HFM Rebates - How to Get Cash Back on Spreads

In the dynamic world of online trading, every decision, from choosing a broker to managing costs, directly impacts your bottom line. Traders are always looking for ways to reduce costs and maximise profits. One of the best ways to reduce trading costs is through rebates, also known as cashback on spreads.

HFM, a globally recognised broker, offers traders an attractive opportunity to earn cash back on spreads through its 100% Supercharged Bonus Program. This innovative program allows traders to receive rebates on every trade, enhancing their overall trading efficiency. In this article, we’ll explore HFM’s rebate program, how it works, and how traders can get cashback on spreads.

What is the HFM Cashback Rebate Program?

HFM rebates are cashback payments that traders receive for every trade they make, regardless of whether the trade ends in profit or loss. This program is part of HFM’s 100% Supercharged Bonus, which enhances trading capital while also providing cashback incentives. The more a trader trades, the more they earn in rebates. 

The decision to include an ongoing cashback element as part of the Supercharged Bonus programs shows HFM's commitment to providing tangible benefits to its clientele. The program is an excellent opportunity for active traders to reduce their overall trading costs. But what are the eligibility criteria? Let’s take a look.

Eligibility and Participation

The 100% Supercharged Bonus Program, including its cashback component, is available to HFM clients in select regions who meet specific criteria. Generally, clients need to have a verified trading account with HFM. Account verification involves completing HFM's standard Know Your Customer (KYC) procedures, which require submitting identification and proof of address documents.

Traders then need to fund their accounts with any amount. The cent, the premium, the zero, and the top-up bonus accounts do not have a minimum deposit requirement. Therefore, any deposit a trader makes will qualify for this program. However, the pro account requires traders to make a minimum deposit of $100. On the other hand, the pro-plus account requires a minimum deposit of $250. 

It's crucial to note that the availability of such bonuses and promotions can vary by region due to regulatory restrictions. Traders should always review the detailed terms and conditions on the official HFM website or contact customer support to confirm their eligibility based on their country of residence.

Remember that Forex and CFDs available at HFM are leveraged products.
Their trading can result in the loss of your entire capital.
T&C Apply, for eligible clients only

How to Get Cashback Rebates on HFM

HFM makes participating in the rebate program simple and user-friendly. Here's how you can get yourself cash back on spreads:

• Register For An Account - The first step is to create an HFM trading account and verify it. You will fill out a form with your personal details, including your name, country of birth, phone number, date of birth, gender, and default account currency. The next step is to take an appropriateness test, which helps HFM determine whether trading the products they offer aligns with your financial circumstances and level of expertise.

• Verify Your Account - The next step is to verify your HFM trading account by completing the broker’s Know Your Customer process. As a regulated broker, HFM is legally required to verify the identities of its clients. To verify your identity, you will need to upload your government-issued identification and proof of address documents.

• Make a Deposit - Once your account is verified, you will need to fund it. When a trader makes a deposit, the company will match that deposit, essentially doubling their trading capital as part of the 100% Supercharged bonus. The trader will then be eligible to receive cashback rebates.

• Trade Eligible Instruments - The cashback rebates are based on volume traded on Forex and Gold products only. Additionally, rebates are only applied when trades are closed.

• Ensure Trade Duration - To qualify for rebates, trades must be open for a minimum of 1 minute. Any position closed in less than 1 minute does not qualify for a rebate. Additionally, any trade closed after 1 minute but less than 2 minutes will only qualify for 50% of the stated rebate amount. All positions kept open for more than 2 minutes qualify for the full rebate.

• Earn Cashback Automatically - The rebates are calculated automatically on a daily basis and are paid directly into the client's trading account at 02:00 server time.

How Much Cashback Can Traders Earn?

HFM’s rebate structure is based on trading volume. The more lots a trader executes, the higher their cashback earnings. The rebate value for Forex pairs is $0.20 per standard lot traded round-trip turn. Only positions over 0.2 lots qualify for rebates. For Gold, the rebate value can be $2 per qualifying round-turn lot. 

The maximum cumulative rebate amount that a trader can receive under this scheme is $8,000. The minimum rebate amount that can be credited to a trader’s account on a daily basis is $5. When daily rebates are calculated and the cumulative rebate earned by a trader is below $5, payment will not take place until the cumulative unpaid rebates have reached or surpassed $5. 

On another note, rebates are only generated in US Dollars. If a client’s base currency is different, the rebate will be converted to that base currency using the prevailing spot conversion rate. Rebates can be used for trading purposes or withdrawn as cash by the client.

Benefits of HFM Cashback Rebates

The cashback component of HFM's 100% Supercharged Bonus Program offers several significant advantages for active traders:

• Reduced Effective Trading Costs - By receiving a portion of the spread back, traders effectively lower their overall cost per trade, making their trading more economical.

• Increased Profitability - Lower trading costs directly translate to higher net profits, especially for those who trade frequently. Even seemingly small rebates per trade can accumulate into substantial savings over time.

