Overall, HFM gives you what you need to place trades across Forex, indices, stocks, and more. There’s no SGD account, but the platform choice is decent, the costs are competitive, and you have a mix of account types, depending on how you trade.
HFM Key Details
| Category | Details |
| 🏦 Singapore Office Address | None. HFM does not maintain a physical office in Singapore. |
| 📧 Email Support | [email protected] |
| 📞 Phone Support (Singapore) | No Singapore hotline, but global line available at +44-203 097 85 71. |
| 💬 Live Chat | Yes – available via the HFM website and client portal. |
| ⏱️ Customer Support Hours | 24/5 during market trading hours. |
| ⏳ Office Operating Hours | Monday to Friday, 9:00 AM – 6:00 PM (broker operations, not SG-specific). |
| 🌐Official Website | https://www.hfm.com/ |
| 🚀 Sign up | Open Account |
Which Authorities Regulate HFM in Asia and Beyond?
HFM does not hold a licence from the Monetary Authority of Singapore (MAS), which means local safeguards like the Investor Alert List, licensing checks, or deposit protection schemes don’t cover your account.
Instead, Singapore-based clients are onboarded through one of HFM’s offshore entities, typically the Mauritius or Seychelles branch.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| Financial Services Commission (FSC) | Mauritius | C110008214 | Main licence for international clients, including those in Singapore. |
| Financial Services Authority (FSA) | Seychelles | SD015 | Offshore licence commonly used for global onboarding outside strict jurisdictions. |
| Financial Conduct Authority (FCA) | United Kingdom | 801701 | Tier-1 oversight. Applies to UK-based operations only. Not available to SG clients. |
| Cyprus Securities & Exchange Commission (CySEC) | Cyprus | 183/12 | Used for European clients under MiFID II. Not relevant to Singapore accounts. |
| Dubai Financial Services Authority (DFSA) | United Arab Emirates | F004885 | Covers business inside the DIFC. Doesn’t apply to Singapore-based accounts. |
| Financial Sector Conduct Authority (FSCA) | South Africa | 46632 | Covers South African residents. Not applicable to Singapore clients. |
| Capital Markets Authority (CMA) | Kenya | 155 | Local approval for Kenya. Not used in Singapore onboarding. |
How does HFM ensure the safety of client funds?
HFM protects customer funds with segregated accounts, which keep client funds separate from the company’s operational capital.
Does HFM offer any form of protection against negative balance?
Yes, HFM offers negative balance protection, which protects customers from losing more than their account amount.
What HFM Account Types Are Available to Singaporean Traders?
All of them. Singaporeans can access the Cent, Premium, Zero, Pro, and Pro Plus accounts.
This includes both spread-only and commission-based setups, swap-free options, and accounts suited to everything from bot testing to high-volume strategies.
| Live Account | Minimum Dep. | Sign up | Leverage |
| Cent Account | $0 | Open Account | Up to 1:2000 |
| Premium Account | $0 | Open Account | Up to 1:2000 |
| Zero Account | $0 | Open Account | Up to 1:2000 |
| Pro Account | $100 | Open Account | Up to 1:2000 |
| Pro Plus Account | $250 | Open Account | Up to 1:2000 |
| Top-Up Bonus Account | $0 | Open Account | Up to 1:1000 |
Cent Account
🔍Account Feature 💍Value 💻 Trading Platforms MT4, MT5, WebTrader, Mobile, HFM App 💰 Minimum Deposit $0 📈 Maximum Leverage Up to 1:2000 💹 Trading Instruments Forex pairs and gold (micro-lot format) 🏆 Best For Trialling EAs, low-risk strategy tests, or first live trades ✅ Advantages Trade real markets using micro amounts, with margin as low as 10 cents 🚀Sign up Open Account
Premium Account
| 🔍Account Feature | 💍Value |
| 💻 Trading Platforms | MT4, MT5, WebTrader, Mobile, HFM App |
| 📉 Spread Pips | From 1.2 pips EUR/USD |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Up to 1:2000 |
| 💹 Trading Instruments | Full range: Forex, shares, indices, metals, commodities, crypto, ETFs |
| 🏆 Best For | Traders who want a simple cost structure with no commission |
| ✅ Advantages | No deposit threshold, full product access, commission-free trading |
| 🚀Sign up | Open Account |
Zero Account
| 🔍Account Feature | 💍Value |
| 💻 Trading Platforms | MT4, MT5, WebTrader, Mobile, HFM App |
| 📉 Spread Pips | From 0.0 pips (raw spreads) |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Up to 1:2000 |
| 💹 Trading Instruments | All instruments available on the platform |
| 🏆 Best For | High-frequency trading, news-based strategies, or scalping |
