the cashback rate and the speed of deposit are important. ..

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④ HFM can be used with peace of mind thanks to its zero-cut system and Japanese language support

HFMZero-cut system and Japanese language supportWe have implemented this system, allowing you to use overseas forex trading with peace of mind

Furthermore, even beginners in overseas forex trading can start trading with peace of mind

Adopts a "no margin call" zero-cut system

At HFM, for all currency pairsA zero-cut system is adoptedIt has been set up. It will automatically reset within 24 hours

A zero-cut system is a system that compensates for losses in the event of a market crash where stop-loss orders (stop-loss) cannot be executed in time

With domestic FX brokers, a margin call (additional margin) may occur, and if you do not deposit the required funds by the specified date, your position will be closed
In the event of a market crash like the one caused by the coronavirus, it's possible to incur losses exceeding your initial margin. However, with overseas forex trading that has a stop-loss system,No margin calls have been made

Since there's no risk of accumulating debt, you won't have to worry about using up your living expenses on investments

✓ Also frequently read

Are there no margin calls in overseas forex trading? An explanation of the disadvantages and mechanisms of the zero-cut system

Some overseas forex brokers employ a zero-cut system, meaning no margin calls are incurred. This is a service unique to overseas forex brokers, as it is not available with domestic forex brokers. By utilizing the zero-cut system, it is possible to trade with reduced risk. Therefore, when using an overseas forex broker, it is necessary to know the features of this system. This article will explain in detail the advantages, disadvantages, and points to note regarding the zero-cut system in overseas forex. For popular brokers that employ the zero-cut system, please check the ranking of recommended overseas forex brokers with good reputations. If you are new to overseas forex, we recommend that you read this complete guide for overseas forex beginners. What is the zero-cut system that eliminates margin calls in overseas forex? By utilizing the overseas forex zero-cut system, no margin calls are incurred, making it possible to trade with reduced risk. Here, we will explain the zero-cut system in detail. The contents to be explained are as follows: What is a margin call in forex? The mechanism of the zero-cut system that eliminates margin calls in overseas forex The difference between zero-cut and stop-loss The process until the execution of the zero-cut system that eliminates margin calls in overseas forex What is a margin call in forex? A margin call is an abbreviation for additional margin, which is an additional margin that is incurred when the margin falls below a certain maintenance ratio. In FX trading, losses can occur, causing the margin to fall below the initial deposit and resulting in a negative balance. When the margin becomes negative, additional deposits are required to replenish it. This situation is called a "margin call." How the Zero Cut System of Overseas FX Traders Works The zero cut system is a system that prevents traders from incurring debt when their trading losses fall below their initial deposit. Because no debt is incurred, positions are forcibly closed when the margin reaches zero. Therefore, the margin will never go negative. Without a zero cut system, if a trader incurs a large loss that falls below the initial deposit, the margin will go negative and a margin call will occur. With a zero cut system, the margin will never go negative, so no margin calls occur. Difference between Zero Cut and Stop-Loss The zero cut system is a type of stop-loss system. Stop-loss is a system in which positions are forcibly closed when the margin maintenance ratio falls below a certain level. Zero cut is a system in which positions are forcibly closed when the margin maintenance ratio reaches 0%. Stop-loss is a system to prevent the account balance from going negative. However, if the exchange rate fluctuates rapidly due to economic indicators, etc., there may be times when stop-loss orders cannot be executed in time. In such cases, the zero-cut system will offset the losses even if the account balance goes negative, and return the account balance to zero. For information on how to calculate and avoid stop-loss orders, please check this article: https://money-charger.com/information/fx-loss-cut/ Flow of execution of the zero-cut system with no margin calls in overseas FX The flow of execution of the zero-cut system in overseas FX is as follows: With the zero-cut system, the losses incurred by the trader will be limited to the amount deposited in the trading account. Why are there no margin calls in overseas FX? Differences from domestic FX brokers Many overseas FX brokers have introduced a zero-cut system with no margin calls. On the other hand, it is not possible to introduce a zero-cut system with no margin calls in Japan. Here, we will explain the following in detail. Reasons why overseas FX brokers implement zero-cut systems that eliminate margin calls Reasons why domestic FX brokers cannot implement zero-cut systems that eliminate margin calls Reasons why overseas FX brokers implement zero-cut systems that eliminate margin calls The reason why overseas FX brokers implement zero-cut systems that eliminate margin calls is to increase the trading volume of traders. Without a zero-cut system, traders would inevitably have to trade while bearing the risk of margin calls. With a zero-cut system, traders can trade with peace of mind because they know that margin calls will not occur. When traders' trading volume increases, overseas FX brokers can increase their profits from spreads and trading fees. However, some overseas FX brokers do not adopt zero-cut systems, so be sure to check when choosing a broker. Reasons why domestic FX brokers cannot implement zero-cut systems that eliminate margin calls Domestic FX brokers cannot implement zero-cut systems that eliminate margin calls. This is because the Financial Instruments and Exchange Act in Japan prohibits "compensation for losses." Therefore, in domestic FX, when the margin becomes negative, a margin call occurs. Overseas FX is not bound by the Financial Instruments and Exchange Act in Japan, so it is possible to implement zero-cut systems. If you want to take advantage of the zero-cut system, you should use an overseas FX broker. For information on the advantages and disadvantages of overseas FX and domestic FX, please see this article: https://money-charger.com/information/fx-domestic-and-overseas/ Advantages of the Zero-Cut System with No Margin Calls in Overseas FX Here, we will explain in detail the advantages of the zero-cut system with no margin calls in overseas FX. No risk of debt Peace of mind trading is possible Good compatibility with high leverage No risk of debt Using the zero-cut system means no margin calls will occur. Therefore, there is no risk of debt. This is arguably the biggest advantage of the zero-cut system. Because there is no risk of debt, even beginners can trade with peace of mind by using an overseas FX broker. Let's also look at cases where debt can occur in FX and how to deal with them. Peace of mind trading is possible Because there is no risk of debt when using the zero-cut system, traders can trade with peace of mind. For traders starting with small capital, they can concentrate on their own trading without feeling much stress even in the face of sudden price fluctuations. …

