MyFxBots In-Depth Review of HF Markets

Five accounts are published, and the same five are offered on every terminal. The set is built around entry price rather than around entity: two accounts open from zero, one carries a real threshold, and one carries unlimited leverage. Minimum deposits are quoted in dollars and, where the site gives them, in euros.

InfinityX and unlimited leverage

InfinityX is the account the broker launched in 2026, and it is the only one whose leverage is not a ratio. The published structure is zero margin on the first five lots of forex, metals, indices and energies, and on the first lot of Bitcoin, five lots of Ripple and fifty lots of Ethereum; beyond those thresholds, margin is calculated against equity at up to 1:2000. The stop-out is 0%, the margin call is 20%, negative balance protection applies, and the $500 opening deposit buys a swap-free status that excludes crypto.

The Zero account and its published commission

Zero is the only account that publishes a commission table, which makes it the only one whose all-in cost a reader can calculate in advance. Spreads run from 0.0 pips on the majors, and the commission is quoted at $3 per lot per side — $6 round turn per 100,000 units, $0.60 at 10,000 units, and $10 round turn per 100 ounces of gold. The page states a $0/€0 minimum, while its own FAQ answers $25; the discrepancy is recorded here rather than resolved.

The Cent account

Cent trades in USC, with one lot standing for 1,000 units rather than 100,000, and it is restricted to forex and gold. It is the account for testing a strategy at real costs without committing meaningful capital: 1:2000 leverage, 300 simultaneous orders, and a 1,000-cent lot per position ceiling.

Pro and Premium

Both are spread-only accounts, and neither publishes a per-lot commission. Pro is the cheaper of the two at 0.6 pips from a $100/€100 entry, Premium sits at 1.4 pips from a $0/€0 entry and adds the higher-touch service the broker markets to larger balances. The "excluding certain products" footnote on both is not expanded on the page.

Swap-free and Islamic accounts

Swap-free status is offered on selected accounts and selected instruments, and the broker extends it to clients who do not observe Sharia law as well as to those who do. The rollover policy is explicit that several instruments can attract carry charges after a position has been rolled over for a sequential number of days, and the broker reserves the right to withdraw the status where it considers it misused. No administration fee and no minimum holding period are published, so a reader should ask for the instrument list before relying on the exemption.

Copy trading, PAMM and partner accounts

Copy trading runs inside the client area in two roles, follower and strategy provider, with proportional and multiplier copying modes and a provider performance fee whose rate is not published. PAMM sits on its own site, with investor and fund manager tracks. Affiliate, introducing broker, and white-label programs are routed through separately branded partner addresses rather than through the trading account set.

Funding is organized into three published classes rather than a named provider list: bank transfers, cards, and an "alternative" group that covers the e-wallets and local rails. The broker states that it applies no deposit fee and no withdrawal fee, and the one charge it does describe is its own bank-wire fee on transfers of $100 or less. Withdrawals are accepted around the clock, and the processing window is published to the hour.

Three rules shape what the table means in practice. Funds return to source: a withdrawal goes back to the card or rail used for the deposit, and the broker states that funds are withdrawn to the same card used during the last six months and that expired cards are not processed. Card withdrawals run through Visa Direct and Mastercard MoneySend, which is how a profit above the original deposit can leave by card. And the currency of the deposit becomes the currency of the withdrawal, so a client who funds in a currency other than the account currency carries a conversion between the two.

The provider names behind the alternative rows are images rather than text on the live page, so the broker's own written description — wire transfer, credit cards and Skrill — is the only set of names it states in words. Per-method currencies and a maximum withdrawal amount are not published at all. Readers should confirm the available rails for their own country inside the client area before planning a withdrawal, because the list is served by region at registration rather than printed on the public page.

The cost structure is published unevenly. Spreads and one commission table are explicit, swaps are explained in detail, and the non-trading side is handled with a single sentence — "There are no additional Fees" — that does not cover currency conversion. The broker's own FAQ repeats the same claim, so the reader should treat the absence of a published inactivity or conversion charge as an absence of publication rather than a guarantee.

Spreads

All five accounts are variable-spread, and the headline figures are floor prices rather than averages: 0.0 pips on Zero, 0.3 on InfinityX, 0.6 on Pro, 1.4 on Premium and Cent. The forex page prints the per-symbol floor for each account, which is the honest way to read a "from" claim — EURUSD sits at 0.5 on InfinityX and 0.0 on Zero, GBPUSD at 0.6 and 0.0, while USDJPY is 0.4 on Zero against 0.0 on the majors beside it. The broker also publishes the two moments when spreads are not a fair comparison: the 23:55 to 00:05 daily rollover window and the scheduled release periods, when spreads widen and liquidity thins.

