HF Markets is one of the best brokers in the world right now in 2025. It has 5 main account types. So how do you know which one is best for what? In this article, you will learn the differences between all HFM account types in Nigeria.
In this guide, we’ll break down all HFM account types, from the Cent Account for newcomers to the Pro Plus Account and Premium Account for advanced traders.
We’ll explain each one in simple, easy-to-understand terms, giving you a clear picture of what each account offers, how much you can start with, the trading fees, and more.
By the end of this post, you’ll be equipped with all the knowledge you need to make the right decision and start trading with confidence.
Traders all over the world are currently recommending HF Markets (HFM). It is one of the best Forex brokers for beginners and even advanced traders at the moment because of its user-friendly interface, and ability to trade forex, crypto, commodities, stocks, indices, etc.
What is HFM (HF Markets) and How Does It Work in Nigeria?
HFM (HF Markets) is a global online trading platform that allows you to trade various financial instruments like Forex, stocks, commodities, indices, and even cryptocurrencies. HFM connects traders with the financial markets through their trading platforms, making it easier to buy and sell assets from around the world.
In Nigeria, HFM offers a great opportunity for both beginners and experienced traders. The broker is known for its low spreads, high leverage, and a variety of account types, which suit different trading needs.
Overview of HF Markets Account Types Available in Nigeria
HF Markets (HFM) offers different account types to suit various trading needs. Each account type has specific features, benefits, and requirements.
1. HFM Cent Account in Nigeria
The HFM Cent Account is ideal for beginners who want to practice trading without risking much money. It’s a great way to get familiar with the market, test strategies, and learn how trading works.
Here’s what you can expect from this account:
- Minimum Deposit: $0 (you can start with as little as $0, which is great if you’re just starting out).
- Trading Instruments: You can trade Forex and Gold on this account, which covers some of the most popular trading instruments.
- Leverage: 1:2000 leverage means you can control a larger position with a smaller deposit, giving you more flexibility.
- Contract Size: The contract size is 1,000 units per lot. This means you’re trading smaller amounts compared to other account types, which is good for beginners to avoid large risks.
- Spreads: Starting from 1.2 pips. This is the difference between the buy and sell price and can affect your trading costs.
- Trade Size: You can start trading with just 0.01 lot, which means small transactions and low risk.
- Swap-Free: The Cent Account is also available as a swap-free account, meaning you don’t pay interest overnight on your trades, which is great for traders who don’t want to deal with overnight fees.
- Personal Account Manager: Yes, you get support from a personal account manager to help you get started with your trading journey.
2. HFM Zero Account in Nigeria
The HFM Zero Account is for traders who want to trade with zero spread (or close to zero) on selected instruments like Forex and Gold. This account is ideal for more active traders who are looking for lower trading costs through zero spreads, but keep in mind that a small commission is charged on each trade.
Here’s how it works:
- Minimum Deposit: You can start with $0 or ₦0, making it accessible for anyone.
- Trading Instruments: Available for all instruments offered by HFM, so you can trade major, minor, and exotic currency pairs, as well as commodities.
- Spreads: From 0 pips on Forex and Gold, meaning you’re not paying a spread cost, which can improve your trading profits.
- Leverage: Leverage of 1:2000, which allows you to control more with less capital.
- Trade Size: The minimum trade size is 0.01 lot, and you can scale up as needed.
- Commission: You’ll pay a small commission on Forex trades, but the zero spread can offset this cost.
- Swap-Free: The Zero Account also offers a swap-free option for those who prefer not to pay overnight interest.
- Personal Account Manager: Yes, you’ll have a personal account manager to guide you through your trading experience.
3. HFM Pro Account in Nigeria
The HFM Pro Account is designed for traders who are looking for more advanced features and better conditions for active trading. This account is also ideal if you are a beginner who is ready to trade more actively with better trading conditions, but still want to keep your risk at a manageable level.
Here’s what the Pro Account offers:
- Minimum Deposit: You’ll need a $100 or ₦50,000 deposit to open this account.
- Trading Instruments: Access to all the instruments available at HFM, including Forex, commodities, and indices.
- Spreads: From 0.5 pips, which is tighter than what you’d find on other accounts, reducing your trading costs.
- Leverage: A maximum leverage of 1:2000 means you can trade larger positions with a smaller initial investment.
- Trade Size: You can start with 0.01 lot and scale up to larger sizes based on your trading strategy.
- Swap-Free: The Pro Account can be set up as a swap-free account, perfect for traders who prefer not to pay or receive interest on overnight positions.
- Personal Account Manager: A dedicated account manager will assist you, making this account type more suitable for traders who may need additional support.
4. HFM Pro Plus Account in Nigeria
The HFM Pro Plus Account offers even more advanced trading features compared to the standard Pro Account, making it suitable for professional traders. If you’re a serious trader looking for lower costs with tighter spreads and better service, the Pro Plus account is designed for you.
Here’s what you need to know:
- Minimum Deposit: The minimum deposit for the Pro Plus Account is $250 or ₦200,000.
- Trading Instruments: Access to all available instruments in HFM’s offering, including Forex, commodities, indices, and more.
- Spreads: From 0.2 pips, tighter spreads lead to lower trading costs and higher potential profitability.
