ROFM in HF Markets stands for Return on Free Margin, a program that offers a chance to earn daily earnings based on your free margin and trading volume.
In order to start trading in financial markets, every trader needs a good broker. While traders typically look for useful features like trading fees and platforms, they will also come across various attractive promotions like bonuses and cashbacks. The idea is to reward traders for choosing the broker's service and give some of the expenses back to the trader, usually after they have proven themselves to be active traders or loyal clients to the broker.
There are many forms of bonus packages offered by various brokers in the market. Each of them comes with specific terms and conditions that must be met before the promotion ends. HF Markets (previously known as HotForex) is a leading broker with plenty of bonuses and contests that you surely don't want to miss. One such promotion is called Return on Free Margin (ROFM).
What is Return on Free Margin?
Founded in 2010, HF Markets is a broker that caters to the need of practically any type of trader. It offers access to a wide variety of trading instruments, MetaTrader platforms, and a handful of high-quality tools that could help traders improve their trades.
HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.
Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.
HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:
- HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
- HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
- HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
- HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
- HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
- HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.
Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.
HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.
HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.
After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).
Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.
Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.
Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.
From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.
Return on Free Margin is one of HF Market's latest promotions that give eligible clients daily earnings of up to 3% based on the client's daily margin and accumulated trading volume. The interest will be transferred to the client's account in the following month.
Where to Find the Information on the Official Broker Site?
- This information is reported per Mar 30 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore HF Markets homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Receive Return on Free Margin
There are conditions that must be fulfilled to receive the Return on Free Margin. The bonus will be given to clients who meet the minimum daily free margin and monthly trading volume, as shown in the following table:
| Free Margin - Daily | Trading Volume - Monthly | |
| 5-50 lots | >50 lots | |
| Rate of Return on Free Margin | ||
| $1,000.01 - $25,000 | 2% | 2.5% |
| >$25,000 | 2.5% | 3% |
Free margin refers to the amount of equity minus margin requirement and bonus. Meanwhile, monthly trading volume is calculated from any closed trade on CFDs on forex and metals (gold, silver, copper, etc.) which had been opened for more than three minutes in that month. Any closed trade on CFDs on forex and metal that were opened on a relevant day shall also be included in the accumulation.
Eligible clients that have successfully met all the conditions will receive the Return on Free Margin every month, specifically during the first week of the subsequent month. So, if the interest is calculated for January, then the bonus will be paid to the client's wallet in the first week of February.
The Return on Free Margin is always given in the base currency of the client's wallet. Once the bonus is paid, the client can either chooses to withdraw the funds or uses them for trading with no restrictions.
How to Participate
The client must be above 18 years old or of legal age in their country of residence to participate in this program and has opened a live trading account with HF Markets. In addition, the program is only available for free margin in a Micro, Premium, Auto, Zero, Premium, HFCopy, and Islamic (swap-free) trading account. This program does not apply to any PAMM account or archived trading account in HF Markets.
Where to Find the Information on the Official Broker Site?
- This information is reported per May 1 2024.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore HF Markets homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
Here are the steps to join HF Markets' ROFM program:
- Visit HF Market's official website and create a new live trading account if you haven't already.
- Once you're logged in, open the homepage and click "Promotions" on the menu bar, then "Contest".
- Click "Return on Free Margin" to find all information about the program.
- Read the terms and conditions, then click the "Join ROFM" button to participate.
- You can check your previous and upcoming returns on the Free Margin payments on your myHF area.
Conclusion
All in all, Return on Free Margin offers a great opportunity to earn returns from your free margin. The return is calculated based on daily free margin and monthly trading volume, so it's particularly suitable for active traders with medium spending.
Moreover, Return on Free Margin has no expiration time, so you can participate in any given month. It is a type of bonus that doesn't require a lot of specific demands or trading conditions, so you can just carry on with your daily routine and enjoy the additional return at the start of each month.
