Open a HFM（HotForex） rebate account

HFM (HotForex) has been a well-known forex broker since its inception in 2009 and has been providing a diverse range of services across the globe.

HFM is known for its tight spreads, 2000x leverage, and the ability to trade certain commodities without SWAPs.

In addition, HFM offers fast Japanese language support, which is widely appreciated. 2022 saw HFM change its brand name from “HotForex” to “HFM” and frequently update its account specifications.

Simple Account Opening Assistance

For customers who have questions about opening an account, we provide a questionnaire for customers to fill out.

From opening an account to receiving a rebate, no matter what questions you have, please feel free to contact our customer service.

About HFM’s rebate rate (forex trading)

Generally speaking, compared with domestic forex brokers, overseas forex brokers have larger spreads. Under such a premise, rather than opening an account with a one-time cash return, each transaction can get a cash return is more likely to reduce transaction costs.

HFM’s cash back account is a service that addresses this need.

※The table shows the amount of commission per 100,000 currency units (0.1 spread equals to 1
    USD).
※For gold and silver rebate amount, please refer to Here
※Cashback amount for indices, stocks, oil, etc. is 0.095 pips spread per lot (0.099 pips spread for
  direct paymet
※Starting from April 29, 2024, transactions settled within 2 minutes will not be eligible for rebates.
※Trades using only bonus will not be eligible for rebates, and if part of the bonus is used as the
    required margin, the amount will be reduced according to the percentage of usage.

About switching to a trading account

If you choose to use a rebate account, the rebate will be credited directly to your personal bank account. 

If you would like to have your commission paid to your HFM trading account, you can request this via the link below.

Reduce trading costs by using cash rebates!

When you open a rebate account, you can start to receive a rebate from the smallest trading unit.

Even though HFM spreads are already set very tight, you can further reduce your trading costs by using cash rebates.

Commitment to the highest commission rates

We offer higher rebate rates than other IBs.

If any other IB has a higher rebate rate than ours, please contact us through the form below.

Click here to open a cash back account

You may proceed through the following 4 steps to open a new registration form.

Please refer to the detailed opening schedule in the “HFM New English Coupon Schedule.

About opening additional accounts (IB transfers)

HFM does not allow changes to be linked to our cashback account from accounts that were not originally opened through us.

To open our cashback account, you need to open a new account from myHF.

For detailed steps on how to open an add-on account, please refer to “HFM Add-on Account Opening Process”. Enter “315938” in the “IB ID” field to open a cashback account associated with us.

The industry’s fastest withdrawals

We have introduced a payment system.

Therefore, we are able to pay your commission on the next day of the transaction with the fastest speed in the industry.

Withdrawal of commission without any additional handling fees

The rebate amount will be directly transferred to your trading account, so there is no handling fee when withdrawing funds.

We also do not charge any exchange fees, please feel free to use.

HFM (HotForex) Unique Bonus Programs

of May 2, 2024,  “20% Bonus on Saved Value Campaign” is underway.

In addition, there will be “Loyalty Program” where points are accumulated and “Free Margin Return” where you can get cash back.

※Please note that any unauthorized use of bonus funds or participation in the program with false documents is strictly prohibited.

20% Deposit Bonus Program

The 20% Deposit Bonus is available for deposits into the Deposit Bonus (Saved Value Bonus) account.

This account has almost the same specifications as the Premium account, but with a leverage of 1000x and an average spread of about 1.4 pips.

Below is an overview of the 20% Deposit Bonus:

Please note the following when accepting the bonus:

HFM Loyalty Program

HFM offers a loyalty program called the Loyalty Program.

Anyone who opens an account can apply and will receive points for every trade.

Depending on the number of trading days, the reward level will increase and so will the number of points earned.

The conditions for earning points are holding a position for more than 5 minutes and the difference between the opening and closing price is more than 5 pips.

Therefore, quick trades aimed at small profits in a short period of time do not qualify.

Also, please note that if you have not traded for more than 30 days, you will drop to the lowest level and your points will be zero.

Earned points can be converted into cash (1 USD = 35 cents), used for VPS service or redeemed for exclusive trading advice from analysts.

Return On Free Margin（ROFM）

Return On Free Margin (ROFM) is a program that offers up to 3% rebate based on daily free funds and cumulative trading volume for the month.

The program is available to all accounts except PAMM accounts, simply click on the “Get ROFM” button in the myHF area to participate in the promotion.

Applicable trading instruments include currency pairs and metals, and positions must be held for more than 3 minutes.

The free money is calculated as follows, and the commission rate is based on the daily free money and the cumulative trading volume of the month.

Remaining Margin = Total Assets – Required Margin

Return = Residual Margin × (Return Rate ÷ 100 ÷ 365)

Payments will be made to your wallet account in the first week of the following month and withdrawals can also be made.