- Leverage: Maximum leverage of 1:2000, which provides the flexibility to take larger positions.
- Trade Size: The minimum trade size is 0.01 lot, allowing you to control your risk more effectively.
- Swap-Free: Available as a swap-free account, so you won’t incur overnight interest fees.
- Personal Account Manager: You’ll have a dedicated account manager to help you navigate the markets.
Also Read
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5. HFM Premium Account in Nigeria
The HFM Premium Account is best for traders who want the flexibility to trade various instruments without worrying about high deposit requirements, and who are looking for competitive spreads and top-tier service.
Here’s what this account offers:
- Minimum Deposit: The Premium Account requires a $0 deposit or ₦0, so it’s great for traders who want to start without a huge upfront investment.
- Trading Instruments: You’ll have access to all of HFM’s instruments, including Forex, stocks, indices, commodities, and more.
- Spreads: Spreads start from 1.2 pips.
- Leverage: The account supports 1:2000 leverage, which gives you more control over larger positions.
- Trade Size: The minimum trade size is 0.01 lot, which is the smallest size you can trade with.
- Swap-Free: It can be a swap-free account, meaning no overnight interest payments or charges.
- Personal Account Manager: Like other premium services, this account comes with a personal account manager to assist you throughout your trading journey.
1. HFM Cent Account in Nigeria
The HFM Cent Account is an excellent choice for beginners looking to get started in Forex trading without committing large amounts of capital. With its lower risk and easy access to trading, this account type is designed to help new traders learn and practice in real market conditions.
Let’s break down the details and see how this account works in real-life trading scenarios.
Trading Platforms Available for HFM Cent Account in Nigeria
The HFM Cent Account is available on multiple platforms, making it convenient for traders to access their accounts from different devices:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader (accessible via a browser)
- HFM Mobile Trading (for Android and iOS)
- HFM Platform (the official platform by HF Markets)
These platforms are popular and easy to use, so you can trade anywhere, whether you’re at home or on the go.
Spread Type and Cost
One of the key features of the HFM Cent Account is the variable spread. This means the spread (the difference between the buying and selling price of an asset) changes based on market conditions. Typically, you will see spreads from 1.2 pips.
In real-world terms, if you’re trading a currency pair like the EUR/USD, the difference between the buy and sell price might start at 1.2 pips. Lower spreads mean lower trading costs, which is important for beginners since you don’t want to lose too much money on each trade.
Account Currency
In the HFM Cent Account, the currency used for trading is USD Cent (USC). For example, if you deposit $10 in your account, you will have 1,000 USC to trade with. This is because each cent represents one-hundredth of a dollar.
This smaller denomination helps reduce the overall risk, as you’re trading smaller amounts of money compared to other account types.
Contract Size
For the HFM Cent Account, the contract size is 1 lot = 1,000 units of the base currency. This means when you trade, each lot is worth 1,000 units of the currency you’re trading. This is smaller than the standard contract size (which is 100,000 units), allowing you to take smaller positions and manage your risk better.
Minimum Deposit for the HFM Cent Account in Nigeria
The minimum deposit for opening an HFM Cent Account is $0, which means you can start trading without having to make a large initial deposit. This makes it ideal for beginners or those with limited funds who want to test out trading with minimal risk.
Minimum Trade Size and Leverage
The minimum trade size for the HFM Cent Account is 0.01 lots, which is the smallest possible position you can take. This is ideal for beginners because it allows you to start trading with very small amounts of money and learn the ropes without risking a lot of capital.
Additionally, the maximum leverage is 1:2000, which means you can control a much larger position with a small deposit. For instance, with a $1 deposit, you could control a $2,000 position. However, leverage also increases the risk, so it’s important to use it cautiously.
Trade Size Increment and Maximum Trade Size
The HFM Cent Account allows you to trade in increments of 0.01 lots, meaning you can adjust your position size precisely. The maximum total trade size you can hold on a single position is 200 Cent lots per position, or up to 1,000 Cent lots in total for your account. This gives you plenty of flexibility for scaling your trades as you grow more experienced.
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Simultaneous Open Orders
With the HFM Cent Account, you can open up to 150 simultaneous orders. This is useful if you want to trade multiple currency pairs or set different stop-loss levels without closing your current positions. More orders mean you can diversify your strategy and trade multiple setups at once.
Margin Call and Stop-Out Levels
For the HFM Cent Account, the margin call is triggered at 50%. This means if your equity falls to 50% of your required margin, you’ll get a notification to add funds to your account. The stop-out level is set at 20%, which means your positions will be automatically closed if your equity falls to 20% of the margin required to maintain your open positions.
This helps to limit your losses and prevent your account from going into a negative balance, ensuring you’re protected from the worst-case scenarios.
Market Execution and Personal Account Manager
When you place an order, the HFM Cent Account uses market execution, which means your orders are processed instantly at the best available market price. This ensures you’re not stuck with slippage, which can be frustrating during volatile market conditions.
Additionally, the HFM Cent Account comes with a personal account manager. This is a dedicated support agent who will assist you with any questions or issues you encounter while trading. They can also offer personalized trading tips, which is especially useful for new traders.
Commission and Swap-Free Option
There are no commissions for Forex pairs on the HFM Cent Account, so you only pay the spread. This makes it easier to calculate your costs upfront without worrying about additional fees.
