HFM Demo Account
Overall, HFM offers a free demo account. Demo accounts are available on all accounts. HotForex is regulated by HFM Investments Limited. HotForex is authorized by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).
Demo Account Overview
Demo Account Features
Pros and Cons
How to set up a Demo Account – Step by Step
👉 Step 1 – On the HFM Homepage, click on the Demo button.
➡️ The Demo Account button will be available throughout the HotForex website regardless of the page viewed.
👉 Step 2 – Select Individual and complete information as requested and Register.
➡️ Traders will be required to enter their personal information in order to complete the registration process.
➡️ Once these steps are completed, traders will receive an email notification to verify their HFM Demo account.
HFM Demo Account Features
👉 Based on actual market circumstances, the HFM Demo Account properly simulates a true trading environment. The unconstrained nature of the HFM Demo is ideal for inexperienced traders.
👉 The initial virtual balance for Kenyans will be 100,000 USD, which could be adjusted on demand.
👉 Kenyan traders get easy access to charts, news, and analysis, the fully-featured MT4 and MT5 platforms, and real-time pricing and currency market volatility.
👉 HFM provides Kenyan traders with the option to open a demo account for any of the following account types:
➡️ Micro Account
➡️ Premium Account
➡️ HFCopy Account
HFM Kenya Pros and Cons
|✔️ Pros||❌ Cons|
|Well-regulated CFD and Forex broker that has a decent trust score||United States clients and some other regions are not accepted by HotForex|
|The spreads offered are low and competitive||There may be restricted leverage for EU clients because of regulatory requirements|
|There are several account types to choose from with reasonable trading fees charged||There are no variable spread accounts offered|
|HotForex welcomes all types of traders and trading strategies||Limited funding options offered for deposits and withdrawals|
|There is a low minimum deposit requirement and secure methods for deposits and withdrawals|
|Suited to beginner traders and experienced traders|
|Offers comprehensive expert trading and market analysis|
|Offers a decent selection of educational tools and a range of trading tools|
Verdict on HFM
👉 Overall, HFM is very competitive in terms of its trading fees and spreads.
Does HFM have a demo account?
Yes, HFM offers a demo account on MT4 and MT5 on several retail accounts.
What is the minimum deposit for an HFM demo account?
There is no minimum deposit required when you register an HFM demo account.
How much virtual funds do I get with an HFM practice account?
You get 100,000 USD in virtual funds that can be adjusted at any given time.
For how long can I use the HFM demo account?
You can use the demo account offered by HFM indefinitely.
How can I create a new HFM demo account?
You can visit the HFM website, select the option for the demo account, complete the form, verify your email address, and download the platform to start trading.