This article explains how to add a trading account to HFM, including the steps and conditions for starting, with images. HF Markets allows users to open an account, but can you add an account? And is it possible to have multiple accounts? This article answers those questions.
Is it possible to have multiple accounts?
Adding an account is particularly easy. When opening a new account, we provide proof of identity and address, but creating an additional account does not require such trouble. You can create an account in just 1 minute. Once you are able to log in, click “Open a live trading account” under the “My trading account” section. By the way, even if you add an account with myhf, the conditions such as spread and leverage are the same. You cannot change it, but you can add it to select a different account type from the ones offered. If you are unsure, please contact support.
Abandoned accounts are archived
The account type selection screen will appear. Overseas FX companies have wallets, and funds are always transferred to a valid trading account via the wallet. Please see below for account details and procedures.
How to create an additional account
Adding an account is particularly easy. When you open a new account, you have to provide identification and address proof, but you don’t have to do that to create an additional account. You can create an account in 1 minute. Once logged in, click on “Open Live Trading Account” under “My Trading Account”.
You will be taken to the account type selection screen.
Choose a platform. Please choose the one you like MT4 or MT5.
Finally, select the “currency, leverage, and bonus” you want to set for your additional account. Click the button to proceed and the addition will be completed automatically. You can access and add or change the service settings, such as the amount and multiplier, later. There are many types, so we highly recommend it. The above is also available on smartphones. Consider the fees, minimum required balance and margin, and the generous bonuses, and check each one before adding.
Leverage: Choose from 1x to 1000x.
Account Currency: You can choose from 3 different base currencies. USD, JPY, EUR
Bonus: Choose if you want to receive a bonus
Once the application for opening an additional account is completed, the login information for the additional account you opened will be displayed and will be sent to you via email, so please keep it safe. The account number “ID”, “password”, and “server name” are the information required to log in to MT4 or MT5. This information is always required on the authentication page of the official website. Save the content as an image in advance.
Notes on account types
There is one thing to note about account types. This means that there are some account types that cannot be added depending on the account type. The account types are: Please note that only one deposit bonus account can be opened per account for a professional account and a bonus receiving account. Document screening for members (driver’s license, passport, My Number Card), residence confirmation, etc. will not be required for additional accounts as long as they are submitted first. Also, eligibility for bonuses and campaigns will vary depending on the account type. The number of products such as currency pairs, lots, and leverage will also change.
| Cent | Premium | Micro | Zero Spread | HF Copy | No deposit bonus | deposit bonus | |
| Order execution method | NDD/STP | NDD/STP | NDD/STP | NDD/STP | NDD/STP | NDD/STP | NDD/STP |
| Minimum deposit amount | $5 | $5 | $5 | $200 | $500 | – | – |
| Maximum leverage | 1000 | 500 | 1000 | 500 | 400 | 1000 | 1000 |
| Spread type | Fluctuation | Fluctuation | Fluctuation | Fluctuation | – | – | |
| Minimum spread | 1.0 pip | 1.0 pip | 1.0 pip | 0.0 pip | 1.0 pip | 1.0 pip | 1.0 pip |
| Maximum open position | 150 | 300 | 150 | 500 | 300 | 500 | 500 |
| transaction fee | Free | Free | Free | Free | Free | Free | Free |
| Bonus | × | 〇 | 〇 | × | × | 〇 | 〇 |
| margin call | 50% | 50% | 40% | 50% | 50% | 50% | 50% |
| Trade Instruments | Forex Metal | Forex Metal Energy Indice Stock Commodity ETF Funds Crypto | Forex Metal Energy Indice Stock Commodity ETF Funds Crypto | Forex Metal Energy Indice Stock Commodity ETF Funds Crypto | Forex Metal Energy Index: | Forex Metal Energy Indice Stock Commodity ETF Funds Crypto | Forex Metal Energy Indice Stock Commodity ETF Funds Crypto |
Meaning of creating an additional account
What is the reason for creating multiple accounts in the first place? The reasons are as follows. The maximum leverage is 2000 times, the operating company is very reliable, and it is licensed by the Financial Services Agency, so you can feel safe. Other companies in the industry such as traderstrust, iforex, titanfx, and axiory have similar additional account features.
Use in trading strategy
The purpose of creating multiple account types is to use them differently depending on your trading strategy. There is an implication that it is easy to use by specializing the trading strategy for each account, such as long trading for one account and scalping trading for another account. It is especially recommended for traders who have many strategies.
No penalty for creating an account
By the way, there are no penalties for creating too many accounts. If you leave it unattended, it will be archived, but since you will not be charged an additional fee, there is no particular risk.
How to use account types
Creating multiple accounts is recommended for those who want to use various account types. This is especially true for novice traders, who often don’t know which account type is right for them. In that case, you could just create a lot of accounts and try trading.
Switch trading platform
Creating multiple accounts means you can switch trading platforms for each account type. There are MT4 and MT5, so you can use both.
Switching leverage
By creating multiple accounts, you can switch between different leverages. It is very flexible because it is possible to trade with low leverage on one account and gamble on the other. In addition, investors do not need to enter any new information such as email address, date of birth, or phone number when adding an account.
Fund diversification
By creating multiple accounts, you can spread your funds and avoid the worst possible outcome of losing everything at once. Risk diversification is very important in investing, so be sure to keep it in mind. By the way, when creating a corporate account, it is also stated in the terms of service, but you will also need to upload additional documents.
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