HF Markets is a global Forex and Commodities broker that facilitates both retail and institutional clients. Previously known as HotForex in the brokerage industry, HFM has positioned itself as the forex broker of choice for traders worldwide through their various account types and trading tools. Furthermore, HF Markets allow scalpers and traders use Expert Advisors unrestricted.
15 Comments
Mar 30 2023
Hi
I've seen so many positive reviews on HF Markets, so I'm pretty excited to learn about this bonus. To be honest, it sounds promising and the conditions are not that hard to achieve. However, I consider myself a newbie in this field and it's only my second time picking a broker (the first one didn't offer any bonuses and turned out to be a scam), so I was wondering if this program would really help me with my trades or not. Any suggestions on how to pick the right trading bonus? What are the dos and donts?
Thanks in advance :)
Mar 30 2023
The first rule in trading bonus is that you should not use any trading strategy just to cash out the bonus. The main idea is to a bonus program that fits your strategy, not the other way around. You shouldn't revise your trading strategy only to claim the bonus. It won't end well. But if you choose the right program that fits your routine, cashing out would be much easier because you can just focus on your actual trading activities.
However, if at some point you find yourself stuck in a situation where the bonus is about to expire, but you still have a bit of trading volume to achieve, then you should calculate the trading risk and compare it with the size of the bonus. If the bonus is larger, then go for it. Keep trading and fulfill the trading volume requirement, but also make sure to keep the risk in check.
Mar 31 2023
I want to add that one of the most obvious red flags in a bonus program is when the bonus is not available for withdrawal. This is usually the case with large bonuses. You can only use it for trading or increase your leverage, and that might lead you to perform risky trades.
Also, beware of bonuses that are simply impossible to achieve, at least for you anyway. It's important to know your capability as well as your needs in trading. For example, if the bonus requires $1,000 free margin but you only deposit around $750 each month, then the program is simply not for you.
Mar 31 2023
For me, the rule of thumb is always read the terms and conditions beforehand... You need to understand what the broker expects from you, what they can offer, and whether you can fulfill the requirements or not. Never choose a bonus just because the number is higher compared to other brokers. This might be a trick from scam brokers as well, so please be careful when choosing. Do not fall for insanely attractive offers because most of them are not legit. Trust me I speak from my own experience…
Mar 31 2023
Hey man, I hope you find the right broker for you soon! It's never easy for traders to pick a broker, let alone thinking about minor things such as bonus programs. My advice is to first consider the reliability of the broker. Do not trade with unregistered brokers as they tend to be more risky. Then consider vital aspects like platform fees, speed, etc. In my opinion bonus programs should be the least of your concern, but if the broker has checked the rest of your criteria then go ahead. Good luck!
Mar 31 2023
With so many bonuses offered by brokers, HF Markets now provides an opportunity to earn through their Free Margin Program, which can be considered a cashback program as it provides cashback based on your free margin. However, I'm curious about the minimum deposit required by HF Markets as the required minimum free margin is quite high at $1,000.1.
As a trader with limited deposit ability, I wonder if there are any other bonuses offered by HF Markets that may be more suitable for me? And is there any information about the detail of the bonuses?
Mar 31 2023
The good news is that HF Markets offers a range of bonuses and promotions that may be more suitable for traders with a smaller budget. One option is the 100% Supercharged Bonus, which doubles your trading equity and can help increase your margin level. Another option is the 30% Rescue Bonus, which provides additional margin during drawdown periods and can help protect your account from potential losses. Additionally, they also offer a no deposit bonus of $35.
If you have the ability to deposit funds, the Supercharged Bonus may be the way to go, as the minimum deposit is only $250. However, if you prefer not to use your own money to trade, the no deposit bonus may be a better fit. As for me, I would personally choose the Supercharged Bonus. You can read more detail about supercharged bonus at here : Get Rewarded With HF Market Supercharged Bonus
Mar 31 2023
Thank you so much for your detailed and informative response. Your explanation really helped me understand the different types of bonuses and promotions offered by HF Markets, and I appreciate the suggestions on which bonuses would be more suitable for traders with a smaller budget. Your help is greatly appreciated! As previously mentioned, I am not interested in depositing more than I had planned, and for me, $250 is still too high. However, I appreciate your suggestions and the information provided, and I have decided to start my trading journey with the no deposit bonus. Once again, thank you for your help!
