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.

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 deep 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 " procedure

  1. Access this page to register for Money Charger (Manecha)
  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) " from the broker name dropdown; enter the account number of the HFM (formerly HotForex) account 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

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.

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."

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

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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