This article will explain with images the identity verification documents required by the broker for opening an account with hfm (hotforex) and the steps and methods for starting trading. HF Markets is a very popular and reliable FX company in the world. It has many traders around the world and is a recommended FX company for those who want to try foreign exchange. It is a long-established company that has been in operation for over 10 years, so there is no risk of funds being stolen.
- How to open an account
- Account opening bonus and deposit bonus
- FAQ
- Is copy trading possible?
- Is there a difference between myHF account and trading account?
- Are there any account maintenance fees?
- What trading tools are available?
- What is the maximum leverage?
- Can I create additional accounts?
- Do you have a demo account?
- Do you have a corporate account?
- Do you have an Islamic account?
- Can I cancel or withdraw from my account?
- Related
How to open an account
Opening an account requires three steps: account opening, identity verification, and trading account opening. You will need identity verification documents, so please prepare them. By the way, opening an account is very easy and only takes a few minutes. There are account types and platforms with narrow spreads such as MT4 and MT5, so we will compare and explain the latest details. There are no fees for opening an account. If you have any questions, visit Support and ask questions. Service is available all year round. Please have at least your ID ready.
| Things to prepare | |
| Open an account | email address and phone number |
| Identification | ID card, proof of address |
| Open trading account | – |
Let’s open an account first. Please click the button below.
Create account
You will be redirected to the home page as shown below. The language can be changed from the upper right of the screen. HF Markets supports 26 languages, making it a friendly website for people from most countries.
Source : https://www.hfm.com/
To open an account, click/tap “Open Live Account”.
Select “Individual”. Please fill in each of the forms below. If you check “I have read and agree to the privacy policy”, you will be asked a simple question to prevent unauthorized account opening. Finally, click “Register”. When completed, the “Registration Successful” screen will be displayed.
Country of residence: Please select the country where you live.
Phone number: You can register either a landline or a mobile phone. The country code is automatically entered when your country of residence is selected.
First Name: Enter the name below the account opener in romaji. Please enter your real name, not a nickname.
Last Name: Enter the surname of the account holder in romaji. Please enter your real name, not a nickname.
E-mail address: The e-mail address for obtaining e-mail authentication and account information. Please enter it correctly.
Date of Birth: Select from the pull-down menu in the order of day/month/year.
email authentication
After completing the account opening form, you should receive an email from the company regarding “Account Activation” to your registered email address. Click/tap “Account Validation” to verify your email. At the same time, you will also receive an email with the subject “myHF account login information”. Please be sure to save the information in this email. This is because it contains your account ID.
By completing the email authentication, an account ID and password will be issued, and you will be able to log in to the member page. If you do not receive an email, it may have been marked as junk or spam in your email settings. Please check your email settings. Your password will be a combination of uppercase letters, lowercase letters, numbers, and letters, so please at least write it down. Required to use the content.
Identification
After creating an account and verifying your email, you can actually log in. When you log in, click the “Click here” in the part surrounded by a red frame. Start creating your profile.
Since the personal information input screen is displayed, enter the contents that match the identity verification document. By the way, if you do not enter the correct information, the identity verification will not be completed. The following screen will appear, please enter each. The information required for input is as follows.
Country of Birth: Select the country of birth.
Salutation: Select a salutation.
Address 1: Enter the street address and building name where you live.
Address 2: Optionally enter information that could not be entered in Address 1.
Municipality: Enter the municipality where you are enrolled.
Prefecture: Enter the prefecture in which you are enrolled.
Postal Code: Enter your postal code.
Country of Residence: Enter your country of residence.
Communication preferences: Select the method of receiving information from the FX company.
Base Currency: Select your account currency.
Estimated Net Worth: Select your current net worth.
Education: Select your final educational background.
Employment Type: Enter your current employment type.
Funding Source: Select a funding source.
CFD Trading Experience: Select your CFD trading experience.
Have you ever been convicted of a crime or have an unsolved criminal charge? : Select “No” if you have not been convicted or suspected of a crime.
Are you a politically significant person (PEP) or affiliated with a PEP: Select ‘No’ if you are not a politically significant person.
Are you a US citizen or US resident for tax purposes? : Select “No” if you are not a US resident.
Checkbox: Check if you are over 18 years old and agree to the terms of use.
Now press “Save” to complete the user profile creation. Next, upload your documents. When you return to the home screen, there should be “Please authenticate your account” in the left menu of the red frame, so click it.
