The HFM minimum deposit amount required to register an HFM live trading account is $5 USD. This minimum deposit is equivalent to R90.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 🔎 Account | 📈 Cent Account | 📊 Zero Account | 📉 Pro Account | 📈 Pro Plus Account | 📉 Premium Account | 📈 Top-up Bonus |
| 💵 Minimum Deposit (USD/$) | $0 | $0 | $100/R1 800 | $250/ R4,700 | $0 | $0 |
| Deposit Fees | No fees | No fees | No fees | No fees | No fees | No fees |
| Withdrawal Fees | No fees | No fees | No fees | No fees | No fees | No fees |
| Deposit Methods | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) | Credit/Debit Cards, Bank Transfers, e-Wallets (Skrill, Neteller) |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Overall Rating
- 4.9/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Get Cashback
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HFM Minimum Deposit – 8 Key Point Quick Overview
- ☑️Overview
- ☑️At a Glance
- ☑️HFM Account Options
- ☑️Minimum Deposit fees and Methods
- ☑️How to make a Minimum Deposit with HFM
- ☑️Broker Comparison
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Our Findings
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
The minimum deposit amount required to open any HFM Pro Forex Trading Account starts from $5/R90 ZAR and will differ according to account choice.
Retail, Affiliates, and White Label clients can access various spreads and liquidity via state-of-the-art automatedtrading platformsin a tailored trading experience.
The broker focuses on the trading conditions like spread, required time to execute a deal, and account types available to the trader. HFM also offers trading materials and instruments to help traders with their work.
HFM – At a Glance
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 500+ |
| 👩💻Amount of active traders | 300,500 000 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
| 🌎Country of regulation | UK, South Africa, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:30 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 500+ |
| 🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
| ⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
| 📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | HFM Platform, MT4 |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support.za@hfm.com |
| 📞Customer Support Contact Number | +27-104 439 924 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | 27 languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
| 👨🏫Amount of partners | 41 000 |
| 📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | Open Account |
HFM Account Options
HFM prides itself on offering a wide variety of account types to its clientele, all with highly competitive and distinct trading conditions, designed to meet the needs and demands of all types of traders.
HFM makes live Forex Trading accounts available which respectively carry a minimum deposit and benefits selection:
| 🔎 Account | 📈 Cent Account | 📊 Zero Account | 📉 Pro Account | 📈 Pro Plus Account | 📉 Premium Account |
| 💵 Minimum Deposit | $0 | $0 | $100/ R1,800 | $250/ R4,700 | $0/ R0 |
| 📈 Maximum Leverage | 1:2000 | 1:2000 | 1:2000 | 1:2000 | 1:2000 |
| 📝 Spreads | Variable | Variable | Variable | Variable | Variable |
| 📑 Spreads from (pips) | From 1.2 pip | From 0 on Forex and Gold | From 0.5 pip | From 0.2 pip | From 1.2 pip |
| 📉 Max Simultaneous Open Orders | 150 | 500 | 500 | 500 | 500 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Minimum Deposit fees and Methods
It is advisable that HFMtraders fund their trading accounts with enough capital to cover margin requirements.
HFM does not charge any deposit fees – but traders may be subjected to transaction and processing fees by their chosen banking institution. Trades must verify any additional fees which may be incurred from their banking institution before selecting their HFM account option.
Deposit methods that are supported by HFMinclude:
- Bank Transfer
- Credit/Debit Cards
- Skrill
- Crypto
Deposit currencies for all HFM live trading accounts are $ USD (United States Dollar) or R ZAR (South African Rand).
How to pay the Minimum Deposit.
Step 1: Go to either the HFM App or Website.
Navigate to the Login button that is made available at the top of the HFM website.
Step 2: Click on “login” – myHF”.
Click on “login” – myHF” for the following step to become available. Never share this information.
Step 3: Enter Account ID & Password and Click on the Red “Log In” button.
Enter the personal information required and log in to the user account.
Aside from great deposit method options, there is a specified minimum deposit amount that is determined by the payment method chosen. Always verify this information with HFM customer support. Traders will typically be allowed to top-up their live trading account from $5.
Step 4: Log in to myHF area and then press “Deposit”.
Once a trader has pressed the deposit button located on the right-hand side of the screen, Payment options will become available.
Step 5: Choose a suitable payment system and click on it.
The payment options available will include Credit/Debit Cards, Bank Transfers, and alternative options.
Step 6: Choose the currency, type the amount of money you want to deposit, and press “Deposit”.
Investors can now select the currency and amount that they wish to deposit.
Step 7: Enter your Bank Card Details as needed and press “Pay”.
Traders will be required to enter their bank account details to complete payment.
Once these 7 Steps to deposit a minimum amount have been successfully completed, you will receive an on-screen confirmation.