| ✅ Advantages | Tight pricing with predictable commissions; ideal for precision trading |
| 🚀Sign up | Open Account |
Pro Account
| 🔍Account Feature | 💍Value |
| 💻 Trading Platforms | MT4, MT5, WebTrader, Mobile, HFM App |
| 📉 Spread Pips | From 0.6 pips |
| 💰 Minimum Deposit | $100 |
| 📈 Maximum Leverage | Up to 1:2000 |
| 💹 Trading Instruments | Full range Forex, metals, shares, indices, commodities, crypto, ETFs |
| 🏆 Best For | Traders who want raw spreads without commission charges |
| ✅ Advantages | Low spreads, no commissions, and full product access |
| 🚀Sign up | Open Account |
Pro Plus Account
🔍Account Feature 💍Value 💻 Trading Platforms MT4, MT5, WebTrader, Mobile, HFM App 📉 Spread Pips From 0.2 pips 💰 Minimum Deposit $250 📈 Maximum Leverage Up to 1:2000 💹 Trading Instruments All available instruments across asset classes 🏆 Best For High-volume or frequent traders who want the tightest spreads ✅ Advantages Institutional-grade conditions, no commission, max exposure flexibility 🚀Sign up Open Account
Demo Account
🔍Account Feature 💍Value 💻 Trading Platforms MT4, MT5, WebTrader, Mobile, HFM App 🛠️ Features Unlimited duration, customisable balance, live market conditions 🏆 Best For New traders learning the platform, or testing EAs and strategies 🚀Sign up Open Account
Islamic Account
🔍Account Feature 💍Value 💻 Trading Platforms MT4, MT5, WebTrader, Mobile, HFM App 📉 Spread Pips Based on underlying live account (e.g. Premium, Pro, Zero, etc.) 💰 Minimum Deposit $100 📈 Maximum Leverage Up to 1:2000 💹 Trading Instruments Forex majors/minors, gold, select indices — varies by platform 🏆 Best For Traders who cannot receive or pay interest, or want to avoid swaps ✅ Advantages No overnight swap charges; available on most account types 🚀Sign up Open Account
What is the leverage offered in HFM’s different account types?
HFM’s leverage varies by account type, with possibilities up to 1:2000, offering flexibility for various trading techniques.
Are there any account maintenance fees for HFM accounts?
No, HFM may levy inactivity fees on dormant accounts, but there are no account maintenance costs in general.
How Can Singaporeans Open an HFM Account?
Here’s how to open an account:
Step 1: Click on Register
- Go to www.hfm.com and select “Register”.
Step 2: Fill in information
- Fill in your details in your country of residence, Singapore, and email address.
Step 3: Verify your email address
- Verify your email address using the code HFM sends you.
Is it necessary to withdraw the remaining balance before closing an HFM account?
Yes, any remaining balance must be withdrawn to avoid losing those funds while closing an HFM account.
How long does it take to process the closure of an HFM account?
The time it takes to close an HFM account varies, but if the request is confirmed, the closure is usually completed quickly.
HFM vs Octa vs AvaTrade – A Comparison
| 🔍Broker | 🥇HFM | 🥈Octa | 🥉AvaTrade |
| ⌛Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | CySEC, SVG FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 HFM App | MetaTrader 4 MetaTrader 5 OctaTrader Octa App | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💵Withdrawal Fee | None | None | None |
| 🗂️Demo Account | Yes | Yes | Yes |
| 💷Min Deposit | 0 SGD | 33 SGD | 130 SGD |
| 📈Leverage | 1:2000 | 1:500 | 1:30 (Retail) 1:400 (Pro) |
| ✏️Spread | 0.0 pips | 0.6 pips | Fixed, from 0.9 pips |
| 💶Commissions | $6 per round turn | None | None |
| 🛑Margin Call/Stop-Out | 50%/20% | 25%/15% | 25% – 50% (M) 10% (S/O) |
| 🧑⚖️Order Execution | Market | Market | Instant |
| ➡️No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | None | None |
| 🗂️Account Types | Cent Account Premium Account Zero Account Pro Account | OctaTrader Account Octa MetaTrader 4 Octa MetaTrader 5 | Retail Account Pro Account Islamic Account |
| 📌MAS Regulation | None | None | None |
| 💴SGD Deposits | Yes | None | None |
| 🚩SGD Account | None | None | None |
| 🕰️Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 👉Retail Investor Accounts | 4 | 3 | 1 |
| ☪️Islamic Account | Yes | Yes | Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
| ⬆️Maximum Trade Size | 500 lots | 500 lots | Unlimited |
| ⏰Minimum Withdrawal Time | 10 Minutes | 1 – 3 hours | 24 to 48 Hours |
| ⏱️Maximum Estimated Withdrawal Time | 10 business days | 1 – 3 hours | Up to 10 days |
| ✔️Instant Deposits and Instant Withdrawals? | None | Yes, Deposits | None |
| 📝Sign up | Open Account | Open Account | Open Account |
Does HFM Support Mobile, Desktop, and Web Trading?
