HFM Sign Up Bonus
HFM does not offer a signup bonus for Kenyan Traders. HotForex is considered trustworthy, with an overall Trust Score of 9 out of 10. HotForex is regulated by HFM Investments Limited.
Sign Up Bonus
Additional Broker Bonuses
Pros and Cons
👉 HFM does not offer a sign-up bonus.
👉 When Kenyan traders register a real account with HFM, they are not given a sign-up bonus or a no-deposit bonus that gives them free trading credit without the need for an initial deposit.
👉 However, Kenyans who register, verify their real account, and deposit funds, are eligible for:
➡️ A welcome bonus of 50% will be awarded to traders who open a Micro Account on the MetaTrader 4 platform and make a deposit of at least 50 dollars.
➡️ A 100% boosted deposit bonus for traders who deposit $250 or more. Traders may get cash refunds of $2 for each lot if they take advantage of this benefit, which can accrue to a total of $50,000.
➡️ A rescue bonus of 30%, up to $7,000, on any deposits of more than $50.
👉 HFM does not provide a referral bonus to new or existing Kenyan traders.
👉 The most effective and best way for brokers to acquire new customers is via referral incentives, which enable current customers to share a unique referral code with their loved ones.
👉 Referral incentives are an excellent method for traders to spread the word about a broker’s services and attract new clients through word of mouth. To make money, traders just need to establish a legitimate trading account and share their unique referral links with friends and relatives.
👉 After registering a real account with the broker (not a demo account) and making the required minimum deposit, referrals may be required to trade a specified volume to qualify for the bonus.
👉 If the conditions are satisfied, both the trader and the person they recommend are now eligible for the referral incentive.
Additional broker bonuses, promotions, and rewards
👉 HFM also provides a broker bonus by offering Kenyan traders a 100% credit bonus, subject to certain trading volume restrictions. Four unique levels of awards are bestowed on HFM’s loyal customers according to their trading activity.
➡️ HFM Red is the initial level earned by traders after registering for the loyalty program.
➡️ HFM Silver is attained after 31 active trading days.
➡️ HFM Gold is attained after 62 consecutive trading days.
➡️ HFM Platinum is attained after 105 consecutive trading days.
👉 Additionally, HFM provides a comprehensive trading bonus and several competitions, including:
➡️ Traders Awards 2022
➡️ Demo Account trading contest
➡️ HFM Merchandise
➡️ Festive Phrase Contest
➡️ The Checkered Flag Contest
USD 5 / 578 KES
CySEC, FSC, FSCA
MetaTrader 4 and MetaTrader 5
Account Activation Time
HFM 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 do I claim my HFM bonus?
Once you have registered a real account, verified your details, and made the minimum deposit, you will receive the bonus that you opted for. This will be presented as trading credit that you can use to trade risk-free in financial markets.
How do I get an HFM no-deposit bonus?
HFM does not currently offer a no-deposit bonus to newly registered clients.
Can I participate in a bonus using my HFM demo account?
Yes, HFM offers a trading bonus that is dedicated specifically to demo account holders.
Can I earn money when I refer traders to HFM?
No, HFM does not currently offer a referral bonus.
Does HFM offer a sign-up bonus to new traders?
No, there is no sign-up bonus when Kenyans register a new account with HFM.