You also have the option to open a swap-free account. This means you won’t pay or receive overnight interest on your positions, making it ideal for traders who follow a long-term strategy or are trading in a Muslim-friendly environment.
HFM Cent Account in Real-Life Trading
In real-life trading scenarios, the HFM Cent Account is a great way to practice trading strategies with real market conditions. You can start with a small deposit and take low-risk positions while learning how to manage trades, use stop-loss and take-profit orders, and develop a trading strategy.
The low minimum deposit and small contract size make it easy to control your risk, and the high leverage gives you more flexibility to make larger trades with a small amount of capital.
2. HFM Zero Account in Nigeria
The HFM Zero Account is designed for traders who want to take advantage of ultra-low spreads and trade with the most competitive conditions possible. It’s particularly attractive for traders who focus on high-frequency trading or scalping, where even small differences in price can make a big impact on profitability.
Let’s take a closer look at what this HFM account type offers and how it can benefit you as a trader in Nigeria.
Trading Platforms for HFM Zero Account in Nigeria
The HFM Zero Account is available on a range of popular trading platforms, so you can access it no matter where you are or what device you’re using. These platforms include:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader (for browser-based trading)
- Mobile Trading (for iOS and Android)
- HFM Platform (HF Markets’ proprietary platform)
These platforms are well-suited for both beginners and experienced traders. With MetaTrader 4 and MetaTrader 5, you’ll have access to a wide range of trading tools, charts, and indicators to help you make informed decisions.
Spread Type and Spreads in the HFM Zero Account
One of the standout features of the HFM Zero Account is its spread type. It offers variable spreads, which means the spread changes depending on market conditions. The key advantage here is that the spreads start from 0 for both Forex and Gold.
In real trading terms, this means you’re paying almost nothing in spread costs when entering or exiting a trade. This is perfect for scalpers (traders who make small profits by quickly opening and closing trades) or anyone looking to avoid high costs in their trading strategy.
Account Currency
For the HFM Zero Account, you can choose between USD or NGN as your account currency. This flexibility means that Nigerian traders can trade in their local currency (NGN), which helps eliminate the need for conversion fees if you are depositing in Naira.
Contract Size and Trading Instruments
The contract size in the HFM Zero Account is 1 lot = 100,000 units. This is the standard contract size in Forex trading, meaning that when you open one standard lot position, you’re trading 100,000 units of the base currency.
You can trade all the available instruments with the HFM Zero Account, including Forex pairs, Gold, indices, and more. With such a wide selection, you have the flexibility to diversify your trades and explore different markets to maximize your potential for profit.
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Minimum Deposit and Minimum Trade Size
For the HFM Zero Account in Nigeria, the minimum deposit required is $0 (or ₦0 for Nigerian traders). This means you can open your account without needing to make a big upfront payment, which is especially helpful if you are just starting out.
The minimum trade size is 0.01 lot, which is equivalent to 1,000 units of the base currency. This allows you to start trading with small amounts and gradually scale your trades as you become more experienced.
Leverage and Trade Size Increment
The HFM Zero Account offers a maximum leverage of 1:2000. This means you can control a larger position than your initial deposit. For example, with just $1, you can control $2,000 worth of currency. However, while high leverage increases your potential returns, it also increases risk, so it’s essential to use it wisely.
The trade size increment is set at 0.01 lot. This means that you can adjust your position size in very small increments, which is helpful if you want to make minor adjustments to your trade without changing your overall strategy.
Maximum Total Trade Size and Simultaneous Orders
For the HFM Zero Account, the maximum total trade size per position is 60 standard lots (which equals 6 million units). This allows traders to open large positions if their strategy requires it.
Additionally, you can have up to 500 simultaneous open orders, which is a significant number for active traders. This means you can run multiple strategies, monitor various currency pairs, and execute trades across different markets without running into limitations.
Margin Call and Stop-Out Levels
The margin call level for the HFM Zero Account is set at 50%, meaning that if your equity falls to 50% of the margin requirement, you will receive a warning to add more funds to your account.
If the equity falls further and reaches 20% of the required margin, the stop-out level is triggered, and your positions will be automatically closed to protect your account from negative balance. This is a safety feature that prevents your account from going into debt.
Market Execution and Personal Account Manager
With the HFM Zero Account, you get market execution, which means your orders are processed immediately at the best available price in the market. This is crucial for trading quickly in fast-moving markets, ensuring you don’t miss out on profitable opportunities.
Additionally, you have access to a personal account manager who can guide you through any questions or issues you face while trading. This personalized service is beneficial, especially if you’re new to trading and need some extra help along the way.
Commissions and Swap-Free Option
One of the key features of the HFM Zero Account is that it charges a commission for Forex pairs. This means that while the spread is ultra-low, you will pay a small fee for each trade you execute, which is typical for accounts offering zero spreads.
You also have the option to make your HFM Zero Account swap-free. This is ideal if you’re trading for the long term and want to avoid paying or receiving overnight interest on your positions, especially if you’re in a Muslim-friendly environment.
Real-Life Trading with HFM Zero Account
In real-life scenarios, the HFM Zero Account is best suited for traders who make frequent trades and focus on precision.