Yes. Singapore-based clients can trade via the HFM App, HFM’s web platform, and desktop platforms like MT4 and MT5. Each option has advantages for tech-savvy clients in a smartphone-first country that leads global penetration rates, on average, with more than one mobile line per person.
MetaTrader 4 (MT4)
Key Features
- 250+ CFDs: forex, metals, energies, indices.
- Multi‑device support: desktop, mobile, web, and MultiTerminal.
- Expert Advisor (EA) support.
- 9 chart time‑frames and 50+ indicators.
- Multiple pending order types and one‑click trading.
Ideal for forex-focused traders targeting liquidity windows like the London–New York crossover, when volatility peaks in Singaporean trading hours, and those using algorithmic tools.
MetaTrader 5 (MT5)
Key Features
- Full order suite, with hedging and grid options.
- Multi‑device support and advanced EA compatibility.
- 3,000+ instruments, including stocks, ETFs, and bonds.
- 21 chart time‑frames and 80+ indicators.
- Built‑in economic calendar.
Ideal for serious, multi‑asset traders pursuing Singapore’s growing interest in international equities, ETFs, and fixed income markets.
HFM App
Key Features
- One login for trading, funding, account switching, and history.
- Trade by units, lots, or amount across asset classes.
- Swap-free and demo/live account toggles.
- 24/5 multilingual live chat support..
- Biometric login and mobile-friendly layout
- In-app charting and key indicators.
- Customisable watchlist.
- Trade history with performance metrics.
Ideal for traders who want everything (funding, management, and execution) on the move without switching platforms.
HFM VPS Hosting
Key Features
- Offers a stable connection ideal for high‑frequency or news‑driven execution.
- Near‑zero latency for automated trading.
- 24/5 uptime ensures EAs stay live during Asia/Europe overlap.
Ideal for traders who run expert advisors around the clock and need reliable infrastructure without relying on local Singapore hardware.
HFM CopyTrading
Key Features
- Available on Cent, Premium, and Pro accounts.
- Control exit strategy or unfollow at any time.
- Mirror seasoned traders in real time.
- Choose allocation levels and monitor P/L.
- Transparent leaderboard: performance, drawdown, followers.
Ideal for investors keen to diversify across strategies without active trade management, yet learn from performance data on provider trades.
Are HFM’s trading platforms suitable for beginner Singaporean traders?
Yes, HFM’s trading platforms, particularly MetaTrader 4, are user-friendly and appropriate for novice Singaporean traders.
Can Singaporean traders use automated trading strategies on HFM’s platforms?
Yes, traders can utilize automated trading techniques on HFM’s platforms, particularly MetaTrader 4 and 5.
Which Instruments Are Available for HFM Singapore Users?
Singapore isn’t just a regional financial hub; it’s a trading and export heavyweight. The country’s top exports include refined petroleum, integrated circuits, gold, and machinery. Singapore is also a leader in commodity shipping, tech services, and fund management.
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Singaporean Traders Should Be Familiar With This Type |
| 🛢️ Energies CFD | Speculate on the price of crude oil via CFDs on Brent and WTI benchmarks. | UKOIL, USOIL | Oil is one of Singapore’s top exports. Energy markets are closely watched by locals. |
| 📊 ETF CFD | Get access to popular ETFs without owning the fund. Trade equity sectors, commodities and index trackers. | SPDR Gold, iShares S&P 500, Healthcare ETFs | ETFs are gaining traction in Singapore among traders seeking thematic or index exposure. |
| 🚀 Crypto CFD | Trade digital currencies without managing wallets. Price movement only, with capped leverage and full control. | Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash | Singapore’s crypto adoption is growing. CFD access allows traders to act quickly. |
| 📈 Stocks CFD | Access global equities as CFDs, including US tech, EU industrials, and more. | Apple, Tesla, Amazon, Microsoft, LVMH | Singapore’s investors often trade US and EU stocks via CFDs for exposure and liquidity. |
| 🏦 Forex CFD | Trade global currency pairs with tight spreads and flexible leverage. | EUR/USD, USD/JPY, AUD/USD, GBP/CHF, NZD/CAD | Singapore’s time zone overlaps key sessions. Forex is liquid, fast-moving, and popular. |
| 💵 Bonds CFD | Trade government bond CFDs from top economies with lower volatility and longer horizons. | US10Y, UK10Y, GER10Y | Bond markets help traders position around rate decisions and yield curve changes. |
| 📊 Indices CFD | Trade major stock indices from the US, UK, Europe, and Asia with variable trading hours and spreads. | US500, US30, NAS100, JPN225, GER40 | Index trading suits macro strategies. Many Singaporean traders follow the US and Asia. |
| 🌾 Commodities CFD | Trade agriculture-related instruments like sugar, coffee and cotton through HFM’s platform. | Sugar, Coffee, Cotton, Cocoa | Soft commodities are used for diversification and reflect wider global price shifts. |
| 🪙 Metals CFD | Access gold, silver and other metals as contracts-for-difference. | XAU/USD, XAG/USD, XAUEUR | Singapore trades large volumes of gold as part of its re-export and wealth industries. |
What Fees Should Singaporean Traders Expect at HFM?