Commissions

Only Zero publishes a per-lot commission, and it does so as a round-turn table: $0.06 at 1,000 units, $0.60 at 10,000 and $6 at 100,000, with gold at $10 per 100 ounces. The headline quote is "$3 per 1 lot", which is one side of that round turn. Pro and Premium answer "No" with a footnote excluding certain products, and the comparison page renders the whole commission row as an icon, so a reader comparing the five accounts on one screen cannot see the fee at all.

Swaps and rollover

Any position open at 00:00 server time is charged or credited a swap, and the Wednesday rollover is applied at three times the daily amount to cover the weekend; indices take their triple charge on Friday instead. Server time is GMT+2 in winter and GMT+3 in summer. Share CFDs additionally carry a dividend adjustment: longs receive the dividend as a balance credit, shorts are charged it as a debit.

Non-trading fees

Deposits and withdrawals carry no broker fee, with the bank-wire exception above $100. Beyond that the si,te publishes nothing on inactivity, conversion, custody, or account maintenance, and the "no additional fees" line is a statement about what the broker charges rather than an audited fee schedule. Readers who intend to leave a balance dormant, or to fund in a currency other than the account currency, should request the current fee schedule in writing before doing either.

Leverage is the one figure the broker markets hardest and publishes least precisely. The site states 1:2000 for four accounts, unlimited leverage for InfinityX, and gives no table that ties either number to a licensed entity. The ladder below is what the international document publishes; the caps that apply to a CySEC or FCA client come from those regulators, not from the broker.

The InfinityX structure is the most consequential figure in this review. Margin is zero on the first five lots of forex, metals, indices and energies, and on the first lot of Bitcoin, five lots of Ripple and fifty lots of Ethereum; above those thresholds margin is taken against equity at rates up to 1:2000, and the stop-out is 0%. A 0% stop-out with no margin requirement means the position is not closed by the platform when equity runs out — the loss is carried until the client closes it, and the only thing standing between that and a debt is the broker's negative balance protection, which is a contractual promise, not a regulated guarantee.

For the supervised entities, the position is different in kind. A retail client contracted to the CySEC entity is covered by the ESMA product-intervention measures that CySEC adopted, and a client of the FCA entity by the FCA's own CFD rules; both cap major-pair leverage at 30:1 and lower it on other classes. The broker does not publish that ladder in the document served to this location, and this review does not invent one: what it can say is that the 1:2000 and unlimited figures belong to the international, St Vincent-branded document, and that the European and British caps are a matter of the regulators' rules rather than of the broker's terms.

Leverage magnifies losses exactly as it magnifies gains. At 1:2000, a 0.05% move against an unhedged position erases the margin behind it; on InfinityX, the absence of margin removes the platform's automatic brake altogether. Position size, not the advertised ratio, is what a reader controls.

There is no deposit bonus on the public promotions page. What is offered instead is a loyalty scheme, a payout pool on free margin, a trading contest, and a demo contest, each of which pays a reward rather than crediting a tradable bonus to the deposit. The account comparison carries a separate "flexible bonus offerings" row that is not explained in words and is footnoted as region-dependent, so a reader in a supervised jurisdiction should not assume any of the four programs is open to them.

• Loyalty program: traders earn Trophy Road Points at 250 per $1 million of volume at the entry tier, rising to 400 at the top tier, and the points are exchanged for trophies that include cash prizes up to $500,000, a supercar, holidays and devices. PAMM and demo accounts are excluded from earning.
• Return on free margin: a $1,000,000 pool distributes daily earnings of up to 3% on a client's free margin, paid into the trading account. The published rule is the pool size and the ceiling; the allocation mechanics sit in the terms.
• Traders Awards 2026: a contest with a $1,000 cash prize for the top trader and a place in the broker's own hall of fame.
• Demo contest: a monthly competition on demo accounts, paying what the broker calls trading bonuses to the winners.

Two cautions belong here rather than in a footnote. First, every one of these programs is governed by terms that sit outside this review, and the broker states that conditions apply; a reward that arrives as a credit, a prize or a contest payout can carry trading-volume requirements, expiry or clawback provisions that change what it is worth. Second, none of them reduces the risk of loss: a bonus multiplies the capital in play, not the probability of a favorable outcome, and a loyalty reward that requires volume to reach is a cost of trading before it is a benefit.

Four terminals carry the same account set, and the broker does not charge for any of them. The interesting choice is not which platform exists but which one a reader's strategy needs: MetaTrader 5 for the widest instrument list and the deepest charting, MetaTrader 4 for the largest library of third-party Expert Advisors, the browser platform for TradingView charting without an installation, and the mobile app for account management rather than analysis.