• Zero Restrictions on Withdrawal - Once credited, your cashback can be withdrawn or used as trading capital, offering complete flexibility.

• Incentive for Active Trading - The program rewards consistent trading without encouraging reckless overtrading, aligning with responsible trading practices.

Why Trade with HFM?

Beyond this attractive bonus program, HFM has established itself as a reputable and comprehensive broker with a strong global presence. Here's a look at some of its key features:

HFM Trading Instruments

HFM offers traders a diverse selection of over 500 CFD trading instruments across multiple asset classes. This gives traders ample opportunities to develop and execute tailored trading strategies. Below is an overview of the products available to traders on HFM:

• Forex - HFM allows investors to trade a wide variety of currency pairs, including major, minor, and exotic options, ideal for both short-term speculation and long-term strategies. 

• Energies - Engage in trading opportunities within the energy sector, including both spot oil and oil futures contracts.

• Metals - With this broker, people can invest in precious metals such as gold, silver, palladium, and platinum.

• Indices - HFM gives traders exposure to a broad selection of global indices, offering opportunities to speculate on the performance of major economies and sectors.

• Stocks - This broker also offers CFDs on shares of leading global companies, including major tech firms like Amazon and Alibaba.

• Bonds - HFM supports the trading of CFDs on bonds issued by top global economies, allowing traders to speculate on interest rate movements and macroeconomic trends.

• Commodities - Traders on HFM can explore both soft and hard commodities, including cocoa, coffee, and copper, as standalone assets or as part of a broader portfolio.

• ETFs - HFM clients can further diversify their portfolios by trading ETFs that track various sectors, commodities, and currencies. This offers efficient exposure to a wide market scope.

• Cryptocurrencies - Finally, traders on HFM can trade various crypto CFD assets, including popular assets such as Bitcoin, Ethereum, Ripple, and Litecoin, against major fiat currencies.

Spreads and Accounts on HFM

HFM offers six different trading account types, each tailored to different trading styles and experience levels. The spreads and fee structures vary depending on the account selected, providing traders with flexibility and choice. 

The Premium account has spreads from 1.2 pips, while the Cent account offers tighter spreads from 1.0 pips. The Top-Up Bonus account, available in some regions, starts at 1.4 pips. For lower spreads, the Pro account provides spreads from 0.5 pips, and the Pro-Plus account from 0.2 pips. These five different accounts do not charge a commission on forex pairs. Meanwhile, the Zero Spread account features ultra-tight spreads from 0.0 pips but includes a $3 per lot per side commission.

HFM also charges swap fees for overnight positions, with the exact fee varying by asset class. However, HFM offers swap-free (Islamic) account options across all account types, except the Top-Up Bonus account. This ensures that traders adhering to Sharia law can trade ethically.

HFM Trading Platforms

HFM offers a versatile selection of trading platforms to suit different trading styles. Traders can choose from MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary HFM Platform. These platforms are accessible across desktop, web, and mobile devices.

MetaTrader 4 remains a favourite among traders. It is popular for its user-friendly interface, comprehensive charting tools, and support for automated trading via Expert Advisors (EAs). It comes equipped with numerous built-in technical indicators and analytical tools to aid in market analysis.

MetaTrader 5 is the successor to MT4 and offers enhanced features. MT5 expands on MT4 with more advanced charting capabilities, a wider selection of technical indicators, and enhanced backtesting functionalities.

In addition to the MetaTrader suite, HFM has developed its own HFM Platform. This proprietary web-based platform is designed for ease of use, featuring one-click trading, real-time market data, and a customisable interface. It’s accessible without requiring software downloads.

The Credibility of HFM

Before engaging with any broker, assessing their credibility is crucial. Positively, HFM is highly regulated across multiple jurisdictions, which speaks to its commitment to transparency, financial standards, and client fund protection. These include the CMA in Kenya, the DFSA in Dubai, the FCA in the UK, the CySEC in Cyprus, and the FSCA in South Africa, among others.

Additionally, HFM enjoys a high user rating. It has a 4.6 out of 5-star rating on Trustpilot, with over 70% of users giving it a perfect five-star review. HFM's extensive client base (over 4 million accounts globally) and numerous industry awards further solidify its reputation as a trusted broker. 

Closing Remarks

The HFM Rebate program is a powerful tool for traders looking to reduce costs and enhance profitability. By offering cash back on spreads for eligible Forex and Gold trades, HFM directly reduces the effective cost of trading. This allows active participants to retain a larger portion of their gains. The straightforward eligibility criteria and automatic rebate calculation make it accessible and appealing for traders of all levels.

Other than the rebate program, HFM solidifies its position as one of the top brokers in the world. It offers traders a diverse range of trading instruments, competitive spreads, and multiple account types to suit different trading styles. Nonetheless, trading involves significant risks, and rebates should complement a well-thought-out strategy. Responsible trading is paramount, and your trading volume should not solely be in the pursuit of cashback.

Remember that Forex and CFDs available at HFM are leveraged products.
Their trading can result in the loss of your entire capital.