Spreads and Commission Fees (Per Account Type)
Overnight Fees, Rollovers, or Swaps
HFM charges overnight interest on open positions held past the market close (typically 00:00 platform time).
- Standard swap charges apply across all live accounts unless swap-free status is requested.
- Singapore traders using swing or multi-day setups should keep an eye on the swap schedule for positions in gold, cryptos, or minor forex pairs, which can have higher rates.
Account Type Typical Spreads (on Majors) Commission per Trade Cent From 1.2 pips No commission Premium From 1.2 pips No commission Top-Up Bonus From 1.4 pips No commission Pro From 0.6 pips No commission Pro Plus From 0.2 pips No commission Zero From 0.0 pips (raw pricing) $3 per side per standard lot ($6 total)
Inactivity Fee
This one can catch out long-term account holders:
- After 6 months of no activity: $5/ 5/ 5/month
- After 12 months: $10/month
- After 24 months: $20/month
- After 36+ months: The Account may be archived, with additional admin charges depending on the account balance.
“Activity” includes logging into the platform, placing trades, or making deposits/withdrawals. Singaporeans with multiple accounts should watch inactive ones, and they’ll be charged even if they actively trade on another account.
Deposit Fees
- No deposit fee if your deposit is $100 or more (in account currency).
- Smaller deposits may be charged a fee depending on the payment method.
Other Fees
VPS subscription fees from $25 – $80/month apply if you trade under a certain volume (typically 5 lots per month; anything above this, and VPS is free).
What are the typical spreads offered by HFM for major currency pairs?
On Cent and Premium accounts, HFM offers competitive spreads starting at 1.2 pips for key currency pairings.
Does HFM have any inactivity fees?
Yes, after 6 months of inactivity, HFM assesses inactivity fees on dormant accounts.
How to Deposit and Withdraw with HFM in Singapore
HFM supports a full range of deposit and withdrawal options, and unlike in some other countries, Singaporean traders can fund their accounts directly in SGD via local bank transfer.
| Method | Min Deposit | Deposit Time | Min Withdrawal | Withdrawal Time | Fees (Deposit / Withdrawal) |
| Local Bank Transfer (SGD) | 5,000 SGD | Instant | 40 USD | Up to 3 business days | None |
| Wire Transfer | Unlimited | 2–7 business days | 100 USD | 2–10 business days | Deposits are free if over $100, no withdrawal fees |
| Visa / Mastercard | 10,000 USD | Up to 10 minutes | 5 USD | 2–10 business days | None |
| Skrill | 10,000 USD | Up to 10 minutes | 5 USD | Instant | None |
| Neteller | 10,000 USD | Up to 10 minutes | 5 USD | Instant | None |
| Fasapay | 5,000 USD | Instant | 5 USD | Instant | None |
| Crypto | 10,000 USD | Instant | 10 USD | Up to 24 hours | None |
How to Deposit Funds via Local Bank Transfer (Singapore) to HFM
- Log in to your myHF Area on www.hfm.com.
- Click on “Deposit” and select Local Bank Transfer.
- Choose your trading account and currency (SGD).
- Enter the amount you wish to deposit (minimum 10 SGD).
- You’ll see HFM’s local bank account details, and you can make the transfer via your internet banking or mobile app.
- Take a screenshot or upload your payment confirmation.
- Return to the deposit screen and upload proof of transfer.
- Funds usually reflect within minutes.
How to Withdraw Funds with HFM
- Log in to your myHF Area.
- Click “Withdraw” from your account dashboard.
- Select your preferred withdrawal method.
- Enter your withdrawal amount (minimum applies per method).
- Submit the request and wait for processing (timeframes above).
- You’ll get an email once the funds are on their way.
What information must I provide for a bank transfer deposit with HFM?
Provide your bank account information and the amount you intend to deposit for a bank transfer with HFM.
