This article explores the highlights and performance review of the leading forex broker, HF Markets, in 2023. Read further to find out all about it.
The leading forex broker, HF Markets, summarizes the year 2023 with remarkable achievements and fresh innovations to enhance their clients' trading experience. Following its unique client-centered culture, the company has worked hard to combine many trading services to cater to traders' needs while also combating various challenges along the way.
With no less than 3.5 million accounts opened, won 60+ prestigious awards, and 200+ employees across different continents, HF Markets is known as a reliable multi-asset broker that provides advanced trading conditions for both beginners and professional traders. Here are more reasons to trade with HF Markets:
- Operates under the regulation of not one but several authorities, including the FCA, DFSA, FSCA, FSA, CMA, and St. Vincent and Grenadines.
- Diverse trading accounts with no minimum deposit
- Low spread starting from 0.1 EUR/USD
- Swap-free trading available
- Innovative HFM trading app to trade on the go
- High leverage of up to 1:2000
- Speedy trading execution
- Various options of trading platforms, including HFM, MT4 and MT5 platforms on desktop, web, and mobile
- Easy deposit and withdrawal
- Promotions and bonuses for both new and existing clients
- Multi-tier affiliate program
- Excellent 24/7 customer service in more than 27 languages
After celebrating its 10th anniversary in 2020, HF Markets has not stopped making efforts to further improve their service and mark new achievements. Let's explore how HF Markets performed in 2023 in the article below.
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.
HF Markets' Notable Achievements of 2023
Over the years, HF Markets has successfully proven its service quality by accomplishing many achievements. The company has received numerous appreciations and won multiple titles initiated by some of the industry's most respected awarding bodies.
Without further ado, here are the highlights of HF Markets 2023 recap.
1. Fresh and Enhanced Company Website
HF Markets is known for having a user-friendly website for all types of traders. Accessible from both desktop and mobile, it is where traders and clients can learn everything about the HF Markets starting from the company profile to the complete overview of the trading conditions.
In 2023, HF Markets introduced an enhanced version of the website, offering new trading accounts and a brand new look of the website to ensure a seamless and intuitive trading experience. Here are the details:
- Higher leverage of up to 1:2000
- Lower spreads
- Faster onboarding
- Free online and offline trading courses
- Swap-free trading conditions for specific accounts and instruments
- Ultra-fast order execution
- Quick deposits and withdrawals
With the improved website, clients can easily navigate around and find any information quickly. Suppose there's any issue, the customer service is ready 24/7 to assist in multiple languages.
2. Improved Copy Trading Service
HF Markets offers a copy trading service that allows traders regardless of their trading experience to follow other traders, known as Strategy Providers, and copy their trades. It is particularly a great method to learn from other traders and gain passive income.
In 2023, HF Markets announced exciting upgrades to its HFCopy program with the aim to allow both Followers and Strategy Providers to reach their full potential. Here are all the perks and benefits of the new upgraded version:
- Strategy Providers can now share their strategies and gain Followers across regions. Meanwhile, Followers can diversify their portfolio even further by following a Provider from a wider area
- Opening a new account is easier than ever using the one-click account opening system.
- Clients who wish to join the program as a Follower can start their journey with only $25 and get the privilege to use leverage of up to 1:500.
- The minimum deposit has been lowered to $100 from $300.
- There is no need for Strategy Providers to complete any suitability test. Each Provider can have up to 5 different strategy accounts and up to 200 Followers per account.
- The copy trading website also had some improvements to enhance traders' experience. Followers can now easily obtain information about a certain Strategy Provider on an interactive card view so that they can make an informed decision without a hassle.
3. Won Multiple Awards
Part of the highlights of HF Markets in 2023 was the winning of five prestigious awards, further proving its worth and quality as a leading forex broker. The award details are as follows:
- Best Trading Platform Broker from the FX Daily Info
- Best Online Trading from the CFI.co
- Best Stock Broker from the FX Awards 2023
- Top 100 Companies from the World Finance Magazine
- Best Trading Accounts Global from the World Business Outlook
4. Hosted Seminars and Other Events
As a client-centric company, HF Markets takes its clients' satisfaction very seriously. Over the years, HF Markets has hosted seminars and other events in various countries including Thailand, Nigeria, Kenya, and the Philippines. The goal is to meet their clients in person and share their knowledge to help traders worldwide enhance their trading skills.
On the broker's website, there is a dedicated page for all the upcoming events that traders can participate in and register straight away. All events are hosted by experts, so they provide invaluable opportunities to meet the team in person and gain exclusive trading knowledge.
5. Added More Popular Stocks
Last year, HF Markets broker expanded its already impressive 3,500 trading instruments as a part of its ongoing effort to maximize diversification for all types of traders.
The company added blue chip assets from the US, Germany, and Friends to the MT4 platform as CFD stocks. This means, traders can access a wider range of equities of some of the world's largest companies such as BMW, BNP, JPMorgan, and more. All comes with the privilege of trading with high leverage, low leverage, and affordable commission.
6. Introduced a New Virtual Analyst
One of the most innovative features of HF Markets in 2023 is the introduction of a new AI avatar called Kate. The idea is to make the markets accessible to all clients by offering a unique trading experience with the help of the virtual analyst Kate.
Besides the realism of the avatar, Kate is an alternative channel for clients to gain knowledge of the financial markets that will help them make informed decisions. To add more convenience, the computer-generated character can speak in more than 120 languages and accents.
The new virtual analyst is considered to be a positive development towards better and more effective trading solutions. Hopefully, it can help traders improve their skills and increase their satisfaction through a new form of communication.
HF Markets' Plans for 2024
2023 was a blast for HF Markets, but it was not without challenges, especially when it comes to emerging markets, economic and cultural challenges, and regulatory systems. But instead of letting those obstacles get the best of them, HF Markets chose to embrace and overcome them to ensure their continued success in the industry.
For 2024, HF Markets aims to expand their services into new markets and provide traders with access to an even more diverse range of trading instruments. Based on the client-centric principle, the broker will continue to provide the best trading conditions to their traders, focusing particularly on the countries where they operate and conducting researches to strengthen their presence in the area.
HF Markets is currently working towards the automation of the withdrawal procedure. The main goal is to make both deposits and withdrawals to be automated, thus making the process way easier for clients. Aside from that, the broker will also provide more bonuses and campaigns in the future, such as trading contests and deposit bonuses that traders can look forward to.
Final Thoughts
Overall, as a leading brokerage firm in the industry, HF Markets offers many exclusive advantages such as competitive pricing, reliable customer service, and cutting-edge technology. By constantly updating their services to provide the best conditions for their clients, the broker is expected to grow even bigger and earn more achievements in the future. This means, better trading conditions aimed at more satisfied clients.
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.