Details of HFM (HotForex)

Since its establishment in 2009, HFM (HotForex) has been dedicated to attracting clients from all over the world.

Its extensive product line and unique bonus program have been well received and its popularity is growing.

From May 2022, the brand name will be changed from “HotForex” to “HFM”.

HFM (HotForex) Corporate Profile

HF Market Group, the parent company of HFM, already has over 1.3 million accounts worldwide.

Since ESMA (European Securities and Markets Authority) regulation was implemented in 2018, it has been providing services to individual investors in Asia by utilizing licenses and operations in the St. Vincent and Grenadine Islands.

Since 2019, HFM has had a legal presence in Dubai and has received regulatory authorization from the Dubai Financial Services Authority and continues to expand its operations.

HFM is also a top broker in the European region and is committed to enhancing its brand appeal in offering a wide range of products beyond forex trading.

In addition to HFM’s Seychelles license, the Group has obtained the following licenses.

The UK license is notoriously difficult to obtain and its credibility is unquestionable.

HFM (HotForex) Review

HFM is a well-established broker with a history of more than 10 years, and negative rumors of withdrawal denials are rare.

Some reviews point out that its Japanese financial licenses of St. Vincent and Grenadine are less credible and withdrawals can be delayed, but people still appreciate its product portfolio and extensive bonus program.

However, it is also true that there have been a number of website and social media scams posing as HFM so far this year.

Therefore, it is important to exercise caution when using the official HFM website (https://www.hfm.com/sv/jp/) or social media, and it is a good idea to bookmark it for security.

HFM’s Features and Transactions

HFM features include the following.

HFM (HotForex) Account Types

HFM offers 4 different account types.

The Premium account is the basic account type that is popular among traders of all kinds, while the Cent account is a mini account that can trade 10 currencies.

The Zero account is an ECN based account with tight spreads and additional fees.

The Pro account is an attractive account type with tight spreads and free commission, but please note that only one Pro account can be opened per myHF account.

HF Copy Accounts with Cent Type Options

HFM offers a copy account that allows exact copying of trades made by specific professional traders (strategy providers).

As of March 2024, Japanese Yen pricing has also been introduced into the Cent Copy account.

Please note that in the Cent JPY account, if the gain is less than 1 yen, the gain will be shown after it accumulates to 1 yen.

Account opening and account type setting can be done via “HF Copy” from the menu on the left side of the myHF area for both strategy providers (traders) and followers (copy traders).

However, the selection of strategy providers and followers is limited to users with the same account type as yourself.

An overview of each account is given below:

Maximum leverage of 2000x

In HFM, except for Top-up Bonus and Duplicate accounts, all account types can use up to 2000x leverage.

However, it should be noted that 2000x leverage is only applicable to FX currency pairs and gold, and the effective guarantee amount of each trading account will also have certain limitations on leverage.

In addition, from 15 minutes before to 5 minutes after the release of major economic news or indicators, as well as from 23:00 server time to 1:00 a.m. the next day, the maximum leverage of newly opened orders will be limited to 500 times.

※Applicable to positions of 50 lots or more.

Spreads and SWAPs on Forex Currency Pairs

For forex, there are 15 major currency pairs and 38 minor currency pairs.

The maximum leverage is 2000x (20x for USDTRY and 200x for ZARJPY) and the spreads are relatively close to the industry average.

In addition, at HFM, even non-Islamists can trade specific currency pairs without SWAP for a specific period of time in all accounts except the Top-up Bonus account.

Swap-free pairs and the number of days allowed can be confirmed from the “Markets” menu on the official website.

In the contract specifications on each page, the number of days allowed will be displayed by clicking on the underlying you wish to inquire about (excluding the underlying will be displayed as “0”).

As of May 15, 2024, the minimum spreads and SWAPs for Premium accounts published on the official HFM website are as follows.

※1 Maximum leverage is 20 X
※2 Maximum leverage is 200 X

About trading products such as CFDs

At HFM, it is possible to trade a variety of products on the same platform.

Stocks and bonds, in particular, have a clear correlation with forex, so it is possible to increase your profit opportunities by utilizing these products at the same time.

Precious Metals

In Precious Metals, it is possible to trade 6 instruments, of which Gold can be traded using up to 2,000 times leverage.

As of May 15, 2024, the spreads and SWAPs for Precious Metals products published on the official HFM website are as follows.

Energy

For energy, you can trade spot and futures UK Brent Crude Oil (UKOil) and US Crude Oil (USOil).

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

Commodities

For commodities, there are 5 futures contracts to choose from.

All unexecuted orders will be automatically deleted at the close of the daily market.