For example, if you’re a scalper who opens and closes many trades within a short time, the near-zero spreads on this account will save you significant money on each trade. Similarly, day traders can benefit from the low spread when making multiple trades during a single day.
The high leverage of 1:2000 gives you the power to control larger positions with a smaller deposit, but this comes with the need for careful risk management. If you’re experienced enough to manage the risk, this account type can offer a lot of flexibility and potential profits.
3. HFM Pro Account in Nigeria
The HFM Pro Account is designed for traders who are looking for competitive spreads and higher trading flexibility. It’s one of the most popular HFM account types because it offers solid trading conditions, including access to low spreads and a wide range of instruments. This account is ideal for active traders who want to take advantage of fast market movements while managing their risks effectively.
Let’s break down everything you need to know about the HFM Pro Account in Nigeria and how it works in real-life trading scenarios.
Trading Platforms for HFM Pro Account in Nigeria
The HFM Pro Account is available on a variety of trading platforms, giving you plenty of options for accessing your trades:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader (for browser-based trading)
- Mobile Trading (iOS and Android apps)
- HFM Platform (HF Markets’ proprietary platform)
Whether you’re a beginner or an experienced trader, these platforms are easy to use and offer everything you need to trade efficiently. MT4 and MT5 are some of the most popular platforms used by traders worldwide, providing robust tools for technical analysis, charting, and executing trades.
Spread Type and Spreads in the HFM Pro Account
The spread type for the HFM Pro Account is variable, which means it can change based on market conditions. The spreads start from 0.6 pips. This is a relatively low spread compared to many other account types, which means you’ll pay a smaller cost when opening and closing trades.
In real-life trading, the lower spread helps you reduce trading costs, especially if you are making frequent trades, which is common for day traders or swing traders. It’s especially beneficial when trading Forex pairs, as smaller spreads mean that you can enter and exit the market at a more favorable price.
Account Currency Options
For Nigerian traders, the HFM Pro Account offers two currency options: USD and NGN. This means you can deposit and trade using Nigerian Naira (₦) without worrying about exchange rate conversion fees.
Contract Size and Trading Instruments
The contract size for the HFM Pro Account is 1 lot = 100,000 units. This is the standard contract size used in the Forex market. In simple terms, when you open a trade with 1 standard lot, you are controlling 100,000 units of the base currency.
With this account, you can trade all the available instruments that HFM offers, including:
- Forex Pairs (e.g., EUR/USD, GBP/USD, etc.)
- Commodities like Gold and Oil
- Indices (e.g., S&P 500, NASDAQ)
- Cryptocurrency pairs
This wide range of instruments gives you plenty of flexibility in your trading strategy.
Minimum Deposit and Minimum Trade Size
The minimum deposit required to open the HFM Pro Account is $100 or ₦50,000. This is a relatively low deposit compared to many other brokers, making it more accessible for new traders in Nigeria who want to start trading without a large upfront investment.
The minimum trade size is 0.01 lot, which is equivalent to 1,000 units of the base currency. This smaller minimum trade size means you can start trading with lower risk, as you can control a smaller position when you begin.
Leverage and Trade Size Increment
With the HFM Pro Account, you can use leverage of up to 1:2000. Leverage allows you to control a larger position with a smaller amount of capital. For example, if you have $100, you can trade up to $200,000 with a leverage of 1:2000. While leverage increases your potential profit, it also amplifies your risk, so it’s important to use it wisely.
The trade size increment is 0.01 lot, meaning you can increase or decrease your position size in small increments. This gives you flexibility in managing your trades and controlling your risk effectively.
Maximum Total Trade Size and Simultaneous Orders
The maximum total trade size per position in the HFM Pro Account is 60 standard lots. This means you can open a very large position if needed. For example, 60 standard lots equals 6 million units of the base currency.
In addition, you can have up to 500 simultaneous open orders, which is ideal for active traders who like to diversify their trades across multiple positions and markets. This feature is great if you’re using multiple trading strategies at the same time.
Margin Call and Stop-Out Level
The margin call for the HFM Pro Account occurs when your equity reaches 50% of the margin requirement. At this point, you’ll be notified to add more funds to your account to avoid a potential loss.
If the equity falls to 20% of the required margin, the stop-out level is triggered, meaning that your positions will be automatically closed to prevent further losses. This automatic shutdown helps protect your account from going into negative territory.
Market Execution and Personal Account Manager
The HFM Pro Account offers market execution, which means your orders are executed instantly at the best available price. This is crucial for traders who want to enter and exit the market quickly, particularly during fast-moving market conditions.
Additionally, the HFM Pro Account gives you access to a personal account manager. This person is there to help you with any issues or questions you have regarding your account or trading strategy. Whether you’re new to trading or an experienced trader, having someone to guide you can be very helpful.
Commission and Swap-Free Option
The HFM Pro Account does not charge any commission on Forex pairs. This means you only pay for the spread when you trade, which helps keep your costs lower compared to commission-based accounts.
You can also choose to make your HFM Pro Account swap-free. This is especially useful for traders who want to avoid overnight interest charges or those who follow Islamic finance principles and prefer not to pay or receive interest.
Real-Life Trading with the HFM Pro Account
In a real-life trading scenario, the HFM Pro Account is ideal for traders who want to manage their risk while still having the flexibility to open larger positions. If you’re a day trader or swing trader who looks to capitalize on short-term market movements, the low spreads and high leverage will help you maximize your potential profits.
