Forex Trading
There is a reason why the foreign exchange or forex is the largest financial market in the world; it empowers everyone to seize trading opportunities on currency fluctuations. Go short or long on Forex CFDs, take advantage of the superior trading conditions offered by Hfm-Plus and become an active forex trader in the global markets.
Currency pairs – majors, minors & exotics
Ultra-tight spreads
Account Leverage
Powerful trading platforms
Superior trading tools
Customer Support
Account Details
WHAT IS FOREX TRADING?
Forex, short for foreign exchange, is a decentralized global market where currencies are traded. One of the key advantages of forex trading is that it allows individuals and institutions to seize trading opportunities on currency volatility. This is because the value of currencies is constantly changing in response to various economic and geopolitical factors, such as interest rates, inflation, political instability, and natural disasters.
By trading Forex CFDs, individuals can buy and sell currencies with the aim of making a profit from the difference in exchange rates. For example, if you believe that the value of the US Dollar will increase against the Euro, you can buy US Dollars with Euros at the current exchange rate. If your prediction is correct and the value of the US Dollar does increase, you can sell your US Dollars for more Euros than you originally paid, making a profit.
Forex trading also offers several other advantages, such as leveraged trading, high liquidity, low transaction costs, and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the Hfm-Plus App to start trading Forex.
Hfm-Plus has created a dedicated page on What Forex Trading is.
Traders need to stay up to date with economic news and events that can affect currency prices. You can find out when major economic news is due for release on our Economic calendar.
HOW TO START TRADING CFDs ON FOREX
1. Open an Hfm-Plus Live Account or try Demo
2. Determine your trading strategy
3. Choose your trading platform
4. Select the currency pair you want to trade
5. Open and monitor your position
Ready to learn more about online trading? Visit our online Trading Education Center for more.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-Plus. 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-Plus 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-Plus 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-Plus 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 support@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-Plus 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-Plus. 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