How long do HFM Withdrawals take?
Withdrawal processing times at HFM vary depending on the payment type selected. While some methods, such as Skrill, may complete withdrawals in as little as 10 minutes, others, particularly bank wire transfers, might take up to 10 working days.
Singaporean traders should schedule their financial activity around these processing timeframes to ensure they can access their funds when needed.
Furthermore, it is also worth noting that while HFM does not charge fees for withdrawal requests, the chosen bank or payment processor may charge costs or have longer processing times.
HFM Education, Trading Tools, and Research
| Tool | Description | Purpose for Traders |
| 🧱 Courses for Every Level | Structured learning across Forex, CFDs, tools, and strategies from beginner concepts to advanced execution. | Helps Singaporeans diversify beyond blue-chip stock investing into leveraged instruments with proper risk education. |
| 🎥 Forex VOD Library | Pre-recorded videos on technical analysis, macroeconomic influences, and trading psychology. | Ideal for Singaporean traders juggling 9–6 jobs or NS commitments. You can study on your own time. |
| 📘 eBooks | Detailed guides on Forex, commodities, CFDs, and trading psychology, all downloadable and reusable. | Great for Singapore’s high-literacy audience who prefer deep reading over passive listening. |
| 🧠 Live Webinars | Weekly coaching sessions covering specific setups, strategies, and trade mistakes. | Useful for Singapore-based traders navigating Asian session volatility and balancing time zones. |
| 🌍 Regional Live Events | Live workshops and seminars hosted by HFM in selected regions, adjusted to the local market. | While not yet offered in Singapore, these are useful if travelling within Asia; local exposure possible via online events. |
| 🎙 Podcasts | Audio episodes focused on macro trends, strategy, and market sentiment. | Fits well with Singapore’s productivity culture. |
| ⚙️ HFM VPS Hosting | Secure, 24/7 server access to run EAs and automation even when offline. | Lets algo-focused Singaporeans automate trades without relying on home internet or local infrastructure. |
| 📊 Autochartist | Real-time pattern recognition that plugs into MT4/MT5, scans for setups 24/5. | Speeds up technical analysis for part-time traders in Singapore with limited screen time. |
| 🧠 Advanced Insights | AI-powered dashboard pulling live sentiment, volatility, and event triggers into one visual interface. | Excellent for Singaporean traders who value precision and data-backed strategy, especially in FX and indices. |
| 📡 Premium Trader Tools | Full FX Blue Labs tool suite: automation, risk tools, sentiment overlays, and custom trade terminals. | Supports Singapore’s analytical style of trading. Useful for multi-screen setups. |
| 📊 Indicators & Analytics | Renko, Fibonacci, multi-target calculators, and custom MT4/5 tools bundled in. | Perfect for Singaporeans managing risk across high-leverage products while staying numerically precise. |
| ⚙️ VPS Hosting (Beeks Financial Cloud) | Ultra-low latency VPS service: paid or free (with high trading volumes). | Great for Singapore traders running HFT or EA strategies who want execution close to liquidity hubs. |
| 🔍 Autochartist & Risk Tools | Includes Autochartist plus calculators for risk %, pip value, lot size, swaps, and more. | Singapore traders are often ROI-focused. This helps lock in logic over guesswork. |
| 📡 HFM Insights | Expert-written macro and technical reports on major markets and catalysts. | Keeps Singapore-based traders informed of global shifts affecting SGD, gold, oil, and regional equities. |
| 🔮 Market Forecasts & What’s Trending | Forward-looking posts with charting and commentary by in-house analysts. | Helps Singaporeans position around central bank cycles, especially MAS and US Fed actions. |
| 📅 Economic Calendar | Visual calendar showing upcoming data releases, colour-coded by impact. | Essential for Singapore-based traders trading the Asian session or reacting to early GDP/NFP prints. |
Can Singaporean traders access live webinars through HFM?
Yes, Singaporean traders can access and participate in HFM’s live webinars.
Does HFM provide real-time forex news updates?
Yes, through its partnership with FxStreet, HFM provides real-time forex news updates, keeping Singaporean traders aware of market movements.
HFM Bonuses
In Singapore, retail traders are already savvy with high-leverage products and international markets. However, what often seals the deal isn’t the platform, but the incentives. HFM’s bonus system rewards consistent trading, serious capital, and strategic deposits.
Supercharged Bonus 100%
Shield 500 Bonus
- HFM’s Shield 500 Bonus is a compelling promotional offer aimed at boosting trader confidence, especially for beginners.
- Introduced in August 2025, the promotion provides a tradable bonus of up to USD 500 on a trader’s first deposit.
