HF Markets offers various advantages for their clients. Read this guide before making any deposit or withdrawal from this broker.

HF Markets is a globally known forex and CFD broker that has been around since 2010. The broker aims to facilitate both newbies and expert traders by offering no less than 1000 tradable assets including forex pairs, major stocks, indexes, energy, metals, shares, bonds, ETFs, and commodities. Apart from that, HF Markets is also fully regulated and offers several distinct account types; each comes with competitive spreads, low commissions, and speedy trade execution.

As an investment broker, HF Markets understands that all transactions must be carried out safely and effectively. For this reason, making deposits and withdrawals at HF Markets has never been easier. Here's the complete guide to help you get started.

HF Markets deposit and withdrawal


Available Funding Methods

HF Markets offers quite a wide range of funding methods for making deposits and withdrawals. Each option has an associated minimum deposit, maximum deposit, and processing time. Find all the information you need on the following list.

  • Wire Transfers
    Wire transfer is perhaps the most common way to deposit funds into a trading account, so, as expected, this method is available to all users worldwide. It is basically a traditional transfer between banks all around the world, so it's considered safe and reliable. The minimum deposit is $100 and there is no limit as to how much you want to deposit or withdraw. The processing time may vary depending on the bank you use, but typically it ranges between 2 to 7 business days.

  • Credit/Debit Card
    Credit/debit card is another convenient funding method for forex traders. At HF Markets, you can choose to use Visa, Mastercard, or JCB card. The minimum deposit starts from $5 and the maximum deposit is $10,000 for Visa and Mastercard. As for the JCB card, the maximum deposit is $25,000. Conveniently, deposits via credit/debit cards can be processed almost instantly – no more than 10 minutes.

  • E-Wallets
    E-wallet is a rather fresh addition to the trading industry but is quite popular these days. It is known for its instant processing time. At HF Markets, there are several options that you can choose from, namely FasaPay, Bitwallet, Neteller, Skrill, PayRedeem, Perfect Money, WebMoney, Bitpay, Dusupay, and more. The minimum deposit varies depending on the method you choose, but all of them can process your request in less than 10 minutes.

  • Other Alternatives
    There is an option to use local bank transfers based on your country of residence. This is particularly common in areas outside of the CySEC and FCA authority. Most of these options are simple and instant, so make sure to check the availability with your bank and the broker support team. Apart from that, you can also make a deposit using an e-card like PayRedeem or cryptocurrencies such as Bitcoin, Ether, and Litecoin.

Available Base Currencies

Like other top brokers, HF Markets offers several options of base currencies to fund your account with. The options depend on the area where your account is regulated and the type of account that you choose. Here are the options:

  • USD
  • EUR
  • NGN
  • JPY
  • GBP
  • CHF
  • PLN
  • ZAR
  • AED

Choosing the right base currency for your account can help you minimize the cost of each deposit and withdrawal. With that being said, make sure to deposit using the same currency as your account base currency to avoid conversion fees.


Guide to Making Deposits in HF Markets

Before you fund your HF Markets account, there are several things that you should note, such as:

  • HF Markets does not apply any deposit fees regardless of the deposit amount. But even so, please note that your intermediary bank or card provider might charge you additional fees for using their service.
  • Aside from not charging any additional fees, HF Markets covers the fees imposed when making a deposit via Bank Wire Transfers. This is to ensure that you will receive the same amount of funds in your account as you allocated for the deposit, thereby protecting your expected margin. All you need to do is send a copy of your transfer receipt to the broker's support team and the broker will refund the charges. This is undoubtedly a nice advantage as it can reduce your overall trading cost.


Steps to Make a Deposit

1. Go to HF Markets' official website or app and then log in to myHF Area. If you're a new client, simply click the "Open a Live Account" button to start the registration process.

Deposit step 1


2. Once you're logged in, click "Deposit".

Deposit step 2


3. Choose your preferred deposit method and click on it.

Deposit step 3


4. Select the currency and enter the amount that you wish to deposit into your HF Markets account. Click "Deposit" once you're done.

Deposit step 4


5. Enter your bank account details and confirm the payment. You'll receive an on-screen confirmation indicating that the broker has received your deposit request.

Deposit step 5


HF Markets Withdrawal Conditions

When it comes to making a withdrawal, there are also several important details that you shouldn't miss, such as:

  • HF Markets does not charge any withdrawal fees, but there might be fees charged by the bank, third-party company, or payment service provider according to their fee structure.
  • All withdrawal requests submitted before 10:00 AM server time is processed on the same business day between 07:00 AM to 05:00 PM server time. Any request submitted after this time will be processed on the following business day (Monday to Friday).
  • According to the broker's policy, all funds must be returned to their original source, so all withdrawals must be made via the same method used for the initial deposit. Once the amount deposited is fully returned to its original source, you will be permitted to withdraw via another method.
  • For debit cards, the withdrawal amount must not exceed the initial deposit or the sum of all debit card deposits. If this is the case, you will receive the remaining amount via bank wire transfer. Also, deposits via Visa or Mastercard that were made more than 6 months ago cannot be withdrawn using the same method.
  • Funds cannot be withdrawn to an expired card. In case the card used for deposit is lost, replaced, stolen, or doesn't support the foreign remittance funds, you'll need to inform HF Markets before making a withdrawal request and provide an official letter from the bank stating the situation.
  • Unverified clients are not allowed to make any withdrawals until they provide the required KYC documents and get their accounts to be approved by the broker's support team.
  • If you want to cancel your withdrawal request, simply contact customer support for assistance. The quickest way to reach them is by using the Live Chat feature on the website. However, if the withdrawal has already been processed by the bank or payment provider, then you might not be able to cancel it.


How to Withdraw from Your Account

1. Head over to the broker's official website or HF Markets app, then log in to myHF Area.

Withdraw step 1


2. Click "Withdraw".

Withdraw step 2


3. Select your preferred withdrawal method from HF Markets' available options.

Withdraw step 3


4. Enter your withdrawal amount and other details. Type in your password and click "Withdraw".

Withdraw step 4


5. You will receive an on-screen confirmation as well as a confirmation email.

Withdraw step 5


Possible Reasons for Withdrawal Cancellation

It is worth mentioning that HF Markets may cancel or reject your withdrawal request due to the following reasons:

  • The client has failed to provide valid KYC information and documents within 7 days. Remember that unverified account holders are not allowed to make withdrawals. If this is the case, the client will need to upload the documents, wait for the account to be verified, and then resubmit the withdrawal request.
  • The client has failed to provide full or correct information while submitting the withdrawal request.
  • The client submitted an incorrect date of birth during the withdrawal request.
  • The client chose an incorrect withdrawal method or a different one than the deposit method.
  • The client's Skrill account has not been verified.

Keep in mind that the broker will inform you if any of the problems above occurs, along with instructions on what you need to do next. If you have any complaints, you'll need to write them down and send them to support development via email at [email protected].


Bottom Line

Based on the explanation above, we can see that HF Markets offers easy deposits and withdrawals for all types of clients worldwide. Aside from offering a wide range of payment methods, the broker charges no fees for making deposits and withdrawals. Just make sure to read all the terms and conditions before making any transaction, and don't forget to verify your account in order to withdraw funds from your balance.


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.