Submitting an ID. The following documents are valid: Documents must be within the validity period. Take a clearer photo with your smartphone or camera. If it’s blurry, you’ll be asked to resubmit. Select the document data from “Select file” and upload it from “Upload”.
Passport photo page
My number card (for Japan, submit both front and back)
Driver’s license (submit both front and back)
Submission of proof of address. The following documents are valid: Documents must be within the validity period. Take a clearer photo with your smartphone or camera. If it’s blurry, you’ll be asked to resubmit. Select the document data from “Select file” and upload it from “Upload”.
Bills of water, electricity, gas, etc.
within the last 6 months Statement of telephone charges
within the last 6 months Credit card statement
Documents of public institutions
Certificate of residence
Current address page of passport
It takes about 1 business day to confirm your identity with a document. Please note that the support center is closed on weekends and holidays. Once the identity verification is completed, the following e-mail will be sent to the registered e-mail address. Authentication is complete.
Opening a trading account
The last step is to open a trading account. There are multiple account types, each offering MT4 and MT5, so open an account with the conditions of your choice. Click “Open Account” from My Page on the official website. Accounts are introduced in the article below, but they may or may not be eligible for bonuses and campaigns. Personally, I recommend starting with a premium account. Investment stocks and products are also displayed in a list. Many professionals choose a zero account. The feature is that there are no bonuses and campaigns, but the spread is narrow.
Select the account type you want to use. Investors of any type can do PC demo trading even on their smartphones. Furthermore, you can freely set the lot etc. when placing a new order. The server is stable for all accounts, and swap points are generated.
When the next screen appears, it will be a screen to select MT4 or MT5, so please select either one.
The account setting screen will appear. After each input, complete with “Account Opening”. When an email containing the account number, password, and server name is sent to the registered email address, opening a trading account is complete. Please be sure to save this email. It is also necessary to log in to MT4 and MT5, which are trading tools.
Account opening bonus and deposit bonus
HFM holds deposit bonuses, account opening bonuses, etc. from time to time. Account opening bonuses may be held for a limited time, but unlike other bonuses, they have a usage deadline, so we recommend you to receive them as soon as possible. I will introduce it in the article below.
FAQ
Please refer to the list of frequently asked questions regarding account opening. HFM’s standard account has stocks such as commodities, precious metals, stocks, FX currency pairs, and virtual currencies. They have a wide range of products compared to ironfx, milton, axiory, XM, bigboss, exness, etc.
Is copy trading possible?
HFM allows copy trading. Copy trading requires opening a dedicated account, but in any case, you must first open an HFM account, so you will need to open an account before doing so.
Is there a difference between myHF account and trading account?
myHF account is an account that acts like a wallet. It is used not only for deposits and withdrawals, but also for transferring funds between trading accounts. This account will be automatically created when you open an account. On the other hand, multiple trading accounts can be created only for trading, which are opened after account creation.
Are there any account maintenance fees?
There are no account maintenance fees, but if you do not trade for two months, your account will become dormant and account maintenance fees will be charged after 90 days. Please note that it will cost you $5 every month until your account balance reaches 0 yen.
What trading tools are available?
Trading tools include MT4 and MT5. Don’t worry, you can use major tools.
What is the maximum leverage?
The maximum leverage is 2000x, which allows you to trade with quite high leverage, making it possible to trade with small amounts.
Can I create additional accounts?
HFM allows you to create additional accounts. By managing multiple accounts, you can use various account types.
Do you have a demo account?
HFM has a demo account. Demo accounts do not use any real money, so there is no risk. If you are a beginner, we recommend that you first get used to the experience with a demo account before opening a real account.
Do you have a corporate account?
HFM offers corporate accounts. However, while corporate accounts have many advantages, they also have many disadvantages, so please consider the overall situation before deciding to open one. Be sure to inquire about financial services in advance.
Do you have an Islamic account?
HFM has users from all over the world trading, so they also offer an Islamic account. Users must prove that they are Muslim. Islamic accounts are free of swap points. Swaps are free, assets and margin can be used in the same way as normal accounts, and there are promotions. It’s a great deal because it can be explained in one step. Customers can complete registration in 5 minutes.
Can I cancel or withdraw from my account?
With some exceptions, HFM allows you to cancel or withdraw from your account by application. If you are tired of trading, please refer to the following article, which provides the latest information from the operating company, to close your account. It is smooth because it is automatically processed by default. Please withdraw your profits from the market yourself before doing this. The official terms and conditions allow you to start using all the functions during business hours.
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