For example, let’s say you deposit ₦50,000 and use 1:2000 leverage. You could open a trade position worth much more than your initial deposit. The 0.6 pips spread will minimize the cost of entering and exiting trades, making it easier to earn profits on small price movements.
4. HFM Pro Plus Account in Nigeria
The HFM Pro Plus Account is an advanced HFM account type designed for experienced traders who want tighter spreads, higher leverage, and greater flexibility in managing their trades. It’s perfect for those who are serious about their trading and want to maximize their profits by getting better trading conditions.
In this section, we’ll explain everything you need to know about the HFM Pro Plus Account in Nigeria, and how it works for real-life trading.
Trading Platforms for HFM Pro Plus Account in Nigeria
Just like other HFM account types, the Pro Plus Account is available on popular trading platforms. These platforms are known for being easy to use and providing advanced features to traders:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader (browser-based)
- Mobile Trading (iOS and Android apps)
- HFM Platform (HF Markets’ own platform)
These platforms are equipped with everything you need, from advanced charting tools to fast trade execution, making it easy to manage your trades wherever you are.
Spread Type and Spreads in the HFM Pro Plus Account
The spread type for the HFM Pro Plus Account is variable, meaning that the spread (the difference between the buying and selling price) changes with market conditions. The spreads start from as low as 0.2 pips, which is very tight compared to many other accounts.
In real-life trading, this low spread means that you pay less to open and close your trades, which can be especially important if you’re a day trader or someone who executes many trades in a short amount of time. The tight spread makes it easier to take advantage of small price movements and increase your profitability.
Account Currency Options
The HFM Pro Plus Account is available in two currencies: USD and NGN. For Nigerian traders, you can open your account in Naira (₦), which avoids the hassle of converting currencies every time you deposit or withdraw funds.
Contract Size and Trading Instruments
The contract size for the HFM Pro Plus Account is the standard 1 lot = 100,000 units of the base currency. This means you’re trading a large amount of currency whenever you open a position.
You can trade all available instruments with this account type, including:
- Forex Pairs (like EUR/USD, GBP/JPY, etc.)
- Precious Metals (such as Gold and Silver)
- Commodities (such as Oil)
- Indices (like the S&P 500)
- Cryptocurrency pairs
This gives you plenty of options to diversify your trading and develop strategies across different markets.
Minimum Deposit and Minimum Trade Size
To open the HFM Pro Plus Account, the minimum deposit is $250 or ₦200,000. This is higher than some other accounts, but it reflects the advanced features of this account type. The higher deposit requirement is suitable for more experienced traders who are serious about committing to their trades.
The minimum trade size is 0.01 lot, which is equivalent to 1,000 units of the base currency. This smaller position size allows you to start trading with less risk, especially when experimenting with different strategies.
Leverage and Trade Size Increment
With the HFM Pro Plus Account, you can use leverage of up to 1:2000. Leverage lets you control a larger position in the market with a smaller amount of capital. For example, if you deposit ₦200,000, you can open a position worth up to ₦400,000,000. While leverage can increase your potential profits, it also increases risk, so it’s important to use it carefully.
The trade size increment is 0.01 lot, allowing you to adjust your position size in small steps. This flexibility helps you manage your trades with more precision, especially when using advanced trading strategies.
Maximum Total Trade Size and Simultaneous Orders
The maximum total trade size per position in the HFM Pro Plus Account is 60 standard lots, which is equivalent to 6 million units of the base currency. This large position size gives you more control over larger trades, making it ideal for professional traders or those managing multiple positions at once.
You can also have up to 500 simultaneous open orders, which is useful if you’re trading multiple strategies or different instruments at the same time. This feature is perfect for traders who like to diversify and manage different positions across multiple markets.
Margin Call and Stop-Out Level
In the HFM Pro Plus Account, the margin call occurs when your equity falls to 50% of the margin requirement. At this point, you will receive a warning to add more funds to your account to avoid a potential stop-out.
The stop-out level for this account is 20%, which means your positions will automatically be closed to prevent further losses if your equity drops too low. This helps protect your account from going into negative balance territory, which is crucial for risk management.
Market Execution and Personal Account Manager
The HFM Pro Plus Account offers market execution, meaning your trades are executed at the best available price in real time. This is especially important for traders who need fast execution to take advantage of market movements.
Along with this, you also get a personal account manager who will help you with any questions or issues related to your trading account. They can assist with anything from technical support to advice on strategies, helping you improve your trading experience.
Commission and Swap-Free Option
The HFM Pro Plus Account does not charge any commission on Forex pairs, so you only pay for the spread when you trade. This helps keep trading costs low, especially if you’re making a lot of trades.
The swap-free option is available if you don’t want to pay or receive interest on your trades, making the HFM Pro Plus Account ideal for traders who follow Islamic finance principles.
Real-Life Trading with the HFM Pro Plus Account
The HFM Pro Plus Account is perfect for advanced traders who need low spreads, high leverage, and the ability to trade large positions. If you’re a scalper, day trader, or swing trader, you can benefit from the tight spreads and high leverage to take advantage of small price movements and maximize your profits.