The browser platform

The web terminal is now the broker's flagship and the only one it rebuilt this year. Charting is embedded TradingView rather than a licensed add-on, so Fibonacci retracement tools, drawing objects and 100+ indicators arrive without a download, and the interface is published as supporting 19 languages. Positions, transfers and account switches run in the same session, and the broker offers it at no cost to every client.

MetaTrader 4 and MetaTrader 5

Both terminals are free and both are available on Windows, macOS, Linux and mobile. MetaTrader 4 remains the narrower platform — over 250 instruments, no stocks, ETFs or DMA — but it is the one that runs the largest third-party library of Expert Advisors, and the broker permits algorithmic trading on it without restriction. MetaTrader 5 carries 3,000+ instruments, 21 timeframes and the deeper order set, and it is the platform to choose for share and ETF exposure. The broker states that a single account can be traded from either terminal but not across them.

The mobile app

The app is a management tool more than an analysis desk: five indicators and nine timeframes against the browser platform's hundred, but full access to every account, the wallet, copy trading and PAMM. It requires Android 10 or later and iOS 16 or later, which excludes older handsets that some competitors still support.

Execution and account conditions

Market execution is used throughout, hedging is permitted on all instruments, and a fully matched hedge carries zero margin on every platform. Each account type takes its own symbol suffix — x for InfinityX, c for Cent, b for Zero, r for Pro, and none for Premium — which matters when an Expert Advisor is hard-coded to a symbol name.

The broker advertises "over 500 markets" across nine asset classes, and the class list is complete even though the per-class counts are not published. The distinction that matters for a reader is platform-dependent: MetaTrader 4 carries roughly a quarter of what MetaTrader 5 does, and stocks, ETFs and DMA exposure exist only on MetaTrader 5, the browser platform and the app.

Two caveats attach to the headline count. The "over 500 markets" figure is a marketing number that the site does not break down by class, while its own platform pages quote "over 250" for MetaTrader 4 and "3,000+" for MetaTrader 5 — different measurements of the same catalog, not a contradiction a reader can resolve without the client area. And the per-instrument contract specifications, including the 100-ounce gold contract and the one-lot minimum on indices and energies, are scattered across the class pages rather than collected in one table, which is exactly the sort of detail an Expert Advisor's risk settings need. The same specifications decide which style fits: a 0.01-lot floor on forex and metals leaves room for day trading at small size, while indices and energies take a standard lot.

Which company holds a client's money depends on where that client lives, and the answer is not the same across the group. The document served to this location is issued under the St Vincent branch, and that entity — HF Markets (SV) Ltd — is registered in St Vincent and the Grenadines as company 22747, a business company incorporated in 2015. The St Vincent register prints a company number, an incorporation date and a registered agent, and no licence field at all: the authority there does not license forex brokers, and its published categories contain no securities-dealer class. A client contracted to that company is therefore outside conduct supervision and outside any compensation scheme, whatever else the site says about security.

The supervised entities are a different matter, and the registers were checked one by one. HF Markets (Europe) Ltd holds CySEC licence 183/12, dated 20 November 2012, company registration 277582, and it appears on CySEC's current list of Cypriot investment firms and not on the former list. HF Markets (UK) Ltd is a real company — number 11118651, incorporated in December 2017, active at Companies House with the Bloomsbury Way address the broker publishes — but the FCA register would not render for verification, so this review records the firm reference 801701 as published by the broker and unverified here rather than as confirmed. HF Markets (Seychelles) Ltd is listed by the Seychelles Financial Services Authority as a current securities dealer; the authority's list does not print licence numbers, so SD015 remains the broker's claim rather than a register fact. HF Markets SA (PTY) Ltd is published with FSP 46632, and the South African register could not be reached at all, so that number is unverified too.

Two further entities are worth naming because the site handles them inconsistently. HF Markets Investments Ltd holds Kenyan CMA licence 155 and appears on the CMA licensee list as a non-dealing online forex broker, which is the narrowest permission in the group: it may not deal against the client. And HF Markets (DIFC) Limited holds DFSA reference F004885, licensed in December 2018, current on the Dubai register with endorsements to deal with retail clients and to hold client assets — an authorisation the group's own regulation page and footer do not mention at all, while the same footer lists the UAE among the jurisdictions it does not serve.

On the handling of money itself, four mechanisms are published and each has a limit worth understanding. Client funds are held in segregated accounts, which protects them from the company's own creditors but does not protect them from a trading loss or from an insolvency shortfall. Negative balance protection is promised as an automatic reset to zero, which matters most on the unlimited-leverage account, but it is a contractual term of the entity rather than a statutory right. A $5 million insurance programme is described as covering the company's liabilities against fraud and error, not client trading losses, and the certificate is not published in a form this review could read. And Cyprus Investor Compensation Fund membership covers clients of the CySEC entity only, up to the fund's own limit, and covers nothing at the St Vincent or Seychelles companies.