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

Stock Indices

For stock indices, there are 11 spot and 12 futures instruments that can be traded.

There will be a handling fee of USD 1 per lot (round trip) and the SWAP will be tripled every Friday.

As of May 15, 2024, the spreads and SWAPs published on HFM’s official website are as follows.

Cryptocurrencies

At HTM, you can trade 40 popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

Leverage ranges from 10 to 50 times, with a handling fee of $1 per lot.

Stocks

At HFM, you can trade 93 hot major symbols.

A 0.1% handling fee will be charged for stock trading with a maximum trade size of 5000 shares.

All unexecuted orders will be automatically deleted at market close.

Please refer to the following links for all trading symbols and their detailed information:

HFM／Stock

Bonds

At HFM you can trade European Bonds, UK Bonds and US 10-year Treasuries without SWAPs.

As of May 15, 2024, the spreads and SWAPs published on the official HFM website are as follows.

ETF（Exchange-Traded Fund）

An ETF is an investment trust that is listed on a stock exchange and is usually linked to a specific index.

HFM offers 23 ETFs in a variety of sector bases such as mining, energy, technology, healthcare, real estate, etc. and can be traded with up to 5x leverage.

Spreads for each ETF are provided by the respective exchanges, and triple SWAPs apply every Friday.

Detailed ETF underlying and related information can be found in the link below.

HFM／ETF

Trade from as little as 10 currency units

In HFM, the basic lot size for forex trading is 1 lot (100,000 currency units), but you can trade from as little as 0.01 lot (1000 currency units).

In a cent account, the basic lot size is 1000 currency units, and the minimum lot size is 10 currency units (0.01 lot).

In a highly leveraged trading environment, trading in small units can be extremely advantageous for traders.

HFM’s Trading Platform

HFM supports trading on multiple devices, whether it is a cell phone or a tablet, you can trade anytime, anywhere.

Supported trading platforms include MT4, which is commonly found in overseas forex brokers, and the newly developed MT5, which can be used for all accounts except for HF clone trading accounts.

While the ability to use automated trading software (EA) and indicator tools on MT4 gives it a higher level of convenience, MT5 is more suitable for autonomous trading.

Recently, the number of EAs and indicators available on MT5 has been increasing, so it’s a good idea to use MT5 as appropriate.

No restrictions on trading techniques and automated trading (EA)

HFM has no restrictions on scalping.

Likewise, hedging trades within the same account are allowed.

For automated trading, HFM offers a dedicated account and there are no restrictions on follow-on trades.

It can be seen that HFM in many overseas foreign exchange traders, provide a higher degree of freedom of trading account.

HFM (HotForex) Funds Management System

HFM manages its clients’ deposits separately from the company’s working capital.

Although unlike most domestic forex companies, which utilize a fiduciary protection system, HFM has taken out a “civil indemnity insurance system” that covers up to 5 million euros in damages.

The insurance not only covers insolvency, but also pecuniary losses such as errors, negligence, fraud, etc., and provides adequate protection.

HFM (HotForex) offers several ways to deposit and withdraw funds.

When you open an account with HFM, you will open a dedicated money management account called “myWallet”.

Deposits are first reflected in the myWallet, and then funds are moved from the myWallet to the trading account for trading.

On the contrary, when withdrawing funds, they are first moved from the trading account to the myWallet and then withdrawn from the myWallet.

Deposit Methods

The main methods of deposit available in the country include domestic bank transfers.

It should be noted that as of May 2024, VISA and MasterCard deposit services are temporarily suspended.

The deposit process can be found in the link below.

Withdrawal Methods

HFM offers the following withdrawal methods.

※Depends on the bank you use

The withdrawal process can be found in the link below.

Introduction of a negative balance protection system so that you do not need to call on the margin

HFM has introduced the Negative Balance Protection System so that even if there is a loss in excess of the margin, there will be no call on the margin.

This is an important advantage that domestic traders do not have, as there is no need to worry about margin calls even in the event of unpredictable market fluctuations.

This alone demonstrates the value of utilizing an offshore broker.

HFM’s Englsih Customer Service

For individual investors in the Chinese-speaking community, the Chinese language support is one of the main concerns when choosing an overseas forex broker.

HFM is committed to attracting customers from all over the world and provides a Chinese language support system via email and chat.

HFM provides fast English support between 9:00 and 24:00 Taiwan time.

A broker that is constantly improving its trading specifications to meet the needs of investors.

HFM is an attractive business, offering high leverage of up to 2,000x and a unique bonus program for frequent traders.

Recently, they have also updated their account specifications, which shows how much they care about attracting investors.

As they are constantly striving to provide a better trading environment for their clients, they can be considered as a company that investors can use with confidence.

It might be a good idea to open a demo account first to experience the HFM trading environment.