For example, let’s say you have ₦200,000 in your account and you want to trade EUR/USD with a 0.2 pip spread. You can use 1:2000 leverage to open a position worth millions of Naira, giving you more potential profit from even a small move in the market.
5. HFM Premium Account in Nigeria
The HFM Premium Account is a fantastic choice for traders in Nigeria who want access to advanced features and tools, while still enjoying low-cost trading. Whether you’re just starting or looking to take your trading to the next level, this account type gives you the flexibility to trade with various instruments in a professional environment.
Let’s break down everything you need to know about the HFM Premium Account and how it works for traders in Nigeria.
Trading Platforms for HFM Premium Account in Nigeria
The HFM Premium Account is available on multiple platforms, giving you the flexibility to trade from anywhere:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- WebTrader (access through your web browser)
- Mobile Trading (apps for iOS and Android)
- HFM Platform (HF Markets’ own trading platform)
These platforms are all designed for easy use, offering a range of tools for advanced charting, technical analysis, and fast trade execution. Whether you prefer trading on your laptop, mobile device, or directly through your web browser, you’ll have everything you need at your fingertips.
Spread Type and Spreads in the HFM Premium Account
The spread on the HFM Premium Account is variable, meaning it changes depending on market conditions. The spreads start at 1.2 pips, which is a competitive rate for a premium account.
In real-life trading, this means that the spread (the difference between the buying and selling price of a currency pair) will adjust with the market. The tighter the spread, the less you have to pay to enter or exit a trade. As a trader in Nigeria, having a tight spread like this can help you save money, especially if you’re making several trades per day.
Account Currency Options
The HFM Premium Account offers two currency options for Nigerian traders:
- USD (U.S. Dollars)
- NGN (Nigerian Naira)
If you’re based in Nigeria, choosing the NGN option allows you to trade without worrying about currency conversions, which can save you on conversion fees. This also makes it easier to manage your deposits and withdrawals in your local currency.
Contract Size and Trading Instruments
In the HFM Premium Account, the contract size is 1 lot = 100,000 units of the base currency. This is the standard size for most forex traders and gives you the ability to trade large amounts of currency.
With the HFM Premium Account, you can trade all available instruments such as:
- Forex Pairs (like EUR/USD, GBP/JPY)
- Precious Metals (such as Gold and Silver)
- Indices (like the S&P 500)
- Commodities (such as Oil)
- Cryptocurrencies
This wide range of instruments allows you to diversify your trades and take advantage of different market conditions.
Minimum Deposit and Minimum Trade Size
The minimum deposit for the HFM Premium Account is $0 or ₦0. This means you can open an account with zero initial deposit. However, keep in mind that it’s often recommended to deposit some funds to start trading with sufficient margin.
The minimum trade size is 0.01 lot, which means you can start trading with just 1,000 units of the base currency. This allows you to manage your risk effectively, even when starting with a small deposit.
Leverage and Trade Size Increment
The HFM Premium Account offers a maximum leverage of 1:2000. This means you can control a large position in the market with a relatively small deposit. For instance, with ₦200,000 in your account, you can trade up to ₦400,000,000 worth of currency. Leverage increases both the potential profit and risk of your trades, so it’s important to use it wisely.
The trade size increment is 0.01 lot, which gives you flexibility in adjusting your position size. This small increment is perfect for traders who want to fine-tune their positions and avoid too much exposure on any single trade.
Maximum Total Trade Size and Simultaneous Orders
The HFM Premium Account allows you to have a maximum total trade size of 60 standard lots per position, or 6 million units of the base currency. This is ideal for traders who want to trade large positions, and it’s especially useful for those who trade high-volume positions.
You can also have up to 500 simultaneous open orders. This is an excellent feature for traders who want to manage multiple positions or implement different strategies at the same time.
Margin Call and Stop-Out Level
The HFM Premium Account comes with a margin call level of 50%. This means if the value of your account falls to 50% of the required margin, you will be notified to deposit more funds to keep your positions open. If you don’t add more funds, the broker may close some of your positions.
The stop-out level is set at 20%. If your account balance falls to 20% of the margin needed to maintain your open positions, your trades will automatically close. This helps to prevent you from losing more than your available balance.
Market Execution and Personal Account Manager
The HFM Premium Account uses market execution, which means your orders are filled at the best available price in the market. This is crucial for traders who need fast execution, especially in fast-moving markets.
Additionally, HFM Premium Account holders have access to a personal account manager. This dedicated account manager will assist you with any account-related issues, provide market insights, and help you navigate the trading platform. Having a personal account manager is a great way to get personalized support and improve your trading experience.
Commission and Swap-Free Option
With the HFM Premium Account, there are no commissions on Forex pairs. This means you only pay the spread when opening or closing your trades, which keeps trading costs low.
For traders who follow Islamic finance principles, a swap-free option is available. This means you won’t have to pay or receive interest on your positions, making it a great option for traders looking to avoid swap fees.
Real-Life Trading with the HFM Premium Account
The HFM Premium Account is perfect for traders who want a balance of competitive spreads, high leverage, and excellent trading tools. It is ideal for traders who are serious about growing their portfolio, whether you’re a beginner or have some experience in forex trading.