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inquiry

Usage time

Reply time

Live Chat

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Immediately

email

24-hour reception

Within 1 business day

Phone callback

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Designated time

inquiry

Usage time

Reply time

Live Chat

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Immediately

email

24-hour reception

Within 1 business day

Phone callback

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Designated time

inquiry

Usage time

Reply time

Live Chat

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Immediately

email

24-hour reception

Within 1 business day

Phone callback

Winter hours: 15:30-24:00
Summer hours: 14:30-23:00

Designated time

This is recommended for beginner traders and those who don't have time to trade

Two disadvantages of HFM / Negative reviews

Here, we'll introduce the disadvantages and negative reviews of HFM

  1. The financial licenses they hold are minor
  2. It is not fully supported in Japanese

Since overseas forex brokers have various features, be sure to check them along with their advantages and positive reviews

① The financial license held is minor

HFM isA financial license from "Saint Vincent and the Grenadines FSA"It has been obtained
Some people may feel uneasy because the license is from a relatively minor country like Saint Vincent and the Grenadines

The reliability of the "St. Vincent and the Grenadines FSA" itself cannot be said to be high
However, the HFM Group as a whole holds several major financial licenses worldwide and is a highly regarded company in the financial industryHigh reliabilityIt can be said that..

② It is not fully supported in Japanese

Some parts of the official website are only available in English, so it cannot be said that it is fully compatible with Japanese

On the other hand, customer support is handled by Japanese staff,Support for Japanese people is excellentI am doing it
If you have any questions that aren't answered on the official website, you should utilize customer support

Frequently Asked Questions about HFM 

This section answers frequently asked questions about HFM in a Q&A format

Q. Can I use MT4 or MT5?
Q. Are there any trading restrictions on HFM?
Q. Is HFM protected by a trust? Or is it segregated?

Q. Can I use MT4 or MT5?

At HFM,Both MT4 and MT5 are availableis
You can trade using the trading tool you are already using

Furthermore, the "HFM app" allows for online trading anytime, anywhere. With its user-friendly interface and advanced trading capabilities, it's an extremely convenient tool

Q. Have you ever experienced a withdrawal refusal?

Based on our independent research into HFM's withdrawal refusals, we found thatWe could not find any reviews or comments indicating that withdrawals were refused

This overseas forex broker can be considered a trustworthy and reliable trading platform

In the unlikely event that a withdrawal is refused, it is likely that the user has violated the terms of service.
When trading, we recommend that you fully understand the terms of service to avoid withdrawal refusals.

Q. Is HFM protected by a trust? Or is it segregated?

HFM is not a trust protectionWe employ separate waste managementI am doing it

The difference between trust protection and segregated management

Trust protection: All traders' funds are managed by a trust bank, so even if the overseas FX broker goes bankrupt, the deposited assets will be returned. Segregated accounts: In many cases, traders' funds are managed in the company's own bank without using a trust bank, and the return of assets is not guaranteed if the overseas FX broker goes bankrupt

The HFM official website states the following regarding sorting and management:

Your funds will be deposited in a separate bank account from our company's account. These funds will not be recorded on our balance sheet and, although the possibility is extremely low, will not be used to repay creditors in the unlikely event of a default

Fund Security | HFM

Traders' funds appear to be well managed, but if you are still concerned, you can adjust your deposit and withdrawal amounts

summary

This article explained HFM's cashback program, as well as its advantages and disadvantages

HFMIn addition to generous bonuses, it offers leverage up to 1,000x and low deposit and withdrawal feesThese are just some of the conditions that make overseas forex trading more advantageous
While the spreads aren't particularly narrow, considering the overall performance, the advantages of using HFM are significant

Money Charger (Manecha)You can receive cashback from HFMis
With a high cashback rate, you can make more profitable transactions

If you're taking advantage of HFM's cashback program, be sure to use Money Charger (Manecha)

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