HF Markets

HF Markets , known today by the short name HFM, has been operating since 2010 and, with five account types, very high leverage and a long list of additional services, is one of the well-known international brokers. In this overview, we review HF Markets' licenses, accounts, platforms, payment methods and service availability for Iranians based on Teagle data.

What kind of broker is HF Markets?

HF Markets is a broker with about 16 years of history, whose country is listed as Cyprus in Teagle data. HFM offers trading in forex, metals, energy, indices, stocks, cryptocurrencies and other CFDs, and in addition to MetaTrader 4 and 5, it also has its own proprietary platform and app. A cent account, an ECN account, and permission for scalping, hedging and news trading are among the features listed in this broker's profile.

HF Markets licenses and credibility

HFM's description mentions oversight by the FCA, CySEC, FSA and FSCA, but Teagle's license list gives a more accurate picture:

• Active licenses: CySEC Cyprus (No. 183/12) and FSA (No. 22747);
• Registrations without active status: The UK FCA (No. 801701), South Africa's FSCA (No. 46632) and Kenya's Capital Markets Authority (No. 155) appear on the list, but no active status is recorded for them.

Teagle's risk index also counts only the two licenses, CySEC and FSA, as active. The key point is that each client is registered under one of the group's companies depending on their country of residence, and the level of protection is not the same across all of them. To assess these differences, read the guide to broker regulation and how it is graded .

Does HF Markets serve Iranians?

No. According to Teagle data, HFM does not officially serve residents of Iran, and Iran is not within its declared service area. There is also no official Persian support. Teagle's expert stresses that even if this broker is notable in terms of market variety, platforms and track record, its geographic restriction rules it out as a reliable option for Iranian users. On the risks of signing up with brokers that do not accept Iranians, see the article brokers prohibited for Iranians .

HF Markets trading accounts

HF Markets has five accounts, all offered with floating spreads, no requotes and an Islamic version:

• Zero account: no minimum deposit, spreads from 0 pips, with commission;
• Pro account: minimum deposit of 100 units of the base currency and spreads from 0.6 pips;
• Premium account: no minimum deposit and spreads from 1.4 pips;
• Cent account: no minimum deposit, spreads from 1.4 pips, and only for forex and gold;
• INFINITYX account: minimum deposit of $500, spreads from 0.3 pips and unlimited leverage, with a 20% margin call and 0% stop out.

On the first four accounts, maximum leverage is 1:2000, which is automatically adjusted based on equity; these accounts have a 50% margin call and 20% stop out. Very high leverage raises risk just as much; before using it, read the articles on leveraged trading and leverage and margin in forex . The cent account is useful for practicing with real money; see how it compares in best brokers for cent accounts .

HF Markets platforms and services

Trading at HFM is done on MetaTrader 4, MetaTrader 5, HFM WebTrader, the mobile version and the proprietary HFM Platform; cTrader is not on this list. The broker's list of additional services is long: bonuses, cashback, rebates, education, copy trading and social trading, PAMM, virtual private server (VPS), trading API, IB program, economic calendar, calculators and a specialized glossary.

Deposits and withdrawals at HF Markets

According to Teagle's table, deposits by credit card start from $5 and take up to 10 minutes, by Skrill from $10 and up to 10 minutes, by crypto from $30 and instant, and by bank wire from $100 and in 2 to 7 business days. Deposits via these methods are free of charge (for bank wire, on amounts above $100). Withdrawals take instant via Skrill, up to 24 hours via crypto, and 2 to 10 business days via card and bank wire. The minimum withdrawal ranges from $5 for card and Skrill to $100 for bank wire.

HF Markets rating and risk on Teagle

HF Markets' final rating on Teagle is 3.24 out of 5: Trustpilot 4.3, Teagle expert 4, Forex Peace Army 3.65 and WikiFX 1; Teagle users have not submitted any reviews yet. The low WikiFX score has pulled the average down. The Teagle Eye risk index for this broker is 33 out of 100, in the "low to medium risk" category. Follow its position in the low-risk broker rankings .

HF Markets pros and cons

• Pro: active CySEC license and a 16-year track record
• Pro: support for MetaTrader 4 and 5 and five account types, including cent
• Pro: Islamic option on all accounts and extensive additional services
• Con: no services for Iranian users and no official Persian support
• Con: FCA, FSCA and Kenya registrations have no active status in Teagle's list
• Con: relatively higher spreads on some accounts

Who is HF Markets suitable for?

HFM suits traders outside Iran for whom instrument variety, reputable platforms and regulation matter. It is not a suitable option for residents of Iran or those who work with cTrader. If you live outside Iran, weigh it up in the HF Markets vs Exness comparison .

Conclusion

HF Markets is at a good level in terms of account variety, platforms and services, but it does not officially serve Iranians, which rules it out for users inside the country. If you are in another country, start with a small amount, make a test withdrawal and check the latest warnings on the investment risk warning page .