For example, if you open a position on EUR/USD with a spread of 1.2 pips, and use 1:2000 leverage, you can potentially control a large trade with a small deposit. If the price moves in your favour, you can see significant profit, and the low spread means less cost to enter and exit the trade.
How to Open an Account with HF Markets in Nigeria (Step-by-Step Guide)
Follow this simple, step-by-step guide to open your HF Markets account and start trading in Nigeria. We’ve broken down each step to make the registration process easy for you.
Step 1: Visit the HF Markets Website and Start Registration
Go to the HF Markets website: You’ll see the green “Register” button located at the top right corner. Click this button to begin the registration process.
Select Your Account Type: You will be given the option to choose between an Individual, Corporate, or Joint account. For most individual traders in Nigeria, the Individual account is the best option.
Fill in the Registration Form:
Country of Residence: Choose Nigeria from the drop-down menu.
Email Address: Enter a valid email address that you can access easily.
Create a Secure Password: Create a strong password that meets HF Markets’ security standards:
- Between 8-15 characters
- Includes both uppercase and lowercase letters
- At least one number and one special character (e.g., @, #, $, %)
Make sure to tick the box indicating you’ve read and accepted the Privacy Policy.
Once you’ve filled out all the required fields, click “Register” to proceed.
Step 2: Verify Your Email Address
Check Your Email: After registering, HF Markets will send a confirmation email containing a 6-digit activation code. Open your email inbox and find the code. Note that the code is valid for 5 minutes.
Copy the code and paste it into the verification field on the HF Markets website.
Once you’ve entered the activation code, click the “Verify” button to confirm your email address.
HF Markets will display a message confirming that your email address has been verified successfully. The page will automatically proceed to the next step.
Step 3: Complete Your Profile Information
Now it’s time to complete your personal profile by providing some additional details.
Enter Personal Information:
- First and Last Name: Make sure to enter your full legal name as it appears on your ID or passport.
- Gender: Select your gender from the dropdown menu.
- Country of Birth: Choose Nigeria or your country of birth from the list.
- Phone Number: Enter your valid mobile number.
- Date of Birth: Select your birthdate from the available options.
Choose Your Account Currency: Select your preferred currency for trading (e.g., NGN, USD, or EUR).
Address Information:
- Province/State and City: Enter your state and city in Nigeria.
Additional Information:
- Referral Information: If you were referred by someone, enter their details here.
- Confirm Tax Status: Tick the box confirming you are not a U.S. resident for tax purposes.
- Agree to Terms and Conditions: Confirm that you’ve read and agreed to HF Markets’ Terms and Conditions.
Once you’ve completed this step, click Continue to move to the next stage.
Step 4: Choose Your Trading Account Type
After verifying your email and completing your profile, you’ll be asked to select your preferred trading account type. Choose the HFM account type that best suits your trading needs. Whether you want a Cent, Zero, Pro, Pro Plus or Premium account, you’ll find it here.
From here on, the process is simple. HF Markets will guide you through the remaining steps to finalize your account setup.
How to Create a Demo Account on HF Markets in Nigeria (Step-by-Step Guide with Screenshots)
For beginners looking to practice trading without financial risk, creating a demo account with HF Markets in Nigeria is the perfect solution. This guide will walk you through each step to set up your Forex demo account, so you can get hands-on experience in the market.
Step 1: Start the Demo Account Registration
In the top right corner of the page, you’ll find the “Skip for Demo” button. Click it to bypass the live account registration and go directly to the demo account setup process.
Step 2: Set a Password for Your Demo Account
You’ll now be asked to create a password for your demo account. Make sure it follows the HF Markets password guidelines:
- 8-15 characters in length.
- Includes both uppercase and lowercase letters.
- At least one number.
- Includes at least one special character (e.g., @, #, $, %).
Once you’ve set your password, click “Open Account” to proceed.
Step 3: Review Your Demo Account Details
After successfully creating your demo account, you will be provided with the login details for your demo account, including:
- Login ID: This is your unique ID used to access your demo account.
- Server Information: The server name will be HFMarketsGlobal-Demo—make sure to note this down for when you log into the trading platform.
Take a moment to read through the terms and conditions of using the demo account, and click “Accept” to confirm and continue.
Step 4: Connect to Your Demo Account
Go to the login screen on your trading platform (MetaTrader 4, MetaTrader 5, or the HF Markets Webtrader).
- Enter your Login ID and password.
- Select the correct server: Ensure you choose HFMarketsGlobal-Demo from the list of available servers.
- Click “Connect to Account” to access your demo account.
Step 5: Start Trading on Your Demo Account
Once you’re logged in, you will be taken to the HF Markets demo trading platform. You now have access to charts, trading tools, and virtual funds.
FAQs on HFM Account Types in Nigeria
1. Is HFM legit in Nigeria?
Yes, HFM (HF Markets) is a legitimate broker that operates in Nigeria and globally.
It is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), ensuring that it adheres to high standards of financial security and operational integrity.
If you want to start trading on HFM in Nigeria, you can rest assured that the platform is safe to use.
2. What does HFM do?
HFM (HF Markets) is an online trading platform that provides access to various financial markets, including Forex, commodities, stocks, and indices. HFM offers several account types, such as Cent Accounts, Zero Spread Accounts, and Pro Accounts, allowing traders in Nigeria to engage in speculative trading.