- What’s particularly attractive is that, for the first 25 days, any trading losses are covered by the bonus, giving traders a safety net to trade more boldly and manage emotional stress during volatile market periods
- This initiative is complemented by HFM’s broad account offering, Cent, Zero, Pro, and Premium, each designed with features like zero commissions, swap-free conditions, high leverage, and rapid order execution to accommodate varying levels of trader experience.
Trade Gold – Drive Bold Contest for Retail Traders
Ideal for: Singaporean traders who already trade gold CFDs and want a crack at something bigger.
- Runs from 22 May to 22 August 2025.
- Prizes include a Mercedes C-Class, iPhones, and more.
- Earn contest points by trading XAUUSD and XAUEUR.
- Every 0.5 lots = 1 point. Profitable trades get 2 bonus points.
- You can redeem points for prize draw tickets.
Trade Gold – Drive Bold (Affiliates)
Ideal for: Singaporean affiliates who want more than referral fees — big-ticket prizes, too.
- Earn points by referring clients who actively trade gold.
- Points convert into raffle entries — 1 to 5 points per prize tier.
- Each referral = 3 points if they join the promo and trade.
- The grand prize is a 2025 Mercedes C-Class.
HFM Branded Merchandise
Ideal for: Singaporean traders active on the platform who want some gear that isn’t for sale.
- Merch includes branded caps, tees, notepads, pens, and stress balls.
- Items are awarded via loyalty programmes, contests, or performance.
Refer a Friend Bonus
Ideal for: Singaporean traders with trading mates they can vouch for.
- Earn up to $200 per referral, depending on volume.
- Referral must deposit $100 and trade qualifying lots.
- Round-turn trade must last at least 10 minutes.
- Referrals scale: $100 (1–10), $150 (11–25), $200 (26+).
Does HFM offer any welcome bonuses for new traders?
Yes, HFM provides new account members with welcome bonuses when they make their first deposit.
Are there any conditions attached to HFM’s bonus offers?
Yes, bonuses frequently come with trading volume or deposit limitations. Therefore, Singaporeans must read the terms and conditions before accepting a bonus.
Can Singaporeans Earn Through HFM’s Partner Program?
Yes, Singaporeans can earn through HFM’s Partner Program regardless of whether they’re an experienced introducer with a network of high-volume traders or a newer affiliate with a niche community. HFM gives everyone a partnership program to monetise referrals.
HFM Affiliate Programme
This is the primary referral engine for Singaporean partners who want commissions paid on every trade their clients make.
- Earn up to $30 per standard lot traded. Lower-tiered clients (e.g., copy traders) still pay $6 per lot.
- No limit on the number of referrals or how much you can earn.
- A multi-level system lets you earn from your sub-affiliates’ performance as well.
- Daily commission payouts, minimum withdrawal of $5.
RevShare+ Bonus Programme
This is for partners in Singapore who consistently onboard active traders and want to scale up monthly.
- Ideal for full-time partners and IBs managing dedicated client books.
- Earn up to $5,000 extra each month on top of your base affiliate commissions.
- Bonus tiers are based on three criteria: volume, deposits, and client activity.
What information is required to register for an HFM Affiliate Account?
HFM Affiliate Account registration requires personal information, contact information, and acceptance of the Affiliate Program’s terms and conditions.
Can I use my HFM trading account credentials to log into the Affiliate Program?
No, upon registration, you will obtain unique login credentials for the HFM Affiliate Program.
Contacting HFM Customer Support
| 👥Customer Support | 📌HFM Customer Support |
| 🕰️Operating Hours | 24/7 Customer Support |
| 🚩Support Languages | English, Chinese, Malay, Thai, and more. Singaporean traders get multilingual coverage. |
| 🗣️Live Chat | Available via the HFM portal and mobile app. |
| 💻Email Address | [email protected]. |
| ☎️Telephonic Support | No Singapore hotline, but global line available at +44-203 097 85 71. |
| 👔 Affiliate/Partner Support | Dedicated support via affiliate channels in the myHF portal. |
| 🧠 FAQ + Self-Service | Full knowledge base, guides, and video tutorials via portal. Good for platform help. |
| 💯The overall quality of HFM Support | Consistent, professional, fast, and helpful. |
Is HFM an Award-Winning Broker in Asia?
Yes, HFM has consistently earned regional recognition in Asia for its trading services, education, and reliability. Here are a few of HFM’s Asia-inclusive awards in recent years:
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2024 | Best Forex Broker MENA | ProFX Awards Dubai |
| 2022 | Best Forex Broker Award Asia | Global Business Review Awards |
| 2022 | Most Trusted Forex Broker Asia | Global Forex Awards |
| 2020 | Decade of Excellence Forex Brokerage Asia | Global Banking & Finance Review |
| 2020 | Best Trading Experience South East Asia | International Finance Awards |
| 2019 | Best Forex Broker Asia | International Business Magazine |
HFM CSR
HFM’s CSR in Asia focuses on healthcare, education, and community welfare. In Vietnam, they’ve funded heart surgeries for children with life-threatening conditions. In Thailand, they’ve supported children with disabilities through donations and engagement programmes.
