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.
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.
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)
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
Please enter your name (in Roman letters), email address, and password, then click the "Register" button
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
*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
*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
The deposit bonus of up to $5,000 is very attractive
HFM offers a maximum leverage of 2,000x, resulting in exceptional trading efficiency
Six different deposit and withdrawal methods available! Both deposits and withdrawals are fast!
HFM's spreads are somewhat wide, but with a "zero spread account," you can trade with narrower spreads
HFM offers a zero-cut system and Japanese language support for worry-free use
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
• 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
I've been doing affiliate work as a partner with HFM up until now this is actually the first time I've opened a trading account. absolutely blown away
by how fast the deposit was!🤣🌸✨✨
I've used many different brokers, but this is the fastest I've ever seen!🤣✨
— Haru Urara - AI videos and flipbook animations (@aikawaurala) October 13, 2022
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
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
The financial licenses they hold are minor
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
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)