By creating an HFM account, traders can use advanced tools like MetaTrader 4 and MetaTrader 5 to buy and sell assets and potentially profit from market movements.
3. How much can I start trading with HFM in Nigeria?
You can start trading on HFM in Nigeria with as little as $0 or ₦0, depending on the account type. For instance, if you want to open a Cent Account, you can start with no deposit at all, while other accounts like the Pro Account may require a minimum deposit of $100 (or ₦50,000). The low entry barrier makes it accessible for beginners in Nigeria to get started in trading.
4. How much does HFM charge for commission?
HFM charges commissions depending on the type of trading account and the instrument you’re trading. For example, Zero Accounts may incur commissions on Forex pairs, while Cent Accounts and Pro Accounts do not charge commissions on most trades. However, spreads (the difference between buying and selling prices) apply across all accounts. It’s important to check the specific terms of your HFM account type before trading.
5. Does HFM offer a cent account?
Yes, HFM offers a Cent Account, designed for beginners and those who prefer to trade smaller amounts. In this account, 1 lot equals 1,000 units instead of the typical 100,000 units in a standard account. With HFM Cent Account, traders can start with as little as $0 and engage in trades using tiny lot sizes, which is ideal for practising strategies without large risks.
6. How much is 1 lot in a Cent account?
In an HFM Cent Account, 1 lot equals 1,000 units of the base currency. This smaller lot size allows traders to manage risk more effectively, especially when trading with smaller amounts of capital. It’s a great feature for beginners in Nigeria who want to start with a modest investment and test out strategies without committing large sums.
7. What is 0.01 lot size in a Cent account?
In an HFM Cent Account, 0.01 lot represents 10 units of the base currency. The ability to trade such small lot sizes enables you to engage in trading with minimal financial risk, which is perfect for practising your strategies or gaining experience without risking significant amounts of money. This is an attractive option for traders in Nigeria who want to test out HFM trading without committing large capital.
8. What is a zero trading account?
A Zero Trading Account offered by HFM refers to an account type where spreads on Forex and Gold can start from 0 pips. This is beneficial for traders who prefer low-cost trading, as there is no markup on the spread.
However, be aware that Zero Accounts may charge a commission on trades, particularly on Forex pairs. This account type is suitable for traders who are looking for tight spreads and are willing to pay a commission.
9. Does HFM have a zero spread account?
Yes, HFM offers a Zero Spread Account, which is a great choice for traders who want to take advantage of tight spreads. In this account type, spreads can start from 0 on Forex and Gold, which means you get the best possible prices when entering or exiting trades. However, this account type may incur commissions, so it’s important to check your specific HFM trading fees.
10. How much can I start trading with HFM in Nigeria?
You can start trading on HFM in Nigeria with as little as $0 or ₦0, depending on the HFM account type. For example, the Cent Account has no minimum deposit requirement, while the Pro Account requires a minimum deposit of $100 (₦50,000). Starting with a small amount gives beginners in Nigeria the flexibility to practice and grow their trading skills gradually.
11. What is a pro trading account in HF Markets?
A Pro Trading Account with HFM is designed for more experienced traders. This account type offers variable spreads starting from 0.6 pips and allows traders to access a wide range of financial instruments, including Forex, commodities, and indices. The minimum deposit for this account is $100 (₦50,000), and there is no commission on most trades, making it ideal for serious traders who want to access competitive market conditions.
12. HFM Pro vs Pro Plus account for Nigerian traders
When comparing HFM Pro vs Pro Plus Account for Nigerian traders, the key difference lies in the spread and minimum deposit. The Pro Plus Account offers tighter spreads, starting from 0.2 pips, and requires a higher minimum deposit of $250 (₦200,000) compared to the Pro Account.
If you are looking for lower spreads and have a slightly higher starting capital, the Pro Plus Account would be better suited for you. Both accounts offer high leverage (up to 1:2000) and market execution.
13. What is a premium account in HFM?
A Premium Account with HFM is a versatile account type that offers variable spreads starting from 1.2 pips. There is no minimum deposit requirement, making it an accessible choice for beginner traders in Nigeria. This account type provides access to all the financial instruments available on the platform, including Forex, gold, and indices. It’s a great choice for those who want to start trading with HFM but don’t want to commit to a high initial deposit.
14. How to open an HFM account in Nigeria?
To open an HFM account in Nigeria, follow these steps:
- Visit the HF Markets website and click on the “Register” button.
- Fill in the required details such as name, email, country (select Nigeria), and password.
- Verify your email by entering the activation code sent to your inbox.
- Complete your profile by providing additional personal information.
- Choose your preferred account type (e.g., Cent, Pro, or Zero Account) and complete the registration.
15. How to create an HFM demo account?
To create an HFM demo account:
- Go to the HF Markets website and click on “Skip for Demo” on the account registration page.
- Set a secure password, following the guidelines provided by HFM.
- Review the demo account details, including the Login ID and server information.
- Accept the terms and conditions to confirm.
- Log into the MetaTrader platform using the provided login details to start practising with virtual funds.
Traders all over the world are currently recommending HF Markets (HFM). It is one of the best Forex brokers for beginners and even advanced traders at the moment because of its user-friendly interface, and ability to trade forex, crypto, commodities, stocks, indices, etc.
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