Their efforts centre around direct support and long-term benefit, not vague initiatives. HFM also partners with global organisations like UNICEF and the Red Cross, with contributions targeted at child welfare and emergency response.
Final Thoughts: HFM Suitability for Singapore Traders
Overall, HFM’s suitability for Singapore traders depends on what matters most to you. MAS regulation isn’t part of the package, and local oversight and deposit protection don’t apply. This might be a dealbreaker for some traders.
However, for others, it might be a trade-off worth making for higher leverage, broader account choice, and global market access. HFM doesn’t limit you to one platform or trading style, and there’s no shortage of CFDs to trade.
SGD-based accounts aren’t available, and local deposit and withdrawal methods are limited, but you still get diversity, reliability, and the necessary trading tools and resources. HFM is an ideal option for Singaporeans, both beginners and professionals.
Is HFM Worth It? Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Wide range of account types to suit different trading styles | Not regulated by the Monetary Authority of Singapore (MAS) |
| HFM is a well-regulated and trusted broker for Singaporean traders | No SGD-denominated trading accounts |
| There are commission-free trading accounts offered | HFM has limited payment methods for deposits and withdrawals |
| Singaporeans can register a Top-Bonus Account to benefit from deposit bonuses | There are no local Singaporean CFDs offered |
| There is an unlimited demo account available to Singaporeans | There is no 24/7 customer support available |
| HFM offers flexible account types with competitive trading conditions across markets | HFM is not regulated in Singapore |
HFM Review Detailed Summary
Broker HFM 🏦Headquartered Cyprus 🌎Global Offices Seychelles, South Africa, Dubai, UK, Kenya 📌Local Market Regulators in Singapore Monetary Authority of Singapore (MAS) ➡️Foreign Direct Investment in Singapore 195 billion USD (2022) 💴Foreign Exchange Reserves in Singapore 461.1 billion SGD (November 2023) 🏠Local office in Singapore? None 👤Governor of SEC in Singapore None, the chairman of the MAS is Lawrence Wong 🔍Accepts Singapore Traders? Yes 🔢Year Founded 2010 ☎️Singapore Office Contact Number None 📱Social Media Platforms Facebook
X
Telegram
Instagram
YouTube
LinkedIn📈Regulation FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 🥉Tier-1 Licenses Financial Conduct Authority (FCA) 🥈Tier-2 Licenses Financial Sector Conduct Authority (FSCA)
Cyprus Securities and Exchange Commission (CySEC)
Capital Markets Authority (CMA)
Dubai Financial Services Authority (DFSA)🥇Tier-3 Licenses Financial Services Authority (FSA)
Financial Services Commission (FSC)🔢License Number Singapore – FSP 46632
Cyprus – 183/12
Dubai – F004885
Seychelles – SD015
United Kingdom – 801701
Mauritius – 094286/GBL
Kenya – CMA license 155🌎Global Registrations France ACPR – 53684
Germany BaFin – 132342
Hungary MNB – K8761153
Italy CONSOB– 3673
Norway – FT00080085
Spain CNMV – 3427
Sweden FI – 31987
Austria FMA
Bulgaria FSC
Croatia HANFA
Czech Republic CNB
Denmark Finanstilsynet
Estonia FSA
Finland FSA
Greece HCMC
Iceland FME
Central Bank of Ireland
Latvia FKTK
Liechtenstein FMA
Lithuania Lietuvos Bankas
Luxembourg CSSF
Malta MFSA
Netherlands AFM
Poland KNF
Portugal CMVM
Romania ASF
Slovakia NBS
Slovenia ATVP✏️MAS Regulation None ❌Regional Restrictions The United States, Canada, Sudan, North Korea, and Syria ☪️Islamic Account Yes 🗂️Demo Account Yes ⌛Non-expiring Demo Yes ⌚Demo Duration Unlimited 📌Retail Investor Accounts 5 ↘️ PAMM Accounts Yes 🛎️Liquidity Providers Barclays UK, BNP Paribas, and others 🤝Affiliate Program Yes 🧑⚖️Order Execution Market ✴️OCO Orders None 💻One-Click Trading Yes ⚙️Scalping Yes 🌟Hedging Yes 🗣️Expert Advisors Yes 📰News Trading Yes 🚩Trading API Yes 📝Starting spread 0.0 pips 💷Minimum Commission per Trade From $6 per round turn on Forex 💶Decimal Pricing 5th Decimal after the comma 💡Margin Call Between 40% to 50% 