Overall Rating
- 4.9/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Get Cashback
Broker Comparison
| 🔎 Broker | 🥇 HFM | 🥈 AvaTrade | 🥉 InstaForex |
| 📌 Regulation | FSCA, DFSA, FSC, CMA. FCA | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | CySEC, FSC |
| 💴 Minimum Deposit | 0 USD | 100 USD | 1 USD |
| 📈 Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader | MetaTrader 4, MetaTrader 5, WebTrader |
| 📉 Account Types | Cent Account, Zero Account, Pro Account, Pro Plus Account, Premium Account | Retail, Professional, Options | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica |
| 📊 Leverage | Up to 1:2000 | Up to 1:400 | Up to 1:1000 |
| 💹 Deposit Methods | Bank Transfer, Credit/Debit Cards, E-wallets, Cryptocurrencies | Bank Transfer, Credit/Debit Cards, E-wallets, Cryptocurrencies | Bank Transfer, Credit/Debit Cards, E-wallets, Cryptocurrencies |
| 💶 Withdrawal Methods | Same as deposit methods | Same as deposit methods | Same as deposit methods |
| 💵 Withdrawal Fees | No fees, but bank charges may apply | No fees, but bank charges may apply | Varies by method |
| 🥰 Customer Support | 24/5 Live Chat, Email, Phone, Localized Support | 24/5 Live Chat, Email, Phone, Localized Support | 24/7 Live Chat, Email, Phone, Localized Support |
| ⭐ Languages Supported | Multiple including English, French, Spanish, Arabic | Multiple including English, French, Spanish, Arabic | Multiple including English, Arabic, Chinese, Russian |
| ✏️ Educational Resources | Webinars, Video Tutorials, Articles | Webinars, eBooks, Video Tutorials | Webinars, Video Tutorials, Articles |
| 📔 Trading Instruments | Forex, Indices, Stocks, Commodities, Cryptocurrencies, CFDs | Forex, Indices, Stocks, Commodities, Cryptocurrencies, Options, ETFs | Forex, Indices, Stocks, Commodities, Cryptocurrencies, CFDs |
| 🎁 Bonus Programs | On Occassion | On Occassion | 30% Welcome Bonus, 100% Deposit Bonus |
| 🫰🏻 FSCA Regulation | ✅Yes | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Customer Reviews
🥇Excellent
“HFM excels in offering a diverse range of assets and competitive spreads. This makes it a suitable choice for traders who want to access various markets and minimize trading costs. Additionally, their educational resources can be beneficial for traders looking to improve their skills and knowledge.” Reviewed:Thomas Müller
🥈Good
“HFM offers a comprehensive range of assets and competitive spreads. Their support is responsive, but could be more personalized. Their educational resources are informative.” Reviewed: Sarah Johnson
🥉Service
“Their support is generally helpful, but could be more timely. Their educational resources are valuable, and a trust score would be reassuring.” Reviewed: Olivia Chen
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers multiple account options | High leverage can increase risk |
| Provides tight spreads and low commissions | Lacking its own trading platform. |
| Offers comprehensive educational content | Support may be limited |
Our Findings
HFM does not require a minimum deposit in most of its accounts so that it can accommodate traders of all classes of trading capital. However, some specific promotion or certain type of account could have some certain minimum deposit requirements.
Conclusion
Overall, HFM is a well-established, well-regulated, and customer-oriented operation that provides a secure trading environment with a customer support team of note. Loyal Customers and Major Banks rate HFM amongst the best International Brokers to date.
You might also like: HFM Account Types Overview
You might also like: HFM Demo Account
You might also like: HFM Fees and Spreads
You might also like: HFM Sign up Bonus
You might also like: HFM Islamic Account
Frequently Asked Questions
What is the minimum deposit for the different HFM account types?
The Minimum Deposit requirements for the different HFM (now known as HFM) accounts are: Micro account – $5/R70 ZAR, Premium account – $10/R140 ZAR, Zero Spread account – $200/R2800 ZAR and HFCopy account – $300 / R5108,43 ZAR for Strategy Provider and $100 / 1702,81 for Follower.
Can I make the HFM minimum deposit with a credit card?
Yes HFM does accept Visa/Master cards as funding method. The minimum deposit accepted with Visa/Mastercard is $5 / R70 ZAR and the maximum deposit accepted is $10 000 / R170243,50 at the current exchange rate between USD and ZAR at the time of writing
How can I make a HFM withdrawal from South Africa?
According to our HFM review the broker offers Bank transfers, Credit/Debit cards and Skrill as withdrawal methods for South African traders.
How long does an HFM withdrawal with Bank transfer take in South Africa?
You can expect the withdrawal from HFM to take anything from 1-3 business days.
How much are the HFM withdrawals fees for South Africa?
HFM does not charge withdrawal fees on their different withdrawal methods; however, South African traders should take note that should they withdraw an amount below the minimum withdrawal level they will have cover all charges associated with that withdrawal.
4.7/5 - (53 votes)
Table of Contents
Written by:
Louis Schoeman
Edited by:
Skerdian Meta
Fact checked by:
Arslan Butt
Updated:
September 13, 2024
Written by:
Louis Schoeman
Featured SA Shares Writer and Forex Analyst.
I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
Edited by:
Skerdian Meta
Leading Analyst
Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.
Fact checked by:
Arslan Butt
Commodities & Indices Analyst
Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.
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