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HFM Fund Withdrawal Process

HFM Fund Withdrawal Step by Step

Overall, HFM offers a simple fund withdrawal process for Kenyan Traders. HotForex is considered average-risk, with an overall Trust Score of 9 out of 10. HotForex is regulated by HFM Investments Limited.

Updated : September 28, 2022

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HFM Fund Withdrawal Process

Fund Withdrawal Step by Step

HFM Fund Withdrawal Process

Detailed Withdrawal Information

HFM Fund Withdrawal Process

Terms and Conditions

HFM Fund Withdrawal Process

Pros and Cons

HFM Fund Withdrawal Process

Final Verdict

HFM Fund Withdrawal Process

FAQ

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

How to Withdraw Funds Step by Step

👉 Traders who want to withdraw funds from the trading account can follow these few steps:

➡️ Kenyans can log into their “myHF” portal and select “Fund Withdrawal” from the available options.

➡️ Kenyans must select the payment method that they used with their initial deposit and provide the amount they wish to withdraw.

➡️ Kenyans must ensure that they have enough funds/free margin in their account before they submit the withdrawal request.

➡️ Next, Kenyans can follow the onscreen instructions to proceed with their withdrawal request and submit it to HFM to complete the withdrawal process.

Detailed Withdrawal Information for Traders

👉 HFM offers a few payment methods that can be used to withdraw funds in addition to supporting USD and ZAR as deposit currencies. The processing time on withdrawals will depend on when the withdrawal request was submitted, and the overall withdrawal method used.

 

👉 For more information on withdrawals with HFM, Kenyans can consult the comprehensive table below.

 

HFM Deposit Currencies, Deposit and Withdrawal Processing Times, Minimum Withdrawal Amount and Maximum Deposit Amounts

💻 Payment Method💵 Deposit Currencies💰 Deposit Processing💳 Withdrawal Processing💸 Max Deposit📱 Min Withdrawal
Bank Wire TransferUSD, ZAR2 to 7 working days2 to 10 working daysUnlimited100 USD
Electronic TransferUSD, ZARUp to 10 min2 to 10 working days10,000 USD10 USD or 70 ZAR
Credit CardUSD, ZARUp to 10 min2 to 10 working days10,000 USD5 USD
Debit CardUSD, ZARUp to 10 min2 to 10 working days10,000 USD5 USD
SkrillUSD, ZARUp to 10 minUp to 10 Min10,000 USD5 USD

Fund Withdrawal Terms and Conditions

HFM Fund Withdrawal Process

👉 Requests for withdrawals made before 10 am server time on Mondays to Fridays are typically completed the same business day between 7 am and 5 pm.

 

👉 If a client requests a withdrawal amount that is lower than the minimum amount stated, they will be responsible for paying all fees related to the withdrawal.

HFM Kenya Pros and Cons

✔️ Pros❌ Cons
Well-regulated CFD and Forex broker that has a decent trust scoreUnited States clients and some other regions are not accepted by HotForex
The spreads offered are low and competitiveThere may be restricted leverage for EU clients because of regulatory requirements
There are several account types to choose from with reasonable trading fees chargedThere are no variable spread accounts offered
HotForex welcomes all types of traders and trading strategiesLimited 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.

FAQ

How long is HFM’s withdrawal process?

Withdrawals with HFM take between 10 minutes and up to several days.

 

How do I withdraw from HFM?

You can use a Credit/Debit Card, Bank Transfers, or Skrill to withdraw funds.

 

Are there instant withdrawals offered by HFM?

No, HFM does not support instant withdrawals.

 

Can I withdraw to any other bank account other than my own?

No, you may not. Because of strict Anti-Money Laundering policies, you may only withdraw funds to an account that is registered in the same name that you registered an account with.

 

Can I withdraw to a Skrill account if my deposit was made via card?

No, you must select the same method you used for your deposit to make a withdrawal. You must withdraw the exact amount that you deposited using a certain withdrawal method before you can use other options.

9.6/10 - (22 votes)