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Cent Account

Cent account is a type of trading account that allows you to trade swap free and with cent lots. A Cent lot equals 0,01 of a Standard lot or 1,000 units. The margin requirements are as low as 10 US cents making it a beginner-friendly option for traders transitioning from trading on a Demo account to real trading.

Cent accounts are an excellent choice for novice traders who want to put their trading skills to the test and learn the dynamics of the real market - all while not investing too much of their trading funds. Experienced traders can also trade on Cent accounts to test new trading instruments and develop their strategies with less capital and reduced exposure.

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Low spreads

leverage

Leverage

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No markups

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Swap free

Account Details

Trading Platform: MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
Spreads: From 0 on Forex and Gold
Contract Size: 1 lot = 100 000 units
Trading Instruments * All Available (Click here to view full list)
Maximum Leverage: 1:2000
Execution: Market Execution
Minimum opening deposit: $0
Minimum trade size: 0.01 LOT (1,000 units of base currency)
Trade size increment: 0.01
Maximum Total Trade Size: 60 Standard lots per position
Maximum Simultaneous Open Orders: 500
Margin Call / Stop out level: 50% / 20%
Account Currency: USD, EUR, NGN, JPY
Swap free ** Yes
* Raw spreads available only for Forex. ** Swap-Free applies only for specific trading instruments.

Available on MT4 & MT5

accounts

Faqs

What is the difference between a myHF account and a trading account?

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Your myHF account is your wallet, which is automatically created when you register with HFM. It can be used to make deposits, withdrawals and internal transfers to and from your trading accounts. Through your myHF area you can also create your live trading accounts and demo accounts.

Note: You can log in to your myHF account only from the website or using the HFM App.

A trading account is a Live or Demo account you create through your myHF area in order to trade any asset available.

Note: You can log in to your Live / Demo trading account only on the platform or the WebTerminal.

How do I log in to the trading platform?

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You will need to use the login details you have received on your registered email address after creating a Live or Demo trading account.

You will need to enter:

  • Trading Account number
  • Trader’s password
  • Server. Note: We kindly inform you that you can use the server IP address should the required server not be available. You will need to copy the Server IP address manually and paste it in the Server field. The relevant IP addresses can be found here and here

How can I open an account?

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To open a Demo account click here. The demo account allows you to trade risk-free by providing you with access to HFM MT4 and MT5 trading platforms, and unlimited demo funds.

To open a Live account click here.

In both cases a myHF area will be opened. MyHF area is your client area from where you can manage your demo accounts, your live accounts and your finances.

Do I have to provide any documents to HFM to open an account?

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For Live accounts we need at least two documents to accept you as an individual client:

  • Proof of Identification - current (not expired) coloured scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, please upload a similar identification document bearing your photo such as National ID card or Driving licence.
  • Proof of Address - a Bank Statement or Utility Bill. Please ensure however, that documents provided are not older than 6 months and that your name and physical address is clearly displayed.

Important Note: The name on the Proof of Identification document must match the name on the Proof of Address document.

You can conveniently upload your documents directly from your myHF area; alternatively you can also scan them and send them to backoffice@hfm-plus.com

Your documents will be checked by the verifications department within 48 hours. Kindly note, any deposits will be credited to the account only after your documents have been approved and your myHF area is fully activated.

What leverage is applied to my account?

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Leverage available for HFM trading accounts is up to 1:2000 depending on the account type. For further details please go to our Account Types page on our website.

What is the minimum funding requirement to open an account?

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The minimum initial deposit depends on the account type selected. Please click here to view all our accounts and the minimum initial deposit for each.

How can I deposit funds into my account?

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We offer a variety of deposit options. Please click here to see all available methods.

How can I withdraw money?

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Your myHF account is your wallet, which is automatically created when you register with HFM. It can be used to make deposits, withdrawals and internal transfers to and from your trading accounts. Through your myHF area you can also create your live trading accounts and demo accounts.

You can withdraw at any time from the funds that are surplus to any margin requirement. To request a withdrawal, simply login to myHF area (your Client Area) and select 'Withdraw'. Withdrawals submitted before 10:00am server time are processed on the same business day between 7:00am and 5:00pm server time.

Withdrawals submitted after 10:00am server time, will be processed on the following business day between 7:00am and 5:00pm server time.

To see all available withdrawal options, please click here