HFM may freeze your account if you violate the prohibited items. In addition, there is a possibility of account dormancy, and if you do not trade at all, maintenance costs will be incurred as well. Please refer to the detailed rules.
- HFM features and functions
- What is a dormant account?
- account freeze
- Will my demo account be frozen?
HFM features and functions
The functions and features of HFM are as follows. It is quite comprehensive compared to overseas FX brokers such as FXGT, XM, Axiory, BigBoss, and IForex. The support is solid and responses are quick. There is also a loss cut limit, and even if you make a loss, it will be automatically settled. Both trading, scalping, and automatic trading tools (EA) are also OK. There are also account types with narrow pips width. Swap points will occur if you cross the day with plus.
maximum leverage is high
The maximum leverage is 2000x, and there is a high degree of freedom in lot and spread. There are restrictions depending on the account type and stock, but the leverage is very high. In addition, you can receive bonuses, campaigns, points, and cashback with Cent and Premium accounts. Since there is a cushion function, you can trade the margin using only the bonus. We also have accounts for professionals, and you can easily create multiple accounts once you have uploaded and authenticated your ID (driver’s license, passport), etc.
Perfect security measures
HFM has also obtained a financial license and is highly reliable and safe. Wallet management and password settings are well taken care of. When registering, it is mandatory to create a profile, and the investor’s postal code, address, telephone number, source of funds and employment type are also required input. Identity verification is also required, as is the submission of utility bills, etc.
Many deposit and withdrawal methods
There are many detailed deposit and withdrawal methods such as bank transfer, credit card, debit card, and bitwallet. Currently, you can basically trade from a minimum of $5, and you can also transfer and receive funds within your wallet. When withdrawing money, your margin will be reduced, so please make the payment before opening a new position. The server is always stable and there are no rejections or slippage. VPS services are also provided.
Many trading methods
As stated on the official website, there are many financial products such as currency pairs, precious metals (gold), virtual currencies, energy, and commodities. There are also account types with narrow pips width, so you can trade advantageously. Swap points occur when the day passes. When losses become large, stop-loss cutting is adopted. There are also demo trading contests, and platforms such as MT4 and MT5 can be used.
What is a dormant account?
A dormant account refers to a state in which the account is left unattended and does nothing for a long time without trading. After 60 days, the management side will take measures to treat it as dormant. If the account is not used for 60 days or more, it will become a dormant account and will be archived.
Account maintenance fee after 90 days
Account maintenance fee will be charged after 90 days. An account maintenance fee of $5 will be automatically deducted from your account balance every month. The account will not disappear, but the archive account will remain as it is. However, maintenance costs are high, so we recommend that you do not leave it unattended.
Apply for reinstatement from the support desk
If you leave it as described above, maintenance costs will be incurred, so you need to contact support and choose between two options: restore it or have it deleted. Even if you want the transaction history of the archive account, you can get confirmation by contacting the support center. Please refer to the following article and contact the support center.
In the following cases, the account may be frozen.
The reason for this is the prohibited acts introduced in the article below. Please check the article below and see if it applies to you. By the way, if this is the case, even if you contact the support center and negotiate, there is a possibility that the freeze will not be lifted, so please give up in that case.
In the unlikely event that you cannot restore your account, there is a way to recreate your account from the beginning.
Another reason for freezing the account is the case where the account becomes invalid if the account is left unattended. This invalidation is called archiving. Archived accounts cannot be logged in or traded. As with dormant accounts, an account maintenance fee of $5 will be charged after 90 days. This point is treated in the same way as the case of dormant accounts explained above.
Apply for reinstatement from the support desk
If you leave it as described above, maintenance costs will be incurred, so you need to contact support and choose between two options: restore it or have it deleted. Even if you want the transaction history of the archive account, you can get confirmation by contacting the support center.
Will my demo account be frozen?
There is also a demo account at HFM, but the demo account is also archived by not using the account in the same way. As a point of caution, unlike the real account, the demo account will be archived in about 30 days. Unlike real accounts, archived demo accounts cannot be used again. You will need to apply for a demo account again.