The dispute route is the weakest part of the file. The site publishes no complaints procedure, no escalation path and no named external ombudsman, so a client of the offshore entities has no published route beyond the support desk. For clients of the supervised entities the statutory schemes exist — the Financial Ombudsman Service for the UK firm, the Cyprus ombudsman for the Cypriot one — but the broker does not point to either, and a reader should confirm the applicable route before opening an account rather than after a dispute.

Support is organized as a global desk plus a long list of regional desks, and the published language coverage is the broadest part of the service: 20+ languages by the broker's own claim, with a dedicated Arabic line and separate numbers for Nigeria, India, Indonesia, Malaysia, the Philippines, Pakistan, Thailand, Vietnam, Korea, Taiwan, Brazil, Colombia and Mexico. The channel list is real and specific. The service-level claim above it is not consistent.

The inconsistency is worth naming because it is the kind of detail a reader relies on at the worst moment. The advantages page promises 24/5 support in 20+ languages, the FAQ promises 24/7 live support to all clients, and the contact page marks the trading desk available 24/7 while leaving the general line without hours. Either the general desk is staffed around the clock or it is not, and the site says both. The verification team's published turnaround is 48 hours for documents, and deposits are not credited until that check is complete — a fact that matters more than the chat hours for a first-time depositor.

Education is substantial and free, and it is gated: the course library opens only after account details are entered, which is a reasonable trade for a broker but means the depth cannot be judged without registering. The published breadth is a four-part course with 22 lessons, a video library, a webinar programme running in nine languages, and a daily analysis desk that doubles as teaching material.

• Structured course: four levels — beginner, intermediate, advanced and master — with 22 lessons split 11, 6, 3 and 2, covering markets, analysis and the economy, risk management and trading plans, then strategy and psychology. All four are credited to one instructor.
• Video library: four categories — material filmed for Bloomberg, a four-part series on central banks, two on trading psychology and one on strategy — with the hub claiming over 20 videos against 15 rendered on the page.
• Live webinars: free sessions in nine languages with nine named instructors, scheduled individually with countdowns rather than on a fixed weekly timetable, and archived afterwards for those who miss them.
• Written and daily material: a guide to trading gold, a forex FAQ, and a daily analysis feed covering currencies, indices and single stocks, which functions as ongoing market education rather than a static library.

The gap worth flagging is the absence of a glossary and of any certification claim. A trader who wants definitions, or a certificate to show an employer, will not find either here; what is offered is practical instruction in a small number of formats, taught largely by one person, at no cost.

The tool stack is the broker's strongest non-price argument, and most of it is free. Two third-party products that competitors usually resell are bundled at no cost, the market-sentiment board is proprietary, and the VPS is free above a deposit and volume threshold rather than at a flat fee. What is missing is equally clear: there is no proprietary charting suite and no published research on order execution quality.

Two of these deserve a closer read. The VPS tiers are tied to net deposit and monthly volume — $400 and two standard lots for Bronze, $8,000 and eight lots for Silver, $15,000 and fifteen lots for Gold — so the "free" hosting is a rebate on trading activity rather than a free service, and a month below the volume threshold converts it into a $25 to $80 charge. The copy-trading fee is disclosed as a performance fee paid to the provider but not quantified anywhere on the public page, so a follower cannot calculate the cost of following before committing.

The broker publishes 87 separate awards between 2012 and 2026, and claims "over 100 industry awards" in its company pages. The list is brand-wide rather than entity-specific: no award is attributed to a particular licensed company, so a reader cannot tell whether an award belongs to the CySEC entity, the offshore entity or the group as a whole. The full structured record, with provider and year for each entry, sits in the data file that accompanies this review rather than in the body.

The recent entries are the ones that describe the present business: most trusted broker global for 2026 from Global Brands Magazine, best trading experience global and excellence in customer support in Asia for 2026 from World Business Outlook, best CFD broker and most reliable broker at Wealth Expo Argentina 2025, and best Middle East broker at Summit Oman 2025. Older awards track the group's regional expansion — Asia, Latin America, Africa, the Gulf, Nigeria, South Africa and China each appear in the years the broker was opening those markets — which makes the list a useful history of where the brand was pushing at a given time, and a poor guide to how it performs today.

Three things a reader should keep in view. These are industry and media awards, not regulatory findings, and none of them is conferred by an authority with supervisory power over client money. The judging criteria, panels and entry processes are not published by the broker, so the award's weight rests on the awarding body's own reputation. And a "Top 100" listing or an "approved broker" designation is a placement, not a ranking of safety; it should carry no weight against the register status of the entity a client is actually contracted to.