Mar 31 2023
I think this program offered by HF Markets is worth trying out, despite the conditions that need to be met to qualify for it. If you do meet the requirements, it appears to be easy to obtain. I'm interested in the program and would like to know which account would be best for me to get the Return of Free Margin (ROFM) benefit. As I understand it, I need to have a free margin of $1,000.1 to qualify. Can you please let me know what the minimum deposit is to achieve this free margin level?
Mar 31 2023
The ROFM program offered by HF Markets can be a great opportunity for traders to earn additional returns on their trading activities. However, as you mentioned, there are certain conditions that need to be met in order to qualify for the program, such as maintaining a certain level of free margin.
For example, if the margin requirement for a particular trade is 1%, you will need to deposit at least $100,000 in order to open a position with a notional value of $10,000. Similarly, if the required margin level for the ROFM program is $1,000.1, you will need to deposit at least that amount or more to be eligible for the program.
Hope it can clear your doubt
Apr 8 2023
As a beginner, I am really confused about the Margin system in trading. After reading some comments above me, I still don't understand what the cashback system is that I can get from HF Market. First of all, I want to know what the Margin terms in trading mean. Secondly, what is free margin and how is it different from the regular margin? Finally, I am curious about the bonus reward that returns Free Margin in HF Market. Can you explain it to me? Thank you!
Apr 9 2023
As a beginner, it can be overwhelming to understand all the trading terms, including margin and free margin. Let me break it down for you.
Now, when it comes to the bonus reward that HF Market offers, it essentially gives you a percentage of your free margin back as cashback. So, the more free margin you have, the more cashback you can earn. However, it is important to note that you cannot withdraw the bonus directly. Instead, you can use the bonus to trade in the market, and any profits made can be withdrawn.
Apr 10 2023
Thank you so much for taking the time to answer my questions and providing me with such detailed information. Your explanations have really helped me to understand more about margin, free margin, and the bonus reward system in HF Market. I appreciate your patience in breaking down these concepts for me!
Now I understand what the comment above talking about. And after read your responses and I read back again the article, I guess it is not so good offer although it is win win solution for the broker and the trader. I mean, I heard about making profit from spread and commission at brokers meanwhile we as trader can get the profit if we open the transaction. since the return of free margin at HF Market is added to the "margin" it means you can trade more. AM I RIGHT?
Apr 10 2023
Hey, I've been checking out the bonuses offered by HF Market and they look super enticing, which is making me seriously consider trading with them. I'm really curious about their new trader program, and it sounds like it's a great opportunity to benefit both new and experienced traders alike. However, before I dive in, I'd like to know more about the regulatory body that oversees HF Market to make sure it's a safe and reliable broker to trade with. Can you tell me more about it? And also, I'm wondering if HF Market is available for US traders? Thanks a lot!
Apr 10 2023
Hey there! So glad to hear that you're interested in the bonuses and trading opportunities offered by HF Market. In terms of regulation, HF Market is actually regulated by several reputable authorities. One of them is the Financial Conduct Authority (FCA) in the UK, which is known for its strict regulations and high standards.
The FCA is responsible for overseeing and regulating financial markets in the UK. Their main goal is to protect consumers and ensure the stability of the financial system. As a regulated broker under the FCA, HF Market is required to follow strict rules and guidelines, which includes keeping client funds in segregated accounts and providing negative balance protection. This means that your funds are kept separate from the broker's own funds, and you won't lose more than what you've invested in case of unexpected market movements.
In addition to the FCA, HF Market is also regulated by other authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles.
As for US traders, unfortunately, HF Market is not currently available for traders based in the United States.