🛑Stop-Out Between 10% and 20% ⬇️Minimum Trade Size 0.01 lots ⬆️Maximum Trade Size 60 lots 🫰🏻 Crypto trading offered? Yes 🫴🏻 Offers an SGD Account? None 👤Dedicated Singaporean Account Manager? None ⬆️Maximum Leverage 1:2000 ❌Leverage Restrictions for Singaporeans? None 💵Minimum Deposit (SGD) 0 SGD ($0) 💷Deposit Currencies USD, AED, EUR, GBP, CHF, JPY, NZD, CAD, ZAR, and more. ☑️SGD Deposits Allowed? Yes 💰Account Base Currency EUR, USD, NGN, ZAR 📊Active Singaporean Trader Stats 50,000+ 👩👧👧Active Singapore-based HFM customers Unknown 📖Singapore Daily Forex Turnover 1.2 million SGD 💳Deposit and Withdrawal Options Bank Wire Transfer
Electronic Transfer
Credit Card
Debit Card
Skrill⏰Minimum Withdrawal Time 10 Minutes ⌚Maximum Estimated Withdrawal Time 10 business days 📌Instant Deposits and Instant Withdrawals? None 🗂️Segregated Accounts with Singaporean Banks? None 📊Trading Platforms MetaTrader 4
MetaTrader 5
HF App⏱️Trading Platform Time UTC +02h00 🧐Observe DST Change Yes 🕰️DST Change Time zone Eastern European Time (EET) 💍Tradable Assets Forex
Precious Metals
Energies
Indices
Shares
DMA Stocks (MT5 Only)
Commodities
Cryptocurrencies
Bonds
ETFs🫴🏻 Offers USD/SGD currency pair? Yes ✏️USD/SGD Average Spread 0.8 pips 🫰🏻 Offers Singapore Stocks and CFDs None 👉Languages supported on the Website English, Portuguese, Spanish 🗣️Customer Support Languages Multilingual 📲Copy Trading Support Yes 🕰️Customer Service Hours 24/5 👩👧👧Singapore-based customer support? None 🎁Bonuses and Promotions for Singaporean Traders Yes 🎓Education for Singaporean beginners Yes 💻Proprietary trading software Yes 🌟Most Successful Trader in Singapore Chew Wei Xiang (±$70 million assets under management) ✔️Is HFM a safe broker for Singaporean Traders? Yes 🔢Rating for HFM Singapore 9/10 💯Trust score for HFM Singapore 85% 📝Sign up Open Account
Frequently Asked Questions
Is HFM regulated in Singapore?
No. HFM is not licensed by the Monetary Authority of Singapore (MAS). Singaporean traders are onboarded via offshore entities like Mauritius or Seychelles.
Can Singapore residents trade with HFM legally?
Yes, they can. There aren’t any restrictions that prevent Singapore-based individuals from opening an HFM account through its international branches.
Does HFM offer SGD trading accounts?
No. SGD is not available as a base currency. Most accounts are opened in USD, EUR, or other major currencies.
Does HFM offer copy trading in Singapore?
Yes. HFcopy is available and works with Cent, Premium, and Pro accounts.
What’s the minimum deposit to open an account in Singapore?
Most accounts have no minimum deposit requirement. The Pro and Pro Plus accounts require $100 and $250, respectively.
What is the maximum leverage offered to Singaporean HFM clients?
Up to 1:2000, depending on account type. This is significantly higher than what MAS-regulated brokers typically offer.
Which HFM account types are available in Singapore?
All core accounts: Cent, Premium, Pro, Pro Plus, Zero, and the Top-Up Bonus account are available without restrictions.
How can Singaporeans deposit funds into HFM?
Deposit methods include credit/debit cards, bank wire transfers, Skrill, Neteller, Fasapay, and crypto. Local SGD deposits are supported via bank transfer.
What is the minimum deposit amount via bank transfer in Singapore?
10 SGD for local deposits.
Can Singapore traders open swap-free (Islamic) accounts with HFM?
Yes. Islamic accounts are available upon request and can be applied to most live account types.
Is a VPS included for Singapore clients?
Yes, but it’s free only if you meet the monthly trading volume requirements. Otherwise, fees range from $25–$80/month.
Are inactivity fees charged for dormant accounts in Singapore?
Yes. $5/ 5/month after 6 months, $10/month after 12 months, and $20/month after 24 months. Accounts may be archived after 36 months.
Does HFM offer education for new traders in Singapore?
Yes. Educational tools include courses, webinars, eBooks, videos, and platform tutorials.
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