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.
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
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 Transfer||USD, ZAR||2 to 7 working days||2 to 10 working days||Unlimited||100 USD|
|Electronic Transfer||USD, ZAR||Up to 10 min||2 to 10 working days||10,000 USD||10 USD or 70 ZAR|
|Credit Card||USD, ZAR||Up to 10 min||2 to 10 working days||10,000 USD||5 USD|
|Debit Card||USD, ZAR||Up to 10 min||2 to 10 working days||10,000 USD||5 USD|
|Skrill||USD, ZAR||Up to 10 min||Up to 10 Min||10,000 USD||5 USD|
Fund Withdrawal Terms and Conditions
👉 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 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.
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.